Deerstream Learning Center INC EIN 56-2094800

Deerstream Learning Center INC

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Offers extra learning help to families in the Research Triangle area. For fiscal year 2025 it reported $546K in revenue, $481K in expenses, and $386K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Chapel Hill, NC
Website
www.deerstream.org
Filings
5 on file (2021–2025)
Revenue
$546KFY2025
Expenses
$481K
Net assets
$386K
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  56-2094800 Public charity (501(c)(3)) Chapel Hill, NC
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers extra learning help to families in the Research Triangle area.
Leadership
Kelly Kirk · Exec Director · $56K
Money in and out
$546K revenue, $481K expenses
Bottom line
88% program efficiency
Where the money goes · FY2025
Total revenue
$546K
Pt VIII · Ln 12
Total expenses
$481K
Pt IX · Ln 25
Net assets
$386K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $65K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.12
Program efficiency
88%
of spending reaches programs▼ -5% vs prior filing year
Operating runway
15.9mo
months of highly liquid reserves at operating expense rate▲ +2% vs prior filing year
Surplus margin
+12%
revenue over expenses, this year▼ -3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$546K
FY2025▲ +15%
Expenses
$481K
FY2025▲ +15%
Total assets
$636K
FY2025▲ +10%
Total liabilities
$250K
FY2025▼ -8%
Total revenue
$546K
Pt VIII · Ln 12
Total expenses
$481K
Pt IX · Ln 25
Net assets
$386K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$65K
Total assetsPt X · Ln 16$636K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $423K of program spending, described in the organization's own filed words · FY2024.
01

We offer hands-on academic and enrichment classes to homeschool students from all across the Triangle area of North Carolina. Classes are offered in a rigorous yet supportive environment.

$423Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDeerstream Learning Center INC
EINHdr · item D56-2094800
Principal addressHdr · item CChapel Hill, NC
WebsiteHdr · item Jwww.deerstream.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B24)
Ruling yearIRS BMFMar 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Exec Director
$56,007Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Kelly Kirk’s $56K as Exec Director is at the 48th percentile of top reported officer pay among 1616 $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

NameFY2025FY2024
Kelly Kirk$56,007$49,520

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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Statement of Revenue

Part VIII
Program service revenue$529K · 97%
Investment income$17K · 3%
Program service revenue97%$529K
Investment income3%$17K
Total revenueLn 12$546K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.12
Program services88%$423K
Management & general12%$58K
Total functional expensesLn 25$481K

Balance Sheet

Part X · end of year
CashLn 1$488K
Total assetsLn 16$636K
Total liabilitiesLn 26$250K
Total net assetsLn 32$386K
Months of cash on handcomputed12.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $637K · Operating expenses/yr $481K
15.9 months
Where the money goes
Program services
Program services $423K · Total expenses $481K
88%
Management & General
Management & general $58K · Total expenses $481K
12%
Fundraising
Fundraising $0 · Total expenses $481K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $9K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $546K
0%
Government reliance
Government grants — · Total revenue $546K
Earned-income share
Program service revenue $529K · Total revenue $546K
97%
Investment reliance
Investment income $17K · Total revenue $546K
+3%
Program self-sufficiency
Program service revenue $529K · Total expenses $481K
110%
Growth & trend
Revenue growth (YoY)
This year $546K · Prior year $477K
+15%
Revenue CAGR
FY2020 $84K · FY2024 $546K
+60%
Net-asset trend (YoY)
End of year $386K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $546K · Expenses $481K
+12%
Liabilities-to-Assets
Total liabilities — · Total assets $636K
Net-asset ratio
Net assets $386K · Total assets $636K
61%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $148K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $636K
23%
People & payroll
Highest Reported Total Compensation
Individual Kelly Kirk · Reported title EXEC DIRECTOR · Highest reported compensation $56K · Total expenses $481K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $376K · Total expenses $481K
78%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 12%
Revenue growth 15%
Accounting fee ratio 0.1%

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.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$400

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$546K revenue · viewing · ⤓ 990 PDF
FY2024$477K revenue · ⤓ 990 PDF
FY2023$390K revenue · ⤓ 990 PDF
FY2022$185K revenue · ⤓ 990 PDF
FY2021$84K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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