LEARNING COMPANY: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- LEARNING COMPANY (EIN 27-3328809)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2024-10-26
- IRS object ID
- 202403009349300600
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-10-26T08:45:33-04:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 473903984 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Jay Aronowitz CPA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 49 Independence Drive | AddressLine1Txt |
| City | Monroe Township | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08831 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 273328809 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Learning Company | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LEAR | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 315 West Maple Avenue | AddressLine1Txt |
| City | Langhorne | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19047 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Joye Nagle | PersonNm |
| Person Title | Treasurer | PersonTitleTxt |
| Phone | 6098512522 | PhoneNum |
| Signature | 2024-09-18 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jay Aronowitz | PreparerPersonNm |
| PTIN | P00086337 | PTIN |
| Phone | 6096193038 | PhoneNum |
| Preparation | 2024-10-26 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Joel Hammon | PrincipalOfficerNm |
| Gross Receipts | $1,412,047 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.learningcooperatives.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2010 | FormationYr |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Activity Or Mission | The Learning Company is a group of local centers that make living and learning without school an option for teens. We provide academic and non-academic support as well as a supportive community for teens to pursue their education. We operate centers in three communities. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 13 | TotalEmployeeCnt |
| Total Volunteers | 60 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $64,895 | PYContributionsGrantsAmt |
| CY Contributions Grants | $42,891 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,224,550 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $1,355,024 | CYProgramServiceRevenueAmt |
| PY Investment Income | $5,300 | PYInvestmentIncomeAmt |
| CY Investment Income | $14,132 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $1,294,745 | PYTotalRevenueAmt |
| CY Total Revenue | $1,412,047 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $338,556 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $376,763 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $691,118 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $779,892 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $25,576 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $138,050 | PYOtherExpensesAmt |
| CY Other Expenses | $153,033 | CYOtherExpensesAmt |
| PY Total Expenses | $1,167,724 | PYTotalExpensesAmt |
| CY Total Expenses | $1,309,688 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $127,021 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $102,359 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $611,383 | TotalAssetsBOYAmt |
| Total Assets EOY | $753,187 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $102,364 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $111,292 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $509,019 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $641,895 | NetAssetsOrFundBalancesEOYAmt |
| Mission | The Learning Company is a group of local centers that make living and learning without school an option for teens. We provide academic and non-academic support as well as a supportive community for teens to pursue their education. We operate centers in three communities. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $1,069,075 | ExpenseAmt |
| Grant | $376,763 | GrantAmt |
| Revenue | $1,357,136 | RevenueAmt |
| Desc | The Learning Company offers classes, tutoring, mentoring, help finding volunteer and work opportunities, help with college admissions, and a safe and welcoming spaces for teens to work and socialize. We currently operate Princeton Learning Cooperative in Princeton, New Jersey, Bucks Learning Cooperative in Langhorne, Pennsylvania and Raritan Learning Cooperative in Flemington, New Jersey. | Desc |
| Total Program Service Expenses | $1,069,075 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 1 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 13 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Joel Hammon | PersonNm |
| Phone | 6098512522 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 315 West Maple Avenue | AddressLine1Txt |
| City | Langhorne | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19047 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| Joel Hammon | |||||||
| Director | 40.00 | 0.00 | Yes (X) | $79,066 | $0 | $0 | |
| Kate Daly | |||||||
| Trustee | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| David DiMicco | |||||||
| Trustee | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Rob Ambrogi | |||||||
| Trustee | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Marc Epstein | |||||||
| Trustee | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Christie McDade | |||||||
| Trustee | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Clancy August | |||||||
| Secretary | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| Joye Nagle | |||||||
| Treasurer | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| Charles Kruger | |||||||
| Vice President | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| Patrick Sullivan | |||||||
| President | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $79,066 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| All Other Contributions | $42,891 | AllOtherContributionsAmt |
| Total Contributions | $42,891 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Tuition | Desc |
| Business | 611710 | BusinessCd |
| Total Revenue Column | $1,355,024 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,355,024 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $1,355,024 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $14,132 | TotalRevenueColumnAmt |
| Exclusion | $14,132 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,412,047 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,355,024 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $14,132 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $376,763 | TotalAmt |
| Program Services | $376,763 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $79,188 | TotalAmt |
| Program Services | $47,513 | ProgramServicesAmt |
| Management And General | $27,716 | ManagementAndGeneralAmt |
| Fundraising | $3,959 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $640,476 | TotalAmt |
| Program Services | $463,916 | ProgramServicesAmt |
| Management And General | $156,591 | ManagementAndGeneralAmt |
| Fundraising | $19,969 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $60,228 | TotalAmt |
| Program Services | $46,461 | ProgramServicesAmt |
| Management And General | $12,261 | ManagementAndGeneralAmt |
| Fundraising | $1,506 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,189 | TotalAmt |
| Program Services | $9,094 | ProgramServicesAmt |
| Management And General | $9,095 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,156 | TotalAmt |
| Program Services | $22,108 | ProgramServicesAmt |
| Management And General | $24 | ManagementAndGeneralAmt |
| Fundraising | $24 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $81,664 | TotalAmt |
| Program Services | $73,498 | ProgramServicesAmt |
| Management And General | $8,166 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,619 | TotalAmt |
| Program Services | $4,619 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,844 | TotalAmt |
| Program Services | $10,660 | ProgramServicesAmt |
