Civic Intelligence

Deerstream Learning Center Inc.

990 • Fiscal year 2024 • EIN 56-2094800

Jun 01, 2023 to May 31, 2024 • Filed on Sep 10, 2024

Organization Profilewww.deerstream.org
PO Box 3203Chapel Hill, NC 27515-3203

(919) 672-4954

Siviq Scores

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

Liabilities / Assets

88th percentile

0.47x

Higher debt load relative to assets than 88% of similar nonprofits.

2024 filings • NTEE B • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

0.57x

Higher debt load relative to revenue than 93% of similar nonprofits.

2024 filings • NTEE B • $500k-$1M nonprofits • Source year 2024

Net Margin

59th percentile

12%

Higher net margin than 59% of similar nonprofits.

2024 filings • NTEE B • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

71st percentile

$49,520

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 10.4% of source-year revenue.

2024 filings • NTEE B • $500k-$1M nonprofits • Source year 2024

Asset Growth

80th percentile

34%

Faster asset growth than 80% of similar nonprofits.

2024 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

63rd percentile

22%

Faster revenue growth than 63% of similar nonprofits.

2024 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$578,595

Up $148,262 (+34%) from 2023

Net Assets

Up

$308,018

Up $83,671 (+37%) from 2023

Liabilities

Up

$270,577

Up $64,591 (+31%) from 2023

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin59th percentile

Revenue

Up

$476,674

Up $86,417 (+22%) from 2023

Expenses

Up

$418,261

Up $79,173 (+23%) from 2023

Net Income

Up

$58,413

Up $7,244 (+14%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth80th percentile

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

$800K$600K$400K$200K$0Assets 2011: $125,921Liabilities 2011: $2,617Net Assets 2011: $123,3042011Assets 2012: $131,684Liabilities 2012: $2,953Net Assets 2012: $128,7312012Assets 2013: $179,005Liabilities 2013: $2,831Net Assets 2013: $176,1742013Assets 2014: $168,789Liabilities 2014: $3,411Net Assets 2014: $165,3782014Assets 2015: $161,297Liabilities 2015: $2,469Net Assets 2015: $158,8282015Assets 2016: $183,993Liabilities 2016: $2,083Net Assets 2016: $181,9102016Assets 2017: $193,795Liabilities 2017: $2,171Net Assets 2017: $191,6242017Assets 2018: $195,127Liabilities 2018: $2,027Net Assets 2018: $193,1002018Assets 2019: $226,689Liabilities 2019: $69,671Net Assets 2019: $157,0182019Assets 2020: $276,037Liabilities 2020: $96,593Net Assets 2020: $179,4442020Assets 2021: $241,326Liabilities 2021: $84,232Net Assets 2021: $157,0942021Assets 2022: $451,686Liabilities 2022: $280,213Net Assets 2022: $171,4732022Assets 2023: $430,333Liabilities 2023: $205,986Net Assets 2023: $224,3472023Assets 2024: $578,595Liabilities 2024: $270,577Net Assets 2024: $308,0182024Assets 2025: $636,360Liabilities 2025: $249,970Net Assets 2025: $386,3902025

Highlighted filing

2024

Assets$578,595
Liabilities$270,577
Net Assets$308,018
Open 2024 Filing

Operations Trend

Revenue Growth63rd percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $164,066Expenses 2011: $144,971Net Income 2011: $19,0952011Revenue 2012: $149,172Expenses 2012: $143,745Net Income 2012: $5,4272012Expenses 2013: $139,7932013Revenue 2014: $161,874Expenses 2014: $172,671Net Income 2014: -$10,7972014Revenue 2015: $142,657Expenses 2015: $149,207Net Income 2015: -$6,5502015Revenue 2016: $154,433Expenses 2016: $131,351Net Income 2016: $23,0822016Revenue 2017: $157,076Expenses 2017: $147,362Net Income 2017: $9,7142017Revenue 2018: $143,252Expenses 2018: $141,776Net Income 2018: $1,4762018Revenue 2019: $155,608Expenses 2019: $145,364Net Income 2019: $10,2442019Revenue 2020: $199,077Expenses 2020: $178,766Net Income 2020: $20,3112020Revenue 2021: $84,248Expenses 2021: $107,321Net Income 2021: -$23,0732021Revenue 2022: $185,231Expenses 2022: $168,791Net Income 2022: $16,4402022Revenue 2023: $390,257Expenses 2023: $339,088Net Income 2023: $51,1692023Revenue 2024: $476,674Expenses 2024: $418,261Net Income 2024: $58,4132024Revenue 2025: $546,225Expenses 2025: $481,321Net Income 2025: $64,9042025

