Lake Geauga United Headstart Inc
- Assets
- $1.2m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 94
- Location
- Concord Township, OH
- Founding
- 04/1972
- Data as of
- 12/2022
- EIN
- 34-1098828
Organization Overview
Lake Geauga United Headstart Inc is located in Concord Township, OH. The organization was established in 1972. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 12/2022, Lake Geauga United Headstart Inc employed 94 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Geauga United Headstart 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 12/2022, Lake Geauga United Headstart Inc generated $4.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $4.6m during the year ending 12/2022. While expenses have increased by 6.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LAKE-GEAUGA UNITED HEAD START, INC. THE AGENCY WAS FORMED ON SEPTEMBER 10, 1971 AS A PRIVATE, NON-PROFIT ORGANIZATION FOR THE PURPOSE OF OPERATING A FEDERAL HEAD START PROGRAM. REFER TO SCHEDULE O FOR FULL NARRATIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEAD START IS A FEDERALLY FUNDED COMPREHENSIVE DEVELOPMENTAL PRESCHOOL PROGRAM FOR INCOME ELIGIBLE CHILDREN AGES AGES 3-5 AND THEIR FAMILIES. LAKE-GEAUGA UNITED HEAD START, INC. RECEIVES GRANTS FROM THE FEDERAL DEPARTMENT OF HEALTH AND HUMAN SERVICES FOR THE OPERATION OF THIS PROGRAM. THERE IS NO FEE FOR INCOME ELIGIBLE FAMILIES TO PARTICIPATE IN THIS PROGRAM THAT WAS DESIGNED IN 1965 TO PRIMARILY SERVE CHILDREN FROM AT-RISK FAMILIES. HEAD START HAS SERVED AS A ROLE MODEL FOR EARLY CHILDHOOD DEVELOPMENT PROGRAMS. ALTHOUGH TARGETED FOR CHILDREN FROM INCOME ELIGIBLE FAMILIES, THE PROGRAM MAY ACCEPT UP TO 10 OF ITS ENROLLMENT FROM FAMILIES WHO EXCEED THE FEDERAL INCOME GUIDELINES. IN ADDITION, AT LEAST 10 OF THE CHILDREN ENROLLED MUST BE IDENTIFIED AS HAVING CERTIFIABLE DISABILITIES IN SUCH AREAS AS SPEECH, HEARING, VISION OR PHYSICAL DISABILITIES. REFER TO SCHEDULE O FOR FULL NARRATIVE.
THE CHILD AND ADULT CARE FOOD PROGRAM PROVIDES FREE OR REDUCED PRICE MEALS FOR ELIGIBLE CHILDREN PARTICIPATING IN THE HEAD START PROGRAM.
CHILD CARE STABILIZATION GRANT PROVIDES FINANCIAL RELIEF TO HELP DEFRAY ADDTIIONAL PANDEMIC RELATED COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Hopkins Exec. Director | Officer | 40 | $110,319 |
Jean Schonauer Fiscal Officer | Officer | 40 | $87,324 |
Jim Fodor Chairperson | OfficerTrustee | 1 | $0 |
Annmarie Gunsch Vice-Chairperson | OfficerTrustee | 1 | $0 |
Michael Deleone Treasurer | OfficerTrustee | 1 | $0 |
Charley Voelker Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,743,527 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,743,527 |
| Total Program Service Revenue | $0 |
| Investment income | $14,487 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,660 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,751,804 |
| 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. | $223,182 |
| Compensation of current officers, directors, key employees. | $223,182 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,591,361 |
| Pension plan accruals and contributions | $170,370 |
| Other employee benefits | $171,820 |
| Payroll taxes | $308,243 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $293,517 |
| Travel | $6,343 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,394 |
| Insurance | $44,566 |
| All other expenses | $140,757 |
| Total functional expenses | $4,562,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,401 |
| Savings and temporary cash investments | $170,343 |
| Pledges and grants receivable | $72,964 |
| Accounts receivable, net | $0 |
| 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 | $398,722 |
| Investments—publicly traded securities | $406,958 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,833 |
| Total assets | $1,196,221 |
| Accounts payable and accrued expenses | $158,777 |
| 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 | $0 |
| Total liabilities | $158,777 |
| Net assets without donor restrictions | $898,828 |
| Net assets with donor restrictions | $138,616 |
| 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 | $1,196,221 |