Deerstream Learning Center Inc
- Assets
- $578.6k
- Revenue
- $476.7k
- Investments
- $0.0
- Employees
- 33
- Location
- Chapel Hill, NC
- Founding
- 03/1999
- Data as of
- 05/2024
- EIN
- 56-2094800
Organization Overview
Deerstream Learning Center Inc is located in Chapel Hill, NC. The organization was established in 1999. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 05/2024, Deerstream Learning Center Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Deerstream Learning Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2024, Deerstream Learning Center Inc generated $476.7k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $418.3k during the year ending 05/2024. While expenses have increased by 13.7% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPLEMENTAL EDUCATIONAL SERVICES FOR FAMILIES IN THE RESEARCH TRIANGLE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE OFFER HANDS-ON ACADEMIC AND ENRICHMENT CLASSES TO HOMESCHOOL STUDENTS FROM ALL ACROSS THE TRIANGLE AREA OF NORTH CAROLINA. CLASSES ARE OFFERED IN A RIGOROUS YET SUPPORTIVE ENVIRONMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Kirk Exec Director | 20 | $49,520 | |
Claire Atkins Board Member | Trustee | 1 | $0 |
Mike Schneider Board Member | Trustee | 1 | $0 |
Trista Swing Secretary Of The Board | Trustee | 2 | $0 |
Rachel Meitl Board Member | Trustee | 1 | $0 |
Erin Crook Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $333 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $333 |
| Total Program Service Revenue | $466,655 |
| Investment income | $9,686 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $476,674 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $289,821 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,217 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,142 |
| Advertising and promotion | $0 |
| Office expenses | $4,279 |
| Information technology | $5,125 |
| Royalties | $0 |
| Occupancy | $26,120 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,442 |
| All other expenses | $0 |
| Total functional expenses | $418,261 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $440,652 |
| Savings and temporary cash investments | $101,528 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$1,470 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,885 |
| Total assets | $578,595 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $270,577 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $270,577 |
| Net assets without donor restrictions | $293,644 |
| Net assets with donor restrictions | $14,374 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $578,595 |