2011-03-28T20:04:20-05:00 2010-08-31 SEIM JOHNSON SESTAK & QUIST LLP 8807 INDIAN HILLS DRIVE SUITE 300 OMAHA NE 681144123 990 2009-09-01 800015385 EDUCARE OF OMAHA INC EDUC 4028981783 2123 PAUL STREET OMAHA NE 68102 GLADYS HAYNES 4028981783 2011-03-18 1 Barbara J Fajen 4023302660 2009 2016-02-24 21:20:13Z GLADYS HAYNES 2123 PAUL STREET OMAHA NE 68102 7344918 0 X WWW.EDUCAREOMAHA.COM X 2001 NE EDUCARE, A NEBRASKA NOT-FOR-PROFIT CORPORATION, WAS CREATED TO PROVIDE EDUCATIONAL & DEVELOPMENTAL PROGRAMS TO AT-RISK PRE-KINDERGARTEN CHILDREN MEETING DESIGNATED CRITERIA WITHIN THE OMAHA METROPOLITAN AREA. 7 7 161 443 0 0 4695167 6236979 348415 338811 3136 -245268 0 5046718 6330522 3439164 4057446 0 4336340 5086235 0 0 887668 800835 8663172 9944516 -3616454 -3613994 4998262 1456513 1075990 774311 3922272 682202 EDUCARE CENTERS ARE COMMITTED TO HELPING YOUNG CHILDREN GROW UP SAFE, HEALTHY AND EAGER TO LEARN. THROUGH A CONSORTIUM OF PARTNERS, WE CREATE, PROVIDE AND PROMOTE THE HIGHEST QUALITY OUTCOME-BASED LEARNING ENVIRONMENTS FOR FAMILIES AND THEIR CHILDREN, AGES PRENATAL TO 5 YEARS, WHO ARE AT-RISK FOR SCHOOL FAILURE.OUR PRINCIPALS AND PRACTICES ARE BASED ON CONTINUAL RESEARCH AND IMPLEMENTATION WITHIN THE FIELD OF EARLY CHILDHOOD EDUCATION. OUR CHILDREN'S SUCCESS WILL DEMONSTRATE THE SOCIETAL AND ECONOMIC VALUE OF INVESTING IN THE EARLIEST YEARS IN ORDER TO PREVENT THE NEED FOR COSTLY INTERVENTIONS LATER. 0 0 9631219 338811 PROGRAM OPERATION: OPERATE EARLY CHILDHOOD PROGRAM FOCUSING ON DEVELOPMENT OF LITERACY SKILLS AND IDENTIFICTION OF DEVELOPMENT PROBLEMS FOR CHILDREN AT RISK. LONGITUDINAL RESEARCH: RESEARCH TO DETERMINE THE VALUE OF THIS PROGRAM IN CONJUNCTION WITH THE UNIVERSITY OF NORTH CAROLINA. PARTNERSHIP BUILDING: FORM EFFECTIVE PARTNERSHIPS BETWEEN OMAHA PUBLIC SCHOOLS AND OMAHA PULIC SCHOOLS HEADSTART, AND MODEL THE PROGRAM AFTER CHICAGO'S EDUCARE PROGRAM. 9631219 1 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 11 0 1 161 1 0 0 0 0 0 0 0 0 0 7 7 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X LUANN BRINKMAN 4028981783 2123 PAUL STREET OMAHA NE 68102 DAN PEDERSEN 1.00 X 0 0 0 JESSIE RASMUSSEN 1.00 X 0 0 0 JOHN MACKIEL 1.00 X 0 0 0 ISAIAH WILSON 1.00 X 0 0 0 TEELA RAMSEY 1.00 X 0 0 0 dOn erikson 1.00 X 0 0 0 ANA LAMAS 1.00 X 0 0 0 GLADYS HAYNES 40.00 X 90869 0 16992 LUANN BRINKMAN 40.00 X 43861 0 11904 LAILA YASMEEN WELLS FYE 08 40.00 X 0 0 0 GRACIELA SHARIF FYE 08 1.00 X 0 0 0 ERINE WEEKES FYE 08 40.00 X 0 0 0 134730 0 28896 0 0 0 0 KIEWIT CORPORATION 1000 KIEWIT PLAZA OMAHA NE 68131 CONSTRUCTION 2351231 RDG Planning & design 900 FARNAM ON THE MALL SUITE 100 OMAHA NE 68102 architecture 182448 2 3725727 2511252 6236979 PRESCHOOL TUITION 611600 197032 197032 OTHER REVENUE 611600 78568 78568 SPECIAL EDUCATION 611600 63211 63211 338811 10398 10398 758730 1014396 -255666 -255666 -255666 6330522 338811 0 -245268 4057446 4057446 179241 179241 4128432 4110857 17575 44254 44254 326352 322267 4085 407956 407956 8050 8050 28153 28153 73948 66598 7350 1533 1533 448138 441177 6961 9406 8708 698 84238 66682 17556 26230 26230 38825 21427 17398 17434 17434 BAD DEBT 45312 45312 MISCELLANEOUS 13125 13125 DUES AND SUBSCRIPTIONS 6443 6443 9944516 9631219 313297 0 268428 412017 10584 96236 2363218 713980 84045 43519 35206 38027 312157 159423 1488113 152734 748668 4998262 1456513 485159 398603 150000 250000 440831 125708 1075990 774311 X 1388508 288966 2533764 393236 3922272 682202 4998262 1456513 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 173982 84091 89891 138175 75332 62843 152734 LINE OF CREDIT 125708 125708 6330522 9944516 -3613994 373924 373924 -3240070 8019951 373924 1315505 1689429 6330522 0 6330522 11260021 1315505 1315505 9944516 0 9944516 Part X: Description of Uncertain Tax Positions Under FIN 48: EDUCARE ACCOUNTS FOR UNCERTAINTIES IN ACCOUNTING FOR INCOME TAX ASSETS AND LIABILITIES USING GUIDANCE INCLUDED IN FASB ASC 740,INCOME TAXES. EDUCARE RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. AT AUGUST 31, 2010, EDUCARE HAD NO UNCERTAIN TAX POSITIONS ACCRUED. 