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Academy Child Development Center INC

Tax-deductible

Gaithersburg, MD501(c)(3)Since 1981Human ServicesEIN 52-1228660Revenue $2.6M in FY2025

On file with the IRSacademychild.com9035 Shady Grove CT, 20877-1301 · Gaithersburg, MDTax-exempt since Jan 1982School — 170(b)(1)(A)(ii)

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The Academy strives to remain an innovator in the field of educational childcare and preschool-primary school programming. The Academy is highly recognized as providing the highest quality level of licensed and monitored childcare and education for children ages 2 months through school-age and for the various cultures and economic backgrounds of the families in montgomery county. The academy's mission and purpose are: to offer developmentally appropriate early childhood/school-age programs; to provide safe, healthy, and reliable childcare options for working parents; to maintain a dedicated, professional staff through competitive salaries, benefits, and ongoing professional Development training; to develop and maintain partnerships with parents, staff, community, local, state, and national organizations; to achieve and maintain the highest levels of excels ratings in the state.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Run by 3 volunteers and 55 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
4 of 6
filings with a surplus
Average surplus $46K a year · 2% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$185K
to officers and key staff · 7% of spending
Top officer’s pay higher than 54% of similar orgs
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $36
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$307K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 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
$2.6M
+12% vs prior year
Spent
$2.7M
To programs
82%
Net assets
$2.8M
By yearFY2020–FY2025
Revenue
$2.6M
FY2025▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.7M
FY2021$2.1M
FY2022$2.9M
FY2023$2.1M
FY2024$2.4M
FY2025$2.6M
Expenses
$2.7M
FY2025▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.5M
FY2021$1.9M
FY2022$2.6M
FY2023$2.4M
FY2024$2.4M
FY2025$2.7M
Net assets
$2.8M
FY2025▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.6M
FY2021$2.8M
FY2022$2.7M
FY2023$2.5M
FY2024$2.6M
FY2025$2.8M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1982.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $2.2M Management & general 18% · $481K

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

5 people listed on the 990; $185K paid to officers and key staff.

Part VII, Section A · reportable compensation
$120,762Pt VII · Sec A
$64,672Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Aileen Walsh
Director
$0Pt VII · Sec A

Lesley Walsh-Everhart’s $121K as President is at the 54th percentile of top reported officer pay among 3869 $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 · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Lesley Walsh-Everhart$120,762$113,185$113,737$118,138$90,276$100,122
Naushaba Bokhari$64,672$61,292$59,706$63,452$54,562—
Bruce Kahan————$30,690$61,887
Debora Sullivan—$3,121$35,911$41,609$37,876$52,501
Marilyn Fleetwood————$12,307$19,999

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.

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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

Innovates educational childcare and preschool-primary school programs for children.

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Provided by the organization

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1 program · $2.2M · in their own filed words · FY2025
01

Provide high quality DAYCARE/EDUCATION services to approximately 190 children in montgomery county, maryland.

$2.2Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2023
Amazonsmile FoundationFY2023$36
Total grants receivedfrom 1 funder$36
Grants paid · 1 grant · $120K · 2020–2020
Unitemized GrantFY2020$120,401

