Civic Intelligence

Academy Child Development Center Inc.

990 • Fiscal year 2019 • EIN 52-1228660

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 18, 2020

Organization ProfileWWW.ACADEMYCHILD.COM
10109 Darnestown RoadRockville, MD 20850

(301) 424-6282

Siviq Scores

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

Liabilities / Assets

68th percentile

0.24x

Higher debt load relative to assets than 68% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

64th percentile

0.18x

Higher debt load relative to revenue than 64% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

50th percentile

3.3%

Higher net margin than 50% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

73rd percentile

$112,501

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

61st percentile

7.3%

Faster asset growth than 61% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

44th percentile

1.7%

Faster revenue growth than 44% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$2,985,078

Up $202,694 (+7.3%) from 2018

Net Assets

Up

$2,255,729

Up $270,822 (+14%) from 2018

Liabilities

Down

$729,349

Down $68,128 (-8.5%) from 2018

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin50th percentile

Revenue

Up

$3,962,026

Up $64,499 (+1.7%) from 2018

Expenses

Down

$3,832,973

Down $168,172 (-4.2%) from 2018

Net Income

Up

$129,053

Up $232,671 (+225%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,509,785Liabilities 2011: $904,930Net Assets 2011: $1,604,8552011Assets 2012: $2,477,260Liabilities 2012: $1,072,388Net Assets 2012: $1,404,8722012Assets 2013: $2,583,183Liabilities 2013: $955,984Net Assets 2013: $1,627,1992013Assets 2014: $3,025,032Liabilities 2014: $1,253,258Net Assets 2014: $1,771,7742014Assets 2015: $2,724,805Liabilities 2015: $1,224,499Net Assets 2015: $1,500,3062015Assets 2016: $2,801,575Liabilities 2016: $1,050,103Net Assets 2016: $1,751,4722016Assets 2017: $3,023,381Liabilities 2017: $840,747Net Assets 2017: $2,182,6342017Assets 2018: $2,782,384Liabilities 2018: $797,477Net Assets 2018: $1,984,9072018Assets 2019: $2,985,078Liabilities 2019: $729,349Net Assets 2019: $2,255,7292019Assets 2020: $3,681,624Liabilities 2020: $1,080,640Net Assets 2020: $2,600,9842020Assets 2021: $3,795,656Liabilities 2021: $1,026,115Net Assets 2021: $2,769,5412021Assets 2022: $3,165,630Liabilities 2022: $502,870Net Assets 2022: $2,662,7602022Assets 2023: $2,945,722Liabilities 2023: $435,295Net Assets 2023: $2,510,4272023Assets 2024: $2,976,474Liabilities 2024: $365,904Net Assets 2024: $2,610,5702024

Highlighted filing

2019

Assets$2,985,078
Liabilities$729,349
Net Assets$2,255,729
Open 2019 Filing

Operations Trend

Revenue Growth44th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $3,488,234Expenses 2011: $3,768,972Net Income 2011: -$280,7382011Revenue 2012: $3,718,133Expenses 2012: $3,918,116Net Income 2012: -$199,9832012Revenue 2013: $4,015,793Expenses 2013: $3,793,466Net Income 2013: $222,3272013Revenue 2014: $3,793,162Expenses 2014: $3,648,587Net Income 2014: $144,5752014Revenue 2015: $3,704,549Expenses 2015: $3,976,017Net Income 2015: -$271,4682015Revenue 2016: $4,421,347Expenses 2016: $4,170,181Net Income 2016: $251,1662016Revenue 2017: $4,329,001Expenses 2017: $4,179,206Net Income 2017: $149,7952017Revenue 2018: $3,897,527Expenses 2018: $4,001,145Net Income 2018: -$103,6182018Revenue 2019: $3,962,026Expenses 2019: $3,832,973Net Income 2019: $129,0532019Revenue 2020: $2,712,181Expenses 2020: $2,518,402Net Income 2020: $193,7792020Revenue 2021: $2,092,286Expenses 2021: $1,888,003Net Income 2021: $204,2832021Revenue 2022: $2,883,578Expenses 2022: $2,575,052Net Income 2022: $308,5262022Revenue 2023: $2,051,352Expenses 2023: $2,426,104Net Income 2023: -$374,7522023Revenue 2024: $2,372,983Expenses 2024: $2,369,666Net Income 2024: $3,3172024

