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ACADEMY CHILD DEVELOPMENT CENTER INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
ACADEMY CHILD DEVELOPMENT CENTER INC (EIN 52-1228660)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-11
IRS object ID
202123159349302242
Schema version
2020v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-11-11T10:45:11-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN135381590PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BDO USA LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1800 RED BROOK BLVD SUITE 300AddressLine1Txt
CityOWINGS MILLSCityNm
State AbbreviationMDStateAbbreviationCd
ZIP21117ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN521228660EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ACADEMY CHILD DEVELOPMENT CENTER INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlACADBusinessNameControlTxt
Phone3014246282PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line19035 SHADY GROVE COURTAddressLine1Txt
CityGAITHERSBURGCityNm
State AbbreviationMDStateAbbreviationCd
ZIP20877ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLESLEY WALSH-EVERHARTPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone3014246282PhoneNum
Signature2021-11-10SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstLESLEYPersonFirstNm
Person LastWALSH-EVERHARTPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonANTHONY F ALLEN CPAPreparerPersonNm
PTINP00183995PTIN
Phone4103633200PhoneNum
Preparation2021-11-10PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerLESLEY WALSH-EVERHARTPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line19035 SHADY GROVE COURTAddressLine1Txt
CityGAITHERSBURGCityNm
State AbbreviationMDStateAbbreviationCd
ZIP20877ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,778,790GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.ACADEMYCHILD.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1981FormationYr
Legal Domicile StateMDLegalDomicileStateCd
Activity Or MissionACADEMY STRIVES TO REMAIN AN INNOVATOR IN THE FIELD OF EDUCATIONAL CHILD CARE AND PRESCHOOL-PRIMARY SCHOOL PROGRAMMING. WE ARE HIGHLY RECOGNIZED AS PROVIDING THE HIGHEST QUALITY LEVEL OF LICENSED AND MONITORED CHILD CARE AND EDUCATION FOR CHILDREN AGES 2 MONTHS THROUGH SCHOOL-AGE AND FOR THE VARIOUS CULTURES AND ECONOMIC BACKGROUNDS OF THE FAMILIES IN MONTGOMERY COUNTY. OUR MISSION AND PURPOSES ARE: TO OFFER DEVELOPMENTALLY APPROPRIATE EARLY CHILDHOOD/SCHOOL AGE PROGRAMS; TO PROVIDE SAFE, HEALTHY AND RELIABLE CHILD CARE OPTIONS FOR WORKING PARENTS; TO MAINTAIN A DEDICATED, PROFESSIONAL STAFF THROUGH COMPETITIVE SALARIES, BENEFITS AND ONGOING PROFESSIONAL DEVELOPMENT TRAINING; TO DEVELOP AND MAINTAIN PARTNERSHIPS WITH PARENTS, STAFF, COMMUNITY, LOCAL, STATE AND NATIONAL ORGANIZATIONS; TO ACHIEVE AND MAINTAIN THE HIGHEST LEVELS OF EXCELS RATINGS IN THE STATE.ActivityOrMissionDesc
Voting Members Governing Body6VotingMembersGoverningBodyCnt
Voting Members Independent1VotingMembersIndependentCnt
Total Employee85TotalEmployeeCnt
Total Volunteers2TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$360,665PYContributionsGrantsAmt
CY Contributions Grants$967,570CYContributionsGrantsAmt
PY Program Service Revenue$3,459,535PYProgramServiceRevenueAmt
CY Program Service Revenue$1,623,341CYProgramServiceRevenueAmt
PY Investment Income$141,826PYInvestmentIncomeAmt
CY Investment Income$121,270CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$3,962,026PYTotalRevenueAmt
CY Total Revenue$2,712,181CYTotalRevenueAmt
PY Grants And Similar Paid$175,955PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$120,401CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,650,186PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,736,151CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,006,832PYOtherExpensesAmt
CY Other Expenses$661,850CYOtherExpensesAmt
PY Total Expenses$3,832,973PYTotalExpensesAmt
CY Total Expenses$2,518,402CYTotalExpensesAmt
PY Revenues Less Expenses$129,053PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$193,779CYRevenuesLessExpensesAmt
Total Assets BOY$2,985,078TotalAssetsBOYAmt
Total Assets EOY$3,681,624TotalAssetsEOYAmt
Total Liabilities BOY$729,349TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,080,640TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,255,729NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,600,984NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionACADEMY OFFERS THE "BUILDING BLOCKS FOR LIFE" PHILOSOPHY - THE FOUNDATION FROM WHICH ALL LEARNING TAKES PLACE FOR THE FUTURE. CHILDREN GROW IN A NURTURING ENVIRONMENT THAT PROMOTES SAFETY AND SECURITY. WHEN CHILDREN ARE GUIDED TO LIVE AND PLAY TOGETHER IN AN ATMOSPHERE OF MUTUAL RESPECT AND SUPPORT, THEY DEVELOP POSITIVE CHARACTER VALUES. BY ENCOURAGING CREATIVITY, EXPLORATION, AND DISCOVERY CHILDREN ACQUIRE A LOVE OF LEARNING AND A SENSE OF SELF. ACADEMY IS DEDICATED TO THE WORLD'S FUTURE - ITS CHILDREN.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,042,196ExpenseAmt
