Civic Intelligence

Learning Community Inc.

990 • Fiscal year 2015 • EIN 56-1983786

Jun 01, 2014 to May 31, 2015 • Filed on Sep 28, 2015

Organization Profilewww.thelearningcommunity.org
P O Box 1143Black Mountain, NC 28711

(828) 686-6863

Siviq Scores

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

Liabilities / Assets

70th percentile

0.20x

Higher debt load relative to assets than 70% of similar nonprofits.

2015 filings • NTEE B • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

71st percentile

0.12x

Higher debt load relative to revenue than 71% of similar nonprofits.

2015 filings • NTEE B • $500k-$1M nonprofits • Source year 2015

Net Margin

62nd percentile

7.7%

Higher net margin than 62% of similar nonprofits.

2015 filings • NTEE B • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • NTEE B • $500k-$1M nonprofits • Source year 2015

Asset Growth

77th percentile

22%

Faster asset growth than 77% of similar nonprofits.

2015 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

67th percentile

11%

Faster revenue growth than 67% of similar nonprofits.

2015 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$405,024

Up $72,164 (+22%) from 2014

Net Assets

Up

$324,729

Up $50,316 (+18%) from 2014

Liabilities

Up

$80,295

Up $21,848 (+37%) from 2014

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin62nd percentile

Revenue

Up

$652,657

Up $66,657 (+11%) from 2014

Expenses

Up

$602,341

Up $11,212 (+1.9%) from 2014

Net Income

Up

$50,316

Up $55,445 (+1081%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $264,484Liabilities 2011: $63,594Net Assets 2011: $200,8902011Assets 2012: $324,731Liabilities 2012: $82,729Net Assets 2012: $242,0022012Assets 2013: $362,706Liabilities 2013: $83,164Net Assets 2013: $279,5422013Assets 2014: $332,860Liabilities 2014: $58,447Net Assets 2014: $274,4132014Assets 2015: $405,024Liabilities 2015: $80,295Net Assets 2015: $324,7292015Assets 2016: $454,430Liabilities 2016: $82,948Net Assets 2016: $371,4822016Assets 2017: $613,765Liabilities 2017: $187,694Net Assets 2017: $426,0712017Assets 2018: $655,426Liabilities 2018: $214,898Net Assets 2018: $440,5282018Assets 2019: $1,851,543Liabilities 2019: $966,354Net Assets 2019: $885,1892019Assets 2020: $2,253,245Liabilities 2020: $1,196,266Net Assets 2020: $1,056,9792020Assets 2021: $2,280,104Liabilities 2021: $1,176,958Net Assets 2021: $1,103,1462021Assets 2022: $2,663,563Liabilities 2022: $1,490,777Net Assets 2022: $1,172,7862022Assets 2023: $4,222,601Liabilities 2023: $3,016,547Net Assets 2023: $1,206,0542023Assets 2025: $3,981,866Liabilities 2025: $2,905,747Net Assets 2025: $1,076,1192025

Highlighted filing

2015

Assets$405,024
Liabilities$80,295
Net Assets$324,729
Open 2015 Filing

Operations Trend

Revenue Growth67th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $418,4472011Expenses 2012: $466,1122012Revenue 2013: $573,594Expenses 2013: $536,054Net Income 2013: $37,5402013Revenue 2014: $586,000Expenses 2014: $591,129Net Income 2014: -$5,1292014Revenue 2015: $652,657Expenses 2015: $602,341Net Income 2015: $50,3162015Revenue 2016: $718,863Expenses 2016: $672,110Net Income 2016: $46,7532016Revenue 2017: $863,214Expenses 2017: $808,625Net Income 2017: $54,5892017Revenue 2018: $909,550Expenses 2018: $895,093Net Income 2018: $14,4572018Revenue 2019: $1,377,582Expenses 2019: $932,921Net Income 2019: $444,6612019Revenue 2020: $1,176,940Expenses 2020: $1,005,151Net Income 2020: $171,7892020Revenue 2021: $1,165,880Expenses 2021: $1,119,713Net Income 2021: $46,1672021Revenue 2022: $1,413,499Expenses 2022: $1,343,859Net Income 2022: $69,6402022Revenue 2023: $2,114,128Expenses 2023: $2,080,860Net Income 2023: $33,2682023Revenue 2025: $2,337,988Expenses 2025: $2,372,173Net Income 2025: -$34,1852025

