Overview
Raised: $20,000
Total Commitments ($USD)
Platform
NextSeed
Start Date
08/20/2020
Close Date
11/25/2020
Min. Goal
$10,000
Max. Goal
$20,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.30X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/29/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$208
# of Investors
57
Momentum
Funded
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Year Founded
2015
Industry
Education, Training, & Coaching
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
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: 08/20/2020
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