Civic Intelligence

Learningspring School

990 • Fiscal year 2019 • EIN 01-0603628

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 15, 2019

247 East 20th StNew York, NY 10003

(212) 239-4926

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

11th percentile

0.01x

Higher debt load relative to assets than 11% of similar nonprofits.

2019 filings • NTEE B • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

13th percentile

0.04x

Higher debt load relative to revenue than 13% of similar nonprofits.

2019 filings • NTEE B • $25M-$50M nonprofits • Source year 2019

Net Margin

38th percentile

0.9%

Higher net margin than 38% of similar nonprofits.

2019 filings • NTEE B • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

37th percentile

$187,339

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2019 filings • NTEE B • $25M-$50M nonprofits • Source year 2019

Asset Growth

33rd percentile

-0.4%

Faster asset growth than 33% of similar nonprofits.

2019 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

66th percentile

12%

Faster revenue growth than 66% of similar nonprofits.

2019 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2018 to 2019

Assets

Down

$45,212,402

Down $201,167 (-0.4%) from 2018

Net Assets

Down

$44,937,820

Down $142,538 (-0.3%) from 2018

Liabilities

Down

$274,582

Down $58,629 (-18%) from 2018

Revenue

Up

$7,758,462

Up $807,579 (+12%) from 2018

Expenses

Up

$7,686,544

Up $131,071 (+1.7%) from 2018

Net Income

Up

$71,918

Up $676,508 (+112%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2010: $3,461,018Liabilities 2010: $530,640Net Assets 2010: $2,930,3782010Assets 2011: $4,379,668Liabilities 2011: $362,817Net Assets 2011: $4,016,8512011Assets 2012: $4,619,871Liabilities 2012: $338,882Net Assets 2012: $4,280,9892012Assets 2013: $48,490,646Liabilities 2013: $338,584Net Assets 2013: $48,152,0622013Assets 2014: $47,737,145Liabilities 2014: $231,715Net Assets 2014: $47,505,4302014Assets 2015: $46,856,123Liabilities 2015: $227,034Net Assets 2015: $46,629,0892015Assets 2016: $45,952,763Liabilities 2016: $210,989Net Assets 2016: $45,741,7742016Assets 2017: $45,742,022Liabilities 2017: $239,771Net Assets 2017: $45,502,2512017Assets 2018: $45,413,569Liabilities 2018: $333,211Net Assets 2018: $45,080,3582018Assets 2019: $45,212,402Liabilities 2019: $274,582Net Assets 2019: $44,937,8202019Assets 2020: $44,723,059Liabilities 2020: $162,463Net Assets 2020: $44,560,5962020Assets 2021: $46,598,905Liabilities 2021: $185,623Net Assets 2021: $46,413,2822021Assets 2022: $43,765,485Liabilities 2022: $212,697Net Assets 2022: $43,552,7882022Assets 2023: $43,778,640Liabilities 2023: $214,101Net Assets 2023: $43,564,5392023Assets 2024: $44,642,496Liabilities 2024: $231,349Net Assets 2024: $44,411,1472024

Highlighted filing

2019

Assets$45,212,402
Liabilities$274,582
Net Assets$44,937,820

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $3,837,2712010Expenses 2011: $4,279,4542011Expenses 2012: $4,845,8392012Revenue 2013: $49,192,691Expenses 2013: $5,338,258Net Income 2013: $43,854,4332013Revenue 2014: $5,682,878Expenses 2014: $6,607,872Net Income 2014: -$924,9942014Revenue 2015: $6,121,866Expenses 2015: $6,936,208Net Income 2015: -$814,3422015Revenue 2016: $6,463,225Expenses 2016: $7,111,960Net Income 2016: -$648,7352016Revenue 2017: $6,670,569Expenses 2017: $7,169,878Net Income 2017: -$499,3092017Revenue 2018: $6,950,883Expenses 2018: $7,555,473Net Income 2018: -$604,5902018Revenue 2019: $7,758,462Expenses 2019: $7,686,544Net Income 2019: $71,9182019Revenue 2020: $8,113,977Expenses 2020: $7,964,675Net Income 2020: $149,3022020Revenue 2021: $7,925,663Expenses 2021: $8,059,747Net Income 2021: -$134,0842021Revenue 2022: $8,374,761Expenses 2022: $8,348,124Net Income 2022: $26,6372022Revenue 2023: $8,524,512Expenses 2023: $8,987,189Net Income 2023: -$462,6772023Revenue 2024: $8,908,965Expenses 2024: $9,760,981Net Income 2024: -$852,0162024

