Civic Intelligence

Imagination Station Child Learning Center

990 • Fiscal year 2016 • EIN 77-0593658

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 31, 2017

396 Allied CourtZeeland, MI 49464

(616) 772-5439

Siviq Scores

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

Liabilities / Assets

87th percentile

0.76x

Higher debt load relative to assets than 87% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

80th percentile

0.62x

Higher debt load relative to revenue than 80% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

43rd percentile

0.1%

Higher net margin than 43% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

48th percentile

$59,118

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

25th percentile

-4.0%

Faster asset growth than 25% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

32nd percentile

-3.9%

Faster revenue growth than 32% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$991,487

Down $41,470 (-4.0%) from 2015

Net Assets

Up

$234,419

Up $1,705 (+0.7%) from 2015

Liabilities

Down

$757,068

Down $43,175 (-5.4%) from 2015

Revenue

Down

$1,227,657

Down $49,626 (-3.9%) from 2015

Expenses

Down

$1,225,952

Down $120,175 (-8.9%) from 2015

Net Income

Up

$1,705

Up $70,549 (+102%) from 2015

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,098,615Liabilities 2011: $849,917Net Assets 2011: $248,6982011Assets 2012: $1,086,005Liabilities 2012: $774,468Net Assets 2012: $311,5372012Assets 2013: $1,060,230Liabilities 2013: $727,574Net Assets 2013: $332,6562013Assets 2014: $1,046,201Liabilities 2014: $744,643Net Assets 2014: $301,5582014Assets 2015: $1,032,957Liabilities 2015: $800,243Net Assets 2015: $232,7142015Assets 2016: $991,487Liabilities 2016: $757,068Net Assets 2016: $234,4192016Assets 2017: $944,621Liabilities 2017: $629,464Net Assets 2017: $315,1572017Assets 2018: $972,579Liabilities 2018: $608,611Net Assets 2018: $363,9682018Assets 2019: $962,405Liabilities 2019: $555,264Net Assets 2019: $407,1412019Assets 2020: $859,895Liabilities 2020: $666,111Net Assets 2020: $193,7842020Assets 2021: $974,563Liabilities 2021: $797,057Net Assets 2021: $177,5062021Assets 2022: $1,582,482Liabilities 2022: $903,192Net Assets 2022: $679,2902022Assets 2023: $1,409,436Liabilities 2023: $803,384Net Assets 2023: $606,0522023Assets 2024: $1,331,681Liabilities 2024: $740,355Net Assets 2024: $591,3262024Assets 2025: $1,238,113Liabilities 2025: $803,063Net Assets 2025: $435,0502025

Highlighted filing

2016

Assets$991,487
Liabilities$757,068
Net Assets$234,419

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,193,689Expenses 2011: $1,116,055Net Income 2011: $77,6342011Revenue 2012: $1,206,378Expenses 2012: $1,143,541Net Income 2012: $62,8372012Revenue 2013: $1,137,214Expenses 2013: $1,116,093Net Income 2013: $21,1212013Revenue 2014: $1,217,208Expenses 2014: $1,248,307Net Income 2014: -$31,0992014Revenue 2015: $1,277,283Expenses 2015: $1,346,127Net Income 2015: -$68,8442015Revenue 2016: $1,227,657Expenses 2016: $1,225,952Net Income 2016: $1,7052016Revenue 2017: $1,237,858Expenses 2017: $1,157,120Net Income 2017: $80,7382017Revenue 2018: $1,302,834Expenses 2018: $1,254,023Net Income 2018: $48,8112018Revenue 2019: $1,357,000Expenses 2019: $1,313,827Net Income 2019: $43,1732019Revenue 2020: $1,070,876Expenses 2020: $1,284,233Net Income 2020: -$213,3572020Revenue 2021: $1,090,506Expenses 2021: $1,106,784Net Income 2021: -$16,2782021Revenue 2022: $2,168,568Expenses 2022: $1,666,784Net Income 2022: $501,7842022Revenue 2023: $1,570,619Expenses 2023: $1,643,857Net Income 2023: -$73,2382023Revenue 2024: $1,752,699Expenses 2024: $1,767,425Net Income 2024: -$14,7262024Revenue 2025: $1,891,096Expenses 2025: $1,926,692Net Income 2025: -$35,5962025

Highlighted filing

2016

Revenue$1,227,657
Expenses$1,225,952
Net Income$1,705
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 31, 2017
Return Version
2016v3.0
Gross Receipts
$1,227,657
Mission and Program Overview

