Civic Intelligence

The Learning Company

990 • Fiscal year 2024 • EIN 27-3328809

Jul 01, 2023 to Jun 30, 2024 • Filed on Sep 18, 2024

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

63rd percentile

0.15x

Higher debt load relative to assets than 63% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

50th percentile

0.08x

Higher debt load relative to revenue than 50% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

56th percentile

7.2%

Higher net margin than 56% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

57th percentile

$79,066

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

81st percentile

23%

Faster asset growth than 81% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

52nd percentile

9.1%

Faster revenue growth than 52% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$753,187

Up $141,804 (+23%) from 2023

Net Assets

Up

$641,895

Up $132,876 (+26%) from 2023

Liabilities

Up

$111,292

Up $8,928 (+8.7%) from 2023

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin56th percentile

Revenue

Up

$1,412,047

Up $117,302 (+9.1%) from 2023

Expenses

Up

$1,309,688

Up $141,964 (+12%) from 2023

Net Income

Down

$102,359

Down $24,662 (-19%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth81st 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

2024

Assets$753,187
Liabilities$111,292
Net Assets$641,895
Open 2024 Filing

Operations Trend

Revenue Growth52nd 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

2024

Revenue$1,412,047
Expenses$1,309,688
Net Income$102,359
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Sep 18, 2024
Return Version
2023v5.1
Gross Receipts
$1,412,047
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$477,585$506,731▲ $29,146
Investments in Publicly Traded Securities$110,066$207,925▲ $97,859
Accounts Receivable$4,227$31,082▲ $26,855
Prepaid Expenses and Deferred Charges$2,596$2,293▼ $303
Total Assets$611,383$753,187▲ $141,804
Other Assets Total$16,909$5,156▼ $11,753
Liabilities
Accounts Payable and Accrued Expenses$64,355$93,286▲ $28,931
Deferred Revenue$25,300$17,050▼ $8,250
Other Liabilities$12,709$956▼ $11,753
Total Liabilities$102,364$111,292▲ $8,928
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$509,019$636,895▲ $127,876
Net Assets With Donor Restrictions-$5,000-
Total Net Assets Fund Balance$509,019$641,895▲ $132,876
Total Liabilities and Net Assets / Fund Balance$611,383$753,187▲ $141,804

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$4,200--
Compensation and Service Providers
Top Officer Pay57th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Joel HammonDirectorFT$79,066$79,066

Board Members and Trustees

NameTitle
Patrick SullivanPresident
Charles KrugerVice President
Christie McDadeTrustee
David DiMiccoTrustee
Kate DalyTrustee
Marc EpsteinTrustee
Rob AmbrogiTrustee
Clancy AugustSecretary
Joye NagleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$42,891
Program Service Revenue
$1,355,024
Investment Income
$14,132
Other Revenue
$0
All Other Contributions
$42,891
Change in Net Assets
$102,359

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,035,284
Revenue Not Reported on Financial Statements
$376,763
Revenue Not Reported on Form 990
$25,516
Other Revenue Adjustments
$376,763
Total Revenue per Audited Statements
$1,060,800
Total Revenue per Form 990
$1,412,047
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$779,892
Grants and Similar Amounts Paid$376,763
Other Expenses$153,033
Total Fundraising Expense$25,576
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$463,916$156,591$19,969$640,476
Grants to Domestic Individuals$376,763--$376,763
Occupancy$73,498$8,166-$81,664
Current Officers, Directors, Trustees, and Key Employees$47,513$27,716$3,959$79,188
Payroll Taxes$46,461$12,261$1,506$60,228
Office Expenses$22,108$24$24$22,156
Fees for Services Accounting$9,094$9,095-$18,189
Insurance$10,660$1,184-$11,844
Travel$4,619--$4,619
Other Expenses$1,733--$1,733
All Other Expenses--$118$118
Total Functional Expenses$1,069,075$215,037$25,576$1,309,688

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,309,687
Expenses per Audited Statements$932,924
Total Expenses per Audited Statements$932,924
Expenses Not Reported on Financial Statements$376,763
Other Expense Adjustments$376,763
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$956
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
2024-09-18
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
13
Volunteers
60

Preparer

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

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“A $5,000 restricted donation was not recorded as revenue but was added to the balance sheet as Net Assets With Donor Restrictions.”