Highlighted filing

2015

Revenue$652,657
Expenses$602,341
Net Income$50,316
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2014 to May 31, 2015
Signed
Sep 28, 2015
Return Version
2014v5.0
Gross Receipts
$652,657
Mission and Program Overview

Mission

Education of students grades kindergarten thru 8th offering experiential learning, personalized instruction (10:1 student teacher ratio), team conflict resolution, high academic standards, multi age classes and mentorship, and an all school musical.

Education of students grades kindergarten thru 8th

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$199,434$243,305▲ $43,871
Savings and Temporary Cash Investments$176,318$176,586▲ $268
Cash and Non-Interest-Bearing Accounts$47,171$134,492▲ $87,321
Land, Buildings, and Equipment, Net$94,185$84,275▼ $9,910
Pd in Cap Srpls Land Bldg Eqp Fund$74,979$81,424▲ $6,445
Accounts Receivable$4,429$6,296▲ $1,867
Prepaid Expenses and Deferred Charges$9,657$2,275▼ $7,382
Total Assets$332,860$405,024▲ $72,164
Other Assets Total$1,100$1,100→ $0
Liabilities
Deferred Revenue$49,300$59,317▲ $10,017
Accounts Payable and Accrued Expenses$9,147$20,978▲ $11,831
Total Liabilities$58,447$80,295▲ $21,848
Net Assets / Fund Balance
Total Net Assets Fund Balance$274,413$324,729▲ $50,316
Total Liabilities and Net Assets / Fund Balance$332,860$405,024▲ $72,164

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$45,276$65,047-
Leasehold Improvements$38,999$42,425-
Other Assets Org$1,100--
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Kenya JohnsonChair
Paige GilchristVice Chair
Jennifer WilcoxMember
John TresslerMember
Lisa ForehandMember
Robin JacobsMember
Wade BurnsMember
Kristin ComptonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$88,152
Program Service Revenue
$563,870
Investment Income
$635
Other Revenue
$0
All Other Contributions
$68,568
Change in Net Assets
$50,316
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$466,883
Other Expenses$135,458
Total Fundraising Expense$1,294
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$315,769$70,628-$386,397
Other Employee Benefits$36,626$8,040-$44,666
Payroll Taxes$29,372$6,448-$35,820
Occupancy$27,819$6,107-$33,926
Depreciation Depletion$19,009--$19,009
Other Expenses$16,817$2,405-$16,817
All Other Expenses$10,947$684-$11,631
Information Technology$7,843--$7,843
Advertising$7,079--$7,079
Insurance$5,246$1,151-$6,397
Office Expenses-$4,350$1,294$5,644
Conferences and Meetings$4,217--$4,217
Fees for Services Other$3,222--$3,222
Fees for Services Accounting-$2,591-$2,591
Total Functional Expenses$498,643$102,404$1,294$602,341
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$19,584$19,584-$19,584
Total Events$19,584$19,584-$19,584
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
Annual disclosure for covered persons
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 governing body review Part VI line 11

“Prior to the filing of the Form 990 with the appropriate governmental bodies, the organization's board of directors reviewed the Form 990 for accuracy and completeness.”

Conflict of interest policy compliance Part VI line 12C

“The organization's Board of Directors has written and approved a Conflict of Interest policy which is consistently enforced and monitored by the Board of Directors.”

CEO executive director top management comp Part VI line 15A

“The compensation of the executive director of the organization is based on comparable salaries paid by other private schools in the area, and is reviewed and approved by the Board of Directors of the school. The deliberations and decisions of the Board regarding this issue is properly substantiated in board minutes.”

Other officer or key employee compensation Part VI line 15B

“The compensation of other key employees is determined by comparable data from similar schools in the area and is reviewed and approved by the board of directors. The deliberations and decisions of the board are properly substantiated in the board minutes.”

