Civic Intelligence

Little Buns Inc.

990 • Fiscal year 2015 • EIN 35-1851458

Jan 01, 2015 to Dec 31, 2015 • Filed on Jul 25, 2016

423 Ransdell RoadLebanon, IN 46052

(765) 481-2114

Siviq Scores

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

Liabilities / Assets

87th percentile

0.84x

Higher debt load relative to assets than 87% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

22nd percentile

0.05x

Higher debt load relative to revenue than 22% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

39th percentile

0.1%

Higher net margin than 39% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

57th percentile

$133,846

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

2nd percentile

-37%

Faster asset growth than 2% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

48th percentile

2.7%

Faster revenue growth than 48% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Down

$346,469

Down $207,074 (-37%) from 2014

Net Assets

Up

$56,784

Up $7,044 (+14%) from 2014

Liabilities

Down

$289,685

Down $214,118 (-43%) from 2014

Revenue

Up

$5,764,634

Up $150,858 (+2.7%) from 2014

Expenses

Up

$5,757,590

Up $169,300 (+3.0%) from 2014

Net Income

Down

$7,044

Down $18,442 (-72%) from 2014

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 2015: $346,469Liabilities 2015: $289,685Net Assets 2015: $56,7842015Assets 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

2015

Assets$346,469
Liabilities$289,685
Net Assets$56,784

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 2015: $5,764,634Expenses 2015: $5,757,590Net Income 2015: $7,0442015Revenue 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

2015

Revenue$5,764,634
Expenses$5,757,590
Net Income$7,044
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 25, 2016
Return Version
2015v2.1
Gross Receipts
$5,764,634
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$538,216$308,337▼ $229,879
Cash and Non-Interest-Bearing Accounts$13,844$36,916▲ $23,072
Land, Buildings, and Equipment, Net$1,483$1,216▼ $267
Total Assets$553,543$346,469▼ $207,074
Liabilities
Accounts Payable and Accrued Expenses$503,803$289,685▼ $214,118
Total Liabilities$503,803$289,685▼ $214,118
Net Assets / Fund Balance
Unrestricted Net Assets$49,740$56,784▲ $7,044
Total Net Assets Fund Balance$49,740$56,784▲ $7,044
Total Liabilities and Net Assets / Fund Balance$553,543$346,469▼ $207,074

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,216$6,969$8,185
Other Land Buildings$0$2,200$2,200
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Vmaxine JeglumExecutive DirectorFT$126,885$6,961$133,846
Robert JeglumBusiness DirectorFT$101,650$1,383$103,033

Board Members and Trustees

NameTitle
P Dianne WigginsChairperson
Mary Kay MannSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$5,764,508
Program Service Revenue
$0
Investment Income
$26
Other Revenue
$100
Change in Net Assets
$7,044

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,764,634
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,764,634
Total Revenue per Form 990
$5,764,634
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,138,917
Salaries, Compensation, and Employee Benefits$449,310
Other Expenses$169,363
Total Fundraising Expense$2,246
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$5,138,917--$5,138,917
Other Salaries and Wages$204,724$19,123$1,125$224,972
Current Officers, Directors, Trustees, and Key Employees$115,465$10,785$634$126,884
Other Employee Benefits$42,644$3,983$234$46,861
Conferences and Meetings-$32,004-$32,004
Payroll Taxes$27,695$2,587$152$30,434
Fees for Services Management$25,454$2,587-$28,041
Occupancy-$20,256-$20,256
Pension Plan Contributions$18,344$1,714$101$20,159
Office Expenses$1,586$14,627-$16,213
All Other Expenses-$6,081-$6,081
Other Expenses$28,946$5,073-$5,073
Depreciation Depletion-$267-$267
Total Functional Expenses$5,603,775$151,569$2,246$5,757,590

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,757,590
Total Expenses per Audited Statements$5,757,590
Total Expenses per Form 990$5,757,590
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
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

Filer Name
Little Buns Inc
EIN
35-1851458
Phone
7654812114
Address
423 RANSDELL ROAD, LEBANON, IN 46052

Signing Officer

Name
V Maxine Jeglum
Title
Executive Director
Phone
7654812114
Signed
2016-07-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
V Maxine Jeglum
Formed
1993
Legal Domicile
In
Voting Board Members
3
Independent Board Members
3
Employees
11
Volunteers
0

Preparer

Firm
Vonlehman & Company Inc
Address
8250 WOODFIELD CROSSING BLVD SUITE, 300, INDIANAPOLIS, IN 46240
Preparer
Stephanie Allgeyer
Phone
3174690169
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process did not change during the tax year.

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.

Raw XML Appendix389 raw XML fields

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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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt01216
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06969
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08185
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05757590
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02200
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02200
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05764634
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/TotalBookValueLandBuildingsAmt01216
IRS990ScheduleD/TotalExpensesPerForm990Amt05757590
IRS990ScheduleD/TotalRevenuePerForm990Amt05764634
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05764634
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05757590
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt05138917
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0HOME DAYCARE PROGRAM
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0NOT APPLICABLE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0296
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0NOT APPLICABLE
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 PROCESS DID NOT CHANGE DURING THE TAX YEAR.
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/TotalAssetsBOYAmt0553543
IRS990/TotalAssetsEOYAmt0346469
IRS990/TotalAssetsGrp/BOYAmt0553543
IRS990/TotalAssetsGrp/EOYAmt0346469
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt05764508
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02246
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0151569
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05603775
IRS990/TotalFunctionalExpensesGrp/TotalAmt05757590
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0503803
IRS990/TotalLiabilitiesEOYAmt0289685
IRS990/TotalLiabilitiesGrp/BOYAmt0503803
IRS990/TotalLiabilitiesGrp/EOYAmt0289685
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt049740
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt056784
IRS990/TotalOtherCompensationAmt08344
IRS990/TotalProgramServiceExpensesAmt05603775
IRS990/TotalReportableCompFromOrgAmt0228535
IRS990/TotalRevenueGrp/ExclusionAmt026
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0100
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05764634
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0553543
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0346469
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt049740
IRS990/UnrestrictedNetAssetsGrp/EOYAmt056784
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0423 RANSDELL ROAD
IRS990/USAddress/CityNm0LEBANON
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046052
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.LITTLEBUNSINC.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0V MAXINE JEGLUM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07654812114
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-07-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LITTLE BUNS INC
ReturnHeader/Filer/BusinessNameControlTxt0LITT
ReturnHeader/Filer/EIN0351851458
ReturnHeader/Filer/PhoneNum07654812114
ReturnHeader/Filer/USAddress/AddressLine1Txt0423 RANSDELL ROAD
ReturnHeader/Filer/USAddress/CityNm0LEBANON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046052
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0310905417
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VONLEHMAN & COMPANY INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08250 WOODFIELD CROSSING BLVD SUITE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine2Txt0300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046240
ReturnHeader/PreparerPersonGrp/PhoneNum03174690169
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEPHANIE ALLGEYER
ReturnHeader/ReturnTs02016-08-02T10:48:40-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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