Civic Intelligence

Stepping Stones Early Learning Center Inc.

990 • Fiscal year 2020 • EIN 71-0929147

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 13, 2021

300 Panther DriveKnoxville, IA 50138

(641) 828-7837

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.54x

Higher debt load relative to assets than 82% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

82nd percentile

0.75x

Higher debt load relative to revenue than 82% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

50th percentile

5.2%

Higher net margin than 50% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$61,093

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

44th percentile

3.4%

Faster asset growth than 44% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

62nd percentile

7.4%

Faster revenue growth than 62% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,781,917

Up $59,326 (+3.4%) from 2019

Net Assets

Up

$815,899

Up $67,282 (+9.0%) from 2019

Liabilities

Down

$966,018

Down $7,956 (-0.8%) from 2019

Revenue

Up

$1,287,771

Up $88,970 (+7.4%) from 2019

Expenses

Down

$1,220,489

Down $14,899 (-1.2%) from 2019

Net Income

Up

$67,282

Up $103,869 (+284%) from 2019

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,117,203Liabilities 2011: $1,024,398Net Assets 2011: $1,092,8052011Assets 2012: $2,045,892Liabilities 2012: $1,041,884Net Assets 2012: $1,004,0082012Assets 2013: $1,943,911Liabilities 2013: $1,030,334Net Assets 2013: $913,5772013Assets 2014: $1,902,396Liabilities 2014: $1,004,605Net Assets 2014: $897,7912014Assets 2015: $1,846,625Liabilities 2015: $1,002,940Net Assets 2015: $843,6852015Assets 2016: $1,814,340Liabilities 2016: $997,843Net Assets 2016: $816,4972016Assets 2017: $1,800,570Liabilities 2017: $991,233Net Assets 2017: $809,3372017Assets 2018: $1,766,478Liabilities 2018: $981,274Net Assets 2018: $785,2042018Assets 2019: $1,722,591Liabilities 2019: $973,974Net Assets 2019: $748,6172019Assets 2020: $1,781,917Liabilities 2020: $966,018Net Assets 2020: $815,8992020Assets 2021: $1,693,671Liabilities 2021: $954,140Net Assets 2021: $739,5312021Assets 2022: $1,741,570Liabilities 2022: $873,375Net Assets 2022: $868,1952022Assets 2023: $1,547,161Liabilities 2023: $378,284Net Assets 2023: $1,168,8772023Assets 2024: $1,474,112Liabilities 2024: $236,555Net Assets 2024: $1,237,5572024

Highlighted filing

2020

Assets$1,781,917
Liabilities$966,018
Net Assets$815,899

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $913,451Expenses 2011: $1,023,656Net Income 2011: -$110,2052011Revenue 2012: $949,381Expenses 2012: $1,038,178Net Income 2012: -$88,7972012Revenue 2013: $931,868Expenses 2013: $1,022,299Net Income 2013: -$90,4312013Revenue 2014: $996,726Expenses 2014: $1,012,519Net Income 2014: -$15,7932014Revenue 2015: $899,533Expenses 2015: $953,639Net Income 2015: -$54,1062015Revenue 2016: $918,283Expenses 2016: $941,832Net Income 2016: -$23,5492016Revenue 2017: $1,032,799Expenses 2017: $1,039,959Net Income 2017: -$7,1602017Revenue 2018: $1,118,584Expenses 2018: $1,142,717Net Income 2018: -$24,1332018Revenue 2019: $1,198,801Expenses 2019: $1,235,388Net Income 2019: -$36,5872019Revenue 2020: $1,287,771Expenses 2020: $1,220,489Net Income 2020: $67,2822020Revenue 2021: $1,357,419Expenses 2021: $1,433,787Net Income 2021: -$76,3682021Revenue 2022: $1,517,788Expenses 2022: $1,419,342Net Income 2022: $98,4462022Revenue 2023: $1,634,652Expenses 2023: $1,333,970Net Income 2023: $300,6822023Revenue 2024: $1,412,683Expenses 2024: $1,344,003Net Income 2024: $68,6802024

Highlighted filing

2020

Revenue$1,287,771
Expenses$1,220,489
Net Income$67,282
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 13, 2021
Return Version
2020v4.0
Gross Receipts
$1,287,771
Mission and Program Overview

Mission

To provide child care services

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,577,432$1,505,769▼ $71,663
Savings and Temporary Cash Investments$99,874$245,847▲ $145,973
Cash and Non-Interest-Bearing Accounts$31,976$22,288▼ $9,688
Accounts Receivable$13,309$8,013▼ $5,296
Total Assets$1,722,591$1,781,917▲ $59,326
Liabilities
Other Liabilities$924,794$910,069▼ $14,725
Accounts Payable and Accrued Expenses$49,180$55,949▲ $6,769
Total Liabilities$973,974$966,018▼ $7,956
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$748,617$815,899▲ $67,282
Total Net Assets Fund Balance$748,617$815,899▲ $67,282
Total Liabilities and Net Assets / Fund Balance$1,722,591$1,781,917▲ $59,326

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,468,099$797,751$2,265,850
Equipment$24,479$190,952$215,431
Other Land Buildings$13,191$68,747$81,938
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Keri GarrisonExec DirectoFT$61,093$61,093

