Civic Intelligence

The Learning Loft Foundation Inc

EIN 83-1015208 • 501(c)3 • New Hyde Park, NY

Profile

The learning loft foundation is a pre-school/daycare center that provides a loving and nurturing environment for children 18 months to 5 years old. The goal of the organization is to provide excellent early childhood education & child care for parents who need to work to get by in today's economic environment.

13 South 6th StNew Hyde Park, NY 11040

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

98th percentile

2.90x

Higher debt load relative to assets than 98% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

84th percentile

0.55x

Higher debt load relative to revenue than 84% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2025

Net Margin

59th percentile

9.5%

Higher net margin than 59% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

66th percentile

$103,500

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 10.3% of source-year revenue.

NTEE B • $1M-$5M nonprofits • Source year 2025

Asset Growth

91st percentile

80%

Faster asset growth than 91% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

43rd percentile

4.4%

Faster revenue growth than 43% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$187,805

Up $83,597 (+80%) from 2024

Liabilities

Down

$545,506

Down $11,203 (-2.0%) from 2024

Net Assets

Up

-$357,701

Up $94,800 (+21%) from 2024

Operations
Liabilities / Revenue84th percentileNet Margin59th percentile

Revenue

Up

$1,000,637

Up $41,813 (+4.4%) from 2024

Expenses

Down

$905,837

Down $181,145 (-17%) from 2024

Net Income

Up

$94,800

Up $222,958 (+174%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth91st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0-$500KAssets 2018: $17,400Liabilities 2018: $10,0002018Assets 2019: $30,486Liabilities 2019: $65,000Net Assets 2019: -$34,5142019Assets 2020: $90,450Liabilities 2020: $142,161Net Assets 2020: -$51,7112020Assets 2021: $163,342Liabilities 2021: $305,021Net Assets 2021: -$141,6792021Assets 2022: $474,227Liabilities 2022: $510,890Net Assets 2022: -$36,6632022Assets 2023: $240,657Liabilities 2023: $565,000Net Assets 2023: -$324,3432023Assets 2024: $104,208Liabilities 2024: $556,709Net Assets 2024: -$452,5012024Assets 2025: $187,805Liabilities 2025: $545,506Net Assets 2025: -$357,7012025

Highlighted filing

2025

Assets$187,805
Liabilities$545,506
Net Assets-$357,701
Open 2025 Filing

Operations Trend

Revenue Growth43rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2018: $17,400Expenses 2018: $10,000Net Income 2018: $7,4002018Revenue 2019: $591,380Expenses 2019: $633,294Net Income 2019: -$41,9142019Revenue 2020: $658,791Expenses 2020: $675,988Net Income 2020: -$17,1972020Revenue 2021: $661,889Expenses 2021: $751,857Net Income 2021: -$89,9682021Revenue 2022: $1,011,504Expenses 2022: $849,386Net Income 2022: $162,1182022Revenue 2023: $682,474Expenses 2023: $936,387Net Income 2023: -$253,9132023Revenue 2024: $958,824Expenses 2024: $1,086,982Net Income 2024: -$128,1582024Revenue 2025: $1,000,637Expenses 2025: $905,837Net Income 2025: $94,8002025

Highlighted filing

2025

Revenue$1,000,637
Expenses$905,837
Net Income$94,800
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$187,805
Liabilities
$545,506
Net assets
-$357,701
Revenue
$1,000,637
Expenses
$905,837
Net income
$94,800
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.19$0.55$0.36$1.00$0.91$0.09
2024Detailed filing. Detailed filing data is available for this year.$0.10$0.56$0.45$0.96$1.09$0.13
2023Detailed filing. Detailed filing data is available for this year.$0.24$0.57$0.32$0.68$0.94$0.25
2022Detailed filing. Detailed filing data is available for this year.$0.47$0.51$0.04$1.01$0.85$0.16
2021Detailed filing. Detailed filing data is available for this year.$0.16$0.31$0.14$0.66$0.75$0.09
2020Detailed filing. Detailed filing data is available for this year.$0.09$0.14$0.05$0.66$0.68$0.02
2019Summary only. Only limited summary data is available for this year.$0.03$0.07$0.03$0.59$0.63$0.04
2018Summary only. Only limited summary data is available for this year.$0.02$0.01$0.02$0.01$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Aug 11, 2025
Return Version
2024v5.2
Gross Receipts
$1,000,637
Mission and Program Overview

Mission

The learning loft foundation is a pre-school/daycare center that provides a loving and nurturing environment for children 18 months to 5 years old. The goal of the organization is to provide excellent early childhood education & child care for parents who need to work to get by in today's economic environment.