Highlighted filing

2019

Revenue$3,962,026
Expenses$3,832,973
Net Income$129,053
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 18, 2020
Return Version
2019v5.1
Gross Receipts
$4,828,570
Mission and Program Overview

Mission

Academy offers the "Building Blocks for Life" philosophy - the foundation from which all learning takes place for the future. Children grow in a nurturing environment that promotes safety and security. When children are guided to live and play together in an atmosphere of mutual respect and support, they develop positive character values. By encouraging creativity, exploration, and discovery children acquire a love of learning and a sense of self. Academy is dedicated to the world's future - its children.

Academy strives to remain an innovator in the field of educational child care and preschool-primary school programming. We are highly recognized as providing the highest quality level of licensed and monitored child care and education for children ages 2 months through school-age and for the various cultures and economic backgrounds of the families in montgomery county. Our mission and purposes are: to offer developmentally appropriate early childhood/school age programs; to provide safe, healthy and reliable child care options for working parents; to maintain a dedicated, professional staff through competitive salaries, benefits and ongoing professional development training; to develop and maintain partnerships with parents, staff, community, local, state and national organizations; to achieve and maintain the highest levels of excels ratings in the state.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,270,252$1,613,429▲ $343,177
Land, Buildings, and Equipment, Net$1,043,634$1,000,273▼ $43,361
Cash and Non-Interest-Bearing Accounts$445,280$298,280▼ $147,000
Savings and Temporary Cash Investments$5,218$55,596▲ $50,378
Total Assets$2,782,384$2,985,078▲ $202,694
Other Assets Total$18,000$17,500▼ $500
Liabilities
Mortgage Notes Payable Secured by Investment Property$678,272$617,741▼ $60,531
Other Liabilities$119,205$111,608▼ $7,597
Total Liabilities$797,477$729,349▼ $68,128
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,984,907$2,255,729▲ $270,822
Total Net Assets Fund Balance$1,984,907$2,255,729▲ $270,822
Total Liabilities and Net Assets / Fund Balance$2,782,384$2,985,078▲ $202,694

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$998,023$539,144$1,537,167
Equipment$2,250$156,390$158,640
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lesley Walsh-everhartPresidentFT$106,048$6,453$112,501
Bruce KahanVice PresidentFT$64,480-$64,480
Debora SullivanSecretaryFT$53,036$6,964$60,000
Marilyn FleetwoodDirector-$19,999-$19,999

Board Members and Trustees

NameTitle
Aileen WalshDirector
Jody BurghardtDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$360,665
Program Service Revenue
$3,459,535
Investment Income
$141,826
Other Revenue
$0
All Other Contributions
$3,390
Change in Net Assets
$129,053
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,650,186
Other Expenses$1,006,832
Grants and Similar Amounts Paid$175,955
Total Fundraising Expense$3,568
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,918,089$230,295-$2,148,384
Occupancy$253,477$30,434-$283,911
Current Officers, Directors, Trustees, and Key Employees$128,490$128,490-$256,980
Payroll Taxes$167,133$20,067-$187,200
Grants to Domestic Individuals$175,955--$175,955
Fees for Services Other$70,810$43,417-$114,227
Insurance$29,377$23,019-$52,396
Other Employee Benefits$46,176$5,544-$51,720
Depreciation Depletion$41,485$4,981-$46,466
Office Expenses$30,999$3,722-$34,721
Interest$29,424$3,532-$32,956
All Other Expenses$16,984$9,198$3,568$29,750
Other Expenses$23,667$6,045-$23,667
Information Technology$17,904$2,150-$20,054
Advertising-$18,935-$18,935
Conferences and Meetings$14,859--$14,859
Fees for Service Investment Mgmnt Fees-$12,420-$12,420
Pension Plan Contributions$5,269$633-$5,902
Fees for Services Legal-$4,826-$4,826
Fees for Services Accounting-$4,000-$4,000
Travel$3,222$107-$3,329
Total Functional Expenses$3,265,258$564,147$3,568$3,832,973
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Marilyn FleetwoodDirectorRentNo$192,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits$95,640
Credit Card Payable$14,410
Payroll Liabilities$1,558
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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, Part VI, Section A, Line 2

