Honeybear Daycare Center

What it reported doing in 2024

Honeybear Daycare Center is pleased to announce 27 years of service to the children and families of Missoula, Montana and the surrounding area. Our mission is to provide a safe, nurturing, educational environment for all of our children. We are licensed by the State of Montana to care for children ranging from 2 to 8 years of age. In addition to our daily childcare program, we offer a preschool program, after school program, and a fully staffed summer program. Honeybear also partners with Hellgate High Schools Child Development classes in a grassroots effort to introduce those students to the business world and promote potential career opportunities upon graduation. Our full time professional teaching staff is supported by students from the University of Montanas work study program, many of whom are enrolled in the colleges Elementary Education Curriculum. Honeybears daily program adds a practical supplement to their classroom studies while providing additional income to the students. Each of our teachers participate in Civil Rights Training, continuing education classes, and have taken over and above the necessary training hours to meet government standards and maintain accreditation in the State of Montana.Honeybears present curriculum includes childcare, preschool lessons, interactive musical sessions by Tangled Tones Studio, dance with Miss Caitlin's Dance Class, Stretching, Exercise, and daily playground activities (weather permitting) and field trips to local events and points of interest.Honeybear Daycare participates in the USDA Food Program and provides approved nutritious meals at breakfast, lunch, and afternoon snack. Meals are served family style; with the exception during the pandemic. Mealtime affords a unique opportunity for the children to experience fellowship, while learning and practicing manners and table etiquette. Honeybear also participates in the state of Montanas Best Beginnings program which offers childcare scholarships to eligible families. Parents are encouraged to participate in any of our functions.During the 2024-25 school year, Honeybear has been privileged to serve over 100 area children and their families. We are also pleased to contribute to the local economy by providing equal employment opportunities as well as supporting local businesses and merchants. Honeybear has published a non-discriminatory policy and effectively implements policies, procedures, and systems that supports stable staff and strong fiscal, program management so all children, families, and staff have high quality experiences.

Financial Efficiency

• Mission deployment rate: 87.5%; rating input score 87
• Program expense ratio: 82.1%; rating input score 82
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 83.3%; rating input score 83; 22nd percentile among comparable filings
• Governance controls: 3 of 8 controls in place; rating input score 38
  • Conflict-of-interest policy: Fail
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -6.6%; rating input score 27; 27th percentile among comparable filings
• Total-asset coverage ratio: 0.8; rating input score 35; 35th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 59; 59th percentile among comparable filings
• Officer compensation ratio: 31.7%; rating input score 10; 10th percentile among comparable filings

Growth

• Program expense growth: 3.9% per year; rating input score 100; 49th percentile among comparable filings
• Revenue growth: 5% per year; rating input score 100; 52nd percentile among comparable filings
• Asset growth: 24.5% per year; rating input score 100; 88th percentile among comparable filings