Land Academy

Tax-deductible

Memphis, TN501(c)(3)Human ServicesEIN 26-3809053

The land academy provide child care services for low to moderate income families

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Run by 10 volunteers and 21 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $7K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$142K
to officers and key staff · 11% of spending
Top officer’s pay lower than 73% of similar orgs
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$215K
61% of total assets
Fine: liabilities are 61% of assets; 50% to 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
$1.1M
-3% vs prior year
Spent
$1.3M
To programs
77%
Net assets
$137K
By yearFY2020–FY2024
Revenue
$1.1M
FY2024▼ -3%
Revenue by fiscal year
FY2020$903K
FY2021$936K
FY2022$1.4M
FY2023$1.2M
FY2024$1.1M
Expenses
$1.3M
FY2024▲ +0.6%
Expenses by fiscal year
FY2020$905K
FY2021$907K
FY2022$1.2M
FY2023$1.3M
FY2024$1.3M
Net assets
$137K
FY2024▼ -60%
Net assets by fiscal year
FY2020$95K
FY2021$202K
FY2022$437K
FY2023$342K
FY2024$137K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2009.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $978K Management & general 23% · $294K

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

Who runs it and what they're paid

2 people listed on the 990; $142K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$92,000Pt VII · Sec A
$50,000Pt VII · Sec A

Jeaneen Shelton’s $92K as Executive Di is at the 27th percentile of top reported officer pay among 3868 $1–10M human services 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jeaneen Shelto—$90,000$96,600$78,000$82,333
Jeaneen Shelton$92,000————
Elliot Shelton$50,000$48,000———
Eliot Shelton——$49,600——

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 Land Academy executive salaries →

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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 15aNo

Programs and updates

Provides childcare for low to moderate-income families.

Provided by the organization

This section is blank until Land Academy claims this page.

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3 program services account for $661K of program spending, described in the organization's own filed words · FY2024.
01

The primary source of revenue was from the state of TN and the primary expense was payroll.

$541Kprogram expense
02

The secondary source of revenue was from private tuition and the major secondary expense was repairs and maintenance.

$68Kprogram expense
03

The tertiary source of revenue was from the dept of human services and the leading expense was food services.

$52Kprogram expense

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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 · FY2024
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$13K
Money outPt IX
$1.3M
Ln 25
Programscol B$978K
Managementcol C$294K
Owns and owesPt X
$137K
net assets · Ln 32
Cash and savingsLn 1–2$315K
Total assetsLn 16$352K
LiabilitiesLn 26$215K
PeoplePt VI, VII
2
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$13K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$315K
Cash and savings togetherLn 1–2$315K
Land, buildings, equipmentLn 10c$38K
Total assetsLn 16$352K
LiabilitiesLn 26$215K
Net assetsLn 32$137K
OperationsPt I, VI
EmployeesI 521
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$427K$315K
Land, buildings, equipmentLn 10c$66K$38K
Total assetsLn 16$493K$352K
LiabilitiesLn 26$151K$215K
Net assetsLn 32$342K$137K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$142K$142K
Other salaries and wagesLn 7$434K$434K
Pension plan contributionsLn 8$13K$8K$5K
Other employee benefitsLn 9$62K$62K$604
Payroll taxesLn 10$48K$37K$11K
Legal feesLn 11b$339$339
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$19K$19K
Advertising and promotionLn 12$525$525
Office expensesLn 13$9K$9K
OccupancyLn 16$219K$219K
Depreciation, depletion and amortizationLn 22$68K$68K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$227K$120K$107K
All other expensesLn 24e$12K$11K$1K
Total functional expensesLn 25$1.3M$978K$294K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.1M$1.3M−$135K$137K 990 PDF
FY2023 $1.2M$1.3M−$95K$342K 990 PDF
FY2022 $1.4M$1.2M$239K$437K 990 PDF
FY2021 $936K$907K$29K$202K 990 PDF
FY2020 $903K$905K−$2K$95K 990 PDF

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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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,137,401 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,124,351$1,124,351
VIII-3 Investment incomeExcluded from tax $13,050$13,050
VIII-12 Total revenueRelated to mission $1,124,351 · Excluded from tax $13,050$1,137,401
Part IX · Statement of functional expenses $1,272,063 across 15 lines filed
IX-5 Pay of current officers, directors and key staffManagement $142,000$142,000
IX-7 Other salaries and wagesPrograms $433,842$433,842
IX-8 Pension plan contributionsPrograms $8,081 · Management $4,800$12,881
IX-9 Other employee benefitsPrograms $61,586 · Management $604$62,190
IX-10 Payroll taxesPrograms $37,068 · Management $10,887$47,955
IX-11b Legal feesManagement $339$339
IX-11c Accounting feesManagement $8,597$8,597
IX-11g Other fees for servicesManagement $19,127$19,127
IX-12 Advertising and promotionPrograms $525$525
IX-13 Office expensesPrograms $8,710$8,710
IX-16 OccupancyPrograms $219,240$219,240
IX-22 Depreciation, depletion and amortizationPrograms $67,709$67,709
IX-23 InsurancePrograms $9,911$9,911
IX-24 Other expenses (24a–d)Programs $120,061 · Management $106,905$226,966
IX-24e All other expensesPrograms $10,920 · Management $1,151$12,071
IX-25 Total functional expensesPrograms $977,653 · Management $294,410 · Fundraising $0$1,272,063
Part X · Balance sheet $352,357 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $427,064$314,574
X-10c Land, buildings and equipment, netStart of year $65,536$37,783
X-16 Total assetsStart of year $492,600$352,357
X-17 Accounts payable and accrued expenses$1,606
X-24 Unsecured notes and loans payableStart of year $150,810$119,011
X-25 Other liabilities$94,305
X-26 Total liabilitiesStart of year $150,810$214,922
X-27 Net assets without donor restrictionsStart of year $341,790$137,435
X-32 Total net assets or fund balancesStart of year $341,790$137,435
X-33 Total liabilities and net assetsStart of year $492,600$352,357
Part XI · Reconciliation of net assets $137,435 net assets at year end
XI-1 Total revenue$1,137,401
XI-2 Total expenses$1,272,063
XI-3 Revenue less expenses−$134,662
XI-4 Net assets at start of year$341,790
XI-8 Prior period adjustments−$69,693
XI-10 Net assets at end of year$137,435

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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