Happy Time Preschool Of Muscatine in Muscatine, Iowa (IA)

Happy Time Preschool Of Muscatine
Employer Identification Number (EIN)	421299345
Name of Organization	Happy Time Preschool Of Muscatine
Address	2107 Cedar St, Muscatine, IA 52761-2607
Activities	Private school, Nursery school
Subsection	Charitable Organization
Ruling Date	10/1988
Deductibility	Contributions are deductible
Foundation	School
Organization	Corporation
Tax Period	06/2010
Assets	$25,000 to $99,999
Income	$100,000 to $499,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$36,033
Amount of Income	$148,141
Form 990 Revenue Amount	$134,943
National Taxonomy of Exempt Entities (NTEE)	Educational Institutions and Related Activities: Kindergarten, Preschool, Nursery School, Early Admissions

Non-representatives - add comments:

Amount of income in 2010: $148,141

Happy Time Preschool Of Muscatine:	$148,141
Other organizations performing similar types of work:	$425,859

Assets in 2010: $36,033

This organization:	$36,033
Other organizations performing similar types of work:	$259,640

Expenses in 2007: $98,456

This organization:	$98,456
Other organizations performing similar types of work:	$473,878

Income to expenses ratio in 2007: 1.0

This organization:	1.0
Other organizations performing similar types of work:	1.0

Expenses allocated to program services in 2007: 100.0%

This organization:	100.0%
Other organizations performing similar types of work:	88.5%

Number of employees in 2007: 12

This organization:	12
Other organizations performing similar types of work:	24

Grants share in income in 2007: 1.4%

This organization:	1.4%
Other organizations performing similar types of work:	8.9%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

	2000	2001	2002	2003	2004	2005	2006	2007
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$71,030	$70,420	$76,313	$65,428	$56,970	$69,540	$98,085	$100,669
Contributions, gifts, grants, and similar amounts received	$0	$1,500	$6,210	$5,635	$603	$40	$5,275	$1,365
Contributions to donor advised funds							$4,875	$1,000
Direct public support	$0	$0	$0	$0	$0	$0	$0	$50
Indirect public support	$0	$0	$6,210	$5,635	$603	$40	$400	$315
Government contributions (grants)	$0	$0	$0	$0	$0	$0	$0	$0
Program service revenue including government fees and contracts	$62,818	$64,017	$60,897	$56,351	$54,073	$63,101	$84,916	$92,278
Membership dues and assessments	$0	$0	$0	$0	$0	$0	$0	$0
Interest on savings and temporary cash investments	$0	$0	$302	$243	$331	$0	$268	$307
Dividends and interest from securities	$0	$0	$0	$0	$0	$266	$0	$0
Net rental income or (loss)	$0	$0	$0	$0	$0	$0	$0	$0
Gross rents	$0	$0	$0	$0	$0	$0	$0	$0
Less: rental expenses	$0	$0	$0	$0	$0	$0	$0	$0
Other investment income	$0	$0	$0	$0	$0	$0	$0	$0
Gain or (loss) from sales of assets other than inventory	$0	$0	$0	$0	$0	$0	$0	$0
Gross amount from sales of assets other than inventory	$0	$0	$0	$0	$0	$0	$0	$0
Less: cost or other basis and sales expenses	$0	$0	$0	$0	$0	$0	$0	$0
Net income or (loss) from special events and activities	$7,012	$4,121	$3,063	$1,042	$1,598	$5,962	$7,492	$6,181
Gross revenue	$9,010	$6,549	$3,878	$1,617	$13,663	$12,936	$20,882	$18,299
Less: direct expenses other than fundraising expenses	$1,998	$2,428	$815	$575	$12,065	$6,974	$13,390	$12,118
Gross profit or (loss) from sales of inventory	$0	$0	$4,851	$1,723	$0	$0	$0	$0
Gross sales of inventory, less returns and allowances	$0	$0	$11,251	$9,405	$0	$0	$0	$0
Less: cost of goods sold	$0	$0	$6,400	$7,682	$0	$0	$0	$0
Other revenue	$0	$0	$990	$434	$362	$171	$134	$538
Total expenses	$62,072	$67,534	$60,042	$67,767	$74,777	$72,020	$91,854	$98,456
Program services	$0	$0	$60,042	$67,767	$74,777	$72,020	$91,854	$98,456
Management and general	$0	$0	$0	$0	$0	$0	$0	$0
Fundraising	$0	$0	$0	$0	$0	$0	$0	$0
Payments to affiliates	$0	$0	$0	$0	$0	$0	$0	$0
Net assets or fund balances at end of year	$35,122	$38,008	$44,664	$42,325	$24,527	$22,047	$28,278	$30,491
Excess or (deficit) for the year	$8,958	$2,886	$16,271	$-2,339	$-17,807	$-2,480	$6,231	$2,213
Net assets or fund balances at beginning of year	$26,164	$35,122	$35,122	$44,664	$42,325	$24,527	$22,047	$28,278
Other changes in net assets or fund balances	$0	$0	$-6,729	$0	$9	$0	$0	$0

