LEARNING COMPANY: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- LEARNING COMPANY (EIN 27-3328809)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2013-12-13
- IRS object ID
- 201333479349300508
- 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 | 2013-12-13T09:16:56-06:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 223271712 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MERCADIEN PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 7648 | AddressLine1 |
| City | PRINCETON | City |
| State | NJ | State |
| ZIP Code | 085437648 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 273328809 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE LEARNING COMPANY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | LEAR | NameControl |
| Phone | 6098512522 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 453 HAMILTON BLVD | AddressLine1 |
| City | MORRISVILLE | City |
| State | PA | State |
| ZIP Code | 19067 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MAGGIE ROSE | Name |
| Title | TREASURER | Title |
| Phone | 6098512522 | Phone |
| Date Signed | 2013-12-13 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | HOLLY L SABO CPA | Name |
| PTIN | P00616782 | PTIN |
| Phone | 6096899700 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRINCETON LEARNING COOPERATIVE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JOEL HAMMON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 453 HAMILTON BLVD | AddressLine1 |
| City | MORRISVILLE | City |
| State | PA | State |
| ZIP Code | 19067 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 271395 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.PRINCETONLEARNINGCOOPERATIVE.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2010 | YearFormation |
| State Legal Domicile | PA | StateLegalDomicile |
| Activity Or Mission Description | THE ORGANIZATION IS A CENTER THAT MAKES LIVING & LEARNING WITHOUT SCHOOL AN OPTION FOR TEENS BY PROVIDING COMMUNITY AND SUPPORT FOR TEENS TO PURSUE THEIR EDUCATION. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 6 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 6 | NbrIndependentVotingMembers |
| Total Nbr Employees | 4 | TotalNbrEmployees |
| Total Nbr Volunteers | 15 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 28432 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 24685 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 76000 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 246710 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 0 | InvestmentIncomePriorYear |
| Investment Income Current Year | 0 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 2387 | OtherRevenuePriorYear |
| Other Revenue Current Year | -726 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 106819 | TotalRevenuePriorYear |
| Total Revenue Current Year | 270669 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 88600 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 62553 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 127664 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 5235 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 25766 | OtherExpensePriorYear |
| Other Expenses Current Year | 34193 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 88319 | TotalExpensesPriorYear |
| Total Expenses Current Year | 250457 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 18500 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 20212 | RevenuesLessExpensesCY |
| Total Assets BOY | 37743 | TotalAssetsBOY |
| Total Assets EOY | 210652 | TotalAssetsEOY |
| Total Liabilities BOY | 5075 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 157772 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 32668 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 52880 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE PRINCETON LEARNING COOPERATIVE IS A CENTER THAT MAKES LIVING AND LEARNING WITHOUT SCHOOL AN OPTION FOR TEENS BY PROVIDING COMMUNITY AND SUPPORT FOR TEENS TO PURSUE THEIR EDUCATION. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 223501 | Expense |
| Grants | 88600 | Grants |
| Revenue | 246710 | Revenue |
| Description | THE PRINCETON LEARNING COOPERATIVE OFFERS CLASSES, TUTORING, MENTORING, HELP FINDING VOLUNTEER AND WORK OPPORTUNITIES AND HELP WITH COLLEGE ADMISSIONS TO ALL OF ITS STUDENTS. THE ORGANIZATION OFFERS A SAFE AND COMFORTABLE PLACE FOR TEENS TO WORK AND SOCIALIZE. | Description |
| Total Program Service Expense | 223501 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 0 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 1 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 4 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 6 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 6 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | PA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NJ | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JOEL HAMMON | NamePerson |
| Telephone Number | 6098512522 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 453 HAMILTON BLVD | AddressLine1 |
| City | MORRISVILLE | City |
| State | PA | State |
| ZIP Code | 19067 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (9 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| JULIE HORIGAN | ||||||
| PRESIDENT | 5.00 | X | X | 0 | 0 | 12000 |
| GEORGE PRICE | ||||||
| VICE PRESIDENT | 1.00 | X | X | 2900 | 0 | 0 |
| MAGGIE ROSE | ||||||
| TREASURER | 1.00 | X | X | 0 | 0 | 0 |
| SCOTT GALLAGHER | ||||||
| SECRETARY | 1.00 | X | X | 0 | 0 | 0 |
| PHIL CHAO | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| SUZANNE KAPLAN | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| HARINI SUBRAHMANYAM | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| JOEL HAMMON | ||||||
| CO-DIRECTOR | 40.00 | X | 47400 | 0 | 0 | |
| PAUL SCUTT | ||||||
| CO-DIRECTOR | 40.00 | X | 39845 | 0 | 9155 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 90145 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 21155 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Fundraising Events | 3286 | FundraisingEvents |
| All Other Contributions | 21399 | AllOtherContributions |
| Noncash Contributions | 4322 | NoncashContributions |
| Total Contributions | 24685 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION | 611710 | 244835 | 244835 |
| SUMMER CAMPS | 611710 | 1540 | 1540 |
