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Olive Tree Early Learning Academy

Tax-deductible

Knoxville, TN501(c)(3)Since 2022Human Services EIN 92-0565554Revenue $1.1M in FY2025

On file with the IRSolivetreelearning.org5311 McKamey Rd, 37921-4927 · Knoxville, TNTax-exempt since Apr 2023Publicly supported charity — 170(b)(1)(A)(vi)

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Olive Tree Early Learning Academy was established in 2022 to partner families together with exceptional educators in a whole child approach to a high-quality Early education that provides a creative, safe and inclusive environment where children grow to love Learning.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 45 volunteers and 43 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $215K a year · 13% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $233K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
61% of total assets
Fine: liabilities are 61% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
-47% vs prior year
Spent
$1.8M
To programs
85%
Net assets
$856K
By yearFY2023–FY2025
Revenue
$1.1M
FY2025▼ -47%
Tap a bar for its year
Revenue by fiscal year
FY2023$2.0M
FY2024$2.0M
FY2025$1.1M
Expenses
$1.8M
FY2025▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2023$853K
FY2024$1.8M
FY2025$1.8M
Net assets
$856K
FY2025▼ -47%
Tap a bar for its year
Net assets by fiscal year
FY2023$1.3M
FY2024$1.6M
FY2025$856K

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2023.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $1.6M Management & general 12% · $221K Fundraising 3% · $54K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
Patty Bowlin
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Lori Haskell
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Lee Robinson
Director
$0Pt VII · Sec A
Amy Shelton
Secretary
$0Pt VII · Sec A
See Olive Tree Early Learning Academy executive salaries →

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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 high-quality early education with a whole-child approach in a safe, inclusive environment.

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Provided by the organization

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1 program · $1.6M · in their own filed words · FY2025
01

Olive tree early learning academy was formed to partner families together with exceptional educators in a whole child approach to a high-quality early education that provides a creative, safe and inclusive environment where children grow to love learning.

$1.6Mprogram 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
Bill and Crissy Haslam FoundationFY2024$75K
Natl Christian Charitable Fdn INCFY2024$53K
United Way of Greater Knoxville INCFY2024$50K
Schmidgall Family FoundationFY2024$40K
Trinity Health Foundation of East TennesseeFY2024$15K
Total grants receivedfrom 5 funders$233K
See all 5 funders →

