Civic Intelligence

Omaha Early Learning Centers Inc

990 • Fiscal year 2015 • EIN 47-1523974

Jan 01, 2015 to Dec 31, 2015 • Filed on Oct 24, 2016

Organization ProfileN/A
1612 North 24th StreetOmaha, NE 68110

(402) 905-9990

Siviq Scores

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

Liabilities / Assets

92nd percentile

1.01x

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

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

Liabilities / Revenue

92nd percentile

3.57x

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

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

Net Margin

26th percentile

-3.7%

Higher net margin than 26% of similar nonprofits.

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

Top Officer Pay

25th percentile

$62,014

Higher top officer pay than 25% 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

Score unavailable

No value available

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

Source year 2015

Revenue Growth

Score unavailable

No value available

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

Source year 2015

Balance Sheet
Liabilities / Assets92nd percentile

Assets

$9,449,373

No earlier filing loaded for comparison.

Net Assets

-$98,935

No earlier filing loaded for comparison.

Liabilities

$9,548,308

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin26th percentile

Revenue

$2,671,453

No earlier filing loaded for comparison.

Expenses

$2,770,388

No earlier filing loaded for comparison.

Net Income

-$98,935

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$15M$10M$5.0M$0-$5.0MAssets 2015: $9,449,373Liabilities 2015: $9,548,308Net Assets 2015: -$98,9352015Assets 2016: $9,259,445Liabilities 2016: $9,514,245Net Assets 2016: -$254,8002016Assets 2017: $8,686,483Liabilities 2017: $9,624,806Net Assets 2017: -$938,3232017Assets 2018: $11,083,664Liabilities 2018: $10,019,003Net Assets 2018: $1,064,6612018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2015

Assets$9,449,373
Liabilities$9,548,308
Net Assets-$98,935
Open 2015 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$10M$5.0M$0-$5.0MRevenue 2015: $2,671,453Expenses 2015: $2,770,388Net Income 2015: -$98,9352015Revenue 2016: $3,588,606Expenses 2016: $3,744,471Net Income 2016: -$155,8652016Revenue 2017: $3,567,575Expenses 2017: $4,251,098Net Income 2017: -$683,5232017Revenue 2018: $7,329,513Expenses 2018: $5,326,529Net Income 2018: $2,002,9842018Revenue 2019: $8,526,168Expenses 2019: $6,348,003Net Income 2019: $2,178,1652019

Highlighted filing

2015

Revenue$2,671,453
Expenses$2,770,388
Net Income-$98,935
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 24, 2016
Return Version
2015v2.1
Gross Receipts
$2,671,453
Mission and Program Overview

Mission

To provide safe, nurturing, and high-quality child care for infants and toddlers.

Omaha early learning centers, inc. (oelc) operates two early learning centers that provide data-driven practices, ongoing professional development, high-quality teaching practices and intensive family engagement. Oelc will serve as the first stage of birth to three for some of omaha's most at-risk young children and families, with special focus on the underserved population of omaha.

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets-$6,150,401-
Savings and Temporary Cash Investments-$3,014,152-
Pledges and Grants Receivable-$227,783-
Prepaid Expenses and Deferred Charges-$28,663-
Land, Buildings, and Equipment, Net$0$27,036▲ $27,036
Accounts Receivable-$1,250-
Cash and Non-Interest-Bearing Accounts-$88-
Total Assets$0$9,449,373▲ $9,449,373
Liabilities
Mortgage Notes Payable Secured by Investment Property-$9,317,507-
Accounts Payable and Accrued Expenses-$230,801-
Total Liabilities$0$9,548,308▲ $9,548,308
Net Assets / Fund Balance
Unrestricted Net Assets-$-98,935-
Total Net Assets Fund Balance$0$-98,935▼ $98,935
Total Liabilities and Net Assets / Fund Balance$0$9,449,373▲ $9,449,373

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$27,036$4,104$31,140
Compensation and Service Providers
Top Officer Pay25th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Melissa HenningsExecutive DirectorFT$53,497$8,517$62,014

Board Members and Trustees

NameTitle
Jessie RasmussenPresident
Eva LesterSecretary
Susan MullinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,221,116
Program Service Revenue
$1,450,337
Investment Income
$0
Other Revenue
$0
All Other Contributions
$788,350
Change in Net Assets
$-98,935

