Civic Intelligence

Precious Memories Child Care Inc

EIN 47-0723456 • 501(c)3 • Omaha, NE

Profile

The organization provides day care services to low income families who many times have no where else to turn for support. Many of the children served have special needs and require special care that is not available in other day care facilities.

2869 Vane StOmaha, NE 68112

na

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2021

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

11th percentile

-72%

Higher net margin than 11% of similar nonprofits.

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

Top Officer Pay

92nd percentile

$42,374

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 23.7% of source-year revenue.

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

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

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

Revenue Growth

17th percentile

-52%

Faster revenue growth than 17% of similar nonprofits.

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

Assets

Down

$0

Down $128,828 (-100%) from 2020

Liabilities

Up

$0

Up $801 (+100%) from 2020

Net Assets

Down

$0

Down $129,629 (-100%) from 2020

Revenue

Down

$178,939

Down $196,234 (-52%) from 2020

Expenses

Down

$308,568

Down $42,861 (-12%) from 2020

Net Income

Down

-$129,629

Down $153,373 (-646%) from 2020

Trend Graphs

Balance Sheet Trend

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

$150K$100K$50K$0-$50KAssets 2010: $68,250Liabilities 2010: $13,069Net Assets 2010: $55,1812010Assets 2011: $49,870Liabilities 2011: $38,809Net Assets 2011: $11,0612011Assets 2012: $33,896Liabilities 2012: $48,235Net Assets 2012: -$14,3392012Assets 2013: $26,792Liabilities 2013: $40,410Net Assets 2013: -$13,6182013Assets 2014: $19,157Liabilities 2014: $11,815Net Assets 2014: $7,3422014Assets 2015: $6,104Liabilities 2015: $8,918Net Assets 2015: -$2,8142015Assets 2016: $31,391Liabilities 2016: $4,280Net Assets 2016: $27,1112016Assets 2017: $37,563Liabilities 2017: $6,341Net Assets 2017: $31,2222017Assets 2018: $59,086Liabilities 2018: $2,015Net Assets 2018: $57,0712018Assets 2019: $106,455Liabilities 2019: $571Net Assets 2019: $105,8842019Assets 2020: $128,828Liabilities 2020: -$801Net Assets 2020: $129,6292020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $473,9852010Expenses 2011: $416,7552011Expenses 2012: $259,7272012Revenue 2013: $278,217Expenses 2013: $277,496Net Income 2013: $7212013Revenue 2014: $269,570Expenses 2014: $248,610Net Income 2014: $20,9602014Revenue 2015: $250,932Expenses 2015: $261,088Net Income 2015: -$10,1562015Revenue 2016: $317,320Expenses 2016: $287,395Net Income 2016: $29,9252016Revenue 2017: $330,644Expenses 2017: $326,533Net Income 2017: $4,1112017Revenue 2018: $420,510Expenses 2018: $394,661Net Income 2018: $25,8492018Revenue 2019: $435,656Expenses 2019: $386,846Net Income 2019: $48,8102019Revenue 2020: $375,173Expenses 2020: $351,429Net Income 2020: $23,7442020Revenue 2021: $178,939Expenses 2021: $308,568Net Income 2021: -$129,6292021

Highlighted filing

2021

Revenue$178,939
Expenses$308,568
Net Income-$129,629

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 11, 2022
Return Version
2021v4.2
Gross Receipts
$212,258
Mission and Program Overview

Mission

The organization provides day care services to low income families who many times have no where else to turn for support. Many of the children served have special needs and require special care that is not available in other day care facilities.

The mission of the organization is to provide quality child care services to the low income families it serves and to help the parents of the children served become better parents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$129,629$0▼ $129,629
Cash and Non-Interest-Bearing Accounts$91,441$0▼ $91,441
Land, Buildings, and Equipment, Net$35,387$0▼ $35,387
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$128,828$0▼ $128,828
Other Assets Total$2,000$0▼ $2,000
Liabilities
Accounts Payable and Accrued Expenses$-801$0▲ $801
Total Liabilities$-801$0▲ $801
Net Assets / Fund Balance
Total Net Assets Fund Balance$129,629$0▼ $129,629
Total Liabilities and Net Assets / Fund Balance$128,828$0▼ $128,828
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rachel SnowDirectorFT$42,374$42,374

