Civic Intelligence

Lawndale Educational and Regional Network Charter School

990 • Fiscal year 2015 • EIN 36-4439074

Jul 01, 2014 to Jun 30, 2015 • Filed on May 16, 2016

Organization ProfileWWW.LEARNCHARTER.ORG

View Organization Page

3021 W Carroll AveChicago, IL 60612

(773) 358-3908

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.53x

Higher debt load relative to assets than 72% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

57th percentile

0.43x

Higher debt load relative to revenue than 57% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Net Margin

61st percentile

7.7%

Higher net margin than 61% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

68th percentile

$333,434

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Asset Growth

76th percentile

10%

Faster asset growth than 76% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

65th percentile

9.4%

Faster revenue growth than 65% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$33,540,920

Up $3,115,408 (+10%) from 2014

Net Assets

Up

$15,730,575

Up $3,255,058 (+26%) from 2014

Liabilities

Down

$17,810,345

Down $139,650 (-0.8%) from 2014

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin61st percentile

Revenue

Up

$41,276,847

Up $3,536,724 (+9.4%) from 2014

Expenses

Up

$38,102,400

Up $2,451,277 (+6.9%) from 2014

Net Income

Up

$3,174,447

Up $1,085,447 (+52%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

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

$150M$100M$50M$0Assets 2011: $12,503,789Liabilities 2011: $4,401,632Net Assets 2011: $8,102,1572011Assets 2012: $16,596,685Liabilities 2012: $8,686,349Net Assets 2012: $7,910,3362012Assets 2013: $28,824,903Liabilities 2013: $18,320,519Net Assets 2013: $10,504,3842013Assets 2014: $30,425,512Liabilities 2014: $17,949,995Net Assets 2014: $12,475,5172014Assets 2015: $33,540,920Liabilities 2015: $17,810,345Net Assets 2015: $15,730,5752015Assets 2016: $37,349,634Liabilities 2016: $18,793,121Net Assets 2016: $18,556,5132016Assets 2017: $43,331,119Liabilities 2017: $18,134,973Net Assets 2017: $25,196,1462017Assets 2020: $56,924,926Liabilities 2020: $23,835,561Net Assets 2020: $33,089,3652020Assets 2021: $67,406,179Liabilities 2021: $19,795,718Net Assets 2021: $47,610,4612021Assets 2024: $104,559,199Liabilities 2024: $37,916,596Net Assets 2024: $66,642,6032024

Highlighted filing

2015

Assets$33,540,920
Liabilities$17,810,345
Net Assets$15,730,575
Open 2015 Filing

Operations Trend

Revenue Growth65th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100M$50M$0Expenses 2011: $13,620,7152011Expenses 2012: $19,013,2402012Expenses 2013: $25,055,4442013Revenue 2014: $37,740,123Expenses 2014: $35,651,123Net Income 2014: $2,089,0002014Revenue 2015: $41,276,847Expenses 2015: $38,102,400Net Income 2015: $3,174,4472015Revenue 2016: $45,628,298Expenses 2016: $42,140,507Net Income 2016: $3,487,7912016Revenue 2017: $49,017,193Expenses 2017: $42,869,112Net Income 2017: $6,148,0812017Revenue 2020: $64,950,663Expenses 2020: $58,273,207Net Income 2020: $6,677,4562020Revenue 2021: $92,698,092Expenses 2021: $60,644,996Net Income 2021: $32,053,0962021Revenue 2024: $83,162,872Expenses 2024: $81,108,474Net Income 2024: $2,054,3982024

Highlighted filing

2015

Revenue$41,276,847
Expenses$38,102,400
Net Income$3,174,447
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 16, 2016
Return Version
2014v6.0
Gross Receipts
$41,276,847
Mission and Program Overview

