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Nonprofiteer
← CHALLENGER LEARNING CENTER OF KENTUCKY INC

Form 990 for tax year 2022

Filed by CHALLENGER LEARNING CENTER OF KENTUCKY INC.

Totals

Total revenue
$711,137
Total expenses
$639,288
Contributions and grants received
$492,703
Grants paid
$0
Program service revenue
$211,096
Investment income
$7,338
Other revenue
$0
Total assets, end of year
$2,551,091
Total liabilities, end of year
$573,013
Net assets or fund balances, end of year
$1,978,078
Program services expenses (Part IX)
$635,713
Management and general expenses
$0
Fundraising expenses
$3,575
Program service expenses (Part III)
$635,713

Program services were 99.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $492,703

  • 2a · Program service revenue

    total $211,096 · excluded $211,096

  • 3 · Investment income

    total $7,338 · related or exempt $7,338

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $413,511 · program services $413,511

  • 11b · Fees: legal

    total $3,037 · program services $3,037

  • 11g · Fees: other

    total $174,074 · program services $170,499 · fundraising $3,575

  • 12 · Advertising and promotion

    total $6,666 · program services $6,666

  • 13 · Office expenses

    total $6,075 · program services $6,075

  • 16 · Occupancy

    total $16,261 · program services $16,261

  • 17 · Travel

    total $6,175 · program services $6,175

  • 20 · Interest

    total $10,074 · program services $10,074

  • 23 · Insurance

    total $3,415 · program services $3,415

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $836,503 · end of year $4,572

  • 2 · Savings and temporary cash investments

    beginning of year $76,672 · end of year $927,290

  • 3 · Pledges and grants receivable

    beginning of year $130,255 · end of year $90,255

  • 4 · Accounts receivable

    end of year $10,400

  • 8 · Inventories for sale or use

    beginning of year $5,522 · end of year $5,522

  • 10a · Land, buildings and equipment: cost or other basis

    $1,449,657

  • 10b · Land, buildings and equipment: accumulated depreciation

    $968,225

  • 10c · Land, buildings and equipment, net

    beginning of year $377,135 · end of year $481,432

  • 15 · Other assets

    beginning of year $993,410 · end of year $1,031,620

  • 18 · Grants payable

    beginning of year $68,967 · end of year $89,849

  • 24 · Unsecured notes and loans payable

    beginning of year $493,386 · end of year $483,164

  • 27 · Net assets without donor restrictions

    beginning of year $695,052 · end of year $1,978,078

  • 28 · Net assets with donor restrictions

    beginning of year $1,162,092

Mission and programs · 2022

Mission

PROVIDE A BEYOND A CLASSROOM EDUCATION

  • PROVIDE ACCESS TO CULTURAL, EDUCATIONAL & TECHNOLGY EXPERIENCE BEYOND THE CLASSROOM, IMPROVE THE ECONOMIC AND IMAGE OF THE REGION, CREATE RELATIONSHIPS AMONG PRIMARY, SECONDARY AND COMMUNITY COLLEGE INSTRUCTORS

    Expenses $635,713

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • James Combs

    CHAIRMAN

    Total calculated
    $0

  • Tom Craven

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
7 May 2023
IRS schema version
2022v5.0
Source object
202431359349307433

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