Grant$120,401GrantAmt
Revenue$1,623,341RevenueAmt
DescPROVIDED HIGH QUALITY DAYCARE/EDUCATION SERVICES FOR APPROXIMATELY 128 CHILDREN IN MONTGOMERY COUNTY MARYLAND.Desc
Total Program Service Expenses$2,042,196TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org MemYes (1)BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document9IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee85EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members6GoverningBodyVotingMembersCnt
Independent Voting Member1IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonHEATHER O'BRIENPersonNm
Phone3014246282PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line110109 DARNESTOWN ROADAddressLine1Txt
CityROCKVILLECityNm
State AbbreviationMDStateAbbreviationCd
ZIP20850ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
LESLEY WALSH-EVERHART
PRESIDENT40.00Yes (X)Yes (X)$100,122$0$12,840
BRUCE KAHAN
VICE PRESIDENT40.00Yes (X)Yes (X)$61,887$0$0
DEBORA SULLIVAN
SECRETARY40.00Yes (X)Yes (X)$52,501$0$7,211
AILEEN WALSH
DIRECTOR1.25Yes (X)$0$0$0
JODY BURGHARDT
DIRECTOR1.25Yes (X)$0$0$0
MARILYN FLEETWOOD
DIRECTOR1.25Yes (X)$19,999$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$234,509TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$20,051TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$938,165GovernmentGrantsAmt
All Other Contributions$29,405AllOtherContributionsAmt
Total Contributions$967,570TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
DAY CARE TUITION611600$1,576,683$1,576,683
MISC900099$46,658$46,658
FieldValueIRS element (for citing)
Total Program Service Revenue$1,623,341TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$34,437TotalRevenueColumnAmt
Exclusion$34,437ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$153,442SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$66,609SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$86,833SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$86,833TotalRevenueColumnAmt
Exclusion$86,833ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,712,181TotalRevenueColumnAmt
Related Or Exempt Func Income$1,623,341RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$121,270ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$120,401TotalAmt
Program Services$120,401ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$254,560TotalAmt
Program Services$127,280ProgramServicesAmt
Management And General$127,280ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,312,879TotalAmt
Program Services$1,133,445ProgramServicesAmt
Management And General$179,434ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$10,164TotalAmt
Program Services$8,775ProgramServicesAmt
Management And General$1,389ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$19,774TotalAmt
Program Services$17,071ProgramServicesAmt
Management And General$2,703ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$138,774TotalAmt
Program Services$119,808ProgramServicesAmt
Management And General$18,966ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$4,700TotalAmt
Management And General$4,700ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$13,259TotalAmt
Management And General$13,259ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$95,170TotalAmt
Program Services$58,712ProgramServicesAmt
Management And General$36,458ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$4,580TotalAmt
Management And General$4,580ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$19,298TotalAmt
Program Services$16,660ProgramServicesAmt
Management And General$2,638ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$19,279TotalAmt
Program Services$16,644ProgramServicesAmt
Management And General$2,635ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$219,301TotalAmt
Program Services$189,329ProgramServicesAmt
Management And General$29,972ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$335TotalAmt
Program Services$335ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$4,820TotalAmt
Program Services$4,820ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$29,511TotalAmt
Program Services$25,478ProgramServicesAmt
Management And General$4,033ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$45,157TotalAmt
Program Services$38,985ProgramServicesAmt
Management And General$6,172ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$27,652TotalAmt
Program Services$6,587ProgramServicesAmt
Management And General$21,065ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
