Civic Intelligence

Learningspring School

990 • Fiscal year 2024 • EIN 01-0603628

Jul 01, 2023 to Jun 30, 2024 • Filed on May 15, 2025

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

13th percentile

0.01x

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

2024 filings • NTEE B • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

13th percentile

0.03x

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

2024 filings • NTEE B • $25M-$50M nonprofits • Source year 2024

Net Margin

22nd percentile

-9.6%

Higher net margin than 22% of similar nonprofits.

2024 filings • NTEE B • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

56th percentile

$233,631

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2024 filings • NTEE B • $25M-$50M nonprofits • Source year 2024

Asset Growth

41st percentile

2.0%

Faster asset growth than 41% of similar nonprofits.

2024 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

39th percentile

4.5%

Faster revenue growth than 39% of similar nonprofits.

2024 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$44,642,496

Up $863,856 (+2.0%) from 2023

Net Assets

Up

$44,411,147

Up $846,608 (+1.9%) from 2023

Liabilities

Up

$231,349

Up $17,248 (+8.1%) from 2023

Revenue

Up

$8,908,965

Up $384,453 (+4.5%) from 2023

Expenses

Up

$9,760,981

Up $773,792 (+8.6%) from 2023

Net Income

Down

-$852,016

Down $389,339 (-84%) from 2023

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

2024

Assets$44,642,496
Liabilities$231,349
Net Assets$44,411,147

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

2024

Revenue$8,908,965
Expenses$9,760,981
Net Income-$852,016
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$13,918,151
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$29,428,818$28,667,718▼ $761,100
Investments in Publicly Traded Securities$12,534,625$13,925,476▲ $1,390,851
Accounts Receivable$1,124,671$1,531,007▲ $406,336
Cash and Non-Interest-Bearing Accounts$506,588$429,058▼ $77,530
Pledges and Grants Receivable$1,500$35,500▲ $34,000
Prepaid Expenses and Deferred Charges$17,677$27,791▲ $10,114
Savings and Temporary Cash Investments$155,884$25,889▼ $129,995
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$43,778,640$44,642,496▲ $863,856
Other Assets Total$8,877$57▼ $8,820
Liabilities
Accounts Payable and Accrued Expenses$97,423$111,380▲ $13,957
Other Liabilities$84,308$88,819▲ $4,511
Deferred Revenue$32,370$31,150▼ $1,220
Total Liabilities$214,101$231,349▲ $17,248
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$43,187,374$44,062,357▲ $874,983
Net Assets With Donor Restrictions$377,165$348,790▼ $28,375
Total Net Assets Fund Balance$43,564,539$44,411,147▲ $846,608
Total Liabilities and Net Assets / Fund Balance$43,778,640$44,642,496▲ $863,856

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$16,403,333$9,496,667$25,900,000
Land$11,645,391-$11,645,391
Equipment$618,994$1,638,642$2,257,636
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Margaret PoggiHead of SchoolFT$211,047$22,584$233,631
Eileen HerzogDirector of Admin & FinancePT$160,501$18,349$178,850
Alooma-Ali TETEDevelopment DirectorFT$121,954$36,097$158,051
Eileen ShamrothAcademic DirectorFT$123,653$18,550$142,203
Anne Ryan-negronSchool NurseFT$113,820$27,752$141,572
Danielle FerranteSocial Skills DirectorFT$121,942$18,495$140,437
Narjis HancharickFacilities ManagerFT$106,496$17,755$124,251

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$957,754
Program Service Revenue
$7,809,698
Investment Income
$250,660
Other Revenue
$-109,147
All Other Contributions
$538,600
Change in Net Assets
$-852,016

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$25,000Market value
Other Non Cash Contri Table41$20,146Market value
Clothing and Household Goods-$2,901Market value
Collectibles1$400Market value
Total Noncash Contributions45$48,447-

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,825,538
Revenue Not Reported on Financial Statements
$83,427
Revenue Not Reported on Form 990
$1,698,624
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$10,524,162
Total Revenue per Form 990
$8,908,965
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,618,084
Other Expenses$2,142,897
Total Fundraising Expense$357,575
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,002,084$260,198$218,402$5,480,684
Other Employee Benefits$994,751$93,551$43,433$1,131,735
Depreciation Depletion$855,313$103,822$3,311$962,446
Occupancy$498,031$20,846$583$519,460
Payroll Taxes$375,725$48,265$16,405$440,395
Current Officers, Directors, Trustees, and Key Employees-$428,189-$428,189
Office Expenses$73,313$72,249$13,531$159,093
Pension Plan Contributions$126,841$4,702$5,538$137,081
Information Technology$10,542$100,702$1,946$113,190
Fees for Service Investment Mgmnt Fees-$83,427-$83,427
Insurance$75,967$4,538$159$80,664
Fees for Services Accounting-$40,080-$40,080
Advertising$12,774$12,589$2,358$27,721
Fees for Services Legal-$18,175-$18,175
Fees for Services Other$8,036$4,579$0$12,615
Other Expenses$9,666$2,365$2,800$2,365
Total Functional Expenses$8,104,599$1,298,807$357,575$9,760,981

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$9,760,981
Expenses per Audited Statements$9,677,554
Total Expenses per Audited Statements$9,677,554
Expenses Not Reported on Financial Statements$83,427
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$117,386
Fundraising Gross Income$8,239
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Gala$391,451$6,555$29,357$-22,802
Fall Fundraiser$35,942$1,684$12,018$-10,334
Total Events$427,393$8,239$117,386$-109,147
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
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 Dept. of Education$88,819
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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, Line 2 Family/business relationships amongst interested persons

PATRICK MULLIN AND THOMAS DELANEY - Family relationship

Form 990, Part VI, Line 11B Review of form 990 by governing body

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. Any questions on the draft are discussed with the preparer prior to filing. A completed and approved form 990 was filed timely with the irs and copies were made available for public inspection.

Form 990, Part VI, Line 12C Conflict of interest policy

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, Line 15A Process to establish compensation of top management official

The committee of trustees is responsible for compensation for head of school. Annually, they review information regarding the 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 may 2024.

Form 990, Part VI, Line 19 Required documents available to the public

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
Phone
2122394926
Address
247 EAST 20TH ST, NEW YORK, NY 10003

Signing Officer

Name
Margaret Poggi
Title
Head of School
Phone
2122394926
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
2001
Legal Domicile
Ny
Voting Board Members
20
Independent Board Members
20
Employees
116
Volunteers
33

Preparer

Firm
Forvis Mazars LLP
Address
135 West 50th Street, New York, NY 10020
Preparer
Aaron Shapiro
Phone
2128127000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1 ORGANIZATION'S 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.

Financial Statement Notes

Schedule D, Part X, Line 2

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

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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/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR OF ADMIN & FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt21HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt22DEVELOPMENT DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23SCHOOL NURSE
IRS990/Form990PartVIISectionAGrp/TitleTxt24SOCIAL SKILLS DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25ACADEMIC DIRECTOR
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IRS990/OtherExpensesGrp/Desc0Student Activities
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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