Highlighted filing

2019

Revenue$7,758,462
Expenses$7,686,544
Net Income$71,918
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 15, 2019
Return Version
2018v3.3
Gross Receipts
$9,880,259
Mission and Program Overview

Mission

The learningspring school is for children on the autism spectrum in grades k-8 and is committed to advance the social, developmental and academic growth of its students through pioneering educational and therapeutic strategies in order to prepare each child to participate in the wider community.

Learningspring operates a school for children on the autism spectrum in grades k-8.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$36,423,026$35,711,895▼ $711,131
Investments in Publicly Traded Securities$6,268,974$7,151,382▲ $882,408
Savings and Temporary Cash Investments$919,100$831,833▼ $87,267
Pledges and Grants Receivable$991,550$739,817▼ $251,733
Accounts Receivable$534,063$544,135▲ $10,072
Cash and Non-Interest-Bearing Accounts$248,596$215,422▼ $33,174
Prepaid Expenses and Deferred Charges$17,040$6,698▼ $10,342
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$45,413,569$45,212,402▼ $201,167
Other Assets Total$11,220$11,220→ $0
Liabilities
Accounts Payable and Accrued Expenses$213,440$117,511▼ $95,929
Other Liabilities$82,211$82,246▲ $35
Deferred Revenue$37,560$74,825▲ $37,265
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$333,211$274,582▼ $58,629
Net Assets / Fund Balance
Unrestricted Net Assets$43,595,318$43,651,387▲ $56,069
Temporarily Rstr Net Assets$1,485,040$1,286,433▼ $198,607
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$45,080,358$44,937,820▼ $142,538
Total Liabilities and Net Assets / Fund Balance$45,413,569$45,212,402▼ $201,167

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$20,720,001$5,179,999$25,900,000
Land$14,700,000-$14,700,000
Equipment$291,894$1,197,762$1,489,656
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Margaret PoggiHead of SchoolFT$165,545$21,794$187,339
Eileen HerzogDirector of Admin and FinancePT$124,208$19,888$144,096

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,140,731
Program Service Revenue
$6,049,891
Investment Income
$617,921
Other Revenue
$-50,081
All Other Contributions
$660,452
Change in Net Assets
$71,918

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded4$51,651Average Daily Value
Total Noncash Contributions4$51,651-

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,707,216
Revenue Not Reported on Financial Statements
$51,246
Revenue Not Reported on Form 990
$8,710
Total Revenue per Audited Statements
$7,715,926
Total Revenue per Form 990
$7,758,462
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,753,495
Other Expenses$1,933,049
Total Fundraising Expense$284,801
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,723,454$184,271$173,572$4,081,297
Depreciation Depletion$819,483$105,349$3,264$928,096
Other Employee Benefits$725,744$67,561$33,831$827,136
Occupancy$415,800$13,795$401$429,996
Current Officers, Directors, Trustees, and Key Employees-$351,941-$351,941
Payroll Taxes$298,405$39,465$13,910$351,780
Office Expenses$172,462$70,969$18,026$261,457
Pension Plan Contributions$132,923$2,222$6,196$141,341
Information Technology$3,056$68,670$10$71,736
Insurance$58,510$2,433-$60,943
Fees for Service Investment Mgmnt Fees-$51,246-$51,246
Fees for Services Other$7,039$32,729$22$39,790
Other Expenses$32,024$2,672$35,569$35,569
Fees for Services Legal-$12,352-$12,352
Fees for Services Accounting-$7,168-$7,168
Total Functional Expenses$6,388,900$1,012,843$284,801$7,686,544

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,858,464
Total Expenses per Form 990$7,686,544
Expenses per Audited Statements$7,635,298
Expenses Not Reported on Form 990$223,166
Expenses Not Reported on Financial Statements$51,246
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$117,209
Fundraising Gross Income$67,128
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$379,474$55,200$52,180$3,020
Fall Event$54,317$8,709$5,610$3,099
Total Events$438,514$67,128$117,209$-50,081
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Nyc Department of Education$82,246
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Patrick mullin and thomas delaney have a family relationship.

