Civic Intelligence

The Learning Company

990 • Fiscal year 2021 • EIN 27-3328809

Jul 01, 2020 to Jun 30, 2021 • Filed on Oct 25, 2021

Organization Profilewww.learningcooperatives.org
315 West 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

66th percentile

0.11x

Higher debt load relative to assets than 66% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

53rd percentile

0.04x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

52nd percentile

14%

Higher net margin than 52% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

69th percentile

$53,682

Higher top officer pay than 69% of similar nonprofits.

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

82nd percentile

47%

Faster asset growth than 82% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

58th percentile

23%

Faster revenue growth than 58% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$269,962

Up $86,848 (+47%) from 2020

Net Assets

Up

$240,090

Up $139,594 (+139%) from 2020

Liabilities

Down

$29,872

Down $52,746 (-64%) from 2020

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin52nd percentile

Revenue

Up

$837,471

Up $154,278 (+23%) from 2020

Expenses

Down

$720,895

Down $23,362 (-3.1%) from 2020

Net Income

Up

$116,576

Up $177,640 (+291%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth82nd 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

2021

Assets$269,962
Liabilities$29,872
Net Assets$240,090
Open 2021 Filing

Operations Trend

Revenue Growth58th 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

2021

Revenue$837,471
Expenses$720,895
Net Income$116,576
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Oct 25, 2021
Return Version
2020v4.1
Gross Receipts
$837,471
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$61,428$117,151▲ $55,723
Investments in Publicly Traded Securities$83,285$109,921▲ $26,636
Accounts Receivable$28,882$36,601▲ $7,719
Prepaid Expenses and Deferred Charges$5,319$2,089▼ $3,230
Total Assets$183,114$269,962▲ $86,848
Other Assets Total$4,200$4,200→ $0
Liabilities
Unsecured Notes Loans Payable$66,575--
Deferred Revenue$11,825$29,400▲ $17,575
Accounts Payable and Accrued Expenses$4,218$472▼ $3,746
Total Liabilities$82,618$29,872▼ $52,746
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$100,496$240,090▲ $139,594
Total Net Assets Fund Balance$100,496$240,090▲ $139,594
Total Liabilities and Net Assets / Fund Balance$183,114$269,962▲ $86,848

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$4,200--
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Joel HammonDirectorFT$53,682$53,682

Board Members and Trustees

NameTitle
Christie McDadePresident
Charles KrugerVice President
David DiMiccoTrustee
Kate DalyTrustee
Rob AmbrogiTrustee
Shelby RobertsTrustee
Patrick SullivanSecretary
Joye V NagleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$126,250
Program Service Revenue
$708,846
Investment Income
$2,375
Other Revenue
$0
All Other Contributions
$126,250
Change in Net Assets
$116,576

Audited Revenue Reconciliation

Revenue per Audited Statements
$617,790
Revenue Not Reported on Financial Statements
$219,681
Revenue Not Reported on Form 990
$23,018
Other Revenue Adjustments
$219,681
Total Revenue per Audited Statements
$640,808
Total Revenue per Form 990
$837,471
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$371,992
Grants and Similar Amounts Paid$219,681
Other Expenses$129,222
Total Fundraising Expense$16,293
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$186,684$88,496$12,146$287,326
Grants to Domestic Individuals$219,681--$219,681
Occupancy$62,192$6,910-$69,102
Current Officers, Directors, Trustees, and Key Employees$32,209$18,789$2,684$53,682
Payroll Taxes$18,761$9,172$1,251$29,184
Fees for Services Accounting$8,323$8,322-$16,645
Other Expenses$15,312$4,822-$15,312
Insurance$10,960$1,218-$12,178
Office Expenses$8,186$1,092$22$9,300
Pension Plan Contributions$1,080$630$90$1,800
Fees for Services Other--$100$100
Travel$68--$68
Total Functional Expenses$565,151$139,451$16,293$720,895

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$720,895
Expenses per Audited Statements$501,214
Total Expenses per Audited Statements$501,214
Expenses Not Reported on Financial Statements$219,681
Other Expense Adjustments$219,681
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 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
Address
315 West Maple Avenue, Langhorne, PA 19047

Signing Officer

Name
Joye Nagle
Title
Treasurer
Phone
6098512522
Signed
2021-10-25
Discuss with paid preparer
Yes

Organization Details

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

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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/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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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$269,962
Liabilities
$29,872
Net assets
$240,090
Revenue
$837,471
Expenses
$720,895
Net income
$116,576
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