﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2012v2.1">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2014-08-19T08:28:36-05:00</Timestamp>
    <TaxPeriodEndDate>2013-09-30</TaxPeriodEndDate>
    <PreparerFirm>
      <EIN>271728945</EIN>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>O'CONNOR DAVIES LLP</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>500 MAMARONECK AVENUE</AddressLine1>
        <City>HARRISON</City>
        <State>NY</State>
        <ZIPCode>105281633</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990EZ</ReturnType>
    <TaxPeriodBeginDate>2012-10-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>133522487</EIN>
      <Name>
        <BusinessNameLine1>THE LEARNING TEAM</BusinessNameLine1>
      </Name>
      <NameControl>LEAR</NameControl>
      <Phone>9148828110</Phone>
      <USAddress>
        <AddressLine1>4 PIPING BROOK LANE</AddressLine1>
        <City>BEDFORD</City>
        <State>NY</State>
        <ZIPCode>10506</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>LAURIE KREINDLER</Name>
      <Title>VICE PRESIDENT</Title>
      <Phone>9148828110</Phone>
      <DateSigned>2014-04-24</DateSigned>
      <AuthorizeThirdParty>1</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>TIMOTHY DESMOND</Name>
      <PTIN>P01507856</PTIN>
      <Phone>9143818900</Phone>
      <DatePrepared>2014-08-15</DatePrepared>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2015-11-30 17:44:51Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="6">
    <IRS990EZ documentId="RetDoc1234200001" referenceDocumentId="RetDoc1051800001 RetDoc2278000001">
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <WebSite>N/A</WebSite>
      <Organization501c3 referenceDocumentId="RetDoc1039100001">X</Organization501c3>
      <GrossReceipts>22500</GrossReceipts>
      <InfoInScheduleOPartI>X</InfoInScheduleOPartI>
      <ContributionsGiftsGrantsEtc>22500</ContributionsGiftsGrantsEtc>
      <TotalRevenue>22500</TotalRevenue>
      <FeesAndOthPymtToIndContractors>16778</FeesAndOthPymtToIndContractors>
      <OccupancyRentUtilitiesAndMaint>1164</OccupancyRentUtilitiesAndMaint>
      <OtherExpensesTotal>1111</OtherExpensesTotal>
      <TotalExpenses>19053</TotalExpenses>
      <ExcessOrDeficitForYear>3447</ExcessOrDeficitForYear>
      <NetAssetsOrFundBalancesBOY>-183406</NetAssetsOrFundBalancesBOY>
      <OtherChangesInNetAssets>0</OtherChangesInNetAssets>
      <NetAssetsOrFundBalancesEOY>-179959</NetAssetsOrFundBalancesEOY>
      <InfoInScheduleOPartII>X</InfoInScheduleOPartII>
      <CashSavingsAndInvestments>
        <BOY>422</BOY>
        <EOY>5422</EOY>
      </CashSavingsAndInvestments>
      <OtherAssetsTotal>
        <BOY>2422</BOY>
        <EOY>869</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>2844</BOY>
        <EOY>6291</EOY>
      </TotalAssets>
      <SumOfTotalLiabilities>
        <BOY>186250</BOY>
        <EOY>186250</EOY>
      </SumOfTotalLiabilities>
      <NetAssetsOrFundBalances>
        <BOY>-183406</BOY>
        <EOY>-179959</EOY>
      </NetAssetsOrFundBalances>
      <InfoInScheduleOPartIII>X</InfoInScheduleOPartIII>
      <PrimaryExemptPurpose>THE LEARNING TEAM, INC. IS DEDICATED TO THE IMPROVEMENT IN THE QUALITY OF MATH &amp; SCIENCE EDUCATION OF CHILDREN THROUGHOUT THE ENGLISH SPEAKING WORLD. IT CREATES AND DISSEMINATES ADVANCED EDUCATIONAL SOFTWARE IN CONJUNCTION WITH EDUCATORS AND INSTITUTIONS.</PrimaryExemptPurpose>
      <ProgramServiceAccomplishment>
        <DescriptionProgramServiceAccom>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>
        <GrantsAndAllocations>0</GrantsAndAllocations>
        <ProgramServiceExpenses>1553</ProgramServiceExpenses>
      </ProgramServiceAccomplishment>
      <TotalProgramServiceExpenses>1553</TotalProgramServiceExpenses>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>THOMAS LASTER</PersonName>
        <Title>EXEC. DIRECTOR</Title>
        <AvgHoursPerWkDevotedToPosition>2.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
        <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
        <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>LAURIE KREINDLER</PersonName>
        <Title>VP</Title>
        <AvgHoursPerWkDevotedToPosition>2.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
        <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
        <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>JIM FIRMAN</PersonName>
        <Title>DIRECTOR</Title>
        <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
        <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
        <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
      </OfficerDirectorTrusteeKeyEmpl>
      <InfoInScheduleOPartV>X</InfoInScheduleOPartV>
      <ActivitiesNotPreviouslyRpt>0</ActivitiesNotPreviouslyRpt>
      <MadeChangesToOrgnzngEtcDoc>0</MadeChangesToOrgnzngEtcDoc>
      <OrganizationHadUBI>0</OrganizationHadUBI>
      <SubjectToProxyTax>0</SubjectToProxyTax>
      <OrganizationDissolvedEtc>0</OrganizationDissolvedEtc>
      <DirectIndirectPoliticalExpend>0</DirectIndirectPoliticalExpend>
      <MadeLoansToFromOfficers>1</MadeLoansToFromOfficers>
      <LoansToFromOfficers referenceDocumentId="RetDoc1042800001">182756</LoansToFromOfficers>
      <TaxImposedUnderIRC4911>0</TaxImposedUnderIRC4911>
      <TaxImposedUnderIRC4912>0</TaxImposedUnderIRC4912>
      <TaxImposedUnderIRC4955>0</TaxImposedUnderIRC4955>
      <EngagedInExcessBenefitTrans referenceDocumentId="RetDoc1042800001">0</EngagedInExcessBenefitTrans>
      <AmountOfTaxImposedOnOrgMgr>0</AmountOfTaxImposedOnOrgMgr>
      <AmountOfTaxReimbursedByOrg>0</AmountOfTaxReimbursedByOrg>
      <ProhibitedTaxShelterTrans>0</ProhibitedTaxShelterTrans>
      <StatesWhereCopyOfReturnIsFiled>NY</StatesWhereCopyOfReturnIsFiled>
      <TheBooksAreInCareOf>
        <NameBusiness>
          <BusinessNameLine1>LAURIE KREINDLER</BusinessNameLine1>
        </NameBusiness>
        <AddressUS>
          <AddressLine1>4 PIPING BROOK LANE</AddressLine1>
          <City>BEDFORD</City>
          <State>NY</State>
          <ZIPCode>10506</ZIPCode>
        </AddressUS>
        <TelephoneNumber>9148828110</TelephoneNumber>
      </TheBooksAreInCareOf>
      <ForeignFinancialAccount>0</ForeignFinancialAccount>
      <ForeignOffice>0</ForeignOffice>
      <MaintainAnyDonorAdvisedFunds>0</MaintainAnyDonorAdvisedFunds>
      <DoesOrgHaveHospital>0</DoesOrgHaveHospital>
      <TanningServicesProvided>0</TanningServicesProvided>
      <RelatedOrgControlledEntity>0</RelatedOrgControlledEntity>
      <EngagePoliticalCmpgnActivities>0</EngagePoliticalCmpgnActivities>
      <EngageInLobbyingActivities>0</EngageInLobbyingActivities>
      <OperatingSchool>0</OperatingSchool>
      <TrnsfrsExemptNonCharRelatedOrg>0</TrnsfrsExemptNonCharRelatedOrg>
      <PartVIOfCompOfHighestPaidEmpl>NONE</PartVIOfCompOfHighestPaidEmpl>
      <PartVIAHghstPaidCntrctProfSer>NONE</PartVIAHghstPaidCntrctProfSer>
      <FiledScheduleA>1</FiledScheduleA>
    </IRS990EZ>
    <IRS990ScheduleA documentId="RetDoc1039100001">
      <PubliclySupportedOrg509a2>X</PubliclySupportedOrg509a2>
      <GiftsGrantsContribReceived509>
        <CurrentTaxYearMinus4Years>65000</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>21000</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>17417</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>22200</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>22500</CurrentTaxYear>
        <Total>148117</Total>
      </GiftsGrantsContribReceived509>
      <GrossReceiptsFromAdmissions>
        <CurrentTaxYearMinus4Years>23582</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>25029</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>18545</CurrentTaxYearMinus2Years>
        <Total>67156</Total>
      </GrossReceiptsFromAdmissions>
      <Total509>
        <CurrentTaxYearMinus4Years>88582</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>46029</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>35962</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>22200</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>22500</CurrentTaxYear>
        <Total>215273</Total>
      </Total509>
      <AmtsRecdFromDisqualPersons>
        <CurrentTaxYearMinus4Years>60000</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>21000</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>15000</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>22200</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>22500</CurrentTaxYear>
        <Total>140700</Total>
      </AmtsRecdFromDisqualPersons>
      <AmtsFromSubstContributors>
        <Total>0</Total>
      </AmtsFromSubstContributors>
      <SupportFromDQPsEtc>
        <CurrentTaxYearMinus4Years>60000</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>21000</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>15000</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>22200</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>22500</CurrentTaxYear>
        <Total>140700</Total>
      </SupportFromDQPsEtc>
      <PublicSupportTotal509>74573</PublicSupportTotal509>
      <GrossInvestmentIncome509>
        <CurrentTaxYearMinus4Years>41</CurrentTaxYearMinus4Years>
        <Total>41</Total>
      </GrossInvestmentIncome509>
      <InvestmentIncomeAndUBTI>
        <CurrentTaxYearMinus4Years>41</CurrentTaxYearMinus4Years>
        <Total>41</Total>
      </InvestmentIncomeAndUBTI>
      <OtherIncome509>
        <CurrentTaxYearMinus4Years>1390</CurrentTaxYearMinus4Years>
        <Total>1390</Total>
      </OtherIncome509>
      <TotalSupportTotal>
        <CurrentTaxYearMinus4Years>90013</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>46029</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>35962</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>22200</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>22500</CurrentTaxYear>
        <Total>216704</Total>
      </TotalSupportTotal>
      <PublicSupportPercentage509>0.34410</PublicSupportPercentage509>
      <PriorYearSupportPercentage>0.46070</PriorYearSupportPercentage>
      <InvestmentIncomePercentage>0.00020</InvestmentIncomePercentage>
      <PriorYrInvestIncomePercentage>0.00040</PriorYrInvestIncomePercentage>
      <ThirtyThreePercntTestsCY509>X</ThirtyThreePercntTestsCY509>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleL documentId="RetDoc1042800001">
      <LoanTable>
        <NamePerson>THOMAS LASTER</NamePerson>
        <PurposeOfLoan>FOR EXPENSES OF THE ENTITY INCURRED IN PERFORMANCE OF ITS PRIMARY PURPOSE.</PurposeOfLoan>
        <LoanToOrganization>X</LoanToOrganization>
        <OriginalPrincipalAmount>182756</OriginalPrincipalAmount>
        <BalanceDue>182756</BalanceDue>
        <Default>0</Default>
        <ApprovedByBoard>1</ApprovedByBoard>
        <WrittenAgreement>0</WrittenAgreement>
      </LoanTable>
      <TotalBalanceDue>182756</TotalBalanceDue>
    </IRS990ScheduleL>
    <IRS990ScheduleO documentId="RetDoc1051800001">
      <GeneralExplanation>
        <Identifier>OCCUPANCY, RENT, UTILITIES AND MAINTENENCE</Identifier>
        <ReturnReference>FORM 990-EZ, PART I, LINE 14</ReturnReference>
        <Explanation>DESCRIPTION: DEPRECIATION. AMOUNT: 1,164.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>OTHER EXPENSES</Identifier>
        <ReturnReference>FORM 990-EZ, PART I, LINE 16</ReturnReference>
        <Explanation>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.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>OTHER ASSETS</Identifier>
        <ReturnReference>FORM 990-EZ, PART II, LINE 24</ReturnReference>
        <Explanation>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.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>OTHER LIABILITIES</Identifier>
        <ReturnReference>FORM 990-EZ, PART II, LINE 26</ReturnReference>
        <Explanation>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.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <TransferPrsnlBnftContractsDecl documentId="RetDoc2278000001">
      <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>
    </TransferPrsnlBnftContractsDecl>
  </ReturnData>
</Return>