2017-05-15T11:17:09-05:00 2016-06-30 223271712 MERCADIEN PC PO BOX 7648 PRINCETON NJ 085437648 990 2015-07-01 273328809 THE LEARNING COMPANY LEAR 6098512522 315 W MAPLE AVENUE LANGHORNE PA 19047 HOLLY L SABO TREASURER 6098512522 2017-05-15 1 HOLLY L SABO CPA P00616782 6096899700 2015 2021-01-29 14:40:06Z JOEL HAMMON 315 W MAPLE AVENUE LANGHORNE PA 19047 499735 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 8 26 0 0 22066 16359 388235 483376 0 0 -1485 -809 408816 498926 136760 179260 0 0 208477 227304 0 0 11743 57147 66373 402384 472937 6432 25989 120757 129971 39776 23001 80981 106970 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 377783 179260 483376 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 SEPTEMBER OF 2017 IN FLEMINGTON, NEW JERSEY. 377783 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 8 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 CHRIS COSTA PRESIDENT 1.00 X X 0 0 0 JOEL HAMMON CO-DIRECTOR 40.00 X 49547 0 0 PAUL SCUTT CO-DIRECTOR 40.00 X 51219 0 0 JULIE HORIGAN VICE PRESIDENT 1.00 X X 0 0 0 SCOTT GALLAGHER SECRETARY 1.00 X X 0 0 0 HOLLY SABO TREASURER 1.00 X X 0 0 0 ROB AMBROGI TRUSTEE 1.00 X 0 0 0 KIETHA BIGGERS TRUSTEE 1.00 X 0 0 0 DEREK SMITH TRUSTEE 1.00 X 0 0 0 DAVID DIMICCO TRUSTEE 1.00 X 0 0 0 100766 0 0 0 0 0 0 0 500 15859 11095 16359 TUITION 611710 481716 481716 CONSULTING 611710 1660 1660 483376 0 500 809 -809 -809 498926 483376 0 -809 179260 179260 100678 60583 35061 5034 100404 61815 33364 5225 3600 2700 720 180 4287 2787 1286 214 18335 10887 6417 1031 947 947 8427 7669 758 42768 38491 4277 602 602 696 696 8386 7547 839 TELEPHONE 2801 2801 WEBSITE 487 487 PRINTING AND COPYING 429 343 43 43 REGISTRATION 355 355 475 168 291 16 472937 377783 83411 11743 100244 102264 13925 11799 5088 13208 1500 2700 120757 129971 484 3744 39292 19257 39776 23001 X 80981 106970 80981 106970 120757 129971 25989 0 X 0 0 0 X 28432 24685 33710 22066 16359 125252 7600 246710 320185 388235 551716 1514446 36032 271395 353895 410301 568075 1639698 0 0 0 1639698 36032 271395 353895 410301 568075 1639698 1.00000 1.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DONATED STOCK 13208 C 13208 1 TUITION WAIVER 33 179260 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. BOARD MEMBERS 23400 TUITION ASSISTANCE TUITION ASSISTANCE IS PROVIDED BASED ON NEED TO ALL CHILDREN EMPLOYEE 9600 TUITION ASSISTANCE TUITION ASSISTANCE IS PROVIDED BASED ON NEED TO ALL CHILDREN FORM 990, PART VI, SECTION B, LINE 11 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.