Civic Intelligence

Lake-Geauga United Head Start Inc

EIN 34-1098828 • 501(c)3 • Concord Township, OH

Profile

It is the mission of Lake-Geauga United Head Start, Inc. to promote life long learning and success of our children and families.

7757 Auburn Road Suite 27Concord Township, OH 44077

www.lguhs.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

64th percentile

0.17x

Higher debt load relative to assets than 64% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

41st percentile

0.04x

Higher debt load relative to revenue than 41% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

38th percentile

-0.1%

Higher net margin than 38% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

72nd percentile

$114,264

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

63rd percentile

8.8%

Faster asset growth than 63% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

44th percentile

4.0%

Faster revenue growth than 44% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,063,191

Up $86,078 (+8.8%) from 2023

Liabilities

Up

$178,859

Up $60,826 (+52%) from 2023

Net Assets

Up

$884,332

Up $25,252 (+2.9%) from 2023

Revenue

Up

$4,474,565

Up $171,401 (+4.0%) from 2023

Expenses

Down

$4,479,444

Down $40,076 (-0.9%) from 2023

Net Income

Up

-$4,879

Up $211,477 (+98%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2016: $653,608Liabilities 2016: $123,724Net Assets 2016: $529,8842016Assets 2017: $753,976Liabilities 2017: $155,697Net Assets 2017: $598,2792017Assets 2018: $852,176Liabilities 2018: $264,274Net Assets 2018: $587,9022018Assets 2019: $846,192Liabilities 2019: $213,222Net Assets 2019: $632,9702019Assets 2020: $939,164Liabilities 2020: $226,841Net Assets 2020: $712,3232020Assets 2021: $1,074,486Liabilities 2021: $166,192Net Assets 2021: $908,2942021Assets 2022: $1,196,221Liabilities 2022: $158,777Net Assets 2022: $1,037,4442022Assets 2023: $977,113Liabilities 2023: $118,033Net Assets 2023: $859,0802023Assets 2024: $1,063,191Liabilities 2024: $178,859Net Assets 2024: $884,3322024

Highlighted filing

2024

Assets$1,063,191
Liabilities$178,859
Net Assets$884,332

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2016: $2,924,973Expenses 2016: $2,972,371Net Income 2016: -$47,3982016Revenue 2017: $3,164,571Expenses 2017: $3,109,979Net Income 2017: $54,5922017Revenue 2018: $3,291,306Expenses 2018: $3,288,015Net Income 2018: $3,2912018Revenue 2019: $3,573,117Expenses 2019: $3,561,735Net Income 2019: $11,3822019Revenue 2020: $3,703,017Expenses 2020: $3,637,382Net Income 2020: $65,6352020Revenue 2021: $4,261,151Expenses 2021: $4,074,024Net Income 2021: $187,1272021Revenue 2022: $4,751,804Expenses 2022: $4,562,824Net Income 2022: $188,9802022Revenue 2023: $4,303,164Expenses 2023: $4,519,520Net Income 2023: -$216,3562023Revenue 2024: $4,474,565Expenses 2024: $4,479,444Net Income 2024: -$4,8792024

Highlighted filing

2024

Revenue$4,474,565
Expenses$4,479,444
Net Income-$4,879

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 3, 2023
Return Version
2022v5.0
Gross Receipts
$4,810,464
Mission and Program Overview

Mission

It is the mission of Lake-Geauga United Head Start, Inc. to promote life long learning and success of our children and families.