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,671,453
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$158,264
Total Revenue per Audited Statements
$2,829,717
Total Revenue per Form 990
$2,671,453
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,096,657
Other Expenses$673,408
Grants and Similar Amounts Paid$323
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,385,674$335,160-$1,720,834
Office Expenses$181,723$87,891-$269,614
Other Employee Benefits$135,873$37,084-$172,957
Payroll Taxes$108,277$32,575-$140,852
Interest-$129,544-$129,544
Other Expenses$123,322--$123,322
Current Officers, Directors, Trustees, and Key Employees-$62,014-$62,014
Fees for Services Other$15,614$35,754-$51,368
Conferences and Meetings$36,944$8,269-$45,213
Depreciation Depletion-$16,912-$16,912
Fees for Services Accounting-$10,417-$10,417
All Other Expenses$5,356$3,840-$9,196
Travel$6,648$2,292-$8,940
Fees for Services Legal-$6,722-$6,722
Occupancy$1,333$727-$2,060
Grants to Domestic Orgs$323--$323
Advertising$100--$100
Total Functional Expenses$2,001,187$769,201$0$2,770,388

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,928,652
Expenses per Audited Statements$2,770,388
Total Expenses per Form 990$2,770,388
Expenses Not Reported on Form 990$158,264
Expenses Not Reported on Financial Statements$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
Backup withholding compliance
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Jessie rasmussen, susan mullin, and eva lester are all employees of buffett early childhood fund (becf), a nebraska nonprofit corporation which is exempt from federal income tax under section 501(c)(3) of the irs code and is classified as a private foundation. Ms. Rasmussen serves as president of becf, while ms. Mullin is employed as director of operations and ms. Lester is director of program development.”

Form 990, Part VI, Section A, Line 3

“Omaha early learning centers, inc. (oelc) and nebraska early childhood collaborative (necc), llc, a nebraska limited liability company, owned by early childhood services, a nebraska non-profit corporation, entered into an agreement for which necc is responsible for administration and oversight of the early head start (ehs) program. Necc is to provide financial and program management information to the oelc on a monthly basis. Necc will work closely with the oelc to establish a budget, reconcile monthly (ehs) program expense reports and will determine the appropriate reimbursement rate per enrolled child using a compliant cost modeling system to successfully blend and braid multiple funding sources.”

Form 990, Part VI, Section B, Line 11

“The form 990 is prepared by the organization's public accounting firm. It is then reviewed by the president and presented to the board of directors for final review and approval prior to filing the return.”

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

“Board members are required to fill out a conflict of interest form on an annual basis.”

Form 990, Part VI, Section B, Line 15A

“Salary comparison data is reviewed to determine the executive director's compensation. The compensation amount is then reviewed and approved by the board of directors.”

Form 990, Part VI, Section C, Line 19

“The conflict of interest policy, governing statements and financial information are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Omaha Early Learning Centers Inc
EIN
47-1523974
Phone
4029059990
Address
1612 NORTH 24TH STREET, OMAHA, NE 68110

Signing Officer

Name
Gladys Haynes
Title
President
Phone
4029059990
Signed
2016-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gladys Haynes
Formed
2014
Legal Domicile
Ne
Voting Board Members
3
Independent Board Members
3
Employees
135
Volunteers
0

Preparer

Firm
Seim Johnson Llp
Address
18081 BURT STREET SUITE 200, OMAHA, NE 68022-4722
Preparer
Barbara J Fajen
Phone
4023302660
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The finance committee assumes responsibility for oversight of the audit.”

Financial Statement Notes

PART X, LINE 2:

“Omaha early learning centers, inc. (oelc) is a not-for-profit company as described in section 501(c)(3) of the internal revenue code (code) and has received a determination letter that it is exempt from federal income taxes on related income pursuant to section 501(a) of the code. The internal revenue service has established standards to be met to maintain oelc's tax exempt status. Oelc accounts for uncertainties in accounting for income tax assets and liabilities using guidance included in fasb asc topic, income taxes. Oelc recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. At december 31, 2015, oelc had no uncertain tax positions accrued.”

