Civic Intelligence

Omaha Early Learning Centers Inc

990 • Fiscal year 2018 • EIN 47-1523974

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 04, 2019

1111 N 13th Street No 128Omaha, NE 68102

(531) 301-3021

Siviq Scores

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

Liabilities / Assets

89th percentile

0.90x

Higher debt load relative to assets than 89% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

84th percentile

1.37x

Higher debt load relative to revenue than 84% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

82nd percentile

27%

Higher net margin than 82% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

34th percentile

$134,152

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

89th percentile

28%

Faster asset growth than 89% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

94th percentile

105%

Faster revenue growth than 94% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Up

$11,083,664

Up $2,397,181 (+28%) from 2017

Net Assets

Up

$1,064,661

Up $2,002,984 (+213%) from 2017

Liabilities

Up

$10,019,003

Up $394,197 (+4.1%) from 2017

Revenue

Up

$7,329,513

Up $3,761,938 (+105%) from 2017

Expenses

Up

$5,326,529

Up $1,075,431 (+25%) from 2017

Net Income

Up

$2,002,984

Up $2,686,507 (+393%) from 2017

Historical Trend

Balance Sheet Trend

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

2018

Assets$11,083,664
Liabilities$10,019,003
Net Assets$1,064,661

Operations Trend

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

2018

Revenue$7,329,513
Expenses$5,326,529
Net Income$2,002,984
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 4, 2019
Return Version
2018v3.1
Gross Receipts
$7,329,513
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 three 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$6,856,319$6,676,456▼ $179,863
Cash and Non-Interest-Bearing Accounts$215,532$2,908,437▲ $2,692,905
Savings and Temporary Cash Investments$1,155,807$947,731▼ $208,076
Accounts Receivable$439,083$471,680▲ $32,597
Prepaid Expenses and Deferred Charges$5,160$71,006▲ $65,846
Land, Buildings, and Equipment, Net$14,582$8,354▼ $6,228
Total Assets$8,686,483$11,083,664▲ $2,397,181
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,355,923$9,375,135▲ $19,212
Accounts Payable and Accrued Expenses$268,883$420,231▲ $151,348
Other Liabilities$0$200,000▲ $200,000
Deferred Revenue-$23,637-
Total Liabilities$9,624,806$10,019,003▲ $394,197
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$1,650,000-
Unrestricted Net Assets$-938,323$-585,339▲ $352,984
Total Net Assets Fund Balance$-938,323$1,064,661▲ $2,002,984
Total Liabilities and Net Assets / Fund Balance$8,686,483$11,083,664▲ $2,397,181

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,354$22,786$31,140
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer SturgeonExecutive DirectorFT$130,218$3,934$134,152

Board Members and Trustees

NameTitle
Terry BurtonBoard Chair
Jorja Brazda-wittersBoard Vice Chair
Helen RaikesDirector
Othello MeadowsDirector
Susan MullinSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,666,658
Program Service Revenue
$1,662,855
Investment Income
$0
Other Revenue
$0
All Other Contributions
$4,497,726
Change in Net Assets
$2,002,984
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,191,713
Other Expenses$1,134,816
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,128,413$224,196-$3,352,609
Other Employee Benefits$636,615$68,337-$704,952
Interest$195,071$22,748-$217,819
Office Expenses$186,418$29,109-$215,527
Fees for Services Other$152,917$37,073-$189,990
Depreciation Depletion$166,673$19,418-$186,091
Other Expenses$137,192--$137,192
Current Officers, Directors, Trustees, and Key Employees-$134,152-$134,152
Travel-$80,237-$80,237
Occupancy$55,983$20,832-$76,815
Fees for Services Accounting-$22,601-$22,601
Fees for Services Legal-$8,544-$8,544
Total Functional Expenses$4,659,282$667,247$0$5,326,529
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
Due to Affiliate$200,000
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Omaha early learning centers, inc. (oelc) and nebraska early childhood collaborative (necc), llc, a nebraska tax-exempt limited liability company, entered into an agreement for which necc provides 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 A, Line 4

Oelc updated their bylaws to increase the maximum number of board members to 12 (previously 9). They also updated the board officers to be a chair, secretary, and treasurer (previously president and secretary).