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2007)
Total functional expenses	$98,456	$98,456	$0	$0
Grants paid from donor advised funds		$0
Other grants and allocations		$315
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$20,168	$20,168	$0	$0
Compensation of former officers, directors, key employees, etc.	$0	$0	$0	$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)	$0	$0	$0	$0
Salaries and wages of employees not included above	$56,425	$56,425	$0	$0
Pension plan contributions not included above	$0	$0	$0	$0
Employee benefits not included above	$0	$0	$0	$0
Payroll taxes	$5,859	$5,859	$0	$0
Professional fundraising fees	$0	$0	$0	$0
Accounting fees	$485	$485	$0	$0
Legal fees	$0	$0	$0	$0
Supplies	$247	$247	$0	$0
Telephone	$481	$481	$0	$0
Postage and shipping	$389	$389	$0	$0
Occupancy	$3,532	$3,532	$0	$0
Equipment rental and maintenance	$0	$0	$0	$0
Printing and publications	$0	$0	$0	$0
Travel	$451	$451	$0	$0
Conferences, conventions, and meetings	$470	$470	$0	$0
Interest	$0	$0	$0	$0
Depreciation, depletion, etc.	$0	$0	$0	$0
Other expenses not covered above	$9,634	$9,634	$0	$0

	2000	2001	2002	2003	2004	2005	2006	2007
Balance Sheets
Total assets	$36,592	$39,072	$45,671	$43,456	$25,805	$23,131	$29,697	$32,011
Cash - non-interest-bearing	$0	$0	$12,054	$9,597	$4,915	$9,525	$16,875	$18,932
Savings and temporary cash investments	$0	$0	$33,617	$33,859	$20,890	$13,606	$12,822	$13,079
Accounts receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0	$0	$0	$0
Pledges receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0	$0	$0	$0
Grants receivable	$0	$0	$0	$0	$0	$0	$0	$0
Receivables from current and former officers, directors, trustees, and key employees	$0	$0	$0	$0	$0	$0	$0	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)							$0	$0
Other notes and loans receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0	$0	$0	$0
Inventories for sale or use	$0	$0	$0	$0	$0	$0	$0	$0
Prepaid expenses and deferred charges	$0	$0	$0	$0	$0	$0	$0	$0
Investments - publicly-traded securities							$0	$0
Investments - other securities	$0	$0	$0	$0	$0	$0	$0	$0
Investments - land, buildings, and equipment less accumulated depreciation	$0	$0	$0	$0	$0	$0	$0	$0
Investments - other	$0	$0	$0	$0	$0	$0	$0	$0
Land, buildings, and equipment less accumulated depreciation	$0	$0	$0	$0	$0	$0	$0	$0
Other assets, including program-related investments	$0	$0	$0	$0	$0	$0	$0	$0
Total liabilities	$1,470	$1,064	$1,007	$1,131	$1,278	$1,084	$1,419	$1,520
Accounts payable and accrued expenses	$0	$0	$1,007	$1,131	$1,278	$1,084	$1,419	$1,520
Grants payable	$0	$0	$0	$0	$0	$0	$0	$0
Deferred revenue	$0	$0	$0	$0	$0	$0	$0	$0
Loans from officers, directors, trustees, and key employees	$0	$0	$0	$0	$0	$0	$0	$0
Tax-exempt bond liabilities	$0	$0	$0	$0	$0	$0	$0	$0
Mortgages and other notes payable	$0	$0	$0	$0	$0	$0	$0	$0
Other liabilities	$0	$0	$0	$0	$0	$0	$0	$0
Total liabilities and net assets/fund balances	$0	$0	$45,671	$43,456	$25,805	$23,131	$29,697	$32,011
Total net assets or fund balances	$35,122	$38,008	$44,664	$42,325	$24,527	$22,047	$28,278	$30,491

