Civic Intelligence

The Love Learning Centerdaycare

EIN 36-4239852 • 501(c)3 • Chicago, IL

990-N Coverage

Profile

To provide childcare and educational

228 E 61st StChicago, IL 60637

n/A

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.21x

Higher debt load relative to assets than 83% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

85th percentile

0.16x

Higher debt load relative to revenue than 85% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

11th percentile

-73%

Higher net margin than 11% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

90th percentile

$29,520

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 21.8% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

22nd percentile

-43%

Faster asset growth than 22% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

13th percentile

-65%

Faster revenue growth than 13% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$104,791

Down $80,021 (-43%) from 2020

Liabilities

Up

$21,547

Up $21,489 (+37050%) from 2020

Net Assets

Down

$83,244

Down $101,510 (-55%) from 2020

Revenue

Down

$135,212

Down $256,319 (-65%) from 2020

Expenses

Down

$233,300

Down $143,542 (-38%) from 2020

Net Income

Down

-$98,088

Down $112,777 (-768%) from 2020

Trend Graphs

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $607,454Liabilities 2011: $157,133Net Assets 2011: $450,3212011Assets 2012: $506,710Liabilities 2012: $26,262Net Assets 2012: $480,4482012Assets 2014: $351,715Liabilities 2014: $41,106Net Assets 2014: $310,6092014Assets 2015: $283,382Liabilities 2015: $17,175Net Assets 2015: $266,2072015Assets 2016: $260,611Liabilities 2016: $51,516Net Assets 2016: $209,0952016Assets 2017: $219,910Liabilities 2017: $88,746Net Assets 2017: $131,1642017Assets 2018: $209,719Liabilities 2018: $37,048Net Assets 2018: $172,6712018Assets 2019: $170,065Liabilities 2019: $0Net Assets 2019: $170,0652019Assets 2020: $184,812Liabilities 2020: $58Net Assets 2020: $184,7542020Assets 2021: $104,791Liabilities 2021: $21,547Net Assets 2021: $83,2442021

Highlighted filing

2021

Assets$104,791
Liabilities$21,547
Net Assets$83,244

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $916,9202011Expenses 2012: $937,8262012Revenue 2014: $620,087Expenses 2014: $700,264Net Income 2014: -$80,1772014Revenue 2015: $552,773Expenses 2015: $600,850Net Income 2015: -$48,0772015Revenue 2016: $489,235Expenses 2016: $546,347Net Income 2016: -$57,1122016Revenue 2017: $486,512Expenses 2017: $564,443Net Income 2017: -$77,9312017Revenue 2018: $541,444Expenses 2018: $499,937Net Income 2018: $41,5072018Revenue 2019: $565,813Expenses 2019: $568,419Net Income 2019: -$2,6062019Revenue 2020: $391,531Expenses 2020: $376,842Net Income 2020: $14,6892020Revenue 2021: $135,212Expenses 2021: $233,300Net Income 2021: -$98,0882021

Highlighted filing

2021

Revenue$135,212
Expenses$233,300
Net Income-$98,088

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 3, 2022
Return Version
2021v4.1
Gross Receipts
$135,212
Mission and Program Overview

Mission

To provide childcare and educational

To provide childcare and educational services to toddlers and pre-schoolers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$114,622$85,911▼ $28,711
Cash and Non-Interest-Bearing Accounts$70,190$18,880▼ $51,310
Total Assets$184,812$104,791▼ $80,021
Liabilities
Accounts Payable and Accrued Expenses$58$21,547▲ $21,489
Total Liabilities$58$21,547▲ $21,489
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$184,754$83,244▼ $101,510
Total Net Assets Fund Balance$184,754$83,244▼ $101,510
Total Liabilities and Net Assets / Fund Balance$184,812$104,791▼ $80,021

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$40,585-
Leasehold Improvements$85,911$344,765-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Burchell LovePresident/executive DirectorFT$29,520$29,520
Exermia FieldsDirector-$9,460$9,460

