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Nonprofit · EIN 26-3809053

LAND ACADEMY

Tax-exempt · MEMPHIS, TN 38127

Financials

$1.2M$1.3M2023$1.1M$1.3M2024
Revenue Expenses · by fiscal year end
Financials of LAND ACADEMY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,137,401$1,272,063-$134,662$352,357$214,922$137,435
December 31, 2023990$1,169,685$1,264,574-$94,889$492,600$150,810$341,790
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,124,351
Investment income
$13,050
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$142,000
Other salaries and wages
$433,842
Salaries, compensation and benefits (total)
$698,868
Professional fundraising fees
$0
Legal fees
$339
Accounting fees
$8,597
Occupancy
$219,240
Depreciation
$67,709
Program services (functional)
$977,653
Management and general (functional)
$294,410

Balance sheet and other

Total assets, start of year
$492,600
Total assets, end of year
$352,357
Total liabilities, end of year
$214,922
Net assets, end of year
$137,435
Land, buildings and equipment
$37,783
Net assets without donor restrictions
$137,435
Gross receipts
$1,137,401
Employees
20
Volunteers
10
Year formed
2009
State of legal domicile
TN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
JEANEEN SHELTONEXECUTIVE DI
Officer
40$92,000
ELLIOT SHELTONPRESIDENT
Officer
20$50,000
990 for the year ended December 31, 2023: 2 people
NameTitleHours / weekCompensation
JEANEEN SHELTOEXECUTIVE DIR
Officer
40$90,000
ELLIOT SHELTONPRESIDENT
Officer
20$48,000

Address and contacts

Address (IRS master file)
3430 OVERTON CROSSING ST, MEMPHIS, TN 38127-5748
In care of
% JEANEEN SHELTON
Principal officer (990 for 2024)
JEANEEN SHELTON, 3430 OVERTON CROSSING, MEMPHIS, TN 38127
Signed the 990
JEANEEN SHELTON, EXECUTIVE DIRECTOR
Phone
(901) 353-1277
Return prepared by
PATRICK ACCOUNTING AND TAX SERVICES PLLC

Mission

THE LAND ACADEMY PROVIDES CHILD CARE SERVICES FOR LOW TO MODERATE INCOME FAMILIES.

990 for the year ended December 31, 2024

Program accomplishments

  • THE PRIMARY SOURCE OF REVENUE WAS FROM THE STATE OF TN AND THE PRIMARY EXPENSE WAS PAYROLL.
    Expenses $540,577 · revenue $901,042
  • THE SECONDARY SOURCE OF REVENUE WAS FROM PRIVATE TUITION AND THE MAJOR SECONDARY EXPENSE WAS REPAIRS AND MAINTENANCE.
    Expenses $68,389 · revenue $93,614
  • THE TERTIARY SOURCE OF REVENUE WAS FROM THE DEPT OF HUMAN SERVICES AND THE LEADING EXPENSE WAS FOOD SERVICES.
    Expenses $51,672 · revenue $91,695
  • ALL OTHER REVENUE AND EXPENSES
    Expenses $317,015 · revenue $38,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
26-3809053
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2009
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P30)
Assets (IRS master file)
$352,357
Income (IRS master file)
$1,137,401

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,137,401$1,272,063$352,357XML
990December 2023$1,169,685$1,264,574$492,600XML
990December 2022$1,449,525$1,210,312$586,679IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-3809053).

Questions about LAND ACADEMY

What is the EIN of LAND ACADEMY?
The employer identification number (EIN) of LAND ACADEMY is 26-3809053.
Is LAND ACADEMY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
Are donations to LAND ACADEMY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LAND ACADEMY file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of LAND ACADEMY due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LAND ACADEMY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of LAND ACADEMY?
The 990 for the year ended December 31, 2024 names JEANEEN SHELTON.
Who are the officers and directors of LAND ACADEMY?
The 990 for the year ended December 31, 2024 lists 2 people; 2 received compensation from the organization, the highest $92,000 (JEANEEN SHELTON, EXECUTIVE DI).
How much revenue does LAND ACADEMY have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,137,401, expenses of $1,272,063 and total assets of $352,357 at year end.

Other nonprofits in MEMPHIS

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