Olive Tree Early Learning Academy
- Assets
- $3.0m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 21
- Location
- Knoxville, TN
- Founding
- Data as of
- 12/2023
- EIN
- 92-0565554
Organization Overview
Olive Tree Early Learning Academy is located in Knoxville, TN. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 12/2023, Olive Tree Early Learning Academy employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olive Tree Early Learning Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OLIVE TREE EARLY LEARNING ACADEMY WAS ESTABLISHED IN 2022 TO PARTNER FAMILIES TOGETHER WITH EXCEPTIONAL EDUCATORS IN A WHOLE CHILD APPROACH TO A HIGH-QUALITY EARLY EDUCATION THAT PROVIDES A CREATIVE, SAFE AND INCLUSIVE ENVIRONMENT WHERE CHILDREN GROW TO LOVE LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OLIVE TREE EARLY LEARNING ACADEMY WAS FORMED TO PARTNER FAMILIES TOGETHER WITH EXCEPTIONAL EDUCATORS IN A WHOLE CHILD APPROACH TO A HIGH-QUALITY EARLY EDUCATION THAT PROVIDES A CREATIVE, SAFE AND INCLUSIVE ENVIRONMENT WHERE CHILDREN GROW TO LOVE LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patty Bowlin Vice Preside | OfficerTrustee | 1 | $0 |
Beth Breazeale Treasurer | OfficerTrustee | 1 | $0 |
Leeann Foster Director | Trustee | 1 | $0 |
Joshalyn Hundley Director | Trustee | 1 | $0 |
Amy Moden Secretary | OfficerTrustee | 1 | $0 |
Lee Robinson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $338,374 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $168,804 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,364,676 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,871,854 |
| Total Program Service Revenue | $92,344 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,000 |
| 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 | $1,982,198 |
| 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 | $337,560 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,207 |
| Payroll taxes | $23,653 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,093 |
| Fees for services: Accounting | $14,932 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,343 |
| Advertising and promotion | $6,061 |
| Office expenses | $13,061 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $96,694 |
| Travel | $635 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,800 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $91,304 |
| Insurance | $7,318 |
| All other expenses | $77,941 |
| Total functional expenses | $853,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $344,432 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,079,751 |
| Accounts receivable, net | $36,795 |
| 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 | $20,444 |
| Net Land, buildings, and equipment | $1,195,107 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $295,301 |
| Total assets | $2,971,830 |
| Accounts payable and accrued expenses | $37,786 |
| Grants payable | $0 |
| Deferred revenue | $12,315 |
| 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 | $1,580,956 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,631,057 |
| Net assets without donor restrictions | $261,022 |
| Net assets with donor restrictions | $1,079,751 |
| 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 | $2,971,830 |