“Aileen walsh is the mother of lesley walsh-everhart.”

Form 990, Part VI, Section B, Line 11B

“A draft of form 990 is provided to the board of directors at least one week prior to its filing.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy is monitored on a constant basis. If a conflict arises, it is typically handled by having the board member recuse themself from the discussion and vote.”

Form 990, Part VI, Section C, Line 19

“By appointment at offices located at 10109 darnestown road, rockville, md.”

Filing and Contact Details

Filer

Filer Name
Academy Child Development Center Inc
EIN
52-1228660
Phone
3014246282
Address
10109 DARNESTOWN ROAD, ROCKVILLE, MD 20850

Signing Officer

Name
Lesley Walsh-everhart
Title
President
Phone
3014246282
Signed
2020-09-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lesley Walsh-everhart
Formed
1981
Legal Domicile
Md
Voting Board Members
6
Independent Board Members
1
Employees
95
Volunteers
2

Preparer

Firm
Hertzbach & Company Pa
Address
800 RED BROOK BLVD SUITE 300, OWINGS MILLS, MD 21117
Preparer
Anthony F Allen CPA
Phone
4103633200
Raw XML AppendixShowing 400 of 431 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0ACADEMY STRIVES TO REMAIN AN INNOVATOR IN THE FIELD OF EDUCATIONAL CHILD CARE AND PRESCHOOL-PRIMARY SCHOOL PROGRAMMING. WE ARE HIGHLY RECOGNIZED AS PROVIDING THE HIGHEST QUALITY LEVEL OF LICENSED AND MONITORED CHILD CARE AND EDUCATION FOR CHILDREN AGES 2 MONTHS THROUGH SCHOOL-AGE AND FOR THE VARIOUS CULTURES AND ECONOMIC BACKGROUNDS OF THE FAMILIES IN MONTGOMERY COUNTY. OUR MISSION AND PURPOSES ARE: TO OFFER DEVELOPMENTALLY APPROPRIATE EARLY CHILDHOOD/SCHOOL AGE PROGRAMS; TO PROVIDE SAFE, HEALTHY AND RELIABLE CHILD CARE OPTIONS FOR WORKING PARENTS; TO MAINTAIN A DEDICATED, PROFESSIONAL STAFF THROUGH COMPETITIVE SALARIES, BENEFITS AND ONGOING PROFESSIONAL DEVELOPMENT TRAINING; TO DEVELOP AND MAINTAIN PARTNERSHIPS WITH PARENTS, STAFF, COMMUNITY, LOCAL, STATE AND NATIONAL ORGANIZATIONS; TO ACHIEVE AND MAINTAIN THE HIGHEST LEVELS OF EXCELS RATINGS IN THE STATE.
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990/MissionDesc0ACADEMY OFFERS THE "BUILDING BLOCKS FOR LIFE" PHILOSOPHY - THE FOUNDATION FROM WHICH ALL LEARNING TAKES PLACE FOR THE FUTURE. CHILDREN GROW IN A NURTURING ENVIRONMENT THAT PROMOTES SAFETY AND SECURITY. WHEN CHILDREN ARE GUIDED TO LIVE AND PLAY TOGETHER IN AN ATMOSPHERE OF MUTUAL RESPECT AND SUPPORT, THEY DEVELOP POSITIVE CHARACTER VALUES. BY ENCOURAGING CREATIVITY, EXPLORATION, AND DISCOVERY CHILDREN ACQUIRE A LOVE OF LEARNING AND A SENSE OF SELF. ACADEMY IS DEDICATED TO THE WORLD'S FUTURE - ITS CHILDREN.
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IRS990/OtherAssetsTotalGrp/BOYAmt018000
IRS990/OtherAssetsTotalGrp/EOYAmt017500
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05544
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt046176
IRS990/OtherEmployeeBenefitsGrp/TotalAmt051720
IRS990/OtherExpensesGrp/Desc0SUPPLIES AND MATERIALS
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03275
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt19057
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt26045
IRS990/OtherExpensesGrp/ProgramServicesAmt0156330
IRS990/OtherExpensesGrp/ProgramServicesAmt185260
IRS990/OtherExpensesGrp/ProgramServicesAmt250348
IRS990/OtherExpensesGrp/ProgramServicesAmt323667
IRS990/OtherExpensesGrp/TotalAmt0159605
IRS990/OtherExpensesGrp/TotalAmt194317
IRS990/OtherExpensesGrp/TotalAmt256393
IRS990/OtherExpensesGrp/TotalAmt323667
IRS990/OtherLiabilitiesGrp/BOYAmt0119205
IRS990/OtherLiabilitiesGrp/EOYAmt0111608
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0230295
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01918089
IRS990/OtherSalariesAndWagesGrp/TotalAmt02148384