Form 990, Part VI, Section B, Line 11B

The 990 was reviewed by both the budget and finance and the audit committees. The treasurer of the board of trustees then presented the completed form 990 to the board of trustees for review and approval. The completed and approved form 990 was filed timely with the irs and copies were made available for public inspection.

Form 990, Part VI, Section B, Line 12C

The board of trustees is charged with considering and resolving all conflicts of interest and/or potential conflicts of interest. In order to carry out this responsibility, the board of trustees will conduct an annual conflict of interest survey one month prior to the first board meeting of each fiscal year. Any conflict of interest, or potential conflict of interest that arises during the period between annual surveys must be disclosed to the audit committee or head of school, as appropriate. The board of trustees will review conflicts of interest, or potential conflicts of interest, and will make a written record of resolution of each matter. Interested parties who have an actual or potential conflict of interest will not participate in decisions or discussions affecting that interest and the organization.

Form 990, Part VI, Section B, Line 15A

The committee of trustees is responsible for compensation for head of school. They review information regarding head of school salaries from guidestar and nysais, as well as discussions with other local school boards. They propose the compensation to the board of trustees for final approval. Changes in salary level, including annual increases, are approved by the board of trustees and were reviewed in 2018.

Form 990, Part VI, Section C, Line 19

The board of trustees of learningspring school authorizes the school head to make available for public inspection the school's form 1023, application for recognition of exemption under section 501(c)(3) of the internal revenue code, form 990, return of organization exempt from income tax, the current audited annual financial statement, and the learningspring school bylaws. The availability of these documents are in accordance to the guidelines in policy 100-legal status of the school, section iv-records and communications. Copies of recent 990's are available on public websites for inspection and downloading.

Filing and Contact Details

Filer

Filer Name
LearningSpring School
EIN
01-0603628
In Care Of
% EILEEN HERZOG
Phone
2122394926
Address
247 East 20th St, New York, NY 10003

Signing Officer

Name
Margaret Poggi
Title
Head of School
Phone
2122394926
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Margaret Poggi
Formed
2001
Legal Domicile
Ny
Voting Board Members
16
Independent Board Members
16
Employees
120
Volunteers
30

Preparer

Firm
Bkd Llp
Address
1155 Avenue of the Americas 1200, New York, NY 10036
Preparer
Aaron Shapiro
Phone
2128674000
Supplemental Narrative

