Second Home Learning Center EIN 85-2041550 Form 990 (PDF) Claim this org

Second Home Learning Center

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Offers safe, on-site learning and support for K-7 students to achieve academic success. For fiscal year 2024 it reported $544K in revenue, $466K in expenses, and $153K in net assets.Pt I

Founded
2021
Type
Public charity (501(c)(3)) · Human Services
Location
Harrisonburg, VA
Website
secondhomeva.com
Filings
4 on file (2021–2024)
Revenue
$544KFY2024
Expenses
$466K
Net assets
$153K
People
11
Filings
4
Updates
0
More identity details & actions ⌄
EIN  85-2041550 Public charity (501(c)(3)) Harrisonburg, VA Founded 2021
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers safe, on-site learning and support for K-7 students to achieve academic success.
Leadership
Krisztina Szekely · Executive Director · $55K
Money in and out
$544K revenue, $466K expenses
Bottom line
75% program efficiency
Where the money goes · FY2024
Total revenue
$544K
Pt VIII · Ln 12
Total expenses
$466K
Pt IX · Ln 25
Net assets
$153K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $78K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.23 Fundraising $0.01
Program efficiency
75%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
4.3mo
months of highly liquid reserves at operating expense rate▼ -58% vs prior filing year
Surplus margin
+14%
revenue over expenses, this year▲ +127% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$544K
FY2024▲ +434%
Expenses
$466K
FY2024▲ +197%
Total assets
$154K
FY2024▲ +15%
Total liabilities
$907
FY2024▼ -95%
Total revenue
$544K
Pt VIII · Ln 12
Total expenses
$466K
Pt IX · Ln 25
Net assets
$153K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$78K
Total assetsPt X · Ln 16$154K
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSecond Home Learning Center
EINHdr · item D85-2041550
Principal addressHdr · item CHarrisonburg, VA
WebsiteHdr · item Jsecondhomeva.com
Year of formationHdr · item L2021
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P33)
Ruling yearIRS BMFJun 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
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
Executive Director
$55,115Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Krisztina Szekely’s $55K as Executive Director is at the 44th percentile of top reported officer pay among 2165 $100K–1M 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

NameFY2024FY2023FY2022FY2021
Krisztina Szekely$55,115$22,154$42,700
Krisztina Szeckley$16,346
Leeanne Shepherd$14,885

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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Mission & Programs · Part III

Where the work happens

1 program service account for $351K of program spending, described in the organization's own filed words · FY2024.
01

From July 1, 2024 to June 30, 2025, Second Home Learning Center offered low-cost, high-quality before and after school care for 87 Harrisonburg City Public School students (K to 7th grade).

$351Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$469K · 86%
Program service revenue$71K · 13%
Contributions & grants86%$469K
Program service revenue13%$71K
Investment income$2K
Other revenue$2K
— government grantsLn 1e$293K
Total revenueLn 12$544K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.23 Fundraising $0.01
Program services75%$351K
Management & general23%$109K
Fundraising1%$6K
Total functional expensesLn 25$466K

Balance Sheet

Part X · end of year
CashLn 1$154K
Total assetsLn 16$154K
Total liabilitiesLn 26$907
Total net assetsLn 32$153K
Months of cash on handcomputed4.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $154K · Operating expenses (Pt IX) $466K · Less non-cash grants $40K · Cash operating expenses/yr $426K
4.3 months
Where the money goes
Program services
Program services $351K · Total expenses $466K
75%
Management & General
Management & general $109K · Total expenses $466K
23%
Fundraising
Fundraising $6K · Total expenses $466K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $4K · Solicited contributions (3-yr avg) $95K
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $469K · Total revenue $544K
86%
Government reliance
Government grants $293K · Total revenue $544K
54%
Earned-income share
Program service revenue $71K · Total revenue $544K
13%
Investment reliance
Investment income $2K · Total revenue $544K
+0.3%
Program self-sufficiency
Program service revenue $71K · Total expenses $466K
15%
Growth & trend
Revenue growth (YoY)
This year $544K · Prior year $102K
+434%
Net-asset trend (YoY)
End of year $153K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $544K · Expenses $466K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $154K
Net-asset ratio
Net assets $153K · Total assets $154K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $154K
0%
People & payroll
Highest Reported Total Compensation
Individual Krisztina Szekely · Reported title Executive Director · Highest reported compensation $55K · Total expenses $466K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $336K · Total expenses $466K
72%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 23%
Fundraising cost ratio 1%
Revenue growth 434%

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 · FY2023
Total grants receivedfrom 1 funder$70

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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
FY2024 (Latest)$544K revenue · viewing · ⤓ 990 PDF
FY2023$102K revenue · ⤓ 990 PDF
FY2022$296K revenue · ⤓ 990 PDF
FY2021$113K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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