Hancock County Learning Center INC EIN 86-2792783 Form 990 (PDF) Claim this org

Hancock County Learning Center INC

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Hancock County Learning Center INC is a human services nonprofit based in Britt, IA, formed in 2021. For fiscal year 2025 it reported $287K in revenue, $329K in expenses, and $10K in net assets.Pt I

Founded
2021
Type
Public charity (501(c)(3)) · Human Services
Location
Britt, IA
Filings
5 on file (2021–2025)
Revenue
$287KFY2025
Expenses
$329K
Net assets
$10K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  86-2792783 Public charity (501(c)(3)) Britt, IA Founded 2021
Form 990 (PDF)
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Size
$100K–1M
What they do
a human services nonprofit
Leadership
Taylor Frascht · Board Member
Money in and out
$287K revenue, $329K expenses
Bottom line
100% program efficiency
Where the money goes · FY2025
Total revenue
$287K
Pt VIII · Ln 12
Total expenses
$329K
Pt IX · Ln 25
Net assets
$10K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$42K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
2.2mo
months of highly liquid reserves at operating expense rate▼ -41% vs prior filing year
Surplus margin
-15%
revenue over expenses, this year▼ -781% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$287K
FY2025▼ -15%
Expenses
$329K
FY2025▼ -0.9%
Total assets
$64K
FY2025▼ -38%
Total liabilities
$53K
FY2025▲ +7%
Total revenue
$287K
Pt VIII · Ln 12
Total expenses
$329K
Pt IX · Ln 25
Net assets
$10K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$42K
Total assetsPt X · Ln 16$64K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHancock County Learning Center INC
EINHdr · item D86-2792783
Principal addressHdr · item CBritt, IA
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2021
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P33)
Ruling yearIRS BMFMar 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $329K of program spending, described in the organization's own filed words · FY2025.
01

Day care services at day care center for community.

$329Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue100%$287K
Total revenueLn 12$287K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$329K
Total functional expensesLn 25$329K

Balance Sheet

Part X · end of year
CashLn 1$61K
Total assetsLn 16$64K
Total liabilitiesLn 26$53K
Total net assetsLn 32$10K
Months of cash on handcomputed2.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $61K · Operating expenses/yr $329K
2.2 months
Where the money goes
Program services
Program services $329K · Total expenses $329K
100%
Management & General
Management & general $0 · Total expenses $329K
0%
Fundraising
Fundraising $0 · Total expenses $329K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $287K
0%
Government reliance
Government grants — · Total revenue $287K
Earned-income share
Program service revenue $287K · Total revenue $287K
100%
Investment reliance
Investment income $0 · Total revenue $287K
0%
Program self-sufficiency
Program service revenue $287K · Total expenses $329K
87%
Growth & trend
Revenue growth (YoY)
This year $287K · Prior year $339K
-15%
Revenue CAGR
FY2021 $241K · FY2025 $287K
+4%
Net-asset trend (YoY)
End of year $10K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $287K · Expenses $329K
-15%
Liabilities-to-Assets
Total liabilities — · Total assets $64K
Net-asset ratio
Net assets $10K · Total assets $64K
16%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $64K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Taylor Frascht · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $329K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $231K · Total expenses $329K
70%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Revenue growth -15%

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

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$1K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$287K revenue · viewing · ⤓ 990 PDF
FY2024$339K revenue · ⤓ 990 PDF
FY2023$304K revenue · ⤓ 990 PDF
FY2022$363K revenue · ⤓ 990 PDF
FY2021$241K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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