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.”

Raw XML AppendixShowing 400 of 455 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt064355
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt093286
IRS990/AccountsReceivableGrp/BOYAmt04227
IRS990/AccountsReceivableGrp/EOYAmt031082
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0The 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.
IRS990/AllOtherContributionsAmt042891
IRS990/AllOtherExpensesGrp/FundraisingAmt0118
IRS990/AllOtherExpensesGrp/TotalAmt0118
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0Joel Hammon
IRS990/BooksInCareOfDetail/PhoneNum06098512522
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0315 West Maple Avenue
IRS990/BooksInCareOfDetail/USAddress/CityNm0Langhorne
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd019047
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0477585
IRS990/CashNonInterestBearingGrp/EOYAmt0506731
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt03959
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt027716
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt047513
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt079188
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt042891
IRS990/CYGrantsAndSimilarPaidAmt0376763
IRS990/CYInvestmentIncomeAmt014132
IRS990/CYOtherExpensesAmt0153033
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01355024
IRS990/CYRevenuesLessExpensesAmt0102359
IRS990/CYSalariesCompEmpBnftPaidAmt0779892
IRS990/CYTotalExpensesAmt01309688
IRS990/CYTotalFundraisingExpenseAmt025576
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01412047
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt025300
IRS990/DeferredRevenueGrp/EOYAmt017050
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0The Learning Company offers classes, tutoring, mentoring, help finding volunteer and work opportunities, help with college admissions, and a safe and welcoming spaces for teens to work and socialize. We currently operate Princeton Learning Cooperative in Princeton, New Jersey, Bucks Learning Cooperative in Langhorne, Pennsylvania and Raritan Learning Cooperative in Flemington, New Jersey.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt05000
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt013
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01069075
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt09095
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt09094
IRS990/FeesForServicesAccountingGrp/TotalAmt018189
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0Joel Hammon
IRS990/Form990PartVIISectionAGrp/PersonNm1Kate Daly
IRS990/Form990PartVIISectionAGrp/PersonNm2David DiMicco
IRS990/Form990PartVIISectionAGrp/PersonNm3Rob Ambrogi
IRS990/Form990PartVIISectionAGrp/PersonNm4Marc Epstein
IRS990/Form990PartVIISectionAGrp/PersonNm5Christie McDade
IRS990/Form990PartVIISectionAGrp/PersonNm6Clancy August
IRS990/Form990PartVIISectionAGrp/PersonNm7Joye Nagle
IRS990/Form990PartVIISectionAGrp/PersonNm8Charles Kruger
IRS990/Form990PartVIISectionAGrp/PersonNm9Patrick Sullivan
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt079066
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt7Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt8Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt9President
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02010
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantAmt0376763
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0376763
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0376763
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01412047
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01184
IRS990/InsuranceGrp/ProgramServicesAmt010660
IRS990/InsuranceGrp/TotalAmt011844
IRS990/InvestmentIncomeGrp/ExclusionAmt014132
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt014132
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0110066
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0207925
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0509019
IRS990/NetAssetsOrFundBalancesEOYAmt0641895
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt025516
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0509019
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0636895
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt08166
IRS990/OccupancyGrp/ProgramServicesAmt073498
IRS990/OccupancyGrp/TotalAmt081664
IRS990/OfficeExpensesGrp/FundraisingAmt024
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt024
IRS990/OfficeExpensesGrp/ProgramServicesAmt022108
IRS990/OfficeExpensesGrp/TotalAmt022156
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt016909
IRS990/OtherAssetsTotalGrp/EOYAmt05156
IRS990/OtherChangesInNetAssetsAmt05001
IRS990/OtherExpensesGrp/Desc0Program expense
IRS990/OtherExpensesGrp/Desc1Telephone
IRS990/OtherExpensesGrp/Desc2Business registrations
IRS990/OtherExpensesGrp/ProgramServicesAmt010792
IRS990/OtherExpensesGrp/ProgramServicesAmt11918
IRS990/OtherExpensesGrp/ProgramServicesAmt21733
IRS990/OtherExpensesGrp/TotalAmt010792
IRS990/OtherExpensesGrp/TotalAmt11918
IRS990/OtherExpensesGrp/TotalAmt21733
IRS990/OtherLiabilitiesGrp/BOYAmt012709
IRS990/OtherLiabilitiesGrp/EOYAmt0956
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt019969
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0156591
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0463916
IRS990/OtherSalariesAndWagesGrp/TotalAmt0640476
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01506
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012261
IRS990/PayrollTaxesGrp/ProgramServicesAmt046461
IRS990/PayrollTaxesGrp/TotalAmt060228
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02596
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02293