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt020067
IRS990/PayrollTaxesGrp/ProgramServicesAmt0167133
IRS990/PayrollTaxesGrp/TotalAmt0187200
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0633
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt05269
IRS990/PensionPlanContributionsGrp/TotalAmt05902
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0LESLEY WALSH-EVERHART
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0DAY CARE TUITION
IRS990/ProgramServiceRevenueGrp/Desc1MISC
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03406363
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt153172
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03406363
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt153172
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0350381
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0154826
IRS990/PYInvestmentIncomeAmt036414
IRS990/PYOtherExpensesAmt01007277
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03510732
IRS990/PYRevenuesLessExpensesAmt0-103618
IRS990/PYSalariesCompEmpBnftPaidAmt02839042
IRS990/PYTotalExpensesAmt04001145
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03897527
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0129053
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03459535
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05218
IRS990/SavingsAndTempCashInvstGrp/EOYAmt055596
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt02250
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0156390
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0158640
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0998023
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0539144
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01537167
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt095640
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt114410
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21558
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CREDIT CARD PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01000273
IRS990ScheduleD/TotalLiabilityAmt0111608
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PUBLISHES ITS POLICY ON THE WEB SITE; IT IS PUBLISHED IN THE STATE ACCREDITATION DOCUMENTATION THAT IS SENT IN AS PART OF THE ANNUAL RENEWALS AND FOR THE STATE EXCELS PROGRAM; IN PARENT HANDBOOKS AND STAFF POLICY BOOKS PUBLISHED ANNUALLY; AND, ANNUALLY, IN PARENT FLYERS AND BROCHURES. THE ORGANIZATION IS A LOCAL SCHOOL THAT DRAWS ITS STUDENTS FROM THE IMMEDIATE, LOCAL COMMUNITY AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION RECEIVES REIMBURSEMENT FOR TEACHER'S SALARIES, ENRICHMENT, SUPPLIES, AND OTHER ITEMS FROM MD STATE DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0175955
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TUITION SCHOLARSHIPS FOR STUDENTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt070
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE TUITION COMMITTEE OF THE ACADEMY CHILD DEVELOPMENT CENTER EVALUATES EACH STUDENT'S FINANCIAL SITUATION AND DISTRIBUTES SCHOLARSHIPS AND TUITION DISCOUNTS BASED ON THOSE NEEDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0MARILYN FLEETWOOD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0192000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0RENT
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0( A ) NAME OF PERSON: MARILYN FLEETWOOD( D ) DESCRIPTION OF TRANSACTION: RENTTHE ORGANIZATION LEASES THE FOLLOWING PROPERTY FROM RLL & C CORP, WHICH IS OWNED BY THE FLEETWOODS: 10109 DARNESTOWN ROAD, ROCKVILLE, MD
