Krayola Learning Academy INC

Tax-deductible

Covington, TN501(c)(3)Since 2004EducationEIN 03-0537017Revenue $636K in FY2025

On file with the IRS301 Mueller Brass Rd 8, 38019-3796 · Covington, TNTax-exempt since Sep 2023Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

Child care and day care facilities in a rural community

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 3 volunteers and 10 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $20K a year · 3% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$10K
to officers and key staff · 2% of spending
Top officer’s pay lower than 92% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $7K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$602K
80% of total assets
Worth a look: liabilities are 80% of assets; over 65%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$636K
-19% vs prior year
Spent
$661K
To programs
100%
Net assets
$152K
By yearFY2022–FY2025
Revenue
$636K
FY2025▼ -19%
Tap a bar for its year
Revenue by fiscal year
FY2022$629K
FY2023$961K
FY2024$783K
FY2025$636K
Expenses
$661K
FY2025▼ -11%
Tap a bar for its year
Expenses by fiscal year
FY2022$533K
FY2023$990K
FY2024$743K
FY2025$661K
Net assets
$152K
FY2025▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2022$348K
FY2023$319K
FY2024$169K
FY2025$152K

From the FY2025 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Exemption reinstated (2022-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Sep 2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $661K Fundraising 0% · $20

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

5 people listed on the 990; $10K paid to officers and key staff.

Part VII, Section A · reportable compensation
$10,000Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Rose K Stemmons’s $10K as President is at the 8th percentile of top reported officer pay among 1612 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022
Rose K Stemmons$10,000$7,000$12,000$5,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Krayola Learning Academy INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides child and day care facilities in a rural community.

Questions for Krayola Learning Academy INC

Tap to ask. Krayola Learning Academy INC sees how many people are interested.

Your first name shows with your question. Krayola Learning Academy INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $661K · in their own filed words · FY2025
01

Child care and day care

$661Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 1 funder$7K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$636K
Ln 12
Fees for servicesLn 2g$636K
Money outPt IX
$661K
Ln 25
Programscol B$661K
Fundraisingcol D$20
Owns and owesPt X
$152K
net assets · Ln 32
Cash and savingsLn 1–2$141K
Total assetsLn 16$754K
LiabilitiesLn 26$602K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$636K
Total revenueLn 12$636K
Assets in detailPt X, end of year
CashLn 1$16K
SavingsLn 2$125K
Cash and savings togetherLn 1–2$141K
Land, buildings, equipmentLn 10c$561K
Total assetsLn 16$754K
LiabilitiesLn 26$602K
Net assetsLn 32$152K
OperationsPt I, VI
EmployeesI 510
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$161K$141K
Land, buildings, equipmentLn 10c$581K$561K
Total assetsLn 16$806K$754K
LiabilitiesLn 26$637K$602K
Net assetsLn 32$169K$152K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$336K$336K$0$0
Payroll taxesLn 10$29K$29K$0$0
Legal feesLn 11b$4K$4K$0$0
Office expensesLn 13$11K$11K$0$0
TravelLn 17$2K$2K$0$0
InterestLn 20$25K$25K$0$0
Depreciation, depletion and amortizationLn 22$19K$19K$0$0
InsuranceLn 23$24K$24K$0$0
Other expenses (24a–d)Ln 24$144K$144K$0$20
All other expensesLn 24e$67K$67K$0$0
Total functional expensesLn 25$661K$661K$0$20

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $636K$661K−$25K$152K 990 PDF
FY2024 $783K$743K$40K$169K 990 PDF
FY2023 $961K$990K−$29K$319K 990 PDF
FY2022 $629K$533K$96K$348K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $635,863 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $783,004$635,863
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $783,004$635,863
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $427,693$365,239
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $315,728$295,590
I-18 Total expensesPrior year $743,421$660,829
I-19 Revenue less expensesPrior year $39,583−$24,966
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $635,863 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$635,863
VIII-12 Total revenueRelated to mission $635,863 · Unrelated business $0 · Excluded from tax $0$635,863
Part IX · Statement of functional expenses $660,829 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $335,825 · Management $0 · Fundraising $0$335,825
IX-10 Payroll taxesPrograms $29,414 · Management $0 · Fundraising $0$29,414
IX-11b Legal feesPrograms $4,250 · Management $0 · Fundraising $0$4,250
IX-13 Office expensesPrograms $10,713 · Management $0 · Fundraising $0$10,713
IX-17 TravelPrograms $1,529 · Management $0 · Fundraising $0$1,529
IX-20 InterestPrograms $24,824 · Management $0 · Fundraising $0$24,824
IX-22 Depreciation, depletion and amortizationPrograms $19,340 · Management $0 · Fundraising $0$19,340
IX-23 InsurancePrograms $23,890 · Management $0 · Fundraising $0$23,890
IX-24 Other expenses (24a–d)Programs $143,918 · Management $0 · Fundraising $20$143,938
IX-24e All other expensesPrograms $67,106 · Management $0 · Fundraising $0$67,106
IX-25 Total functional expensesPrograms $660,809 · Management $0 · Fundraising $20$660,829
Part X · Balance sheet $754,399 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $35,046$15,585
X-2 Savings and temporary cash investmentsStart of year $125,471$125,471
X-4 Accounts receivableStart of year $64,514$52,141
X-10c Land, buildings and equipment, netStart of year $580,542$561,202
X-16 Total assetsStart of year $805,573$754,399
X-17 Accounts payable and accrued expensesStart of year $48,741$31,241
X-26 Total liabilitiesStart of year $636,664$602,048
X-27 Net assets without donor restrictionsStart of year $168,909$152,351
X-32 Total net assets or fund balancesStart of year $168,909$152,351
X-33 Total liabilities and net assetsStart of year $805,573$754,399
Part XI · Reconciliation of net assets $152,351 net assets at year end
XI-1 Total revenue$635,863
XI-2 Total expenses$660,829
XI-3 Revenue less expenses−$24,966
XI-4 Net assets at start of year$168,909
XI-6 Donated services and use of facilities$152,351
XI-8 Prior period adjustments−$143,943
XI-10 Net assets at end of year$152,351

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.