Happy Days Preschool Inc in Ely, Minnesota (MN)
Table of contents:
| Happy Days Preschool Inc | |
| Employer Identification Number (EIN) | 410959526 |
| Name of Organization | Happy Days Preschool Inc |
| In Care of Name | Kristi Marshall |
| Address | PO BOX 134, Ely, MN 55731-0134 |
| Activities | Nursery school |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 08/2014 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $36,235 |
| Amount of Income | $73,657 |
| Form 990 Revenue Amount | $65,476 |
| 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 2014: $73,657 (it was $57,165 in 2013)
| Happy Days Preschool Inc: | $73,657 |
| Other organizations performing similar types of work: | $223,883 |
Assets in 2014: $36,235 (it was $22,596 in 2013)
| This organization: | $36,235 |
| Other organizations performing similar types of work: | $52,124 |
Expenses in 2014: $52,610
| Happy Days Preschool Inc: | $52,610 |
| Other organizations performing similar types of work: | $227,146 |
Income to expenses ratio in 2014: 1.4
| This organization: | 1.4 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2014: 6.8%
| Happy Days Preschool Inc: | 6.8% |
| Other organizations performing similar types of work: | 2.7% |
Revenue for 2014
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $70,532 | $50,979 | $65,476 |
| Contributions, gifts, grants, and similar amounts received | $4,164 | $7,904 | $4,480 |
| Program service revenue including government fees and contracts | $62,379 | $39,238 | $57,976 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $11 | $3 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $3,978 | $3,571 | $3,020 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $11,460 | $9,757 | $11,201 |
| Less: direct expenses from gaming and fundraising events | $7,482 | $6,186 | $8,181 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $263 | $0 |
| Total expenses | $65,813 | $54,273 | $52,610 |
| Total net assets | $25,890 | $22,596 | $35,462 |
| Excess/Deficit for the year | $4,719 | $-3,294 | $12,866 |
| Net assets or fund balances at beginning of year | $21,171 | $25,890 | $22,596 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $22,596 | $35,462 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $25,890 | $22,596 | $36,235 |
| Total liabilities | $0 | $0 | $773 |
| Net assets or fund balances | $25,890 | $22,596 | $35,462 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | Not provided |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | York Avenue Preschool And Kindergarten | 1520 York Avenue, New York, NY 10028-7008 | NY | 2001-02 | $2,737,345 |
| 2 | Lake Area Discovery Center | 3770 Bellaire Ave, White Bear Lk, MN 55110-4901 | MN | 2000-10 | $1,421,831 |
| 3 | Mayflower Early Childhood Center | 106 E Diamond Lake Rd, Minneapolis, MN 55419-1925 | MN | 2010-06 | $902,562 |
| 4 | Close To My Heart | 2080 Woodlynn Ave, Maplewood, MN 55109-1418 | MN | 2012-03 | $380,141 |
| 5 | Royal Redeemer Child Care | PO BOX 50842, Mendota, MN 55150-0842 | MN | 2000-07 | $258,578 |
| 6 | Trinity Preschool Inc | 2060 6th Avenue North, Long Lake, MN 55356-9564 | MN | 2005-06 | $241,372 |
| 7 | Red Cottage Montessori School | 1617 Hay Creek Valley Rd, Red Wing, MN 55066-4924 | MN | 2011-10 | $102,106 |
| 8 | Mikinak Child Care | PO BOX 1344, Cass Lake, MN 56633-1344 | MN | 2009-08 | $91,042 |
| 9 | Bishop C H Mason Institute Of Child Development | 6120 Xerxes Ave N, Brooklyn Ctr, MN 55430-2000 | MN | 1999-03 | $0 |
| 10 | Christian Day Child Academy Inc | 16075 Hawthorn Path, Lakeville, MN 55044-7570 | MN | 2000-11 | $0 |
| 11 | Heartland Academy Of Classical Learning Inc | 20455 470th Ave Nw, Oslo, MN 56744 | MN | 2004-10 | $0 |
| 12 | Holly Day Preschool | 8905 State Highway 55, Rockford, MN 55373-5128 | MN | 2011-02 | $0 |
| 13 | Hope Nursery School | Pob 744, Moose Lake, MN 55767 | MN | 2004-02 | $0 |
| 14 | Jordan Early Childhood Family Education Parent Teacher Org | 815 Sunset Drive, Jordan, MN 55352 | MN | 2015-01 | $0 |
| 15 | Kare Ing 4 Families Ltd | 19202 605th Ave, Litchfield, MN 55355-6417 | MN | 2006-10 | $0 |
| 16 | Lakewood Montessori Preschool Inc | 5207 N Tischer Rd, Duluth, MN 55804-3010 | MN | 2013-02 | $0 |
| 17 | Learning Stars Preschool And Kindergarten | 17445 Notre Dame St Ne, Forest Lake, MN 55025-8325 | MN | 2002-01 | $0 |
| 18 | Seeds Of Faith Preschool Inc | 7000 Hinton Ave S, Cottage Grove, MN 55016-1809 | MN | 2002-12 | $0 |
| 19 | St Peters Daycare Inc | 401 E 41st St, Mpls, MN 55409-1631 | MN | 2005-06 | $0 |
| 20 | Woodbury Nursery School, C O Mary Burton | 7465 Steepleview Rd, Woodbury, MN 55125-1533 | MN | 1994-05 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,714 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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