1 1 1 ALL PROGRAM MATERIALS AND REGISTRATION MATERIALS PROVIDED TO STUDENTS AND PARENTS INCLUDE EDUCARE'S RACIALLY NONDISCRIMINATORY POLICY. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 EDUCARE OF OMAHA, INC. IS LARGELY SUPPORTED BY GOVERNMENT GRANTS. THE GRANTS RECEIVED DURING THE FISCAL YEAR ENDED 08/31/10 ARE DETAILED ON SCHEDULE B. 1 1 OMAHA SCHOOLS FOUNDATION 3215 CUMING STREET OMAHA NE 68131 363301526 501(C)(3) 2724169 FOR THE CONSTRUCTION PROJECT OF AN EARLY CHILDHOOD EDUCATION FACILITY DOUGLAS COUNTY SCHOOL DISTRICT #0001 3215 CUMING STREET OMAHA NE 68131 476002629 DOUGLAS CNTY NE 1333277 FOR THE CONSTRUCTION PROJECT OF AN EARLY CHILDHOOD EDUCATION FACILITY 2 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: DURING 2009, THE DOUGLAS COUNTY SCHOOL DISTRICT #0001 ENTERED INTO AN AGREEMENT WITH EDUCARE OF OMAHA, INC. AND THE BUFFET EARLY CHILDHOOD FUND WHEREAS EDUCARE AND THE BUFFETT EARLY CHILDHOOD FUND AGREED TO COOPERATE WITH THE DOUGLAS COUNTY SCHOOL DISTRICT #0001 TO CREATE AN EARLY CHILDHOOD EDUCATION FACILITY. IN THE AGREEMENT, EDUCARE AND THE BUFFETT EARLY CHILDHOOD FUND HAVE AGREED TO PAY FOR THE COSTS OF THE CONSTRUCTION OF THE PROJECT. CONSTRUCTION COSTS FOR THE PROJECT ARE PAID AND ACCOUNTED FOR BY EDUCARE, WHICH IS HOW EDUCARE VERIFIES HOW ITS GRANT FUNDS ARE SPENT. IN 2010 THE CONSTRUCTION OF THE EARLY CHILDHOOD FACILITY WAS COMPLETED. EARLY CHILDHOOD EDUCATION FACILITY - BUILDING 2010-08-31 1333277 ACTUAL COSTS INCURRED BY EDUCARE OF OMAHA, INC. 476002629 DOUGLAS COUNTY SCHOOL DISTRICT #0001 3215 CUMING STREET OMAHA NE 68131 GOVERNMENTAL ENTITY: DOUGLAS COUNTY NE CAPITAL CAMPAIGN FUNDS 2010-08-26 2724169 TOTAL FUNDS TRANSFERRED. 363301526 OMAHA SCHOOLS FOUNDATION 3215 CUMING STREET OMAHA NE 68131 501(C)(3) 0 0 0 0 Form 990, Part VI, Section A, line 2 A BUSINESS RELATIONSHIP EXISTS BETWEEN JESSIE RASMUSSEN, THE BOARD PRESIDENT, AND DAN PEDERSEN, HONORARY BOARD MEMBER. BOTH JESSIE AND DAN ARE DIRECTORS AND KEY EMPLOYEES OF BUFFETT EARLY CHILDHOOD FUND. Form 990, Part VI, Section B, line 11 The tax department of the CPA firm that does the Educare of Omaha, Inc's. year-end audit reviews the Form 990 tax return prior to filing. The Educare accountant prepares and completes the Form 990. A draft of the Form 990 will be submitted to Educare to be reviewed by the executive director and accountant. After a thorough review by CPA firm, Educare executive director and accountant, The FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS PRIOR TO FILING THE RETURN. Form 990, Part VI, Section B, line 12c THE CONFLICT OF INTEREST POLICY IS ANNUALLY REVIEWED AND SIGNED AT A MEETING OF THE BOARD OF DIRECTORS. THE EXECUTIVE DIRECTOR IS RESPONSIBLE FOR KEEPING THE POLICY ON FILE. Form 990, Part VI, Section B, line 15 An established salary scale for employees is used. Compensation is related to degrees, job experience and years on the job. Management reviews and takes a cost of living adjustment (COLA) to the board of directors in September. Head Start and Early Head Start COLA can be announced anytime. If Head Start and Early Head Start ARE higher, the difference is paid out if less than cost with pre-determined amount. Form 990, Part VI, Section C, line 19 Governing documents are on file and made available to public and potential funders upon request or as needed. Conflict of interest policy is identified in financial policies and procedures employee handbook and is made available to the public upon request. Financial statements and the audit report ARE submitted to the audit clearinghouse on-line. The board is presented with an end of year report or annual report by the executive director. THE ENTIRE BOARD OF DIRECTORS IS THE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF EDUCARE'S FINANCIAL STATEMENTS. THE BOARD OF DIRECTORS IS ALSO THE COMMITTEE INVOLVED IN THE SELECTION OF THE INDEPENDENT ACCOUNTANT.