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AILEEN WALSH IS THE MOTHER OF LESLEY WALSH-EVERHART.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT OF FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS AT LEAST ONE WEEK PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS MONITORED ON A CONSTANT BASIS. IF A CONFLICT ARISES, IT IS TYPICALLY HANDLED BY HAVING THE BOARD MEMBER RECUSE THEMSELF FROM THE DISCUSSION AND VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BY APPOINTMENT AT OFFICES LOCATED AT 10109 DARNESTOWN ROAD, ROCKVILLE, MD.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02782384
IRS990/TotalAssetsEOYAmt02985078
IRS990/TotalAssetsGrp/BOYAmt02782384
IRS990/TotalAssetsGrp/EOYAmt02985078
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0360665
IRS990/TotalEmployeeCnt095
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03568
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0564147
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03265258
IRS990/TotalFunctionalExpensesGrp/TotalAmt03832973
IRS990/TotalGrossUBIAmt0106394
IRS990/TotalLiabilitiesBOYAmt0797477
IRS990/TotalLiabilitiesEOYAmt0729349
IRS990/TotalLiabilitiesGrp/BOYAmt0797477
IRS990/TotalLiabilitiesGrp/EOYAmt0729349
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01984907
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02255729
IRS990/TotalOtherCompensationAmt013417
IRS990/TotalProgramServiceExpensesAmt03265258
IRS990/TotalProgramServiceRevenueAmt03459535
IRS990/TotalReportableCompFromOrgAmt0243563
IRS990/TotalRevenueGrp/ExclusionAmt035432
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03459535
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03962026
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0106394
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02782384
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02985078
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0107
IRS990/TravelGrp/ProgramServicesAmt03222
IRS990/TravelGrp/TotalAmt03329
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010109 DARNESTOWN ROAD
IRS990/USAddress/CityNm0ROCKVILLE
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd020850
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0WWW.ACADEMYCHILD.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LESLEY WALSH-EVERHART
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,985,078
Liabilities
$729,349
Net assets
$2,255,729
Revenue
$3,962,026
Expenses
$3,832,973
Net income
$129,053
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.98$0.37$2.61$2.37$2.37$0.00
2023Detailed filing. Detailed filing data is available for this year.$2.95$0.44$2.51$2.05$2.43$0.37
2022Detailed filing. Detailed filing data is available for this year.$3.17$0.50$2.66$2.88$2.58$0.31
2021Detailed filing. Detailed filing data is available for this year.$3.80$1.03$2.77$2.09$1.89$0.20
2020Detailed filing. Detailed filing data is available for this year.$3.68$1.08$2.60$2.71$2.52$0.19
2019Detailed filing. Detailed filing data is available for this year.$2.99$0.73$2.26$3.96$3.83$0.13
2018Detailed filing. Detailed filing data is available for this year.$2.78$0.80$1.98$3.90$4.00$0.10
2017Detailed filing. Detailed filing data is available for this year.$3.02$0.84$2.18$4.33$4.18$0.15
2016Summary only. Only limited summary data is available for this year.$2.80$1.05$1.75$4.42$4.17$0.25
2015Summary only. Only limited summary data is available for this year.$2.72$1.22$1.50$3.70$3.98$0.27
2014Summary only. Only limited summary data is available for this year.$3.03$1.25$1.77$3.79$3.65$0.14
2013Summary only. Only limited summary data is available for this year.$2.58$0.96$1.63$4.02$3.79$0.22
2012Summary only. Only limited summary data is available for this year.$2.48$1.07$1.40$3.72$3.92$0.20
2011Summary only. Only limited summary data is available for this year.$2.51$0.90$1.60$3.49$3.77$0.28