2018-05-14T14:41:30-05:00 2017-06-30 223271712 MERCADIEN PC PO BOX 7648 PRINCETON NJ 085437648 990 2016-07-01 273328809 THE LEARNING COMPANY LEAR 6098512522 315 W MAPLE AVENUE LANGHORNE PA 19047 HOLLY L SABO TREASURER 6098512522 2018-05-14 1 HOLLY L SABO CPA P00616782 6096899700 2016 2022-09-23 18:48:47Z JOEL HAMMON 315 W MAPLE AVENUE LANGHORNE PA 19047 681200 0 X WWW.LEARNINGCOOPERATIVES.ORG X 2010 PA THE LEARNING COMPANY OPERATES CENTERS THAT HELPS TEENAGERS LIVE AND LEARN WITHOUT SCHOOL BY SUPPORTING TEENS TO CREATE PERSONALIZED EDUCATIONS BASED ON THEIR INTERESTS, STRENGTHS AND GOALS. 6 6 7 45 0 0 16359 74361 483376 603000 0 874 -809 1897 498926 680132 179260 278835 0 0 227304 262125 0 0 14545 66373 69450 472937 610410 25989 69722 129971 203773 23001 30400 106970 173373 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 NEW JERSEY AND PENNSYLVANIA. 0 0 489645 278835 603000 THE LEARNING COMPANY OFFERS CLASSES, TUTORING, MENTORING, HELP FINDING VOLUNTEER AND WORK OPPORTUNITIES, HELP WITH COLLEGE ADMISSIONS AND A SAFE AND WELCOMING SPACE FOR TEENS TO WORK AND SOCIALIZE. WE CURRENTLY OPERATE PRINCETON LEARNING COOPERATIVE IN PRINCETON, NEW JERSEY AND BUCKS LEARNING COOPERATIVE IN LANGHORNE, PENNSYLVANIA. WE PLAN TO OPEN RARITAN LEARNING COOPERATIVE IN 2018 IN FLEMINGTON, NEW JERSEY. 489645 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 PA NJ X JOEL HAMMON 6098512522 315 W MAPLE AVENUE LANGHORNE PA 19047 ROB AMBROGI PRESIDENT 1.00 X X 0 0 0 JOEL HAMMON CO-DIRECTOR 40.00 X 51786 0 0 PAUL SCUTT CO-DIRECTOR 40.00 X 53571 0 0 JULIE HORIGAN VICE PRESIDENT 1.00 X X 0 0 0 CHRISTIE MCDADE SECRETARY 1.00 X X 0 0 0 HOLLY SABO TREASURER 1.00 X X 0 0 0 CHRIS COSTA TRUSTEE 1.00 X 0 0 0 DAVID DIMICCO TRUSTEE 1.00 X 0 0 0 105357 0 0 0 0 0 0 0 74361 38946 74361 TUITION 611710 600600 600600 CONSULTING 611710 2400 2400 603000 874 874 2965 0 2965 2965 2965 0 1068 -1068 -1068 680132 603000 0 2771 278835 278835 105358 63393 36697 5268 134281 73489 52978 7814 3600 2700 720 180 18886 11214 6610 1062 150 75 75 1267 1267 6848 5488 1360 43013 38712 4301 140 140 1155 1155 8910 8019 891 TELEPHONE 2541 2541 REGISTRATION 2367 2367 PRINTING AND COPYING 2051 1641 205 205 WEBSITE 426 426 582 550 16 16 610410 489645 106220 14545 102264 139325 11799 5729 52397 13208 2700 6322 129971 203773 3744 3373 19257 27027 23001 30400 X 106970 173373 106970 173373 129971 203773 X 69722 -4971 1652 X 0 1 X 1 0 X 24685 33710 22066 16359 74361 171181 246710 320185 388235 551716 600600 2107446 271395 353895 410301 568075 674961 2278627 0 0 0 2278627 874 874 874 874 271395 353895 410301 568075 675835 2279501 0.99960 1.00000 0.00040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 401895 -4970 4500 1068 598 401297 278835 278835 680132 337143 4500 1068 5568 331575 278835 278835 610410 PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 1,068. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION REDUCTION 278,835. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 1,068. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION REDUCTION 278,835. 1 TUITION WAIVER 41 278835 FMV TUITION WAIVER PART I, LINE 2: ALL GRANTS ARE IN THE FORM OF NON-CASH TUITION REDUCTION BENEFITS TO PARTICIPANTS IN THE PROGRAM BASED ON NEED. EMPLOYEE 11600 TUITION ASSISTANCE TUITION ASSISTANCE IS PROVIDED BASED ON NEED TO ALL CHILDREN X 1 38946 AVERAGE TRADE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZAITON'S FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND A DRAFT OF THE FORM 990 IS PROVIDED TO THE TREASURER WHO WILL REVIEW THE FORM 990. AT THE NEXT BOARD MEETING, EACH MEMBER OF THE BOARD IS GIVEN A COPY OF THE FORM 990 AND THE TREASURER, ALONG WITH THE CO-DIRECTOR, GOES OVER THE FORM 990 ANSWERING ANY QUESTIONS THE BOARD MEMBERS MAY HAVE. THE BOARD THEN VOTES TO APPROVE THE FORM 990 OR TO SEND IT BACK FOR REVISIONS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE BOARD SIGNS OFF THAT EACH MEMBER IS NOT INVOLVED WITH A CONFLICT OF INTEREST RELATED TO THE ORGANIZATION. IF A CONFLICT SHOULD ARISE, IT WILL BE DISCUSSED AT THE NEXT BOARD MEETING AND RESOLVED. FORM 990, PART VI, SECTION B, LINE 15 THE CO-DIRECTORS CREATED A BUDGET THAT ACCOUNTED FOR ALL OVERHEAD EXPENSES FIRST AND THEN WERE ABLE TO DETERMINE COMPENSATION ON WHAT MONEY WAS LEFT OVER. THE COMPENSATION WAS WELL BELOW WHAT TEACHERS IN THE PA AND NJ AREA MAKE 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 NUMBERS INCLUDED IN THE PROPOSED BUDGETS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST WITHIN 72 HOURS. FORM 990, PART XI, LINE 9: OPENING BALANCE AUDIT ADJUSTMENTS 1,652.