Happy Jacks learning center is a licensed daycare facility providing a quality learning environment for approximately 75-95 children every week. Families are accepted without regard to any social, economic, racial or other barriers.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$105K 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

FY2022 · 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
2 of 5
filings with a surplus
Average surplus $6K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$105K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$13K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
+51% vs prior year
Spent
$1.3M
To programs
100%
Net assets
$166K
By yearFY2020–FY2024
Revenue
$1.5M
FY2022▲ +51%
Tap a bar for its year
Revenue by fiscal year
FY2020$802K
FY2021$963K
FY2022$1.5M
FY2023$1.2M
FY2024$908K
Expenses
$1.3M
FY2022▲ +46%
Tap a bar for its year
Expenses by fiscal year
FY2020$838K
FY2021$922K
FY2022$1.3M
FY2023$1.3M
FY2024$963K
Net assets
$166K
FY2022▲ +168%
Tap a bar for its year
Net assets by fiscal year
FY2020$21K
FY2021$62K
FY2022$166K
FY2023$154K
FY2024$95K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. 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

100 cents of each dollar spent went to programs.

Program services 100% · $1.3M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990; $105K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$78,001Pt VII · Sec A
$27,492Pt VII · Sec A
Secretarytreasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Valarie Cadenhead’s $81K as Executive Director is at the 72nd percentile of top reported officer pay among 1613 $100K–1M 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 · 2 named individuals · Part VII

NameFY2024FY2022FY2021FY2020
Valarie Cadenhead$81,194$78,001$70,597$59,293
Robbie Cadenhead$34,694$27,492$10,901$8,770

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides quality daycare and learning for about 80 children weekly, regardless of background.

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Provided by the organization

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1 program · $1.3M · in their own filed words · FY2022
01

Happy jacks learning center operates an educational facility for children to provide a quality learning environment for all children regardless of social, economic or racial barriers.

$1.3Mprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Fees for servicesLn 2g$939K
Gifts and grantsLn 1h$422K
Other incomeLn 4–11$88K
Money outPt IX
$1.3M
Ln 25
Programscol B$1.3M
Owns and owesPt X
$166K
net assets · Ln 32
Cash and savingsLn 1–2$114K
Total assetsLn 16$179K
LiabilitiesLn 26$13K
PeoplePt VI, VII
4
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$422K
Fees for servicesLn 2g$939K
Other incomeLn 4–11$88K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$114K
Cash and savings togetherLn 1–2$114K
Land, buildings, equipmentLn 10c$46K
Total assetsLn 16$179K
LiabilitiesLn 26$13K
Net assetsLn 32$166K
OperationsPt I, VI
EmployeesI 533
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$114K$114K
Land, buildings, equipmentLn 10c$52K$46K
Total assetsLn 16$178K$179K
LiabilitiesLn 26$116K$13K
Net assetsLn 32$62K$166K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1K$1K
Pay of current officers, directors and key staffLn 5$105K$105K
Other salaries and wagesLn 7$506K$506K
Payroll taxesLn 10$48K$48K
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$58K$58K
Advertising and promotionLn 12$10K$10K
Office expensesLn 13$5K$5K
Information technologyLn 14$4K$4K
OccupancyLn 16$150K$150K
TravelLn 17$19K$19K
Conferences, conventions and meetingsLn 19$11K$11K
InterestLn 20$1K$1K
Depreciation, depletion and amortizationLn 22$18K$18K
InsuranceLn 23$39K$39K
Other expenses (24a–d)Ln 24$334K$334K
All other expensesLn 24e$26K$26K
Total functional expensesLn 25$1.3M$1.3M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $908K$963K−$55K$95K 990 PDF
FY2023 $1.2M$1.3M−$26K$154K 990 PDF
FY2022 Viewing $1.5M$1.3M$106K$166K 990 PDF
FY2021 $963K$922K$41K$62K 990 PDF
FY2020 $802K$838K−$36K$21K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $1,450,113 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,000$422,153
I-9 Program service revenuePrior year $953,266$939,460
I-10 Investment income$0
I-11 Other revenue$88,500
I-12 Total revenuePrior year $963,266$1,450,113
I-13 Grants and similar amounts paid$1,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $515,644$659,647
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $406,140$683,449
I-18 Total expensesPrior year $921,784$1,344,096
I-19 Revenue less expensesPrior year $41,482$106,017
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,450,113 across 5 lines filed
VIII-1f All other contributions, gifts and grants$422,153
VIII-1h Total contributions, gifts and grants$422,153
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $939,460$939,460
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $88,500$88,500
VIII-12 Total revenueRelated to mission $939,460 · Unrelated business $0 · Excluded from tax $88,500$1,450,113
Part IX · Statement of functional expenses $1,344,096 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $1,000$1,000
IX-5 Pay of current officers, directors and key staffPrograms $105,493$105,493
IX-7 Other salaries and wagesPrograms $506,143$506,143
IX-10 Payroll taxesPrograms $48,011$48,011
IX-11c Accounting feesPrograms $9,763$9,763
IX-11g Other fees for servicesPrograms $57,531$57,531
IX-12 Advertising and promotionPrograms $10,438$10,438
IX-13 Office expensesPrograms $4,594$4,594
IX-14 Information technologyPrograms $3,662$3,662
IX-16 OccupancyPrograms $149,733$149,733
IX-17 TravelPrograms $18,599$18,599
IX-19 Conferences, conventions and meetingsPrograms $11,115$11,115
IX-20 InterestPrograms $1,139$1,139
IX-22 Depreciation, depletion and amortizationPrograms $18,194$18,194
IX-23 InsurancePrograms $39,086$39,086
IX-24 Other expenses (24a–d)Programs $334,044$334,044
IX-24e All other expensesPrograms $25,551$25,551
IX-25 Total functional expensesPrograms $1,344,096 · Management $0 · Fundraising $0$1,344,096
Part X · Balance sheet $179,374 assets, 7 lines filed
Asset lines not itemized here account for $18,827; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $114,081$114,135
X-10c Land, buildings and equipment, netStart of year $51,507$46,412
X-16 Total assetsStart of year $178,182$179,374
X-25 Other liabilitiesStart of year $11,318$597
X-26 Total liabilitiesStart of year $116,022$13,028
X-32 Total net assets or fund balancesStart of year $62,160$166,346
X-33 Total liabilities and net assetsStart of year $178,182$179,374
Part XI · Reconciliation of net assets $166,346 net assets at year end
XI-1 Total revenue$1,450,113
XI-2 Total expenses$1,344,096
XI-3 Revenue less expenses$106,017
XI-4 Net assets at start of year$62,160
XI-8 Prior period adjustments−$1,831
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$166,346

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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