Civic Intelligence

Living Classrooms Foundation Inc.

990 • Fiscal year 2018 • EIN 52-1369524

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

802 S Caroline StreetBaltimore, MD 21231

(410) 685-0295

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.18x

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

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

61st percentile

0.45x

Higher debt load relative to revenue than 61% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

77th percentile

20%

Higher net margin than 77% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

64th percentile

$308,139

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

74th percentile

9.8%

Faster asset growth than 74% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

70th percentile

13%

Faster revenue growth than 70% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Flat

$26,863,678

Flat from 2018

Net Assets

Flat

$22,082,118

Flat from 2018

Liabilities

Flat

$4,781,560

Flat from 2018

Revenue

Flat

$10,534,117

Flat from 2018

Expenses

Flat

$8,478,737

Flat from 2018

Net Income

Flat

$2,055,380

Flat from 2018

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $11,844,336Liabilities 2010: $4,340,786Net Assets 2010: $7,503,5502010Assets 2011: $13,811,145Liabilities 2011: $5,715,140Net Assets 2011: $8,096,0052011Assets 2012: $14,319,660Liabilities 2012: $5,769,188Net Assets 2012: $8,550,4722012Assets 2013: $15,153,562Liabilities 2013: $5,570,822Net Assets 2013: $9,582,7402013Assets 2014: $14,853,615Liabilities 2014: $5,543,958Net Assets 2014: $9,309,6572014Assets 2015: $17,485,769Liabilities 2015: $4,947,828Net Assets 2015: $12,537,9412015Assets 2016: $24,004,735Liabilities 2016: $4,633,458Net Assets 2016: $19,371,2772016Assets 2017: $24,461,806Liabilities 2017: $4,250,596Net Assets 2017: $20,211,2102017Assets 2018: $26,863,678Liabilities 2018: $4,781,560Net Assets 2018: $22,082,1182018Assets 2018: $26,863,678Liabilities 2018: $4,781,560Net Assets 2018: $22,082,1182018Assets 2019: $28,700,564Liabilities 2019: $4,427,191Net Assets 2019: $24,273,3732019Assets 2020: $34,001,681Liabilities 2020: $7,801,013Net Assets 2020: $26,200,6682020Assets 2021: $39,550,926Liabilities 2021: $7,815,616Net Assets 2021: $31,735,3102021Assets 2022: $43,043,850Liabilities 2022: $7,236,669Net Assets 2022: $35,807,1812022Assets 2024: $50,471,228Liabilities 2024: $7,504,549Net Assets 2024: $42,966,6792024

Highlighted filing

2018

Assets$26,863,678
Liabilities$4,781,560
Net Assets$22,082,118

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $10,405,8412010Expenses 2011: $10,521,7442011Expenses 2012: $11,269,7292012Revenue 2013: $11,346,238Expenses 2013: $10,515,890Net Income 2013: $830,3482013Revenue 2014: $9,520,209Expenses 2014: $9,735,102Net Income 2014: -$214,8932014Revenue 2015: $12,465,143Expenses 2015: $9,171,498Net Income 2015: $3,293,6452015Revenue 2016: $15,842,406Expenses 2016: $9,077,404Net Income 2016: $6,765,0022016Revenue 2017: $9,320,418Expenses 2017: $8,757,377Net Income 2017: $563,0412017Revenue 2018: $10,534,117Expenses 2018: $8,478,737Net Income 2018: $2,055,3802018Revenue 2018: $10,534,117Expenses 2018: $8,478,737Net Income 2018: $2,055,3802018Revenue 2019: $11,553,902Expenses 2019: $9,757,531Net Income 2019: $1,796,3712019Revenue 2020: $10,325,091Expenses 2020: $8,711,568Net Income 2020: $1,613,5232020Revenue 2021: $15,624,815Expenses 2021: $10,319,692Net Income 2021: $5,305,1232021Revenue 2022: $14,455,118Expenses 2022: $9,773,048Net Income 2022: $4,682,0702022Revenue 2024: $14,757,809Expenses 2024: $9,971,356Net Income 2024: $4,786,4532024

Highlighted filing

2018

Revenue$10,534,117
Expenses$8,478,737
Net Income$2,055,380
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$10,981,087
Mission and Program Overview

Mission

Living classrooms foundation is a nonprofit organization, operated for the benefit of the community at large, providing hands on education and job training for students from diverse backgrounds, with a special emphasis on serving at risk youth. The foundation uses maritime settings, community revitalization projects and other challenging learning environments, with a low staff to student ratio. Our experience based educational prgrams emphasize the applied learning of math, science, language arts, history, economics and ecology. Key objectives of all living classrooms programs are career development, cooperative learning, elevating self-esteem, and fostering multicultural exchange. Living classrooms foundation provides over 30 educational programs.