Highlighted filing

2024

Revenue$476,674
Expenses$418,261
Net Income$58,413
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2023 to May 31, 2024
Signed
Sep 10, 2024
Return Version
2023v5.1
Gross Receipts
$476,674
Mission and Program Overview

Mission

To provide a classroom experience for home schoolers

To provide supplemental educational services for families in the Research Triangle area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$429,473$440,652▲ $11,179
Savings and Temporary Cash Investments-$101,528-
Accounts Receivable$860$-1,470▼ $2,330
Total Assets$430,333$578,595▲ $148,262
Other Assets Total-$37,885-
Liabilities
Deferred Revenue$186,885$270,577▲ $83,692
Accounts Payable and Accrued Expenses$19,101--
Total Liabilities$205,986$270,577▲ $64,591
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$224,347$293,644▲ $69,297
Net Assets With Donor Restrictions-$14,374-
Total Net Assets Fund Balance$224,347$308,018▲ $83,671
Total Liabilities and Net Assets / Fund Balance$430,333$578,595▲ $148,262

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$37,885--
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kelly KirkExec DirectorPT$49,520$49,520

Board Members and Trustees

NameTitle
Moriah TuchmanChair
Claire AtkinsBoard Member
Erin CrookBoard Member
Jordan SmithBoard Member
Julie EstherBoard Member
Kelly RockeBoard Member
Mike SchneiderBoard Member
Rachel MeitlBoard Member
Trista SwingSecretary of the Board
Thomas PhillipsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$333
Program Service Revenue
$466,655
Investment Income
$9,686
Other Revenue
$0
All Other Contributions
$333
Change in Net Assets
$58,413
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$312,038
Other Expenses$106,223
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$262,866$26,955-$289,821
Fees for Services Other$27,142--$27,142
Occupancy$26,120--$26,120
Payroll Taxes$20,211$2,006-$22,217
Insurance$8,442--$8,442
Information Technology$5,125--$5,125
Office Expenses$2,265$2,014-$4,279
Other Expenses$3,533--$3,533
Fees for Services Accounting-$500-$500
Total Functional Expenses$386,786$31,475$0$418,261
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
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
Yes
Other officer compensation reviewed
Yes
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

“The 990 is prepared by an outside accountant, then submitted to the full Board for their review and approval prior to e-filing.”

Conflict of interest policy compliance Part VI line 12C

“Employees and board members are made to sign our conflict of interest policy annually.”

CEO executive director top management comp Part VI line 15A

“Compensation for the Executive Director and Business Manager was determined after a thorough online analysis was completed by our boards Finance Committee on current salaries for comparable positions in both the local and statewide areas. This analysis was discussed in depth by the board and from this deliberation, compensation was established for both positions.”

Other officer or key employee compensation Part VI line 15B

“The Board reviews comparable salaries in the region each year in setting the teacher and administrative employees salaries.”

Governing documents etc available to public Part VI line 19

“A copy of the governing documents is available to anyone requesting them by simply contacting the executive director.”

