Civic Intelligence

Home Park Learning Center Inc

990 • Fiscal year 2020 • EIN 58-2644893

Jul 01, 2019 to Jun 30, 2020 • Filed on Dec 14, 2020

225 North Avenue Lyman HallAtlanta, GA 30332-0257

(404) 385-8337

Siviq Scores

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

Liabilities / Assets

40th percentile

0.05x

Higher debt load relative to assets than 40% of similar nonprofits.

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

Liabilities / Revenue

69th percentile

0.31x

Higher debt load relative to revenue than 69% of similar nonprofits.

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

Net Margin

14th percentile

-24%

Higher net margin than 14% of similar nonprofits.

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

Top Officer Pay

94th percentile

$272,161

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 134.9% of source-year revenue.

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

Asset Growth

28th percentile

-1.1%

Faster asset growth than 28% of similar nonprofits.

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

Revenue Growth

25th percentile

-17%

Faster revenue growth than 25% of similar nonprofits.

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

Assets

Down

$1,299,481

Down $13,860 (-1.1%) from 2019

Net Assets

Down

$1,236,282

Down $49,409 (-3.8%) from 2019

Liabilities

Up

$63,199

Up $35,549 (+129%) from 2019

Revenue

Down

$201,799

Down $41,771 (-17%) from 2019

Expenses

Up

$251,208

Up $83,703 (+50%) from 2019

Net Income

Down

-$49,409

Down $125,474 (-165%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $1,273,884Liabilities 2011: $9,791Net Assets 2011: $1,264,0932011Assets 2012: $1,209,684Liabilities 2012: $1,838Net Assets 2012: $1,207,8462012Assets 2013: $1,272,190Liabilities 2013: $7,537Net Assets 2013: $1,264,6532013Assets 2014: $1,283,957Liabilities 2014: $4,995Net Assets 2014: $1,278,9622014Assets 2015: $1,145,867Liabilities 2015: $11,063Net Assets 2015: $1,134,8042015Assets 2016: $1,118,663Liabilities 2016: $59,258Net Assets 2016: $1,059,4052016Assets 2017: $1,153,998Liabilities 2017: $21,485Net Assets 2017: $1,132,5132017Assets 2018: $1,223,375Liabilities 2018: $13,749Net Assets 2018: $1,209,6262018Assets 2019: $1,313,341Liabilities 2019: $27,650Net Assets 2019: $1,285,6912019Assets 2020: $1,299,481Liabilities 2020: $63,199Net Assets 2020: $1,236,2822020Assets 2021: $1,213,458Liabilities 2021: $29,808Net Assets 2021: $1,183,6502021Assets 2022: $1,323,769Liabilities 2022: $75,590Net Assets 2022: $1,248,1792022Assets 2023: $1,296,245Liabilities 2023: $18,612Net Assets 2023: $1,277,6332023Assets 2024: $48,884Liabilities 2024: $13,966Net Assets 2024: $34,9182024

Highlighted filing

2020

Assets$1,299,481
Liabilities$63,199
Net Assets$1,236,282

Operations Trend

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

$1.0M$500K$0-$500K-$1.0MExpenses 2011: $115,3332011Revenue 2012: $120,991Expenses 2012: $177,238Net Income 2012: -$56,2472012Revenue 2013: $250,623Expenses 2013: $193,816Net Income 2013: $56,8072013Revenue 2014: $214,012Expenses 2014: $199,703Net Income 2014: $14,3092014Revenue 2015: $377,880Expenses 2015: $522,038Net Income 2015: -$144,1582015Revenue 2016: $158,625Expenses 2016: $234,024Net Income 2016: -$75,3992016Revenue 2017: $234,761Expenses 2017: $161,653Net Income 2017: $73,1082017Revenue 2018: $204,397Expenses 2018: $127,284Net Income 2018: $77,1132018Revenue 2019: $243,570Expenses 2019: $167,505Net Income 2019: $76,0652019Revenue 2020: $201,799Expenses 2020: $251,208Net Income 2020: -$49,4092020Revenue 2021: $404,322Expenses 2021: $456,954Net Income 2021: -$52,6322021Revenue 2022: $304,052Expenses 2022: $239,523Net Income 2022: $64,5292022Revenue 2023: $258,804Expenses 2023: $229,350Net Income 2023: $29,4542023Revenue 2024: $19,480Expenses 2024: $661,807Net Income 2024: -$642,3272024

Highlighted filing

2020

Revenue$201,799
Expenses$251,208
Net Income-$49,409
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Dec 14, 2020
Return Version
2019v5.0
Gross Receipts
$201,799
Mission and Program Overview

Mission

Provide child care services to staff, faculty, and students of georgia tech, and to residents of the home park community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$774,156$761,191▼ $12,965
Savings and Temporary Cash Investments$426,418$476,389▲ $49,971
Accounts Receivable$20,584--
Prepaid Expenses and Deferred Charges$34,183$8,734▼ $25,449
Total Assets$1,313,341$1,299,481▼ $13,860
Other Assets Total$58,000$53,167▼ $4,833
Liabilities
Accounts Payable and Accrued Expenses$27,650$63,199▲ $35,549
Total Liabilities$27,650$63,199▲ $35,549
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,227,691$1,183,115▼ $44,576
Net Assets With Donor Restrictions$58,000$53,167▼ $4,833
Total Net Assets Fund Balance$1,285,691$1,236,282▼ $49,409
Total Liabilities and Net Assets / Fund Balance$1,313,341$1,299,481▼ $13,860