Board Members and Trustees

NameTitle
Deanna ArkemaPresident
Adam NorrisDirector
Cassandra PearsonDirector
Corey DerbyDirector
Erika PleggenkuhleDirector
Helen WaresDirector
Jan PearsonDirector
Ryan KleinDirector
Erica MarvelliSecretary
Cindi FullerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$187,948
Program Service Revenue
$923,848
Investment Income
$973
Other Revenue
$175,002
All Other Contributions
$5,404
Change in Net Assets
$67,282
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$861,823
Other Expenses$358,666
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$689,107$34,736-$723,843
Depreciation Depletion$72,183--$72,183
Payroll Taxes$57,317$7,921-$65,238
All Other Expenses$63,485--$63,485
Current Officers, Directors, Trustees, and Key Employees-$61,093-$61,093
Interest$40,092--$40,092
Other Expenses$23,815--$23,815
Pension Plan Contributions$7,714--$7,714
Fees for Services Accounting-$7,540-$7,540
Advertising$6,032--$6,032
Other Employee Benefits$3,935--$3,935
Travel$294--$294
Total Functional Expenses$1,109,199$111,290$0$1,220,489
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
Loan Usda$910,069
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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

The 990 is distributed by the director annually for board members to review and/or comment.

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

Board members update conflict of interest policies annually. If any conflicts arise during a discussion of an issue, that board member leaves the room for the discussion. Any board member with a conflict shall also abstain from voting.

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

Board performs an annual review of the executive director and determines wage as well any increase in wage.

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

Executive director performs annual reviews of all employees. The board then determines wage rates and wage increases.

Form 990, Page 6, Part VI, Line 19

Documents available upon request.

Filing and Contact Details

Filer

Filer Name
Stepping Stones Early Learning
EIN
71-0929147
Phone
6418287837
Address
300 PANTHER DRIVE, KNOXVILLE, IA 50138

Signing Officer

Name
Keri Garrison
Title
Exec Director
Phone
6418287837
Signed
2021-04-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Keri Garrison
Formed
2003
Legal Domicile
Ia
Voting Board Members
10
Independent Board Members
10
Employees
71

Preparer

Firm
Donald W Croghan CPA Pc
Address
109 E MAIN ST, KNOXVILLE, IA 50138-2525
Preparer
Donald W Croghan CPA
Phone
6418425821
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

To provide child care and preschool services to the public

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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/ExplanationTxt0TO PROVIDE CHILD CARE AND PRESCHOOL SERVICES TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS DISTRIBUTED BY THE DIRECTOR ANNUALLY FOR BOARD MEMBERS TO REVIEW AND/OR COMMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS UPDATE CONFLICT OF INTEREST POLICIES ANNUALLY. IF ANY CONFLICTS ARISE DURING A DISCUSSION OF AN ISSUE, THAT BOARD MEMBER LEAVES THE ROOM FOR THE DISCUSSION. ANY BOARD MEMBER WITH A CONFLICT SHALL ALSO ABSTAIN FROM VOTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD PERFORMS AN ANNUAL REVIEW OF THE EXECUTIVE DIRECTOR AND DETERMINES WAGE AS WELL ANY INCREASE IN WAGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EXECUTIVE DIRECTOR PERFORMS ANNUAL REVIEWS OF ALL EMPLOYEES. THE BOARD THEN DETERMINES WAGE RATES AND WAGE INCREASES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/USAddress/ZIPCd050138
IRS990/VotingMembersGoverningBodyCnt010
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IRS990/WebsiteAddressTxt0WWW.KNOXVILLESTEPPINGSTONES.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KERI GARRISON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXEC DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06418287837
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0STEPPING STONES EARLY LEARNING
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CENTER INC
ReturnHeader/Filer/BusinessNameControlTxt0STEP
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0109 E MAIN ST

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.47$0.24$1.24$1.41$1.34$0.07
2023Detailed filing. Detailed filing data is available for this year.$1.55$0.38$1.17$1.63$1.33$0.30
2022Detailed filing. Detailed filing data is available for this year.$1.74$0.87$0.87$1.52$1.42$0.10
2021Detailed filing. Detailed filing data is available for this year.$1.69$0.95$0.74$1.36$1.43$0.08
2020Detailed filing. Detailed filing data is available for this year.$1.78$0.97$0.82$1.29$1.22$0.07
2019Detailed filing. Detailed filing data is available for this year.$1.72$0.97$0.75$1.20$1.24$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.77$0.98$0.79$1.12$1.14$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.80$0.99$0.81$1.03$1.04$0.01
2016Summary only. Only limited summary data is available for this year.$1.81$1.00$0.82$0.92$0.94$0.02
2015Summary only. Only limited summary data is available for this year.$1.85$1.00$0.84$0.90$0.95$0.05
2014Summary only. Only limited summary data is available for this year.$1.90$1.00$0.90$1.00$1.01$0.02
2013Summary only. Only limited summary data is available for this year.$1.94$1.03$0.91$0.93$1.02$0.09
2012Summary only. Only limited summary data is available for this year.$2.05$1.04$1.00$0.95$1.04$0.09
2011Summary only. Only limited summary data is available for this year.$2.12$1.02$1.09$0.91$1.02$0.11