Civic Intelligence

Fostoria Learning Center Inc.

990 • Fiscal year 2023 • EIN 46-3336356

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 07, 2024

Organization Profile
342 Perry StFostoria, OH 44830

(419) 435-8541

Siviq Scores

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

Liabilities / Assets

85th percentile

0.53x

Higher debt load relative to assets than 85% of similar nonprofits.

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

Liabilities / Revenue

96th percentile

4.27x

Higher debt load relative to revenue than 96% of similar nonprofits.

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

Net Margin

11th percentile

-32%

Higher net margin than 11% 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

20th percentile

-5.3%

Faster asset growth than 20% of similar nonprofits.

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

Revenue Growth

47th percentile

5.3%

Faster revenue growth than 47% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$2,585,069

Down $143,727 (-5.3%) from 2022

Net Assets

Down

$1,216,903

Down $104,098 (-7.9%) from 2022

Liabilities

Down

$1,368,166

Down $39,629 (-2.8%) from 2022

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin11th percentile

Revenue

Up

$320,635

Up $16,000 (+5.3%) from 2022

Expenses

Up

$424,576

Up $21,708 (+5.4%) from 2022

Net Income

Down

-$103,941

Down $5,708 (-5.8%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $228,010Liabilities 2015: $2,828Net Assets 2015: $225,1822015Assets 2016: $642,634Liabilities 2016: $0Net Assets 2016: $642,6342016Assets 2017: $2,979,308Liabilities 2017: $2,000,000Net Assets 2017: $979,3082017Assets 2018: $3,067,380Liabilities 2018: $1,572,394Net Assets 2018: $1,494,9862018Assets 2019: $2,837,752Liabilities 2019: $1,355,774Net Assets 2019: $1,481,9782019Assets 2020: $2,920,094Liabilities 2020: $1,484,563Net Assets 2020: $1,435,5312020Assets 2021: $2,853,833Liabilities 2021: $1,434,599Net Assets 2021: $1,419,2342021Assets 2022: $2,728,796Liabilities 2022: $1,407,795Net Assets 2022: $1,321,0012022Assets 2023: $2,585,069Liabilities 2023: $1,368,166Net Assets 2023: $1,216,9032023Assets 2024: $2,820,294Liabilities 2024: $1,329,139Net Assets 2024: $1,491,1552024

Highlighted filing

2023

Assets$2,585,069
Liabilities$1,368,166
Net Assets$1,216,903
Open 2023 Filing

Operations Trend

Revenue Growth47th percentile

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

$1.0M$500K$0-$500KRevenue 2015: $252,500Expenses 2015: $33,214Net Income 2015: $219,2862015Revenue 2016: $474,094Expenses 2016: $56,642Net Income 2016: $417,4522016Revenue 2017: $469,346Expenses 2017: $132,672Net Income 2017: $336,6742017Revenue 2018: $947,508Expenses 2018: $431,830Net Income 2018: $515,6782018Revenue 2019: $359,485Expenses 2019: $359,353Net Income 2019: $1322019Revenue 2020: $241,565Expenses 2020: $288,012Net Income 2020: -$46,4472020Revenue 2021: $292,142Expenses 2021: $308,439Net Income 2021: -$16,2972021Revenue 2022: $304,635Expenses 2022: $402,868Net Income 2022: -$98,2332022Revenue 2023: $320,635Expenses 2023: $424,576Net Income 2023: -$103,9412023Revenue 2024: $658,753Expenses 2024: $384,501Net Income 2024: $274,2522024

Highlighted filing

2023

Revenue$320,635
Expenses$424,576
Net Income-$103,941
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 7, 2024
Return Version
2023v5.0
Gross Receipts
$320,635
Mission and Program Overview

Mission

The fostoria learning center will provide relevant and accessible learning opportunities. Our goal is to foster economic and workforce development, to develop a culture of lifelong learning and to offer a high quality of life for all who choose to live in our communtiy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,377,038$2,234,103▼ $142,935
Cash and Non-Interest-Bearing Accounts$325,642$313,142▼ $12,500
Accounts Receivable$20,290$29,864▲ $9,574
Prepaid Expenses and Deferred Charges$862$4,099▲ $3,237
Intangible Assets$4,964$3,861▼ $1,103
Total Assets$2,728,796$2,585,069▼ $143,727
Liabilities
Unsecured Notes Loans Payable$1,269,101$1,232,571▼ $36,530
Other Liabilities$138,694$135,595▼ $3,099
Total Liabilities$1,407,795$1,368,166▼ $39,629
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,321,001$1,216,903▼ $104,098
Total Net Assets Fund Balance$1,321,001$1,216,903▼ $104,098
Total Liabilities and Net Assets / Fund Balance$2,728,796$2,585,069▼ $143,727

