Civic Intelligence

The Learning Company

990 • Fiscal year 2023 • EIN 27-3328809

Jul 01, 2022 to Jun 30, 2023 • Filed on Oct 25, 2023

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

64th percentile

0.17x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

49th percentile

0.08x

Higher debt load relative to revenue than 49% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

61st percentile

9.8%

Higher net margin than 61% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

90th percentile

57%

Faster asset growth than 90% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

66th percentile

20%

Faster revenue growth than 66% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets64th percentile

Assets

Up

$611,383

Up $221,518 (+57%) from 2022

Net Assets

Up

$509,019

Up $135,141 (+36%) from 2022

Liabilities

Up

$102,364

Up $86,377 (+540%) from 2022

Revenue And Expenses
Liabilities / Revenue49th percentileNet Margin61st percentile

Revenue

Up

$1,294,745

Up $211,311 (+20%) from 2022

Expenses

Up

$1,167,724

Up $237,339 (+26%) from 2022

Net Income

Down

$127,021

Down $26,028 (-17%) from 2022

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

2023

Assets$611,383
Liabilities$102,364
Net Assets$509,019
Open 2023 Filing

Operations Trend

Revenue Growth66th 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

2023

Revenue$1,294,745
Expenses$1,167,724
Net Income$127,021
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Oct 25, 2023
Return Version
2022v5.0
Gross Receipts
$1,294,745
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$256,576$477,585▲ $221,009
Investments in Publicly Traded Securities$96,646$110,066▲ $13,420
Accounts Receivable$26,312$4,227▼ $22,085
Prepaid Expenses and Deferred Charges$6,131$2,596▼ $3,535
Total Assets$389,865$611,383▲ $221,518
Other Assets Total$4,200$16,909▲ $12,709
Liabilities
Accounts Payable and Accrued Expenses$487$64,355▲ $63,868
Deferred Revenue$15,500$25,300▲ $9,800
Other Liabilities-$12,709-
Total Liabilities$15,987$102,364▲ $86,377
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$373,878$509,019▲ $135,141
Total Net Assets Fund Balance$373,878$509,019▲ $135,141
Total Liabilities and Net Assets / Fund Balance$389,865$611,383▲ $221,518

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$4,200--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Charles KrugerPresident
Patrick SullivanVice President
Joel HammonDirector
Christie McDadeTrustee
Clancy AugustTrustee
David DiMiccoTrustee
Kate DalyTrustee
Rob AmbrogiTrustee
Shelby RobertsSecretary
Joye NagleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$64,895
Program Service Revenue
$1,224,550
Investment Income
$5,300
Other Revenue
$0
All Other Contributions
$64,895
Change in Net Assets
$127,021

Audited Revenue Reconciliation

Revenue per Audited Statements
$956,189
Revenue Not Reported on Financial Statements
$338,556
Revenue Not Reported on Form 990
$8,120
Other Revenue Adjustments
$338,556
Total Revenue per Audited Statements
$964,309
Total Revenue per Form 990
$1,294,745
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$691,118
Grants and Similar Amounts Paid$338,556
Other Expenses$138,050
Total Fundraising Expense$19,464
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$417,723$124,051$15,190$556,964
Grants to Domestic Individuals$338,556--$338,556
Occupancy$71,333$7,926-$79,259
Current Officers, Directors, Trustees, and Key Employees$59,218$17,586$2,153$78,957
Payroll Taxes$41,398$12,294$1,505$55,197
Office Expenses$13,093$2,068$506$15,667
Fees for Services Accounting$7,168$7,168-$14,336
Insurance$8,104$900-$9,004
Travel$6,103--$6,103
Other Expenses$2,786$2,625-$2,625
All Other Expenses--$110$110
Total Functional Expenses$973,642$174,618$19,464$1,167,724

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,167,724
Expenses per Audited Statements$829,168
Total Expenses per Audited Statements$829,168
Expenses Not Reported on Financial Statements$338,556
Other Expense Adjustments$338,556
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$12,709
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
2023-10-25
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
12
Volunteers
60

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

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$611,383
Liabilities
$102,364
Net assets
$509,019
Revenue
$1,294,745
Expenses
$1,167,724
Net income
$127,021
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