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Nonprofiteer
← BACKSIDE LEARNING CENTER INC

Form 990 for tax year 2024

Filed by BACKSIDE LEARNING CENTER INC.

Totals

Total revenue
$1,296,336
Total expenses
$1,181,206
Contributions and grants received
$935,892
Grants paid
$0
Program service revenue
$0
Investment income
$62,784
Other revenue
$297,660
Total assets, end of year
$2,083,947
Total liabilities, end of year
$10,307
Net assets or fund balances, end of year
$2,073,640
Program services expenses (Part IX)
$845,510
Management and general expenses
$118,128
Fundraising expenses
$217,568
Program service expenses (Part III)
$845,510

Program services were 71.6% 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.

  • 1f · All other contributions, gifts and grants

    $935,892

  • 1g · Noncash contributions included above

    $56,050

  • 3 · Investment income

    total $32,164 · excluded $32,164

  • 7a · Gross sales of assets other than inventory

    securities $30,620

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $30,620

  • 7d · Net gain or loss

    total $30,620 · excluded $30,620

  • 8a · Fundraising events: gross income

    $216,447

  • 8b · Fundraising events: direct expenses

    $54,929

  • 8c · Net income from fundraising events

    total $161,518 · excluded $161,518

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $136,142 · related or exempt $136,142

  • 11e · Other revenue, total

    $136,142

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $80,604 · program services $56,423 · management and general $8,060 · fundraising $16,121

  • 7 · Other salaries and wages

    total $733,037 · program services $513,125 · management and general $73,304 · fundraising $146,608

  • 8 · Pension plan contributions

    total $4,591 · program services $3,214 · management and general $459 · fundraising $918

  • 9 · Other employee benefits

    total $54,107 · program services $37,876 · management and general $5,412 · fundraising $10,819

  • 10 · Payroll taxes

    total $59,001 · program services $41,301 · management and general $5,900 · fundraising $11,800

  • 11c · Fees: accounting

    total $9,550 · program services $5,545 · management and general $955 · fundraising $3,050

  • 11f · Fees: investment management

    total $13,477 · management and general $13,477

  • 11g · Fees: other

    total $59,752 · program services $34,692 · management and general $5,976 · fundraising $19,084

  • 12 · Advertising and promotion

    total $8,636 · program services $6,045 · management and general $864 · fundraising $1,727

  • 13 · Office expenses

    total $16,237 · program services $11,366 · management and general $1,624 · fundraising $3,247

  • 16 · Occupancy

    total $16,281 · program services $16,281

  • 17 · Travel

    total $2,796 · program services $1,957 · management and general $280 · fundraising $559

  • 19 · Conferences, conventions and meetings

    total $608 · program services $608

  • 22 · Depreciation, depletion and amortization

    total $7,830 · program services $5,481 · management and general $783 · fundraising $1,566

  • 23 · Insurance

    total $10,343 · program services $7,240 · management and general $1,034 · fundraising $2,069

  • 24a · Other expenses: OTHER PROGRAM EXPENSES

    total $94,547 · program services $94,547

  • 24b · Other expenses: FAMILY PROGRAM EXPENSE

    total $9,809 · program services $9,809

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $482,324 · end of year $168,917

  • 2 · Savings and temporary cash investments

    beginning of year $344,486 · end of year $132,498

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,920 · end of year $14,731

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

    $661,743

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

    $79,497

  • 10c · Land, buildings and equipment, net

    beginning of year $39,216 · end of year $582,246

  • 11 · Investments: publicly traded securities

    beginning of year $1,018,459 · end of year $1,185,555

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,712 · end of year $10,307

  • 27 · Net assets without donor restrictions

    beginning of year $1,684,980 · end of year $1,903,092

  • 28 · Net assets with donor restrictions

    beginning of year $199,713 · end of year $170,548

Mission and programs · 2024

Mission

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE EDUCATIONAL, LINGUISTIC, SOCIAL AND OTHER CHARITABLE SERVICES TO PERSONS, AND THEIR FAMILIES, ENGAGED PRIMARILY IN THE CARE, TRAINING, AND/OR ANY OTHER ACTIVITY INVOLVING THOROUGHBRED RACE HORSES HOUSED AT RACING AND TRAINING FACILITIES; PARTICULARLY AT CHURCHHILL DOWNS IN LOUISVILLE, KENTUCKY.

