Handicare Inc
- Assets
- $1.6m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 70
- Location
- Coralville, IA
- Founding
- 03/1983
- Data as of
- 12/2022
- EIN
- 42-1193531
Organization Overview
Handicare Inc is located in Coralville, IA. The organization was established in 1983. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, Handicare Inc employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Handicare 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, Handicare Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. 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
THE MISSION OF HANDICARE, INC. IS TO SET THE STANDARD FOR HIGH-QUALITY, INDIVIDUALIZED CHILD CARE BY CREATING A SAFE, INCLUSIVE ENVIRONMENT WHERE CHILDREN, FAMILIES, AND STAFF CAN THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HANDICARE PROVIDES CHILDCARE TO CHILDREN AGES 6 WEEKS OLD THROUGH THIRD GRADE. OUR THREE PROGRAMS BEGIN WITH AN INFANT-TODDLER PROGRAM FOR CHILDREN THROUGH AGE 2. CHILDREN THEN MOVE TO OUR PRESCHOOL CURRICULUM FOR AGES 3-4. WE PARTNER WITH THE IOWA CITY COMMUNITY SCHOOL DISTRICT TO OFFER A FREE, 3-HOUR PRESCHOOL PROGRAM (FOUR DAYS/WEEK) TAUGHT BY A LICENSED TEACHER, AND WE ALSO INCORPORATE ELEMENTS OF THE CURRICULUM INTO THE REST OF OUR CHILDCARE FOR 3-4-YEAR OLD'S. OUR BEFORE-AND-AFTER SCHOOL PROGRAM AND SUMMER KIDS' CLUB SERVE SCHOOL-AGED CHILDREN IN GRADES K-3. HANDICARE SERVES NEUROTYPICAL AND SPECIAL NEEDS CHILDREN, AND WE PRIORITIZE CARE AND EDUCATION THAT ARE DEVELOPMENTALLY APPROPRIATE AND INCLUSIVE. WE WELCOME UNDER-SERVED POPULATIONS, INCLUDING FAMILIES WHO RECEIVE CHILDCARE ASSISTANCE. WE VALUE COLLABORATION AMONG OUR STAFF, FAMILIES, AND COMMUNITY PARTNERS; CONNECTION, EMBODIED IN COMPASSIONATE AND UNDERSTANDING CARE; AND CREATIVE LEARNING THAT MAKES EDUCATION MEANINGFUL AND RESONANT FOR OUR CHILDREN. IN 2022 WE STIVED TO MAKE OUR EMPLOYMENT PRACTICES COMPARABLE TO OTHERS IN THE SAME INDUSTRY. WE WERE ABLE TO RAISE OUR STARTING WAGE TO $14.00/HOUR FOR AN ASSISTANT TEACHER, $16.00/HOUR FOR A LEAD TEACHER. WE ALSO BEGAN A RETIREMENT PROGRAM WITH COMPANY MATCH (UP TO 3%) FOR MOST OF OUR EMPLOYEES. WE ALSO STARTED TO MAKE IMPROVEMENTS TO THE INSIDE OF OUR BUILDING. WE STARTED WITH OUR STATE WIDE VOLUNTARY PRESCHOOL ROOM. FOR THIS WE KNOCKED OUT A WALL TO A SPACE THAT WAS NOT BEING USED TO ITS FULLEST POTENTIAL. WE HAVE ALSO BEGUN WORK TO OUR STAFF BREAK ROOM AND A CONFERENCE ROOM FOR HAVING CONVERSATIONS WITH PARENTS/STAFF. WE HOPE TO FINISH IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Lage Executive Director | Officer | 40 | $58,199 |
Vina Seeley Executive Director, Partial Year | Officer | 40 | $20,528 |
Elizabeth Kemper Executive Director, Partial Year | Officer | 40 | $11,531 |
Jamie Robinson Member, Partial Year | Trustee | 0.3 | $0 |
Carolyn Finely Member | Trustee | 0.3 | $0 |
Heather Youngquist Member | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $448,468 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,564 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $459,032 |
| Total Program Service Revenue | $1,565,984 |
| Investment income | $6,215 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,031,641 |
| 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. | $90,937 |
| Compensation of current officers, directors, key employees. | $77,754 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,005,317 |
| Pension plan accruals and contributions | $5,358 |
| Other employee benefits | $32,820 |
| Payroll taxes | $104,226 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,946 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,282 |
| Office expenses | $34,248 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $77,432 |
| Travel | $0 |
| 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 | $26,797 |
| Insurance | $14,898 |
| All other expenses | $12,166 |
| Total functional expenses | $1,580,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $1,175,884 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $57,383 |
| 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 | $13,020 |
| Net Land, buildings, and equipment | $327,023 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,573,410 |
| Accounts payable and accrued expenses | $122,201 |
| 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 | $122,201 |
| Net assets without donor restrictions | $1,451,209 |
| 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 | $1,573,410 |