The Backside Learning Center INC FY2023 filing

Tax-deductible

Louisville, KY501(c)(3)Since 2015EIN 37-1803514

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The purpose of the organization is to provide educational, linguistic, social and other charitable services to persons, and their families, engaged primarily in the care, training, and/or any other activity involving thoroughbred race horses housed at racing and training facilities; particularly at churchhill downs in louisville, kentucky.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
$68K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
4 of 5
filings with a surplus
Average surplus $219K a year · 24% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$68K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
25
named funders · $567K
Looks good: 25 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$4K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$921K
+21% vs prior year
Spent
$774K
To programs
71%
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$921K
FY2023▲ +21%
Revenue by fiscal year
FY2020$835K
FY2021$587K
FY2022$762K
FY2023$921K
FY2024$1.5M
FY2024$1.3M
Expenses
$774K
FY2023▲ +25%
Expenses by fiscal year
FY2020$518K
FY2021$621K
FY2022$619K
FY2023$774K
FY2024$954K
FY2024$1.2M
Net assets
$1.2M
FY2023▲ +19%
Net assets by fiscal year
FY2020$993K
FY2021$1.0M
FY2022$975K
FY2023$1.2M
FY2024$1.9M
FY2024$2.1M

From the FY2023 Form 990 (year ending September 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2016.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $552K Management & general 10% · $74K Fundraising 19% · $148K

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

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Who runs it and what they're paid

12 people listed on the 990; $68K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$67,763Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Sherry Stanley$71,705$71,705$67,763$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 →

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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 15aYes

Programs and updates

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

Provided by the organization

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2 programs · $552K · in their own filed words · FY2022
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.

$326Kprogram 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.

$226Kprogram 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 · FY2024
See all 25 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$921K
Ln 12
Gifts and grantsLn 1h$852K
Investment incomeLn 3$69K
Money outPt IX
$774K
Ln 25
Programscol B$552K
Managementcol C$74K
Fundraisingcol D$148K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$75K
Total assetsLn 16$1.2M
LiabilitiesLn 26$4K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$852K
Noncash giftsLn 1g$35K
Fundraising eventsLn 1c$164K
Investment incomeLn 3$69K
Gains on assetsLn 7$57K
Total revenueLn 12$921K
Assets in detailPt X, end of year
CashLn 1$75K
Cash and savings togetherLn 1–2$75K
InvestmentsLn 11–13$1.0M
Land, buildings, equipmentLn 10c$37K
Total assetsLn 16$1.2M
LiabilitiesLn 26$4K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 527
VolunteersI 660
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$196K$75K
InvestmentsLn 11–13$734K$1.0M
Land, buildings, equipmentLn 10c$35K$37K
Total assetsLn 16$979K$1.2M
LiabilitiesLn 26$4K$4K
Net assetsLn 32$975K$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$511K$358K$51K$102K
Other employee benefitsLn 9$36K$26K$4K$7K
Payroll taxesLn 10$38K$27K$4K$8K
Accounting feesLn 11c$18K$12K$2K$4K
Other fees for servicesLn 11g$32K$22K$3K$6K
Advertising and promotionLn 12$8K$5K$783$2K
Office expensesLn 13$8K$6K$820$2K
OccupancyLn 16$35K$24K$3K$7K
TravelLn 17$3K$2K$294$588
Depreciation, depletion and amortizationLn 22$12K$8K$1K$2K
InsuranceLn 23$8K$5K$763$2K
Other expenses (24a–d)Ln 24$59K$50K$3K$6K
All other expensesLn 24e$7K$6K$250$499
Total functional expensesLn 25$774K$552K$74K$148K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.5M$954K$523K$1.9M 990 PDF
FY2023 Viewing $921K$774K$147K$1.2M 990 PDF
FY2022 $762K$619K$143K$975K 990 PDF
FY2021 $587K$621K−$34K$1.0M 990 PDF
FY2020 $835K$518K$317K$993K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $921,332 across 8 lines filed
VIII-1c Fundraising events$163,632
VIII-1f All other contributions, gifts and grants$688,686
VIII-1g Noncash contributions (included above)$34,986
VIII-1h Total contributions, gifts and grants$852,318
VIII-3 Investment incomeExcluded from tax $11,943$11,943
VIII-7 Net gain or loss on sales of assetsExcluded from tax $57,071$57,071
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $69,014$921,332
Part IX · Statement of functional expenses $774,076 across 13 lines filed
IX-6 Pay of disqualified personsPrograms $357,735 · Management $51,105 · Fundraising $102,211$511,051
IX-9 Other employee benefitsPrograms $25,507 · Management $3,644 · Fundraising $7,289$36,440
IX-10 Payroll taxesPrograms $26,551 · Management $3,793 · Fundraising $7,586$37,930
IX-11c Accounting feesPrograms $12,421 · Management $1,774 · Fundraising $3,549$17,744
IX-11g Other fees for servicesPrograms $22,271 · Management $3,182 · Fundraising $6,362$31,815
IX-12 Advertising and promotionPrograms $5,481 · Management $783 · Fundraising $1,566$7,830
IX-13 Office expensesPrograms $5,738 · Management $820 · Fundraising $1,641$8,199
IX-16 OccupancyPrograms $24,490 · Management $3,499 · Fundraising $6,997$34,986
IX-17 TravelPrograms $2,058 · Management $294 · Fundraising $588$2,940
IX-22 Depreciation, depletion and amortizationPrograms $8,349 · Management $1,193 · Fundraising $2,385$11,927
IX-23 InsurancePrograms $5,339 · Management $763 · Fundraising $1,525$7,627
IX-24 Other expenses (24a–d)Programs $50,069 · Management $2,832 · Fundraising $5,664$58,565
IX-24e All other expensesPrograms $6,273 · Management $250 · Fundraising $499$7,022
IX-25 Total functional expensesPrograms $552,282 · Management $73,932 · Fundraising $147,862$774,076
Part X · Balance sheet $1,160,209 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $195,768$75,389
X-9 Prepaid expenses and deferred chargesStart of year $14,781$9,955
X-10c Land, buildings and equipment, netStart of year $34,538$37,413
X-11 Publicly traded securitiesStart of year $733,756$1,037,452
X-16 Total assetsStart of year $978,843$1,160,209
X-17 Accounts payable and accrued expensesStart of year $4,156$3,584
X-26 Total liabilitiesStart of year $4,156$3,584
X-27 Net assets without donor restrictionsStart of year $815,812$1,091,828
X-28 Net assets with donor restrictionsStart of year $158,875$64,797
X-32 Total net assets or fund balancesStart of year $974,687$1,156,625
X-33 Total liabilities and net assetsStart of year $978,843$1,160,209
Part XI · Reconciliation of net assets $1,156,625 net assets at year end
XI-1 Total revenue$921,332
XI-2 Total expenses$774,076
XI-3 Revenue less expenses$147,256
XI-4 Net assets at start of year$974,687
XI-5 Net unrealized gains (losses) on investments$34,682
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,156,625

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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