2021-05-12T09:16:27-04:00 2020-06-30 Jay Aronowitz CPA 49 Independence Drive Monroe Township NJ 08831 990 2019-07-01 273328809 The Learning Company LEAR 315 West Maple Avenue Langhorne PA 19047 Joye Nagle Treasurer 6098512522 2021-04-16 true Jay Aronowitz P00086337 6096193038 2021-05-12 X 2019 2022-09-23 18:48:47Z 683193 false X www.learningcooperatives.org X 2010 PA 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 various communities in 8 8 9 45 0 0 39633 33455 817818 643326 6406 3862 2620 2550 866477 683193 364080 241118 0 366042 378433 0 16260 115644 124706 845766 744257 20711 -61064 177227 183114 17723 82618 159504 100496 X 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 various communities in false false 597444 241118 646772 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 Coopeartive in Princeton, New Jersey, Bucks Learning Cooperative in Langhorne, Pennsylvania and Raritan Learning Cooperative in Flemington, New Jersey. 597444 true true false false false false false false false false false false false true false false true false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false true 0 0 true 9 true false false false false false false false false false false false false false X 8 8 false false false false false false false true true false false true true true true false false true true false NJ PA X Joel Hammon 6098512522 315 West Maple Avenue Langhorne PA 19047 Christie McDade President 1.00 0.00 X X 0 0 0 Charles Kruger Vice President 1.00 0.00 X X 0 0 0 Holly Sabo Treasurer 1.00 0.00 X X 0 0 0 Patrick Sullivan Secretary 1.00 0.00 X X 0 0 0 Kate Daly Trustee 1.00 0.00 X 0 0 0 David DiMicco Trustee 1.00 0.00 X 0 0 0 Shelby Roberts Trustee 1.00 0.00 X 0 0 0 Rob Ambrogi Trustee 1.00 0.00 X 0 0 0 Joel Hammon Co-Director 40.00 0.00 X 53682 0 0 Paul V Scutt Co-Director 40.00 0.00 X 25283 0 0 78965 0 0 0 false false false 33455 33455 Tuition 611710 643326 643326 643326 3862 3862 2550 2550 2550 2550 683193 643326 0 6412 241118 241118 104244 72659 26373 5212 241621 157521 74504 9596 3600 2160 1260 180 28968 19660 8079 1229 11046 5523 5523 60 30 30 8918 7341 1534 43 75564 68008 7556 16803 15123 1680 Business registrations 4014 4014 Telephone 1851 1851 Bad debts 6450 6450 744257 597444 130553 16260 73038 61428 19858 28882 77419 83285 6912 9519 177227 183114 2198 4218 15525 11825 66575 17723 82618 X 159504 100496 159504 100496 177227 183114 -61064 2056 0 X false true X true false X 16359 74361 40290 38789 32559 202358 551716 600600 696052 811960 643326 3303654 568075 674961 736342 850749 675885 3506012 3506012 874 1634 3298 3862 9668 874 1634 3298 3862 9668 568075 675835 737976 854047 679747 3515680 0.99730 0.99820 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Prepaid Expenses 5319 Security Deposit 4200 9519 448631 2056 4500 6556 442075 241118 241118 683193 507639 4500 4500 503139 241118 241118 744257 Other revenues included on Form 990 (Part XI, line 4b) Tuition Reduction Other expenses included on Form 990 (Part XII, line 4b) Tuition Reduction true Tuition Waiver 241118 FMV Tuition Waiver Monitoring procedures (Part I, line 2) All grants are in the form of non-cash tuition reduction benefits to participants in the program based on need. 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 Co-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 Co-Directors create a budget that accounts for all overhead expenses and then determine compensation based on remaining funds. Compensation is well below what teachers in the NJ and PA area earn and are also lower than compensation at similar non-traditional educational institutions. 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 Co-Directors create a budget that accounts for all overhead expenses and then determine compensation based on remaining funds. Compensation is well below what teachers in the NJ and PA area earn and are also lower than compensation at similar non-traditional educational institutions. 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. 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. Part III response or note to any other line in Part III Form 990 Part III, Line 1, Description of Organization Mission (continued): New Jersey and Pennsylvania General explanation attachment Part 1 Line 1-Additional Description of Organization Mission-The Learning Company operates centers that help teenagers live and learn without school by supporting teens to create personalized education based on their interests, strenghts and goals.