Civic Intelligence

Project Learn Inc

990 • Fiscal year 2014 • EIN 23-1744069

Jul 01, 2013 to Jun 30, 2014 • Filed on Mar 27, 2015

6525 Germantown Avenue19119

(215) 438-3623

Siviq Scores

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

Liabilities / Assets

96th percentile

1.46x

Higher debt load relative to assets than 96% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

82nd percentile

0.43x

Higher debt load relative to revenue than 82% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

22nd percentile

-8.4%

Higher net margin than 22% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

64th percentile

$47,113

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

5th percentile

-32%

Faster asset growth than 5% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

46th percentile

2.5%

Faster revenue growth than 46% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Down

$273,282

Down $129,374 (-32%) from 2013

Net Assets

Down

-$125,210

Down $77,460 (-162%) from 2013

Liabilities

Down

$398,492

Down $51,914 (-12%) from 2013

Revenue

Up

$925,307

Up $22,860 (+2.5%) from 2013

Expenses

Up

$1,002,767

Up $108,564 (+12%) from 2013

Net Income

Down

-$77,460

Down $85,704 (-1040%) from 2013

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2011: $468,697Liabilities 2011: $457,724Net Assets 2011: $10,9732011Assets 2012: $401,342Liabilities 2012: $460,120Net Assets 2012: -$58,7782012Assets 2013: $402,656Liabilities 2013: $450,406Net Assets 2013: -$47,7502013Assets 2014: $273,282Liabilities 2014: $398,492Net Assets 2014: -$125,2102014Assets 2015: $183,472Liabilities 2015: $344,954Net Assets 2015: -$161,4822015Assets 2016: $236,802Liabilities 2016: $333,437Net Assets 2016: -$96,6352016Assets 2017: $238,572Liabilities 2017: $388,834Net Assets 2017: -$150,2622017

Highlighted filing

2014

Assets$273,282
Liabilities$398,492
Net Assets-$125,210

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $1,067,5402011Expenses 2012: $936,8982012Revenue 2013: $902,447Expenses 2013: $894,203Net Income 2013: $8,2442013Revenue 2014: $925,307Expenses 2014: $1,002,767Net Income 2014: -$77,4602014Revenue 2015: $1,120,646Expenses 2015: $1,156,917Net Income 2015: -$36,2712015Revenue 2016: $1,304,032Expenses 2016: $1,239,183Net Income 2016: $64,8492016Revenue 2017: $670,700Expenses 2017: $724,327Net Income 2017: -$53,6272017

Highlighted filing

2014

Revenue$925,307
Expenses$1,002,767
Net Income-$77,460
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Mar 27, 2015
Return Version
2013v4.0
Gross Receipts
$925,307
Mission and Program Overview

Mission

At project learn school, teachers, students and parents work together to create a progressive and humanistic community that promotes mutual respect, involvement and curiosity.

A cooperative, independent school that promotes progressive and humanistic learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$269,662$162,000▼ $107,662
Accounts Receivable$62,924$73,860▲ $10,936
Land, Buildings, and Equipment, Net$54,294$33,859▼ $20,435
Prepaid Expenses and Deferred Charges$15,776$3,563▼ $12,213
Total Assets$402,656$273,282▼ $129,374
Liabilities
Mortgage Notes Payable Secured by Investment Property$169,993$157,010▼ $12,983
Deferred Revenue$142,018$98,085▼ $43,933
Other Liabilities$78,703$76,711▼ $1,992
Accounts Payable and Accrued Expenses$59,692$66,686▲ $6,994
Total Liabilities$450,406$398,492▼ $51,914
Net Assets / Fund Balance
Temporarily Rstr Net Assets$108,847$108,520▼ $327
Unrestricted Net Assets$-156,597$-233,730▼ $77,133
Total Net Assets Fund Balance$-47,750$-125,210▼ $77,460
Total Liabilities and Net Assets / Fund Balance$402,656$273,282▼ $129,374

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$18,698$342,615$361,313
Buildings$0$240,842$240,842
Equipment$15,161$56,604$71,765

