2025-06-04T12:22:01-05:00 2023-12-31 362170602 WARADY & DAVIS LLP 1717 DEERFIELD RD SUITE 300S DEERFIELD IL 60015 990 2023-01-01 364345259 BROWN BEAR CORPORATION D/B/A BROWN BEAR DAYCARE BROW 8159433499 21007 MCGUIRE RD HARVARD IL 60033 SHEILA HENSON PRESIDENT AND EXECUTIVE DIRECTOR 8159433499 2025-05-13 1 1 CHRISTOPHER STRAUB P01278490 8472679600 2025-05-12 2023 2025-03-06 01:10:19Z X SHEILA HENSON 21007 MCGUIRE RD HARVARD IL 60033 5173251 0 X WWW.BROWNBEARDAYCARE.ORG X 1999 IL TO PROVIDE QUALITY DAY CARE SERVICES TO CHILDREN OF HARVARD, ILLINOIS 6 4 132 20 0 0 894207 1094376 3106331 3964131 27034 88893 5432 6442 4033004 5153842 15400 15789 0 0 2930342 3263563 0 0 29927 1124855 1119572 4070597 4398924 -37593 754918 8218000 9387446 625461 1023034 7592539 8364412 X OUR MISSION AT THE BROWN BEAR DAYCARE AND LEARNING CENTER IS TO PROVIDE QUALITY CHILDCARE AT THE HIGHEST QUALITY OF EARLY CHILDHOOD STANDARDS. WE STRIVE TO CREATE AN ENVIRONMENT THAT: MEETS THE BASIC NEEDS OF THE CHILD'S HEALTH AND PHYSICAL DEVELOPMENT; PROVIDES THE CHILD WITH ATTENTION, ACCEPTANCE AND AFFECTION; OFFERS OPPORTUNITIES TO EXPERIENCE SUCCESS IN ALL AREAS OF DEVELOPMENT; MEETS THE INDIVIDUAL NEEDS OF THE CHILD; BUILDS SELF ESTEEM; AND VALUES DIVERSITY AND SUPPORTS THE FAMILY. 0 0 3745912 15789 3964131 PROVIDE QUALITY DAYCARE SERVICES TO CHILDREN OF HARVARD, ILLINOIS 3745912 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 132 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 4 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 IL X SHANNON CARUSO 8159434025 21007 MCGUIRE RD HARVARD IL 60033 SHEILA HENSON PRESIDENT AND EXECUTIVE DI 50.00 X X 93254 0 7762 ELIZABETH TEVIS VICE PRESIDENT 1.00 X X 0 0 0 MICHELLE JUSTICE SECRETARY 1.00 X X 5887 0 0 ANNETTE HILDRETH TREASURER 1.00 X X 0 0 0 SUSAN FOAT DIRECTOR 1.00 X 0 0 0 JESSICA PRESTON DIRECTOR 1.00 X 0 0 0 JOHN BLANK FACILITY MANAGER 40.00 X 105080 0 7762 204221 0 15524 1 0 0 0 0 1037376 57000 1094376 GOVERNMENT DAYCARE SUB 624410 2869693 2869693 PARENT DAYCARE REGISTR 624410 836536 836536 FOOD PROGRAM SUBSIDY 624410 257902 257902 3964131 76362 76362 17940 14000 19409 0 -1469 14000 12531 12531 CHANGE IN CSV OF LIFE 900099 5594 5594 MISCELLANEOUS REVENUE 900099 848 848 6442 5153842 3964131 0 95335 15789 15789 111564 76089 30191 5284 379317 172103 183787 23427 2357347 2256435 100912 76763 71936 4827 126966 126966 211606 189514 21076 1016 41090 41090 1429 1429 38579 24192 14387 9123 9123 29214 23371 5843 13038 13038 284062 227251 56811 7680 7680 21534 21430 104 33266 33266 413422 330738 82684 31348 25078 6270 FOOD AND BEVERAGES 132703 132703 EDUCATIONAL SUPPLIES 35230 28184 7046 FIELD TRIPS 11734 11734 DUES/SUBSCRIPTIONS 6218 4353 1865 9902 366 9336 200 4398924 3745912 623085 29927 362581 3014164 1893962 1104728 505425 18550 7358 6205 8009934 2660704 3327272 5349230 331410 372414 353947 355452 476012 60571 66165 8218000 9387446 225061 639343 400400 383691 625461 1023034 X 7592539 8364412 7592539 8364412 8218000 9387446 754918 35506 -18551 0 X X 0 1 X 1 0 X 20000 1357205 1007186 894207 1094376 4372974 2183141 2268509 2874790 3106331 3964131 14396902 2203141 3625714 3881976 4000538 5058507 18769876 20000 20000 40000 0 20000 20000 40000 18729876 19280 29680 21365 28657 76362 175344 19280 29680 21365 28657 76362 175344 5432 6442 11874 2222421 3655394 3903341 4034627 5141311 18957094 0.98800 0.99320 0.00920 