Happy Hearts FY2023 filing

Tax-deductible

Plattsmouth, NE501(c)(3)EIN 47-0710106Revenue $285K in FY2023

On file with the IRS2204 Lincoln Ave, 68048-2646 · Plattsmouth, NETax-exempt since May 1989Publicly supported — 509(a)(2)

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Low-income child care service

501(c)(3) charity; gifts are tax-deductible.
51¢ of each $1 spent went to programs.
$42K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $12K a year · 4% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
51%
of spending
Worth a look: 51% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$42K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 2 voting members
Concern: none of 2 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$285K
+41% vs prior year
Spent
$277K
To programs
51%
Net assets
$58K
By yearFY2020–FY2025
Revenue
$285K
FY2023▲ +41%
Tap a bar for its year
Revenue by fiscal year
FY2020$309K
FY2021$239K
FY2022$202K
FY2023$285K
FY2024$293K
FY2025$287K
Expenses
$277K
FY2023▲ +35%
Tap a bar for its year
Expenses by fiscal year
FY2020$347K
FY2021$249K
FY2022$205K
FY2023$277K
FY2024$297K
FY2025$309K
Net assets
$58K
FY2023▲ +25%
Tap a bar for its year
Net assets by fiscal year
FY2020$61K
FY2021$51K
FY2022$46K
FY2023$58K
FY2024$54K
FY2025$32K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1989.

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

Where the money goes

51 cents of each dollar spent went to programs.

Program services 51% · $141K Management & general 49% · $136K

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

2 people listed on the 990; $42K paid to officers and key staff.

Part VII, Section A · reportable compensation
$42,500Pt VII · Sec A
V President
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021
Pamela S Hart Kavualk$64,000$61,500$42,500$26,000$26,000

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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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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Happy Hearts is a nonprofit based in Plattsmouth, NE.

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Provided by the organization

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1 program · $141K · in their own filed words · FY2023
01

Child care services-provided child care to 40

$141Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$285K
Ln 12
Fees for servicesLn 2g$285K
Investment incomeLn 3$143
Money outPt IX
$277K
Ln 25
Programscol B$141K
Managementcol C$136K
Owns and owesPt X
$58K
net assets · Ln 32
Cash and savingsLn 1–2$27K
Total assetsLn 16$63K
LiabilitiesLn 26$5K
PeoplePt VI, VII
2
listed · VII A
PaidVII A1
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$285K
Investment incomeLn 3$143
Total revenueLn 12$285K
Assets in detailPt X, end of year
CashLn 1$27K
Cash and savings togetherLn 1–2$27K
Land, buildings, equipmentLn 10c$36K
Total assetsLn 16$63K
LiabilitiesLn 26$5K
Net assetsLn 32$58K
OperationsPt I, VI
EmployeesI 547
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$14K$27K
Land, buildings, equipmentLn 10c$36K$36K
Total assetsLn 16$50K$63K
LiabilitiesLn 26$3K$5K
Net assetsLn 32$46K$58K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$42K$42K
Other salaries and wagesLn 7$122K$122K
Payroll taxesLn 10$13K$13K
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$19K$19K
Office expensesLn 13$458$458
OccupancyLn 16$15K$15K
Depreciation, depletion and amortizationLn 22$353$353
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$37K$37K
All other expensesLn 24e$14K$14K
Total functional expensesLn 25$277K$141K$136K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $287K$309K−$22K$32K 990 PDF
FY2024 $293K$297K−$4K$54K 990 PDF
FY2023 Viewing $285K$277K$8K$58K 990 PDF
FY2022 $202K$205K−$3K$46K 990 PDF
FY2021 $239K$249K−$10K$51K 990 PDF
FY2020 $309K$347K−$38K$61K 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 FY2023 990 (6 parts)
Part I · Summary $284,799 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $201,974$284,656
I-10 Investment incomePrior year $21$143
I-11 Other revenue$0
I-12 Total revenuePrior year $201,995$284,799
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $136,332$176,734
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $68,401$100,332
I-18 Total expensesPrior year $204,733$277,066
I-19 Revenue less expensesPrior year −$2,738$7,733
Part VI · Governance 0 of 2 board members independent, 2 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $284,799 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $284,656$284,656
VIII-3 Investment incomeRelated to mission $143$143
VIII-12 Total revenueRelated to mission $284,799 · Unrelated business $0 · Excluded from tax $0$284,799
Part IX · Statement of functional expenses $277,066 across 11 lines filed
IX-5 Pay of current officers, directors and key staffManagement $42,500$42,500
IX-7 Other salaries and wagesPrograms $121,525$121,525
IX-10 Payroll taxesManagement $12,709$12,709
IX-11c Accounting feesManagement $4,040$4,040
IX-12 Advertising and promotionPrograms $18,955$18,955
IX-13 Office expensesManagement $458$458
IX-16 OccupancyManagement $15,073$15,073
IX-22 Depreciation, depletion and amortizationPrograms $353$353
IX-23 InsuranceManagement $10,406$10,406
IX-24 Other expenses (24a–d)Management $36,944$36,944
IX-24e All other expensesManagement $14,103$14,103
IX-25 Total functional expensesPrograms $140,833 · Management $136,233 · Fundraising $0$277,066
Part X · Balance sheet $62,833 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $13,524$26,711
X-10c Land, buildings and equipment, netStart of year $36,122$36,122
X-16 Total assetsStart of year $49,646$62,833
X-17 Accounts payable and accrued expensesStart of year $3,401$5,004
X-26 Total liabilitiesStart of year $3,401$5,004
X-32 Total net assets or fund balancesStart of year $46,245$57,829
X-33 Total liabilities and net assetsStart of year $49,646$62,833
Part XI · Reconciliation of net assets $57,829 net assets at year end
XI-1 Total revenue$284,799
XI-2 Total expenses$277,066
XI-3 Revenue less expenses$7,733
XI-4 Net assets at start of year$46,245
XI-9 Other changes in net assets$3,851
XI-10 Net assets at end of year$57,829

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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