Civic Intelligence

The Learning Circle Inc

990 • Fiscal year 2017 • EIN 41-1725035

Jul 01, 2016 to Jun 30, 2017 • Filed on May 14, 2017

Organization ProfileN/A
615 West 5th StRed Wing, MN 55066

(651) 388-8843

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.02x

Higher debt load relative to assets than 42% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

34th percentile

0.01x

Higher debt load relative to revenue than 34% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

64th percentile

9.4%

Higher net margin than 64% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

68th percentile

$55,117

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

76th percentile

18%

Faster asset growth than 76% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

52nd percentile

5.8%

Faster revenue growth than 52% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets42nd percentile

Assets

Up

$239,596

Up $36,592 (+18%) from 2016

Net Assets

Up

$235,917

Up $52,983 (+29%) from 2016

Liabilities

Down

$3,679

Down $16,391 (-82%) from 2016

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin64th percentile

Revenue

Up

$564,536

Up $31,029 (+5.8%) from 2016

Expenses

Down

$511,553

Down $17,713 (-3.3%) from 2016

Net Income

Up

$52,983

Up $48,742 (+1149%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

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

$400K$300K$200K$100K$0Assets 2010: $150,457Liabilities 2010: $9,902Net Assets 2010: $140,5552010Assets 2011: $197,924Liabilities 2011: $20,001Net Assets 2011: $177,9232011Assets 2012: $182,121Liabilities 2012: $17,003Net Assets 2012: $165,1182012Assets 2013: $187,169Liabilities 2013: $26,182Net Assets 2013: $160,9872013Assets 2014: $182,229Liabilities 2014: $15,397Net Assets 2014: $166,8322014Assets 2015: $190,687Liabilities 2015: $11,994Net Assets 2015: $178,6932015Assets 2016: $203,004Liabilities 2016: $20,070Net Assets 2016: $182,9342016Assets 2017: $239,596Liabilities 2017: $3,679Net Assets 2017: $235,9172017Assets 2018: $249,873Liabilities 2018: $2,582Net Assets 2018: $247,2912018Assets 2019: $241,887Liabilities 2019: $4,321Net Assets 2019: $237,5662019Assets 2020: $326,626Liabilities 2020: $112,016Net Assets 2020: $214,6102020Assets 2021: $363,998Liabilities 2021: $4,159Net Assets 2021: $359,8392021Assets 2022: $360,809Liabilities 2022: $3,477Net Assets 2022: $357,3322022Assets 2023: $383,765Liabilities 2023: $4,339Net Assets 2023: $379,4262023Assets 2024: $398,912Liabilities 2024: $4,964Net Assets 2024: $393,9482024Assets 2025: $395,001Liabilities 2025: $3,402Net Assets 2025: $391,5992025

Highlighted filing

2017

Assets$239,596
Liabilities$3,679
Net Assets$235,917
Open 2017 Filing

Operations Trend

Revenue Growth52nd percentile

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $364,1142010Expenses 2011: $381,5502011Revenue 2012: $399,503Expenses 2012: $412,308Net Income 2012: -$12,8052012Revenue 2013: $428,097Expenses 2013: $433,162Net Income 2013: -$5,0652013Revenue 2014: $445,377Expenses 2014: $439,532Net Income 2014: $5,8452014Revenue 2015: $482,396Expenses 2015: $470,715Net Income 2015: $11,6812015Revenue 2016: $533,507Expenses 2016: $529,266Net Income 2016: $4,2412016Revenue 2017: $564,536Expenses 2017: $511,553Net Income 2017: $52,9832017Revenue 2018: $576,787Expenses 2018: $565,413Net Income 2018: $11,3742018Revenue 2019: $579,871Expenses 2019: $589,596Net Income 2019: -$9,7252019Revenue 2020: $588,074Expenses 2020: $611,030Net Income 2020: -$22,9562020Revenue 2021: $667,968Expenses 2021: $622,739Net Income 2021: $45,2292021Revenue 2022: $650,640Expenses 2022: $653,147Net Income 2022: -$2,5072022Revenue 2023: $696,815Expenses 2023: $674,721Net Income 2023: $22,0942023Revenue 2024: $689,305Expenses 2024: $679,870Net Income 2024: $9,4352024Revenue 2025: $709,373Expenses 2025: $711,722Net Income 2025: -$2,3492025

