Learning Project Inc
- Assets
- $14.9m
- Revenue
- $3.8m
- Investments
- $12.3m
- Employees
- 41
- Location
- Boston, MA
- Founding
- 03/1974
- Data as of
- 06/2022
- EIN
- 04-2525467
Organization Overview
Learning Project Inc is located in Boston, MA. The organization was established in 1974. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Learning Project Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Learning Project Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Learning Project Inc generated $3.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $3.5m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL INSTRUCTION GRADES K-6.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELEMENTARY SCHOOL PROGRAMS FOR APPROXIMATELY 120 STUDENTS IN GRADES K-6. THE SCHOOL HAS HIGH ACADEMIC EXPECTATIONS, BROAD DIVERSITY AND A STRONG SENSE OF COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Hajj Head Of School | OfficerTrustee | 40 | $203,380 |
Amanda Yip Director Of Finance And Op | Officer | 40 | $113,384 |
Jamie Hayhurst Clerk / Trustee Parent Member | OfficerTrustee | 2 | $0 |
Linda Seeley Chair | OfficerTrustee | 2 | $0 |
Pat Benzie Treasurer | OfficerTrustee | 2 | $0 |
Abner Louissaint Trustee Parent Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,750 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $799,076 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $808,826 |
| Total Program Service Revenue | $3,035,406 |
| Investment income | $1,909 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $268 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,846,409 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $518,580 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $369,597 |
| Compensation of current officers, directors, key employees. | $221,406 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,684,399 |
| Pension plan accruals and contributions | $100,821 |
| Other employee benefits | $145,591 |
| Payroll taxes | $148,691 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,430 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,779 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $92,141 |
| Information technology | $12,690 |
| Royalties | $0 |
| Occupancy | $36,688 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,826 |
| Insurance | $32,165 |
| All other expenses | $65,041 |
| Total functional expenses | $3,517,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $860,514 |
| Savings and temporary cash investments | $877,376 |
| Pledges and grants receivable | $222,763 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $50,642 |
| Net Land, buildings, and equipment | $597,938 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $12,317,025 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,926,258 |
| Accounts payable and accrued expenses | $310,221 |
| Grants payable | $0 |
| Deferred revenue | $962,616 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,272,837 |
| Net assets without donor restrictions | $11,513,987 |
| Net assets with donor restrictions | $2,139,434 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,926,258 |
Grants Awarded
Over the last fiscal year, Learning Project Inc has awarded $14,706 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: STUDENTS READ A THON FUNDRAISING FOR "NEW TREES FOR CHARLESGATE" TO PLANT 3 NEW TREES AND REVITALIZE THAT SECTION OF OUR NEIGHBORHOOD. | $9,000 |
New York, NY PURPOSE: RAISED FROM STUDENTS TRICK OR TREATING, READ A THON, AND COIN DRIVE TO SUPPORT UNICEF IN ITS MISSION TO HELP CHILDREN AROUND THE WORLD | $5,706 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Learning Project Inc has recieved totaling $64,312.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $30,100 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $25,000 |
Arthur Ashley Williams Foundation Penobscot, ME PURPOSE: CAROLINE SCHMIDT ARTS/INSPIRATION FD | $5,000 |
Barr Foundation Boston, MA PURPOSE: MATCHING GIFTS PROGRAM: FOR UNRESTRICTED SUPPORT | $2,500 |
Fidelity Foundation Boston, MA PURPOSE: MATCHING GIFTS TO EDUCATION | $600 |
Ress Family Foundation Providence, RI PURPOSE: GENERAL SUPPORT | $500 |
Endowment Analysis
| Beg. Balance | $8,618,041 |
| Earnings | -$1,120,844 |
| Net Contributions | $169,576 |
| Other Expense | $105,500 |
| Ending Balance | $7,561,273 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Village Community School New York, NY | $70,966,980 | $22,510,782 |
Lycee International De Boston International School Of Boston Inc Cambridge, MA | $37,411,967 | $19,857,918 |
Speyer Legacy School New York, NY | $16,160,814 | $25,812,126 |
Fenn School Inc Concord, MA | $99,819,486 | $20,241,981 |
Amistad Academy Inc New Haven, CT | $35,461,697 | $16,961,980 |
Foote School Association Inc New Haven, CT | $45,302,394 | $17,181,198 |
Rumsey Hall School Incorporated Washington Depot, CT | $67,305,104 | $16,603,122 |
Eugenio Maria De Hostos Charter School Rochester, NY | $9,947,408 | $17,341,158 |
Buckley Country Day School Roslyn, NY | $25,298,235 | $15,722,484 |
Dedham Country Day School Dedham, MA | $40,544,639 | $16,952,187 |
Big Apple Institute Inc Brooklyn, NY | $4,985,995 | $17,005,118 |
Shore Country Day School Beverly, MA | $51,799,692 | $17,689,477 |