Happy House Inc
- Assets
- $712.2k
- Revenue
- $915.7k
- Investments
- $0.0
- Employees
- 53
- Location
- Lake City, FL
- Founding
- 09/1970
- Data as of
- 12/2021
- EIN
- 59-1294906
Organization Overview
Happy House Inc is located in Lake City, FL. The organization was established in 1970. 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, Happy House Inc employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Happy House 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, Happy House Inc generated $915.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 years. 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
THE MATERIAL, SOCIAL, EDUCATIONAL, AND MORAL WELL-BEING OF THE CHILDREN OF LAKE CITY, FL; PROMOTE THE HIGHEST PRINCIPALS OF HONOR, INTEGRITY, AND MORALITY IN THE COMMUNITY; AND OFFER SERVICES AND ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEALS AND SNACKS WERE SERVED TO STUDENTS AS FOLLOWS: BREAKFASTS 18,145; LUNCH 20,837; SNACKS 20,741. DAILY PARTICIPATION IN THE MEAL PROGRAM (LUNCH) RANGED FROM 480 IN JANUARY 2020 TO 302 IN DECEMBER 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheryll Walker Executive Director | Officer | 40 | $52,873 |
Gloria Bedenbaugh Finance Director | Officer | 40 | $34,495 |
Susie Hall Chairperson | Trustee | 2 | $0 |
Judy Spring Co-Chairperson | Trustee | 1 | $0 |
Marcia Kazmierski Member | Trustee | 1 | $0 |
Sandra Foreman Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $32,401 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $140,933 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,278 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $203,612 |
| Total Program Service Revenue | $710,599 |
| Investment income | $274 |
| 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 | $915,740 |
| 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. | $87,369 |
| Compensation of current officers, directors, key employees. | $87,369 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $587,840 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $50,127 |
| 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 | $0 |
| 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 | $50,211 |
| Insurance | $0 |
| All other expenses | $410,647 |
| Total functional expenses | $1,208,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,787 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,046 |
| 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 | $532,373 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $712,206 |
| Accounts payable and accrued expenses | $51,873 |
| 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 | $23,730 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $75,603 |
| Net assets without donor restrictions | $636,603 |
| 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 | $712,206 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Happy House Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
United Way Of Suwannee Valley Inc Lake City, FL PURPOSE: TO ALLOCATE CAMPAIGN FUNDS TO SUPPORT THE OPERATION OF AN APPROVED 501C3 ORGANIZATION | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quality Care For Children Inc Atlanta, GA | $7,415,823 | $20,444,719 |
R Club Child Care Inc St Petersburg, FL | $18,176,880 | $19,595,312 |
Family Central Inc Ft Lauderdale, FL | $4,010,498 | $16,912,867 |
Childrens Forum Inc Tallahassee, FL | $5,733,267 | $15,389,611 |
Centro Mater Child Care Servicesinc Lauderdale Lakes, FL | $3,264,997 | $12,190,582 |
Gulf Regional Early Childhood Services Inc Mobile, AL | $4,519,682 | $13,000,222 |
Assistance Unlimited Inc Lauderdale Lakes, FL | $14,917,830 | $14,034,670 |
Child Care Of Southwest Florida Inc Ft Myers, FL | $4,237,848 | $11,344,922 |
Community Childcare Food Supplement Inc Savannah, GA | $1,811,584 | $9,216,213 |
Early Education And Care Inc Panama City, FL | $7,887,030 | $6,650,931 |
Childcare Resources Birmingham, AL | $765,038 | $7,739,319 |
Florence Fuller Child Development Centers Inc Boca Raton, FL | $9,224,394 | $8,503,035 |