Little Hearts Child Development Center
Nonprofit profile at a glance
- EIN
- 920825896
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024
- Location
- Fredericksburg, TX, USA
- Phone
- 8303073140
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Child Day Care
Reported finances
- Revenue
- $455,279
- Expenses
- $91,115
- Assets
- $473,940
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- LAURA JENSCHKE (PRESIDENT)
- DIETZ FISCHER (VICE PRESIDENT)
People named in this filing
- CARLA HERBIG (BOARD MEMBER)
- BARCLAY HAMMOND (BOARD MEMBER)
- TAYLOR WILLIAMS (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Little hearts' mission is to provide the highest quality care and education of infants and children that is child-centered, holistic, and values all children as individuals. We strive to create an inclusive and safe environment where each child(continue on sch o) develops a lifelong love of learning within a healthy community.
What it reported doing in 2024
During the year, little hearts focused on the planning and development necessary to launch its child care center. The organization oversaw the construction of a new facility designed to provide a safe and nurturing environment for infants and young children. Significant progress was made in coordinating the building project and ensuring compliance with all relevant health, safety, and accessibility standards.the organization also hired a center director to guide the licensing process, establish operational policies, and begin recruitment of qualified child care staff. Although the child care center was not yet licensed or staffed during the year, these foundational efforts were essential to preparing for the delivery of early childhood education and care services in the upcoming year.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 42
- Transparency & Controls: 83
- Accountability: 88
- Sustainability: 87
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 18.7%; rating input score 19
- Program expense ratio: 93.3%; rating input score 93
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 88.9%; rating input score 89; 5th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- 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: 80%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 5.2; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 18.7% of revenue deployed · 93.3% of spending went to programs
- Governance: 10 of 10 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $85K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 13 of 14 current checks pass · 1 finding to review
- Schedules: 3 filed schedules · includes major donors
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 19/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.