Handicare INC FY2021 filing

Tax-deductible

Coralville, IA501(c)(3)EducationEIN 42-1193531

The mission of Handicare, Inc. is to provide a nurturing and inclusive experience for every child, embracing those with special needs.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$84K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $155K a year · 9% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$84K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $9K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$117K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 11 voting members
Looks good: 9 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
+58% vs prior year
Spent
$1.3M
To programs
87%
Net assets
$1.0M
By yearFY2020–FY2024
Revenue
$1.8M
FY2021▲ +58%
Revenue by fiscal year
FY2020$1.2M
FY2021$1.8M
FY2022$2.0M
FY2023$1.7M
FY2024$2.0M
Expenses
$1.3M
FY2021▲ +17%
Expenses by fiscal year
FY2020$1.1M
FY2021$1.3M
FY2022$1.6M
FY2023$1.9M
FY2024$2.0M
Net assets
$1.0M
FY2021▲ +99%
Net assets by fiscal year
FY2020$506K
FY2021$1.0M
FY2022$1.5M
FY2023$1.3M
FY2024$1.3M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CHandicare INC
EINHdr · item D42-1193531
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMar 1983
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CCoralville, IA
NTEE classificationIRS BMFEducation (B900)
WebsiteHdr · item Jwww.handicareinc.com

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.12 Fundraising $0.01
Program services87%$1.2M
Management & general12%$159K
Fundraising1%$11K
Total functional expensesLn 25$1.3M

Finances

Money in and out, what it owns and owes

Spent on programs
87%
of spending reaches programs
Months of spending covered by cash
8.1mo
months of spending covered by cash and easy-to-sell investments
Surplus or deficit
+27%
as % of revenue, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$1.1M
FY2021▲ +80%
Total assets by fiscal year
FY2020$626K
FY2021$1.1M
FY2022$1.6M
FY2023$1.5M
FY2024$1.5M
Total liabilities
$117K
FY2021▼ -3%
Total liabilities by fiscal year
FY2020$121K
FY2021$117K
FY2022$122K
FY2023$229K
FY2024$205K
Revenue less expensesPt I · Ln 19$503K
Total assetsPt X · Ln 16$1.1M
Spent on programsPt IX · col B87%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 49

Balance Sheet

Part X · end of year
CashLn 1$892K
Total assetsLn 16$1.1M
Total liabilitiesLn 26$117K
Total net assetsLn 32$1.0M
Months of cash on handcomputed8.1

Statement of Revenue

Part VIII
Program service revenue$1.3M · 69%
Contributions & grants$565K · 31%
Program service revenue69%$1.3M
Contributions & grants31%$565K
Investment income$676
Other revenue$3K
— government grantsLn 1e$561K
Total revenueLn 12$1.8M

Money in detail

Form 990 · FY2021 · each figure shown with the dollars behind it
Cash and giving out
Months of spending covered by cash
Cash and easy-to-sell investments $892K · Operating expenses/yr $1.3M
8.1 months
Where the money goes
Program services
Program services $1.2M · Total expenses $1.3M
87%
Management & General
Management & general $159K · Total expenses $1.3M
12%
Fundraising
Fundraising $11K · Total expenses $1.3M
0.9%
Cost to raise $1
Fundraising expense (2-yr avg) $11K · Solicited contributions (2-yr avg) $5K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $565K · Total revenue $1.8M
31%
Government reliance
Government grants $561K · Total revenue $1.8M
31%
Earned-income share
Program service revenue $1.3M · Total revenue $1.8M
69%
Investment reliance
Investment income $676 · Total revenue $1.8M
+0.04%
Program self-sufficiency
Program service revenue $1.3M · Total expenses $1.3M
95%
Growth & trend
Revenue change from last year
This year $1.8M · Prior year $1.2M
+58%
Net assets change over the year
End of year $1.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus or deficit, as % of revenue
Revenue $1.8M · Expenses $1.3M
+27%
Debts compared to what it owns
Total liabilities — · Total assets $1.1M
—
Net assets compared to what it owns
Net assets $1.0M · Total assets $1.1M
90%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.1M
0%
People & payroll
Highest Reported Total Compensation
Individual Laura Lage · Reported title Executive Director · Highest reported compensation $53K · Total expenses $1.3M
4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.0M · Total expenses $1.3M
78%
Peer comparison

