Civic Intelligence

The Learning Company

990 • Fiscal year 2019 • EIN 27-3328809

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 15, 2020

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

64th percentile

0.10x

Higher debt load relative to assets than 64% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

46th percentile

0.02x

Higher debt load relative to revenue than 46% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

47th percentile

2.4%

Higher net margin than 47% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

69th percentile

$55,162

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 6.4% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

20th percentile

-6.7%

Faster asset growth than 20% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2019

Revenue Growth

65th percentile

13%

Faster revenue growth than 65% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2019

Balance Sheet
Liabilities / Assets64th percentile

Assets

Down

$177,227

Down $26,546 (-13%) from 2017

Net Assets

Down

$159,504

Down $13,869 (-8.0%) from 2017

Liabilities

Down

$17,723

Down $12,677 (-42%) from 2017

Revenue And Expenses
Liabilities / Revenue46th percentileNet Margin47th percentile

Revenue

Up

$866,477

Up $186,345 (+27%) from 2017

Expenses

Up

$845,766

Up $235,356 (+39%) from 2017

Net Income

Down

$20,711

Down $49,011 (-70%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth20th 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

2019

Assets$177,227
Liabilities$17,723
Net Assets$159,504
Open 2019 Filing

Operations Trend

Revenue Growth65th 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

2019

Revenue$866,477
Expenses$845,766
Net Income$20,711
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 15, 2020
Return Version
2018v3.2
Gross Receipts
$885,471
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
Investments in Publicly Traded Securities$69,347$77,419▲ $8,072
Cash and Non-Interest-Bearing Accounts$73,030$73,038▲ $8
Accounts Receivable$12,585$19,858▲ $7,273
Total Assets$161,283$177,227▲ $15,944
Other Assets Total$6,321$6,912▲ $591
Liabilities
Deferred Revenue$21,950$15,525▼ $6,425
Accounts Payable and Accrued Expenses$2,127$2,198▲ $71
Total Liabilities$24,077$17,723▼ $6,354
Net Assets / Fund Balance
Unrestricted Net Assets$137,206$159,504▲ $22,298
Total Net Assets Fund Balance$137,206$159,504▲ $22,298
Total Liabilities and Net Assets / Fund Balance$161,283$177,227▲ $15,944
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Paul ScuttCo-directorFT$55,162$55,162
Joel HammonCo-directorFT$53,323$53,323

Board Members and Trustees

NameTitle
Christie McdadePresident
Rob AmbrogiVice President
Chris CostaTrustee
David DimiccoTrustee
Julie HoriganTrustee
Kate DalyTrustee
Patrick SullivanTrustee
Charles KrugerSecretary
Holly SaboTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$39,633
Program Service Revenue
$817,818
Investment Income
$6,406
Other Revenue
$2,620
All Other Contributions
$39,633
Change in Net Assets
$20,711

Audited Revenue Reconciliation

Revenue per Audited Statements
$502,397
Revenue Not Reported on Financial Statements
$364,080
Revenue Not Reported on Form 990
$6,088
Other Revenue Adjustments
$364,080
Total Revenue per Audited Statements
$508,485
Total Revenue per Form 990
$866,477
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$366,042
Grants and Similar Amounts Paid$364,080
Other Expenses$115,644
Total Fundraising Expense$15,836
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$364,080--$364,080
Other Salaries and Wages$147,956$69,972$9,182$227,110
Current Officers, Directors, Trustees, and Key Employees$76,124$26,937$5,424$108,485
Occupancy$64,529$7,170-$71,699
Payroll Taxes$18,625$7,215$1,007$26,847
Insurance$11,305$1,256-$12,561
Office Expenses$7,009$2,090-$9,099
Fees for Services Accounting$4,280$4,280-$8,560
Other Employee Benefits$2,160$1,260$180$3,600
Advertising$2,169--$2,169
Conferences and Meetings$1,196--$1,196
Fees for Services Legal$289$289-$578
Other Expenses$331$41$41$413
All Other Expenses$323$2$2$327
Travel$63--$63
Total Functional Expenses$702,773$127,157$15,836$845,766

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$845,766
Total Expenses per Audited Statements$486,186
Expenses per Audited Statements$481,686
Expenses Not Reported on Financial Statements$364,080
Other Expense Adjustments$364,080
Expenses Not Reported on Form 990$4,500
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
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
2020-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joel Hammon
Formed
2010
Legal Domicile
Pa
Voting Board Members
9
Independent Board Members
9
Employees
8
Volunteers
45

Preparer

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

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Tuition reduction 364,080.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Tuition reduction 364,080.”

