Civic Intelligence

Little Buns Inc.

990 • Fiscal year 2013 • EIN 35-1851458

Jan 01, 2013 to Dec 31, 2013 • Filed on Jul 17, 2014

423 Ransdell Road46052

(765) 481-2114

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

90th percentile

0.95x

Higher debt load relative to assets than 90% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Liabilities / Revenue

31st percentile

0.08x

Higher debt load relative to revenue than 31% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Net Margin

40th percentile

0.3%

Higher net margin than 40% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Top Officer Pay

62nd percentile

$137,662

Higher top officer pay than 62% of similar nonprofits.

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

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Asset Growth

70th percentile

9.3%

Faster asset growth than 70% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$456,178

Up $38,877 (+9.3%) from 2012

Net Assets

Down

$24,254

Down $14,256 (-37%) from 2012

Liabilities

Up

$431,924

Up $53,133 (+14%) from 2012

Revenue

$5,293,501

No earlier filing loaded for comparison.

Expenses

Up

$5,278,749

Up $372,988 (+7.6%) from 2012

Net Income

$14,752

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0-$500KAssets 2011: $400,042Liabilities 2011: $367,155Net Assets 2011: $32,8872011Assets 2012: $417,301Liabilities 2012: $378,791Net Assets 2012: $38,5102012Assets 2013: $456,178Liabilities 2013: $431,924Net Assets 2013: $24,2542013Assets 2014: $553,543Liabilities 2014: $503,803Net Assets 2014: $49,7402014Assets 2016: $727,932Liabilities 2016: $711,058Net Assets 2016: $16,8742016Assets 2017: $321,079Liabilities 2017: $286,195Net Assets 2017: $34,8842017Assets 2018: $303,661Liabilities 2018: $293,148Net Assets 2018: $10,5132018Assets 2022: $688,744Liabilities 2022: $763,945Net Assets 2022: -$75,2012022Assets 2024: $1,075,850Liabilities 2024: $910,591Net Assets 2024: $165,2592024

Highlighted filing

2013

Assets$456,178
Liabilities$431,924
Net Assets$24,254

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $4,298,9572011Expenses 2012: $4,905,7612012Revenue 2013: $5,293,501Expenses 2013: $5,278,749Net Income 2013: $14,7522013Revenue 2014: $5,613,776Expenses 2014: $5,588,290Net Income 2014: $25,4862014Revenue 2016: $4,094,718Expenses 2016: $4,134,628Net Income 2016: -$39,9102016Revenue 2017: $4,358,841Expenses 2017: $4,340,831Net Income 2017: $18,0102017Revenue 2018: $3,957,368Expenses 2018: $3,981,739Net Income 2018: -$24,3712018Revenue 2022: $3,633,354Expenses 2022: $3,693,849Net Income 2022: -$60,4952022Revenue 2024: $4,720,837Expenses 2024: $4,606,003Net Income 2024: $114,8342024

Highlighted filing

2013

Revenue$5,293,501
Expenses$5,278,749
Net Income$14,752
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jul 17, 2014
Return Version
2013v3.0
Gross Receipts
$5,293,501
Mission and Program Overview

Mission

The organization is a sponsor of home day cares to the child care food program, a usda program, administered by the state of indiana's department of education.

The organization is a sponsor of home day cares to the child care food program, as usda program, administered by the state of indiana's department of education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$393,206$444,088▲ $50,882
Cash and Non-Interest-Bearing Accounts$20,579$9,960▼ $10,619
Land, Buildings, and Equipment, Net$3,150$2,130▼ $1,020
Prepaid Expenses and Deferred Charges$366$0▼ $366
Total Assets$417,301$456,178▲ $38,877
Liabilities
Accounts Payable and Accrued Expenses$378,791$424,924▲ $46,133
Other Liabilities$0$7,000▲ $7,000
Total Liabilities$378,791$431,924▲ $53,133
Net Assets / Fund Balance
Unrestricted Net Assets$38,510$24,254▼ $14,256
Total Net Assets Fund Balance$38,510$24,254▼ $14,256
Total Liabilities and Net Assets / Fund Balance$417,301$456,178▲ $38,877

