Civic Intelligence

The Learning Collaborative

990 • Fiscal year 2018 • EIN 56-1668333

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

3241 Sam Drenan RoadCharlotte, NC 28205

(704) 377-8076

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.03x

Higher debt load relative to assets than 32% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

43rd percentile

0.06x

Higher debt load relative to revenue than 43% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Net Margin

61st percentile

8.3%

Higher net margin than 61% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

51st percentile

$66,956

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 7.0% of source-year revenue.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Asset Growth

45th percentile

1.6%

Faster asset growth than 45% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

22nd percentile

-6.7%

Faster revenue growth than 22% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$2,192,565

Up $35,066 (+1.6%) from 2017

Net Assets

Up

$2,134,172

Up $79,457 (+3.9%) from 2017

Liabilities

Down

$58,393

Down $44,391 (-43%) from 2017

Revenue

Down

$957,441

Down $68,525 (-6.7%) from 2017

Expenses

Up

$878,218

Up $103,815 (+13%) from 2017

Net Income

Down

$79,223

Down $172,340 (-69%) from 2017

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $181,606Liabilities 2011: $29,511Net Assets 2011: $152,0952011Assets 2012: $239,905Liabilities 2012: $13,529Net Assets 2012: $226,3762012Assets 2013: $303,226Liabilities 2013: $46,043Net Assets 2013: $257,1832013Assets 2014: $371,102Liabilities 2014: $38,440Net Assets 2014: $332,6622014Assets 2015: $457,166Liabilities 2015: $44,037Net Assets 2015: $413,1292015Assets 2016: $2,190,740Liabilities 2016: $387,588Net Assets 2016: $1,803,1522016Assets 2017: $2,157,499Liabilities 2017: $102,784Net Assets 2017: $2,054,7152017Assets 2018: $2,192,565Liabilities 2018: $58,393Net Assets 2018: $2,134,1722018Assets 2019: $2,184,284Liabilities 2019: $54,414Net Assets 2019: $2,129,8702019Assets 2020: $2,220,951Liabilities 2020: $53,344Net Assets 2020: $2,167,6072020Assets 2021: $2,307,885Liabilities 2021: $189,610Net Assets 2021: $2,118,2752021Assets 2022: $2,166,148Liabilities 2022: $65,242Net Assets 2022: $2,100,9062022Assets 2023: $2,166,889Liabilities 2023: $59,983Net Assets 2023: $2,106,9062023Assets 2024: $2,337,559Liabilities 2024: $60,716Net Assets 2024: $2,276,8432024Assets 2025: $2,409,846Liabilities 2025: $59,879Net Assets 2025: $2,349,9672025

Highlighted filing

2018

Assets$2,192,565
Liabilities$58,393
Net Assets$2,134,172

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $568,533Expenses 2011: $568,746Net Income 2011: -$2132011Expenses 2012: $627,1962012Revenue 2013: $583,421Expenses 2013: $622,429Net Income 2013: -$39,0082013Revenue 2014: $678,510Expenses 2014: $606,244Net Income 2014: $72,2662014Revenue 2015: $723,907Expenses 2015: $643,440Net Income 2015: $80,4672015Revenue 2016: $2,080,699Expenses 2016: $690,676Net Income 2016: $1,390,0232016Revenue 2017: $1,025,966Expenses 2017: $774,403Net Income 2017: $251,5632017Revenue 2018: $957,441Expenses 2018: $878,218Net Income 2018: $79,2232018Revenue 2019: $893,491Expenses 2019: $897,793Net Income 2019: -$4,3022019Revenue 2020: $956,677Expenses 2020: $918,940Net Income 2020: $37,7372020Revenue 2021: $890,964Expenses 2021: $1,012,738Net Income 2021: -$121,7742021Revenue 2022: $1,133,522Expenses 2022: $1,145,001Net Income 2022: -$11,4792022Revenue 2023: $1,218,429Expenses 2023: $1,216,364Net Income 2023: $2,0652023Revenue 2024: $1,392,325Expenses 2024: $1,226,771Net Income 2024: $165,5542024Revenue 2025: $1,385,952Expenses 2025: $1,318,715Net Income 2025: $67,2372025

Highlighted filing

2018

Revenue$957,441
Expenses$878,218
Net Income$79,223
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.2
Gross Receipts
$958,763
Mission and Program Overview

