Civic Intelligence

The Learning Company

EIN 27-3328809 • 501(c)3 • Langhorne, PA

Profile

The Learning Company is a group of local centers that make living and learning without school an option for teens. We provide academic and non-academic support as well as a supportive community for teens to pursue their education. We operate centers in three communities.

315 West Maple AvenueLanghorne, PA 19047

www.learningcooperatives.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

56th percentile

0.10x

Higher debt load relative to assets than 56% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

47th percentile

0.06x

Higher debt load relative to revenue than 47% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

43rd percentile

1.6%

Higher net margin than 43% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

80th percentile

23%

Faster asset growth than 80% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2025

Revenue Growth

38th percentile

1.2%

Faster revenue growth than 38% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2025

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$721,762

Down $31,425 (-4.2%) from 2024

Liabilities

Down

$70,887

Down $40,405 (-36%) from 2024

Net Assets

Up

$650,875

Up $8,980 (+1.4%) from 2024

Operations
Liabilities / Revenue47th percentileNet Margin43rd percentile

Revenue

Down

$1,122,595

Down $289,452 (-20%) from 2024

Expenses

Down

$1,104,991

Down $204,697 (-16%) from 2024

Net Income

Down

$17,604

Down $84,755 (-83%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth80th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2012: $37,743Liabilities 2012: $5,075Net Assets 2012: $32,6682012Assets 2013: $210,652Liabilities 2013: $157,772Net Assets 2013: $52,8802013Assets 2014: $89,973Liabilities 2014: $15,424Net Assets 2014: $74,5492014Assets 2016: $129,971Liabilities 2016: $23,001Net Assets 2016: $106,9702016Assets 2017: $203,773Liabilities 2017: $30,400Net Assets 2017: $173,3732017Assets 2019: $177,227Liabilities 2019: $17,723Net Assets 2019: $159,5042019Assets 2020: $183,114Liabilities 2020: $82,618Net Assets 2020: $100,4962020Assets 2021: $269,962Liabilities 2021: $29,872Net Assets 2021: $240,0902021Assets 2022: $389,865Liabilities 2022: $15,987Net Assets 2022: $373,8782022Assets 2023: $611,383Liabilities 2023: $102,364Net Assets 2023: $509,0192023Assets 2024: $753,187Liabilities 2024: $111,292Net Assets 2024: $641,8952024Assets 2025: $721,762Liabilities 2025: $70,887Net Assets 2025: $650,8752025

Highlighted filing

2025

Assets$721,762
Liabilities$70,887
Net Assets$650,875
Open 2025 Filing

Operations Trend

Revenue Growth38th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2012: $88,3192012Expenses 2013: $250,4572013Revenue 2014: $359,632Expenses 2014: $337,963Net Income 2014: $21,6692014Revenue 2016: $498,926Expenses 2016: $472,937Net Income 2016: $25,9892016Revenue 2017: $680,132Expenses 2017: $610,410Net Income 2017: $69,7222017Revenue 2019: $866,477Expenses 2019: $845,766Net Income 2019: $20,7112019Revenue 2020: $683,193Expenses 2020: $744,257Net Income 2020: -$61,0642020Revenue 2021: $837,471Expenses 2021: $720,895Net Income 2021: $116,5762021Revenue 2022: $1,083,434Expenses 2022: $930,385Net Income 2022: $153,0492022Revenue 2023: $1,294,745Expenses 2023: $1,167,724Net Income 2023: $127,0212023Revenue 2024: $1,412,047Expenses 2024: $1,309,688Net Income 2024: $102,3592024Revenue 2025: $1,122,595Expenses 2025: $1,104,991Net Income 2025: $17,6042025