Mission

Provide students with the academic foundation and ambition to earn a college degree.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$11,368,000$11,368,000→ $0
Land, Buildings, and Equipment, Net$12,148,808$11,331,865▼ $816,943
Savings and Temporary Cash Investments$3,494,433$7,162,640▲ $3,668,207
Pledges and Grants Receivable$2,032,988$2,135,484▲ $102,496
Prepaid Expenses and Deferred Charges$187,441$498,776▲ $311,335
Accounts Receivable$619,235$256,471▼ $362,764
Cash and Non-Interest-Bearing Accounts$128,449$233,897▲ $105,448
Total Assets$30,425,512$33,540,920▲ $3,115,408
Other Assets Total$446,158$553,787▲ $107,629
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,712,680$11,353,471▼ $359,209
Tax Exempt Bond Liabilities$5,117,982$4,886,226▼ $231,756
Accounts Payable and Accrued Expenses$759,418$1,474,676▲ $715,258
Other Liabilities$117,759$0▼ $117,759
Deferred Revenue$242,156$95,972▼ $146,184
Total Liabilities$17,949,995$17,810,345▼ $139,650
Net Assets / Fund Balance
Unrestricted Net Assets$11,458,516$15,031,494▲ $3,572,978
Temporarily Rstr Net Assets$1,017,001$699,081▼ $317,920
Total Net Assets Fund Balance$12,475,517$15,730,575▲ $3,255,058
Total Liabilities and Net Assets / Fund Balance$30,425,512$33,540,920▲ $3,115,408

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,766,551$2,046,694$9,813,245
Equipment$717,060$1,915,011$2,632,071
Leasehold Improvements$1,263,320$269,349$1,532,669
Other Land Buildings$839,431$294,056$1,133,487
Land$745,503-$745,503
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Greg WhitePresident and CEOFT$266,344$67,090$333,434
Robin JohnsonPrincipalFT$134,126$27,221$161,347
Elizabeth GoettlChief Academic OfficerFT$132,742$18,104$150,846
Joycelynn StoneDirector of FinanceFT$122,945$15,124$138,069
Chris MaynardDirector of TechnologyFT$118,939$15,213$134,152
Sekou RobertsonPrincipalFT$119,508$6,129$125,637

Board Members and Trustees

NameTitle
Loren BeadleChairperson
Bryan SchneiderBoard Member
Charles CampbellBoard Member
Dan FahnerBoard Member
Katie MaccarthyBoard Member
Leslie AndersonBoard Member
Margaret RomanoBoard Member
Susan SnyderBoard Member
Vineeta RaketichBoard Member
Jennifer MolinarSecretary
Janice LucchesiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,639,045
Program Service Revenue
$36,115,121
Investment Income
$522,681
Other Revenue
$0
All Other Contributions
$4,639,045
Change in Net Assets
$3,174,447

Audited Revenue Reconciliation

Revenue per Audited Statements
$41,237,302
Revenue Not Reported on Financial Statements
$39,545
Revenue Not Reported on Form 990
$830,205
Other Revenue Adjustments
$39,545
Total Revenue per Audited Statements
$42,067,507
Total Revenue per Form 990
$41,276,847
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$25,951,843
Other Expenses$12,150,557
Total Fundraising Expense$347,338
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$20,121,358$1,208,919$264,938$21,595,215
Occupancy$3,516,499--$3,516,499
Pension Plan Contributions$1,854,727$125,806$24,245$2,004,778
Office Expenses$1,680,854$127,729$27,370$1,835,953
Fees for Services Other$1,397,931$246,694-$1,644,625
Other Employee Benefits$1,032,141$77,512$13,288$1,122,941
Payroll Taxes$829,299$63,236$10,841$903,376
Interest$890,121--$890,121
Depreciation Depletion$742,855$131,092-$873,947
All Other Expenses$117,915$648,108-$766,023
Fees for Services Legal$357,062$63,011-$420,073
Current Officers, Directors, Trustees, and Key Employees-$325,533-$325,533
Insurance$178,459$31,493-$209,952
Fees for Services Accounting$51,677$9,120-$60,797
Travel$48,958$8,640-$57,598
Other Expenses$39,545$31,063$6,656$39,545
Total Functional Expenses$34,657,106$3,097,956$347,338$38,102,400

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$39,335,269
Total Expenses per Form 990$38,102,400
Expenses per Audited Statements$38,062,855
Expenses Not Reported on Form 990$1,272,414
Expenses Not Reported on Financial Statements$39,545
Other Expense Adjustments$39,545
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

Bond Issues

BondIssuerIssuedIssue PricePurpose
AIllinois Finance Authority2013-01-31$5,446,303Retire bond debt from revenue bond of 2011

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$5,446,303-$559,677-

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The form 990 is reviewed by the director of finance, the ceo and the board treasurer. The tax return will then be filed. This year, due to the timing of the audit and the board meetings, the return will be distributed to the board as soon as the return is complete.”