Raw XML Appendix354 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0OMAHA EARLY LEARNING CENTERS, INC. (OELC) IS A NOT-FOR-PROFIT COMPANY AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (CODE) AND HAS RECEIVED A DETERMINATION LETTER THAT IT IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE INTERNAL REVENUE SERVICE HAS ESTABLISHED STANDARDS TO BE MET TO MAINTAIN OELC'S TAX EXEMPT STATUS. OELC ACCOUNTS FOR UNCERTAINTIES IN ACCOUNTING FOR INCOME TAX ASSETS AND LIABILITIES USING GUIDANCE INCLUDED IN FASB ASC TOPIC, INCOME TAXES. OELC RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. AT DECEMBER 31, 2015, OELC HAD NO UNCERTAIN TAX POSITIONS ACCRUED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt027036
IRS990ScheduleD/TotalExpensesPerForm990Amt02770388
IRS990ScheduleD/TotalRevenuePerForm990Amt02671453
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02829717
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02928652
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JESSIE RASMUSSEN, SUSAN MULLIN, AND EVA LESTER ARE ALL EMPLOYEES OF BUFFETT EARLY CHILDHOOD FUND (BECF), A NEBRASKA NONPROFIT CORPORATION WHICH IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE IRS CODE AND IS CLASSIFIED AS A PRIVATE FOUNDATION. MS. RASMUSSEN SERVES AS PRESIDENT OF BECF, WHILE MS. MULLIN IS EMPLOYED AS DIRECTOR OF OPERATIONS AND MS. LESTER IS DIRECTOR OF PROGRAM DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OMAHA EARLY LEARNING CENTERS, INC. (OELC) AND NEBRASKA EARLY CHILDHOOD COLLABORATIVE (NECC), LLC, A NEBRASKA LIMITED LIABILITY COMPANY, OWNED BY EARLY CHILDHOOD SERVICES, A NEBRASKA NON-PROFIT CORPORATION, ENTERED INTO AN AGREEMENT FOR WHICH NECC IS RESPONSIBLE FOR ADMINISTRATION AND OVERSIGHT OF THE EARLY HEAD START (EHS) PROGRAM. NECC IS TO PROVIDE FINANCIAL AND PROGRAM MANAGEMENT INFORMATION TO THE OELC ON A MONTHLY BASIS. NECC WILL WORK CLOSELY WITH THE OELC TO ESTABLISH A BUDGET, RECONCILE MONTHLY (EHS) PROGRAM EXPENSE REPORTS AND WILL DETERMINE THE APPROPRIATE REIMBURSEMENT RATE PER ENROLLED CHILD USING A COMPLIANT COST MODELING SYSTEM TO SUCCESSFULLY BLEND AND BRAID MULTIPLE FUNDING SOURCES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM. IT IS THEN REVIEWED BY THE PRESIDENT AND PRESENTED TO THE BOARD OF DIRECTORS FOR FINAL REVIEW AND APPROVAL PRIOR TO FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS ARE REQUIRED TO FILL OUT A CONFLICT OF INTEREST FORM ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SALARY COMPARISON DATA IS REVIEWED TO DETERMINE THE EXECUTIVE DIRECTOR'S COMPENSATION. THE COMPENSATION AMOUNT IS THEN REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CONFLICT OF INTEREST POLICY, GOVERNING STATEMENTS AND FINANCIAL INFORMATION ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt09449373
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt09449373
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01221116
IRS990/TotalEmployeeCnt0135
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0769201
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02001187
IRS990/TotalFunctionalExpensesGrp/TotalAmt02770388
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt09548308
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt09548308
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-98935
IRS990/TotalOtherCompensationAmt08517
IRS990/TotalProgramServiceExpensesAmt02001187
IRS990/TotalProgramServiceRevenueAmt01450337
IRS990/TotalReportableCompFromOrgAmt053497
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01450337
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02671453
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09449373
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt02292
IRS990/TravelGrp/ProgramServicesAmt06648
IRS990/TravelGrp/TotalAmt08940
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-98935
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01612 NORTH 24TH STREET
IRS990/USAddress/CityNm0OMAHA
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd068110
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GLADYS HAYNES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04029059990
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OMAHA EARLY LEARNING CENTERS INC
ReturnHeader/Filer/BusinessNameControlTxt0OMAH
ReturnHeader/Filer/EIN0471523974
ReturnHeader/Filer/PhoneNum04029059990
ReturnHeader/Filer/USAddress/AddressLine1Txt01612 NORTH 24TH STREET
ReturnHeader/Filer/USAddress/CityNm0OMAHA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NE
ReturnHeader/Filer/USAddress/ZIPCd068110
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0476097913
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SEIM JOHNSON LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt018081 BURT STREET SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OMAHA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0680224722
ReturnHeader/PreparerPersonGrp/PhoneNum04023302660
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BARBARA J FAJEN
ReturnHeader/ReturnTs02016-10-31T14:06:31-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,449,373
Liabilities
$9,548,308
Net assets
-$98,935
Revenue
$2,671,453
Expenses
$2,770,388
Net income
-$98,935
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$8.53$6.35$2.18
2018Detailed filing. Detailed filing data is available for this year.$11.1$10.0$1.06$7.33$5.33$2.00
2017Detailed filing. Detailed filing data is available for this year.$8.69$9.62$0.94$3.57$4.25$0.68
2016Detailed filing. Detailed filing data is available for this year.$9.26$9.51$0.25$3.59$3.74$0.16
2015Detailed filing. Detailed filing data is available for this year.$9.45$9.55$0.10$2.67$2.77$0.10