Filing and Contact Details

Filer

Filer Name
Deerstream Learning Center Inc
EIN
56-2094800
Address
PO BOX 3203, Chapel Hill, NC 27515-3203

Signing Officer

Name
Kelly Kirk
Title
Exec Director
Phone
9196724954
Signed
2024-09-10
Discuss with paid preparer
Yes

Organization Details

Formed
1998
Legal Domicile
Nc
Voting Board Members
10
Independent Board Members
10
Employees
33

Preparer

Firm
Hamilton Financial
Address
3710 University Dr Ste 330, Durham, NC 27707
Preparer
J Gary Hamilton
Phone
9194891011
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Unrealized appreciation for investments”

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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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IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is prepared by an outside accountant, then submitted to the full Board for their review and approval prior to e-filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Employees and board members are made to sign our conflict of interest policy annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation for the Executive Director and Business Manager was determined after a thorough online analysis was completed by our boards Finance Committee on current salaries for comparable positions in both the local and statewide areas. This analysis was discussed in depth by the board and from this deliberation, compensation was established for both positions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board reviews comparable salaries in the region each year in setting the teacher and administrative employees salaries.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A copy of the governing documents is available to anyone requesting them by simply contacting the executive director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Unrealized appreciation for investments
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Explanation of other changes in net assets or fund balances Part XI line 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0430333
IRS990/TotalAssetsEOYAmt0578595
IRS990/TotalAssetsGrp/BOYAmt0430333
IRS990/TotalAssetsGrp/EOYAmt0578595
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0333
IRS990/TotalEmployeeCnt033
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt031475
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0386786
IRS990/TotalFunctionalExpensesGrp/TotalAmt0418261
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0205986
IRS990/TotalLiabilitiesEOYAmt0270577
IRS990/TotalLiabilitiesGrp/BOYAmt0205986
IRS990/TotalLiabilitiesGrp/EOYAmt0270577
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0224347
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0308018
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0386786
IRS990/TotalProgramServiceRevenueAmt0466655
IRS990/TotalReportableCompFromOrgAmt049520
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0476341
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0476674
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0430333
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0578595
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0www.deerstream.org
IRS990/WhistleblowerPolicyInd0true
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Kelly Kirk
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXEC DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09196724954
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DEERSTREAM LEARNING CENTER INC
ReturnHeader/Filer/BusinessNameControlTxt0DEER
ReturnHeader/Filer/EIN0562094800
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 3203
ReturnHeader/Filer/USAddress/CityNm0Chapel Hill
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd0275153203
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Hamilton Financial
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03710 University Dr Ste 330
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Durham
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027707
ReturnHeader/PreparerPersonGrp/PhoneNum09194891011
ReturnHeader/PreparerPersonGrp/PreparationDt02024-10-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0J Gary Hamilton
ReturnHeader/ReturnTs02024-10-07T09:30:54-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-06-01
ReturnHeader/TaxPeriodEndDt02024-05-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$578,595
Liabilities
$270,577
Net assets
$308,018
Revenue
$476,674
Expenses
$418,261
Net income
$58,413
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.36$2.50$3.86$5.46$4.81$0.65
2024Detailed filing. Detailed filing data is available for this year.$5.79$2.71$3.08$4.77$4.18$0.58
2023Detailed filing. Detailed filing data is available for this year.$4.30$2.06$2.24$3.90$3.39$0.51
2022Detailed filing. Detailed filing data is available for this year.$4.52$2.80$1.71$1.85$1.69$0.16
2021Detailed filing. Detailed filing data is available for this year.$2.41$0.84$1.57$0.84$1.07$0.23
2020Detailed filing. Detailed filing data is available for this year.$2.76$0.97$1.79$1.99$1.79$0.20
2019Detailed filing. Detailed filing data is available for this year.$2.27$0.70$1.57$1.56$1.45$0.10
2018Detailed filing. Detailed filing data is available for this year.$1.95$0.02$1.93$1.43$1.42$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.94$0.02$1.92$1.57$1.47$0.10
2016Detailed filing. Detailed filing data is available for this year.$1.84$0.02$1.82$1.54$1.31$0.23
2015Detailed filing. Detailed filing data is available for this year.$1.61$0.02$1.59$1.43$1.49$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.69$0.03$1.65$1.62$1.73$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$0.03$1.76$1.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.32$0.03$1.29$1.49$1.44$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$0.03$1.23$1.64$1.45$0.19