Happy Hands Education Center Inc
- Assets
- $7.4m
- Revenue
- $1.9m
- Investments
- $2.2m
- Employees
- 47
- Location
- Broken Arrow, OK
- Founding
- 08/1993
- Data as of
- 06/2022
- EIN
- 73-1425473
Organization Overview
Happy Hands Education Center Inc is located in Broken Arrow, OK. The organization was established in 1993. 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 06/2022, Happy Hands Education Center Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Happy Hands Education Center 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 06/2022, Happy Hands Education Center Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 0.2% per year over the past 8 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
THE ORGANIZATION'S PURPOSE IS TO EMPOWER CHILDREN WITH HEARING LOSS AND/OR COMMUNICATION DISORDERS IN EVERY AREA OF THEIR LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF HAPPY HANDS IS TO EMPOWER CHILDREN WHO ARE DEAF OR HARD OF HEARING OR WITH COMMUNICATION DISORDERS TO FLOURISH. WE DO THIS BY EDUCATING THE CHILD, NURTURING THE FAMILY AND BUILDING HOPE FOR THEIR FUTURE. WE SERVE APPROXIMATELY 70 CHILDREN AND 200 FAMILY MEMBERS EACH YEAR. WE ARE COMMITTED TO EXPANDING LANGUAGE ABILITY IN THESE CHILDREN, AGE 6 WEEKS TO 6 YEARS, SO THEY CAN ENTER ELEMENTARY SCHOOL WITH THE SKILLS NECESSARY TO BE SUCCESSFUL IN SCHOOL. THE ULTIMATE GOAL IS TO ENABLE THEM TO BE ADULTS WHO ARE CONTRIBUTING MEMBERS OF SOCIETY, FREE FROM GOVERNMENT SUPPORT, WHO CAN FULFILL THEIR DREAMS. FOR THESE CHILDREN WITHOUT EARLY INTERVENTION PROGRAMS LIKE OURS THE GAP IN LANGUAGE AND LITERACY DEVELOPMENT CONTINUOUSLY WIDENS WITH EACH YEAR AND CAN LEAD TO FUNCTIONAL ILLITERACY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bret Barnhart President | OfficerTrustee | 2 | $0 |
Mishelle Embry Secretary | OfficerTrustee | 1 | $0 |
Don Newberry Vice-President | OfficerTrustee | 1 | $0 |
Matt Jackson Member | Trustee | 3 | $0 |
James Maddux Treasurer | OfficerTrustee | 2 | $0 |
Haili Lord Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $658,611 |
| Investment income | $44,891 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $92,479 |
| Net Income from Fundraising Events | $60,435 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,911,140 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $446,311 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $58,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $887,632 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $65,949 |
| Payroll taxes | $59,279 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,035 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,749 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $108,169 |
| 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 | $195,622 |
| Insurance | $28,633 |
| All other expenses | $0 |
| Total functional expenses | $2,063,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,199 |
| Savings and temporary cash investments | $195,919 |
| Pledges and grants receivable | $3,000 |
| Accounts receivable, net | $8,059 |
| 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 | $610 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,209,820 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,354,503 |
| Accounts payable and accrued expenses | $57,438 |
| Grants payable | $0 |
| Deferred revenue | $7,798 |
| 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 | $65,236 |
| Net assets without donor restrictions | $7,123,827 |
| Net assets with donor restrictions | $165,440 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $7,289,267 |