Civic Intelligence

Imagination Station Child Learning Center

990 • Fiscal year 2023 • EIN 77-0593658

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 14, 2024

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

86th percentile

0.57x

Higher debt load relative to assets than 86% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

80th percentile

0.51x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

30th percentile

-4.7%

Higher net margin than 30% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

53rd percentile

$69,341

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

12th percentile

-11%

Faster asset growth than 12% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

13th percentile

-28%

Faster revenue growth than 13% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$1,409,436

Down $173,046 (-11%) from 2022

Net Assets

Down

$606,052

Down $73,238 (-11%) from 2022

Liabilities

Down

$803,384

Down $99,808 (-11%) from 2022

Revenue

Down

$1,570,619

Down $597,949 (-28%) from 2022

Expenses

Down

$1,643,857

Down $22,927 (-1.4%) from 2022

Net Income

Down

-$73,238

Down $575,022 (-115%) from 2022

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

2023

Assets$1,409,436
Liabilities$803,384
Net Assets$606,052

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

2023

Revenue$1,570,619
Expenses$1,643,857
Net Income-$73,238
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 14, 2024
Return Version
2023v4.0
Gross Receipts
$1,570,619
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$1,398,316$1,381,466▼ $16,850
Cash and Non-Interest-Bearing Accounts$157,117$19,860▼ $137,257
Accounts Receivable$25,696$7,757▼ $17,939
Prepaid Expenses and Deferred Charges$1,353$353▼ $1,000
Total Assets$1,582,482$1,409,436▼ $173,046
Liabilities
Other Liabilities$886,534$794,395▼ $92,139
Accounts Payable and Accrued Expenses$16,658$8,989▼ $7,669
Total Liabilities$903,192$803,384▼ $99,808
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$679,290$606,052▼ $73,238
Total Net Assets Fund Balance$679,290$606,052▼ $73,238
Total Liabilities and Net Assets / Fund Balance$1,582,482$1,409,436▼ $173,046

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,286,466$1,049,526$2,335,992
Land$95,000-$95,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Holly DenisonProg. DirectorFT$69,341$69,341

Board Members and Trustees

NameTitle
Scott PrincePresident
Gina PrinceExecutive Di
Katlyn SommersSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$100
Program Service Revenue
$1,570,519
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-73,238
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,166,549
Other Expenses$477,308
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$833,274$162,432-$995,706
All Other Expenses$83,838$31,842-$115,680
Depreciation Depletion$102,444--$102,444
Other Employee Benefits$89,476$3,637-$93,113
Payroll Taxes$65,050$12,680-$77,730
Interest-$36,296-$36,296
Other Expenses$27,957$17,061-$27,957
Advertising$5,136$5,136-$10,272
Fees for Services Legal$2,149$2,149-$4,298
Total Functional Expenses$1,360,775$283,082$0$1,643,857
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
Sba Lt Np$473,989
Wmcb - N/p$320,406
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
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 2

Gina prince scott prince director director spouse

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
2024-03-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gina Prince
Voting Board Members
4
Independent Board Members
3
Employees
37
Volunteers
12

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

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. The objective of the organization is to provide faith-based child care for a safe and nurturing environment. The organization also places a high importance on making high quality child learning opportunities available to all children through imagination station's tuition assistance program. The teachers believe and have a love for god and share that with the children. Prayers are said daily 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 6 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.

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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/ExplanationTxt1THE 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. THE OBJECTIVE OF THE ORGANIZATION IS TO PROVIDE FAITH-BASED CHILD CARE FOR A SAFE AND NURTURING ENVIRONMENT. THE ORGANIZATION ALSO PLACES A HIGH IMPORTANCE ON MAKING HIGH QUALITY CHILD LEARNING OPPORTUNITIES AVAILABLE TO ALL CHILDREN THROUGH IMAGINATION STATION'S TUITION ASSISTANCE PROGRAM. THE TEACHERS BELIEVE AND HAVE A LOVE FOR GOD AND SHARE THAT WITH THE CHILDREN. PRAYERS ARE SAID DAILY 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 6 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/ExplanationTxt3GINA PRINCE SCOTT PRINCE DIRECTOR DIRECTOR SPOUSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A 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/ExplanationTxt5FORM 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
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4D
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GINA PRINCE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06167725439
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-03-14
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ReturnHeader/Filer/BusinessNameControlTxt0IMAG
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ReturnHeader/Filer/PhoneNum06167725439
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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
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-03-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSEPH KUIPER
ReturnHeader/ReturnTs02024-03-14T11:30:17-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GINA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PRINCE
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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