Civic Intelligence

The Learning First Foundation Inc

990 • Fiscal year 2013 • EIN 04-3319920

Jul 01, 2012 to Jun 30, 2013 • Filed on Oct 29, 2013

Organization ProfileN/A
51 Gage StreetWorcester, MA 01608
Siviq Scores

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

Liabilities / Assets

78th percentile

0.60x

Higher debt load relative to assets than 78% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Liabilities / Revenue

91st percentile

3.37x

Higher debt load relative to revenue than 91% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Net Margin

80th percentile

24%

Higher net margin than 80% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

63rd percentile

6.7%

Faster asset growth than 63% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$5,071,646

Up $320,467 (+6.7%) from 2012

Net Assets

Up

$2,020,579

Up $363,512 (+22%) from 2012

Liabilities

Down

$3,051,067

Down $43,045 (-1.4%) from 2012

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin80th percentile

Revenue

$904,337

No earlier filing loaded for comparison.

Expenses

Down

$682,910

Down $8,260 (-1.2%) from 2012

Net Income

$221,427

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

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

$60M$40M$20M$0Assets 2011: $4,685,535Liabilities 2011: $2,988,434Net Assets 2011: $1,697,1012011Assets 2012: $4,751,179Liabilities 2012: $3,094,112Net Assets 2012: $1,657,0672012Assets 2013: $5,071,646Liabilities 2013: $3,051,067Net Assets 2013: $2,020,5792013Assets 2014: $5,133,821Liabilities 2014: $2,882,201Net Assets 2014: $2,251,6202014Assets 2015: $5,197,612Liabilities 2015: $2,815,649Net Assets 2015: $2,381,9632015Assets 2016: $5,232,204Liabilities 2016: $2,775,532Net Assets 2016: $2,456,6722016Assets 2017: $5,207,359Liabilities 2017: $2,410,372Net Assets 2017: $2,796,9872017Assets 2018: $5,244,734Liabilities 2018: $2,141,587Net Assets 2018: $3,103,1472018Assets 2019: $5,277,829Liabilities 2019: $2,027,927Net Assets 2019: $3,249,9022019Assets 2020: $4,284,570Liabilities 2020: $1,878,365Net Assets 2020: $2,406,2052020Assets 2021: $8,815,830Liabilities 2021: $6,027,654Net Assets 2021: $2,788,1762021Assets 2022: $16,820,822Liabilities 2022: $13,425,102Net Assets 2022: $3,395,7202022Assets 2023: $43,188,475Liabilities 2023: $39,272,400Net Assets 2023: $3,916,0752023Assets 2024: $23,169,628Liabilities 2024: $18,755,428Net Assets 2024: $4,414,2002024Assets 2025: $22,959,619Liabilities 2025: $18,294,467Net Assets 2025: $4,665,1522025

Highlighted filing

2013

Assets$5,071,646
Liabilities$3,051,067
Net Assets$2,020,579
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0Expenses 2011: $652,5272011Expenses 2012: $691,1702012Revenue 2013: $904,337Expenses 2013: $682,910Net Income 2013: $221,4272013Revenue 2014: $952,664Expenses 2014: $733,871Net Income 2014: $218,7932014Revenue 2015: $1,013,109Expenses 2015: $865,043Net Income 2015: $148,0662015Revenue 2016: $939,298Expenses 2016: $817,623Net Income 2016: $121,6752016Revenue 2017: $835,545Expenses 2017: $650,282Net Income 2017: $185,2632017Revenue 2018: $953,134Expenses 2018: $754,620Net Income 2018: $198,5142018Revenue 2019: $972,747Expenses 2019: $771,652Net Income 2019: $201,0952019Revenue 2020: $935,237Expenses 2020: $704,331Net Income 2020: $230,9062020Revenue 2021: $888,531Expenses 2021: $567,732Net Income 2021: $320,7992021Revenue 2022: $919,014Expenses 2022: $332,560Net Income 2022: $586,4542022Revenue 2023: $1,103,299Expenses 2023: $582,944Net Income 2023: $520,3552023Revenue 2024: $2,226,225Expenses 2024: $1,121,239Net Income 2024: $1,104,9862024Revenue 2025: $1,354,138Expenses 2025: $1,103,186Net Income 2025: $250,9522025

Highlighted filing

2013

Revenue$904,337
Expenses$682,910
Net Income$221,427
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Oct 29, 2013
Return Version
2012v2.1
Gross Receipts
$904,337
Mission and Program Overview

Mission

Learning first foundation, inc. Is committed to supporting seven hills charter public school's efforts to improve the quality of public education in massachusetts. Learning first foundation will do this by holding the building, raising funds, and engaging the greater community in activities to help students, families, and teachers.