Living classrooms foundation is a nonprofit organization, operated for the benefit of the community at large, providing hands on education and job training for students from diverse backgrounds, with a special emphasis on serving at risk youth. The foundation uses maritime settings, community revitalization projects and other challenging learning environments, with a low staff to student ratio. Our experience based educational programs emphasize the applied learning of math, science, language arts, history, economics and ecology. Key objectives of all living classrooms programs are career development, cooperative learning, elevating self-esteem, and fostering multicultural exchange. Living classrooms foundation provides over 30 educational programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,579,380$10,071,418▲ $492,038
Pledges and Grants Receivable$1,799,412$2,749,385▲ $949,973
Investments in Publicly Traded Securities$2,304,903$2,247,944▼ $56,959
Cash and Non-Interest-Bearing Accounts$1,078,435$1,576,300▲ $497,865
Accounts Receivable$378,619$488,020▲ $109,401
Prepaid Expenses and Deferred Charges$128,252$97,753▼ $30,499
Total Assets$24,461,806$26,863,678▲ $2,401,872
Other Assets Total$9,192,805$9,632,858▲ $440,053
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,860,632$2,952,441▲ $91,809
Accounts Payable and Accrued Expenses$1,001,998$1,194,793▲ $192,795
Other Liabilities$260,000$475,000▲ $215,000
Deferred Revenue$127,966$159,326▲ $31,360
Total Liabilities$4,250,596$4,781,560▲ $530,964
Net Assets / Fund Balance
Unrestricted Net Assets$16,112,317$16,779,808▲ $667,491
Temporarily Rstr Net Assets$2,721,544$3,924,961▲ $1,203,417
Permanently Rstr Net Assets$1,377,349$1,377,349→ $0
Total Net Assets Fund Balance$20,211,210$22,082,118▲ $1,870,908
Total Liabilities and Net Assets / Fund Balance$24,461,806$26,863,678▲ $2,401,872

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,921,303$2,919,824$11,841,127
Other Land Buildings$707,515$2,851,760$3,559,275
Leasehold Improvements$424,037$211,558$635,595
Equipment$18,563$309,690$328,253
Other Assets Org$150,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$1,677,870$0▼ $43,414-$1,631,385
2017$1,497,513$16,000▲ $164,357-$1,677,870
2016$1,765,862$105,000▲ $41,635$414,984$1,497,513
2015$1,146,349$619,513--$1,765,862
2014$1,015,349$131,000--$1,146,349
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James BondPresident & CEOFT$229,180$78,959$308,139
Nicole RuoccoChief Financial OfficerFT$144,206$31,070$175,276
James JangChief Analytics OfficerFT$124,824$6,225$131,049
Steve BountressVP of OperationsFT$121,894$3,783$125,677
Christopher RowsomVice PresidentFT$115,402$9,898$125,300
Charles AckleyChief Program OfficerFT$114,722$9,112$123,834
Cindy WadalavageDirector of FinanceFT$113,674$6,689$120,363
Thara TaylorV.p. DevelopmentFT$107,327$11,736$119,063

