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2.75 MB
Extraction Summary
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People
4
Organizations
0
Locations
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Events
1
Relationships
3
Quotes
Document Information
Type:
Corporate financial report / operations description
File Size:
2.75 MB
Summary
This document is a page from a financial or operational report for KLC (likely Knowledge Learning Corporation), numbered page 76 and stamped with a House Oversight Committee identifier (HOUSE_OVERSIGHT_024509). It details the company's revenue streams, primarily derived from child care tuition, noting that 20% of revenue comes from government subsidies. It also outlines cost drivers, specifically noting that labor is the largest component of the cost of revenue, and mentions a subsidiary called KC Distance Learning.
Organizations (4)
| Name | Type | Context |
|---|---|---|
| KLC |
The company whose financial operations and revenue drivers are being described (Likely Knowledge Learning Corporation).
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| KC Distance Learning |
Subsidiary of KLC that sells high school level courses via online and correspondence formats.
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| Government Agencies |
Entities that subsidize tuition, accounting for approx 20% of KLC net revenues.
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| Traditional Schools and School Districts |
Recipients of instructional services from KC Distance Learning.
|
Relationships (1)
KLC's subsidiary, KC Distance Learning
Key Quotes (3)
"Approximately 20% of KLC's net revenues are derived from tuition paid at varying levels of subsidy by government agencies."Source
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Quote #1
"KLC derives its net revenues primarily from the tuition it charges for attendance by children at its centers."Source
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Quote #2
"Labor related costs are the largest component of costs of revenue."Source
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Quote #3
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