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

MetricThis orgPeer medianPercentile
Spent on programs 87%——
Spent on management, % of spending 12%——
Fundraising cost, % of gifts 2%——
Revenue growth 58%——
Investment manager fees, % of assets 0%——
Legal fees, % of spending 0%——
Accounting fees, % of spending 2%——
Paid fundraiser fees, % of spending 0%——

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

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$53,487Pt VII · Sec A
Non-Voting Member (partial Year)
$30,669Pt VII · Sec A
$0Pt VII · Sec A
Member (partial Year)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Laura Lage’s $62K as Executive Director is at the 10th percentile of top reported officer pay among 3394 $1–10M education 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 · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Laura Lage$61,513$63,152$58,199$53,487$49,154
Donnie Stanley$55,753$36,533———
Sarah Mahoney———$30,669$37,934
Vina Seeley——$20,528——
Elizabeth Kemper——$11,531——

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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Governance & Policies

Part VI
  • 11Voting board membersPt VI · Ln 1a
  • 9Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

Offers a nurturing, inclusive experience for all children, including those with special needs.

Provided by the organization

This section is blank until Handicare INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $1.2M of program spending, described in the organization's own filed words · FY2021.
01

Handicare provides childcare to children ages 6 weeks old through third grade. Our three programs begin with an infant-toddler program for children through age 2. Children then move to our preschool curriculum for ages 3-4.

$1.2Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 2 funders$9K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $2.0M$2.0M+16% 990 PDF
FY2023 $1.7M$1.9M-17% 990 PDF
FY2022 $2.0M$1.6M+11% 990 PDF
FY2021 Viewing $1.8M$1.3M+58% 990 PDF
FY2020 $1.2M$1.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Full filing: Form 990 for FY2021

Every line we hold from the return, cited to its Part and line.
Part VIII · Statement of revenue $1,828,766 across 12 lines filed
Lines not itemized here account for $8,570 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$2,421
VIII-1d Related organizations$0
VIII-1e Government grants$560,917
VIII-1f All other contributions, gifts and grants$1,197
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$564,535
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,254,985 · Unrelated business $0 · Excluded from tax $0$1,254,985
VIII-3 Investment incomeRelated to mission $676 · Unrelated business $0 · Excluded from tax $0$676
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $1,264,231 · Unrelated business $0 · Excluded from tax $0$1,828,766
Part IX · Statement of functional expenses $1,325,867 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $7,667 · Management $68,822 · Fundraising $7,667$84,156
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $814,561 · Management $39,267 · Fundraising $2,857$856,685
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $14,864 · Management $4,800 · Fundraising $0$19,664
IX-10 Payroll taxesPrograms $66,571 · Management $8,751 · Fundraising $852$76,174
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $25,125 · Fundraising $0$25,125
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $3,789 · Management $0 · Fundraising $0$3,789
IX-13 Office expensesPrograms $8,218 · Management $0 · Fundraising $100$8,318
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $21,310 · Management $1,122 · Fundraising $0$22,432
IX-17 TravelPrograms $2,518 · Management $0 · Fundraising $0$2,518
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $4,167 · Management $0 · Fundraising $0$4,167
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $37,152 · Management $1,206 · Fundraising $0$38,358
IX-23 InsurancePrograms $18,985 · Management $4,032 · Fundraising $0$23,017
IX-24 Other expenses (24a–d)Programs $152,365 · Management $4,088 · Fundraising $0$156,453
IX-24e All other expensesPrograms $3,675 · Management $1,336 · Fundraising $0$5,011
IX-25 Total functional expensesPrograms $1,155,842 · Management $158,549 · Fundraising $11,476$1,325,867
Part X · Balance sheet $1,125,639 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $100$100
X-2 Savings and temporary cash investmentsStart of year $392,129$892,256
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $51,724$26,897
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $3,147$4,836
X-10c Land, buildings and equipment, netStart of year $179,052$201,550
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $626,152$1,125,639
X-17 Accounts payable and accrued expensesStart of year $120,594$117,182
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $120,594$117,182
X-27 Net assets without donor restrictionsStart of year $505,558$1,008,457
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $505,558$1,008,457
X-33 Total liabilities and net assetsStart of year $626,152$1,125,639
Part XI · Reconciliation of net assets $1,008,457 net assets at year end
XI-1 Total revenue$1,828,766
XI-2 Total expenses$1,325,867
XI-3 Revenue less expenses$502,899
XI-4 Net assets at start of year$505,558
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,008,457

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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