Mission

Imagination station is an naeyc accredited child care facility that seeks to provide "world class" learning and childcare opportunities to the children and families of the greater holland & zeeland area and to positively impact the lives of the children, families, businesses and communities which we serve.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,000,428$934,131▼ $66,297
Cash and Non-Interest-Bearing Accounts$8,352$34,029▲ $25,677
Accounts Receivable$21,702$20,852▼ $850
Prepaid Expenses and Deferred Charges$2,475$2,475→ $0
Total Assets$1,032,957$991,487▼ $41,470
Liabilities
Other Liabilities$777,638$740,090▼ $37,548
Accounts Payable and Accrued Expenses$22,605$16,978▼ $5,627
Total Liabilities$800,243$757,068▼ $43,175
Net Assets / Fund Balance
Unrestricted Net Assets$232,714$234,419▲ $1,705
Total Net Assets Fund Balance$232,714$234,419▲ $1,705
Total Liabilities and Net Assets / Fund Balance$1,032,957$991,487▼ $41,470

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$839,131$769,637$1,608,768
Land$95,000-$95,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Holly CrowProg. DirectorFT$59,118$59,118
Gina PrinceExecutive DiPT$7,692$7,692

Board Members and Trustees

NameTitle
Scott PrincePresident
Barbra TsaturovaSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$532
Program Service Revenue
$1,227,125
Investment Income
$0
Other Revenue
$0
All Other Contributions
$532
Change in Net Assets
$1,705
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$839,694
Other Expenses$385,258
Grants and Similar Amounts Paid$1,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$583,178$102,212-$685,390
Other Employee Benefits$88,056$9,785-$97,841
All Other Expenses$64,193$12,247-$76,440
Depreciation Depletion$71,460--$71,460
Interest-$64,466-$64,466
Payroll Taxes$48,043$8,420-$56,463
Other Expenses$16,305$15,305-$16,305
Advertising$4,193$4,193-$8,386
Fees for Services Legal$2,059$2,059-$4,118
Foreign Grants$1,000--$1,000
Total Functional Expenses$992,512$233,440$0$1,225,952
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
N/p - Building$642,090
Line of Credit - Wmcb$98,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A copy of the form 990 return is reviewed with the executive director and the executive director shares this information with the board of directors at the subsequent scheduled board meeting.

Form 990, Page 6, Part VI, Line 19

Form 990 is filed with irs as required. This form is available to the public upon request of the organization.

Filing and Contact Details

Filer

Filer Name
Imagination Station
EIN
77-0593658
Phone
6167725439
Address
396 ALLIED COURT, ZEELAND, MI 49464

Signing Officer

Name
Gina Prince
Title
Executive Director
Phone
6167725439
Signed
2017-08-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gina Prince
Voting Board Members
5
Independent Board Members
5
Employees
41
Volunteers
4

Preparer

Firm
Kiekover Scholma & Shumaker Pc
Address
PO BOX 280, ZEELAND, MI 49464-0280
Preparer
Joseph Kuiper
Phone
6167724615
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Imagination station is an naeyc accredited child care facility that seeks to provide "world class" learning and childcare opportunities to the children and families of the greater holland & zeeland area and to positively impact the lives of the children, families, businesses and communities which we serve.

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

At the center including before every meal. Bible stories are shared with the children along with christian songs. The organization accepts all denominations and does not teach any particular denomination. The organization's hope is that the child will feel the love of god within the center and grow to better understand who he is and all that he provides for us. The organization meets or exceeds the state recommendation for teacher to child ratios which are as follows: 6 weeks up to 2 1/2; 1 teacher for every 4 children 2 1/2 up to 3; 1 teacher for every 8 children 3 up to 4; 1 teacher for every 10 children 4 up to 5; 1 teacher for every 12 children 5 and up; 1 teacher for every 18 children the organization has 28 full-time and 4 part-time employees as well as 4 regular volunteers. Imagination station provides the highest quality nutrition to the children. Breakfast, lunch, and snacks are prepared onsite, meeting nutritional recommendations. Only milk, water or 100% juice are served for beverages.

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

The organization operates as a child care center for childern ranging from six weeks to eleven years old. The organization uses a thematic curriculum approach to early childhood learning, which emphasizes hands on experiences.