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

“The organization regularly monitors and enforces compliance with this policy by annually requiring each board member to sign a statement affirming that they have read, understand, and agree to comply with the policy.”

Form 990, Part VI, Section B, Line 15

“Officers of the organization serve as the compensation committee, which discusses and approves the ceo and president's compensation and contract.”

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.”

Filing and Contact Details

Filer

Filer Name
Learn Charter School
EIN
36-4439074
Phone
7733583908
Address
3021 W CARROLL AVE, CHICAGO, IL 60612

Signing Officer

Name
Gregory White
Title
CEO & President
Phone
7733583908
Signed
2016-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory White
Formed
2000
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
651
Volunteers
30

Preparer

Firm
Plante & Moran Pllc
Address
10 S RIVERSIDE PLAZA 9TH FLOOR, CHICAGO, IL 60606
Preparer
Lu Ann Trapp
Phone
3122071040
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in fair value of derivative 80,611.”

Financial Statement Notes

PART X, LINE 2:

“Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the learn and recognize a tax liability if learn has taken an uncertain position that more likely than not would not be sustained upon examination by the irs or other applicable taxing authorities. Management has analyzed the tax positions taken by learn and has concluded that as of june 30, 2015, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability or disclosure in the consolidated financial statements. Learn is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for years prior to 2012.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Revenue and elim. Entries from affiliated organizations on consol. Fs 283. Change in fair value of derivative 80,611.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Write off of pledges receivable included in gross revenue on fs 39,545.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Expenses and elim. Entries from affiliated organizations on consol. Fs 523,103.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Write off of pledges receivable included in gross revenue on fs 39,545.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRESIDENT AND CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHIEF ACADEMIC OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt13PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt14PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR OF TECHNOLOGY
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR OF FINANCE
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02000
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt041276847
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt010
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt031493
IRS990/InsuranceGrp/ProgramServicesAmt0178459
IRS990/InsuranceGrp/TotalAmt0209952
IRS990/InterestGrp/ProgramServicesAmt0890121
IRS990/InterestGrp/TotalAmt0890121
IRS990/InvestmentIncomeGrp/ExclusionAmt0522681
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0522681
IRS990/InvestmentInJointVentureInd01
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt077
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04525110
IRS990/LandBldgEquipBasisNetGrp/BOYAmt012148808
IRS990/LandBldgEquipBasisNetGrp/EOYAmt011331865
IRS990/LandBldgEquipCostOrOtherBssAmt015856975
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDE STUDENTS WITH THE ACADEMIC FOUNDATION AND AMBITION TO EARN A COLLEGE DEGREE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt011712680
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt011353471
IRS990/NetAssetsOrFundBalancesBOYAmt012475517
IRS990/NetAssetsOrFundBalancesEOYAmt015730575
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt03516499
IRS990/OccupancyGrp/TotalAmt03516499
IRS990/OfficeExpensesGrp/FundraisingAmt027370
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0127729
IRS990/OfficeExpensesGrp/ProgramServicesAmt01680854
IRS990/OfficeExpensesGrp/TotalAmt01835953
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0446158
IRS990/OtherAssetsTotalGrp/EOYAmt0553787
IRS990/OtherChangesInNetAssetsAmt080611
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt013288
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt077512
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01032141
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01122941
IRS990/OtherExpensesGrp/Desc0EDUCATIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc1EMPLOYEE RELATIONS
IRS990/OtherExpensesGrp/Desc2WRITE OFF OF PLEDGES RE
IRS990/OtherExpensesGrp/FundraisingAmt06656
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt031063
IRS990/OtherExpensesGrp/ProgramServicesAmt01391665
IRS990/OtherExpensesGrp/ProgramServicesAmt1406040
IRS990/OtherExpensesGrp/ProgramServicesAmt239545
IRS990/OtherExpensesGrp/TotalAmt01391665
IRS990/OtherExpensesGrp/TotalAmt1443759
IRS990/OtherExpensesGrp/TotalAmt239545
IRS990/OtherLiabilitiesGrp/BOYAmt0117759
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0264938
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01208919
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt020121358
IRS990/OtherSalariesAndWagesGrp/TotalAmt021595215
