LEARNING TEAM INC: Form 990EZ, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- LEARNING TEAM INC (EIN 13-3522487)
- Tax period
- 2012-10-01 to 2013-09-30
- Filed
- 2014-08-19
- IRS object ID
- 201432319349200503
- Schema version
- 2012v2.1
- 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) |
|---|---|---|
| Timestamp | 2014-08-19T08:28:36-05:00 | Timestamp |
| Tax Period End Date | 2013-09-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 271728945 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | O'CONNOR DAVIES LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 MAMARONECK AVENUE | AddressLine1 |
| City | HARRISON | City |
| State | NY | State |
| ZIP Code | 105281633 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990EZ | ReturnType |
| Tax Period Begin Date | 2012-10-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 133522487 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE LEARNING TEAM | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | LEAR | NameControl |
| Phone | 9148828110 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4 PIPING BROOK LANE | AddressLine1 |
| City | BEDFORD | City |
| State | NY | State |
| ZIP Code | 10506 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LAURIE KREINDLER | Name |
| Title | VICE PRESIDENT | Title |
| Phone | 9148828110 | Phone |
| Date Signed | 2014-04-24 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | TIMOTHY DESMOND | Name |
| PTIN | P01507856 | PTIN |
| Phone | 9143818900 | Phone |
| Date Prepared | 2014-08-15 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990-EZ IRS990EZ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Web Site | N/A | WebSite |
| Organization501c3 | X | Organization501c3 |
| Gross Receipts | 22500 | GrossReceipts |
| Info In Schedule O Part I | X | InfoInScheduleOPartI |
| Contributions Gifts Grants Etc | 22500 | ContributionsGiftsGrantsEtc |
| Total Revenue | 22500 | TotalRevenue |
| Fees And Oth Pymt To Ind Contractors | 16778 | FeesAndOthPymtToIndContractors |
| Occupancy Rent Utilities And Maint | 1164 | OccupancyRentUtilitiesAndMaint |
| Other Expenses Total | 1111 | OtherExpensesTotal |
| Total Expenses | 19053 | TotalExpenses |
| Excess Or Deficit For Year | 3447 | ExcessOrDeficitForYear |
| Net Assets Or Fund Balances BOY | -183406 | NetAssetsOrFundBalancesBOY |
| Other Changes In Net Assets | 0 | OtherChangesInNetAssets |
| Net Assets Or Fund Balances EOY | -179959 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part II | X | InfoInScheduleOPartII |
Cash Savings And Investments CashSavingsAndInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 422 | BOY |
| EOY | 5422 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2422 | BOY |
| EOY | 869 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2844 | BOY |
| EOY | 6291 | EOY |
Sum Of Total Liabilities SumOfTotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 186250 | BOY |
| EOY | 186250 | EOY |
Net Assets Or Fund Balances NetAssetsOrFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -183406 | BOY |
| EOY | -179959 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Primary Exempt Purpose | THE LEARNING TEAM, INC. IS DEDICATED TO THE IMPROVEMENT IN THE QUALITY OF MATH & SCIENCE EDUCATION OF CHILDREN THROUGHOUT THE ENGLISH SPEAKING WORLD. IT CREATES AND DISSEMINATES ADVANCED EDUCATIONAL SOFTWARE IN CONJUNCTION WITH EDUCATORS AND INSTITUTIONS. | PrimaryExemptPurpose |
Program Service Accomplishment ProgramServiceAccomplishment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Program Service Accom | TO PRODUCE AND MARKET CD ROMS WITH VARIOUS SIMULATION PROGRAMS WHICH ALLOW TEACHERS TO EQUIP EACH STUDENT WITH VARIOUS EXPERIMENTAL TECHNIQUES, INTEGRATE THE STUDY OF BIOLOGY, CHEMISTRY AND PHYSICS, VISUALIZE MATH PROBLEMS AND IDENTIFY REMEDIAL NEEDS OF THE STUDENTS. | DescriptionProgramServiceAccom |
| Grants And Allocations | 0 | GrantsAndAllocations |
| Program Service Expenses | 1553 | ProgramServiceExpenses |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | 1553 | TotalProgramServiceExpenses |
Officer Director Trustee Key Empl OfficerDirectorTrusteeKeyEmpl (3 entries)
| TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation | Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc | Expense Account Other AllowancesExpenseAccountOtherAllowances |
|---|---|---|---|---|
| THOMAS LASTER | ||||
| EXEC. DIRECTOR | 2.00 | 0 | 0 | 0 |
| LAURIE KREINDLER | ||||
| VP | 2.00 | 0 | 0 | 0 |
| JIM FIRMAN | ||||
| DIRECTOR | 1.00 | 0 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part V | X | InfoInScheduleOPartV |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRpt |
| Made Changes To Orgnzng Etc Doc | 0 | MadeChangesToOrgnzngEtcDoc |
| Organization Had UBI | 0 | OrganizationHadUBI |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtc |
| Direct Indirect Political Expend | 0 | DirectIndirectPoliticalExpend |
| Made Loans To From Officers | 1 | MadeLoansToFromOfficers |
| Loans To From Officers | 182756 | LoansToFromOfficers |
| Tax Imposed Under IRC4911 | 0 | TaxImposedUnderIRC4911 |
| Tax Imposed Under IRC4912 | 0 | TaxImposedUnderIRC4912 |
| Tax Imposed Under IRC4955 | 0 | TaxImposedUnderIRC4955 |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTrans |
| Amount Of Tax Imposed On Org Mgr | 0 | AmountOfTaxImposedOnOrgMgr |
