Therapeutic Learning Center
- Assets
- $5.7m
- Revenue
- $11.0m
- Investments
- $0.0
- Employees
- 117
- Location
- Willingboro, NJ
- Founding
- 02/1993
- Data as of
- 06/2022
- EIN
- 22-3201547
Organization Overview
Therapeutic Learning Center is located in Willingboro, NJ. The organization was established in 1993. According to its NTEE Classification (F02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2022, Therapeutic Learning Center employed 117 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Therapeutic Learning Center 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, Therapeutic Learning Center generated $11.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $10.9m during the year ending 06/2022. While expenses have increased by 3.0% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TEACHING HANDICAPPED STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEACHING OF EMOTIONALLY DISTURBED AND OTHER HANDICAPPED STUDENTS IN ALL GRADES APPROXIMATELY 224 STUDENTS WERE SERVED DURING THE PERIOD 07/01/22- 06/30/23.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Deringer Chairman | Trustee | 1 | $0 |
Steven Traum Vice Chairman | Trustee | 1 | $0 |
Janice Traum Board Of Director | Trustee | 1 | $0 |
Gladys Morse Board Of Director | Trustee | 1 | $0 |
Jennifer Gabel Board Member & Chair | Trustee | 1 | $0 |
Terri Deringer Board Member & Chair | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alerus Retirement Solutions Retirement Solutions | 6/29/22 | $1,104,166 |
Woodward Construction Co Construction Services | 6/29/22 | $1,653,392 |
Delta-t Group North Jersley Inc Educational Staffing | 6/29/22 | $660,758 |
Networx - Joseph Connell Computer Consulting Services | 6/29/22 | $152,210 |
Invo Healthcare Associates Occupational Therapy | 6/29/22 | $128,305 |
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 | $14,855 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,855 |
| Total Program Service Revenue | $11,032,390 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,195 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,048,440 |
| 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. | $334,801 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,820,004 |
| Pension plan accruals and contributions | $774,236 |
| Other employee benefits | $1,060,969 |
| Payroll taxes | $385,506 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,455 |
| Fees for services: Accounting | $160,671 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,283 |
| Advertising and promotion | $19,057 |
| Office expenses | $486,741 |
| Information technology | $500,050 |
| Royalties | $0 |
| Occupancy | $385,806 |
| Travel | $18,110 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,500 |
| Interest | $20,025 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $183,701 |
| Insurance | $75,866 |
| All other expenses | $54,960 |
| Total functional expenses | $10,948,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $796,116 |
| Savings and temporary cash investments | $187,856 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,436,124 |
| 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 | $44,239 |
| Net Land, buildings, and equipment | $3,219,728 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,684,063 |
| Accounts payable and accrued expenses | $1,053,004 |
| 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 | $0 |
| Secured mortgages and notes payable | $2,645,019 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,698,023 |
| Net assets without donor restrictions | $375,718 |
| Net assets with donor restrictions | $1,610,322 |
| 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 | $5,684,063 |