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$678,366$938,929$1,617,295
Equipment$82,825$9,001$91,826
Compensation and Service Providers

Employees

NameTitleOtherTotal
Kasey HeltonDirector/ Ch$201,566$201,566
Robert JunkoAssistant Tr$153,094$153,094
Tanesha StewardSecretary$127,298$127,298
Kelly MacarthurAssistant Tr$112,432$112,432
Kira FreemanVice Preside$101,088$101,088

Board Members and Trustees

NameTitle
Kasey HeltonDirector/ Chair
Carolina AmeroPresident
Christopher BurkeDirector
Janet KinardDirector
Julieanne WilliamsonDirector
Kimberly KurtisDirector
Paul FortsonDirector
Cortrella GreerAssistant Se
Robert JunkoAssistant Treasurer
Aisha Oliver-staleySecretary
Amy HerronTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$200,898
Program Service Revenue
$0
Investment Income
$901
Other Revenue
$0
All Other Contributions
$91,989
Change in Net Assets
$-49,409

Audited Revenue Reconciliation

Revenue per Audited Statements
$201,799
Revenue Not Reported on Form 990
$11,984
Total Revenue per Audited Statements
$213,783
Total Revenue per Form 990
$201,799
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$251,208
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$60,703--$60,703
Other Expenses$10,346$1,494-$11,840
Fees for Services Accounting-$5,200-$5,200
All Other Expenses$4,664$178-$4,842
Occupancy$4,833--$4,833
Total Functional Expenses$244,336$6,872$0$251,208

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$263,192
Expenses per Audited Statements$251,208
Total Expenses per Form 990$251,208
Expenses Not Reported on Form 990$11,984
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
Audit committee
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, Page 6, Part VI, Line 7A

The board consists of five members: three are appointed by the president of the georgia institute of technology (the institute); two are appointed by the home park community improvement association.

Form 990, Page 6, Part VI, Line 11B

The secretary of home park learning center, inc. Emails a draft of the form 990 to the full board of directors for their review prior to filing with the irs. If the review results in any changes, the revised form 990 is distributed to the board prior to filing.

Form 990, Page 6, Part VI, Line 12C

Conflict of interest policy applies to each member of the board of directors and to all officers of the organization. The policy also serves as guidance for all persons employed by the georgia institute of technology who have significant responsibilities for the activities of the organization. The policy requires each director and officer annually to (1)review the policy (2)disclose any possible personal, familial or business relationships that reasonably could give rise to a conflict of interest involving the organization and (3)acknowledge by his or her signature that they are in accordance with the letter and spirit of the policy. Disclosure forms are distributed and collected by the executive director of the organization who provides any positive responses to the board of directors in executive session as appropriate. Directors and officers are requested to disclose substantive relationships they or members of their family maintain with organizations that do business with the organization or which otherwise could be construed to potentially affect their independent, unbiased judgment in light of their decision- making authority or responsibility. Directors or officers who have declared or have been found to have a conflict of interest refrain from consideration of proposed transactions unless for special reasons the board requests information or interpretation. Persons with the conflicts do not vote, participate in the discussion or attend the meeting during vote. Any proposed transaction in which a conflict of interest has been declared or found to exist must be approved by a majority of the disinterested members of the board or the appropriate committee of the board after disclosure of the conflict of interest.

Form 990, Page 6, Part VI, Line 19

Hplc's articles of incorporation and bylaws are on the hplc website (www.hplc.gatech.edu). Hplc's audited financial statements are available on the legal affairs & risk management page of the georgia institute of technology's website.

Filing and Contact Details

Filer

Filer Name
Home Park Learning Center Inc
EIN
58-2644893
Phone
4043858337
Address
225 NORTH AVENUE LYMAN HALL, ATLANTA, GA 30332-0257

Signing Officer

Name
Amy Herron
Title
Treasurer
Signed
2020-12-14

Organization Details

Principal Officer
Amy Herron
Formed
2000
Legal Domicile
Ga
Voting Board Members
4
Independent Board Members
0
Employees
0

Preparer

Firm
Tomkiewicz Wright LLC
Address
6111 PEACHTREE DUNWOODY RD BLG E ST, ATLANTA, GA 30328-4522
Preparer
John Nelson
Phone
7703510411
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is a not-for-profit corporation and is exempt from income taxes under section 501(c)(3) of the internal revenue code. Accordingly, no income taxes are reflected in the accompanying financial statements. Asc 740, income taxes, is applicable to not-for-profit entities in that certain matters, such as the organization's tax-exempt status, are considered tax positions taken in its annual informational tax return and thus must be assessed for potential unrecognized tax benefits. Under asc 740, the organization assesses the likelihood, based on their technical merit, that such tax positions taken in its informational tax return will be sustained by taxing authorities upon examination of the facts, circumstances and information available at the end of each financial statement period. Unrecognized tax benefits are measured and recorded as a liability where the organization has determined it to be probable a tax position would not be sustained and the amount of the unrecognized tax benefit, including associated penalties and interest, can be reasonably estimated. The amount recognized is subject to estimate and management judgment with respect to the likely outcome of each uncertain tax position. The amount that is ultimately sustained for an individual uncertain tax position, or for all uncertain tax positions in the aggregate, could differ from the amount recognized. Management has determined that there is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken, or expected to be taken, on its informational tax returns as of june 30, 2020. No informational tax returns are currently under examination.

