Hull Bright Start Inc
- Assets
- $187.5k
- Revenue
- $349.3k
- Investments
- $0.0
- Employees
- 30
- Location
- Hull, IA
- Founding
- 05/2007
- Data as of
- 12/2021
- EIN
- 20-3577581
Organization Overview
Hull Bright Start Inc is located in Hull, IA. The organization was established in 2007. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 12/2021, Hull Bright Start Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hull Bright Start Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Hull Bright Start Inc generated $349.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $283.1k during the year ending 12/2021. While expenses have increased by 5.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ADEQUATE DAYCARE & PRESCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ADEQUATE DAYCARE & PRESCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Negan Secretary | Officer | 1 | $0 |
Jessica Bonestroo President | Officer | 1 | $0 |
Carri Schmidt Treasurer | Officer | 1 | $0 |
Sarah Wiersma Vice Preside | Officer | 1 | $0 |
Kayti Beukelman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $73,505 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,812 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,317 |
| Total Program Service Revenue | $247,963 |
| Investment income | $182 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,223 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $349,260 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $190,579 |
| Pension plan accruals and contributions | $1,870 |
| Other employee benefits | $0 |
| Payroll taxes | $13,493 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,166 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $600 |
| Office expenses | $3,322 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,058 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,076 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,073 |
| Insurance | $9,669 |
| All other expenses | $768 |
| Total functional expenses | $283,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,811 |
| Savings and temporary cash investments | $16,808 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,200 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $105,672 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $187,491 |
| Accounts payable and accrued expenses | $84 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,543 |
| Total liabilities | $4,627 |
| Net assets without donor restrictions | $182,864 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $187,491 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hull Bright Start Inc has recieved totaling $43.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $43 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Think Small Saint Paul, MN | $8,024,590 | $30,547,585 |
Providers Choice Inc Minneapolis, MN | $4,205,480 | $24,736,652 |
Baby Fold Normal, IL | $27,364,116 | $17,486,637 |
Child Care Resource And Referral Inc Rochester, MN | $8,853,289 | $18,520,404 |
Day Care Resources Inc Tremont, IL | $2,117,943 | $17,941,943 |
Centers For New Horizons Inc Chicago, IL | $7,305,979 | $16,275,139 |
Sal Family And Community Services Moline, IL | $8,918,922 | $19,104,520 |
Carole Robertson Center For Learning Chicago, IL | $14,277,174 | $18,327,901 |
Children And Families Of Iowa Des Moines, IA | $18,712,609 | $16,514,094 |
Operation Breakthrough Inc Kansas City, MO | $30,816,270 | $15,851,429 |
Henry Booth House Chicago, IL | $2,336,796 | $13,372,384 |
Mary Crane League Chicago, IL | $2,658,190 | $10,239,399 |