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.6M
Ln 12
Fees for servicesLn 2g$1.8M
Gifts and grantsLn 1h$703K
Investment incomeLn 3$107K
Money outPt IX
$2.7M
Ln 25
Programscol B$2.2M
Managementcol C$481K
Owns and owesPt X
$2.8M
net assets · Ln 32
Cash and savingsLn 1–2$443K
Total assetsLn 16$3.1M
LiabilitiesLn 26$307K
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$703K
Government grantsLn 1e$703K
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$107K
Gains on assetsLn 7$6K
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
CashLn 1$347K
SavingsLn 2$97K
Cash and savings togetherLn 1–2$443K
InvestmentsLn 11–13$2.4M
Land, buildings, equipmentLn 10c$178K
Other assetsLn 15$87K
Total assetsLn 16$3.1M
LiabilitiesLn 26$307K
Net assetsLn 32$2.8M
OperationsPt I, VI
EmployeesI 555
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$653K$443K
InvestmentsLn 11–13$2.1M$2.4M
Land, buildings, equipmentLn 10c$189K$178K
Total assetsLn 16$3.0M$3.1M
LiabilitiesLn 26$366K$307K
Net assetsLn 32$2.6M$2.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$196K$98K$98K
Other salaries and wagesLn 7$1.7M$1.5M$233K
Pension plan contributionsLn 8$19K$14K$6K
Other employee benefitsLn 9$32K$28K$4K
Payroll taxesLn 10$143K$123K$20K
Management feesLn 11a$4K$3K$548
Legal feesLn 11b$4K$2K$2K
Accounting feesLn 11c$8K$8K
Investment management feesLn 11f$21K$21K
Other fees for servicesLn 11g$54K$49K$6K
Advertising and promotionLn 12$42K$36K$6K
Office expensesLn 13$27K$23K$4K
Information technologyLn 14$44K$38K$6K
OccupancyLn 16$100K$86K$14K
Conferences, conventions and meetingsLn 19$10K$10K
InterestLn 20$15K$13K$2K
Depreciation, depletion and amortizationLn 22$12K$10K$2K
InsuranceLn 23$58K$20K$37K
Other expenses (24a–d)Ln 24$189K$180K$9K
All other expensesLn 24e$21K$17K$4K
Total functional expensesLn 25$2.7M$2.2M$481K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.6M$2.7M−$58K$2.8M 990 PDF
FY2024 $2.4M$2.4M$3K$2.6M 990 PDF
FY2023 $2.1M$2.4M−$375K$2.5M 990 PDF
FY2022 $2.9M$2.6M$309K$2.7M 990 PDF
FY2021 $2.1M$1.9M$204K$2.8M 990 PDF
FY2020 $2.7M$2.5M$194K$2.6M 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 FY2025 990 (6 parts)
Part I · Summary $2,646,048 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $523,584$702,867
I-9 Program service revenuePrior year $1,729,324$1,835,704
I-10 Investment incomePrior year $120,075$107,477
I-11 Other revenue$0
I-12 Total revenuePrior year $2,372,983$2,646,048
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,749,483$2,097,363
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $620,183$606,657
I-18 Total expensesPrior year $2,369,666$2,704,020
I-19 Revenue less expensesPrior year $3,317−$57,972
Part VI · Governance 3 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,646,048 across 6 lines filed
VIII-1e Government grants$702,867
VIII-1h Total contributions, gifts and grants$702,867
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,835,704$1,835,704
VIII-3 Investment incomeExcluded from tax $101,438$101,438
VIII-7 Net gain or loss on sales of assetsExcluded from tax $6,039$6,039
VIII-12 Total revenueRelated to mission $1,835,704 · Excluded from tax $107,477$2,646,048
Part IX · Statement of functional expenses $2,704,020 across 20 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $97,783 · Management $97,782$195,565
IX-7 Other salaries and wagesPrograms $1,473,735 · Management $233,360$1,707,095
IX-8 Pension plan contributionsPrograms $13,610 · Management $5,833$19,443
IX-9 Other employee benefitsPrograms $27,996 · Management $4,433$32,429
IX-10 Payroll taxesPrograms $123,306 · Management $19,525$142,831
IX-11a Management feesPrograms $3,460 · Management $548$4,008
IX-11b Legal feesPrograms $2,062 · Management $2,063$4,125
IX-11c Accounting feesManagement $7,950$7,950
IX-11f Investment management feesManagement $20,539$20,539
IX-11g Other fees for servicesPrograms $48,577 · Management $5,502$54,079
IX-12 Advertising and promotionPrograms $36,118 · Management $5,719$41,837
IX-13 Office expensesPrograms $23,015 · Management $3,644$26,659
IX-14 Information technologyPrograms $38,037 · Management $6,023$44,060
IX-16 OccupancyPrograms $86,095 · Management $13,633$99,728
IX-19 Conferences, conventions and meetingsPrograms $9,797$9,797
IX-20 InterestPrograms $12,705 · Management $2,012$14,717
IX-22 Depreciation, depletion and amortizationPrograms $9,947 · Management $1,575$11,522
IX-23 InsurancePrograms $20,266 · Management $37,401$57,667
IX-24 Other expenses (24a–d)Programs $180,018 · Management $8,703$188,721
IX-24e All other expensesPrograms $16,842 · Management $4,406$21,248
IX-25 Total functional expensesPrograms $2,223,369 · Management $480,651 · Fundraising $0$2,704,020
Part X · Balance sheet $3,065,038 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $605,171$346,686
X-2 Savings and temporary cash investmentsStart of year $47,448$96,646
X-10c Land, buildings and equipment, netStart of year $189,336$177,814
X-11 Publicly traded securitiesStart of year $2,116,472$2,356,394
X-15 Other assetsStart of year $18,047$87,498
X-16 Total assetsStart of year $2,976,474$3,065,038
X-25 Other liabilitiesStart of year $43,105$55,771
X-26 Total liabilitiesStart of year $365,904$307,136
X-32 Total net assets or fund balancesStart of year $2,610,570$2,757,902
X-33 Total liabilities and net assetsStart of year $2,976,474$3,065,038
Part XI · Reconciliation of net assets $2,757,902 net assets at year end
XI-1 Total revenue$2,646,048
XI-2 Total expenses$2,704,020
XI-3 Revenue less expenses−$57,972
XI-4 Net assets at start of year$2,610,570
XI-5 Net unrealized gains (losses) on investments$205,304
XI-10 Net assets at end of year$2,757,902

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

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