Board Members and Trustees

NameTitle
Patrick Fullenkamp-stillPresident
Kathy CaskellDirector
Kimberly FrancoTreasurer/director
Dr Brett KuhnTrustee
James MonahanTrustee
Kathy BeersTrustee
Anne SeveresSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$212,254
Investment Income
$-33,315
Other Revenue
$0
Change in Net Assets
$-129,629
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$195,192
Other Expenses$113,376
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$166,908$4,237-$171,145
Occupancy$46,978--$46,978
Depreciation Depletion$20,068--$20,068
Payroll Taxes$13,121$324-$13,445
Other Employee Benefits$602$10,000-$10,602
Office Expenses$4,715--$4,715
Fees for Services Accounting-$2,025-$2,025
Conferences and Meetings$405$624-$1,029
Other Expenses$3,555$355-$355
Fees for Services Legal-$255-$255
All Other Expenses$1--$1
Total Functional Expenses$290,748$17,820$0$308,568
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Former Executive Director and Vice President of Board of DirectorsThe Organization Leases Its Facilities From the Former Executive Director, and Estate of Verna Kephart.No$35,000

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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

Governance Explanations

Form 990, Part VI, Section A, Line 2

Former vice president, verna kephart, is related to treasurer, kimberly franco.

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

The organization's executive director reviews the 990 with the tax preparer of the 990.

Form 990, Part VI, Section C, Line 19

Information relating to the organization's activities and children served is prepared annually by the executive director. The information is made available to interested parties upon request.

Filing and Contact Details

Filer

Filer Name
Precious Memories Child Care Inc
EIN
47-0723456
Phone
4023417720
Address
2869 VANE ST, OMAHA, NE 68112

Signing Officer

Name
Rachel Snow
Title
Director
Phone
4029266727
Signed
2022-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rachel Snow
Formed
1988
Legal Domicile
Ne
Voting Board Members
8
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Berger Elliott & Pritchard Cpas LLC
Address
1301 S 75TH STREET SUITE 200, OMAHA, NE 68124
Preparer
Robert H Berger CPA
Phone
4025511919
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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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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt019339
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt060171
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01703855
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt060171
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt014461
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt017959
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt08412
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt019339
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt060171
IRS990ScheduleA/TotalSupportAmt060171
IRS990/ScheduleBRequiredInd00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0KIMBERLY FRANCO RECEIVED $10,000
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 4B
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0VERNA KEPHART
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0FORMER EXECUTIVE DIRECTOR AND VICE PRESIDENT OF BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt035000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0THE ORGANIZATION LEASES ITS FACILITIES FROM THE FORMER EXECUTIVE DIRECTOR, AND ESTATE OF VERNA KEPHART.
IRS990ScheduleN/AssetsDistributedInd00
IRS990ScheduleN/AttorneyGeneralNotifiedInd00
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd00
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0ALL ASSETS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02021-07-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt00
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0NONE. ASSETS LIQUIDATED AT CLOSING
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORMER VICE PRESIDENT, VERNA KEPHART, IS RELATED TO TREASURER, KIMBERLY FRANCO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S EXECUTIVE DIRECTOR REVIEWS THE 990 WITH THE TAX PREPARER OF THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INFORMATION RELATING TO THE ORGANIZATION'S ACTIVITIES AND CHILDREN SERVED IS PREPARED ANNUALLY BY THE EXECUTIVE DIRECTOR. THE INFORMATION IS MADE AVAILABLE TO INTERESTED PARTIES UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NE
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt0128828
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt0128828
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt017820
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0290748
IRS990/TotalFunctionalExpensesGrp/TotalAmt0308568
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0-801
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt0-801
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0129629
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0290748
IRS990/TotalProgramServiceRevenueAmt0212254
IRS990/TotalReportableCompFromOrgAmt042374
IRS990/TotalRevenueGrp/ExclusionAmt0212258
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-33319
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0178939
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0128828
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02869 VANE ST
IRS990/USAddress/CityNm0OMAHA
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd068112
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0NA
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RACHEL SNOW
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04029266727
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PRECIOUS MEMORIES CHILD CARE INC
ReturnHeader/Filer/BusinessNameControlTxt0PREC
ReturnHeader/Filer/EIN0470723456
ReturnHeader/Filer/PhoneNum04023417720
ReturnHeader/Filer/USAddress/AddressLine1Txt02869 VANE ST
ReturnHeader/Filer/USAddress/CityNm0OMAHA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NE
ReturnHeader/Filer/USAddress/ZIPCd068112
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0832666987
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BERGER ELLIOTT & PRITCHARD CPAS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01301 S 75TH STREET SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OMAHA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd068124
ReturnHeader/PreparerPersonGrp/PhoneNum04025511919
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT H BERGER CPA
ReturnHeader/ReturnTs02022-11-11T16:05:54-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RACHEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SNOW
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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