Civic Intelligence

Academy Child Development Center Inc.

990 • Fiscal year 2020 • EIN 52-1228660

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 10, 2021

Organization ProfileWWW.ACADEMYCHILD.COM
9035 Shady Grove CourtGaithersburg, MD 20877

(301) 424-6282

Siviq Scores

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

Liabilities / Assets

70th percentile

0.29x

Higher debt load relative to assets than 70% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

73rd percentile

0.40x

Higher debt load relative to revenue than 73% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

54th percentile

7.1%

Higher net margin than 54% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

74th percentile

$112,962

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

75th percentile

23%

Faster asset growth than 75% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

15th percentile

-32%

Faster revenue growth than 15% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$3,681,624

Up $696,546 (+23%) from 2019

Net Assets

Up

$2,600,984

Up $345,255 (+15%) from 2019

Liabilities

Up

$1,080,640

Up $351,291 (+48%) from 2019

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin54th percentile

Revenue

Down

$2,712,181

Down $1,249,845 (-32%) from 2019

Expenses

Down

$2,518,402

Down $1,314,571 (-34%) from 2019

Net Income

Up

$193,779

Up $64,726 (+50%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth75th 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

2020

Assets$3,681,624
Liabilities$1,080,640
Net Assets$2,600,984
Open 2020 Filing

Operations Trend

Revenue Growth15th 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

2020

Revenue$2,712,181
Expenses$2,518,402
Net Income$193,779
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 10, 2021
Return Version
2020v4.1
Gross Receipts
$2,778,790
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$1,613,429$1,869,962▲ $256,533
Land, Buildings, and Equipment, Net$1,000,273$973,099▼ $27,174
Cash and Non-Interest-Bearing Accounts$298,280$469,707▲ $171,427
Savings and Temporary Cash Investments$55,596$58,387▲ $2,791
Total Assets$2,985,078$3,681,624▲ $696,546
Other Assets Total$17,500$310,469▲ $292,969
Liabilities
Mortgage Notes Payable Secured by Investment Property$617,741$574,934▼ $42,807
Other Liabilities$111,608$505,706▲ $394,098
Total Liabilities$729,349$1,080,640▲ $351,291
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,255,729$2,600,984▲ $345,255
Total Net Assets Fund Balance$2,255,729$2,600,984▲ $345,255
Total Liabilities and Net Assets / Fund Balance$2,985,078$3,681,624▲ $696,546

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$958,414$578,753$1,537,167
Equipment$14,685$149,819$164,504
Other Assets Org$292,969--
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lesley Walsh-everhartPresidentFT$100,122$12,840$112,962
Bruce KahanVice PresidentFT$61,887-$61,887
Debora SullivanSecretaryFT$52,501$7,211$59,712
Marilyn FleetwoodDirector-$19,999-$19,999

Board Members and Trustees

NameTitle
Aileen WalshDirector
Jody BurghardtDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$967,570
Program Service Revenue
$1,623,341
Investment Income
$121,270
Other Revenue
$0
All Other Contributions
$29,405
Change in Net Assets
$193,779
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,736,151
Other Expenses$661,850
Grants and Similar Amounts Paid$120,401
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,133,445$179,434-$1,312,879
Current Officers, Directors, Trustees, and Key Employees$127,280$127,280-$254,560
Occupancy$189,329$29,972-$219,301
Payroll Taxes$119,808$18,966-$138,774
Grants to Domestic Individuals$120,401--$120,401
Fees for Services Other$58,712$36,458-$95,170
Depreciation Depletion$38,985$6,172-$45,157
Interest$25,478$4,033-$29,511
Insurance$6,587$21,065-$27,652
Other Employee Benefits$17,071$2,703-$19,774
Office Expenses$16,660$2,638-$19,298
Information Technology$16,644$2,635-$19,279
Fees for Service Investment Mgmnt Fees-$13,259-$13,259
Pension Plan Contributions$8,775$1,389-$10,164
Other Expenses$4,853$6,951-$4,853
Conferences and Meetings$4,820--$4,820
Fees for Services Accounting-$4,700-$4,700
Advertising-$4,580-$4,580
All Other Expenses$267$3,837-$4,104
Travel$335--$335
Total Functional Expenses$2,042,196$476,206$0$2,518,402
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
Ppp Loan$444,000
Deposits$53,865
Credit Card Payable$6,554
Payroll Liabilities$1,287
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
9035 SHADY GROVE COURT, GAITHERSBURG, MD 20877