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt011368000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt011368000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt010841
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt063236
IRS990/PayrollTaxesGrp/ProgramServicesAmt0829299
IRS990/PayrollTaxesGrp/TotalAmt0903376
IRS990/PensionPlanContributionsGrp/FundraisingAmt024245
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0125806
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01854727
IRS990/PensionPlanContributionsGrp/TotalAmt02004778
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02032988
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02135484
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0187441
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0498776
IRS990/PrincipalOfficerNm0GREGORY WHITE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0CHARTER SCHOOL FUNDING
IRS990/ProgramServiceRevenueGrp/Desc1OTHER PROGRAM SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2STUDENT FEES
IRS990/ProgramServiceRevenueGrp/Desc3FOOD SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt034933403
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1450765
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2427700
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3303253
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt034933403
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1450765
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2427700
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3303253
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt08181414
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0520916
IRS990/PYOtherExpensesAmt011064840
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt029037793
IRS990/PYRevenuesLessExpensesAmt02089000
IRS990/PYSalariesCompEmpBnftPaidAmt024586283
IRS990/PYTotalExpensesAmt035651123
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt037740123
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt03174447
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt036115121
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03494433
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07162640
IRS990ScheduleA/SchoolInd0X
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/BuildingsGrp/BookValueAmt07766551
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02046694
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09813245
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0749311
IRS990ScheduleD/DonatedServicesUseFcltsAmt0749311
IRS990ScheduleD/EquipmentGrp/BookValueAmt0717060
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01915011
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02632071
IRS990ScheduleD/ExpensesNotReportedAmt01272414
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt039545
IRS990ScheduleD/ExpensesSubtotalAmt038062855
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0745503
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0745503
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01263320
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0269349
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01532669
IRS990ScheduleD/OtherExpensesIncludedAmt0523103
IRS990ScheduleD/OtherExpensesNotIncludedAmt039545
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0839431
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0294056
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01133487
IRS990ScheduleD/OtherRevenueAmt080894
IRS990ScheduleD/OtherRevenuesNotIncludedAmt039545
IRS990ScheduleD/RevenueNotReportedAmt0830205
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt039545
IRS990ScheduleD/RevenueSubtotalAmt041237302
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE LEARN AND RECOGNIZE A TAX LIABILITY IF LEARN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY LEARN AND HAS CONCLUDED THAT AS OF JUNE 30, 2015, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. LEARN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2012.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1REVENUE AND ELIM. ENTRIES FROM AFFILIATED ORGANIZATIONS ON CONSOL. FS 283. CHANGE IN FAIR VALUE OF DERIVATIVE 80,611.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2WRITE OFF OF PLEDGES RECEIVABLE INCLUDED IN GROSS REVENUE ON FS 39,545.

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$33,540,920
Liabilities
$17,810,345
Net assets
$15,730,575
Revenue
$41,276,847
Expenses
$38,102,400
Net income
$3,174,447
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$105$37.9$66.6$83.2$81.1$2.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$67.4$19.8$47.6$92.7$60.6$32.1
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$56.9$23.8$33.1$65.0$58.3$6.68
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$43.3$18.1$25.2$49.0$42.9$6.15
2016Detailed filing. Detailed filing data is available for this year.$37.3$18.8$18.6$45.6$42.1$3.49
2015Detailed filing. Detailed filing data is available for this year.$33.5$17.8$15.7$41.3$38.1$3.17
2014Detailed filing. Detailed filing data is available for this year.$30.4$17.9$12.5$37.7$35.7$2.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.8$18.3$10.5$25.1
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.6$8.69$7.91$19.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.5$4.40$8.10$13.6