Highlighted filing

2017

Revenue$564,536
Expenses$511,553
Net Income$52,983
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 14, 2017
Return Version
2016v3.1
Gross Receipts
$564,536
Mission and Program Overview

Mission

The learning circle provides daycare and preschool services to enrollees ages six weeks through eleven years and provides creative opportunities for all children who attend

The learning circle provides daycare and preschool services to enrollees ages six weeks through eleven years and provide creative opportunities for all children who attend.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$182,934$235,917▲ $52,983
Savings and Temporary Cash Investments$125,436$150,621▲ $25,185
Cash and Non-Interest-Bearing Accounts$51,425$59,554▲ $8,129
Land, Buildings, and Equipment, Net$26,143$29,421▲ $3,278
Total Assets$203,004$239,596▲ $36,592
Liabilities
Accounts Payable and Accrued Expenses$20,070$3,679▼ $16,391
Total Liabilities$20,070$3,679▼ $16,391
Net Assets / Fund Balance
Total Net Assets Fund Balance$182,934$235,917▲ $52,983
Total Liabilities and Net Assets / Fund Balance$203,004$239,596▲ $36,592

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$29,421$167,252$196,673
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleBaseTotal
Linda HanischDirector$55,117$55,117

Board Members and Trustees

NameTitle
Kristen BrayChair
Brianna HansonDirector
Heather FinholmDirector
MEGAN O'DELLDirector
Melanie EverettDirector
Heather SchulerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,258
Program Service Revenue
$554,785
Investment Income
$5,179
Other Revenue
$2,314
Change in Net Assets
$52,983
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$417,227
Other Expenses$94,326
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$329,092--$329,092
Current Officers, Directors, Trustees, and Key Employees-$55,117-$55,117
Payroll Taxes$28,283$4,735-$33,018
Occupancy$30,994$1,631-$32,625
Insurance$9,617$1,697-$11,314
All Other Expenses$6,405$1,312-$7,717
Depreciation Depletion$7,441$86-$7,527
Other Expenses$1,919--$1,919
Office Expenses$1,148$287-$1,435
Fees for Services Accounting-$900-$900
Information Technology$692$173-$865
Travel$778--$778
Fees for Services Management$698--$698
Total Functional Expenses$445,615$65,938$0$511,553
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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The financial statements with related tax filings are reviewed by the executive director prior to filing. A second officer signs the state filing reports as well as the executive director. This information is mentioned at a subsequent board meeting”

Form 990, Page 6, Part VI, Line 19

“A copy of the tax data is made available upon written request”

Filing and Contact Details

Filer

Filer Name
The Learning Circle Inc
EIN
41-1725035
Phone
6513888843
Address
615 WEST 5TH ST, RED WING, MN 55066

Signing Officer

Name
Linda Hanisch
Title
Director
Phone
6513888843
Signed
2017-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda Hanisch
Formed
1992
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
25

Preparer

Firm
Fitschen Tax & Accounting LLC
Address
3039 S SERVICE DR, RED WING, MN 55066-1942
Preparer
Patrick H Fitschen
Phone
6513881012
Supplemental Narrative

Additional Explanations

Form 990, Page 5, Part V, Line 3B

“The only unrelated business income is derived from interest and dividends earned in passive investments. This income is eligible to be exluded income for unrelated business income tax purposes”

