Civic Intelligence

Krayola Learning Academy Inc.

990 • Fiscal year 2014 • EIN 03-0537017

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 17, 2015

Organization ProfileN/A
301 Mueller Brass RoadCovington, TN 38019

(901) 581-4430

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

86th percentile

0.75x

Higher debt load relative to assets than 86% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

89th percentile

1.98x

Higher debt load relative to revenue than 89% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

53rd percentile

3.6%

Higher net margin than 53% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

36th percentile

$11,000

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

43rd percentile

0.3%

Faster asset growth than 43% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

21st percentile

-9.7%

Faster revenue growth than 21% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$1,011,706

Up $2,626 (+0.3%) from 2013

Net Assets

Up

$256,075

Up $13,589 (+5.6%) from 2013

Liabilities

Down

$755,631

Down $10,963 (-1.4%) from 2013

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin53rd percentile

Revenue

Down

$381,251

Down $40,992 (-9.7%) from 2013

Expenses

Down

$367,662

Down $85,441 (-19%) from 2013

Net Income

Up

$13,589

Up $44,449 (+144%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2010: $1,028,387Liabilities 2010: $798,311Net Assets 2010: $230,0762010Assets 2011: $1,047,162Liabilities 2011: $784,910Net Assets 2011: $262,2522011Assets 2012: $1,045,032Liabilities 2012: $771,686Net Assets 2012: $273,3462012Assets 2013: $1,009,080Liabilities 2013: $766,594Net Assets 2013: $242,4862013Assets 2014: $1,011,706Liabilities 2014: $755,631Net Assets 2014: $256,0752014Assets 2015: $993,003Liabilities 2015: $751,681Net Assets 2015: $241,3222015Assets 2016: $1,009,857Liabilities 2016: $748,136Net Assets 2016: $261,7212016Assets 2017: $1,019,591Liabilities 2017: $718,494Net Assets 2017: $301,0972017Assets 2018: $1,030,662Liabilities 2018: $713,482Net Assets 2018: $317,1802018Assets 2022: $1,034,895Liabilities 2022: $687,102Net Assets 2022: $347,7932022Assets 2023: $979,049Liabilities 2023: $660,518Net Assets 2023: $318,5312023Assets 2024: $805,573Liabilities 2024: $636,664Net Assets 2024: $168,9092024

Highlighted filing

2014

Assets$1,011,706
Liabilities$755,631
Net Assets$256,075
Open 2014 Filing

Operations Trend

Revenue Growth21st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $556,7732010Expenses 2011: $485,0562011Revenue 2012: $486,060Expenses 2012: $466,108Net Income 2012: $19,9522012Revenue 2013: $422,243Expenses 2013: $453,103Net Income 2013: -$30,8602013Revenue 2014: $381,251Expenses 2014: $367,662Net Income 2014: $13,5892014Revenue 2015: $392,762Expenses 2015: $407,515Net Income 2015: -$14,7532015Revenue 2016: $445,359Expenses 2016: $431,751Net Income 2016: $13,6082016Revenue 2017: $474,005Expenses 2017: $434,629Net Income 2017: $39,3762017Revenue 2018: $460,606Expenses 2018: $444,523Net Income 2018: $16,0832018Revenue 2022: $628,712Expenses 2022: $532,849Net Income 2022: $95,8632022Revenue 2023: $960,940Expenses 2023: $990,202Net Income 2023: -$29,2622023Revenue 2024: $783,004Expenses 2024: $743,421Net Income 2024: $39,5832024

Highlighted filing

2014

Revenue$381,251
Expenses$367,662
Net Income$13,589
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 17, 2015
Return Version
2014v5.0
Gross Receipts
$382,592
Mission and Program Overview