Highlighted filing

2025

Revenue$1,122,595
Expenses$1,104,991
Net Income$17,604
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$721,762
Liabilities
$70,887
Net assets
$650,875
Revenue
$1,122,595
Expenses
$1,104,991
Net income
$17,604
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.07$0.65$1.12$1.10$0.02
2024Detailed filing. Detailed filing data is available for this year.$0.75$0.11$0.64$1.41$1.31$0.10
2023Detailed filing. Detailed filing data is available for this year.$0.61$0.10$0.51$1.29$1.17$0.13
2022Detailed filing. Detailed filing data is available for this year.$0.39$0.02$0.37$1.08$0.93$0.15
2021Detailed filing. Detailed filing data is available for this year.$0.27$0.03$0.24$0.84$0.72$0.12
2020Detailed filing. Detailed filing data is available for this year.$0.18$0.08$0.10$0.68$0.74$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.18$0.02$0.16$0.87$0.85$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.20$0.03$0.17$0.68$0.61$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.13$0.02$0.11$0.50$0.47$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.09$0.02$0.07$0.36$0.34$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.21$0.16$0.05$0.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.04$0.01$0.03$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$1,122,595
Mission and Program Overview

Mission

The Learning Company is a group of local centers that make living and learning without school an option for teens. We provide academic and non-academic support as well as a supportive community for teens to pursue their education. We operate centers in three communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$506,731$435,354▼ $71,377
Investments in Publicly Traded Securities$207,925$234,181▲ $26,256
Land, Buildings, and Equipment, Net-$6,601-
Prepaid Expenses and Deferred Charges$2,293$3,990▲ $1,697
Accounts Receivable$31,082$2,889▼ $28,193
Total Assets$753,187$721,762▼ $31,425
Other Assets Total$5,156$38,747▲ $33,591
Liabilities
Deferred Revenue$17,050$36,515▲ $19,465
Other Liabilities$956$33,167▲ $32,211
Accounts Payable and Accrued Expenses$93,286$1,205▼ $92,081
Total Liabilities$111,292$70,887▼ $40,405
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$636,895$639,429▲ $2,534
Net Assets With Donor Restrictions$5,000$11,446▲ $6,446
Total Net Assets Fund Balance$641,895$650,875▲ $8,980
Total Liabilities and Net Assets / Fund Balance$753,187$721,762▼ $31,425

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$6,601--
Other Assets Org$4,200--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Joel HammonDirectorFT$67,089$67,089

Board Members and Trustees

NameTitle
Charles KrugerPresident
Patrick SullivanPresident
Christie McDadeTrustee
David DiMiccoTrustee
Marc EpsteinTrustee
Melissa CabralTrustee
Clancy AugustSecretary
Joye NagleTreasurer
Mark ShapiroTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$51,976
Program Service Revenue
$1,045,586
Investment Income
$25,033
Other Revenue
$0
All Other Contributions
$51,976
Change in Net Assets
$17,604

Audited Revenue Reconciliation

Revenue per Audited Statements
$835,980
Revenue Not Reported on Financial Statements
$286,615
Revenue Not Reported on Form 990
$9,026
Other Revenue Adjustments
$286,615
Total Revenue per Audited Statements
$845,006
Total Revenue per Form 990
$1,122,595
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$651,555
Grants and Similar Amounts Paid$286,615
Other Expenses$166,821
Total Fundraising Expense$21,338
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$369,439$122,800$16,135$508,374
Grants to Domestic Individuals$286,615--$286,615
Occupancy$80,528$8,947-$89,475
Current Officers, Directors, Trustees, and Key Employees$33,380$19,472$2,782$55,634
Payroll Taxes$35,454$10,529$1,289$47,272
Other Employee Benefits$30,207$8,970$1,098$40,275
Office Expenses$26,390--$26,390
Fees for Services Accounting$10,246$10,247-$20,493
Insurance$14,358$1,595-$15,953
Travel$3,426--$3,426
Other Expenses$400--$400
All Other Expenses--$34$34
Total Functional Expenses$901,093$182,560$21,338$1,104,991

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,104,991
Expenses per Audited Statements$818,376
Total Expenses per Audited Statements$818,376
Expenses Not Reported on Financial Statements$286,615
Other Expense Adjustments$286,615
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$33,167
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
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 governing body review Part VI line 11

“The Organizations form 990 is prepared by a CPA and a draft of the form 990 is provided to the Treasurer who reviews the document. At the next Board meeting, each member of the Board is provided with a copy of the form 990. The Treasurer, along with the Director, goes over the 990 answering any questions the Board members may have. The Board then votes to approve the form 990 or sends it back for revisions.”

