Time For Tots Inc
- Assets
- $500.4k
- Revenue
- $377.7k
- Investments
- $0.0
- Employees
- 28
- Location
- Harlan, IA
- Founding
- 08/1990
- Data as of
- 05/2024
- EIN
- 42-1315947
Organization Overview
Time For Tots Inc is located in Harlan, IA. The organization was established in 1990. 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 05/2024, Time For Tots Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Time For Tots 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 05/2024, Time For Tots Inc generated $377.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $430.9k during the year ending 05/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY DAYCARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOW COST COMMUNITY BASED DAYCARE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Anderson Sec/ Interim Pres | OfficerTrustee | 1 | $0 |
Hope Chipman Dir | Trustee | 1 | $0 |
Eric Chipman Dir | Trustee | 1 | $0 |
Austin Staley Dir | Trustee | 1 | $0 |
Stephanie Staley Dir | Trustee | 1 | $0 |
Amanda Erwin Dir | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $42,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,000 |
| Total Program Service Revenue | $307,929 |
| Investment income | $5,329 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,436 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $377,694 |
| 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 | $229,844 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,675 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,138 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $99 |
| Office expenses | $4,483 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,731 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,056 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,173 |
| Insurance | $16,126 |
| All other expenses | $95,391 |
| Total functional expenses | $430,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,696 |
| Savings and temporary cash investments | $113,403 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,351 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,355 |
| Prepaid expenses and deferred charges | $102 |
| Net Land, buildings, and equipment | $305,523 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $500,430 |
| Accounts payable and accrued expenses | $18,690 |
| 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 | $95,118 |
| Other liabilities | $0 |
| Total liabilities | $113,808 |
| 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 | $386,622 |
| Total liabilities and net assets/fund balances | $500,430 |