K And N Learning Centers Inc
- Assets
- $1.6m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 66
- Location
- Prescott, WI
- Founding
- 01/2013
- Data as of
- 12/2023
- EIN
- 45-1148801
Organization Overview
K And N Learning Centers Inc, operating under the name New Adventures Learning-Prescott, is located in Prescott, WI. The organization was established in 2013. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 12/2023, New Adventures Learning-Prescott employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Adventures Learning-Prescott 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 12/2023, New Adventures Learning-Prescott generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 9.9% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
K&N LEARNING CENTER'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE QUALITY CHILD CARE AND PRESCHOOL SERVICES TO PARENTS IN PRESCOTT, WISCONSIN AND THE SURROUNDING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILD CARE CENTER AND PRESCHOOL. CHILDREN AGES 6 WEEKS TO 12 YEARS OLD ARE OFFERED SAFE CARE IN AN EDUCATIONALLY STIMULATING ENVIRONMENT. PIERCE COUNTY OFFERS SUBSIDIES FOR PARENTS THAT CANNOT AFFORD THE TUITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Collins President/tr | OfficerTrustee | 60 | $66,248 |
Robert Collins Member | Trustee | 2 | $0 |
Kathy Licht Director | Trustee | 2 | $0 |
Bradi Riley Director/vic | OfficerTrustee | 2 | $0 |
Kris Sampson Director/sec | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,346 |
| All other contributions, gifts, grants, and similar amounts not included above | $332 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,678 |
| Total Program Service Revenue | $1,394,763 |
| Investment income | $1,957 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,491,794 |
| 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. | $66,248 |
| Compensation of current officers, directors, key employees. | $23,187 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $756,901 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,271 |
| Payroll taxes | $69,687 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,796 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $29,666 |
| Office expenses | $4,807 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,983 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $26,028 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,677 |
| Insurance | $14,748 |
| All other expenses | $53,399 |
| Total functional expenses | $1,271,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $229,306 |
| Savings and temporary cash investments | $545,446 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,936 |
| 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 | $0 |
| Net Land, buildings, and equipment | $820,204 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $28,600 |
| Other assets | $0 |
| Total assets | $1,629,492 |
| Accounts payable and accrued expenses | $14,207 |
| 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 | $569,862 |
| Unsecured mortgages and notes payable | $3,343 |
| Other liabilities | $0 |
| Total liabilities | $587,412 |
| Net assets without donor restrictions | $1,042,080 |
| Net assets with donor restrictions | $0 |
| 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 | $1,629,492 |