Raw XML Appendix346 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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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01217208
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01139238
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01206378
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IRS990ScheduleD/LandGrp/BookValueAmt095000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt095000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0839131
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0769637
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01608768
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0642090
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt198000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0N/P - BUILDING
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LINE OF CREDIT - WMCB
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IMAGINATION STATION IS AN NAEYC ACCREDITED CHILD CARE FACILITY THAT SEEKS TO PROVIDE "WORLD CLASS" LEARNING AND CHILDCARE OPPORTUNITIES TO THE CHILDREN AND FAMILIES OF THE GREATER HOLLAND & ZEELAND AREA AND TO POSITIVELY IMPACT THE LIVES OF THE CHILDREN, FAMILIES, BUSINESSES AND COMMUNITIES WHICH WE SERVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT THE CENTER INCLUDING BEFORE EVERY MEAL. BIBLE STORIES ARE SHARED WITH THE CHILDREN ALONG WITH CHRISTIAN SONGS. THE ORGANIZATION ACCEPTS ALL DENOMINATIONS AND DOES NOT TEACH ANY PARTICULAR DENOMINATION. THE ORGANIZATION'S HOPE IS THAT THE CHILD WILL FEEL THE LOVE OF GOD WITHIN THE CENTER AND GROW TO BETTER UNDERSTAND WHO HE IS AND ALL THAT HE PROVIDES FOR US. THE ORGANIZATION MEETS OR EXCEEDS THE STATE RECOMMENDATION FOR TEACHER TO CHILD RATIOS WHICH ARE AS FOLLOWS: 6 WEEKS UP TO 2 1/2; 1 TEACHER FOR EVERY 4 CHILDREN 2 1/2 UP TO 3; 1 TEACHER FOR EVERY 8 CHILDREN 3 UP TO 4; 1 TEACHER FOR EVERY 10 CHILDREN 4 UP TO 5; 1 TEACHER FOR EVERY 12 CHILDREN 5 AND UP; 1 TEACHER FOR EVERY 18 CHILDREN THE ORGANIZATION HAS 28 FULL-TIME AND 4 PART-TIME EMPLOYEES AS WELL AS 4 REGULAR VOLUNTEERS. IMAGINATION STATION PROVIDES THE HIGHEST QUALITY NUTRITION TO THE CHILDREN. BREAKFAST, LUNCH, AND SNACKS ARE PREPARED ONSITE, MEETING NUTRITIONAL RECOMMENDATIONS. ONLY MILK, WATER OR 100% JUICE ARE SERVED FOR BEVERAGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION OPERATES AS A CHILD CARE CENTER FOR CHILDERN RANGING FROM SIX WEEKS TO ELEVEN YEARS OLD. THE ORGANIZATION USES A THEMATIC CURRICULUM APPROACH TO EARLY CHILDHOOD LEARNING, WHICH EMPHASIZES HANDS ON EXPERIENCES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE FORM 990 RETURN IS REVIEWED WITH THE EXECUTIVE DIRECTOR AND THE EXECUTIVE DIRECTOR SHARES THIS INFORMATION WITH THE BOARD OF DIRECTORS AT THE SUBSEQUENT SCHEDULED BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 IS FILED WITH IRS AS REQUIRED. THIS FORM IS AVAILABLE TO THE PUBLIC UPON REQUEST OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TotalFunctionalExpensesGrp/TotalAmt01225952
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0234419
IRS990/TotalOtherProgSrvcExpenseAmt072460
IRS990/TotalOtherProgSrvcGrantAmt01000
IRS990/TotalProgramServiceExpensesAmt0992512
IRS990/TotalProgramServiceRevenueAmt01227125
IRS990/TotalReportableCompFromOrgAmt066810
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01227125
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01227657
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01032957
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0991487
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0232714
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0234419
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0396 ALLIED COURT
IRS990/USAddress/CityNm0ZEELAND
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049464
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.ISTATION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GINA PRINCE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06167725439
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IMAGINATION STATION
ReturnHeader/Filer/BusinessNameControlTxt0IMAG
ReturnHeader/Filer/EIN0770593658
ReturnHeader/Filer/PhoneNum06167725439
ReturnHeader/Filer/USAddress/AddressLine1Txt0396 ALLIED COURT
ReturnHeader/Filer/USAddress/CityNm0ZEELAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049464
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId037F4DA42373F9CFB7ED3C39D5DB070A1C5883C41
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId09F371D27F441C0C2500C8B4BF2630E18BDDAABEC
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0382157876
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KIEKOVER SCHOLMA & SHUMAKER PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 280
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ZEELAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0494640280
ReturnHeader/PreparerPersonGrp/PhoneNum06167724615
ReturnHeader/PreparerPersonGrp/PreparationDt02017-09-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSEPH KUIPER
ReturnHeader/ReturnTs02017-09-01T14:10:58-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.24$0.80$0.44$1.89$1.93$0.04
2024Detailed filing. Detailed filing data is available for this year.$1.33$0.74$0.59$1.75$1.77$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.41$0.80$0.61$1.57$1.64$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.58$0.90$0.68$2.17$1.67$0.50
2021Detailed filing. Detailed filing data is available for this year.$0.97$0.80$0.18$1.09$1.11$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.86$0.67$0.19$1.07$1.28$0.21
2019Detailed filing. Detailed filing data is available for this year.$0.96$0.56$0.41$1.36$1.31$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.97$0.61$0.36$1.30$1.25$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.94$0.63$0.32$1.24$1.16$0.08
2016Detailed filing. Detailed filing data is available for this year.$0.99$0.76$0.23$1.23$1.23$0.00
2015Detailed filing. Detailed filing data is available for this year.$1.03$0.80$0.23$1.28$1.35$0.07
2014Summary only. Only limited summary data is available for this year.$1.05$0.74$0.30$1.22$1.25$0.03
2013Summary only. Only limited summary data is available for this year.$1.06$0.73$0.33$1.14$1.12$0.02
2012Summary only. Only limited summary data is available for this year.$1.09$0.77$0.31$1.21$1.14$0.06
2011Summary only. Only limited summary data is available for this year.$1.10$0.85$0.25$1.19$1.12$0.08