Signing Officer

Name
Lesley Walsh-everhart
Title
President
Phone
3014246282
Signed
2021-11-10
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
85
Volunteers
2

Preparer

Firm
Bdo USA Llp
Address
800 RED BROOK BLVD SUITE 300, OWINGS MILLS, MD 21117
Preparer
Anthony F Allen CPA
Phone
4103633200
Raw XML AppendixShowing 400 of 433 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/OtherEmployeeBenefitsGrp/ProgramServicesAmt017071
IRS990/OtherEmployeeBenefitsGrp/TotalAmt019774
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1SUPPLIES AND MATERIALS
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08657
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11477
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt26951
IRS990/OtherExpensesGrp/ProgramServicesAmt058958
IRS990/OtherExpensesGrp/ProgramServicesAmt149880
IRS990/OtherExpensesGrp/ProgramServicesAmt243908
IRS990/OtherExpensesGrp/ProgramServicesAmt34853
IRS990/OtherExpensesGrp/TotalAmt067615
IRS990/OtherExpensesGrp/TotalAmt151357
IRS990/OtherExpensesGrp/TotalAmt250859
IRS990/OtherExpensesGrp/TotalAmt34853
IRS990/OtherLiabilitiesGrp/BOYAmt0111608
IRS990/OtherLiabilitiesGrp/EOYAmt0505706
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0179434
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01133445
IRS990/OtherSalariesAndWagesGrp/TotalAmt01312879
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt018966
IRS990/PayrollTaxesGrp/ProgramServicesAmt0119808
IRS990/PayrollTaxesGrp/TotalAmt0138774
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01389
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt08775
IRS990/PensionPlanContributionsGrp/TotalAmt010164
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0LESLEY WALSH-EVERHART
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0DAY CARE TUITION
IRS990/ProgramServiceRevenueGrp/Desc1MISC
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01576683
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt146658
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01576683
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt146658
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0360665
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0175955
IRS990/PYInvestmentIncomeAmt0141826
IRS990/PYOtherExpensesAmt01006832
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03459535
IRS990/PYRevenuesLessExpensesAmt0129053
IRS990/PYSalariesCompEmpBnftPaidAmt02650186
IRS990/PYTotalExpensesAmt03832973
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03962026
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0193779
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01623341
IRS990/SavingsAndTempCashInvstGrp/BOYAmt055596
IRS990/SavingsAndTempCashInvstGrp/EOYAmt058387
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt014685
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0149819
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0164504
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0958414
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0578753
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01537167
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt017500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1292969
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSIST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ERC RECEIVABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt053865
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16554
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21287
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3444000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CREDIT CARD PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PPP LOAN
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0973099
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0310469
IRS990ScheduleD/TotalLiabilityAmt0505706
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 AND MONTGOMERY COUNTY.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0120401
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TUITION SCHOLARSHIPS FOR STUDENTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt060
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/TotalAssetsBOYAmt02985078
IRS990/TotalAssetsEOYAmt03681624
IRS990/TotalAssetsGrp/BOYAmt02985078
IRS990/TotalAssetsGrp/EOYAmt03681624
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0967570
IRS990/TotalEmployeeCnt085
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0476206
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02042196
IRS990/TotalFunctionalExpensesGrp/TotalAmt02518402
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0729349
IRS990/TotalLiabilitiesEOYAmt01080640
IRS990/TotalLiabilitiesGrp/BOYAmt0729349
IRS990/TotalLiabilitiesGrp/EOYAmt01080640
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02255729
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02600984
IRS990/TotalOtherCompensationAmt020051
IRS990/TotalProgramServiceExpensesAmt02042196
IRS990/TotalProgramServiceRevenueAmt01623341
IRS990/TotalReportableCompFromOrgAmt0234509
IRS990/TotalRevenueGrp/ExclusionAmt0121270
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01623341
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02712181
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02985078
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03681624
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0335
IRS990/TravelGrp/TotalAmt0335
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt09035 SHADY GROVE COURT
IRS990/USAddress/CityNm0GAITHERSBURG
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd020877
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0WWW.ACADEMYCHILD.COM
IRS990/WhistleblowerPolicyInd00

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,681,624
Liabilities
$1,080,640
Net assets
$2,600,984
Revenue
$2,712,181
Expenses
$2,518,402
Net income
$193,779
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