IRS990/PrincipalOfficerNm0Joel Hammon
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0Tuition
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01355024
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01355024
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt064895
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0338556
IRS990/PYInvestmentIncomeAmt05300
IRS990/PYOtherExpensesAmt0138050
IRS990/PYProgramServiceRevenueAmt01224550
IRS990/PYRevenuesLessExpensesAmt0127021
IRS990/PYSalariesCompEmpBnftPaidAmt0691118
IRS990/PYTotalExpensesAmt01167724
IRS990/PYTotalRevenueAmt01294745
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0102359
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01357136
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt040779
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt062835
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt022565
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0121250
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt032559
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0279988
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt014132
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt05300
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt05986
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02375
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03862
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt031655
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01355024
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01224550
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01053452
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0708846
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0643326
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04985198
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt014132
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt05300
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt05986
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02375
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03862
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt031655
IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99400
IRS990ScheduleA/PublicSupportPY509Pct00.99560
IRS990ScheduleA/PublicSupportTotal509Amt05265186
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01395803
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01287385
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01076017
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0830096
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0675885
IRS990ScheduleA/Total509Grp/TotalAmt05265186
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01409935
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01292685
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01082003
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0832471
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0679747
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05296841
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/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0376763
IRS990ScheduleD/ExpensesSubtotalAmt0932924
IRS990ScheduleD/NetUnrealizedGainsInvstAmt025516
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0956
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt14200
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Operating Lease right-of-use asset
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Security Deposit
IRS990ScheduleD/OtherExpensesNotIncludedAmt0376763
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0956
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Operating Lease Liability
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0376763
IRS990ScheduleD/RevenueNotReportedAmt025516
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0376763
IRS990ScheduleD/RevenueSubtotalAmt01035284
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05156
IRS990ScheduleD/TotalExpensesPerForm990Amt01309687
IRS990ScheduleD/TotalLiabilityAmt0956
IRS990ScheduleD/TotalRevenuePerForm990Amt01412047
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01060800
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0932924
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Tuition Waiver
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt0376763
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0Tuition Waiver
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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/ExplanationTxt5A $5,000 restricted donation was not recorded as revenue but was added to the balance sheet as Net Assets With Donor Restrictions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Part 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/FormAndLineReferenceDesc5Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6General explanation attachment
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/StatesWhereCopyOfReturnIsFldCd1PA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0611383
IRS990/TotalAssetsEOYAmt0753187
IRS990/TotalAssetsGrp/BOYAmt0611383
IRS990/TotalAssetsGrp/EOYAmt0753187
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt042891
IRS990/TotalEmployeeCnt013
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt025576
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0215037
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01069075
IRS990/TotalFunctionalExpensesGrp/TotalAmt01309688
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0102364
IRS990/TotalLiabilitiesEOYAmt0111292

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$753,187
Liabilities
$111,292
Net assets
$641,895
Revenue
$1,412,047
Expenses
$1,309,688
Net income
$102,359
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