Mission

The Learning Collaborative creates a partnership among parents, children, staff and volunteers addressing the education and social needs of preschool children and their parents in Charlotte, NC.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,447,648$1,426,852▼ $20,796
Cash and Non-Interest-Bearing Accounts$471,195$604,805▲ $133,610
Pledges and Grants Receivable$191,003$108,000▼ $83,003
Prepaid Expenses and Deferred Charges$10,466$3,954▼ $6,512
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,157,499$2,192,565▲ $35,066
Other Assets Total$37,187$48,954▲ $11,767
Liabilities
Other Liabilities$47,863$53,660▲ $5,797
Mortgage Notes Payable Secured by Investment Property$50,000--
Accounts Payable and Accrued Expenses$4,921$4,733▼ $188
Total Liabilities$102,784$58,393▼ $44,391
Net Assets / Fund Balance
Unrestricted Net Assets$1,720,829$1,795,250▲ $74,421
Temporarily Rstr Net Assets$307,516$307,211▼ $305
Permanently Rstr Net Assets$26,370$31,711▲ $5,341
Total Net Assets Fund Balance$2,054,715$2,134,172▲ $79,457
Total Liabilities and Net Assets / Fund Balance$2,157,499$2,192,565▲ $35,066

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,380,924$53,773$1,434,697
Equipment$45,928$77,490$123,418
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Judy CarterExecutive DirectorFT$61,523$5,433$66,956

Board Members and Trustees

NameTitle
Claudia DodgenCo-chair
Scottie TrappCo-Chair
Dan RippDirector
Des RobertsDirector
Drew BryanDirector
Gretchen CawleyDirector
Inez AlexanderDirector
Jan SwetenburgDirector
Jason SchubertDirector
Johanna HarkeyDirector
Joseph AllenDirector
Katherine HunterDirector
Kathryn BauknightDirector
Levon EdwardsDirector
Mark RyanDirector
Regina GillDirector
Steve SaszDirector
Peggy ThiesSecretary
Chris VanDykeTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Harker DoreeConstruction233 N Graham St Suite 100, Charlotte, NC 28202-
Revenue and Support

Revenue Composition

Contributions and Grants
$918,455
Program Service Revenue
$0
Investment Income
$3,050
Other Revenue
$35,936
All Other Contributions
$797,120
Change in Net Assets
$79,223

Audited Revenue Reconciliation

Revenue per Audited Statements
$957,441
Revenue Not Reported on Form 990
$1,322
Total Revenue per Audited Statements
$958,763
Total Revenue per Form 990
$957,441
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$526,486
Other Expenses$351,732
Total Fundraising Expense$77,253
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$331,471-$46,589$378,060
Office Expenses$68,851$3,825$2,503$75,179
Occupancy$64,213$3,568$3,568$71,349
Fees for Services Other$39,060$17,397$5,600$62,057
Current Officers, Directors, Trustees, and Key Employees$50,374$6,724$4,300$61,398
Depreciation Depletion$47,805$2,656$2,656$53,117
Other Employee Benefits$41,272$727$5,500$47,499
Payroll Taxes$34,347$605$4,577$39,529
Insurance$19,438$1,080$1,080$21,598
Travel$3,463$192$192$3,847
Other Expenses$603$33$33$669
Total Functional Expenses$763,503$37,462$77,253$878,218

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$879,540
Expenses per Audited Statements$878,218
Total Expenses per Form 990$878,218
Expenses Not Reported on Form 990$1,322
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$37,258
Fundraising Direct Expenses$1,322
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Green Apple Gig$62,898$37,258$1,322$35,936
Total Events$62,898$37,258$1,322$35,936
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued payroll and taxes$53,660
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
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, Part VI, Line 11B: Form 990 Review Process

The organization reviews the 990 as well as the audit report when it is completed. They approve the 990 and send it to the appropriate agencies.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The organization periodically reviews the policy. They determine if the policy is working and being used to meet the designed goals.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The organization reviews each member periodically. They review their compensation with other comparable organizations.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Available upon request

Filing and Contact Details

Filer

Filer Name
The Learning Collaborative
EIN
56-1668333
Phone
7043778076
Address
3241 Sam Drenan Road, Charlotte, NC 28205

Signing Officer

Name
Drew Bryan
Title
Treasurer
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
1987
Legal Domicile
Nc
Voting Board Members
19
Independent Board Members
19
Employees
20
Volunteers
100

