Lakelands Little Learners
- Assets
- $1.2m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 43
- Location
- Elkhorn, WI
- Founding
- 07/1986
- Data as of
- 12/2022
- EIN
- 39-1519609
Organization Overview
Lakelands Little Learners is located in Elkhorn, WI. The organization was established in 1986. 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 12/2022, Lakelands Little Learners employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakelands Little Learners 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, Lakelands Little Learners generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. While expenses have increased by 2.6% 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
CHILD CARE AND PRESCHOOL CENTER
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILD CARE AND PRESCHOOL SERVICES - THE ORGANIZATION PROVIDES DAYCARE AND PRESCHOOL SERVICES TO CHILDREN IN ORDER TO ENABLE THEIR PARENTS TO CONTINUE THEIR EMPLOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tama Adams Pres/exec Director | Officer | 40 | $114,517 |
Debbie Nehs Vice-President | Officer | 40 | $87,974 |
Kelly Wolfe Director | Trustee | 40 | $38,233 |
Adam Farrell Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,222 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,222 |
| Total Program Service Revenue | $1,499,415 |
| Investment income | $111 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,246 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,147,565 |
| 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. | $240,724 |
| Compensation of current officers, directors, key employees. | $67,403 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,135,539 |
| Pension plan accruals and contributions | $18,146 |
| Other employee benefits | $69,522 |
| Payroll taxes | $119,793 |
| 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 | $155 |
| Office expenses | $15,641 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,740 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,683 |
| Interest | $17,188 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,281 |
| Insurance | $30,935 |
| All other expenses | $70,508 |
| Total functional expenses | $1,896,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $427,317 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $780,458 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,207,775 |
| Accounts payable and accrued expenses | $25,709 |
| Grants payable | $0 |
| Deferred revenue | $107,025 |
| 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 | $322,261 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $454,995 |
| Net assets without donor restrictions | $0 |
| 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 | $752,780 |
| Total liabilities and net assets/fund balances | $1,207,775 |