Backside Learning Center Inc
- Assets
- $978.8k
- Revenue
- $761.7k
- Investments
- $0.0
- Employees
- 15
- Location
- Louisville, KY
- Founding
- 05/2016
- Data as of
- 09/2022
- EIN
- 37-1803514
Organization Overview
Backside Learning Center Inc is located in Louisville, KY. The organization was established in 2016. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 09/2022, Backside Learning Center Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Backside Learning Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2022, Backside Learning Center Inc generated $761.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $618.9k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO CONDUCT EDUCATIONAL, LINGUISTIC, SOCIAL AND OTHER CHARITABLE ACTIVITIES TO PERSONS, AND THEIR FAMILIES, ENGAGED PRIMARILY IN THE CARE, FEEDING, AND TRAINING OF THOROUGHBRED RACE HORSES HOUSED AT RACING AND TRAINING FACILITIES, AND PARTICULARLY AT CHURCHILL DOWNS IN LOUISVILLE, KENTUCKY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEARNING CENTER ADULT PROGRAMS -THESE PROGRAMS SUPPORT EQUINE WORKERS AND THEIR FAMILIES IN THE PURSUIT OF THEIR PERSONAL AND PROFESSIONAL DREAMS. WE DO THIS BY PROVIDING EDUCATIONAL OPPORTUNITIES, ASSISTANCE IN NAVIGATING AND ACCESSING LOCAL RESOURCES, AND BY CREATING COMMUNITY. IN A CARING AND RESPECTFUL SETTING, OUR CLIENTS DEVELOP THEIR SKILLS AND KNOWLEDGE WITH CLASSES, TUTORING, AND DIRECT ASSISTANCE TAILORED TO THEIR NEEDS. THE ADULT PROGRAMS SERVED APPROXIMATELY 250 OF INDIVIDUALS THROUGH AN AVERAGE OF 20 - 30 CLASSES AND OUTREACH ACTIVITIES PER MONTH. THESE ACTIVITIES INCLUDE ENGLISH AS A SECOND LANGUAGE, CITIZENSHIP AND TECHNOLOGY CLASSES LED BY STAFF MEMBERS AND VOLUNTEERS.
FAMILY EDUCATION PROGRAM - THE FAMILY EDUCATION PROGRAM IS HELD AT OUR OFF-SITE LOCATION. IT PROVIDES ACADEMIC ENRICHMENT ACTIVITIES TO SCHOOL-AGED CHILDREN OF BACKSIDE WORKERS AND OFFERS SIMULTANEOUS ENGLISH CLASSES FOR THEIR PARENTS. THESE PROGRAMS PROVIDE SERVICES TO 20 TO 30 SCHOOL AGE CHILDREN ON AN ONGOING BASIS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherry Stanley Executive Director | Officer | 45 | $64,946 |
Jeffrey Musgrove Treasurer | Trustee | 1 | $0 |
Cassie Blausey Vice President | Trustee | 1 | $0 |
Annie Jessee Secretary | Trustee | 1 | $0 |
Carla Grego Director | Trustee | 1 | $0 |
David Goatley Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $107,844 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $608,867 |
| Noncash contributions included in lines 1a–1f | $34,986 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $716,711 |
| Total Program Service Revenue | $0 |
| Investment income | $26,437 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,546 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $761,694 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $428,318 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,021 |
| Payroll taxes | $32,040 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,409 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,604 |
| Advertising and promotion | $4,991 |
| Office expenses | $6,971 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,734 |
| Travel | $3,488 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,769 |
| Insurance | $7,089 |
| All other expenses | $3,034 |
| Total functional expenses | $618,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,768 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,781 |
| Net Land, buildings, and equipment | $34,538 |
| Investments—publicly traded securities | $733,756 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $978,843 |
| Accounts payable and accrued expenses | $4,156 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,156 |
| Net assets without donor restrictions | $815,812 |
| Net assets with donor restrictions | $158,875 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $978,843 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Backside Learning Center Inc has recieved totaling $161,553.
| Awarding Organization | Amount |
|---|---|
Jewish Heritage Fund For Excellence Inc Louisville, KY PURPOSE: YOUTH DEVELOPMENT | $95,138 |
Metro United Way Inc Louisville, KY PURPOSE: Family education programming | $28,835 |
R W Marshall Foundation Inc Clarksville, IN PURPOSE: PROGRAM SUPPORT | $17,500 |
Julia & Isadore Klein Family Foundation Inc Louisville, KY PURPOSE: CHARITABLE | $15,000 |
Nafzger Family Charitable Foundation Tr Lexington, KY PURPOSE: OPERATING EXPENSES | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $80 |
Endowment Analysis
| Beg. Balance | $898,090 |
| Earnings | -$156,754 |
| Admin Expense | $7,580 |
| Ending Balance | $733,756 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicago Cook Workforce Partnership Chicago, IL | $32,171,643 | $83,286,997 |
Graduate Management Admission Council Reston, VA | $230,212,828 | $77,127,681 |
Project Lead The Way Inc Indianapolis, IN | $104,347,608 | $65,462,690 |
Summit Academy Management Akron, OH | $25,217,091 | $45,520,259 |
Ohio Connections Academy Inc Mason, OH | $14,548,496 | $44,580,487 |
Common Application Inc Arlington, VA | $52,971,416 | $52,316,500 |
Longwood University Real Estate Foundation Farmville, VA | $322,438,396 | $31,911,007 |
Aspira Inc Of Illinois Chicago, IL | $37,783,687 | $23,094,089 |
Lighthouse Academies Of Northwest Indiana Inc Gary, IN | $25,011,234 | $24,142,982 |
Camc Health Education And Research Institute Inc Charleston, WV | $10,132,150 | $15,955,209 |
Childrens Center For Developmental Enrichment Westerville, OH | $12,309,399 | $12,926,419 |
National Association For College Admission Counseling Inc Arlington, VA | $22,607,858 | $9,863,408 |