REPAIRS AND MAINTENANCE$67,615$58,958$8,657
SUPPLIES AND MATERIALS$51,357$49,880$1,477
UTILITIES$50,859$43,908$6,951
MISCELLANEOUS EXPENSE$4,853$4,853

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$4,104TotalAmt
Program Services$267ProgramServicesAmt
Management And General$3,837ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,518,402TotalAmt
Program Services$2,042,196ProgramServicesAmt
Management And General$476,206ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$298,280BOYAmt
EOY$469,707EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$55,596BOYAmt
EOY$58,387EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,701,671LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$728,572LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,000,273BOYAmt
EOY$973,099EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$1,613,429BOYAmt
EOY$1,869,962EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$17,500BOYAmt
EOY$310,469EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,985,078BOYAmt
EOY$3,681,624EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$617,741BOYAmt
EOY$574,934EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$111,608BOYAmt
EOY$505,706EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$729,349BOYAmt
EOY$1,080,640EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,255,729BOYAmt
EOY$2,600,984EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,255,729BOYAmt
EOY$2,600,984EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,985,078BOYAmt
EOY$3,681,624EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$193,779ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$151,476NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,537,167OtherCostOrOtherBasisAmt
Depreciation$578,753DepreciationAmt
Book Value$958,414BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$164,504OtherCostOrOtherBasisAmt
Depreciation$149,819DepreciationAmt
Book Value$14,685BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$973,099TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
SECURITY DEPOSIST$17,500
ERC RECEIVABLE$292,969
FieldValueIRS element (for citing)
Total Book Value Other Assets$310,469TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDescAmtAmt
DEPOSITS$53,865
CREDIT CARD PAYABLE$6,554
PAYROLL LIABILITIES$1,287
PPP LOAN$444,000
FieldValueIRS element (for citing)
Total Liability$505,706TotalLiabilityAmt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3THE ORGANIZATION PUBLISHES ITS POLICY ON THE WEB SITE; IT IS PUBLISHED IN THE STATE ACCREDITATION DOCUMENTATION THAT IS SENT IN AS PART OF THE ANNUAL RENEWALS AND FOR THE STATE EXCELS PROGRAM; IN PARENT HANDBOOKS AND STAFF POLICY BOOKS PUBLISHED ANNUALLY; AND, ANNUALLY, IN PARENT FLYERS AND BROCHURES. THE ORGANIZATION IS A LOCAL SCHOOL THAT DRAWS ITS STUDENTS FROM THE IMMEDIATE, LOCAL COMMUNITY AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS.
SCHEDULE E, PART I, LINE 6THE ORGANIZATION RECEIVES REIMBURSEMENT FOR TEACHER'S SALARIES, ENRICHMENT, SUPPLIES, AND OTHER ITEMS FROM MD STATE DEPARTMENT OF EDUCATION AND MONTGOMERY COUNTY.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeTUITION SCHOLARSHIPS FOR STUDENTSGrantTypeTxt
Recipient60RecipientCnt
Cash Grant$120,401CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE TUITION COMMITTEE OF THE ACADEMY CHILD DEVELOPMENT CENTER EVALUATES EACH STUDENT'S FINANCIAL SITUATION AND DISTRIBUTES SCHOLARSHIPS AND TUITION DISCOUNTS BASED ON THOSE NEEDS.ExplanationTxt

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

FieldValueIRS element (for citing)
PersonMARILYN FLEETWOODPersonNm
FieldValueIRS element (for citing)
Relationship DescriptionDIRECTORRelationshipDescriptionTxt
Transaction$192,000TransactionAmt
TransactionRENTTransactionDesc
Sharing Of Revenues0SharingOfRevenuesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONSFormAndLineReferenceDesc
Explanation( A ) NAME OF PERSON: MARILYN FLEETWOOD( D ) DESCRIPTION OF TRANSACTION: RENTTHE ORGANIZATION LEASES THE FOLLOWING PROPERTY FROM RLL & C CORP, WHICH IS OWNED BY THE FLEETWOODS: 10109 DARNESTOWN ROAD, ROCKVILLE, MDExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2AILEEN WALSH IS THE MOTHER OF LESLEY WALSH-EVERHART.
FORM 990, PART VI, SECTION B, LINE 11BA DRAFT OF FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS AT LEAST ONE WEEK PRIOR TO ITS FILING.
FORM 990, PART VI, SECTION B, LINE 12CTHE CONFLICT OF INTEREST POLICY IS MONITORED ON A CONSTANT BASIS. IF A CONFLICT ARISES, IT IS TYPICALLY HANDLED BY HAVING THE BOARD MEMBER RECUSE THEMSELF FROM THE DISCUSSION AND VOTE.
FORM 990, PART VI, SECTION C, LINE 19BY APPOINTMENT AT OFFICES LOCATED AT 10109 DARNESTOWN ROAD, ROCKVILLE, MD.

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