Preparer

Firm
C DeWitt Foard & Co PA CPAs
Address
817 E Morehead Street Ste 100, Charlotte, NC 28202-2767
Preparer
Terry W Lancaster
Phone
7043721515
Supplemental Narrative

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Special event expenses $1322

Part XII, Line 2D: Other expenses and losses per audited F/S

Special event expenses $1322

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Co-chair
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Co-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt19Executive Dir.
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr01987
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt025640
IRS990/FundraisingDirectExpensesAmt01322
IRS990/FundraisingGrossIncomeAmt037258
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt019
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0958763
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt019
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/FundraisingAmt01080
IRS990/InsuranceGrp/ManagementAndGeneralAmt01080
IRS990/InsuranceGrp/ProgramServicesAmt019438
IRS990/InsuranceGrp/TotalAmt021598
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt03050
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03050
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt04
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IRS990/LandBldgEquipAccumDeprecAmt0131263
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01447648
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01426852
IRS990/LandBldgEquipCostOrOtherBssAmt01558115
IRS990/LegalDomicileStateCd0NC
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The Learning Collaborative creates a partnership among parents, children, staff and volunteers addressing the education and social needs of preschool children and their parents in Charlotte, NC.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt050000
IRS990/NetAssetsOrFundBalancesBOYAmt02054715
IRS990/NetAssetsOrFundBalancesEOYAmt02134172
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt035936
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt03568
IRS990/OccupancyGrp/ManagementAndGeneralAmt03568
IRS990/OccupancyGrp/ProgramServicesAmt064213
IRS990/OccupancyGrp/TotalAmt071349
IRS990/OfficeExpensesGrp/FundraisingAmt02503
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IRS990/OfficeExpensesGrp/ProgramServicesAmt068851
IRS990/OfficeExpensesGrp/TotalAmt075179
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IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
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IRS990/OtherAssetsTotalGrp/EOYAmt048954
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt05500
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0727
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt041272
IRS990/OtherEmployeeBenefitsGrp/TotalAmt047499
IRS990/OtherExpensesGrp/Desc0Client costs
IRS990/OtherExpensesGrp/Desc1Training
IRS990/OtherExpensesGrp/Desc2Communications
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0655
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt133
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IRS990/OtherExpensesGrp/ProgramServicesAmt111800
IRS990/OtherExpensesGrp/ProgramServicesAmt2603
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IRS990/OtherExpensesGrp/TotalAmt113110
IRS990/OtherExpensesGrp/TotalAmt2669
IRS990/OtherLiabilitiesGrp/BOYAmt047863
IRS990/OtherLiabilitiesGrp/EOYAmt053660
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0331471
IRS990/OtherSalariesAndWagesGrp/TotalAmt0378060
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt04577
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0605
IRS990/PayrollTaxesGrp/ProgramServicesAmt034347
IRS990/PayrollTaxesGrp/TotalAmt039529
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt026370
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt031711
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0191003
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0108000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010466
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03954
IRS990/PriorPeriodAdjustmentsAmt0234
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01020235
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt05731
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.41$0.06$2.35$1.39$1.32$0.07
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.34$0.06$2.28$1.39$1.23$0.17
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.17$0.06$2.11$1.22$1.22$0.00
2022Detailed filing. Detailed filing data is available for this year.$2.17$0.07$2.10$1.13$1.15$0.01
2021Detailed filing. Detailed filing data is available for this year.$2.31$0.19$2.12$0.89$1.01$0.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.22$0.05$2.17$0.96$0.92$0.04
2019Detailed filing. Detailed filing data is available for this year.$2.18$0.05$2.13$0.89$0.90$0.00
2018Detailed filing. Detailed filing data is available for this year.$2.19$0.06$2.13$0.96$0.88$0.08
2017Detailed filing. Detailed filing data is available for this year.$2.16$0.10$2.05$1.03$0.77$0.25
2016Detailed filing. Detailed filing data is available for this year.$2.19$0.39$1.80$2.08$0.69$1.39
2015Detailed filing. Detailed filing data is available for this year.$0.46$0.04$0.41$0.72$0.64$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.37$0.04$0.33$0.68$0.61$0.07
2013Summary only. Only limited summary data is available for this year.$0.30$0.05$0.26$0.58$0.62$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.01$0.23$0.63
2011Summary only. Only limited summary data is available for this year.$0.18$0.03$0.15$0.57$0.57$0.00