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$691K
Fees for servicesLn 2g$388K
Investment incomeLn 3$4K
Money outPt IX
$1.8M
Ln 25
Programscol B$1.6M
Managementcol C$221K
Fundraisingcol D$54K
Owns and owesPt X
$856K
net assets · Ln 32
Cash and savingsLn 1–2$275K
Total assetsLn 16$2.2M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$691K
Government grantsLn 1e$396K
Fees for servicesLn 2g$388K
Investment incomeLn 3$4K
Other incomeLn 4–11$140
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$275K
Cash and savings togetherLn 1–2$275K
Land, buildings, equipmentLn 10c$594K
Other assetsLn 15$149K
Total assetsLn 16$2.2M
LiabilitiesLn 26$1.3M
Net assetsLn 32$856K
OperationsPt I, VI
EmployeesI 543
VolunteersI 645
Fiscal year endsHeaderDecember
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 FY25End FY25
Cash and savingsLn 1–2$455K$275K
Land, buildings, equipmentLn 10c$887K$594K
Total assetsLn 16$3.2M$2.2M
LiabilitiesLn 26$1.6M$1.3M
Net assetsLn 32$1.6M$856K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$886K$798K$60K$27K
Other employee benefitsLn 9$141K$127K$10K$4K
Payroll taxesLn 10$68K$62K$5K$2K
Accounting feesLn 11c$30K$30K
Other fees for servicesLn 11g$1K$1K$141
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$25K$25K
OccupancyLn 16$79K$65K$7K$7K
TravelLn 17$13K$13K
InterestLn 20$78K$78K
Depreciation, depletion and amortizationLn 22$321K$283K$39K
InsuranceLn 23$18K$12K$5K$532
Other expenses (24a–d)Ln 24$114K$114K
All other expensesLn 24e$56K$38K$6K$12K
Total functional expensesLn 25$1.8M$1.6M$221K$54K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.1M$1.8M−$756K$856K 990 PDF
FY2024 $2.0M$1.8M$271K$1.6M 990 PDF
FY2023 $2.0M$853K$1.1M$1.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,082,685 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,647,093$690,591
I-9 Program service revenuePrior year $373,496$387,606
I-10 Investment income$4,348
I-11 Other revenuePrior year $25,476$140
I-12 Total revenuePrior year $2,046,065$1,082,685
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,059,685$1,094,958
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $715,514$743,353
I-18 Total expensesPrior year $1,775,199$1,838,311
I-19 Revenue less expensesPrior year $270,866−$755,626
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,082,685 across 8 lines filed
VIII-1a Federated campaigns$50,000
VIII-1e Government grants$395,567
VIII-1f All other contributions, gifts and grants$245,024
VIII-1h Total contributions, gifts and grants$690,591
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $387,606$387,606
VIII-3 Investment incomeRelated to mission $4,348$4,348
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $140$140
VIII-12 Total revenueRelated to mission $392,094$1,082,685
Part IX · Statement of functional expenses $1,838,311 across 14 lines filed
IX-7 Other salaries and wagesPrograms $798,374 · Management $59,864 · Fundraising $27,293$885,531
IX-9 Other employee benefitsPrograms $127,131 · Management $9,533 · Fundraising $4,346$141,010
IX-10 Payroll taxesPrograms $61,683 · Management $4,625 · Fundraising $2,109$68,417
IX-11c Accounting feesPrograms $29,888$29,888
IX-11g Other fees for servicesPrograms $1,266 · Management $141$1,407
IX-12 Advertising and promotionPrograms $8,376$8,376
IX-13 Office expensesPrograms $25,467$25,467
IX-16 OccupancyPrograms $64,631 · Management $6,855 · Fundraising $7,248$78,734
IX-17 TravelManagement $12,735$12,735
IX-20 InterestManagement $77,622$77,622
IX-22 Depreciation, depletion and amortizationPrograms $282,541 · Management $38,528$321,069
IX-23 InsurancePrograms $11,887 · Management $5,322 · Fundraising $532$17,741
IX-24 Other expenses (24a–d)Programs $113,961$113,961
IX-24e All other expensesPrograms $38,013 · Management $6,113 · Fundraising $12,227$56,353
IX-25 Total functional expensesPrograms $1,563,218 · Management $221,338 · Fundraising $53,755$1,838,311
Part X · Balance sheet $2,180,889 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $454,729$275,460
X-3 Pledges and grants receivableStart of year $1,537,751$1,098,563
X-4 Accounts receivableStart of year $37,195$50,455
X-9 Prepaid expenses and deferred chargesStart of year $23,093$13,407
X-10c Land, buildings and equipment, netStart of year $887,102$594,327
X-15 Other assetsStart of year $223,064$148,677
X-16 Total assetsStart of year $3,162,934$2,180,889
X-17 Accounts payable and accrued expensesStart of year $34,849$30,867
X-19 Deferred revenueStart of year $6,167$14,692
X-26 Total liabilitiesStart of year $1,551,295$1,324,876
X-27 Net assets without donor restrictionsStart of year $73,888−$242,550
X-28 Net assets with donor restrictionsStart of year $1,537,751$1,098,563
X-32 Total net assets or fund balancesStart of year $1,611,639$856,013
X-33 Total liabilities and net assetsStart of year $3,162,934$2,180,889
Part XI · Reconciliation of net assets $856,013 net assets at year end
XI-1 Total revenue$1,082,685
XI-2 Total expenses$1,838,311
XI-3 Revenue less expenses−$755,626
XI-4 Net assets at start of year$1,611,639
XI-10 Net assets at end of year$856,013

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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