Civic Intelligence

Precious Jewels Learning Academy Inc.

EIN 32-0400978 • 501(c)3 • Atlanta, GA

Pub. 78 Eligible

Profile

Provides qualified childcare services to a diverse group of students experiencing economic hardship.

1517 Ralph David Abernathy BlvdAtlanta, GA 30310
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

77th percentile

23%

Higher net margin than 77% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

13th percentile

-72%

Faster asset growth than 13% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

91st percentile

93%

Faster revenue growth than 91% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$3,226

Up $759 (+31%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Up

$3,226

Up $759 (+31%) from 2022

Revenue

Down

$230,831

Down $42,513 (-16%) from 2022

Expenses

Down

$179,262

Down $31,684 (-15%) from 2022

Net Income

Down

$51,569

Down $10,829 (-17%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80K$60K$40K$20K$0Assets 2014: $181Liabilities 2014: $0Net Assets 2014: $1812014Assets 2015: $1,300Liabilities 2015: $0Net Assets 2015: $1,3002015Assets 2016: $1,088Liabilities 2016: $0Net Assets 2016: $1,0882016Assets 2017: $474Liabilities 2017: $0Net Assets 2017: $4742017Assets 2018: $1,803Liabilities 2018: $0Net Assets 2018: $1,8032018Assets 2019: $495Liabilities 2019: $0Net Assets 2019: $4952019Assets 2020: $69,965Liabilities 2020: $0Net Assets 2020: $69,9652020Assets 2021: $8,725Liabilities 2021: $0Net Assets 2021: $8,7252021Assets 2022: $2,467Liabilities 2022: $0Net Assets 2022: $2,4672022Assets 2023: $3,226Liabilities 2023: $0Net Assets 2023: $3,2262023

Highlighted filing

2023

Assets$3,226
Liabilities$0
Net Assets$3,226

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2014: $196,942Expenses 2014: $196,799Net Income 2014: $1432014Revenue 2015: $112,782Expenses 2015: $111,663Net Income 2015: $1,1192015Revenue 2016: $214,737Expenses 2016: $214,949Net Income 2016: -$2122016Revenue 2017: $114,730Expenses 2017: $115,344Net Income 2017: -$6142017Revenue 2018: $220,242Expenses 2018: $218,913Net Income 2018: $1,3292018Revenue 2019: $204,208Expenses 2019: $205,516Net Income 2019: -$1,3082019Revenue 2020: $230,813Expenses 2020: $161,343Net Income 2020: $69,4702020Revenue 2021: $141,609Expenses 2021: $331,845Net Income 2021: -$190,2362021Revenue 2022: $273,344Expenses 2022: $210,946Net Income 2022: $62,3982022Revenue 2023: $230,831Expenses 2023: $179,262Net Income 2023: $51,5692023

Highlighted filing

2023

Revenue$230,831
Expenses$179,262
Net Income$51,569

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 11, 2024
Return Version
2023v5.0
Gross Receipts
$230,831
Mission and Program Overview

Mission

REFER TO STATEMENT 1

Provides qualified childcare services to a diverse group of students experiencing economic hardship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,467$3,226▲ $759
Total Assets$2,467$3,226▲ $759
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,467$3,226▲ $759
Total Net Assets Fund Balance$2,467$3,226▲ $759
Total Liabilities and Net Assets / Fund Balance$2,467$3,226▲ $759
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Chiquetta D CarterExecutive DirectorceoFT$29,900$29,900

Board Members and Trustees

NameTitle
Teresa CarterBoard Membercfo
Robin NashSecretary
Alfred HamiltonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$230,831
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$51,569
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$125,600
Salaries, Compensation, and Employee Benefits$53,662
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy-$45,900-$45,900
Current Officers, Directors, Trustees, and Key Employees$29,900--$29,900
Other Salaries and Wages$18,998--$18,998
All Other Expenses$4,200$5,700-$9,900
Insurance$5,200--$5,200
Payroll Taxes$4,764--$4,764
Advertising-$4,000-$4,000
Other Expenses$5,600$1,500-$1,500
Total Functional Expenses$122,162$57,100$0$179,262
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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 35% controlled entity
No
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
No
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

Governance Explanations

Form 990 governing body review Part VI line 11

All board members are required to review form 990 prior to the actual filing.

Conflict of interest policy compliance Part VI line 12C

It is pjla policy that employees and others acting on pjlas behalf must be free from conflicts of interest that could adversely influence their judgment, objectivity or loyalty to the organization in conducting pjla business activities and assignments. In connection with any actual or possible conflicts of interest, an interested party must disclose the existence of the financial interest and must be given the opportunity to disclose all material facts to the board. After disclosure of the financial interest and all material facts, the individual shall leave the board meeting while the determination is discussed and voted on. The remaining board members shall determine if a conflict of interest exist. If a conflict of interest exist, the board will determine the appropriate resolution.

Governing documents etc available to public Part VI line 19

All governing documents are available for review upon scheduling an appointment with the executive director.