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

The form 990 is prepared by the organization's public accounting firm. The public disclosure copy of the 990 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

Each director, principal officer and board member are required to fill out a conflict of interest form on an annual basis. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted on. The remaining board or committee members shall decide if a conflict of interest exists.

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
5313013021
Address
1111 N 13TH STREET NO 128, OMAHA, NE 68102

Signing Officer

Name
Rafel Hart
Title
Interim Executive Director
Phone
5313013021
Signed
2019-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rafel Hart
Formed
2014
Legal Domicile
Ne
Voting Board Members
5
Independent Board Members
5
Employees
132
Volunteers
5

Preparer

Firm
Seim Johnson Llp
Address
18081 BURT STREET SUITE 200, OMAHA, NE 68022-4722
Preparer
Megan L Koziol
Phone
4023302660
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The board of directors assumes responsibility for oversight of the audit. This process has not changed from the prior year.

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, 2018 and 2017, oelc had no uncertain tax positions accrued.

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IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt0575869
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt0158264
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt01853926
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt06551043
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt07901668
IRS990ScheduleA/SubstantialContributorsTotAmt02908362
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04585539
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02455904
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02389207
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01379380
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt010810030
IRS990ScheduleA/TotalSupportAmt010810030
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt08354
IRS990ScheduleD/EquipmentGrp/DepreciationAmt022786
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt031140
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0200000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
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, 2018 AND 2017, OELC HAD NO UNCERTAIN TAX POSITIONS ACCRUED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalLiabilityAmt0200000
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OMAHA EARLY LEARNING CENTERS, INC. (OELC) AND NEBRASKA EARLY CHILDHOOD COLLABORATIVE (NECC), LLC, A NEBRASKA TAX-EXEMPT LIMITED LIABILITY COMPANY, ENTERED INTO AN AGREEMENT FOR WHICH NECC PROVIDES 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/ExplanationTxt1OELC UPDATED THEIR BYLAWS TO INCREASE THE MAXIMUM NUMBER OF BOARD MEMBERS TO 12 (PREVIOUSLY 9). THEY ALSO UPDATED THE BOARD OFFICERS TO BE A CHAIR, SECRETARY, AND TREASURER (PREVIOUSLY PRESIDENT AND SECRETARY).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM. THE PUBLIC DISCLOSURE COPY OF THE 990 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/ExplanationTxt3EACH DIRECTOR, PRINCIPAL OFFICER AND BOARD MEMBER ARE REQUIRED TO FILL OUT A CONFLICT OF INTEREST FORM ON AN ANNUAL BASIS. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED ON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS.
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 BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
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:
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
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IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HOLD AND MANAGE REAL ESTATE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 11A, I
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0808 CONAGRA DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0OMAHA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd068102
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
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IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FAIR MARKET VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0OMAHA EARLY LEARNING CENTER AT KENNEDY QALICB
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0E
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IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
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IRS990/TerminateOperationsInd00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04659282
IRS990/TotalFunctionalExpensesGrp/TotalAmt05326529
IRS990/TotalGrossUBIAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-938323
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IRS990/TotalProgramServiceExpensesAmt04659282
IRS990/TotalProgramServiceRevenueAmt01662855
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IRS990/TransactionWithControlEntInd01
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IRS990/TravelGrp/TotalAmt080237
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-938323
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-585339
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01111 N 13TH STREET NO 128
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IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0HTTP://OMAHAELC.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RAFEL HART
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0INTERIM EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05313013021
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OMAHA EARLY LEARNING CENTERS INC
ReturnHeader/Filer/BusinessNameControlTxt0OMAH
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ReturnHeader/Filer/USAddress/AddressLine1Txt01111 N 13TH STREET NO 128
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0209.34.201.180
ReturnHeader/FilingSecurityInformation/IPDt02019-11-04

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