| Management And General | $1,184 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| Program expense | $10,792 | $10,792 |
| Telephone | $1,918 | $1,918 |
| Business registrations | $1,733 | $1,733 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $118 | TotalAmt |
| Fundraising | $118 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,309,688 | TotalAmt |
| Program Services | $1,069,075 | ProgramServicesAmt |
| Management And General | $215,037 | ManagementAndGeneralAmt |
| Fundraising | $25,576 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $477,585 | BOYAmt |
| EOY | $506,731 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,227 | BOYAmt |
| EOY | $31,082 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,596 | BOYAmt |
| EOY | $2,293 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $110,066 | BOYAmt |
| EOY | $207,925 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,909 | BOYAmt |
| EOY | $5,156 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $611,383 | BOYAmt |
| EOY | $753,187 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $64,355 | BOYAmt |
| EOY | $93,286 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,300 | BOYAmt |
| EOY | $17,050 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,709 | BOYAmt |
| EOY | $956 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $102,364 | BOYAmt |
| EOY | $111,292 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $509,019 | BOYAmt |
| EOY | $636,895 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $5,000 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $509,019 | BOYAmt |
| EOY | $641,895 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $611,383 | BOYAmt |
| EOY | $753,187 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $102,359 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $25,516 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $5,001 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $32,559 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $121,250 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $22,565 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $62,835 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $40,779 | CurrentTaxYearAmt |
| Total | $279,988 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $643,326 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $708,846 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,053,452 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,224,550 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,355,024 | CurrentTaxYearAmt |
| Total | $4,985,198 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $675,885 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $830,096 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,076,017 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,287,385 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,395,803 | CurrentTaxYearAmt |
| Total | $5,265,186 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $5,265,186 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,862 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,375 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,986 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,300 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $14,132 | CurrentTaxYearAmt |
| Total | $31,655 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,862 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,375 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,986 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,300 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $14,132 | CurrentTaxYearAmt |
| Total | $31,655 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $679,747 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $832,471 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,082,003 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,292,685 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,409,935 | CurrentTaxYearAmt |
| Total | $5,296,841 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.99400 | PublicSupportCY509Pct |
| Public Support PY509 | 0.99560 | PublicSupportPY509Pct |
| Investment Income CY | 0.01000 | InvestmentIncomeCYPct |
| Investment Income PY | 0.00000 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| Operating Lease right-of-use asset | $956 |
| Security Deposit | $4,200 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $5,156 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Operating Lease Liability | Desc |
| Amt | $956 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $956 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $1,060,800 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $25,516 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $25,516 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,035,284 | RevenueSubtotalAmt |
| Other Revenues Not Included | $376,763 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $376,763 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $1,412,047 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $932,924 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $932,924 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $376,763 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $376,763 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $1,309,687 | TotalExpensesPerForm990Amt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Tuition Waiver | GrantTypeTxt |
| Non Cash Assistance | $376,763 | NonCashAssistanceAmt |
| Valuation Method Used | FMV | ValuationMethodUsedDesc |
| Non Cash Assistance | Tuition Waiver | NonCashAssistanceDesc |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990 governing body review Part VI line 11 | The Organizations form 990 is prepared by a CPA and a draft of the form 990 is provided to the Treasurer who reviews the document. At the next Board meeting, each member of the Board is provided with a copy of the form 990. The Treasurer, along with the Director, goes over the 990 answering any questions the Board members may have. The Board then votes to approve the form 990 or sends it back for revisions. |
| Conflict of interest policy compliance Part VI line 12c | Annually, each member of the Board signs off regarding their involvement with any conflicts of interest related to the Organization. If a conflict should arise, it is discussed and resolved at the next Board meeting. |
| CEO executive director top management comp Part VI line 15a | The Director creates a budget that accounts for all overhead expenses and then determines compensation based on remaining funds. Compensation is less than what public school teachers in the NJ and PA area earn. The Board reviews and approves the proposed budgets and compensation numbers annually. The Board also approves employment contracts that reflect the compensation levels included in the proposed budgets. |
| Other officer or key employee compensation Part VI line 15b | The Director creates a budget that accounts for all overhead expenses and then determines compensation based on remaining funds. Compensation is less than what public school teachers in the NJ and PA area earn. The Board reviews and approves the proposed budgets and compensation numbers annually. The Board also approves employment contracts that reflect the compensation levels included in the proposed budget. |
| Governing documents etc available to public Part VI line 19 | The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request within 72 hours. |
| Explanation of other changes in net assets or fund balances Part XI line 9 | A $5,000 restricted donation was not recorded as revenue but was added to the balance sheet as Net Assets With Donor Restrictions. |
| General explanation attachment | Part 1 Line 1-Additional Description of Organization Mission-The Learning Company operates centers that support teens to create personalized education based on their interests, strenghts and goals. |
Comments