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,983$6,202$8,185
Other Land Buildings$147$2,053$2,200
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert JeglumBusiness DirectorFT$127,620$10,042$137,662
Vmaxine JeglumExecutive DirectorFT$113,450$8,904$122,354

Board Members and Trustees

NameTitle
Patricia D WigginsPresident
Mary Kay MannVice President
Nancy BlandBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$5,293,485
Program Service Revenue
$0
Investment Income
$16
Other Revenue
$0
All Other Contributions
$635
Change in Net Assets
$14,752

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,293,501
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,293,501
Total Revenue per Form 990
$5,293,501
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,791,639
Salaries, Compensation, and Employee Benefits$361,674
Other Expenses$125,436
Total Fundraising Expense$11,250
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$4,791,639--$4,791,639
Other Salaries and Wages-$173,592$2,493$176,085
Current Officers, Directors, Trustees, and Key Employees-$107,777$5,673$113,450
Travel-$30,309-$30,309
Other Employee Benefits-$27,637$1,455$29,092
Payroll Taxes-$22,944$657$23,601
Office Expenses-$22,813-$22,813
Fees for Services Accounting-$22,200-$22,200
Pension Plan Contributions-$18,474$972$19,446
Occupancy-$16,137-$16,137
Other Expenses-$1,620-$1,620
Insurance-$1,095-$1,095
Depreciation Depletion-$1,020-$1,020
Advertising-$787-$787
Total Functional Expenses$4,791,639$475,860$11,250$5,278,749

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,278,749
Total Expenses per Audited Statements$5,278,749
Total Expenses per Form 990$5,278,749
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Related Party Payable$7,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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 A, Line 2

Organization leases building and autos from the spouse of the executive director's company. Also, husband is an employee of little buns, inc.

Form 990, Part VI, Section B, Line 11

Organization will email a copy of the 990 out to all board members. The board members will electronically respond back to the client whether they approve or not approve the 990.

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

Each member of the board of directors signs a conflict of interest statement at the beginning of each member's term. In addition, each member must disclose any influence they may have over material business transacations as soon as possible.

Form 990, Part VI, Section B, Line 15

Board of director approves increase in salary to executive director.

Form 990, Part VI, Section C, Line 19

Consistent with the requirements of section 6104(d) of the internal revenue code and regulations thereunder, copies of the irs form 990 and application for exemption shall be made available, upon request, in a timely manner, and subject to the charges permitted by law to any individuals who request it. Other governing documents, conflict of interest policy, and financial statements are made available to the individuals requesting them by making an appointment with the executive director.

Filing and Contact Details

Filer

EIN
35-1851458
Phone
7654812114

Signing Officer

Name
V Maxine Jeglum
Title
Executive Director
Phone
7654812114
Signed
2014-07-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
V Maxine Jeglum
Formed
1993
Legal Domicile
In
Voting Board Members
4
Independent Board Members
4
Employees
7
Volunteers
0

Preparer

Preparer
Michael a Berlier
Phone
3174690169
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and the selection of an independent accountant.

Financial Statement Notes

PART X, LINE 2:

The organization files annual returns in the u.s. Federal and indiana jurisdictions. Currently the three prior tax years are open and subject to examination by the internal revenue service and the indiana department of revenue. However, the organization is not currently under audit nor has it been contacted by these jurisdictions. Based on the evaluation of the organization's tax positions, management believes all significant positions taken would be upheld under an examination.

