Civic Intelligence

Learning Express Academy Inc

990 • Fiscal year 2020 • EIN 20-3987670

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 22, 2021

Organization ProfileWWW.LEARNINGEXPRESSSCHOOL.ORG
302 Darling StreetNewark, DE 19702-3775

(302) 737-8260

Siviq Scores

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

Liabilities / Assets

99th percentile

3.45x

Higher debt load relative to assets than 99% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

81st percentile

0.41x

Higher debt load relative to revenue than 81% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

23rd percentile

-11%

Higher net margin than 23% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

53rd percentile

$5,462

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

85th percentile

60%

Faster asset growth than 85% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

45th percentile

-4.2%

Faster revenue growth than 45% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$66,515

Up $24,900 (+60%) from 2019

Net Assets

Down

-$163,202

Down $59,811 (-58%) from 2019

Liabilities

Up

$229,717

Up $84,711 (+58%) from 2019

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin23rd percentile

Revenue

Down

$561,060

Down $24,857 (-4.2%) from 2019

Expenses

Up

$620,871

Up $24,594 (+4.1%) from 2019

Net Income

Down

-$59,811

Down $49,451 (-477%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

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

$400K$200K$0-$200KAssets 2015: $48,010Liabilities 2015: $137,130Net Assets 2015: -$89,1202015Assets 2016: $138,661Liabilities 2016: $146,951Net Assets 2016: -$8,2902016Assets 2017: $52,185Liabilities 2017: $145,254Net Assets 2017: -$93,0692017Assets 2018: $46,068Liabilities 2018: $139,099Net Assets 2018: -$93,0312018Assets 2019: $41,615Liabilities 2019: $145,006Net Assets 2019: -$103,3912019Assets 2020: $66,515Liabilities 2020: $229,717Net Assets 2020: -$163,2022020Assets 2021: $39,014Liabilities 2021: $220,920Net Assets 2021: -$181,9062021

Highlighted filing

2020

Assets$66,515
Liabilities$229,717
Net Assets-$163,202
Open 2020 Filing

Operations Trend

Revenue Growth45th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2015: $612,178Expenses 2015: $593,670Net Income 2015: $18,5082015Revenue 2016: $692,954Expenses 2016: $612,124Net Income 2016: $80,8302016Revenue 2017: $558,922Expenses 2017: $643,701Net Income 2017: -$84,7792017Revenue 2018: $609,322Expenses 2018: $609,284Net Income 2018: $382018Revenue 2019: $585,917Expenses 2019: $596,277Net Income 2019: -$10,3602019Revenue 2020: $561,060Expenses 2020: $620,871Net Income 2020: -$59,8112020Revenue 2021: $631,365Expenses 2021: $650,069Net Income 2021: -$18,7042021

Highlighted filing

2020

Revenue$561,060
Expenses$620,871
Net Income-$59,811
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 22, 2021
Return Version
2020v4.1
Gross Receipts
$561,060
Mission and Program Overview

Mission

Education-elementary age school

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$97,013$96,232▼ $781
Land, Buildings, and Equipment, Net$38,895$37,540▼ $1,355
Cash and Non-Interest-Bearing Accounts$2,720$28,975▲ $26,255
Rtn Earn Endowment Incm Other Fnds$-103,391$-163,202▼ $59,811
Total Assets$41,615$66,515▲ $24,900
Liabilities
Mortgage Notes Payable Secured by Investment Property-$112,500-
Unsecured Notes Loans Payable$44,164$20,985▼ $23,179
Accounts Payable and Accrued Expenses$3,829--
Total Liabilities$145,006$229,717▲ $84,711
Net Assets / Fund Balance
Total Net Assets Fund Balance$-103,391$-163,202▼ $59,811
Total Liabilities and Net Assets / Fund Balance$41,615$66,515▲ $24,900

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$35,540$12,613$48,153
Equipment-$34,535$34,535
Other Land Buildings$2,000$468-
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jennifer ValentinePresidentFT$5,462$5,462
Revenue and Support