Filing and Contact Details

Filer

EIN
04-3319920
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0THE CORPORATION 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. THE CORPORATION HAS IDENTIFIED ITS TAX STATUS AS A TAX-EXEMPT ENTITY AS ITS ONLY SIGNIFICANT TAX POSITION AND HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE CORPORATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. ITS FEDERAL AND STATE INCOME TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THE PAST THREE YEARS FOLLOWING THE DATES FILED.
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IRS990ScheduleO/GeneralExplanation/Explanation0THE FORM 990 IS PREPARED BY OUR OUTSIDE ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. THE FORM 990 IS REVIEWED BY MANAGEMENT AND PROVIDED TO THE BOARD OF TRUSTEES ONE WEEK IN ADVANCE OF THE NEXT BOARD MEETING WHERE THE FORM 990 IS DISCUSSED AND VOTED UPON BY THE FULL BOARD. UPON APPROVAL, THE FORM 990 IS FILED WITH THE IRS.
IRS990ScheduleO/GeneralExplanation/Explanation1ALL MEMBERS OF THE BOARD OF DIRECTORS AND ALL OFFICERS FILL OUT A QUESTIONNAIRE ANNUALLY WHICH IS REVIEWED BY THE CHAIR OF THE BOARD OR OTHER DESIGNATED PERSON, AS APPROPRIATE. THEY DETERMINE WHETHER AN ACTUAL OR POTENTIAL CONFLICT EXISTS. MEMBERS OF THE BOARD WITH CONFLICTS ARE BARRED FROM VOTING OR PARTICIPATING IN CONFLICTING MATTERS.
IRS990ScheduleO/GeneralExplanation/Explanation2OUR FORM 1023 APPLICATION, IRS DETERMINATION LETTER FOR TAX EXEMPTION, AND OUR FORMS 990 (CURRENT AND PRIOR THREE YEARS) ARE AVAILABLE UPON REQUEST. WE ALSO MAKE OUR FORM 990-T AVAILABLE TO THE PUBLIC UPON REQUEST. OUR FORM 990 IS AVAILABLE ON GUIDESTAR AT WWW.GUIDESTAR.ORG. OUR FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE AT WWW.CHARITIES.AGO.STATE.MA.US. THE ARTICLES OF INCORPORATION, BYLAWS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation3UNREALIZED GAIN ON INTEREST RATE SWAP 142,085.
IRS990ScheduleO/GeneralExplanation/Identifier0CHANGES IN NET ASSETS OR FUND BALANCES:
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART XI, LINE 9:
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IRS990/TheBooksAreInCareOf/NamePerson0CYNTHIA KRACKOVIC DIRECTOR OF FINA
IRS990/TheBooksAreInCareOf/TelephoneNumber05087997500
IRS990/TotalAssets/BOY04751179
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IRS990/TotalAssets/EOY05071646
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IRS990/TotalCompGT150K01
IRS990/TotalContributions081792
IRS990/TotalExpensesCurrentYear0682910

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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$5,071,646
Liabilities
$3,051,067
Net assets
$2,020,579
Revenue
$904,337
Expenses
$682,910
Net income
$221,427
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$23.0$18.3$4.67$1.35$1.10$0.25
2024Detailed filing. Detailed filing data is available for this year.$23.2$18.8$4.41$2.23$1.12$1.10
2023Detailed filing. Detailed filing data is available for this year.$43.2$39.3$3.92$1.10$0.58$0.52
2022Detailed filing. Detailed filing data is available for this year.$16.8$13.4$3.40$0.92$0.33$0.59
2021Detailed filing. Detailed filing data is available for this year.$8.82$6.03$2.79$0.89$0.57$0.32
2020Detailed filing. Detailed filing data is available for this year.$4.28$1.88$2.41$0.94$0.70$0.23
2019Detailed filing. Detailed filing data is available for this year.$5.28$2.03$3.25$0.97$0.77$0.20
2018Detailed filing. Detailed filing data is available for this year.$5.24$2.14$3.10$0.95$0.75$0.20
2017Detailed filing. Detailed filing data is available for this year.$5.21$2.41$2.80$0.84$0.65$0.19
2016Detailed filing. Detailed filing data is available for this year.$5.23$2.78$2.46$0.94$0.82$0.12
2015Detailed filing. Detailed filing data is available for this year.$5.20$2.82$2.38$1.01$0.87$0.15
2014Detailed filing. Detailed filing data is available for this year.$5.13$2.88$2.25$0.95$0.73$0.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.07$3.05$2.02$0.90$0.68$0.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.75$3.09$1.66$0.69
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.69$2.99$1.70$0.65