Board Members and Trustees

NameTitle
Almeda ArnoldDirector
Burdett MillerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$39,107
Program Service Revenue
$96,105
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-98,088
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$164,158
Salaries, Compensation, and Employee Benefits$69,142
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$40,082$40,081$0$80,163
Other Salaries and Wages$34,252$0$0$34,252
All Other Expenses$19,340$12,204$0$31,544
Current Officers, Directors, Trustees, and Key Employees$14,760$14,760$0$29,520
Depreciation Depletion$14,356$14,355$0$28,711
Payroll Taxes$4,114$1,256$0$5,370
Fees for Services Accounting$0$4,533$0$4,533
Other Expenses$3,107$0$0$3,107
Insurance$743$742$0$1,485
Office Expenses$0$779$0$779
Fees for Services Legal$0$500$0$500
Total Functional Expenses$142,632$90,668$0$233,300
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
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
The Love Learning Centerdaycare
EIN
36-4239852
Phone
7737520243
Address
228 E 61ST ST, CHICAGO, IL 60637

Signing Officer

Name
Dr Burchell Love
Title
President
Phone
7737520243
Signed
2022-03-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Burchell Love
Formed
1998
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
2
Employees
4
Volunteers
0

Preparer

Firm
LBL Financial Services - Chicago
Address
8046 S OGLESBY AVE, CHICAGO, IL 60617
Preparer
Kelly Love
Phone
7732178030
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

The Board consists of members and compensation is determined by researching the market rate for similar positions and a coming to an agreed upon amount by the Board's voting members.

Pt VI, Line 11B

Form 990 is presented for review and approval to the Board. At this time, all questions and concerns are addressed. A vote is taken and once approved, the form is filed with the appropriate governing agency.

Pt VI, Line 2

The Executive Director and 1 board member are related.

Form 990, Part IX, Line 24E

Repairs and maintenance 6912. 3456. 3456. 0.

Form 990, Part IX, Line 24E

Payroll service fees 1278. 979. 299. 0.

Form 990, Part IX, Line 24E

Supplies 7128. 7128. 0. 0.

Form 990, Part IX, Line 24E

Telephone 1628. 814. 814. 0.

Form 990, Part IX, Line 24E

Utilities 13925. 6963. 6962. 0.

Form 990, Part IX, Line 24E

BANK FEES 35. 0. 35. 0.

Form 990, Part IX, Line 24E

Other business expenses 313. 0. 313. 0.

Form 990, Part IX, Line 24E

Charitable contributions 325. 0. 325. 0.

Raw XML Appendix373 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board consists of members and compensation is determined by researching the market rate for similar positions and a coming to an agreed upon amount by the Board's voting members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 is presented for review and approval to the Board. At this time, all questions and concerns are addressed. A vote is taken and once approved, the form is filed with the appropriate governing agency.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Executive Director and 1 board member are related.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
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IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0184812
IRS990/TotalAssetsEOYAmt0104791
IRS990/TotalAssetsGrp/BOYAmt0184812
IRS990/TotalAssetsGrp/EOYAmt0104791
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt039107
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt090668
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0142632
IRS990/TotalFunctionalExpensesGrp/TotalAmt0233300
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt058
IRS990/TotalLiabilitiesEOYAmt021547
IRS990/TotalLiabilitiesGrp/BOYAmt058
IRS990/TotalLiabilitiesGrp/EOYAmt021547
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0184754
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt083244
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0142632
IRS990/TotalProgramServiceRevenueAmt096105
IRS990/TotalReportableCompFromOrgAmt038980
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt096105
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0135212
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0184812
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0104791
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03558 S KING DR
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060653
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DR BURCHELL LOVE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07737520243
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-03-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE LOVE LEARNING CENTERDAYCARE
ReturnHeader/Filer/BusinessNameControlTxt0LOVE
ReturnHeader/Filer/EIN0364239852
ReturnHeader/Filer/PhoneNum07737520243
ReturnHeader/Filer/USAddress/AddressLine1Txt0228 E 61ST ST
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060637
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202911542
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LBL Financial Services - Chicago
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08046 S OGLESBY AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHICAGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060617
ReturnHeader/PreparerPersonGrp/PhoneNum07732178030
ReturnHeader/PreparerPersonGrp/PreparationDt02022-03-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Kelly Love
ReturnHeader/ReturnTs02022-03-07T14:30:49-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DR BURCHELL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LOVE
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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