Learning Clinic Inc
- Assets
- $21.0m
- Revenue
- $2.7m
- Investments
- $190.3k
- Employees
- 42
- Location
- Brooklyn, CT
- Founding
- 06/1985
- Data as of
- 07/2023
- EIN
- 06-1023016
Organization Overview
Learning Clinic Inc is located in Brooklyn, CT. The organization was established in 1985. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 07/2023, Learning Clinic Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Learning Clinic 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 07/2023, Learning Clinic Inc generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $4.2m during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SCHOOL PROVIDES SPECIAL EDUCATION SERVICES FOR CHILDREN WITH LEARNING DISORDERS AND DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL EDUCATION PROGRAMS PROVIDED TO APPROXIMATELY 28 STUDENTS FOR THE REGULAR SCHOOL YEAR AND 26 STUDENTS FOR THE SUMMER SCHOOL PROGRAM.
RESIDENTIAL PROGRAM PROVIDING HOUSING TO APPROXIMATELY 2 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Ducharme Treasurer | OfficerTrustee | 20 | $43,755 |
Seth Ducharme Chair Of Board | OfficerTrustee | 0 | $0 |
Tara Scanlon Director Of Operations | Trustee | 40 | $99,231 |
Robin Ducharme Director | Trustee | 0 | $0 |
Dyan Finguerra Director | Trustee | 0 | $0 |
John Franchi Director | Trustee | 0 | $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 | $1,836 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,836 |
| Total Program Service Revenue | $2,457,588 |
| Investment income | $195,146 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,223 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,664,591 |
| 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. | $302,162 |
| Compensation of current officers, directors, key employees. | $52,020 |
| Compensation to disqualified persons | $1,744,022 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $150,484 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,722 |
| Fees for services: Accounting | $61,796 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $73,302 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,079 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $193,475 |
| Travel | $22,052 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $549 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $241,418 |
| Insurance | $514,342 |
| All other expenses | $245,073 |
| Total functional expenses | $4,229,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,931 |
| Savings and temporary cash investments | $372,638 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $447,047 |
| Loans from Officers, Directors, or Controlling Persons | $8,799 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $32,253 |
| Net Land, buildings, and equipment | $2,707,558 |
| Investments—publicly traded securities | $17,175,139 |
| Investments—other securities | $190,345 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,047,710 |
| Accounts payable and accrued expenses | $2,057,744 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,148,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,818 |
| Total liabilities | $3,224,562 |
| Net assets without donor restrictions | $17,823,148 |
| 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 | $21,047,710 |