Great Start Learning Academy EIN 83-2217078 Form 990 (PDF) Claim this org

Great Start Learning Academy FY2022 filing

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Offers childcare for infants to age 12, including preschool and after-school programs. For fiscal year 2022 it reported $890K in revenue, $778K in expenses, and $294K in net assets.Pt I

Founded
2018
Type
Public charity (501(c)(3)) · Education
Location
Vineland, NJ
Filings
6 on file (2020–2022)
Revenue
$890KFY2022
Expenses
$778K
Net assets
$294K
People
5
Filings
6
Updates
0
More identity details & actions ⌄
EIN  83-2217078 Public charity (501(c)(3)) Vineland, NJ Founded 2018
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
$1–10M
What they do
Offers childcare for infants to age 12, including preschool and after-school programs.
Leadership
Veronica Floyd · President · $75K
Money in and out
$890K revenue, $778K expenses
Bottom line
54% program efficiency
Where the money goes · FY2022
Total revenue
$890K
Pt VIII · Ln 12
Total expenses
$778K
Pt IX · Ln 25
Net assets
$294K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $112K
Where spending went · Part IX cols B–D
Program services $0.54 Management & general $0.46
Program efficiency
54%
of spending reaches programs
Operating runway
0.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+13%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$890K
FY2022▲ +96%
Expenses
$778K
FY2022▲ +81%
Total assets
$722K
FY2022▲ +12%
Total liabilities
$428K
FY2022▼ -7%
Total revenue
$890K
Pt VIII · Ln 12
Total expenses
$778K
Pt IX · Ln 25
Net assets
$294K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$112K
Total assetsPt X · Ln 16$722K
Program-expense ratioPt IX · col B54%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $421K of program spending, described in the organization's own filed words · FY2022.
01

Provide childcare and facilities to children, infants through age 5, and latchkey services to children ages 5-12. Services will include infant/toddler classes, preschool, Pre-k, as well as before and after school care to provide support to the community.

$421Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGreat Start Learning Academy
EINHdr · item D83-2217078
Principal addressHdr · item CVineland, NJ
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2018
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B21)
Ruling yearIRS BMFMar 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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
$75,000Pt VII · Sec A
$18,200Pt VII · Sec A
Finance Manager
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Veronica Floyd’s $81K as President is at the 20th percentile of top reported officer pay among 3393 $1–10M 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Veronica Floyd$81,000$78,000$78,000$75,000$53,500
Nikita Livingston$18,900$18,200$18,200$18,200$18,200

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$850K · 96%
Other revenue$40K · 4%
Program service revenue96%$850K
Other revenue4%$40K
Total revenueLn 12$890K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.54 Management & general $0.46
Program services54%$421K
Management & general46%$357K
Total functional expensesLn 25$778K

Balance Sheet

Part X · end of year
CashLn 1$24K
Total assetsLn 16$722K
Total liabilitiesLn 26$428K
Total net assetsLn 32$294K
Months of cash on handcomputed0.4

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $24K · Operating expenses/yr $778K
0.4 months
Where the money goes
Program services
Program services $421K · Total expenses $778K
54%
Management & General
Management & general $357K · Total expenses $778K
46%
Fundraising
Fundraising $0 · Total expenses $778K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $890K
0%
Government reliance
Government grants — · Total revenue $890K
Earned-income share
Program service revenue $850K · Total revenue $890K
96%
Investment reliance
Investment income $0 · Total revenue $890K
0%
Program self-sufficiency
Program service revenue $850K · Total expenses $778K
109%
Growth & trend
Revenue growth (YoY)
This year $890K · Prior year $455K
+96%
Net-asset trend (YoY)
End of year $294K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $890K · Expenses $778K
+13%
Liabilities-to-Assets
Total liabilities — · Total assets $722K
Net-asset ratio
Net assets $294K · Total assets $722K
41%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $722K
0%
People & payroll
Highest Reported Total Compensation
Individual Veronica Floyd · Reported title President · Highest reported compensation $75K · Total expenses $778K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $356K · Total expenses $778K
46%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 54%
Overhead ratio 46%
Revenue growth 96%
Investment management fee ratio 0%
Legal fee ratio 0.08%
Accounting fee ratio 0.5%
Fundraising fee ratio 0%

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.

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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)$1.2M revenue · ⤓ 990 PDF
FY2024$1.2M revenue · ⤓ 990 PDF
FY2023$908K revenue · ⤓ 990 PDF
FY2022$890K revenue · viewing · ⤓ 990 PDF
FY2021$455K revenue · ⤓ 990 PDF
FY2020$533K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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