Keystone Learning Academy INC FY2020 filing

Tax-deductible

Louisville, KY501(c)(3)Since 1970Human ServicesEIN 61-0668916

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To enrich the lives of children and their families with educational, emotional, and physical development tools by providing high quality, engaging education, for infants, toddlers and preschool aged children.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$81K 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

FY2020 · 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 $66K a year · 6% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$81K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$55K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$970K
Spent
$787K
To programs
83%
Net assets
$458K
By yearFY2020–FY2024
Revenue
$970K
FY2020
Revenue by fiscal year
FY2020$970K
FY2021$1.1M
FY2022$1.1M
FY2023$1.0M
FY2024$1.1M
FY2024$1.5M
Expenses
$787K
FY2020
Expenses by fiscal year
FY2020$787K
FY2021$913K
FY2022$1.0M
FY2023$1.1M
FY2024$1.1M
FY2024$1.1M
Net assets
$458K
FY2020
Net assets by fiscal year
FY2020$458K
FY2021$604K
FY2022$638K
FY2023$592K
FY2024$605K
FY2024$1.0M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Mar 1974.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $654K Management & general 17% · $132K

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

10 people listed on the 990; $81K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Di
$45,270Pt VII · Sec A
Assistant Di
$35,637Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Sharon L Hemingway’s $63K as Executive Di is at the 8th 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 · 3 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Sharon L Hemingway$62,895$61,597$61,834$57,100$50,536$45,270
Johnetta Anderson$49,081$47,714————
Daveda Bullitt$45,271$44,131$44,640$41,014$36,491$35,637

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 15aYes

Programs and updates

Provides children and families with tools for development through engaging education.

Provided by the organization

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1 program service account for $654K of program spending, described in the organization's own filed words · FY2019.
01

To provide quality childcare and developmental programs for infants, toddlers, and pre-school children. The center also provides early head start and head start services to children and families year round. Serves up to 82 children over 250 days throughout the year.

$654Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$100K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$970K
Ln 12
Gifts and grantsLn 1h$723K
Fees for servicesLn 2g$246K
Investment incomeLn 3$318
Money outPt IX
$787K
Ln 25
Programscol B$654K
Managementcol C$132K
Owns and owesPt X
$458K
net assets · Ln 32
Cash and savingsLn 1–2$318K
Total assetsLn 16$513K
LiabilitiesLn 26$55K
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$723K
Government grantsLn 1e$621K
Fees for servicesLn 2g$246K
Investment incomeLn 3$318
Total revenueLn 12$970K
Assets in detailPt X, end of year
CashLn 1$318K
Cash and savings togetherLn 1–2$318K
Land, buildings, equipmentLn 10c$32K
Total assetsLn 16$513K
LiabilitiesLn 26$55K
Net assetsLn 32$458K
OperationsPt I, VI
EmployeesI 521
VolunteersI 625
Fiscal year endsHeaderJune
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 FY20End FY20
Cash and savingsLn 1–2$116K$318K
Land, buildings, equipmentLn 10c$23K$32K
Total assetsLn 16$328K$513K
LiabilitiesLn 26$53K$55K
Net assetsLn 32$275K$458K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$83K$13$83K
Other salaries and wagesLn 7$441K$441K
Other employee benefitsLn 9$87K$73K$14K
Payroll taxesLn 10$42K$35K$7K
Accounting feesLn 11c$23K$23K
OccupancyLn 16$11K$8K$3K
Conferences, conventions and meetingsLn 19$703$592$111
InterestLn 20$153$129$24
Depreciation, depletion and amortizationLn 22$6K$5K$915
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$86K$83K$3K
Total functional expensesLn 25$787K$654K$132K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.1M$1.1M$14K$605K 990 PDF
FY2023 $1.0M$1.1M−$46K$592K 990 PDF
FY2022 $1.1M$1.0M$34K$638K 990 PDF
FY2021 $1.1M$913K$145K$604K 990 PDF
FY2020 Viewing $970K$787K$184K$458K 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $970,068 across 7 lines filed
VIII-1a Federated campaigns$100,457
VIII-1e Government grants$621,241
VIII-1f All other contributions, gifts and grants$1,594
VIII-1h Total contributions, gifts and grants$723,292
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $246,458$246,458
VIII-3 Investment incomeExcluded from tax $318$318
VIII-12 Total revenueRelated to mission $246,458 · Excluded from tax $318$970,068
Part IX · Statement of functional expenses $786,565 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $13 · Management $82,707$82,720
IX-7 Other salaries and wagesPrograms $440,744$440,744
IX-9 Other employee benefitsPrograms $73,194 · Management $13,735$86,929
IX-10 Payroll taxesPrograms $35,106 · Management $6,588$41,694
IX-11c Accounting feesManagement $22,548$22,548
IX-16 OccupancyPrograms $8,243 · Management $2,713$10,956
IX-19 Conferences, conventions and meetingsPrograms $592 · Management $111$703
IX-20 InterestPrograms $129 · Management $24$153
IX-22 Depreciation, depletion and amortizationPrograms $4,876 · Management $915$5,791
IX-23 InsurancePrograms $8,454$8,454
IX-24 Other expenses (24a–d)Programs $82,763 · Management $3,110$85,873
IX-25 Total functional expensesPrograms $654,114 · Management $132,451 · Fundraising $0$786,565
Part X · Balance sheet $512,779 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $115,516$318,464
X-3 Pledges and grants receivableStart of year $136,192$107,371
X-4 Accounts receivableStart of year $49,542$50,108
X-9 Prepaid expenses and deferred chargesStart of year $3,651$4,852
X-10c Land, buildings and equipment, netStart of year $23,245$31,984
X-16 Total assetsStart of year $328,146$512,779
X-17 Accounts payable and accrued expensesStart of year $5,230$9,969
X-25 Other liabilitiesStart of year $48,213$44,604
X-26 Total liabilitiesStart of year $53,443$54,573
X-27 Net assets without donor restrictionsStart of year $97,507$350,835
X-28 Net assets with donor restrictionsStart of year $177,196$107,371
X-32 Total net assets or fund balancesStart of year $274,703$458,206
X-33 Total liabilities and net assetsStart of year $328,146$512,779
Part XI · Reconciliation of net assets $458,206 net assets at year end
XI-1 Total revenue$970,068
XI-2 Total expenses$786,565
XI-3 Revenue less expenses$183,503
XI-4 Net assets at start of year$274,703
XI-10 Net assets at end of year$458,206

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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