Loving and nurturing pre-school/daycare center for working parents

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$87,425$173,830▲ $86,405
Loans From Officers Directors$65,000$65,000→ $0
Land, Buildings, and Equipment, Net$6,783$3,974▼ $2,809
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$104,208$187,805▲ $83,597
Other Assets Total$10,000$10,001▲ $1
Liabilities
Unsecured Notes Loans Payable$491,709$480,506▼ $11,203
Total Liabilities$556,709$545,506▼ $11,203
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-452,501$-357,701▲ $94,800
Total Net Assets Fund Balance$-452,501$-357,701▲ $94,800
Total Liabilities and Net Assets / Fund Balance$104,208$187,805▲ $83,597

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,297$18,483$19,780
Equipment$2,677$4,568$7,245
Other Assets Org$10,000--
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Katherine SmithVice PresidentPT$103,500$103,500
Sheila Harrington ComponoDirectorPT$90,500$90,500
Agnes HarringtonPresidentPT$37,140$37,140

Board Members and Trustees

NameTitle
Angela GuatesllaDirector
Krista FeeneyDirector
Rachael McnamaraDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$964,679
Investment Income
$0
Other Revenue
$35,958
Change in Net Assets
$94,800
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$543,208
Other Expenses$362,629
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$309,087--$309,087
Current Officers, Directors, Trustees, and Key Employees-$181,534-$181,534
Occupancy$107,965$14,723-$122,688
Payroll Taxes$31,280$21,307-$52,587
Fees for Services Other-$51,244-$51,244
All Other Expenses$24,315$2,804-$27,119
Insurance$22,092$3,303-$25,395
Other Expenses$12,895$1,432-$14,327
Interest$12,750--$12,750
Fees for Services Accounting-$8,320-$8,320
Advertising$5,501--$5,501
Depreciation Depletion$2,809--$2,809
Total Functional Expenses$621,170$284,667$0$905,837
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$65,000$65,000→ $0
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
No
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, Section A, Line 2

“Agnes harrington, president, katherine smith, vice president, and sheila compono, director have a family relationship.”

Form 990, Part VI, Section B, Line 11B

“Form 990 is prepared by an accounting firm and is then provided to the learning loft foundation's board of directors to review and approve prior to the return being filed.”

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

“Board members and management are asked to disclose any possible conflicts of interest at least annually. If any board member should have any conflict, the board member shall recuse from any deliberation in the transaction.”

Form 990, Part VI, Section B, Line 15A

“The process for determining compensation for officers is determined by the board members based on information from other organizations.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Learning Loft Foundation Inc
EIN
83-1015208
Phone
5167753820
Address
13 SOUTH 6TH ST, NEW HYDE PARK, NY 11040

Signing Officer

Name
Agnes Harrington
Title
President
Signed
2025-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Agnes Harrington
Formed
2018
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
3
Employees
25

Preparer

Firm
Martin R Egre CPA & Assoc
Address
585 STEWART AVENUE SUITE 326, GARDEN CITY, NY 11530
Preparer
Martin Egre CPA
Phone
5162221890
Supplemental Narrative

Additional Explanations

FORM 990, PART I , LINE 1 DESCRIPTION OF ORGANIZATION MISSION :

“The learning loft foundation is a pre-school/daycare center that provides a loving and nurturing environment for children 18 months to 7 years old. The goal of the organization is to provide excellent early chilhood education & child care for parents who need to work to get by in today's economic enviroment.”

Raw XML AppendixShowing 400 of 419 raw XML fields

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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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt021307
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IRS990/PayrollTaxesGrp/TotalAmt052587
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IRS990/RoyaltiesGrp/TotalAmt00
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0584729
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IRS990ScheduleA/Total509Grp/TotalAmt0854856
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt04568
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07245
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt110000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Rounding
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SECURITY DEPOSIT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01297
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt018483
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt019780
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03974
IRS990ScheduleD/TotalBookValueOtherAssetsAmt010001
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0TO SUPPORT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt065000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0KATE SMITH
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0BOARD MEMBE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0SCHEDULE L, PART II, LOANS TO AND FROM INTERESTED PERSONS:(A) NAME OF PERSON: KATE SMITH(B) RELATIONSHIP WITH ORGANIZATION: BOARD MEMBER(C) PURPOSE OF LOAN: TO SUPPORT INITIAL EXPENSES OF THE ORGANIZATION
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AGNES HARRINGTON, PRESIDENT, KATHERINE SMITH, VICE PRESIDENT, AND SHEILA COMPONO, DIRECTOR HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PREPARED BY AN ACCOUNTING FIRM AND IS THEN PROVIDED TO THE LEARNING LOFT FOUNDATION'S BOARD OF DIRECTORS TO REVIEW AND APPROVE PRIOR TO THE RETURN BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS AND MANAGEMENT ARE ASKED TO DISCLOSE ANY POSSIBLE CONFLICTS OF INTEREST AT LEAST ANNUALLY. IF ANY BOARD MEMBER SHOULD HAVE ANY CONFLICT, THE BOARD MEMBER SHALL RECUSE FROM ANY DELIBERATION IN THE TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS FOR DETERMINING COMPENSATION FOR OFFICERS IS DETERMINED BY THE BOARD MEMBERS BASED ON INFORMATION FROM OTHER ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE LEARNING LOFT FOUNDATION IS A PRE-SCHOOL/DAYCARE CENTER THAT PROVIDES A LOVING AND NURTURING ENVIRONMENT FOR CHILDREN 18 MONTHS TO 7 YEARS OLD. THE GOAL OF THE ORGANIZATION IS TO PROVIDE EXCELLENT EARLY CHILHOOD EDUCATION & CHILD CARE FOR PARENTS WHO NEED TO WORK TO GET BY IN TODAY'S ECONOMIC ENVIROMENT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART I , LINE 1 DESCRIPTION OF ORGANIZATION MISSION :
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt013 SOUTH 6TH ST
IRS990/USAddress/CityNm0NEW HYDE PARK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011040
IRS990/VotingMembersGoverningBodyCnt06
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IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0AGNES HARRINGTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE LEARNING LOFT FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0LEAR
ReturnHeader/Filer/EIN0831015208

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