0.00650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 129000 129000 518495 518495 4777371 2054982 2722389 83619 57238 26381 2501449 548484 1952965 5349230 X 5172130 35506 -15789 19717 5152413 1429 1429 5153842 4381706 0 4381706 1429 15789 17218 4398924 PART X, LINE 2: THE DAYCARE ADOPTED THE GUIDANCE IN THE FASB CODIFICATION TOPIC RELATED TO UNCERTAINTY IN INCOME TAXES WHICH PRESCRIBES A COMPREHENSIVE MODEL FOR RECOGNIZING, MEASURING, PRESENTING AND DISCLOSING IN THE FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT THE DAYCARE HAS TAKEN OR EXPECTS TO TAKE IN ITS TAX RETURNS. UNDER THAT GUIDANCE, THE DAYCARE MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON ITS TECHNICAL MERITS. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE DAYCARE AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION SHOULD BE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH A TAXING AUTHORITY HAVING FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. THE DAYCARE BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS RETURNS. PART XI, LINE 2D - OTHER ADJUSTMENTS: TUITION SCHOLARSHIPS NETTED AGAINST REVENUE ON 990 -15,789. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION SCHOLARSHIPS NETTED AGAINST REVENUE ON 990 15,789. 1 DAYCARE SCHOLARSHIPS 51 15789 FORM 990, SCHEDULE I, PART IV THE ORGANIZATION PROVIDES DAYCARE TUITION SCHOLARSHIPS TO DAYCARE FAMILIES DETERMINED TO BE IN NEED OF ASSISTANCE. THE SCHOLARSHIP AMOUNTS REDUCE THE NONSUBSIDIZED PORTION OF REGISTRATION FEES FOR WHICH THE FAMILIES ARE RESPONSIBLE. ELVIS J HENSON TR - MARITAL TRUST THE LESSOR IS A MARITAL TRUST OF THE FATHER OF THE DAYCARE'S EXEC. DIRECTOR 145992 RENTAL PAYMENT - A FAMILY RELATIONSHIP EXISTS BETWEEN THE EXECUTIVE DIRECTOR AND THE OWNER OF THE COMPANY THAT LEASES THE BUILDING TO THE ORGANIZATION. 0 JOHN BLANK JOHN BLANK IS THE SPOUSE OF SHELIA HENSON, THE EXECUTIVE DIRECTOR. 112842 COMPENSATION FOR BUILDING MAINTENANCE AND GROUNDSKEEPING. 0 FORM 990 PAGE 1, ITEM B & PART I SUMMARY: THE RETURN IS BEING AMENDED BECAUSE AUDITED FINANCIAL STATEMENTS WERE NOT READY INITIALLY. CHANGES WERE MADE TO THE STATEMENENT OF REVENUE AND FUNCTIONAL EXPENSES, AS WELL AS THE BALANCE SHEET. PLEASE SEE PARTS III, IV, VIII, IX, X, XI, AND XII FOR AMENDED AMOUNTS. PLEASE SEE SCHEDULE A, PART III, SECTIONS A & B, COLUMNS E & F FOR CHANGES IN THE PUBLIC SUPPORT CALCULATION, AS AMENDED. PLEASE SEE SCHEDULE B, PART I, AS AMENDED. PLEASE SEE SCHEDULE D, PART VI, XI, XII, AND XIII, AS AMENDED. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF FORM 990 IS PROVIDED TO THE ORGANIZATION'S EXECUTIVE DIRECTOR AND TREASURER/SECRETARY WHO PRESENTS THE FORM 990 TO THE BOARD OF DIRECTORS FOR REVIEW AND DISCUSSION PRIOR TO FINALIZING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEWS ANNUAL DISCLOSURES OF BOARD MEMBERS AND KEY EMPLOYEES TO ENSURE THAT ANY TRANSACTION THAT COULD RESULT IN CONFLICTS OF INTEREST IS MONITORED FOR APPROPRIATENESS AND IS ARMS LENGTH. FORM 990, PART VI, SECTION B, LINE 15A BOARD MEMBERS ARE RESPONSIBLE FOR REVIEWING OFFICERS AND OTHER EMPLOYEE SALARIES BY COMPARING INDUSTRY SALARY DATA. EXECUTIVE DIRECTOR COMPENSATION IS APPROVED BY THE BOARD. THERE ARE NO OTHER COMPENSATED OFFICERS OR KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS HAVE NOT HISTORICALLY BEEN MADE AVAILABLE TO THE PUBLIC, HOWEVER, IF REQUESTED THEY WOULD BE MADE AVAILABLE. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.