Revenue Composition

Contributions and Grants
$84,255
Program Service Revenue
$476,802
Investment Income
$0
Other Revenue
$3
All Other Contributions
$5,000
Change in Net Assets
$-59,811
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$318,965
Other Expenses$301,906
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$261,136--$261,136
Occupancy$150,267--$150,267
All Other Expenses$99,189--$99,189
Other Employee Benefits$31,260--$31,260
Office Expenses$26,733--$26,733
Payroll Taxes$21,106--$21,106
Other Expenses$10,815--$10,815
Current Officers, Directors, Trustees, and Key Employees$5,463--$5,463
Fees for Services Accounting$4,680--$4,680
Interest$4,013--$4,013
Depreciation Depletion$1,355--$1,355
Insurance$1,320--$1,320
Total Functional Expenses$620,871$0$0$620,871
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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$97,013$96,232▼ $781
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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

Member election for additional members Part VI line 7A

“The board of directors has the authority to review and affect potential and existing employees.”

Form 990 governing body review Part VI line 11

“AVAILABLE”

Conflict of interest policy compliance Part VI line 12C

“The entity has a conflict of interest policy that requires the board and management to disclose any conflicts of interest as they arise.”

CEO executive director top management comp Part VI line 15A

“The board of directors do not take a salary. Managements compensation is set by management and the board and is based on operating profits.”

Governing documents etc available to public Part VI line 19

“VIA THE ENTITYS WEB SITE”

Filing and Contact Details

Filer

Filer Name
Learning Express Academy Inc
EIN
20-3987670
Address
302 DARLING STREET, NEWARK, DE 19702-3775

Signing Officer

Name
Jennifer Valentine
Title
President
Phone
3027378260
Signed
2021-07-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Valentine
Formed
2005
Legal Domicile
De
Voting Board Members
4
Independent Board Members
4
Employees
20

Preparer

Firm
DiFilippo & Company Inc CPAs
Address
295 New Garden Road, Toughkenamon, PA 19374
Preparer
JAMES F DiFILIPPO JR CPA
Phone
6102682217
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

“See the attached schedule”

Raw XML Appendix319 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ENTITY HAS A CONFLICT OF INTEREST POLICY THAT REQUIRES THE BOARD AND MANAGEMENT TO DISCLOSE ANY CONFLICTS OF INTEREST AS THEY ARISE.
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ReturnHeader/Filer/BusinessNameControlTxt0LEAR
ReturnHeader/Filer/EIN0203987670
ReturnHeader/Filer/USAddress/AddressLine1Txt0302 DARLING STREET
ReturnHeader/Filer/USAddress/CityNm0NEWARK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
ReturnHeader/Filer/USAddress/ZIPCd0197023775
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0205416340
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DiFilippo & Company Inc CPAs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0295 New Garden Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Toughkenamon
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019374
ReturnHeader/PreparerPersonGrp/PhoneNum06102682217
ReturnHeader/PreparerPersonGrp/PreparationDt02021-09-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES F DiFILIPPO JR CPA
ReturnHeader/ReturnTs02021-09-01T10:38:45-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JENNIFER
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0VALENTINE
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$66,515
Liabilities
$229,717
Net assets
-$163,202
Revenue
$561,060
Expenses
$620,871
Net income
-$59,811
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.39$2.21$1.82$6.31$6.50$0.19
2020Detailed filing. Detailed filing data is available for this year.$0.67$2.30$1.63$5.61$6.21$0.60
2019Detailed filing. Detailed filing data is available for this year.$0.42$1.45$1.03$5.86$5.96$0.10
2018Detailed filing. Detailed filing data is available for this year.$0.46$1.39$0.93$6.09$6.09$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.52$1.45$0.93$5.59$6.44$0.85
2016Detailed filing. Detailed filing data is available for this year.$1.39$1.47$0.08$6.93$6.12$0.81
2015Detailed filing. Detailed filing data is available for this year.$0.48$1.37$0.89$6.12$5.94$0.19