	2000	2001	2002	2003	2004	2005	2006	2007
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$0	$0	$0	$0	$0	$0	$0	$0
Total revenue, gains, and other support per audited financial statements	$0	$0	$0	$0	$0	$0	$0	$0
Other expenses	$0	$0	$0	$0	$0	$0	$0	$0
Net unrealized gains on investments	$0	$0	$0	$0	$0	$0	$0	$0
Donated services and use of facilities	$0	$0	$0	$0	$0	$0	$0	$0
Recoveries of prior year grants	$0	$0	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0	$0	$0	$0
Other revenue	$0	$0	$0	$0	$0	$0	$0	$0
Investment expenses	$0	$0	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0	$0	$0	$0

	2000	2001	2002	2003	2004	2005	2006	2007
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$0	$0	$0	$0	$0	$0	$0	$0
Total expenses and losses per audited financial statements	$0	$0	$0	$0	$0	$0	$0	$0
Other revenue	$0	$0	$0	$0	$0	$0	$0	$0
Donated services and use of facilities	$0	$0	$0	$0	$0	$0	$0	$0
Prior year adjustments	$0	$0	$0	$0	$0	$0	$0	$0
Losses	$0	$0	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0	$0	$0	$0
Other expenses	$0	$0	$0	$0	$0	$0	$0	$0
Investment expenses	$0	$0	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0	$0	$0	$0

Current Officers, Directors, Trustees, and Key Employees

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	8
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?	No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?	No
Does the organization have a written conflict of interest policy?	Yes

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	No
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?	No
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?	No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?	No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?	No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?	No
Number of employees employed in the pay period that includes March 12, 2006	12

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2007)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$0		$307	$98,997
Program service revenue
Program service revenue 1	000000	$0	00	$0	$92,278
Program service revenue 2	000000	$0	00	$0	$0
Program service revenue 3	000000	$0	00	$0	$0
Program service revenue 4	000000	$0	00	$0	$0
Program service revenue 5	000000	$0	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$0
Interest on savings and temporary cash investments	000000	$0	Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)	$307	$0
Dividends and interest from securities	000000	$0	00	$0	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$0
not debt-financed property	000000	$0	00	$0	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	00	$0	$0
Gain or (loss) from sales of assets other than inventory	000000	$0	00	$0	$0
Net income or (loss) from special events	000000	$0	00	$0	$6,181
Gross profit or (loss) from sales of inventory	000000	$0	00	$0	$0
Other revenue	000000	$0	00	$0	$538

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0

Total number of other employees paid over $50,000	0

Total number of other employees paid over $50,000

Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities	$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?	No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?	No
Did the organization maintain any donor advised funds?	Yes
Did the organization make any taxable distributions under section 4966?	No
Did the organization make a distribution to a donor, donor advisor, or related person?	No
The total number of donor advised funds owned at the end of the tax year	$1
The aggregate value of assets held in all donor advised funds owned at the end of the tax year	$3,732
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts	$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year	$0

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is	School

	1999	2000	2001	2002	2003	2004	2005	2006
Support Schedule
Total	$0	$0	$0	$0	$0	$0	$0	$0
Gifts, grants, and contributions received	$0	$0	$0	$0	$0	$0	$0	$0
Membership fees received	$0	$0	$0	$0	$0	$0	$0	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$0	$0	$0	$0	$0	$0	$0	$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$0	$0	$0	$0	$0	$0	$0	$0
Net income from unrelated business activities not included above	$0	$0	$0	$0	$0	$0	$0	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0	$0	$0	$0	$0	$0	$0	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0	$0	$0	$0	$0	$0	$0	$0
Other income	$0	$0	$0	$0	$0	$0	$0	$0

Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Happy Time Preschool Of Muscatine	2107 Cedar St, Muscatine, IA 52761-2607	IA	1988-10	$148,141
2	Wake County Smartstart	4901 Waters Edge Dr Ste 101, Raleigh, NC 27606-2464	NC	1996-03	$11,933,520
3	Southeast Children & Family Development Head Start Inc	5555 Conner Ste 3c South, Detroit, MI 48213-3448	MI	1985-04	$8,228,078
4	Smart Start Of Forsyth County	7820 North Point Blvd, Winston Salem, NC 27106-3299	NC	1995-01	$7,265,526
5	Sefaradic Gan Inc, Yeshiva Torat Emet	11330 Braesridge Dr, Houston, TX 77071-2300	TX	2006-03	$3,434,264
6	Washington County Family Center	383 Sherwood Dr, Montpelier, VT 05602-8215	VT	1986-02	$2,518,472
7	Kids First Blair County	4 Sheraton Dr, Altoona, PA 16601-9316	PA	2009-04	$2,089,589
8	School Of Imagination Inc	9801 Dublin Blvd, Dublin, CA 94568-2835	CA	2007-12	$1,995,533
9	Seattle Institute For Early Child Development Inc, Hilltop Childrens Center	4 Nickerson St, Seattle, WA 98109-1651	WA	1974-08	$1,594,022
10	The Northern Neck Alliance Incorporated	PO BOX 40, Colonial Bch, VA 22443-0040	VA	1994-06	$991,785
11	Treasure Island	347 74th St, Brooklyn, NY 11209-2509	NY	1986-02	$770,651
12	The Childs-Pace Foundation Inc	1720 Adams Ave, Costa Mesa, CA 92626-4863	CA	1980-09	$632,751
13	Sabot School Inc	6818 W Grace St, Richmond, VA 23226-2831	VA	1974-05	$559,310
14	Yellow Brick Road Preschools Inc	392 E Windsor Ave, Phoenix, AZ 85004-1232	AZ	2008-02	$464,913
15	Shelly Bear Child Development Centers, A Happy Place To Bee	5690 E Shields Ave, Fresno, CA 93727-7818	CA	1998-05	$449,420
16	Utopia Childrens Center Inc	236 W 129th St, New York, NY 10027-1901	NY	1947-06	$442,466
17	Volunteer Community School Inc	PO BOX 6277, Chattanooga, TN 37401-6277	TN	1971-05	$385,392
18	Tenney Nursery And Parent Center Inc	1321 Mifflin St, Madison, WI 53703-2467	WI	1981-01	$353,998
19	Sleepy Hollow Preschool Inc	6531 Columbia Pike, Annandale, VA 22003-2066	VA	1979-03	$318,153
20	Prairie View Preschool & Childcare	511 6th Ave, Grinnell, IA 50112-1957	IA	2000-01	$50,091

Number of organizations performing similar types of work

Alabama	2
Arkansas	5
Arizona	4
California	33
Colorado	8
Connecticut	7
District of Columbia	3
Delaware	1
Florida	10
Georgia	7
Hawaii	3
Iowa	2
Illinois	12
Indiana	5
Kansas	2
Kentucky	1
Louisiana	2
Massachusetts	13
Maryland	6
Maine	2
Michigan	6
Minnesota	8
Missouri	4

Mississippi	4
Montana	1
North Carolina	6
Nebraska	1
New Hampshire	4
New Jersey	7
New Mexico	1
Nevada	1
New York	17
Ohio	6
Oklahoma	2
Oregon	5
Pennsylvania	9
Rhode Island	2
South Carolina	3
Tennessee	3
Texas	10
Utah	2
Virginia	12
Vermont	2
Washington	6
Wisconsin	6
West Virginia	1

Total

257

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