Civic Intelligence

The Learning Company

990 • Fiscal year 2017 • EIN 27-3328809

Jul 01, 2016 to Jun 30, 2017 • Filed on May 14, 2018

Organization ProfileWWW.LEARNINGCOOPERATIVES.ORG
315 W Maple AvenueLanghorne, PA 19047

(609) 851-2522

Siviq Scores

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

Liabilities / Assets

68th percentile

0.15x

Higher debt load relative to assets than 68% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

53rd percentile

0.04x

Higher debt load relative to revenue than 53% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

65th percentile

10%

Higher net margin than 65% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

67th percentile

$53,571

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

90th percentile

57%

Faster asset growth than 90% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

81st percentile

36%

Faster revenue growth than 81% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$203,773

Up $73,802 (+57%) from 2016

Net Assets

Up

$173,373

Up $66,403 (+62%) from 2016

Liabilities

Up

$30,400

Up $7,399 (+32%) from 2016

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin65th percentile

Revenue

Up

$680,132

Up $181,206 (+36%) from 2016

Expenses

Up

$610,410

Up $137,473 (+29%) from 2016

Net Income

Up

$69,722

Up $43,733 (+168%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

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

$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

2017

Assets$203,773
Liabilities$30,400
Net Assets$173,373
Open 2017 Filing

Operations Trend

Revenue Growth81st percentile

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$680,132
Expenses$610,410
Net Income$69,722
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 14, 2018
Return Version
2016v3.0
Gross Receipts
$681,200
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.

The learning company operates centers that helps teenagers live and learn without school by supporting teens to create personalized educations based on their interests, strengths and goals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$102,264$139,325▲ $37,061
Investments in Publicly Traded Securities-$52,397-
Investments Program Related$13,208--
Accounts Receivable$11,799$5,729▼ $6,070
Total Assets$129,971$203,773▲ $73,802
Other Assets Total$2,700$6,322▲ $3,622
Liabilities
Deferred Revenue$19,257$27,027▲ $7,770
Accounts Payable and Accrued Expenses$3,744$3,373▼ $371
Total Liabilities$23,001$30,400▲ $7,399
Net Assets / Fund Balance
Unrestricted Net Assets$106,970$173,373▲ $66,403
Total Net Assets Fund Balance$106,970$173,373▲ $66,403
Total Liabilities and Net Assets / Fund Balance$129,971$203,773▲ $73,802
Compensation and Service Providers
Top Officer Pay67th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Paul ScuttCo-directorFT$53,571$53,571
Joel HammonCo-directorFT$51,786$51,786

Board Members and Trustees

NameTitle
Rob AmbrogiPresident
Julie HoriganVice President
Chris CostaTrustee
David DimiccoTrustee
Christie McdadeSecretary
Holly SaboTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$74,361
Program Service Revenue
$603,000
Investment Income
$874
Other Revenue
$1,897
All Other Contributions
$74,361
Change in Net Assets
$69,722

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$38,946Average Trade
Total Noncash Contributions1$38,946-

Audited Revenue Reconciliation

Revenue per Audited Statements
$401,297
Revenue Not Reported on Financial Statements
$278,835
Revenue Not Reported on Form 990
$598
Other Revenue Adjustments
$278,835
Total Revenue per Audited Statements
$401,895
Total Revenue per Form 990
$680,132
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$278,835
Salaries, Compensation, and Employee Benefits$262,125
Other Expenses$69,450
Total Fundraising Expense$14,545
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$278,835--$278,835
Other Salaries and Wages$73,489$52,978$7,814$134,281
Current Officers, Directors, Trustees, and Key Employees$63,393$36,697$5,268$105,358
Occupancy$38,712$4,301-$43,013
Payroll Taxes$11,214$6,610$1,062$18,886
Insurance$8,019$891-$8,910
Office Expenses$5,488$1,360-$6,848
Pension Plan Contributions$2,700$720$180$3,600
Advertising$1,267--$1,267
Conferences and Meetings$1,155--$1,155
All Other Expenses$550$16$16$582
Other Expenses$426$205$205$426
Fees for Services Legal$75$75-$150
Travel$140--$140
Total Functional Expenses$489,645$106,220$14,545$610,410

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$610,410
Total Expenses per Audited Statements$337,143
Expenses per Audited Statements$331,575
Expenses Not Reported on Financial Statements$278,835
Other Expense Adjustments$278,835
Expenses Not Reported on Form 990$5,568
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$1,068
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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 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, Part VI, Section B, Line 11B

“The organizaiton's form 990 is prepared by an independent cpa firm and a draft of the form 990 is provided to the treasurer who will review the form 990. At the next board meeting, each member of the board is given a copy of the form 990 and the treasurer, along with the co-director, goes over the form 990 answering any questions the board members may have. The board then votes to approve the form 990 or to send it back for revisions.”

Form 990, Part VI, Section B, Line 12C

“Annually the board signs off that each member is not involved with a conflict of interest related to the organization. If a conflict should arise, it will be discussed at the next board meeting and resolved.”

Form 990, Part VI, Section B, Line 15

“The co-directors created a budget that accounted for all overhead expenses first and then were able to determine compensation on what money was left over. The compensation was well below what teachers in the pa and nj area make and are also lower than compensation at similar non-traditional educational institutions. The board reviews and approves the proposed budgets and compensation numbers annually. The board also approves employment contracts that reflect the compensation numbers included in the proposed budgets.”

