Morningside PlayCare

Growth Stage

100% Mandarin and Spanish immersion program

Analytics

Raised to Date: Raised: $20,000

Aggregate Commitments $

Platform

NextSeed

Start Date

08/21/2020

Close Date

11/25/2020

Min. Goal

$10,000

Max. Goal

$20,000

Min. Investment

$100

Security Type

Revenue Share

Funding Type

RegCF

Series

Seed

Rolling Commitments $

Status
Funded
Reporting Date

11/30/2020

Days Remaining
Funded
% of Min. Goal

200%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$208

Momentum
Funded
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Location

New York, New York

Industry

Education, Training, & Coaching

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

Life Style

Morningside PlayCare, a learning center for children, is raising funds on NextSeed. The center provides nurturing care and immerses children in Mandarin and Spanish languages through play, creative activities, Yoga, and exploration of nature. The curriculum is inspired by the Hawthorne Valley Waldorf School and Flying Deer Nature Centre. Dr. Gail Foster founded Morningside PlayCare in 2015. The proceeds of the current crowdfunding round, with a minimum target of $10,000 and a maximum target of $20,000, will be used as working capital to sustain the business during COVID-19. Morningside PlayCare graduates have been accepted at the top Mandarin and Spanish immersion independent day schools in New York City. The center reported a 148% year-over-year growth from 2018 to 2019.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$166,153

$206,945

COGS

$0

$0

Tax

$5,770

$4,410

 

 

Net Income

$-33,346

$25,302

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$19,328

$10,110

Accounts Receivable

$10,682

$20,323

Total Assets

$30,010

$20,323

Short-Term Debt

$0

$0

Long-Term Debt

$38,348

$51,067

Total Liabilities

$38,348

$51,067

Financials as of: 08/21/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Morningside PlayCare 10/04/2021 NextSeed $2,250,000 $179,400 SAFE Funded RegCF
Morningside PlayCare 11/25/2020 NextSeed - $20,000 Revenue Share Funded RegCF
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Morningside PlayCare on NextSeed
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Platform: NextSeed
Security Type: Revenue Share
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