Lake-Geauga United Head Start, Inc. the Agency was formed on September 10, 1971 as a private, non-profit organization for the purpose of operating a Federal Head Start program. Refer to Schedule O for full narrative.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$459,539$406,958▼ $52,581
Land, Buildings, and Equipment, Net$356,142$398,722▲ $42,580
Savings and Temporary Cash Investments-$170,343-
Cash and Non-Interest-Bearing Accounts$174,259$145,401▼ $28,858
Pledges and Grants Receivable$82,713$72,964▼ $9,749
Total Assets$1,074,486$1,196,221▲ $121,735
Other Assets Total$1,833$1,833→ $0
Liabilities
Accounts Payable and Accrued Expenses$166,192$158,777▼ $7,415
Total Liabilities$166,192$158,777▼ $7,415
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$908,294$898,828▼ $9,466
Net Assets With Donor Restrictions-$138,616-
Total Net Assets Fund Balance$908,294$1,037,444▲ $129,150
Total Liabilities and Net Assets / Fund Balance$1,074,486$1,196,221▲ $121,735

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$398,722$454,803$853,525
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laura HopkinsExec. DirectorFT$110,319$13,495$123,814
Jean SchonauerFiscal OfficerFT$87,324$12,044$99,368

Board Members and Trustees

NameTitle
Jim FodorChairperson
Annmarie GunschVice-Chairperson
Alison TomaselliTrustee
Anthony PochiroTrustee
Charley VoelkerTrustee
Donna BullisTrustee
Melanie SechlerTrustee
Meredith MyersTrustee
Ruth HainesTrustee
Tia LawrenceTrustee
Michael DeLeoneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,743,527
Program Service Revenue
$0
Investment Income
$7,827
Other Revenue
$450
Change in Net Assets
$188,980

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,751,804
Revenue Not Reported on Form 990
$202,323
Total Revenue per Audited Statements
$4,954,127
Total Revenue per Form 990
$4,751,804
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,464,976
Other Expenses$1,097,848
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,524,336$67,025-$2,591,361
Payroll Taxes$292,668$15,575-$308,243
Occupancy$276,637$16,880-$293,517
Current Officers, Directors, Trustees, and Key Employees-$223,182-$223,182
Other Employee Benefits$159,570$12,250-$171,820
Pension Plan Contributions$159,095$11,275-$170,370
All Other Expenses$127,024$13,733-$140,757
Depreciation Depletion$61,394--$61,394
Other Expenses$50,812$2,842-$50,812
Insurance$34,456$10,110-$44,566
Travel$5,829$514-$6,343
Total Functional Expenses$4,156,530$406,294$0$4,562,824

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,824,977
Expenses per Audited Statements$4,562,824
Total Expenses per Form 990$4,562,824
Expenses Not Reported on Form 990$262,153
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The Agencys Form 990 is prepared by its CPA and is reviewed and approved by the Fiscal Officer and the Executive Director. The final approved copy of this form is reviewed and approved by the Board of Trustees prior to filing.

Form 990, Part VI, Section B, Line 12C

The Board of Trustees is required to review the Agencys vendor listing at least annually and to sign a related conflict of interest disclosure statement.

Form 990, Part VI, Section B, Line 15A and 15B

The Executive Directors compensation is determined and approved by the Agencys Board of Trustees. Wage comparability studies are performed every three years for all employment categories and they are documented. The results of these studies, along with performance, are the basis for salary adjustments.

Form 990, Part VI, Section C, Line 19

The Agencys governing documents, conflict of interest policy and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Lake-Geauga United Head Start Inc
EIN
34-1098828
Phone
4405519600
Address
7757 Auburn Road Suite 27, Concord Township, OH 44077

Signing Officer

Name
Laura Hopkins
Title
Executive Director
Phone
4405519600
Signed
2023-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Hopkins
Formed
1971
Legal Domicile
Oh
Voting Board Members
11
Independent Board Members
11
Employees
94
Volunteers
884

Preparer

Firm
Laura J MacDonald CPA Inc
Address
3637 Medina Road Suite 25, Medina, OH 44256
Preparer
Laura J MacDonald
Phone
3307603478
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Lake-Geauga United Head Start, Inc. the Agency was formed on September 10, 1971 as a private, non-profit organization for the purpose of operating a Federal Head Start program. This program provides comprehensive health, educational, nutritional, social and other services to economically disadvantaged young children and their families. Federal grant revenue represents the Agencys most significant source of funding and accounted for 99 of total revenues, excluding in-kind contributions, during the year ended December 31, 2022.