Governing documents etc available to public Part VI line 19

“All governing documents of the school (including the Form 990) are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Learning Community School Inc
EIN
56-1983786
Address
P O Box 1143, Black Mountain, NC 28711

Signing Officer

Name
John Ewing
Title
Treasurer
Phone
8286868683
Signed
2015-09-28
Discuss with paid preparer
No

Organization Details

Principal Officer
John Ewing
Formed
1996
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
18
Volunteers
150

Preparer

Firm
Greg Clark CPA
Address
305 Pound Mill Branch Road, Marshall, NC 28753
Preparer
Greg Clark
Phone
8283378683
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IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0563870
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0199434
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0243305
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0176318
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0176586
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/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt045276
IRS990ScheduleD/EquipmentGrp/DepreciationAmt065047
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0110323
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt038999
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt042425
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt081424
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01100
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Security Deposit
IRS990ScheduleD/TotalBookValueLandBuildingsAmt084275
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01100
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Auction
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt019584
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt019584
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt019584
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt019584
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt019584
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Prior to the filing of the Form 990 with the appropriate governmental bodies, the organization's board of directors reviewed the Form 990 for accuracy and completeness.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization's Board of Directors has written and approved a Conflict of Interest policy which is consistently enforced and monitored by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The compensation of the executive director of the organization is based on comparable salaries paid by other private schools in the area, and is reviewed and approved by the Board of Directors of the school. The deliberations and decisions of the Board regarding this issue is properly substantiated in board minutes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The compensation of other key employees is determined by comparable data from similar schools in the area and is reviewed and approved by the board of directors. The deliberations and decisions of the board are properly substantiated in the board minutes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All governing documents of the school (including the Form 990) are made available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0332860
IRS990/TotalAssetsEOYAmt0405024
IRS990/TotalAssetsGrp/BOYAmt0332860
IRS990/TotalAssetsGrp/EOYAmt0405024
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt088152
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01294
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0102404
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0498643
IRS990/TotalFunctionalExpensesGrp/TotalAmt0602341
IRS990/TotalGrossUBIAmt0635
IRS990/TotalLiabilitiesBOYAmt058447
IRS990/TotalLiabilitiesEOYAmt080295
IRS990/TotalLiabilitiesGrp/BOYAmt058447
IRS990/TotalLiabilitiesGrp/EOYAmt080295
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0274413
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0324729
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0498643
IRS990/TotalProgramServiceRevenueAmt0563870
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0563870
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0652657
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0635
IRS990/TotalVolunteersCnt0150
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0332860
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0405024
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0www.thelearningcommunity.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0John Ewing
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum08286868683
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-09-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Learning Community School Inc
ReturnHeader/Filer/BusinessNameControlTxt0LEAR
ReturnHeader/Filer/EIN0561983786
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O Box 1143
ReturnHeader/Filer/USAddress/CityNm0Black Mountain
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028711
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0272860980
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Greg Clark CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0305 Pound Mill Branch Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Marshall
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028753
ReturnHeader/PreparerPersonGrp/PhoneNum08283378683
ReturnHeader/PreparerPersonGrp/PreparationDt02015-10-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Greg Clark
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$405,024
Liabilities
$80,295
Net assets
$324,729
Revenue
$652,657
Expenses
$602,341
Net income
$50,316
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.98$2.91$1.08$2.34$2.37$0.03
2023Detailed filing. Detailed filing data is available for this year.$4.22$3.02$1.21$2.11$2.08$0.03
2022Detailed filing. Detailed filing data is available for this year.$2.66$1.49$1.17$1.41$1.34$0.07
2021Detailed filing. Detailed filing data is available for this year.$2.28$1.18$1.10$1.17$1.12$0.05
2020Detailed filing. Detailed filing data is available for this year.$2.25$1.20$1.06$1.18$1.01$0.17
2019Detailed filing. Detailed filing data is available for this year.$1.85$0.97$0.89$1.38$0.93$0.44
2018Detailed filing. Detailed filing data is available for this year.$0.66$0.21$0.44$0.91$0.90$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.61$0.19$0.43$0.86$0.81$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.45$0.08$0.37$0.72$0.67$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.41$0.08$0.32$0.65$0.60$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.33$0.06$0.27$0.59$0.59$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.08$0.28$0.57$0.54$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.08$0.24$0.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.06$0.20$0.42