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2011$60,849--$60,849-
2010$60,466$383--$60,849
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Joan FoxMemberFT$47,113$47,113
Aisha Anderson-obermanAdmissions DirectorFT$45,030$45,030
Jane V LatiesMemberFT$44,831$44,831
Roni AntonMember/secretaryPT$40,947$40,947
Lisa PackEducational CoordinatorFT$36,511$36,511
Donna WaxlerCoop CoordinatorPT$5,888$5,888
Lucinda MillerMemberPT$1,619$1,619

Board Members and Trustees

NameTitle
Donna AllenderAlumni Representative
Carmen JohnsonMember
Chris GarrityMember
Eric MooreMember
Jordan ShapiroMember
Kevin BirleyMember
Sara MullenMember
Bruce Pollack-johnsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$39,750
Program Service Revenue
$884,931
Investment Income
$626
Other Revenue
$0
All Other Contributions
$36,673
Change in Net Assets
$-77,460

Audited Revenue Reconciliation

Revenue per Audited Statements
$862,040
Revenue Not Reported on Financial Statements
$63,267
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$63,267
Total Revenue per Audited Statements
$862,040
Total Revenue per Form 990
$925,307
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$633,978
Other Expenses$305,522
Grants and Similar Amounts Paid$63,267
Total Fundraising Expense$6,496
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$147,476$78,859$2,500$228,835
Current Officers, Directors, Trustees, and Key Employees$181,496$40,442-$221,938
Other Employee Benefits$107,374$13,333-$120,707
Grants to Domestic Individuals$63,267--$63,267
Payroll Taxes$29,380$7,345-$36,725
Fees for Services Management-$30,000-$30,000
Occupancy$27,586$1,097-$28,683
Depreciation Depletion$25,443$1,339-$26,782
Pension Plan Contributions$20,618$5,155-$25,773
Insurance$19,482$1,025-$20,507
Office Expenses$5,553$12,668-$18,221
Other Expenses$17,804$16,052-$16,052
Fees for Services Accounting-$14,300-$14,300
Interest$9,626$507-$10,133
All Other Expenses$4,286-$3,090$7,376
Fees for Services Other-$3,351$906$4,257
Information Technology$1,246$724-$1,970
Total Functional Expenses$769,136$227,135$6,496$1,002,767

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,002,767
Expenses per Audited Statements$939,500
Total Expenses per Audited Statements$939,500
Expenses Not Reported on Financial Statements$63,267
Other Expense Adjustments$63,267
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tuition Deposits$76,711
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
No
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 B, Line 11

The form 990 is reviewed by the administrative committee before it is submitted to the tax authorities.

Form 990, Part VI, Section C, Line 19

Project learn makes its governing documents, conflict of interest policy, and financial statement available to the public upon request. The documents can be reviewed at the organization's office with an appointment.

Filing and Contact Details

Filer

EIN
23-1744069
Phone
2154383623

Signing Officer

Name
Bruce Pollack-johnson
Title
Treasurer
Phone
2154383632
Signed
2015-03-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bruce Pollack-johnson
Formed
1972
Legal Domicile
Pa
Voting Board Members
13
Independent Board Members
13
Employees
11
Volunteers
50

Preparer

Preparer
Kirk J Eldridge CPA
Phone
2152591000
Supplemental Narrative

Additional Explanations

Part XII, Line 2C Explanation

The process of the administrative committee reviewing the audited financial statements by an independent auditor did not change since the previous year.

Financial Statement Notes

PART V, LINE 4:

Endownment funds were restricted by the board. Since the school has incurred deficits in the last several years, the school discontinued the endownment fund and unrestricted these funds in the fiscal year ending june 30, 2012.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Grants to us individuals 63,267.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Grants to us individuals 63,267.

