Wee Love Learning EIN 27-4428796 Form 990 (PDF) Claim this org

Wee Love Learning FY2022 filing

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Offers nurturing care and meets developmental needs for children from infancy to age twelve. For fiscal year 2022 it reported $904K in revenue, $855K in expenses, and $870K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Olympia, WA
Website
www.weelovelearning.com
Filings
5 on file (2020–2022)
Revenue
$904KFY2022
Expenses
$855K
Net assets
$870K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  27-4428796 Public charity (501(c)(3)) Olympia, WA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Offers nurturing care and meets developmental needs for children from infancy to age twelve.
Leadership
Kristen Bernard · Care Center · $60K
Money in and out
$904K revenue, $855K expenses
Bottom line
89% program efficiency
Where the money goes · FY2022
Total revenue
$904K
Pt VIII · Ln 12
Total expenses
$855K
Pt IX · Ln 25
Net assets
$870K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $49K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.11
Program efficiency
89%
of spending reaches programs
Operating runway
2.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+5%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$904K
FY2022▼ -14%
Expenses
$855K
FY2022▲ +6%
Total assets
$1.7M
FY2022▼ -8%
Total liabilities
$796K
FY2022▼ -2%
Total revenue
$904K
Pt VIII · Ln 12
Total expenses
$855K
Pt IX · Ln 25
Net assets
$870K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$49K
Total assetsPt X · Ln 16$1.7M
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWee Love Learning
EINHdr · item D27-4428796
Principal addressHdr · item COlympia, WA
WebsiteHdr · item Jwww.weelovelearning.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P33)
Ruling yearIRS BMFJan 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Care Center
$59,700Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Kristen Bernard’s $59K as Care Center is at the 7th percentile of top reported officer pay among 3864 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Kristen Bernard$59,009$59,700$66,938$60,073

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $761K of program spending, described in the organization's own filed words · FY2022.
01

We provide child care in a safe place where children will experience love, create qualifty services which meet the developmental needs of young children, and maintain a safe loving environment for all. We serve children from infant to twelve years old.

$761Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$751K · 83%
Contributions & grants$154K · 17%
Program service revenue83%$751K
Contributions & grants17%$154K
Investment income$174
— government grantsLn 1e$154K
Total revenueLn 12$904K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.11
Program services89%$761K
Management & general11%$95K
Total functional expensesLn 25$855K

Balance Sheet

Part X · end of year
CashLn 1$198K
Total assetsLn 16$1.7M
Total liabilitiesLn 26$796K
Total net assetsLn 32$870K
Months of cash on handcomputed2.8

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $198K · Operating expenses/yr $855K
2.8 months
Where the money goes
Program services
Program services $761K · Total expenses $855K
89%
Management & General
Management & general $95K · Total expenses $855K
11%
Fundraising
Fundraising $0 · Total expenses $855K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $15K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $154K · Total revenue $904K
17%
Government reliance
Government grants $154K · Total revenue $904K
17%
Earned-income share
Program service revenue $751K · Total revenue $904K
83%
Investment reliance
Investment income $174 · Total revenue $904K
+0.02%
Program self-sufficiency
Program service revenue $751K · Total expenses $855K
88%
Growth & trend
Revenue growth (YoY)
This year $904K · Prior year $1.1M
-14%
Net-asset trend (YoY)
End of year $870K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $904K · Expenses $855K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $1.7M
Net-asset ratio
Net assets $870K · Total assets $1.7M
52%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.7M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kristen Bernard · Reported title CARE CENTER · Highest reported compensation $60K · Total expenses $855K
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $562K · Total expenses $855K
66%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 11%
Fundraising cost ratio 0%
Revenue growth -14%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$32

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.2M revenue · ⤓ 990 PDF
FY2023$1.0M revenue · ⤓ 990 PDF
FY2022$904K revenue · viewing · ⤓ 990 PDF
FY2021$1.1M revenue · ⤓ 990 PDF
FY2020$1.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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