Mission

child care and day care facilities

child care and day care facilities in a rural community

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$780,969$780,173▼ $796
Accounts Receivable$129,473$138,022▲ $8,549
Cash and Non-Interest-Bearing Accounts$98,638$93,511▼ $5,127
Total Assets$1,009,080$1,011,706▲ $2,626
Liabilities
Mortgage Notes Payable Secured by Investment Property$738,723$728,141▼ $10,582
Accounts Payable and Accrued Expenses$27,871$27,490▼ $381
Total Liabilities$766,594$755,631▼ $10,963
Net Assets / Fund Balance
Unrestricted Net Assets$242,486$256,075▲ $13,589
Total Net Assets Fund Balance$242,486$256,075▲ $13,589
Total Liabilities and Net Assets / Fund Balance$1,009,080$1,011,706▲ $2,626

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$618,968$103,594$722,562
Land$145,500-$145,500
Equipment$15,705$42,414$58,119
Compensation and Service Providers
Top Officer Pay36th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Rose K StemmonsPresidentPT$11,000$11,000

Board Members and Trustees

NameTitle
Cathy Hailey-kent EsqDirector
Jacqueline BurnettDirector
Jerithea Tidwell PhdDirector
Melissa Brown JonesSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$378,777
Investment Income
$959
Other Revenue
$1,515
Change in Net Assets
$13,589
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$239,662
Other Expenses$128,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$227,253$0$0$227,253
Occupancy$34,774$0$0$34,774
Interest$31,980$0$0$31,980
All Other Expenses$13,914$0$0$13,914
Current Officers, Directors, Trustees, and Key Employees$0$12,000$0$12,000
Insurance$10,953$0$0$10,953
Advertising$2,575$0$0$2,575
Travel$2,181$0$0$2,181
Office Expenses$1,469$0$0$1,469
Fees for Services Accounting$1,323$0$0$1,323
Other Employee Benefits$409$0$0$409
Information Technology$156$0$0$156
Other Expenses$22$0$0$22
Total Functional Expenses$355,577$12,085$0$367,662
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$2,856
Fundraising Direct Expenses$1,341
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Krayola Learning Academy Inc
EIN
03-0537017
Phone
9015814430
Address
301 Mueller Brass Road, Covington, TN 38019

Signing Officer

Name
Rose Stemmons
Title
President
Phone
9015814430
Signed
2015-08-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rose Stemmons
Formed
2004
Legal Domicile
Tn
Voting Board Members
5
Independent Board Members
5
Employees
5
Volunteers
3

Preparer

Firm
Bethany K Huffman CPA
Address
8370 HWY 51 N SUITE 104, MILLINGTON, TN 38053
Preparer
Bethany K Huffman CPA
Phone
9018726830
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Review by Board of Directors of Form 990 before filing”

Pt VI, Line 12C

“Annual conflict of interest policy reviewed by Board and confirmed”

Pt VI, Line 15A

“Setting of President's monthly salary approved by Board”

Pt XI

“Line 5 prior period adjustment to write off accounts receivable”

Form 990EZ, Part I, Line 16

“Advertising filing fees food expense kitchen / paper products finance charges meals and entertainment workers compensation insurance business taxes classroom supply expense travel expense training expense classroom toys expense computer supplies/software educational materials / supplies outdoor toy expense rest mats / cots interest expense membership dues & subscriptions miscellaneous expense professional development bad debt expense”

Form 990EZ, Part II, Line 24

“ACCOUNTS RECEIVABLE”

Form 990EZ, Part II, Line 26

“Accounts payable usda rural development loan payroll liabilities”

Form 990, Part IX, Line 24F

“Dues and subscriptions 165. 165. 0. 0. Miscellaneous 29. 29. Program supplies 13780. 13780. 0. 0. Licensure expense 380. 380. 0. 0. Training -440. -440. 0. 0.”

