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.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$10K
6% of total assets
Looks good: liabilities are 6% 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
$1.2M
-16% vs prior year
Spent
$1.3M
To programs
100%
Net assets
$154K
By yearFY2020–FY2024
Revenue
$1.2M
FY2023▼ -16%
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
FY2023▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$838K
FY2021$922K
FY2022$1.3M
FY2023$1.3M
FY2024$963K
Net assets
$154K
FY2023▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$21K
FY2021$62K
FY2022$166K
FY2023$154K
FY2024$95K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2023 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.

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$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
  • Loans to or from officersSch L · Pt II1 listed

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 · FY2023
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 FY2023 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$941K
Gifts and grantsLn 1h$283K
Money outPt IX
$1.3M
Ln 25
Programscol B$1.3M
Owns and owesPt X
$154K
net assets · Ln 32
Cash and savingsLn 1–2$75K
Total assetsLn 16$164K
LiabilitiesLn 26$10K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$283K
Fees for servicesLn 2g$941K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$75K
Cash and savings togetherLn 1–2$75K
Land, buildings, equipmentLn 10c$60K
Total assetsLn 16$164K
LiabilitiesLn 26$10K
Net assetsLn 32$154K
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 FY23End FY23
Cash and savingsLn 1–2$114K$75K
Land, buildings, equipmentLn 10c$46K$60K
Total assetsLn 16$179K$164K
LiabilitiesLn 26$13K$10K
Net assetsLn 32$166K$154K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$111K$111K
Other salaries and wagesLn 7$496K$496K
Payroll taxesLn 10$48K$48K
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$27K$27K
Advertising and promotionLn 12$1K$1K
Information technologyLn 14$3K$3K
OccupancyLn 16$172K$172K
TravelLn 17$13K$13K
Conferences, conventions and meetingsLn 19$10K$10K
InterestLn 20$1K$1K
Depreciation, depletion and amortizationLn 22$16K$16K
InsuranceLn 23$27K$27K
Other expenses (24a–d)Ln 24$298K$298K
All other expensesLn 24e$16K$16K
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 Viewing $1.2M$1.3M−$26K$154K 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $1,223,913 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $422,153$283,284
I-9 Program service revenuePrior year $939,460$940,629
I-10 Investment income$0
I-11 Other revenuePrior year $88,500$0
I-12 Total revenuePrior year $1,450,113$1,223,913
I-13 Grants and similar amounts paidPrior year $1,000$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $659,647$655,064
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $683,449$595,012
I-18 Total expensesPrior year $1,344,096$1,250,076
I-19 Revenue less expensesPrior year $106,017−$26,163
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 $1,223,913 across 4 lines filed
VIII-1f All other contributions, gifts and grants$283,284
VIII-1h Total contributions, gifts and grants$283,284
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $940,629$940,629
VIII-12 Total revenueRelated to mission $940,629 · Unrelated business $0 · Excluded from tax $0$1,223,913
Part IX · Statement of functional expenses $1,250,076 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $110,508$110,508
IX-7 Other salaries and wagesPrograms $496,493$496,493
IX-10 Payroll taxesPrograms $48,063$48,063
IX-11c Accounting feesPrograms $10,133$10,133
IX-11g Other fees for servicesPrograms $26,758$26,758
IX-12 Advertising and promotionPrograms $1,281$1,281
IX-14 Information technologyPrograms $3,186$3,186
IX-16 OccupancyPrograms $172,242$172,242
IX-17 TravelPrograms $12,889$12,889
IX-19 Conferences, conventions and meetingsPrograms $9,906$9,906
IX-20 InterestPrograms $1,141$1,141
IX-22 Depreciation, depletion and amortizationPrograms $15,898$15,898
IX-23 InsurancePrograms $27,245$27,245
IX-24 Other expenses (24a–d)Programs $298,246$298,246
IX-24e All other expensesPrograms $16,087$16,087
IX-25 Total functional expensesPrograms $1,250,076 · Management $0 · Fundraising $0$1,250,076
Part X · Balance sheet $163,852 assets, 7 lines filed
Asset lines not itemized here account for $28,819; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $114,135$75,159
X-10c Land, buildings and equipment, netStart of year $46,412$59,874
X-16 Total assetsStart of year $179,374$163,852
X-25 Other liabilitiesStart of year $597$166
X-26 Total liabilitiesStart of year $13,028$9,934
X-32 Total net assets or fund balancesStart of year $166,346$153,918
X-33 Total liabilities and net assetsStart of year $179,374$163,852
Part XI · Reconciliation of net assets $153,918 net assets at year end
XI-1 Total revenue$1,223,913
XI-2 Total expenses$1,250,076
XI-3 Revenue less expenses−$26,163
XI-4 Net assets at start of year$166,346
XI-8 Prior period adjustments$13,735
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$153,918

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

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