Activities or mission (Part I)

SUPPORT FOR PERSONS AND FAMILIES CARING FOR THOROUGHBRED RACE HORSES.

  • LEARNING CENTER ADULT PROGRAMS -THESE PROGRAMS SUPPORT EQUINE WORKERS AND THEIR FAMILIES IN THE PURSUIT OF THEIR PERSONAL AND PROFESSIONAL DREAMS. WE DO THIS BY PROVIDING EDUCATIONAL OPPORTUNITIES, ASSISTANCE IN NAVIGATING AND ACCESSING LOCAL RESOURCES, AND BY CREATING COMMUNITY. IN A CARING AND RESPECTFUL SETTING, OUR CLIENTS DEVELOP THEIR SKILLS AND KNOWLEDGE WITH CLASSES, TUTORING, AND DIRECT ASSISTANCE TAILORED TO THEIR NEEDS. THE ADULT PROGRAMS SERVED APPROXIMATELY 600 INDIVIDUALS THROUGH CLASSES, WORKSHOPS AND SOCIAL SERVICES, WITH AROUND 150 WALK-INS PER WEEK. PROGRAMS AND SERVICES AIM TO IMPROVE QUALITY OF LIVE THROUGH LANGUAGE DEVELOPMENT, FINANCIAL LITERACY, PARENTING SUPPORT, MENTAL HEALTH WORKSHOPS AND SERVICES TO HELP TRACK WORKERS SOLVE PROBLEMS AND FULFILL BASIC NEEDS SUCH AS HOUSING, HEALTH CARE, TRANSPORTATION, ETC.

    Expenses $322,562 · Revenue $136,142

  • THE FAMILY EDUCATION PROGRAM IS HELD AT OUR OFF-SITE LOCATION. IT PROVIDES ACADEMIC ENRICHMENT ACTIVITIES TO SCHOOL-AGED CHILDREN AND ACCESS TO SUMMER CAMP EXPERIENCES. EDUCATIONAL ADVOCACY IS AN ADDITIONAL ELEMENT THAT SUPPORTS PARENTS IN NAVIGATING THE PUBLIC SCHOOL SYSTEM AND ARE ACTIVE PARTICIPANTS IN THEIR CHILD'S EDUCATION AND DEVELOPMENT. THIS PROGRAM SERVES AROUND 80 CHILDREN PER YEAR. EARLY CHILDHOOD DEVELOPMENT SUPPORTS KIDS FROM 2-5 IN REACHING EARLY DEVELOPMENT MILESTONES AND SOCIALIZATION, WHILE TEACHING PARENTS STRATEGIES TO SUPPORT THEIR CHILD'S DEVELOPMENT AT HOME. THIS PROGRAM SERVES AROUND 15 FAMILIES.

    Expenses $522,948

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sherry Stanley

    EXECUTIVE DIRECTOR

    Total calculated
    $80,604
    From this org
    $71,705
    From related orgs
    $0
    Other
    $8,899
    Hours/week
    37.5

  • Stephen Lin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Paola Morante Escobar

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Annie Jessee

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • David Burianek

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Amy Zink

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Buff Bradley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Caton Bredar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Shanahan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Glenn Kosse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Janisha Szabo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Kennedy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pam Conway

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Halloran

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Victor Calderon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Xaimara Torres Jimenez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • BACKSIDE HOUSE LLC

    TO SUPPORT BACKSIDE LEARNING CENTER, INC · KY

    Directly controlled by THE BACKSIDE LEARNING CENTER INC

Provenance

Return type
form_990
Tax year
2024
Filed
4 August 2026
IRS schema version
2024v5.5
Source object
202632169349300648

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