Raw XML AppendixShowing 400 of 489 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 VARIOUS COMMUNITIES IN NEW JERSEY AND PENNSYLVANIA.
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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06321
IRS990/OtherAssetsTotalGrp/EOYAmt06912
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0180
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01260
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt02160
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03600
IRS990/OtherExpensesGrp/Desc0BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc1REGISTRATION
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/Desc3PRINTING AND COPYING
IRS990/OtherExpensesGrp/FundraisingAmt041
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03800
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12845
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt241
IRS990/OtherExpensesGrp/ProgramServicesAmt02334
IRS990/OtherExpensesGrp/ProgramServicesAmt1331
IRS990/OtherExpensesGrp/TotalAmt03800
IRS990/OtherExpensesGrp/TotalAmt12845
IRS990/OtherExpensesGrp/TotalAmt22334
IRS990/OtherExpensesGrp/TotalAmt3413
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt09182
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt069972
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0147956
IRS990/OtherSalariesAndWagesGrp/TotalAmt0227110
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01007
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07215
IRS990/PayrollTaxesGrp/ProgramServicesAmt018625
IRS990/PayrollTaxesGrp/TotalAmt026847
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JOEL HAMMON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1CONSULTING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0816218
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11600
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0816218
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11600
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt035809
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0322197
IRS990/PYInvestmentIncomeAmt0-7144
IRS990/PYOtherExpensesAmt0100292
IRS990/PYOtherRevenueAmt02164
IRS990/PYProgramServiceRevenueAmt0697012
IRS990/PYRevenuesLessExpensesAmt0-41398
IRS990/PYSalariesCompEmpBnftPaidAmt0346750
IRS990/PYTotalExpensesAmt0769239
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0727841
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt020711
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt02620
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0820925
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt038789
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt040290
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt074361
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt016359
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt022066
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0191865
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt03298
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01634
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0874
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05806
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0811960
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0696052
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0600600
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0551716
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0388235
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03048563
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03298
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01634
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0874
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05806
IRS990ScheduleA/InvestmentIncomeCYPct00.00180
IRS990ScheduleA/InvestmentIncomePYPct00.00090
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99820
IRS990ScheduleA/PublicSupportPY509Pct00.99910
IRS990ScheduleA/PublicSupportTotal509Amt03240428
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0850749
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0736342
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0674961
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0568075
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0410301
IRS990ScheduleA/Total509Grp/TotalAmt03240428
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0854047
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0737976
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0675835
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0568075
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0410301
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03246234
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/ExpensesNotReportedAmt04500
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0364080
IRS990ScheduleD/ExpensesSubtotalAmt0481686
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01588
IRS990ScheduleD/OtherExpensesNotIncludedAmt0364080
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0364080
IRS990ScheduleD/RevenueNotReportedAmt06088
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0364080
IRS990ScheduleD/RevenueSubtotalAmt0502397
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TUITION REDUCTION 364,080.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1TUITION REDUCTION 364,080.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0845766
IRS990ScheduleD/TotalRevenuePerForm990Amt0866477
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0508485
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0486186
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TUITION WAIVER
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt0364080
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0TUITION WAIVER
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/RelationshipWithOrgTxt0EMPLOYEE
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/TypeOfAssistanceTxt0TUITION ASSISTANCE
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/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
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0PA

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$177,227
Liabilities
$17,723
Net assets
$159,504
Revenue
$866,477
Expenses
$845,766
Net income
$20,711
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