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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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RELATED PARTY PAYABLE
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05293501
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION FILES ANNUAL RETURNS IN THE U.S. FEDERAL AND INDIANA JURISDICTIONS. CURRENTLY THE THREE PRIOR TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND THE INDIANA DEPARTMENT OF REVENUE. HOWEVER, THE ORGANIZATION IS NOT CURRENTLY UNDER AUDIT NOR HAS IT BEEN CONTACTED BY THESE JURISDICTIONS. BASED ON THE EVALUATION OF THE ORGANIZATION'S TAX POSITIONS, MANAGEMENT BELIEVES ALL SIGNIFICANT POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02130
IRS990ScheduleD/TotalExpensesPerForm990Amt05278749
IRS990ScheduleD/TotalLiabilityAmt07000
IRS990ScheduleD/TotalRevenuePerForm990Amt05293501
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05293501
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05278749
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt04791639
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0HOME DAYCARE PROGRAM
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0NOT APPLICABLE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0294
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FAIR MARKET VALUE
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0CLAIMS FOR REIMBURSEMENTS OF MEAL COST ARE SUBMITTED ELECTRONICALLY BY THE HOMEDAY CARE AND DAYCARE MINISTRIES. THE ORGANIZATION'S COMPUTER SOFTWARE RUNS EDIT CHECKS TO DETERMINE THAT AMOUNTS ARE PROPERLY BEING CALCULATED BASED ON PROGRAM GUIDELINES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION LEASES BUILDING AND AUTOS FROM THE SPOUSE OF THE EXECUTIVE DIRECTOR'S COMPANY. ALSO, HUSBAND IS AN EMPLOYEE OF LITTLE BUNS, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION WILL EMAIL A COPY OF THE 990 OUT TO ALL BOARD MEMBERS. THE BOARD MEMBERS WILL ELECTRONICALLY RESPOND BACK TO THE CLIENT WHETHER THEY APPROVE OR NOT APPROVE THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH MEMBER OF THE BOARD OF DIRECTORS SIGNS A CONFLICT OF INTEREST STATEMENT AT THE BEGINNING OF EACH MEMBER'S TERM. IN ADDITION, EACH MEMBER MUST DISCLOSE ANY INFLUENCE THEY MAY HAVE OVER MATERIAL BUSINESS TRANSACATIONS AS SOON AS POSSIBLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD OF DIRECTOR APPROVES INCREASE IN SALARY TO EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONSISTENT WITH THE REQUIREMENTS OF SECTION 6104(D) OF THE INTERNAL REVENUE CODE AND REGULATIONS THEREUNDER, COPIES OF THE IRS FORM 990 AND APPLICATION FOR EXEMPTION SHALL BE MADE AVAILABLE, UPON REQUEST, IN A TIMELY MANNER, AND SUBJECT TO THE CHARGES PERMITTED BY LAW TO ANY INDIVIDUALS WHO REQUEST IT. OTHER GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE INDIVIDUALS REQUESTING THEM BY MAKING AN APPOINTMENT WITH THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0417301
IRS990/TotalAssetsEOYAmt0456178
IRS990/TotalAssetsGrp/BOYAmt0417301
IRS990/TotalAssetsGrp/EOYAmt0456178
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt05293485
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt011250
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0475860
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04791639
IRS990/TotalFunctionalExpensesGrp/TotalAmt05278749
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0378791
IRS990/TotalLiabilitiesEOYAmt0431924
IRS990/TotalLiabilitiesGrp/BOYAmt0378791
IRS990/TotalLiabilitiesGrp/EOYAmt0431924
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt038510
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt024254
IRS990/TotalOtherCompensationAmt018946
IRS990/TotalProgramServiceExpensesAmt04791639
IRS990/TotalReportableCompFromOrgAmt0241070
IRS990/TotalRevenueGrp/ExclusionAmt016
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05293501
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0417301
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0456178
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt030309
IRS990/TravelGrp/TotalAmt030309
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt038510
IRS990/UnrestrictedNetAssetsGrp/EOYAmt024254
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10423 RANSDELL ROAD
IRS990/USAddress/City0LEBANON
IRS990/USAddress/State0IN
IRS990/USAddress/ZIPCode046052
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.LITTLEBUNSINC.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0V MAXINE JEGLUM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07654812114
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-07-17
ReturnHeader/Filer/BusinessName/BusinessNameLine10LITTLE BUNS INC
ReturnHeader/Filer/BusinessNameControlTxt0LITT
ReturnHeader/Filer/EIN0351851458
ReturnHeader/Filer/PhoneNum07654812114
ReturnHeader/Filer/USAddress/AddressLine10423 RANSDELL ROAD
ReturnHeader/Filer/USAddress/City0LEBANON
ReturnHeader/Filer/USAddress/State0IN
ReturnHeader/Filer/USAddress/ZIPCode046052
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0310905417
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10VONLEHMAN & COMPANY INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine108250 WOODFIELD CROSSING BLVD SUITE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine20300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode046240
ReturnHeader/PreparerPersonGrp/PhoneNum03174690169
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL A BERLIER
ReturnHeader/ReturnTs02014-08-11T13:51:40-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

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