Academy Of Learning Inc
- Assets
- $241.0k
- Revenue
- $560.8k
- Investments
- $0.0
- Employees
- 10
- Location
- Pine Bluff, AR
- Founding
- 02/1999
- Data as of
- 12/2021
- EIN
- 71-0815539
Organization Overview
Academy Of Learning Inc is located in Pine Bluff, AR. The organization was established in 1999. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 12/2021, Academy Of Learning Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy Of Learning 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 12/2021, Academy Of Learning Inc generated $560.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $405.3k during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY CHILDCARE WHILE OFFERING A STELLAR ENVIRONMENT FOR THE EDUCATIONAL DEVELOPMENT OF EACH CHILD. PROVIDE NUTRITIOUS MEALS TO HELP IN THE OVERALL HEALTH AND MENTAL DEVELOPMENT OF EACH STUDENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL REOPENED AFTER BEING CLOSED FOR SEVERAL MONTHS DUE TO THE COVID-19 PANDEMIC. STUDENTS LEARNED HOW TO COPE WITH COVID-19 INCLUDING HOW THEY FELT WHEN LOSING FAMILY MEMBERS. TWENTY-SIX STUDENTS GRADUATED FROM PRE-SCHOOL.
ACADEMY OF LEARNING SERVED 6,856 BREAKFAST MEALS, 7,226 LUNCHES AND 8,828 SNACKS TO THE STUDENTS.
PARENTS WERE ENTHUSIASTIC ABOUT THEIR CHILDREN GRADUATING. EACH STUDENT RECEIVED A ROSE IN SPECIAL RECOGNITION FOR THEIR ACCOMPLISHMENTS. THIRTY-FOUR STUDENTS ARE SCHEDULED TO RETURN FOR THE NEXT SCHOOL YEAR.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $560,517 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $560,517 |
| Total Program Service Revenue | $253 |
| Investment income | $0 |
| 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 | $560,770 |
| 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 | $3,600 |
| Compensation of current officers, directors, key employees. | $21,500 |
| Compensation of current officers, directors, key employees. | $21,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $173,740 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $755 |
| Payroll taxes | $18,413 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,121 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,357 |
| Advertising and promotion | $225 |
| Office expenses | $12,490 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,522 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $661 |
| Interest | $380 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $717 |
| Insurance | $10,514 |
| All other expenses | $0 |
| Total functional expenses | $405,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $228,909 |
| 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 | $0 |
| Net Land, buildings, and equipment | $12,109 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $241,018 |
| Accounts payable and accrued expenses | $3,204 |
| 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 | $2,056 |
| Other liabilities | $16,713 |
| Total liabilities | $21,973 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $224,305 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$5,260 |
| Total liabilities and net assets/fund balances | $241,018 |
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