Blessed Beginnings Learning Academy
- Assets
- $339.3k
- Revenue
- $318.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 07/1997
- Data as of
- 12/2023
- EIN
- 62-1633538
Organization Overview
Blessed Beginnings Learning Academy is located in Memphis, TN. The organization was established in 1997. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blessed Beginnings Learning Academy 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, Blessed Beginnings Learning Academy generated $318.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 30.9% each year . All expenses for the organization totaled $184.3k during the year ending 12/2023. While expenses have increased by 10.2% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Taylor Co-Chairman | 32 | $20,216 | |
Bridgette Gayden Director | 32 | $32,939 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $91,651 |
| Interest on Savings | $185 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $226,636 |
| Total Revenue | $318,472 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $53,155 |
| Other employee salaries and wages | $43,023 |
| Pension plans, employee benefits | $635 |
| Interest | $0 |
| Taxes | $7,372 |
| Depreciation | $0 |
| Occupancy | $52,172 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $55 |
| Other expenses | $18,156 |
| Total operating and administrative expenses | $184,318 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $184,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $292,920 |
| Savings and temporary cash investments | $46,400 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $339,320 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |