2014-11-14T08:25:15-06:00 2014-06-30 208014049 STONE & COMPANY LLC 57 BEDFORD ST STE 225 LEXINGTON MA 024204443 990 2013-07-01 042525467 THE LEARNING PROJECT INC LEAR 6172668427 107 MARLBOROUGH STREET BOSTON MA 02116 MICHAEL MCCORD HEAD OF SCHOOL 6172668427 2014-10-23 1 MATTHEW P STONE CPA P00034719 7818636300 2014-10-23 2013 2015-11-30 17:44:51Z MICHAEL MCCORD 107 MARLBOROUGH STREET BOSTON MA 02116 3005028 0 X LEARNINGPROJECT.ORG X 1973 MA EDUCATIONAL INSTRUCTION GRADES K-6. 22 22 47 0 0 0 442965 452465 2324349 2343547 47022 58996 53933 44488 2868269 2899496 380715 333275 0 0 1847536 1858017 0 0 43311 391574 431368 2619825 2622660 248444 276836 5470235 6479683 923016 961109 4547219 5518574 EDUCATIONAL INSTRUCTION GRADES K-6 0 0 2034716 333275 2343547 ELEMENTARY SCHOOL PROGRAMS FOR 117 STUDENTS IN GRADES K-6. THE SCHOOL HAS HIGH ACADEMIC EXPECTATIONS, BROAD DIVERSITY AND A STRONG SENSE OF COMMUNITY. 2034716 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 8 0 1 47 1 0 0 0 0 0 1 1 0 0 0 0 X 22 22 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X ELISABETH MCCORD 6172668427 107 MARLBOROUGH STREET BOSTON MA 02116 CARL PRINDLE TRUSTEE CHAIR 2.00 X X 0 0 0 MICHELLE DAVIS TRUSTEE MEMBER AT LARGE 2.00 X 0 0 0 JIM DUANE TRUSTEE MEMBER AT LARGE 2.00 X 0 0 0 ROBERT FORTES TRUSTEE MEMBER AT LARGE 2.00 X 0 0 0 LINDA BOSSE TRUSTEE MEMBER AT LARGE 2.00 X 0 0 0 IRA GOLDKLANG TRUSTEE MEMBER AT LARGE 2.00 X 0 0 0 KATRINA GRIGG-SAITO TRUSTEE ALUMNI MEMBER 2.00 X 0 0 0 DORCAS GRIGG-SAITO TRUSTEE MEMBER AT LARGE 2.00 X 0 0 0 JIM BORDEWICK TRUSTEE MEMBER AT LARGE 2.00 X 0 0 0 GAIL EAGAN TRUSTEE PARENT MEMBER 2.00 X 0 0 0 WILL CRAWFORD TRUSTEE CLERK 2.00 X X 0 0 0 KATE POKORNY TRUSTEE ALUMNI MEMBER 2.00 X 0 0 0 JOHN AQUINO TRUSTEE MEMBER AT LARGE 2.00 X 0 0 0 RICK BOROVOY TRUSTEE PARENT MEMBER 2.00 X 0 0 0 JAMES HACKNEY TRUSTEE MEMBER AT LARGE 2.00 X 0 0 0 JOHN NELSON TRUSTEE TREASURER 2.00 X X 0 0 0 JILL HATTON TRUSTEE MEMBER AT LARGE 2.00 X 0 0 0 PAT BENZIE TRUSTEE MEMBER AT LARGE 2.00 X 0 0 0 HOWARD GALLIGAN TRUSTEE MEMBER AT LARGE 2.00 X 0 0 0 NED GRAY TRUSTEE MEMBER AT LARGE 2.00 X 0 0 0 THATIANA GIBSON TRUSTEE PARENT MEMBER 2.00 X 0 0 0 ALICIA TOWNS FRANKEN TRUSTEE PARENT MEMBER 2.00 X 0 0 0 MICHAEL MCCORD HEAD OF SCHOOL 40.00 X 146150 0 21473 ELISABETH MCCORD BUSINESS MANAGER 40.00 X 83749 0 9848 229899 0 31321 1 0 1 0 0 452465 72691 452465 TUITION 611710 2323968 2323968 MISCELLANEOUS 900099 17320 17320 APPLICATION FEES 611710 2259 2259 2343547 58177 58177 84336 83517 819 819 819 66503 22015 44488 44488 2899496 2343547 0 103484 333275 333275 270976 83812 187164 1276533 1096375 148283 31875 77291 66163 8419 2709 122307 104028 14192 4087 110910 85591 22986 2333 34757 34757 18256 1770 14344 2142 56410 7310 49100 4153 409 3744 27000 27000 67883 60749 7134 24136 6036 17935 165 REPAIRS & MAINTENANCE 96183 76946 19237 EQUIPMENT, SUPPLIES AND 53918 49507 4411 SCHOOL FUNCTIONS AND OU 20031 20031 UTILITIES 16569 13255 3314 12072 2459 9613 2622660 2034716 544633 43311 1151351 1461195 8232 7659 2457 2124 9456 23098 1471749 1064279 462358 407470 3836381 4578137 5470235 6479683 200739 178057 722277 783052 923016 961109 X 3726729 4476669 394494 557609 425996 484296 4547219 5518574 5470235 6479683 276836 694519 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 0 PART II-B, LINE 1: THE SCHOOL BELONGS TO MEMBER ORGANIZATIONS, WHICH MAY ENGAGE IN LOBBYING ACTIVITIES. SOME PORTION OF MEMBERSHIP DUES MAY BE UTILIZED FOR LOBBYING ACTIVITIES. 