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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt01097
IRS990/OccupancyGrp/ProgramServicesAmt027586
IRS990/OccupancyGrp/TotalAmt028683
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012668
IRS990/OfficeExpensesGrp/ProgramServicesAmt05553
IRS990/OfficeExpensesGrp/TotalAmt018221
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt013333
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0107374
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0120707
IRS990/OtherExpensesGrp/Desc0BAD DEBTS
IRS990/OtherExpensesGrp/Desc1STUDENT PROGRAMS/SUPPLI
IRS990/OtherExpensesGrp/Desc2REPAIRS
IRS990/OtherExpensesGrp/Desc3RECRUITMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0938
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt116052
IRS990/OtherExpensesGrp/ProgramServicesAmt063270
IRS990/OtherExpensesGrp/ProgramServicesAmt145229
IRS990/OtherExpensesGrp/ProgramServicesAmt217804
IRS990/OtherExpensesGrp/TotalAmt063270
IRS990/OtherExpensesGrp/TotalAmt145229
IRS990/OtherExpensesGrp/TotalAmt218742
IRS990/OtherExpensesGrp/TotalAmt316052
IRS990/OtherLiabilitiesGrp/BOYAmt078703
IRS990/OtherLiabilitiesGrp/EOYAmt076711
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt02500
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt078859
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0147476
IRS990/OtherSalariesAndWagesGrp/TotalAmt0228835
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07345
IRS990/PayrollTaxesGrp/ProgramServicesAmt029380
IRS990/PayrollTaxesGrp/TotalAmt036725
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05155
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt020618
IRS990/PensionPlanContributionsGrp/TotalAmt025773
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015776
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03563
IRS990/PrincipalOfficerNm0BRUCE POLLACK-JOHNSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0884931
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0884931
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt019478
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt059689
IRS990/PYInvestmentIncomeAmt01240
IRS990/PYOtherExpensesAmt0254077
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0881729
IRS990/PYRevenuesLessExpensesAmt08244
IRS990/PYSalariesCompEmpBnftPaidAmt0580437
IRS990/PYTotalExpensesAmt0894203
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0902447
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-77460
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0884931
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0240842
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0240842
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt060849
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt060849
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt060466
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0383
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt060849
IRS990ScheduleD/EquipmentGrp/BookValueAmt015161
IRS990ScheduleD/EquipmentGrp/DepreciationAmt056604
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt071765
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt063267
IRS990ScheduleD/ExpensesSubtotalAmt0939500
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt018698
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0342615
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0361313
IRS990ScheduleD/OtherExpensesNotIncludedAmt063267
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt076711
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TUITION DEPOSITS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt063267
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt063267
IRS990ScheduleD/RevenueSubtotalAmt0862040
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ENDOWNMENT FUNDS WERE RESTRICTED BY THE BOARD. SINCE THE SCHOOL HAS INCURRED DEFICITS IN THE LAST SEVERAL YEARS, THE SCHOOL DISCONTINUED THE ENDOWNMENT FUND AND UNRESTRICTED THESE FUNDS IN THE FISCAL YEAR ENDING JUNE 30, 2012.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1GRANTS TO US INDIVIDUALS 63,267.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2GRANTS TO US INDIVIDUALS 63,267.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt033859
IRS990ScheduleD/TotalExpensesPerForm990Amt01002767
IRS990ScheduleD/TotalLiabilityAmt076711
IRS990ScheduleD/TotalRevenuePerForm990Amt0925307
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0862040
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0939500
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0RACIAL NONDISCRIMINATORY POLICY IS PUBLICIZED IN THE ORGANIZATION'S BROCHURE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE PENNSYLVANIA DEPARTMENT OF REVENUE ALLOWS THE ORGANIZATION TO PURCHASE BOOKS FOR USE IN THE SCHOOL DIRECTLY THROUGH THEIR WEBSITE, AT NO CHARGE TO THE ORGANIZATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt063267
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL AID FOR TUITION
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt026
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0IN JANUARY OF EACH YEAR, EACH FAMILY MAY APPLY FOR FINANCIAL AID. ONCE ALL THE PAPERWORK IS RECEIVED BY THE TUITION AID COMMITTEE, THEY ALLOCATE THE FUNDS FOR FINANCIAL AID AMONG THE APPLICANTS. NEXT, THE COMMITTEE SENDS A LETTER TO EACH FAMILY WHICH STATES THE AMOUNT OF FINANCIAL AID THEY WERE AWARDED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE ADMINISTRATIVE COMMITTEE BEFORE IT IS SUBMITTED TO THE TAX AUTHORITIES.

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