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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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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02443537
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt029421
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0167252
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0196673
IRS990ScheduleD/TotalBookValueLandBuildingsAmt029421
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ONLY UNRELATED BUSINESS INCOME IS DERIVED FROM INTEREST AND DIVIDENDS EARNED IN PASSIVE INVESTMENTS. THIS INCOME IS ELIGIBLE TO BE EXLUDED INCOME FOR UNRELATED BUSINESS INCOME TAX PURPOSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FINANCIAL STATEMENTS WITH RELATED TAX FILINGS ARE REVIEWED BY THE EXECUTIVE DIRECTOR PRIOR TO FILING. A SECOND OFFICER SIGNS THE STATE FILING REPORTS AS WELL AS THE EXECUTIVE DIRECTOR. THIS INFORMATION IS MENTIONED AT A SUBSEQUENT BOARD MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE TAX DATA IS MADE AVAILABLE UPON WRITTEN REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 5, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0203004
IRS990/TotalAssetsEOYAmt0239596
IRS990/TotalAssetsGrp/BOYAmt0203004
IRS990/TotalAssetsGrp/EOYAmt0239596
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02258
IRS990/TotalEmployeeCnt025
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt065938
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0445615
IRS990/TotalFunctionalExpensesGrp/TotalAmt0511553
IRS990/TotalGrossUBIAmt031
IRS990/TotalLiabilitiesBOYAmt020070
IRS990/TotalLiabilitiesEOYAmt03679
IRS990/TotalLiabilitiesGrp/BOYAmt020070
IRS990/TotalLiabilitiesGrp/EOYAmt03679
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0182934
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0235917
IRS990/TotalProgramServiceExpensesAmt0445615
IRS990/TotalProgramServiceRevenueAmt0554785
IRS990/TotalReportableCompFromOrgAmt055117
IRS990/TotalRevenueGrp/ExclusionAmt05148
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0557099
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0564536
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt031
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0203004
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0239596
IRS990/TravelGrp/ProgramServicesAmt0778
IRS990/TravelGrp/TotalAmt0778
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0615 WEST 5TH ST
IRS990/USAddress/CityNm0RED WING
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055066
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDA HANISCH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06513888843
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE LEARNING CIRCLE INC
ReturnHeader/Filer/BusinessNameControlTxt0LEAR
ReturnHeader/Filer/EIN0411725035
ReturnHeader/Filer/PhoneNum06513888843
ReturnHeader/Filer/USAddress/AddressLine1Txt0615 WEST 5TH ST
ReturnHeader/Filer/USAddress/CityNm0RED WING
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055066
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId023FEA39946E741F6EC2220FBD0C58DC2CE323587
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02172D6CC182AD9595F07DC3D37E7766AF7561CC0
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0320456174
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FITSCHEN TAX & ACCOUNTING LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03039 S SERVICE DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RED WING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0550661942
ReturnHeader/PreparerPersonGrp/PhoneNum06513881012
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PATRICK H FITSCHEN
ReturnHeader/ReturnTs02018-05-14T15:13:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$239,596
Liabilities
$3,679
Net assets
$235,917
Revenue
$564,536
Expenses
$511,553
Net income
$52,983
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.95$0.03$3.92$7.09$7.12$0.02
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.99$0.05$3.94$6.89$6.80$0.09
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.84$0.04$3.79$6.97$6.75$0.22
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.61$0.03$3.57$6.51$6.53$0.03
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.64$0.04$3.60$6.68$6.23$0.45
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.27$1.12$2.15$5.88$6.11$0.23
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.42$0.04$2.38$5.80$5.90$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.50$0.03$2.47$5.77$5.65$0.11
2017Detailed filing. Detailed filing data is available for this year.$2.40$0.04$2.36$5.65$5.12$0.53
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.03$0.20$1.83$5.34$5.29$0.04
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.91$0.12$1.79$4.82$4.71$0.12
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.82$0.15$1.67$4.45$4.40$0.06
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.87$0.26$1.61$4.28$4.33$0.05
2012Summary only. Only limited summary data is available for this year.$1.82$0.17$1.65$4.00$4.12$0.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.98$0.20$1.78$3.82
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$0.10$1.41$3.64