The Learning Funhouse INC EIN 41-1930163 Form 990 (PDF) Claim this org

The Learning Funhouse INC FY2020 filing

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The Learning Funhouse INC is a public foundation based in Bird Island, MN, formed in 1999. For fiscal year 2020 it reported $394K in revenue, $340K in expenses, and $80K in net assets.Pt I

Founded
1999
Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Bird Island, MN
Website
learningfunhouse.org
Filings
6 on file (2020–2020)
Revenue
$394KFY2020
Expenses
$340K
Net assets
$80K
People
5
Filings
6
Updates
0
More identity details & actions ⌄
EIN  41-1930163 Public foundation / grantmaker Bird Island, MN Founded 1999
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
a public foundation
Leadership
Kera Johnson · Past Directo · $32K
Money in and out
$394K revenue, $340K expenses
Bottom line
99% program efficiency
Grants paid & assets · FY2020
Total revenue
$394K
Pt VIII · Ln 12
Total expenses
$340K
Pt IX · Ln 25
Net assets
$80K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $54K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program efficiency
99%
of spending reaches programs
Operating runway
3.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+14%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$394K
FY2020
Expenses
$340K
FY2020
Total assets
$182K
FY2020
Total liabilities
$102K
FY2020
Total revenue
$394K
Pt VIII · Ln 12
Total expenses
$340K
Pt IX · Ln 25
Net assets
$80K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$54K
Total assetsPt X · Ln 16$182K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $335K of program spending, described in the organization's own filed words · FY2020.
01

The organization operates a daycare center, serving over 60 different families in the community.

$335Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Learning Funhouse INC
EINHdr · item D41-1930163
Principal addressHdr · item CBird Island, MN
WebsiteHdr · item Jlearningfunhouse.org
Year of formationHdr · item L1999
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T70)
Ruling yearIRS BMFDec 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Past Directo
$31,822Pt VII · Sec A
Current Dire
$3,844Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A

Miranda Foesch’s $44K as Director is at the 41st percentile of top reported officer pay among 1263 $100K–1M philanthropy & grantmaking 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 · 4 named individuals · Part VII

NameFY2025FY2023FY2022FY2021FY2020
Baylie Kubesh$44,570$39,617
Miranda Foesch$44,305
Leann Gass$40,087$3,844
Kera Johnson$31,822

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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Statement of Revenue

Part VIII
Program service revenue$284K · 72%
Contributions & grants$66K · 17%
Other revenue$44K · 11%
Program service revenue72%$284K
Contributions & grants17%$66K
Other revenue11%$44K
Investment income$2
— government grantsLn 1e$52K
Total revenueLn 12$394K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$335K
Management & general1%$5K
Total functional expensesLn 25$340K

Balance Sheet

Part X · end of year
CashLn 1$93K
Total assetsLn 16$182K
Total liabilitiesLn 26$102K
Total net assetsLn 32$80K
Months of cash on handcomputed3.3

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $93K · Operating expenses/yr $340K
3.3 months
Where the money goes
Program services
Program services $335K · Total expenses $340K
99%
Management & General
Management & general $5K · Total expenses $340K
1%
Fundraising
Fundraising $0 · Total expenses $340K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $14K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $66K · Total revenue $394K
17%
Government reliance
Government grants $52K · Total revenue $394K
13%
Earned-income share
Program service revenue $284K · Total revenue $394K
72%
Investment reliance
Investment income $2 · Total revenue $394K
<0.01%
Program self-sufficiency
Program service revenue $284K · Total expenses $340K
84%
Growth & trend
Revenue growth (YoY)
This year $394K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $80K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $394K · Expenses $340K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $182K
Net-asset ratio
Net assets $80K · Total assets $182K
44%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $182K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kera Johnson · Reported title PAST DIRECTO · Highest reported compensation $32K · Total expenses $340K
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $270K · Total expenses $340K
79%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 1%
Fundraising cost ratio 0%

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.

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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
FY2025 (Latest)$490K revenue · ⤓ 990 PDF
FY2024$456K revenue · ⤓ 990 PDF
FY2023$482K revenue · ⤓ 990 PDF
FY2022$511K revenue · ⤓ 990 PDF
FY2021$311K revenue · ⤓ 990 PDF
FY2020$394K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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