| Amount Of Tax Reimbursed By Org | 0 | AmountOfTaxReimbursedByOrg |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LAURIE KREINDLER | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4 PIPING BROOK LANE | AddressLine1 |
| City | BEDFORD | City |
| State | NY | State |
| ZIP Code | 10506 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 9148828110 | TelephoneNumber |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Foreign Office | 0 | ForeignOffice |
| Maintain Any Donor Advised Funds | 0 | MaintainAnyDonorAdvisedFunds |
| Does Org Have Hospital | 0 | DoesOrgHaveHospital |
| Tanning Services Provided | 0 | TanningServicesProvided |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Engage Political Cmpgn Activities | 0 | EngagePoliticalCmpgnActivities |
| Engage In Lobbying Activities | 0 | EngageInLobbyingActivities |
| Operating School | 0 | OperatingSchool |
| Trnsfrs Exempt Non Char Related Org | 0 | TrnsfrsExemptNonCharRelatedOrg |
| Part VI Of Comp Of Highest Paid Empl | NONE | PartVIOfCompOfHighestPaidEmpl |
| Part VIA Hghst Paid Cntrct Prof Ser | NONE | PartVIAHghstPaidCntrctProfSer |
| Filed Schedule A | 1 | FiledScheduleA |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 65000 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 21000 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 17417 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 22200 | CurrentTaxYearMinus1Year |
| Current Tax Year | 22500 | CurrentTaxYear |
| Total | 148117 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 23582 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 25029 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 18545 | CurrentTaxYearMinus2Years |
| Total | 67156 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 88582 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 46029 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 35962 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 22200 | CurrentTaxYearMinus1Year |
| Current Tax Year | 22500 | CurrentTaxYear |
| Total | 215273 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 60000 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 21000 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 15000 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 22200 | CurrentTaxYearMinus1Year |
| Current Tax Year | 22500 | CurrentTaxYear |
| Total | 140700 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 60000 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 21000 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 15000 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 22200 | CurrentTaxYearMinus1Year |
| Current Tax Year | 22500 | CurrentTaxYear |
| Total | 140700 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 74573 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 41 | CurrentTaxYearMinus4Years |
| Total | 41 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 41 | CurrentTaxYearMinus4Years |
| Total | 41 | Total |
Other Income509 OtherIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1390 | CurrentTaxYearMinus4Years |
| Total | 1390 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 90013 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 46029 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 35962 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 22200 | CurrentTaxYearMinus1Year |
| Current Tax Year | 22500 | CurrentTaxYear |
| Total | 216704 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.34410 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.46070 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.00020 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.00040 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule L IRS990ScheduleL
Loan Table LoanTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | THOMAS LASTER | NamePerson |
| Purpose Of Loan | FOR EXPENSES OF THE ENTITY INCURRED IN PERFORMANCE OF ITS PRIMARY PURPOSE. | PurposeOfLoan |
| Loan To Organization | X | LoanToOrganization |
| Original Principal | $182,756 | OriginalPrincipalAmount |
| Balance Due | 182756 | BalanceDue |
| Default | 0 | Default |
| Approved By Board | 1 | ApprovedByBoard |
| Written Agreement | 0 | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 182756 | TotalBalanceDue |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| OCCUPANCY, RENT, UTILITIES AND MAINTENENCE | FORM 990-EZ, PART I, LINE 14 | DESCRIPTION: DEPRECIATION. AMOUNT: 1,164. |
| OTHER EXPENSES | FORM 990-EZ, PART I, LINE 16 | DESCRIPTION: OFFICE EXPENSES. AMOUNT: 330. DESCRIPTION: BANK/CREDIT CARD FEES. AMOUNT: 392. DESCRIPTION: AMORTIZATION OF TRADEMARK. AMOUNT: 389. TOTAL TO FORM 990-EZ, LINE 16: 1,111. |
| OTHER ASSETS | FORM 990-EZ, PART II, LINE 24 | DESCRIPTION: TRADEMARK NET OF AMORTIZATION. BEG. OF YEAR AMOUNT: 451. END OF YEAR AMOUNT: 62. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 1,971. END OF YEAR AMOUNT: 807. |
| OTHER LIABILITIES | FORM 990-EZ, PART II, LINE 26 | DESCRIPTION: LOANS PAYABLE. BEG. OF YEAR AMOUNT: 182,756. END OF YEAR AMOUNT: 182,756. DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 3,494. END OF YEAR AMOUNT: 3,494. |
Transfer Prsnl Bnft Contracts Decl TransferPrsnlBnftContractsDecl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Declaration | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. | Declaration |