Learn More Center Inc
- Assets
- $153.7k
- Revenue
- $293.4k
- Investments
- $0.0
- Employees
- 13
- Location
- North Manchester, IN
- Founding
- 03/2009
- Data as of
- 12/2023
- EIN
- 26-4153548
Organization Overview
Learn More Center Inc is located in North Manchester, IN. The organization was established in 2009. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Learn More Center Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Learn More Center 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 12/2023, Learn More Center Inc generated $293.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $340.3k during the year ending 12/2023. While expenses have increased by 7.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE LEARN MORE CENTER INC.'S MISSION IS TO PROVIDE EDUCATIONAL SERVICES AND A LEARNING COMMUNITY TO MEET THE INSTRUCTIONAL NEEDS OF ADULT LEARNERS RELATED TO WORKFORCE READINESS, ADULT BASIC EDUCATION AND LITERACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT BASIC EDUCATION PROGRAM DEDICATED TO THE NEEDS OF ADULT LEARNERS. PROGRAM AREAS INCLUDE BASIC LITERACY INSTRUCTION, ENGLISH LANGUAGE LEARNING, INSTRUCTION IN HIGH SCHOOL EQUIVALENCY ATTAINMENT, WORKFORCE READINESS SKILLS, AND TRANSITION INTO POST-SECONDARY EDUCATION AND TRAINING. IN 2023, WE CONTINUED TO ADVANCE OUR PROGRAM AND CURRICULUM. WE COMPLETED STRATEGIC PLANNING AND BEGAN PROGRESS ON OUR STRATEGIC GOALS. IN 2023, WE EXPERIENCED A SURGE OF STUDENT ENROLLMENT, ESPECIALLY WITH OUR ENGLISH LANGUAGE LEARNERS. WE HAD 32 STUDENTS GRADUATE IN 2023, AS WELL AS 94 STUDENTS ADVANCE THEIR SKILLS. WE HAVE BEEN BLESSED WITH STRONG DONOR SUPPORT AND INSPIRING STUDENT SUCCESS CONTINUES. WE ARE ACTIVELY PURSUING PROGRAM EXPANSION DUE TO THIS SIGNIFICANTLY INCREASED ENROLLMENT. BEYOND OUR CURRENT PROGRAMMING, WE HAVE LAUNCHED THE SEARCH FOR NEW AND LARGER FACILITIES TO EXPAND OUR PROGRAMMING OPTIONS. WE ARE ACTIVELY WORKING ON CURRICULUM AND PARTNERSHIPS FOR HIGH QUALITY CAREER CERTIFICATIONS. OUR STUDENTS CONTINUED TO FACE BARRIERS, WITH THE NUMBER ONE BARRIER REPORTED TO BE "LACK OF SUCCESS IN EDUCATION". LEARN MORE CENTER CONTINUES TO WORK WITH STUDENTS TO OVERCOME THEIR BARRIERS TO SUCCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Johnson Director Of Education | OfficerTrustee | 40 | $58,011 |
Tim Adams Board Member | Trustee | 1 | $0 |
Ryan Baker Board Member | Trustee | 1 | $0 |
Karen Bechtold Vice President | OfficerTrustee | 2 | $0 |
Terri Camp Board Member | Trustee | 1 | $0 |
Kathy Carney Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $102,167 |
| All other contributions, gifts, grants, and similar amounts not included above | $188,053 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $290,220 |
| Total Program Service Revenue | $2,544 |
| Investment income | $181 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $293,366 |
| 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. | $58,011 |
| Compensation of current officers, directors, key employees. | $16,284 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $170,866 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,919 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,963 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,307 |
| Advertising and promotion | $1,101 |
| Office expenses | $5,873 |
| Information technology | $24,515 |
| Royalties | $0 |
| Occupancy | $23,025 |
| Travel | $1,085 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,763 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,829 |
| All other expenses | $1,725 |
| Total functional expenses | $340,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,399 |
| Savings and temporary cash investments | $148,313 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $153,712 |
| Accounts payable and accrued expenses | $3,216 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,216 |
| Net assets without donor restrictions | $110,588 |
| Net assets with donor restrictions | $39,908 |
| 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 | $153,712 |