Learning Community Inc
- Assets
- $3.4m
- Revenue
- $1.8m
- Investments
- $667.3k
- Employees
- 35
- Location
- Westport, CT
- Founding
- 11/1971
- Data as of
- 08/2024
- EIN
- 06-0870653
Organization Overview
Learning Community Inc is located in Westport, CT. The organization was established in 1971. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 08/2024, Learning Community Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Learning Community 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 08/2024, Learning Community Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $1.6m during the year ending 08/2024. While expenses have increased by 4.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
NON-DENOMINATIONAL PRESCHOOL AND KINDERGARTEN
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEARNING COMMUNITY IS A NON-PROFIT NON-DENOMINATIONAL SCHOOL THAT PROVIDES AN ALTERNATIVE EDUCATION OPPORTUNITY FOR CHILDREN THROUGHOUT FAIRFIELD COUNTY. THE SCHOOL COVERS PRESCHOOL TO KINDERGARTEN.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerryn Griffin Executive Director | OfficerTrustee | 1 | $105,177 |
Laura Gitto Co-President | OfficerTrustee | 1 | $0 |
Mariana Perez Co-President | OfficerTrustee | 1 | $0 |
Caroline Ferson Secretary | OfficerTrustee | 1 | $0 |
Danny White Treasurer | OfficerTrustee | 1 | $0 |
Alixandra Shenkin Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,629,500 |
| Investment income | $77,168 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $49,925 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,765,451 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $118,572 |
| Compensation of current officers, directors, key employees. | $110,847 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,028,015 |
| Pension plan accruals and contributions | $31,061 |
| Other employee benefits | $32,326 |
| Payroll taxes | $93,123 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $100 |
| Office expenses | $31,257 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $86,898 |
| 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 | $32,709 |
| Insurance | $26,130 |
| All other expenses | $42,769 |
| Total functional expenses | $1,635,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $457,493 |
| Savings and temporary cash investments | $1,575,952 |
| Pledges and grants receivable | $0 |
| 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 | $91,743 |
| Net Land, buildings, and equipment | $193,313 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $667,285 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $439,897 |
| Total assets | $3,425,683 |
| Accounts payable and accrued expenses | $5,400 |
| Grants payable | $0 |
| Deferred revenue | $1,400,664 |
| 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 | $442,848 |
| Total liabilities | $1,848,912 |
| Net assets without donor restrictions | $1,576,771 |
| Net assets with donor restrictions | $0 |
| 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 | $3,425,683 |