Discovery Learners' Academy FY2023 filing

Tax-deductible

Chattanooga, TN501(c)(3)EducationEIN 85-3511176Revenue $342K in FY2023

On file with the IRSdlachatt.org4315 Brainerd Rd, 37411-5425 · Chattanooga, TNTax-exempt since Jan 2021Publicly supported — 509(a)(2)

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To provide a place of learning where all members are accepted and to promote critical thinking, problem solving, creativity, bravery, and kindness, and to inspire learners to create positive change in their community.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
1 of 3
filings with a surplus
Average surplus $6K a year · 2% of revenue · last 3 filings
Worth a look: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $35K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 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
$342K
+67% vs prior year
Spent
$374K
To programs
97%
Net assets
$28K
By yearFY2022–FY2024
Revenue
$342K
FY2023▲ +67%
Tap a bar for its year
Revenue by fiscal year
FY2022$205K
FY2023$342K
FY2024$504K
Expenses
$374K
FY2023▲ +157%
Tap a bar for its year
Expenses by fiscal year
FY2022$146K
FY2023$374K
FY2024$512K
Net assets
$28K
FY2023▼ -53%
Tap a bar for its year
Net assets by fiscal year
FY2022$60K
FY2023$28K
FY2024$19K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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 Jan 2021.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $361K Management & general 3% · $13K

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.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Events Co-Chair
$0Pt VII · Sec A
Events Co-Chair
$0Pt VII · Sec A

Rachel Good’s $22K as President is at the 16th percentile of top reported officer pay among 1613 $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.

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Fosters learning, critical thinking, and creativity to inspire positive community change.

Questions for Discovery Learners' Academy

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Provided by the organization

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1 program · $361K · in their own filed words · FY2023
01

To provide a place of learning where all members are accepted and to promote critical thinking, problem solving, creativity, bravery, and kindness, and to inspire learners to create positive change in their community.

$361Kprogram expense

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 · FY2024
Total grants receivedfrom 2 funders$35K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$342K
Ln 12
Fees for servicesLn 2g$188K
Gifts and grantsLn 1h$154K
Investment incomeLn 3$33
Money outPt IX
$374K
Ln 25
Programscol B$361K
Managementcol C$13K
Owns and owesPt X
$28K
net assets · Ln 32
Cash and savingsLn 1–2$29K
Total assetsLn 16$32K
LiabilitiesLn 26$4K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$154K
Fees for servicesLn 2g$188K
Investment incomeLn 3$33
Total revenueLn 12$342K
Assets in detailPt X, end of year
CashLn 1$29K
Cash and savings togetherLn 1–2$29K
Land, buildings, equipmentLn 10c$4K
Total assetsLn 16$32K
LiabilitiesLn 26$4K
Net assetsLn 32$28K
OperationsPt I, VI
EmployeesI 510
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$62K$29K
Land, buildings, equipmentLn 10c$0$4K
Total assetsLn 16$62K$32K
LiabilitiesLn 26$2K$4K
Net assetsLn 32$60K$28K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$218K$218K
Other employee benefitsLn 9$35K$35K
Payroll taxesLn 10$27K$27K
Accounting feesLn 11c$750$750
Advertising and promotionLn 12$77$77
Office expensesLn 13$1K$1K
OccupancyLn 16$31K$31K
TravelLn 17$1K$1K
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$254$254
Depreciation, depletion and amortizationLn 22$50$50
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$45K$45K
All other expensesLn 24e$5K$3K$3K
Total functional expensesLn 25$374K$361K$13K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $504K$512K−$9K$19K 990 PDF
FY2023 Viewing $342K$374K−$32K$28K 990 PDF
FY2022 $205K$146K$59K$60K 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 FY2023 990 (6 parts)
Part I · Summary $342,014 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $141,678$153,597
I-9 Program service revenuePrior year $63,041$188,384
I-10 Investment incomePrior year $27$33
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $204,746$342,014
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $97,463$280,477
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $48,233$93,514
I-18 Total expensesPrior year $145,696$373,991
I-19 Revenue less expensesPrior year $59,050−$31,977
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $342,014 across 5 lines filed
VIII-1f All other contributions, gifts and grants$153,597
VIII-1h Total contributions, gifts and grants$153,597
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $188,384$188,384
VIII-3 Investment incomeExcluded from tax $33$33
VIII-12 Total revenueRelated to mission $188,384 · Unrelated business $0 · Excluded from tax $33$342,014
Part IX · Statement of functional expenses $373,991 across 14 lines filed
IX-7 Other salaries and wagesPrograms $218,183$218,183
IX-9 Other employee benefitsPrograms $34,895$34,895
IX-10 Payroll taxesPrograms $27,399$27,399
IX-11c Accounting feesManagement $750$750
IX-12 Advertising and promotionManagement $77$77
IX-13 Office expensesManagement $1,005$1,005
IX-16 OccupancyPrograms $31,096$31,096
IX-17 TravelManagement $1,409$1,409
IX-19 Conferences, conventions and meetingsPrograms $2,147$2,147
IX-20 InterestManagement $254$254
IX-22 Depreciation, depletion and amortizationPrograms $50$50
IX-23 InsuranceManagement $6,423$6,423
IX-24 Other expenses (24a–d)Programs $45,040$45,040
IX-24e All other expensesPrograms $2,547 · Management $2,716$5,263
IX-25 Total functional expensesPrograms $361,357 · Management $12,634 · Fundraising $0$373,991
Part X · Balance sheet $32,229 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $62,421$28,646
X-10c Land, buildings and equipment, netStart of year $0$3,583
X-16 Total assetsStart of year $62,421$32,229
X-25 Other liabilitiesStart of year $2,360$4,275
X-26 Total liabilitiesStart of year $2,360$4,275
X-27 Net assets without donor restrictionsStart of year $60,061$27,954
X-32 Total net assets or fund balancesStart of year $60,061$27,954
X-33 Total liabilities and net assetsStart of year $62,421$32,229
Part XI · Reconciliation of net assets $27,954 net assets at year end
XI-1 Total revenue$342,014
XI-2 Total expenses$373,991
XI-3 Revenue less expenses−$31,977
XI-4 Net assets at start of year$60,061
XI-8 Prior period adjustments−$130
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$27,954

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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