| CONSULTING | 611710 | 335 | 335 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 246710 | TotalProgramServiceRevenue |
| Gross Income Fundraising Events | 0 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 3286 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 726 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -726 | TotalRevenueColumn |
| Exclusion | -$726 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 270669 | TotalRevenueColumn |
| Related Or Exempt Function Income | 246710 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | -$726 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 88600 | Total |
| Program Services | 88600 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 90146 | Total |
| Program Services | 72174 | ProgramServices |
| Management And General | 13610 | ManagementAndGeneral |
| Fundraising | 4362 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7276 | Total |
| Program Services | 7276 | ProgramServices |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1100 | Total |
| Program Services | 825 | ProgramServices |
| Management And General | 220 | ManagementAndGeneral |
| Fundraising | 55 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18055 | Total |
| Program Services | 16024 | ProgramServices |
| Management And General | 1580 | ManagementAndGeneral |
| Fundraising | 451 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11087 | Total |
| Program Services | 9840 | ProgramServices |
| Management And General | 970 | ManagementAndGeneral |
| Fundraising | 277 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3500 | Total |
| Program Services | 1750 | ProgramServices |
| Management And General | 1750 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1432 | Total |
| Program Services | 1432 | ProgramServices |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 955 | Total |
| Program Services | 955 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2078 | Total |
| Program Services | 1460 | ProgramServices |
| Management And General | 618 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18250 | Total |
| Program Services | 16425 | ProgramServices |
| Management And General | 1825 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 339 | Total |
| Program Services | 339 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4977 | Total |
| Program Services | 4479 | ProgramServices |
| Management And General | 498 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| WEBSITE | 1124 | 1124 | ||
| PRINTING AND COPYING | 751 | 601 | 75 | 75 |
| REGISTRATION | 560 | 560 | ||
| POSTAGE AND SHIPPING | 152 | 122 | 15 | 15 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 75 | Total |
| Program Services | 75 | ProgramServices |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 250457 | Total |
| Program Services | 223501 | ProgramServices |
| Management And General | 21721 | ManagementAndGeneral |
| Fundraising | 5235 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 36243 | BOY |
| EOY | 70752 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 138400 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1500 | BOY |
| EOY | 1500 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37743 | BOY |
| EOY | 210652 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 75 | BOY |
| EOY | 37 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5000 | BOY |
| EOY | 157735 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5075 | BOY |
| EOY | 157772 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32668 | BOY |
| EOY | 52880 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32668 | BOY |
| EOY | 52880 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37743 | BOY |
| EOY | 210652 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 20212 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 0 | FSAudited |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
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 Minus2 Years | 12860 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 28432 | CurrentTaxYearMinus1Year |
| Current Tax Year | 24685 | CurrentTaxYear |
| Total | 65977 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | 41400 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 7600 | CurrentTaxYearMinus1Year |
| Current Tax Year | 246710 | CurrentTaxYear |
| Total | 295710 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | 54260 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 36032 | CurrentTaxYearMinus1Year |
| Current Tax Year | 271395 | CurrentTaxYear |
| Total | 361687 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | 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) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 361687 | PublicSupportTotal509 |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | 54260 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 36032 | CurrentTaxYearMinus1Year |
| Current Tax Year | 271395 | CurrentTaxYear |
| Total | 361687 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| First5 Years509 | X | First5Years509 |
| Public Support Percentage509 | 1.00000 | PublicSupportPercentage509 |
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 I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | TUITION WAIVER | TypeOfGrant |
| Number Of Recipients | 14 | NumberOfRecipients |
| Amount Of Non Cash Assistance | 88600 | AmountOfNonCashAssistance |
| Method Of Valuation | FMV | MethodOfValuation |
| Description Of Non Cash Assistance | TUITION WAIVER | DescriptionOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: ALL GRANTS ARE IN THE FORM OF NON-CASH TUITION REDUCTION BENEFITS TO PARTICIPANTS IN THE PROGRAM BASED ON NEED. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part III Form990ScheduleLPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship With Organization | BOARD MEMBER | RelationshipWithOrganization |
| Amount Of Grant | 12000 | AmountOfGrant |
| Type Of Assistance | TUITION ASSISTANCE | TypeOfAssistance |
| Purpose Of Assistance | TUITION ASSISTANCE IS PROVIDED BASED ON NEED TO ALL CHILDREN | PurposeOfAssistance |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (4 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| 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 WE 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. |
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