Lincoln Learning Solutions Inc
- Assets
- $74.3m
- Revenue
- $26.2m
- Investments
- $12.9m
- Employees
- 255
- Location
- Midland, PA
- Founding
- 09/2007
- Data as of
- 06/2022
- EIN
- 26-0125828
Organization Overview
Lincoln Learning Solutions Inc is located in Midland, PA. The organization was established in 2007. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Lincoln Learning Solutions Inc employed 255 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln Learning Solutions 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, Lincoln Learning Solutions Inc generated $26.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $23.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lincoln Learning Solutions Inc has awarded 114 individual grants totaling $16,180,954. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER LEARNING COMMUNITIES BY PROVIDING THEM WITH PRODUCTS, STRATEGIES AND SERVICES ALIGNED WITH PROVEN EDUCATIONAL PRACTICES.
Describe the Organization's Program Activity:
LLS PROVIDES ITS EDUCATIONAL CURRICULUM AND MANAGEMENT SERVICES TO ADVANCE EDUCATION OPPORTUNITIES FOR ALL AND TO PROVIDE SUPPORT TO THE COMMUNITIES IN WHICH THE MANAGED SCHOOLS ARE LOCATED. ULTIMATELY, THROUGH GRANTS AND DISTRIBUTIONS TO THESE LOCAL COMMUNITIES, LLS WILL HELP CREATE BETTER COMMUNITIES FOR THE LOCAL STUDENTS FOR WHICH IT IS PROVIDING EDUCATIONAL INSTRUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert M Clements Chairman/president/ceo | OfficerTrustee | 40 | $337,797 |
Robert L Dusch Jr Secretary | OfficerTrustee | 5 | $30,266 |
Bruce Boliver Treasurer | OfficerTrustee | 5 | $32,400 |
Connie Howard Director | Trustee | 5 | $32,294 |
Gerald K Gumpf Director | Trustee | 5 | $30,266 |
Craig W Mcmillen Chief Financial Officer | Officer | 40 | $230,934 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sla Professionals Llc Technology Consulting | 6/29/22 | $924,160 |
Bookpal Llc Curriculum Book Wholesaler | 6/29/22 | $868,198 |
Edustaff Llc Substitute Teacher Staffing | 6/29/22 | $623,295 |
Landmark Media Enterprises Llc Operating System Backups For Data Protec | 6/29/22 | $332,407 |
Kj Mccann & Associates Legal Services | 6/29/22 | $158,720 |
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 | $9,352,328 |
| Investment income | $399,428 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$21,396 |
| Net Gain/Loss on Asset Sales | $531,754 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $11,238,767 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,156,816 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $432,178 |
| 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. | $1,210,274 |
| Compensation of current officers, directors, key employees. | $605,137 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,364,032 |
| Pension plan accruals and contributions | $513,866 |
| Other employee benefits | $2,254,375 |
| Payroll taxes | $1,060,476 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $418,672 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $90,566 |
| Fees for services: Other | $1,313,032 |
| Advertising and promotion | $159,027 |
| Office expenses | $230,039 |
| Information technology | $1,585,870 |
| Royalties | $0 |
| Occupancy | $912,007 |
| Travel | $132,595 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,911 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $159,339 |
| Insurance | $200,932 |
| All other expenses | $0 |
| Total functional expenses | $23,482,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,502,100 |
| Savings and temporary cash investments | $18,545,905 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $571,305 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,740,439 |
| Inventories for sale or use | $4,743,269 |
| Prepaid expenses and deferred charges | $2,608,603 |
| Net Land, buildings, and equipment | $4,758,669 |
| Investments—publicly traded securities | $12,134,535 |
| Investments—other securities | $12,866,708 |
| Investments—program-related | $0 |
| Intangible assets | $1,393,513 |
| Other assets | $4,412,640 |
| Total assets | $74,277,686 |
| Accounts payable and accrued expenses | $2,055,975 |
| Grants payable | $216,632 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,272,607 |
| Net assets without donor restrictions | $72,005,079 |
| 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 | $74,277,686 |
Grants Awarded
Over the last fiscal year, Lincoln Learning Solutions Inc has awarded $381,757 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BEAVER COUNTY EDUCATIONAL TRUST PURPOSE: SUPPORT OPERATIONS | $90,000 |
THE FOUNDATION FOR FREE ENTERPRISE EDUCATION PURPOSE: SUPPORT OPERATIONS | $10,000 |
UNITED WAY OF BEAVER COUNTY PURPOSE: SUPPORT OPERATIONS | $62,000 |
MARS HOME FOR YOUTH FOUNDATION PURPOSE: SUPPORT OPERATIONS | $40,125 |
MIDLAND WOMEN'S CIVIC CLUB PURPOSE: SUPPORT OPERATIONS | $15,000 |
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA PURPOSE: SUPPORT OPERATIONS | $20,000 |