Civic Intelligence

Little Buns Inc.

990 • Fiscal year 2019 • EIN 35-1851458

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 21, 2020

12289 Hancock Street Suite 36Carmel, IN 46032

(317) 663-8276

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.97x

Higher debt load relative to assets than 92% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

48th percentile

0.08x

Higher debt load relative to revenue than 48% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

39th percentile

-0.0%

Higher net margin than 39% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

73rd percentile

14%

Faster asset growth than 73% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

58th percentile

7.7%

Faster revenue growth than 58% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$346,462

Up $42,801 (+14%) from 2018

Net Assets

Down

$10,332

Down $181 (-1.7%) from 2018

Liabilities

Up

$336,130

Up $42,982 (+15%) from 2018

Revenue

Up

$4,261,106

Up $303,738 (+7.7%) from 2018

Expenses

Up

$4,261,287

Up $279,548 (+7.0%) from 2018

Net Income

Up

-$181

Up $24,190 (+99%) from 2018

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 2019: $346,462Liabilities 2019: $336,130Net Assets 2019: $10,3322019Assets 2022: $688,744Liabilities 2022: $763,945Net Assets 2022: -$75,2012022Assets 2024: $1,075,850Liabilities 2024: $910,591Net Assets 2024: $165,2592024

Highlighted filing

2019

Assets$346,462
Liabilities$336,130
Net Assets$10,332

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 2019: $4,261,106Expenses 2019: $4,261,287Net Income 2019: -$1812019Revenue 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

2019

Revenue$4,261,106
Expenses$4,261,287
Net Income-$181
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 21, 2020
Return Version
2019v5.0
Gross Receipts
$4,261,106
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.

To promote healthy eating to children ages birth-12 years of age by offering reimbursement through the usda child and adult care food program to qualified family child care providers, centers and day care ministries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$276,629$314,824▲ $38,195
Cash and Non-Interest-Bearing Accounts$22,697$27,946▲ $5,249
Land, Buildings, and Equipment, Net$4,335$3,692▼ $643
Total Assets$303,661$346,462▲ $42,801
Liabilities
Grants Payable$269,571$311,040▲ $41,469
Other Liabilities$23,577$25,090▲ $1,513
Total Liabilities$293,148$336,130▲ $42,982
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,513$10,332▼ $181
Total Net Assets Fund Balance$10,513$10,332▼ $181
Total Liabilities and Net Assets / Fund Balance$303,661$346,462▲ $42,801

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,692$11,193$14,885
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sherry ScottChairperson
Maxine JeglumExecutive Di
Mary Ann MccallisterSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$4,261,070
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$36
Change in Net Assets
$-181
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,731,038
Salaries, Compensation, and Employee Benefits$418,340
Other Expenses$111,909
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$3,731,038--$3,731,038
Other Salaries and Wages$300,243$32,340-$332,583
Other Employee Benefits$53,057$4,902-$57,959
Office Expenses$16,254$16,697-$32,951
Payroll Taxes$25,115$2,683-$27,798
Other Expenses-$26,977-$26,977
Occupancy-$21,718-$21,718
Conferences and Meetings-$17,333-$17,333
Fees for Services Accounting$2,152$10,135-$12,287
Depreciation Depletion-$643-$643
Total Functional Expenses$4,127,859$133,428$0$4,261,287
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
Accrued Wages Payable$25,090
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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, Page 6, Part VI, Line 11B

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

Form 990, Page 6, Part VI, Line 12C

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

Form 990, Page 6, Part VI, Line 15A

The board of directors approves increase in salary the the executive director.

Form 990, Page 6, Part VI, Line 15B

The board of directors approves increase in salaries.

Form 990, Page 6, Part VI, Line 19

Consistent with 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 avaible to the individuals requesting them maiking an appointment with the executive director.

Filing and Contact Details

Filer

Filer Name
Little Buns Inc
EIN
35-1851458
Phone
3176638276
Address
12289 HANCOCK STREET SUITE 36, CARMEL, IN 46032

Signing Officer

Name
Maxine Jeglum
Title
Executive Director
Phone
7654812114
Signed
2020-09-21

Organization Details

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

Preparer

Firm
Crace Beam Cpas LLC
Address
9763 WESTPOINT DRIVE, INDIANAPOLIS, IN 46256
Preparer
Jason L Crace CPA
Phone
3179913322
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION WILL EMAIL A COPY OF THE 990 TO ALL BOARD MEMBERS. THE BOARD MEMBERS WILL ELECTRONICALLY RESPOND BACK TO THE CLIENT WHETHER THEY APPROVE OR NOT APPROVE THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH MEMBER OF THE BOARD OF DIRECTORS SIGNS A CONFLICT OF INTEREST STATEMENT AT THE BEGINNING OF EACH MEMBERS TERM. IN ADDITION, EACH MEMBER MUST DISCLOSE ANY INFLUENCE THEY MAY HAVE OVER MATERIAL BUSINESS TRANSACTIONS AS SOON AS POSSIBLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS APPROVES INCREASE IN SALARY THE THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS APPROVES INCREASE IN SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONSISTENT WITH 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 AVAIBLE TO THE INDIVIDUALS REQUESTING THEM MAIKING AN APPOINTMENT WITH THE EXECUTIVE DIRECTOR.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalFunctionalExpensesGrp/TotalAmt04261287
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0293148
IRS990/TotalLiabilitiesEOYAmt0336130
IRS990/TotalLiabilitiesGrp/BOYAmt0293148
IRS990/TotalLiabilitiesGrp/EOYAmt0336130
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010513
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt010332
IRS990/TotalProgramServiceExpensesAmt04127859
IRS990/TotalRevenueGrp/ExclusionAmt036
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04261106
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0303661
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0346462
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.LITTLEBUNSINC.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MAXINE JEGLUM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07654812114
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-09-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LITTLE BUNS INC
ReturnHeader/Filer/BusinessNameControlTxt0LITT
ReturnHeader/Filer/EIN0351851458
ReturnHeader/Filer/PhoneNum03176638276
ReturnHeader/Filer/USAddress/AddressLine1Txt012289 HANCOCK STREET SUITE 36
ReturnHeader/Filer/USAddress/CityNm0CARMEL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046032
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0250421F0F7944D2F1B5D744DAA01AB73C0BFE177
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0F498AAF4A6C90CBBBC5031C49D25E9743D3B1FDA
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt052.37.240.203
ReturnHeader/FilingSecurityInformation/IPDt02020-09-23
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm008:39:39
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0262182951
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CRACE BEAM CPAS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09763 WESTPOINT DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046256
ReturnHeader/PreparerPersonGrp/PhoneNum03179913322
ReturnHeader/PreparerPersonGrp/PreparationDt02020-09-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JASON L CRACE CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-09-23T08:39:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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