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,154,893$862,365$3,017,258
Land$79,210-$79,210
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Tom ReinekeChair
John SchuldVice Chair
Renee SmithDirector
Bridgett MundyTrustee
Brook PiperTrustee
Don MennelTrustee
Eric KecklerTrustee
Ford MennelTrustee
Lenny ClouseTrustee
Mark BakerTrustee
Tom BorerSecretary
Ron BurnsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$134,440
Program Service Revenue
$186,195
Investment Income
$0
Other Revenue
$0
All Other Contributions
$134,440
Change in Net Assets
$-103,941
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$424,576
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$144,837--$144,837
Fees for Services Other$107,138--$107,138
Interest$73,312--$73,312
Occupancy$58,894--$58,894
Insurance$10,393--$10,393
Fees for Services Management$10,000--$10,000
Advertising$8,328--$8,328
Office Expenses$6,097--$6,097
Information Technology$3,000--$3,000
Conferences and Meetings$1,632--$1,632
Fees for Services Accounting$945--$945
Total Functional Expenses$424,576$0$0$424,576
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
Sba Loan$135,595
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
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

“APPROVED PRIOR TO FILING”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Fostoria Learning Center
EIN
46-3336356
Address
342 PERRY ST, FOSTORIA, OH 44830

Signing Officer

Name
Renee Smith
Title
Director
Signed
2024-11-07

Organization Details

Principal Officer
Tom Reineke
Voting Board Members
12
Independent Board Members
12
Employees
0

Preparer

Firm
FRUTH & COMPANY PLL CPA'S
Address
P O BOX 854, FOSTORIA, OH 44830-0854
Preparer
Chris P Chalfin CPA
Phone
4194358541
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The fostoria learning center will provide relevant and accessible learning opportunities. Our goal is to foster economic and workforce development, to develop a culture of lifelong learning and to offer a high quality of life for all who choose to live in our communtiy.”

Form 990, Part IX, Line 11G

“Program expenses 106,056 0 0 dues & subs 877 0 0 misc expense 205 0 0 total 107,138 0 0”

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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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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/LandGrp/BookValueAmt079210
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt079210
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02154893
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0862365
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03017258
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0135595
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SBA LOAN
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02234103
IRS990ScheduleD/TotalLiabilityAmt0135595
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOSTORIA LEARNING CENTER WILL PROVIDE RELEVANT AND ACCESSIBLE LEARNING OPPORTUNITIES. OUR GOAL IS TO FOSTER ECONOMIC AND WORKFORCE DEVELOPMENT, TO DEVELOP A CULTURE OF LIFELONG LEARNING AND TO OFFER A HIGH QUALITY OF LIFE FOR ALL WHO CHOOSE TO LIVE IN OUR COMMUNTIY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1APPROVED PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROGRAM EXPENSES 106,056 0 0 DUES & SUBS 877 0 0 MISC EXPENSE 205 0 0 TOTAL 107,138 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02728796
IRS990/TotalAssetsEOYAmt02585069
IRS990/TotalAssetsGrp/BOYAmt02728796
IRS990/TotalAssetsGrp/EOYAmt02585069
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0134440
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0424576
IRS990/TotalFunctionalExpensesGrp/TotalAmt0424576
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01407795
IRS990/TotalLiabilitiesEOYAmt01368166
IRS990/TotalLiabilitiesGrp/BOYAmt01407795
IRS990/TotalLiabilitiesGrp/EOYAmt01368166
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01321001
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01216903
IRS990/TotalProgramServiceExpensesAmt0424576
IRS990/TotalProgramServiceRevenueAmt0186195
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0186195
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0320635
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02728796
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02585069
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt01269101
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt01232571
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0121 N MAIN ST
IRS990/USAddress/CityNm0FOSTORIA
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044830
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0RENEE SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOSTORIA LEARNING CENTER
ReturnHeader/Filer/BusinessNameControlTxt0FOST
ReturnHeader/Filer/EIN0463336356
ReturnHeader/Filer/USAddress/AddressLine1Txt0342 PERRY ST
ReturnHeader/Filer/USAddress/CityNm0FOSTORIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044830
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0341323165
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FRUTH & COMPANY PLL CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P O BOX 854
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FOSTORIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0448300854
ReturnHeader/PreparerPersonGrp/PhoneNum04194358541
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRIS P CHALFIN CPA
ReturnHeader/ReturnTs02024-11-13T10:42:29-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$2,585,069
Liabilities
$1,368,166
Net assets
$1,216,903
Revenue
$320,635
Expenses
$424,576
Net income
-$103,941
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.82$1.33$1.49$0.66$0.38$0.27
2023Detailed filing. Detailed filing data is available for this year.$2.59$1.37$1.22$0.32$0.42$0.10
2022Detailed filing. Detailed filing data is available for this year.$2.73$1.41$1.32$0.30$0.40$0.10
2021Detailed filing. Detailed filing data is available for this year.$2.85$1.43$1.42$0.29$0.31$0.02
2020Detailed filing. Detailed filing data is available for this year.$2.92$1.48$1.44$0.24$0.29$0.05
2019Detailed filing. Detailed filing data is available for this year.$2.84$1.36$1.48$0.36$0.36$0.00
2018Detailed filing. Detailed filing data is available for this year.$3.07$1.57$1.49$0.95$0.43$0.52
2017Detailed filing. Detailed filing data is available for this year.$2.98$2.00$0.98$0.47$0.13$0.34
2016Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$0.47$0.06$0.42
2015Detailed filing. Detailed filing data is available for this year.$0.23$0.00$0.23$0.25$0.03$0.22