Financial Statement Notes

Schedule D, Part XI, Line 2D

Direct costs of special events: 117,209

Schedule D, Part XII, Line 2D

Direct costs of special events: 117,209

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IRS990/Desc0LEARNINGSPRING SCHOOL provided education to 108 students in grade K-8 with a curriculum that addresses the students academic and social skills development. Our education program is designed to give the students confidence in social interaction - at school, at home, and throughout the community; and to provide a challenging academic curriculum that is consistent with New York State next generation standards, and that is implemented in a way that respects the unique needs of each student.
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IRS990/Form990PartVIISectionAGrp/PersonNm2CAROLYN KRETZ
IRS990/Form990PartVIISectionAGrp/PersonNm3MARK CHERTOK
IRS990/Form990PartVIISectionAGrp/PersonNm4ROBIN STEPHENSON
IRS990/Form990PartVIISectionAGrp/PersonNm5SALLY ANN JACOBS
IRS990/Form990PartVIISectionAGrp/PersonNm6KERRI TRICARICO
IRS990/Form990PartVIISectionAGrp/PersonNm7MISTI USHIO
IRS990/Form990PartVIISectionAGrp/PersonNm8PATRICK MULLIN
IRS990/Form990PartVIISectionAGrp/PersonNm9STUART ZWERLING
IRS990/Form990PartVIISectionAGrp/PersonNm10GREG NG
IRS990/Form990PartVIISectionAGrp/PersonNm11KRAIG DEMATTEIS
IRS990/Form990PartVIISectionAGrp/PersonNm12MARILYN SIMONS
IRS990/Form990PartVIISectionAGrp/PersonNm13THOMAS DELANEY
IRS990/Form990PartVIISectionAGrp/PersonNm14LAURIE DUBOS
IRS990/Form990PartVIISectionAGrp/PersonNm15TRACEY TISKA
IRS990/Form990PartVIISectionAGrp/PersonNm16MARGARET POGGI
IRS990/Form990PartVIISectionAGrp/PersonNm17EILEEN HERZOG
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR OF ADMIN AND FINANCE
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IRS990/MissionDesc0THE LEARNINGSPRING SCHOOL IS FOR CHILDREN ON THE AUTISM SPECTRUM IN GRADES K-8 AND IS COMMITTED TO ADVANCE THE SOCIAL, DEVELOPMENTAL AND ACADEMIC GROWTH OF ITS STUDENTS THROUGH PIONEERING EDUCATIONAL AND THERAPEUTIC STRATEGIES IN ORDER TO PREPARE EACH CHILD TO PARTICIPATE IN THE WIDER COMMUNITY.
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IRS990/OtherExpensesGrp/Desc0STAFF DEVELOPMENT & TRAINING
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06698
IRS990/PrincipalOfficerNm0MARGARET POGGI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL TUITION AND FEES
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06049891
IRS990/ProgSrvcAccomActy2Grp/Desc0In addition to our academic and social skills educational program, LEARNINGSPRINGS ALUMNI PROGRAM works with our alumni to provide opportunities for continued growth. This year 9 of our alumni returned as interns assisting in the classrooms and in our administrative offices. Through this program our alumni were able to experience work related skills in a familiar environment, improving their life skills, social skills, and confidence.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt012636
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt015000
IRS990/ProgSrvcAccomActy3Grp/Desc0LEARNINGSPRINGS COMMUNITY OUTREACH PROGRAM provided over 300 after school sessions for students on topics ranging from homework help and tutoring, to yoga and sports activities. The after school program is designed to supplement the school day curriculum, with emphasis on building social skills and academic skills. In addition to the after school activities, the Community Outreach Program provided trainings for parents on a variety of autism related topics.
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0255082
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$44.6$0.23$44.4$8.91$9.76$0.85
2023Detailed filing. Detailed filing data is available for this year.$43.8$0.21$43.6$8.52$8.99$0.46
2022Detailed filing. Detailed filing data is available for this year.$43.8$0.21$43.6$8.37$8.35$0.03
2021Detailed filing. Detailed filing data is available for this year.$46.6$0.19$46.4$7.93$8.06$0.13
2020Detailed filing. Detailed filing data is available for this year.$44.7$0.16$44.6$8.11$7.96$0.15
2019Detailed filing. Detailed filing data is available for this year.$45.2$0.27$44.9$7.76$7.69$0.07
2018Detailed filing. Detailed filing data is available for this year.$45.4$0.33$45.1$6.95$7.56$0.60
2017Detailed filing. Detailed filing data is available for this year.$45.7$0.24$45.5$6.67$7.17$0.50
2016Detailed filing. Detailed filing data is available for this year.$46.0$0.21$45.7$6.46$7.11$0.65
2015Detailed filing. Detailed filing data is available for this year.$46.9$0.23$46.6$6.12$6.94$0.81
2014Detailed filing. Detailed filing data is available for this year.$47.7$0.23$47.5$5.68$6.61$0.92
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.5$0.34$48.2$49.2$5.34$43.9
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.62$0.34$4.28$4.85
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.38$0.36$4.02$4.28
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.46$0.53$2.93$3.84
Peer Organizations

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