Form 990, Part VI, Section C, 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
Phone
6098512522
Address
315 W MAPLE AVENUE, LANGHORNE, PA 19047

Signing Officer

Name
Holly L Sabo
Title
Treasurer
Phone
6098512522
Signed
2018-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joel Hammon
Formed
2010
Legal Domicile
Pa
Voting Board Members
6
Independent Board Members
6
Employees
7
Volunteers
45

Preparer

Firm
Mercadien Pc
Address
PO BOX 7648, PRINCETON, NJ 08543-7648
Preparer
Holly L Sabo CPA
Phone
6096899700
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Opening balance audit adjustments 1,652.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expense 1,068.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Tuition reduction 278,835.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expense 1,068.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Tuition reduction 278,835.”

Raw XML AppendixShowing 400 of 475 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/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01062
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06610
IRS990/PayrollTaxesGrp/ProgramServicesAmt011214
IRS990/PayrollTaxesGrp/TotalAmt018886
IRS990/PensionPlanContributionsGrp/FundraisingAmt0180
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0720
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02700
IRS990/PensionPlanContributionsGrp/TotalAmt03600
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JOEL HAMMON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1CONSULTING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0600600
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0600600
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12400
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt016359
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0179260
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt066373
IRS990/PYOtherRevenueAmt0-809
IRS990/PYProgramServiceRevenueAmt0483376
IRS990/PYRevenuesLessExpensesAmt025989
IRS990/PYSalariesCompEmpBnftPaidAmt0227304
IRS990/PYTotalExpensesAmt0472937
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0498926
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt069722
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt02965
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0603000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt074361
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt016359
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt022066
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt033710
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt024685
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0171181
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0874
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0874
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0600600
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0551716
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0388235
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0320185
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0246710
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02107446
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0874
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0874
IRS990ScheduleA/InvestmentIncomeCYPct00.00040
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99960
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt02278627
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0674961
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0568075
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0410301
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0353895
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0271395
IRS990ScheduleA/Total509Grp/TotalAmt02278627
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0675835
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0568075
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0410301
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0353895
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0271395
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02279501
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt04500
IRS990ScheduleD/DonatedServicesUseFcltsAmt04500
IRS990ScheduleD/ExpensesNotReportedAmt05568
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0278835
IRS990ScheduleD/ExpensesSubtotalAmt0331575
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-4970
IRS990ScheduleD/OtherExpensesIncludedAmt01068
IRS990ScheduleD/OtherExpensesNotIncludedAmt0278835
IRS990ScheduleD/OtherRevenueAmt01068
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0278835
IRS990ScheduleD/RevenueNotReportedAmt0598
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0278835
IRS990ScheduleD/RevenueSubtotalAmt0401297
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING EXPENSE 1,068.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1TUITION REDUCTION 278,835.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EXPENSE 1,068.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3TUITION REDUCTION 278,835.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0610410
IRS990ScheduleD/TotalRevenuePerForm990Amt0680132
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0401895
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0337143
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TUITION WAIVER
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt0278835
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0TUITION WAIVER
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt041
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ALL GRANTS ARE IN THE FORM OF NON-CASH TUITION REDUCTION BENEFITS TO PARTICIPANTS IN THE PROGRAM BASED ON NEED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/AssistancePurposeTxt0TUITION ASSISTANCE IS PROVIDED BASED ON NEED TO ALL CHILDREN
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/CashGrantAmt011600
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/RelationshipWithOrgTxt0EMPLOYEE
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/TypeOfAssistanceTxt0TUITION ASSISTANCE
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0AVERAGE TRADE
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt038946
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZAITON'S FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND A DRAFT OF THE FORM 990 IS PROVIDED TO THE TREASURER WHO WILL REVIEW THE FORM 990. AT THE NEXT BOARD MEETING, EACH MEMBER OF THE BOARD IS GIVEN A COPY OF THE FORM 990 AND THE TREASURER, ALONG WITH THE CO-DIRECTOR, GOES OVER THE FORM 990 ANSWERING ANY QUESTIONS THE BOARD MEMBERS MAY HAVE. THE BOARD THEN VOTES TO APPROVE THE FORM 990 OR TO SEND IT BACK FOR REVISIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUALLY THE BOARD SIGNS OFF THAT EACH MEMBER IS NOT INVOLVED WITH A CONFLICT OF INTEREST RELATED TO THE ORGANIZATION. IF A CONFLICT SHOULD ARISE, IT WILL BE DISCUSSED AT THE NEXT BOARD MEETING AND RESOLVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CO-DIRECTORS CREATED A BUDGET THAT ACCOUNTED FOR ALL OVERHEAD EXPENSES FIRST AND THEN WERE ABLE TO DETERMINE COMPENSATION ON WHAT MONEY WAS LEFT OVER. THE COMPENSATION WAS WELL BELOW WHAT TEACHERS IN THE PA AND NJ AREA MAKE AND ARE ALSO LOWER THAN COMPENSATION AT SIMILAR NON-TRADITIONAL EDUCATIONAL INSTITUTIONS. THE BOARD REVIEWS AND APPROVES THE PROPOSED BUDGETS AND COMPENSATION NUMBERS ANNUALLY. THE BOARD ALSO APPROVES EMPLOYMENT CONTRACTS THAT REFLECT THE COMPENSATION NUMBERS INCLUDED IN THE PROPOSED BUDGETS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST WITHIN 72 HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OPENING BALANCE AUDIT ADJUSTMENTS 1,652.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/StatesWhereCopyOfReturnIsFldCd1NJ
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0129971
IRS990/TotalAssetsEOYAmt0203773
IRS990/TotalAssetsGrp/BOYAmt0129971
IRS990/TotalAssetsGrp/EOYAmt0203773
IRS990/TotalCompGreaterThan150KInd00

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$203,773
Liabilities
$30,400
Net assets
$173,373
Revenue
$680,132
Expenses
$610,410
Net income
$69,722
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