DESTINATION EDUCATION FAMILY SERVI… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

JACOLBIE HARDY

Phone

9017451600

Tax Period

2023-01-01 to 2023-12-31

DESTINATION EDUCATION FAMILY SERVICES, founded in 2020, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

to help reduce literacy in our urban area of our children learning center

Program Service Accomplishments

Program 1

Backpack Giveaway1.We actively engaged (hosted) in a community-driven backpack and school supply drive, successfully gathering essential items from residents. Through this initiative, we were able to donate over 200 backpacks filled with supplies which allowed us to provide much needed support to families in need, ensuring their children are well-prepared for the upcoming academic year.2.This activity was funded by donations from our parents, staff, and members of the community. 3. This activity helps reduce the financial strain of purchasing school materials for single mothers and fosters a sense of community support. 4.This activity was conducted at our centers.5.40 percent6.This helps further our mission by being community oriented and meeting the needs for inner city familie

Program 2

Expenses: $5,000

Mobile Food Pantry Giveaway 1.We hosted a Thanksgiving Basket giveaway which allowed our families to enjoy a basket filled with holiday essentials such as a turkey, canned goods, bread, and more . We wanted to extend our heartfelt gratitude to everyone in the community as well as our enrolled families. This activity made a significant difference in the lives of many families during the holiday season. 2.This activity was funded by the childcare center and donations collected from the community. 3. This activity helps the community provide essential nutrition to individuals and families who may not be able to purchase food during the holiday season. 4.30 percent5.Located at the center sites.

Program 3

Expenses: $6,500

Childcare Literacy Lending Library 1.Our childcare center proudly has an onsite literacy lending library, fostering a culture of literacy and intellectual exploration among our students. Each week...

Childcare Literacy Lending Library 1.Our childcare center proudly has an onsite literacy lending library, fostering a culture of literacy and intellectual exploration among our students. Each week, children can select a book of their choice to borrow, promoting reading as an essential component to their educational journey, B engaging with diverse literature, children not only enhance their language skills, but they also cultivate creativity and critical thinking skills. This initiative fosters and nurtures a lifelong love for learning. 2.This activity is funded by the childcare center. 3. This activity benefits the community by providing resources and educational opportunities to young scholars. It also fosters the idea of community learning, exploration, and engagement amongst students. 4.30 percent5.Located at the center sites

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,157,679

Program Service Revenue $168,926

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,326,605

Expense Breakdown

Grants Paid $0

Salaries & Benefits $531,885

Fundraising Expenses $0

Program Expenses $11,500

Other Expenses $794,720

TOTAL EXPENSES $1,326,605

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,326,605	$1,410,009	-0.1%
Expenses	$1,326,605	$1,215,050	+0.1%
Net Income	$0	$194,959	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$184,624

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACOLBIE HARDY	EXECUTIVE DIRECTORE	70	Director	$184,624	$0	$184,624

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,326,605	$1,326,605	$1,326,606	No data
2021	$736,400	$706,221	$736,400	$30,179

DESTINATION EDUCATION FAMILY SERVICES