Apple Daycare INC

Tax-deductible

Sheffield, IA501(c)(3)Human ServicesEIN 45-2861943Revenue $213K in FY2024

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Provide a well rounded, affordable and dependable Daycare facility for parents with children growing up in a rural north iowa area.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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 4
filings with a surplus
Average surplus $8K a year · 3% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $10K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$213K
-14% vs prior year
Spent
$209K
To programs
98%
Net assets
$71K
By yearFY2020–FY2024
Revenue
$213K
FY2024▼ -14%
Revenue by fiscal year
FY2020$195K
FY2021$217K
FY2022$192K
FY2023$247K
FY2024$213K
Expenses
$209K
FY2024▼ -7%
Expenses by fiscal year
FY2020Not on file
FY2021$212K
FY2022$195K
FY2023$223K
FY2024$209K
Net assets
$71K
FY2024▲ +7%
Net assets by fiscal year
FY2020$41K
FY2021$46K
FY2022$42K
FY2023$66K
FY2024$71K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Exemption reinstated (2014-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Mar 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $204K Fundraising 2% · $5K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Lori Sanders’s $27K as Daycare Dire is at the 15th percentile of top reported officer pay among 2168 $100K–1M 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.

See Apple Daycare INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers affordable, dependable daycare for rural North Iowa families.

Provided by the organization

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1 program · $204K · in their own filed words · FY2024
01

Provide a well rounded, affordable and dependable daycare facility for parents with children growing up in a rural north iowa area.

$204Kprogram expense

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$10K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$213K
Ln 12
Fees for servicesLn 2g$197K
Gifts and grantsLn 1h$16K
Investment incomeLn 3$257
Money outPt IX
$209K
Ln 25
Programscol B$204K
Fundraisingcol D$5K
Owns and owesPt X
$71K
net assets · Ln 32
Cash and savingsLn 1–2$38K
Total assetsLn 16$78K
LiabilitiesLn 26$7K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16K
Government grantsLn 1e$10K
Fees for servicesLn 2g$197K
Investment incomeLn 3$257
Total revenueLn 12$213K
Assets in detailPt X, end of year
CashLn 1$3K
SavingsLn 2$36K
Cash and savings togetherLn 1–2$38K
Land, buildings, equipmentLn 10c$40K
Total assetsLn 16$78K
LiabilitiesLn 26$7K
Net assetsLn 32$71K
OperationsPt I, VI
EmployeesI 526
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$74K$38K
Land, buildings, equipmentLn 10c$40K
Total assetsLn 16$74K$78K
LiabilitiesLn 26$8K$7K
Net assetsLn 32$66K$71K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$150K$150K
Payroll taxesLn 10$11K$11K
Office expensesLn 13$529$529
OccupancyLn 16$15K$15K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$25K$20K$5K
All other expensesLn 24e$493$493
Total functional expensesLn 25$209K$204K$0$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $213K$209K$5K$71K 990 PDF
FY2023 $247K$223K$24K$66K 990 PDF
FY2022 $192K$195K−$4K$42K 990 PDF
FY2021 $217K$212K$5K$46K 990 PDF
FY2020 $195K$41K 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
See the full FY2024 990 (6 parts)
Part I · Summary $213,315 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $56,913$16,164
I-9 Program service revenuePrior year $189,915$196,894
I-10 Investment incomePrior year $198$257
I-11 Other revenue$0
I-12 Total revenuePrior year $247,026$213,315
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $168,660$161,652
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $54,526$46,854
I-18 Total expensesPrior year $223,186$208,506
I-19 Revenue less expensesPrior year $23,840$4,809
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $213,315 across 6 lines filed
VIII-1e Government grants$10,000
VIII-1f All other contributions, gifts and grants$6,164
VIII-1h Total contributions, gifts and grants$16,164
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $196,894$196,894
VIII-3 Investment incomeRelated to mission $257$257
VIII-12 Total revenueRelated to mission $197,151$213,315
Part IX · Statement of functional expenses $208,506 across 8 lines filed
IX-7 Other salaries and wagesPrograms $150,164$150,164
IX-10 Payroll taxesPrograms $11,488$11,488
IX-13 Office expensesPrograms $529$529
IX-16 OccupancyPrograms $14,969$14,969
IX-22 Depreciation, depletion and amortizationPrograms $2,090$2,090
IX-23 InsurancePrograms $3,703$3,703
IX-24 Other expenses (24a–d)Programs $20,372 · Fundraising $4,698$25,070
IX-24e All other expensesPrograms $493$493
IX-25 Total functional expensesPrograms $203,808 · Management $0 · Fundraising $4,698$208,506
Part X · Balance sheet $78,104 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $4,788$2,611
X-2 Savings and temporary cash investmentsStart of year $69,526$35,783
X-10c Land, buildings and equipment, net$39,710
X-16 Total assetsStart of year $74,314$78,104
X-25 Other liabilitiesStart of year $8,064$7,045
X-26 Total liabilitiesStart of year $8,064$7,045
X-27 Net assets without donor restrictionsStart of year $66,250$71,059
X-32 Total net assets or fund balancesStart of year $66,250$71,059
X-33 Total liabilities and net assetsStart of year $74,314$78,104
Part XI · Reconciliation of net assets $71,059 net assets at year end
XI-1 Total revenue$213,315
XI-2 Total expenses$208,506
XI-3 Revenue less expenses$4,809
XI-4 Net assets at start of year$66,250
XI-10 Net assets at end of year$71,059

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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