Form 990, Part III, Line 4A

Head Start is a Federally funded comprehensive developmental preschool program for income eligible children ages 3-5 and their families. Lake-Geauga United Head Start, Inc. receives grants from the Federal Department of Health and Human Services for the operation of this program. There is no fee for income eligible families in this program that was designed in 1965 to primarily serve children from at-risk families. Head Start has served as a role model for early childhood development programs. Although targeted for children from income eligible families, the program may accept up to 10 of its enrollment from families who exceed federal income guidelines. In addition, at least 10 of the children enrolled must be identified as having certifiable disabilities in such areas as speech, hearing, vision or physical disabilities. Follow-up treatment is provided for certain identified health and dental problems. A wide range of services encompassing the major component areas of Head Start including education, health and nutrition, disabilities and mental health, parent involvement and social services are provided for enrolled children and their families. During 2021, Lake-Geauga United Head Start served 325 children under this program

Financial Statement Notes

X 2

The Agency has adopted the provisions of FASB ASC 740-10-25 that requires the disclosure of uncertain tax positions. There have been no interest or penalties recognized in the accompanying Statements of Financial Position or in the Statements of Activities relating to uncertain tax positions. Additionally, no tax positions exist for which it is reasonably possible that the total amount of unrecognized tax benefits will significantly increase or decrease during the next 12 months.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgSrvcAccomActy3Grp/Desc0Child Care Stabilization Grant provides financial relief to help defray addtiional pandemic related costs.
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IRS990ScheduleA/FactsAndCircumstancesTestTxt0Part II Section A Line 10 Other income for the years ended December 31, 2018 - 2022 consists exclusively of misc. revenue.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Agency has adopted the provisions of FASB ASC 740-10-25 that requires the disclosure of uncertain tax positions. There have been no interest or penalties recognized in the accompanying Statements of Financial Position or in the Statements of Activities relating to uncertain tax positions. Additionally, no tax positions exist for which it is reasonably possible that the total amount of unrecognized tax benefits will significantly increase or decrease during the next 12 months.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Lake-Geauga United Head Start, Inc. the Agency was formed on September 10, 1971 as a private, non-profit organization for the purpose of operating a Federal Head Start program. This program provides comprehensive health, educational, nutritional, social and other services to economically disadvantaged young children and their families. Federal grant revenue represents the Agencys most significant source of funding and accounted for 99 of total revenues, excluding in-kind contributions, during the year ended December 31, 2022.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Head Start is a Federally funded comprehensive developmental preschool program for income eligible children ages 3-5 and their families. Lake-Geauga United Head Start, Inc. receives grants from the Federal Department of Health and Human Services for the operation of this program. There is no fee for income eligible families in this program that was designed in 1965 to primarily serve children from at-risk families. Head Start has served as a role model for early childhood development programs. Although targeted for children from income eligible families, the program may accept up to 10 of its enrollment from families who exceed federal income guidelines. In addition, at least 10 of the children enrolled must be identified as having certifiable disabilities in such areas as speech, hearing, vision or physical disabilities. Follow-up treatment is provided for certain identified health and dental problems. A wide range of services encompassing the major component areas of Head Start including education, health and nutrition, disabilities and mental health, parent involvement and social services are provided for enrolled children and their families. During 2021, Lake-Geauga United Head Start served 325 children under this program
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Agencys Form 990 is prepared by its CPA and is reviewed and approved by the Fiscal Officer and the Executive Director. The final approved copy of this form is reviewed and approved by the Board of Trustees prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board of Trustees is required to review the Agencys vendor listing at least annually and to sign a related conflict of interest disclosure statement.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Executive Directors compensation is determined and approved by the Agencys Board of Trustees. Wage comparability studies are performed every three years for all employment categories and they are documented. The results of these studies, along with performance, are the basis for salary adjustments.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Agencys governing documents, conflict of interest policy and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part I, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part III, Line 4a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15a and 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
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