Board Members and Trustees

NameTitle
J Scott WilfongChairman
Ronald PetersonVice Chairman
Alex FlickTrustee
Anil KshepakaranTrustee
Bernard C YoungTrustee
Brian BillickTrustee
Brian E LegetteTrustee
Carserlo DoyleTrustee
Chad LaneTrustee
Charlie ViethTrustee
Cherie BrooksTrustee
Christopher CallaghanTrustee
Claire Broido JohnsonTrustee
Colin BrowneTrustee
Daryl OwenTrustee
Dean S HarrisonTrustee
Donna DavisTrustee
Drake C ZaharrisTrustee
Eric D BeckerTrustee
Francis X Kelly IiiTrustee
G DENNIS O'BRIENTrustee
Geoffrey BrentTrustee
George PetrocheilosTrustee
Gregory TuckerTrustee
Harvey MeyerhoffTrustee
Henry G HaganTrustee
Herb FrerichsTrustee
Herman Williams JrTrustee
Ira WeinsteinTrustee
Jack S GriswoldTrustee
James PomfretTrustee
Jeff MasomTrustee
Jeffrey HargraveTrustee
Jenny ThompshonTrustee
Jerry SouthTrustee
Jim SeayTrustee
John H TimkenTrustee
John KempTrustee
John W SchiechTrustee
Joseph NigroTrustee
Joseph WeaverTrustee
Kathlyn AdamsTrustee
Kathryn NewhallTrustee
Kenneth S UllmanTrustee
Kenneth W CornewTrustee
Kent PearceTrustee
Kevin LoweTrustee
Kevin PlankTrustee
Kim HornTrustee
M Hamilton Whitman JrTrustee
Mark M Collins JrTrustee
Martin FletcherTrustee
Marty GlazeTrustee
Maxine PhillipsTrustee
Michael McdanielTrustee
Nancy S GrasmickTrustee
PETER O'MALLEYTrustee
Patricia L SchmokeTrustee
Paul McbrideTrustee
Peter AuchinclossTrustee
Philip C FedericoTrustee
Price GielenTrustee
R Dale HornTrustee
Rick BastinelliTrustee
Rick FabyTrustee
Robb L MerrittTrustee
Robert B HopkinsTrustee
Sandy HillmanTrustee
Scott BoylanTrustee
Scott IodiceTrustee
Ted BauerTrustee
Ted RouseTrustee
Terry C Harwood JrTrustee
Timothy a Waire JrTrustee
Trent WilliamsTrustee
Wanda Oneferu-beyTrustee
Warner P MasonTrustee
William N BlakeTrustee
Y Maria MartinezTrustee
Stuart WalmanSecretary
Kevin M HallTreasurer
Michael TsakalosTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Composite Yacht LLCCustom Boats1650 MARINA DRIVE A, Trappe, MD 21673$281,400
Sail BaltimoreBoat Services3720 DILLON ST, Baltimore, MD 21224$165,104
Revenue and Support

Revenue Composition

Contributions and Grants
$9,309,582
Program Service Revenue
$755,543
Investment Income
$163,399
Other Revenue
$305,593
All Other Contributions
$6,798,012
Change in Net Assets
$2,055,380

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Other1$80,000Fair Market Value (FMV)
Other Non Cash Contri Table7$27,480Fair Market Value (FMV)
Total Noncash Contributions8$107,480-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,120,896
Other Expenses$2,357,841
Total Fundraising Expense$645,258
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,876,523$1,067,732$385,642$4,329,897
Current Officers, Directors, Trustees, and Key Employees$648,625$102,414$102,414$853,453
Other Employee Benefits$276,848$183,625$29,552$490,025
Insurance$435,803$20,990$4,460$461,253
Depreciation Depletion$442,154--$442,154
Payroll Taxes$266,129$79,695$32,498$378,322
Fees for Services Other$274,632$42,451-$317,083
Office Expenses$203,467$86,673$4,431$294,571
Occupancy$262,734$11,791-$274,525
Other Expenses$89,363$0$29,215$118,578
Travel$108,306$8,372$1,862$118,540
Interest$115,232--$115,232
Fees for Services Accounting-$73,500-$73,500
Pension Plan Contributions$30,138$33,876$5,185$69,199
Conferences and Meetings$29,632$2,064$160$31,856
Advertising$13,284$1,885$5,188$20,357
Fees for Services Legal-$19,404-$19,404
Fees for Service Investment Mgmnt Fees-$7,003-$7,003
All Other Expenses$266,261$-869,019$5,261$-597,497
Total Functional Expenses$6,896,426$937,053$645,258$8,478,737
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$369,060
Fundraising Gross Income$292,840
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Maritime Magic$639,411$146,403$54,671$91,732
Bluegrass Festival$272,149$115,582$170,931$-55,349
Total Events$1,120,593$292,840$369,060$-76,220
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Comp Liability$275,000
Line of Credit$200,000

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMaryland Economic Development Corporation2010-12-17$2,250,708Building renovations and equipment

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$2,250,708---

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
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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 11B

Line 11a explanation - the 990 is reviewed by the trustees of the corporation at their board meeting before the return is filed.

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

The policy is regularly monitored during annual salary reviews and approval of vendors.

Form 990, Part VI, Section B, Line 15

The organization compares their salaries to other tax exempt organizations in the same area. The ceo salary and benefits are approved annually by the compensation committee. That committee meets at least annually, researches salaries of other tax exempt organizations to ensure reasonableness for the ceo compensation package. The other officers' salaries are approved by the ceo. In 2017, a formal compensation study was done.

