Learning Village Inc
- Assets
- $963.7k
- Revenue
- $949.4k
- Investments
- $0.0
- Employees
- 34
- Location
- Kalamazoo, MI
- Founding
- 08/1989
- Data as of
- 12/2021
- 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 12/2021, Learning Village Inc employed 34 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 12/2021, Learning Village Inc generated $949.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $861.5k during the year ending 12/2021. While expenses have increased by 0.0% per year over the past 7 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
2021
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 | $0 | |
Robert Brown President | OfficerTrustee | $0 | |
Elizabeth Brown Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $481,799 |
| All other contributions, gifts, grants, and similar amounts not included above | $100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $481,899 |
| Total Program Service Revenue | $463,655 |
| Investment income | $3,805 |
| 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 | $949,359 |
| 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. | $43,609 |
| Compensation of current officers, directors, key employees. | $10,466 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $479,572 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $78,687 |
| Payroll taxes | $44,369 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,710 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $435 |
| Office expenses | $18 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $110,333 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,016 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,374 |
| Insurance | $17,865 |
| All other expenses | $28 |
| Total functional expenses | $861,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $749,755 |
| Pledges and grants receivable | $58 |
| 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 | $337 |
| Net Land, buildings, and equipment | $124,659 |
| Investments—publicly traded securities | $88,919 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $963,728 |
| Accounts payable and accrued expenses | $21,093 |
| 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 | $144,696 |
| Other liabilities | $56,646 |
| Total liabilities | $222,435 |
| Net assets without donor restrictions | $741,293 |
| 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 | $963,728 |
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