Learning Village Inc
- Assets
- $1.4m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 32
- Location
- Kalamazoo, MI
- Founding
- 08/1989
- Data as of
- 12/2022
- EIN
- 38-2805837
Organization Overview
Learning Village Inc is located in Kalamazoo, MI. The organization was established in 1989. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Learning Village Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Learning Village 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 12/2022, Learning Village Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $992.7k during the year ending 12/2022. While expenses have increased by 1.8% per year over the past 8 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
CARE AND EDUCATION OF CHILDREN - TO PROVIDE EARLY CHILDHOOD CARE AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED CHILDCARE AND EARLY CHILDHOOD EDUCATION TO CHILDREN AGES BIRTH TO PRE-KINDERGARTEN AND ALSO TO EDUCATIONALLY AND ECONOMICALLY DISADVANTAGED CHILDREN. CHILDREN ARE SERVED AT TWO SITE LOCATIONS. PROVIDED SUMMER PROGRAMS FOR SCHOOL-AGE CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Brown Director/sec | OfficerTrustee | 40 | $72,800 |
Elizabeth Brown Director | Trustee | 1 | $0 |
Robert Brown President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,138,554 |
| All other contributions, gifts, grants, and similar amounts not included above | $140 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,138,694 |
| Total Program Service Revenue | $472,266 |
| Investment income | $2,778 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,868 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,608,870 |
| 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. | $72,800 |
| Compensation of current officers, directors, key employees. | $17,472 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $610,403 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,315 |
| Payroll taxes | $54,567 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,166 |
| Office expenses | $162 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $118,987 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,185 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,016 |
| Insurance | $22,763 |
| All other expenses | $32 |
| Total functional expenses | $992,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,133,098 |
| Pledges and grants receivable | $8,307 |
| 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 | $202,929 |
| Investments—publicly traded securities | $84,559 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,428,893 |
| Accounts payable and accrued expenses | $30,070 |
| 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 | $48,246 |
| Total liabilities | $78,316 |
| Net assets without donor restrictions | $1,350,577 |
| 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 | $1,428,893 |