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IRS990ScheduleD/LandGrp/BookValueAmt0145500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0145500
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0780173
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Review by Board of Directors of Form 990 before filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Annual conflict of interest policy reviewed by Board and confirmed
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Setting of President's monthly salary approved by Board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Line 5 prior period adjustment to write off accounts receivable
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ADVERTISING FILING FEES FOOD EXPENSE KITCHEN / PAPER PRODUCTS FINANCE CHARGES MEALS AND ENTERTAINMENT WORKERS COMPENSATION INSURANCE BUSINESS TAXES CLASSROOM SUPPLY EXPENSE TRAVEL EXPENSE TRAINING EXPENSE CLASSROOM TOYS EXPENSE COMPUTER SUPPLIES/SOFTWARE EDUCATIONAL MATERIALS / SUPPLIES OUTDOOR TOY EXPENSE REST MATS / COTS INTEREST EXPENSE MEMBERSHIP DUES & SUBSCRIPTIONS MISCELLANEOUS EXPENSE PROFESSIONAL DEVELOPMENT BAD DEBT EXPENSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ACCOUNTS RECEIVABLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ACCOUNTS PAYABLE USDA RURAL DEVELOPMENT LOAN PAYROLL LIABILITIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DUES AND SUBSCRIPTIONS 165. 165. 0. 0. MISCELLANEOUS 29. 29. PROGRAM SUPPLIES 13780. 13780. 0. 0. LICENSURE EXPENSE 380. 380. 0. 0. TRAINING -440. -440. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24f
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01009080
IRS990/TotalAssetsEOYAmt01011706
IRS990/TotalAssetsGrp/BOYAmt01009080
IRS990/TotalAssetsGrp/EOYAmt01011706
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012085
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0355577
IRS990/TotalFunctionalExpensesGrp/TotalAmt0367662
IRS990/TotalGrossUBIAmt01515
IRS990/TotalLiabilitiesBOYAmt0766594
IRS990/TotalLiabilitiesEOYAmt0755631
IRS990/TotalLiabilitiesGrp/BOYAmt0766594
IRS990/TotalLiabilitiesGrp/EOYAmt0755631
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0242486
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0256075
IRS990/TotalProgramServiceExpensesAmt0355577
IRS990/TotalProgramServiceRevenueAmt0378777
IRS990/TotalReportableCompFromOrgAmt011000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0379736
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0381251
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt01515
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01009080
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01011706
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt02181
IRS990/TravelGrp/TotalAmt02181
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0242486
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0256075
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0301 Mueller Brass Road Box 8
IRS990/USAddress/CityNm0Covington
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038019
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROSE STEMMONS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09015814430
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-08-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Krayola Learning Academy Inc
ReturnHeader/Filer/BusinessNameControlTxt0KRAY
ReturnHeader/Filer/EIN0030537017
ReturnHeader/Filer/PhoneNum09015814430
ReturnHeader/Filer/USAddress/AddressLine1Txt0301 Mueller Brass Road
ReturnHeader/Filer/USAddress/CityNm0Covington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038019
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BETHANY K HUFFMAN CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08370 HWY 51 N SUITE 104
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MILLINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038053
ReturnHeader/PreparerPersonGrp/PhoneNum09018726830
ReturnHeader/PreparerPersonGrp/PreparationDt02015-08-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BETHANY K HUFFMAN CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-08-17T15:59:56-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,011,706
Liabilities
$755,631
Net assets
$256,075
Revenue
$381,251
Expenses
$367,662
Net income
$13,589
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.81$0.64$0.17$0.78$0.74$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.98$0.66$0.32$0.96$0.99$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$0.69$0.35$0.63$0.53$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$0.71$0.32$0.46$0.44$0.02
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.72$0.30$0.47$0.43$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.01$0.75$0.26$0.45$0.43$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.99$0.75$0.24$0.39$0.41$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.01$0.76$0.26$0.38$0.37$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.01$0.77$0.24$0.42$0.45$0.03
2012Summary only. Only limited summary data is available for this year.$1.05$0.77$0.27$0.49$0.47$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.78$0.26$0.49
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$0.80$0.23$0.56
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)3 • $1M-$5M nonprofits