Grandmas House Day Care
- Assets
- $664.4k
- Revenue
- $859.3k
- Investments
- $0.0
- Employees
- 44
- Location
- Clarinda, IA
- Founding
- 02/2004
- Data as of
- 12/2023
- EIN
- 87-0691643
Organization Overview
Grandmas House Day Care is located in Clarinda, IA. The organization was established in 2004. 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 12/2023, Grandmas House Day Care employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grandmas House Day Care 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 12/2023, Grandmas House Day Care generated $859.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $741.6k during the year ending 12/2023. While expenses have increased by 5.9% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHILDCARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CHILDCARE AND EDUCATIONAL SERVICES. RELIES ON FUNDRAISING, DONATIONS AND FEES TO MEET EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Morgan Sams Center Director | Officer | 45 | $9,808 |
Jodi Mothershead President | Officer | 5 | $0 |
Elaine Armstrong Secretary | Officer | 5 | $0 |
Dan Comer Treasurer | Officer | 5 | $0 |
Michala Pedersen Vice President | Officer | 5 | $0 |
Nichole Mckerinan-Struve Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $18,616 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,992 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,608 |
| Total Program Service Revenue | $613,174 |
| Investment income | $13,932 |
| 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 | $859,317 |
| 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. | $42,885 |
| Compensation of current officers, directors, key employees. | $34,308 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $433,004 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,591 |
| Payroll taxes | $36,724 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,920 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,401 |
| Advertising and promotion | $1,188 |
| Office expenses | $9,988 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,888 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,370 |
| Interest | $13,021 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,177 |
| Insurance | $15,450 |
| All other expenses | $0 |
| Total functional expenses | $741,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,603 |
| Savings and temporary cash investments | $304,946 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,498 |
| 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 | $292,375 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $664,422 |
| Accounts payable and accrued expenses | $5,016 |
| 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 | $327,111 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $332,127 |
| Net assets without donor restrictions | $332,295 |
| 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 | $664,422 |