Filing and Contact Details

Filer

Filer Name
Precious Jewels Learning Academy
EIN
32-0400978
Address
1517 RALPH DAVID ABERNATHY BLVD, ATLANTA, GA 30310

Signing Officer

Name
Chiquetta Carter
Title
Ceoexecutive D
Phone
6789749230
Signed
2024-05-11
Discuss with paid preparer
No

Organization Details

Principal Officer
Chiquetta D Carter
Formed
2013
Legal Domicile
Ga
Voting Board Members
4
Independent Board Members
3
Employees
6

Preparer

Firm
Accounting & Tax Advisory Group Pc
Address
555 N POINT CTR E STE 400, ALPHARETTA, GA 30022
Preparer
Riolene J Ibok
Phone
7705586338
Supplemental Narrative

Additional Explanations

General explanation attachment

Primary exempt purposeprecious jewels learning academy (academyorpjla)provides qualified childcare services to underserved families. About usannually, the academy services on average 100 to 150 children from economically stressed families. Over 90% of the students participates in the subsidized child care program and qualifies for child and adult care food program(cacfp).the academy services families with children in the infant, toddler, preschool and school age categories in a safe and nurturing environment. We provide hands on activities to inspire young minds and creative projects to enhance skill sets. We prepare healthy nutritious meals daily. We create a safe & fun environment to promote physical fitness that benefits students physically while promoting learning. Family scholarshipssponsored scholarships for five economically disadvantaged students. These scholarship allowed five children in need to attend our program at no cost to their families. The value of the scholarship was $46,000.rise from asheson july 2022, the building that housed precious jewels learning academy was burned down. Although traumatic, we explored every avenue to keep the center operational while minimizing any service disruption. We were fortunate to find a new location that allowed us to continue to service these economically disadvantaged young children in a very nurturing environment that promotes learning at all levels of their precious young lives.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL BOARD MEMBERS ARE REQUIRED TO REVIEW FORM 990 PRIOR TO THE ACTUAL FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IT IS PJLA POLICY THAT EMPLOYEES AND OTHERS ACTING ON PJLAS BEHALF MUST BE FREE FROM CONFLICTS OF INTEREST THAT COULD ADVERSELY INFLUENCE THEIR JUDGMENT, OBJECTIVITY OR LOYALTY TO THE ORGANIZATION IN CONDUCTING PJLA BUSINESS ACTIVITIES AND ASSIGNMENTS. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, AN INTERESTED PARTY MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND MUST BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, THE INDIVIDUAL SHALL LEAVE THE BOARD MEETING WHILE THE DETERMINATION IS DISCUSSED AND VOTED ON. THE REMAINING BOARD MEMBERS SHALL DETERMINE IF A CONFLICT OF INTEREST EXIST. IF A CONFLICT OF INTEREST EXIST, THE BOARD WILL DETERMINE THE APPROPRIATE RESOLUTION.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PRIMARY EXEMPT PURPOSEPRECIOUS JEWELS LEARNING ACADEMY (ACADEMYORPJLA)PROVIDES QUALIFIED CHILDCARE SERVICES TO UNDERSERVED FAMILIES. ABOUT USANNUALLY, THE ACADEMY SERVICES ON AVERAGE 100 TO 150 CHILDREN FROM ECONOMICALLY STRESSED FAMILIES. OVER 90% OF THE STUDENTS PARTICIPATES IN THE SUBSIDIZED CHILD CARE PROGRAM AND QUALIFIES FOR CHILD AND ADULT CARE FOOD PROGRAM(CACFP).THE ACADEMY SERVICES FAMILIES WITH CHILDREN IN THE INFANT, TODDLER, PRESCHOOL AND SCHOOL AGE CATEGORIES IN A SAFE AND NURTURING ENVIRONMENT. WE PROVIDE HANDS ON ACTIVITIES TO INSPIRE YOUNG MINDS AND CREATIVE PROJECTS TO ENHANCE SKILL SETS. WE PREPARE HEALTHY NUTRITIOUS MEALS DAILY. WE CREATE A SAFE & FUN ENVIRONMENT TO PROMOTE PHYSICAL FITNESS THAT BENEFITS STUDENTS PHYSICALLY WHILE PROMOTING LEARNING. FAMILY SCHOLARSHIPSSPONSORED SCHOLARSHIPS FOR FIVE ECONOMICALLY DISADVANTAGED STUDENTS. THESE SCHOLARSHIP ALLOWED FIVE CHILDREN IN NEED TO ATTEND OUR PROGRAM AT NO COST TO THEIR FAMILIES. THE VALUE OF THE SCHOLARSHIP WAS $46,000.RISE FROM ASHESON JULY 2022, THE BUILDING THAT HOUSED PRECIOUS JEWELS LEARNING ACADEMY WAS BURNED DOWN. ALTHOUGH TRAUMATIC, WE EXPLORED EVERY AVENUE TO KEEP THE CENTER OPERATIONAL WHILE MINIMIZING ANY SERVICE DISRUPTION. WE WERE FORTUNATE TO FIND A NEW LOCATION THAT ALLOWED US TO CONTINUE TO SERVICE THESE ECONOMICALLY DISADVANTAGED YOUNG CHILDREN IN A VERY NURTURING ENVIRONMENT THAT PROMOTES LEARNING AT ALL LEVELS OF THEIR PRECIOUS YOUNG LIVES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3General explanation attachment
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/ReturnTs02024-05-13T15:56:35-04:00
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ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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