Form 990, Part VI, Section C, Line 19

The governing documents can be requested at the organization's headquarters located at 802 south caroline street, baltimore, md 21231. The organization makes its annual report available on its website - www.livingclassrooms.org

Filing and Contact Details

Filer

Filer Name
Living Classrooms Foundation
EIN
52-1369524
Phone
4106850295
Address
802 S CAROLINE STREET, BALTIMORE, MD 21231

Signing Officer

Name
Nicole Ruocco
Title
CFO
Phone
4106850295
Signed
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicole Ruocco
Formed
1984
Legal Domicile
Md
Voting Board Members
83
Independent Board Members
83
Employees
526
Volunteers
9,633

Preparer

Firm
Gross Mendelsohn & Associates Pa
Address
1801 PORTER STREET SUITE 500, BALTIMORE, MD 21230
Preparer
Ernest J Paszkiewicz
Phone
4106855512
Supplemental Narrative

Financial Statement Notes

PART III, LINE 1A:

The organization has collections of numerous artifacts of historical significance that have been donated to the organization and are maintained and on display in its facilities. Each of these items is cataloged, preserved, and cared for, and activities verifying their existence and assessing their condition are performed continuously. These items have not been recognized as assets on the statement of financial position, especially due to the difficulty of determining their fair values.

PART X, LINE 2:

The foundation is a charitable organization under section 501(c)(3) of the internal revenue code and, as such, is exempt from federal and state income taxes. The foundation's federal exempt organization tax returns are subject to examination by the internal revenue service, generally for a period of three years after they are filed.

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IRS990/ActivityOrMissionDesc0LIVING CLASSROOMS FOUNDATION IS A NONPROFIT ORGANIZATION, OPERATED FOR THE BENEFIT OF THE COMMUNITY AT LARGE, PROVIDING HANDS ON EDUCATION AND JOB TRAINING FOR STUDENTS FROM DIVERSE BACKGROUNDS, WITH A SPECIAL EMPHASIS ON SERVING AT RISK YOUTH. THE FOUNDATION USES MARITIME SETTINGS, COMMUNITY REVITALIZATION PROJECTS AND OTHER CHALLENGING LEARNING ENVIRONMENTS, WITH A LOW STAFF TO STUDENT RATIO. OUR EXPERIENCE BASED EDUCATIONAL PROGRAMS EMPHASIZE THE APPLIED LEARNING OF MATH, SCIENCE, LANGUAGE ARTS, HISTORY, ECONOMICS AND ECOLOGY. KEY OBJECTIVES OF ALL LIVING CLASSROOMS PROGRAMS ARE CAREER DEVELOPMENT, COOPERATIVE LEARNING, ELEVATING SELF-ESTEEM, AND FOSTERING MULTICULTURAL EXCHANGE. LIVING CLASSROOMS FOUNDATION PROVIDES OVER 30 EDUCATIONAL PROGRAMS.
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IRS990/Form990PartVIISectionAGrp/PersonNm1BERNARD C YOUNG
IRS990/Form990PartVIISectionAGrp/PersonNm2BRIAN BILLICK
IRS990/Form990PartVIISectionAGrp/PersonNm3BRIAN E LEGETTE
IRS990/Form990PartVIISectionAGrp/PersonNm4CARSERLO DOYLE
IRS990/Form990PartVIISectionAGrp/PersonNm5CLAIRE BROIDO JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm6DARYL OWEN
IRS990/Form990PartVIISectionAGrp/PersonNm7DEAN S HARRISON
IRS990/Form990PartVIISectionAGrp/PersonNm8DONNA DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm9DRAKE C ZAHARRIS
IRS990/Form990PartVIISectionAGrp/PersonNm10ERIC D BECKER
IRS990/Form990PartVIISectionAGrp/PersonNm11FRANCIS X KELLY III
IRS990/Form990PartVIISectionAGrp/PersonNm12GEOFFREY BRENT
IRS990/Form990PartVIISectionAGrp/PersonNm13HENRY G HAGAN

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$50.5$7.50$43.0$14.8$9.97$4.79
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.0$7.24$35.8$14.5$9.77$4.68
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.6$7.82$31.7$15.6$10.3$5.31
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.0$7.80$26.2$10.3$8.71$1.61
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.7$4.43$24.3$11.6$9.76$1.80
2018Detailed filing. Detailed filing data is available for this year.$26.9$4.78$22.1$10.5$8.48$2.06
2018Summary only. Only limited summary data is available for this year.$26.9$4.78$22.1$10.5$8.48$2.06
2017Summary only. Only limited summary data is available for this year.$24.5$4.25$20.2$9.32$8.76$0.56
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.0$4.63$19.4$15.8$9.08$6.77
2015Detailed filing. Detailed filing data is available for this year.$17.5$4.95$12.5$12.5$9.17$3.29
2014Detailed filing. Detailed filing data is available for this year.$14.9$5.54$9.31$9.52$9.74$0.21
2013Detailed filing. Detailed filing data is available for this year.$15.2$5.57$9.58$11.3$10.5$0.83
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.3$5.77$8.55$11.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.8$5.72$8.10$10.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.8$4.34$7.50$10.4