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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0GEORGIA INSTITUTE OF TECHNOLOGY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1HOME PARK COMMUNITY IMPROVEMENT ASSOCIATION INC
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A NOT-FOR-PROFIT CORPORATION AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO INCOME TAXES ARE REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. ASC 740, INCOME TAXES, IS APPLICABLE TO NOT-FOR-PROFIT ENTITIES IN THAT CERTAIN MATTERS, SUCH AS THE ORGANIZATION'S TAX-EXEMPT STATUS, ARE CONSIDERED TAX POSITIONS TAKEN IN ITS ANNUAL INFORMATIONAL TAX RETURN AND THUS MUST BE ASSESSED FOR POTENTIAL UNRECOGNIZED TAX BENEFITS. UNDER ASC 740, THE ORGANIZATION ASSESSES THE LIKELIHOOD, BASED ON THEIR TECHNICAL MERIT, THAT SUCH TAX POSITIONS TAKEN IN ITS INFORMATIONAL TAX RETURN WILL BE SUSTAINED BY TAXING AUTHORITIES UPON EXAMINATION OF THE FACTS, CIRCUMSTANCES AND INFORMATION AVAILABLE AT THE END OF EACH FINANCIAL STATEMENT PERIOD. UNRECOGNIZED TAX BENEFITS ARE MEASURED AND RECORDED AS A LIABILITY WHERE THE ORGANIZATION HAS DETERMINED IT TO BE PROBABLE A TAX POSITION WOULD NOT BE SUSTAINED AND THE AMOUNT OF THE UNRECOGNIZED TAX BENEFIT, INCLUDING ASSOCIATED PENALTIES AND INTEREST, CAN BE REASONABLY ESTIMATED. THE AMOUNT RECOGNIZED IS SUBJECT TO ESTIMATE AND MANAGEMENT JUDGMENT WITH RESPECT TO THE LIKELY OUTCOME OF EACH UNCERTAIN TAX POSITION. THE AMOUNT THAT IS ULTIMATELY SUSTAINED FOR AN INDIVIDUAL UNCERTAIN TAX POSITION, OR FOR ALL UNCERTAIN TAX POSITIONS IN THE AGGREGATE, COULD DIFFER FROM THE AMOUNT RECOGNIZED. MANAGEMENT HAS DETERMINED THAT THERE IS NO TAX LIABILITY RESULTING FROM UNRECOGNIZED TAX BENEFITS RELATING TO UNCERTAIN INCOME TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, ON ITS INFORMATIONAL TAX RETURNS AS OF JUNE 30, 2020. NO INFORMATIONAL TAX RETURNS ARE CURRENTLY UNDER EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalRevenuePerForm990Amt0201799
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IRS990ScheduleJ/EquityBasedCompArrngmInd0false
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0AISHA OLIVER-STALEY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1KIMBERLY KURTIS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2JULIEANNE WILLIAMSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3AMY HERRON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4KASEY HELTON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5CAROLINA AMERO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm6CHRISTOPHER BURKE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm7ROBERT JUNKO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4DIRECTOR/ CHAIR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt5PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt6DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD CONSISTS OF FIVE MEMBERS: THREE ARE APPOINTED BY THE PRESIDENT OF THE GEORGIA INSTITUTE OF TECHNOLOGY (THE INSTITUTE); TWO ARE APPOINTED BY THE HOME PARK COMMUNITY IMPROVEMENT ASSOCIATION.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Summary only. Only limited summary data is available for this year.$0.05$0.01$0.03$0.02$0.66$0.64
2023Summary only. Only limited summary data is available for this year.$1.30$0.02$1.28$0.26$0.23$0.03
2022Summary only. Only limited summary data is available for this year.$1.32$0.08$1.25$0.30$0.24$0.06
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.03$1.18$0.40$0.46$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.30$0.06$1.24$0.20$0.25$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.31$0.03$1.29$0.24$0.17$0.08
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$0.01$1.21$0.20$0.13$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.15$0.02$1.13$0.23$0.16$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.12$0.06$1.06$0.16$0.23$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.15$0.01$1.13$0.38$0.52$0.14
2014Detailed filing. Detailed filing data is available for this year.$1.28$0.00$1.28$0.21$0.20$0.01
2013Summary only. Only limited summary data is available for this year.$1.27$0.01$1.26$0.25$0.19$0.06
2012Summary only. Only limited summary data is available for this year.$1.21$0.00$1.21$0.12$0.18$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.01$1.26$0.12
Peer Organizations

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