Better Business Bureau Report for
Keystone Learning Academy

Better Business Bureau Report issued March 2018
Better Business Bureau Report expires March 2019

This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...

Find out more about this charity:

Back To Top

Charity Contact Information

Name: Keystone Learning Academy
Address: 1705 S. 13th Street
  Louisville, KY 40210-2325
Phone: 502-637-3671
Web Address:
Back To Top

Better Business Bureau Comments

Year, State Incorporated: 1974, Kentucky
Affiliates: None
Stated Purpose: Keystone Learning Academy's mission is to enrich the lives of children and their families with educational, emotional and physical development tools.

Back To Top

Evaluation Conclusions


Keystone Learning Academy meets the 20 Standards for Charity Accountability.
Back To Top



The Keystone Learning Academy provides engaging child care and early childhood education to over 100 underprivileged children ages 6 weeks-11 years. KLA offers before and after school programs and a complete summer program for school age children. Additionally, KLA offers supplemental programming to help parents develop the tools they need to build and strengthen their family unit. KLA serves children and their families with integrity and the promise of a safe environment.

For the fiscal year ended June 30, 2017, Keystone Learning Academy's program expenses were:

Program Services 674,189
Total Program Expenses: $674,189
Back To Top



Chief Executive : Sharon Hemingway, Executive Director

Chair of the Board: Michelle Wyrick
Chair's Profession / Business Affiliation: Attorney

Co-Chair of the Board : Ellen Prizant

Chair's Profession / Business Affiliation:

Board Size: 6

Paid Staff Size: 21

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Back To Top

Fund Raising


Method(s) Used:

Keystone Learning Academy receives a substantial amount of its support from federal and state government grants and contracts. Three primary sources of revenue are the Kentucky Department of Education, the Kentucky Child Care Assistance Program, and Metro United Way.

As indicated above, KLA is a Metro United Way member agency.

Fund raising costs were 0% of related contributions. (Related contributions, which totaled $736,351, are donations received as a result of fund raising activities.)
Back To Top

Tax Status


This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
Back To Top



The following information is based on Keystone Learning Academy's audited financial statements for the fiscal year ended June 30, 2017.

Ending net assets are reported below include $114,906 in unrestricted net assets and $171,727 in temporarily restricted net assets.

Source of Funds  
Contributions and Grants 575,078
Metro United Way funds 161,273
Program Fees 67,800
Interest Income 137
Total Income $804,288


Uses of Funds as a % of Total Expenses

Programs: 84%    Administrative: 16% 

Total income $804,288
Program expenses $674,189
Fund raising expenses
Administrative expenses 125,780
Total expenses $799,969
Income in Excess of Expenses 4,319
Beginning net assets 282,314
Ending net assets 286,633
Total liabilities 44,850
Total assets $331,483

Back To Top

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

Send to:

What is an Accredited Charity