2862630 83300 559624 14672 3490882 2327916 156900 392364 14550 2862630 2319473 24100 -1661 13975 2327937 1902898 22100 408138 13663 2319473 1657909 24600 233815 13426 1902898 0.75160 0.13870 0.10970 0 0 949875 648950 300925 310132 232599 77533 143200 114188 29012 68542 68542 0 407470 X 3282755 694519 22015 716534 2566221 333275 333275 2899496 2311400 22015 22015 2289385 333275 333275 2622660 PART X, LINE 2: THE SCHOOL ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES ASSESSED, IF ANY, ARE ACCRUED AS INCOME TAX EXPENSE. THE SCHOOL HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AS ITS ONLY SIGNIFICANT TAX POSITION; HOWEVER, THE SCHOOL HAS DETERMINED THAT SUCH A TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE SCHOOL IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. THE SCHOOL'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, FOR THE YEARS ENDED JUNE 30, 2011, 2012 AND 2013 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THE RETURNS ARE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS AND ACTIVITIES DIRECT EXPENSES 22,015. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 333,275. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS AND ACTIVITIES DIRECT EXPENSES 22,015. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 333,275. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL ANNUALLY PUBLISHES A NOTICE OF ITS NON-DISCRIMINATION POLICY IN THE BOSTON GLOBE, A NEWSPAPER OF GENERAL CIRCULATION THAT SERVES ALL RACIAL SEGMENTS OF THE COMMUNITY. SRING EVENT 57352 57352 21485 BOOK FAIR 7950 7950 530 1 1201 1201 0 66503 66503 22015 22015 44488 1 TUITION ASSISTANCE OR SCHOLARSHIP AWARDS. 22 333275 FAIR MARKET VALUE OF PUBLISHED TUITION RATES TUITION ASSISTANCE AND SCHOLARSHIP AWARDS. PART I, LINE 2: THE LEARNING PROJECT USES THE SCHOOL SCHOLARSHIP SERVICE IN PRINCETON, NEW JERSEY, WHICH PROCESSES ALL TUITION ASSISTANCE APPLICATIONS. THE SCHOOL SCHOLARSHIP SERVICE THEN SENDS THEIR EVALUATION AND A TUITION ASSISTANCE COMMITTEE OF THE LEARNING PROJECT BOARD OF TRUSTEES MAKES THE FINAL RECOMMENDATION. TUITION ASSISTANCE GRANTS ARE BASED ON THE ASSESSMENT OF NEED AND ON FUNDS AVAILABLE. X X X X X 0 0 0 0 0 0 0 0 0 MICHAEL MCCORD HEAD OF SCHOOL 146150 0 0 0 0 0 0 0 21473 0 167623 0 0 0 X 4 72691 MARKET VALUE OF SECURITY 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 THE HEAD OF THE SCHOOL MICHAEL MCCORD AND THE BUSINESS MANAGER OF THE SCHOOL ELISABETH MCCORD ARE HUSBAND AND WIFE. MR. MCCORD ALSO SERVES AS AN EX-OFFICIO NON-VOTING MEMBER OF THE BOARD OF TRUSTEES OF THE SCHOOL. FORM 990, PART VI, SECTION A, LINE 6 THE LEARNING PROJECT IS A MEMBERSHIP ORGANIZATION, THE MEMBERS OF THE BOARD OF TRUSTEES THEN IN OFFICE SHALL BE THE MEMBERS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE BOARD OF TRUSTEES THEN IN OFFICE SHALL BE THE MEMBERS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE FORM 990 WAS PRESENTED TO THE GOVERNING BODY FOR COMMENTS AND QUESTIONS BEFORE THE RETURN WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C UPON ELECTION TO THE BOARD, AND ANNUALLY THEREAFTER DURING HIS OR HER TERM, EACH TRUSTEE COMPLETES A CONFLICT OF INTEREST POLICY STATEMENT. EACH COMPLETED STATEMENT IS REVIEWED AND RETAINED BY THE BOARD TO ENSURE COMPLIANCE WITH THIS POLICY'S RESTRAINTS ON PARTICIPATION. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD'S REVIEW AND COMPENSATION COMMITTEE CONDUCTS A PERFORMANCE REVIEW WITH THE HEAD OF SCHOOL, REVIEWS DATA ON THE COMPENSATION OF HEADS OF COMPARABLE INDEPENDENT SCHOOLS IN MASSACHUSETTS, AND REPORTS ITS FINDINGS TO THE FULL BOARD WITH A RECOMMENDED COMPENSATION FOR THE HEAD. MINUTES OF THE MEETINGS ARE RETAINED. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE ONLINE FOR VIEWING AT WWW.GUIDESTAR.ORG, A WEBSITE USED TO RATE NON-PROFITS FOR POTENTIAL DONORS. THE ORGANIZATIONS FINANCIAL STATEMENTS ARE ALSO AVAILABLE THROUGH THE MASSACHUSETTS ATTORNEY GENERAL'S DIVISION OF PUBLIC CHARITIES WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE ONLINE FOR VIEWING AT WWW.GUIDESTAR.ORG, A WEBSITE USED TO RATE NON-PROFITS FOR POTENTIAL DONORS. THE ORGANIZATIONS FINANCIAL STATEMENTS ARE ALSO AVAILABLE THROUGH THE MASSACHUSETTS ATTORNEY GENERAL'S DIVISION OF PUBLIC CHARITIES WEBSITE. FORM 990, PART XII, LINE 2C: NO CHANGE IN PROCESS FROM THE PRIOR YEAR.