Conflict of interest policy compliance Part VI line 12C

“Annually, each member of the Board signs off regarding their involvement with any conflicts of interest related to the Organization. If a conflict should arise, it is discussed and resolved at the next Board meeting.”

CEO executive director top management comp Part VI line 15A

“The Director creates a budget that accounts for all overhead expenses and then determines compensation based on remaining funds. Compensation is less than what public school teachers in the NJ and PA area earn. The Board reviews and approves the proposed budgets and compensation numbers annually. The Board also approves employment contracts that reflect the compensation levels included in the proposed budgets.”

Other officer or key employee compensation Part VI line 15B

“The Director creates a budget that accounts for all overhead expenses and then determines compensation based on remaining funds. Compensation is less than what public school teachers in the NJ and PA area earn. The Board reviews and approves the proposed budgets and compensation numbers annually. The Board also approves employment contracts that reflect the compensation levels included in the proposed budget.”

Governing documents etc available to public Part VI line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request within 72 hours.”

Filing and Contact Details

Filer

Filer Name
The Learning Company
EIN
27-3328809
In Care Of
% Mark Shapiro
Phone
6098512522
Address
315 West Maple Avenue, Langhorne, PA 19047

Signing Officer

Name
Mark Shapiro
Title
Treasurer
Phone
6098512522
Signed
2025-11-11
Discuss with paid preparer
No

Organization Details

Principal Officer
Joel Hammon
Formed
2010
Legal Domicile
Pa
Voting Board Members
8
Independent Board Members
8
Employees
12
Volunteers
50

Preparer

Firm
Jay Aronowitz CPA
Address
49 Independence Drive, Monroe Township, NJ 08831
Preparer
Jay Aronowitz
Phone
6096193038
Supplemental Narrative

Additional Explanations

General explanation attachment

“Part 1 Line 1-Additional Description of Organization Mission-The Learning Company operates centers that support teens to create personalized education based on their interests, strenghts and goals.”

Financial Statement Notes

Part XI, Line 4B-Other revenue not included on Sch D but on 990

“Tuition Waiver”

Part XII, Line 4B-Other expenses not included on Sch D but on 990

“Tuition Waiver”

Raw XML AppendixShowing 400 of 482 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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IRS990/MissionDesc0The Learning Company is a group of local centers that make living and learning without school an option for teens. We provide academic and non-academic support as well as a supportive community for teens to pursue their education. We operate centers in three communities.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organizations form 990 is prepared by a CPA and a draft of the form 990 is provided to the Treasurer who reviews the document. At the next Board meeting, each member of the Board is provided with a copy of the form 990. The Treasurer, along with the Director, goes over the 990 answering any questions the Board members may have. The Board then votes to approve the form 990 or sends it back for revisions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Annually, each member of the Board signs off regarding their involvement with any conflicts of interest related to the Organization. If a conflict should arise, it is discussed and resolved at the next Board meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Director creates a budget that accounts for all overhead expenses and then determines compensation based on remaining funds. Compensation is less than what public school teachers in the NJ and PA area earn. The Board reviews and approves the proposed budgets and compensation numbers annually. The Board also approves employment contracts that reflect the compensation levels included in the proposed budgets.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Director creates a budget that accounts for all overhead expenses and then determines compensation based on remaining funds. Compensation is less than what public school teachers in the NJ and PA area earn. The Board reviews and approves the proposed budgets and compensation numbers annually. The Board also approves employment contracts that reflect the compensation levels included in the proposed budget.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request within 72 hours.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Part 1 Line 1-Additional Description of Organization Mission-The Learning Company operates centers that support teens to create personalized education based on their interests, strenghts and goals.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5General explanation attachment
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