The Backside Learning Center INC FY2021 filing

Louisville, KY · Public charity (501(c)(3)) · Since 2015

✓ Tax-deductible
Revenue
$587K
-30% vs prior year
Spent
$621K
To programs
71%
Net assets
$1.0M
By yearFY2020–FY2024
Revenue
$587K
FY2021▼ -30%
Revenue by fiscal year
FY2020$835K
FY2021$587K
FY2022$762K
FY2023$921K
FY2024$1.5M
FY2024$1.3M
Expenses
$621K
FY2021▲ +20%
Expenses by fiscal year
FY2020$518K
FY2021$621K
FY2022$619K
FY2023$774K
FY2024$954K
FY2024$1.2M
Net assets
$1.0M
FY2021▲ +5%
Net assets by fiscal year
FY2020$993K
FY2021$1.0M
FY2022$975K
FY2023$1.2M
FY2024$1.9M
FY2024$2.1M

From the FY2021 Form 990 (year ending September 2021) · figures checked against the IRS filing · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CThe Backside Learning Center INC
EINHdr · item D37-1803514
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMay 2016
Year of formationHdr · item L2015
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CLouisville, KY
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.backsidelearningcenter.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.10 Fundraising $0.19
Program services71%$442K
Management & general10%$60K
Fundraising19%$119K
Total functional expensesLn 25$621K

Financial health

Is it on solid ground?

Program efficiency
71%
of spending reaches programs
Operating runway
20.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-6%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$1.0M
FY2021▼ -2%
Total assets by fiscal year
FY2020$1.1M
FY2021$1.0M
FY2022$979K
FY2023$1.2M
FY2024$1.9M
FY2024$2.1M
Total liabilities
$4K
FY2021▼ -95%
Total liabilities by fiscal year
FY2020$70K
FY2021$4K
FY2022$4K
FY2023$4K
FY2024$5K
FY2024$10K
Revenue less expensesPt I · Ln 19−$34K
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Balance Sheet

Part X · end of year
CashLn 1$92K
Total assetsLn 16$1.0M
Total liabilitiesLn 26$4K
Total net assetsLn 32$1.0M
Months of cash on handcomputed1.8

Statement of Revenue

Part VIII
Contributions & grants$552K · 94%
Investment income$35K · 6%
Contributions & grants94%$552K
Investment income6%$35K
Total revenueLn 12$587K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $990K · Operating expenses (Pt IX) $621K · Less non-cash grants $35K · Cash operating expenses/yr $586K
20.3 months
Where the money goes
Program services
Program services $442K · Total expenses $621K
71%
Management & General
Management & general $60K · Total expenses $621K
10%
Fundraising
Fundraising $119K · Total expenses $621K
19%
Cost to raise $1
Fundraising expense (2-yr avg) $110K · Solicited contributions (2-yr avg) $686K
$0.16 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $552K · Total revenue $587K
94%
Government reliance
Government grants — · Total revenue $587K
—
Earned-income share
Program service revenue $0 · Total revenue $587K
0%
Investment reliance
Investment income $35K · Total revenue $587K
+6%
Program self-sufficiency
Program service revenue $0 · Total expenses $621K
0%
Growth & trend
Revenue growth (YoY)
This year $587K · Prior year $835K
-30%
Net-asset trend (YoY)
End of year $1.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $587K · Expenses $621K
-6%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
—
Net-asset ratio
Net assets $1.0M · Total assets $1.0M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $898K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.0M
86%
People & payroll
Highest Reported Total Compensation
Individual Sherry Stanley · Reported title Executive Director · Highest reported compensation $67K · Total expenses $621K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $414K · Total expenses $621K
67%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 71%——
Overhead ratio 10%——
Fundraising cost ratio 22%——
Revenue growth -30%——
Accounting fee ratio 3%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$67,193Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Sherry Stanley$71,705$71,705$67,763———
Sherry Stanley———$64,946$67,193$67,193

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 The Backside Learning Center INC executive salaries →

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

Governance & Policies

Part VI
  • 11Voting board membersPt VI · Ln 1a
  • 11Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Supports thoroughbred horse caretakers and their families through educational and charitable programs.

Provided by the organization

This section is blank until The Backside Learning Center INC claims this page.

Know this organization? Claim it to add your story

Mission & Programs · Part III

Where the work happens

2 program services account for $442K of program spending, described in the organization's own filed words · FY2020.
01

Family Education Program

The Family Education Program is held at our off-site location. It provides academic enrichment activities to school-aged children of backside workers and offers simultaneous English classes for their parents. These programs provide services to 20 to 30 school age children on an ongoing basis.

$258Kprogram expense
02

Learning Center Adult Programs -These programs support equine workers and their families in the pursuit of their personal and professional dreams. We do this by providing educational opportunities, assistance in navigating and accessing local resources, and by creating community.

$184Kprogram expense

Run this program? Claim this org to tell your story

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
See all 25 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $1.5M$954K+60% 990 PDF
FY2023 $921K$774K+21% 990 PDF
FY2022 $762K$619K+30% 990 PDF
FY2021 Viewing $587K$621K-30% 990 PDF
FY2020 $835K$518K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

Similar organizations you could support

Closest in mission — by what they do
See all organizations like The Backside Learning Center INC →

Run this organization? Claim this page

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

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 peer-cohort and compensation comparisons above.