Civic Intelligence

Precious Jewels Learning Academy Inc.

990 • Fiscal year 2016 • EIN 32-0400978

Jan 01, 2016 to Dec 31, 2016 • Filed on Feb 09, 2017

1284 Joseph E Boone BlvdAtlanta, GA 30314

(678) 974-8122

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

40th percentile

-0.1%

Higher net margin than 40% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

83rd percentile

$20,140

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 9.4% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

23rd percentile

-16%

Faster asset growth than 23% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

92nd percentile

90%

Faster revenue growth than 92% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,088

Down $212 (-16%) from 2015

Net Assets

Down

$1,088

Down $212 (-16%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Up

$214,737

Up $101,955 (+90%) from 2015

Expenses

Up

$214,949

Up $103,286 (+92%) from 2015

Net Income

Down

-$212

Down $1,331 (-119%) from 2015

Historical Trend

Balance Sheet Trend

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

$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

2016

Assets$1,088
Liabilities$0
Net Assets$1,088

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2016

Revenue$214,737
Expenses$214,949
Net Income-$212
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Feb 9, 2017
Return Version
2016v3.0
Gross Receipts
$214,737
Mission and Program Overview

Mission

REFER TO STATEMENT 1

Provides qualified childcare services to underserved families

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,300$1,088▼ $212
Total Assets$1,300$1,088▼ $212
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,300$1,088▼ $212
Total Net Assets Fund Balance$1,300$1,088▼ $212
Total Liabilities and Net Assets / Fund Balance$1,300$1,088▼ $212
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Chiquetta D CarterExecutive DirectorceoFT$20,140$20,140

Board Members and Trustees

NameTitle
Teresa CarterBoard Membercfo
Robin NashSecretary
Alfred HamiltonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$214,737
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-212
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$134,881
Salaries, Compensation, and Employee Benefits$80,068
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy-$57,484-$57,484
Other Salaries and Wages$54,238--$54,238
Current Officers, Directors, Trustees, and Key Employees$20,140--$20,140
All Other Expenses-$8,275-$8,275
Payroll Taxes$5,690--$5,690
Other Expenses$4,265--$4,265
Advertising-$2,422-$2,422
Insurance$2,218--$2,218
Total Functional Expenses$146,768$68,181$0$214,949
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
Backup withholding compliance
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
1284 JOSEPH E BOONE BLVD, ATLANTA, GA 30314

Signing Officer

Name
Chiquetta D Carter
Title
Executive Direc
Phone
6789748122
Signed
2017-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chiquetta D Carter
Formed
2013
Legal Domicile
Ga
Voting Board Members
4
Independent Board Members
3
Employees
7

Preparer

Firm
Accounting & Tax Advisory Group Pc
Address
555 N POINT CTR E STE 400, ALPHARETTA, GA 30022
Preparer
Riolene 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. In 2016, the academy serviced six children of disabled veterans via funding from a local grant. The academy sponsored many other activities in 2016 including but not limited to toys for tots where over 600 families received toys and gifts for the holiday season and back to school bash where members of the community received school supplies, book bags, shoes and clothes. In addition,monthly, the academy sponsors a monthly give away of food and hygiene products to members of the community. The academy is not only committed to educating the young leaders of the community but is also committed towards satisfying economic gaps that many face everyday using pjlas limited resources.

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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL PARTICIPATES IN THE GEORGIA CHILDCARE & PARENT SERVICES (GACAPS). THE PROGRAM PROVIDES CHILD CARE FUNDING TO UNDERSERVED FAMILIES.ACCOMPLISHMENTS CONTINUED FROM PAGE 2IN 2015, THE SCHOOL ENTERED INTO A PARTNERSHIP WITH THE UNITED WAY WHICH WILL ALLOW IT TO REACH FAR MORE STUDENTS AND FAMILIES IN THE COMMUNITY. TO ENCOURAGE A LOVE FOR READING, THE SCHOOL ALLOWS MOREHOUSE INTERNS TO PERIODICALLY VISIT THE CENTER AND READ BOOKS TO STUDENTS. THIS ALLOWS THEM TO SEE A FRESH FACE FOR LEARNING.
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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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL GOVERNING DOCUMENTS ARE AVAILABLE FOR REVIEW UPON SCHEDULING AN APPOINTMENT WITH THE EXECUTIVE DIRECTOR.
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. IN 2016, THE ACADEMY SERVICED SIX CHILDREN OF DISABLED VETERANS VIA FUNDING FROM A LOCAL GRANT. THE ACADEMY SPONSORED MANY OTHER ACTIVITIES IN 2016 INCLUDING BUT NOT LIMITED TO TOYS FOR TOTS WHERE OVER 600 FAMILIES RECEIVED TOYS AND GIFTS FOR THE HOLIDAY SEASON AND BACK TO SCHOOL BASH WHERE MEMBERS OF THE COMMUNITY RECEIVED SCHOOL SUPPLIES, BOOK BAGS, SHOES AND CLOTHES. IN ADDITION,MONTHLY, THE ACADEMY SPONSORS A MONTHLY GIVE AWAY OF FOOD AND HYGIENE PRODUCTS TO MEMBERS OF THE COMMUNITY. THE ACADEMY IS NOT ONLY COMMITTED TO EDUCATING THE YOUNG LEADERS OF THE COMMUNITY BUT IS ALSO COMMITTED TOWARDS SATISFYING ECONOMIC GAPS THAT MANY FACE EVERYDAY USING PJLAS LIMITED RESOURCES.
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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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01300
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01088
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHIQUETTA D CARTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIREC
ReturnHeader/BusinessOfficerGrp/PhoneNum06789748122
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PRECIOUS JEWELS LEARNING ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0PREC
ReturnHeader/Filer/EIN0320400978
ReturnHeader/Filer/USAddress/AddressLine1Txt01284 JOSEPH E BOONE BLVD
ReturnHeader/Filer/USAddress/CityNm0ATLANTA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030314
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DBD1E9498AD9C8E5B721142C27D75FF8396CA56A
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0DBD1E9498AD9C8E5B721142C27D75FF8396CA56A
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId06781742017044jz5fdzz
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02017-02-13
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.204.18.64
ReturnHeader/FilingSecurityInformation/IPDt02017-02-13
ReturnHeader/FilingSecurityInformation/IPTm012:22:40
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273963693
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ACCOUNTING & TAX ADVISORY GROUP PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0555 N POINT CTR E STE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALPHARETTA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030022
ReturnHeader/PreparerPersonGrp/PhoneNum07705586338
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RIOLENE IBOK
ReturnHeader/ReturnTs02017-02-13T12:20:50-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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