Kings Academy Child Enrichment Center Inc

EIN: 850601530 501(c)(3) Human Services

Axton, VA

Total Revenue
$413,812
Total Expenses
$414,254
Total Assets
$199,906
Net Assets
$199,404
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
VA
Principal Officer
David Harrison
Phone
2766383802
Tax Period
2024-01-01 to 2024-12-31

Kings Academy Child Enrichment Center Inc, founded in 2020, is a small nonprofit in the Human Services sector that reported $266K in total revenue in fiscal year 2020. The organization ran a surplus of $105K, a strong 39% operating margin.

Mission

To provide child care services and academic tutoring.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $29,611
Program Service Revenue $383,305
Investment Income $0
Other Revenue $896
TOTAL REVENUE $413,812

Expense Breakdown

Grants Paid $0
Salaries & Benefits $348,678
Fundraising Expenses $0
Program Expenses $397,546
Other Expenses $65,576
TOTAL EXPENSES $414,254

Year-over-Year Comparison

2024 2023 Change
Revenue $413,812 $404,780 +0.0%
Expenses $414,254 $449,589 -0.1%
Net Income $-442 $-44,809 -1.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
N/A
Employees
37
Volunteers
3

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
2
$0
Total Directors
5
$30,037
Key Employees
1
$30,037
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Harrison President 15.00
Officer Director
$0 $0 $0
Sandra Hall Director 25.00
Director
$0 $0 $0
Donald Hall Director 5.00
Director
$0 $0 $0
Jeremy Collins Vice President 5.00
Officer Director
$0 $0 $0
Donna Barnwell Director 40.00
Director Key Emp
$30,037 $0 $30,037
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
2024 $413,812 $414,254 $199,906 $-442
2023 $404,780 $449,589 $202,408 $-44,809
2022 $571,476 $495,787 $251,604 $75,689
2021 $454,202 $456,872 $102,244 $-2,670
2020 $266,037 $161,223 $104,814 $104,814
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