Tlc The Learning Center
- Assets
- $117.7k
- Revenue
- $1.9m
- Investments
- $562.0
- Employees
- 50
- Location
- Charles City, IA
- Founding
- 12/2000
- Data as of
- 06/2023
- EIN
- 42-1508110
Organization Overview
Tlc The Learning Center is located in Charles City, IA. The organization was established in 2000. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 06/2023, Tlc The Learning Center employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tlc The 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 06/2023, Tlc The Learning Center generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $2.0m during the year ending 06/2023. While expenses have increased by 19.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TLC THE LEARNING CENTER WILL PROVIDE A SAFE, LOVING, NURTURING ENVIRONMENT AVAILABLE TO ALL CHILDREN WITH EDUCATIONAL OPPORTUNITIES PROVIDED BY PROFESSIONALLY QUALIFIED STAFF WHILE HAVING FUN
Describe the Organization's Program Activity:
Part 3 - Line 4a
TLC THE LEARNING CENTER SERVES FAMILIES WITH CHILDREN AGES 6 WEEKS THROUGH KINDERGARTEN ENTRY.HOURS OF OPERATION ARE MONDAY-FRIDAY, 530AM TO 630PM, CLOSED FOR ONLY THE 6 MAJOR HOLIDAYS EACH YEAR. AT ANY GIVEN TIME, TLC SERVES AN AVERAGE OF FIFTY FAMILIES. THE GOAL IS TO OFFER A QUALITY ENVIRONMENT WITH LEARNING OPPORTUNITES THAT FOSTER THE DEVELOPMENT OF THE WHOLE CHILD INTELLECTUALLY, PHYSICALLY, AND SOCIALLY/EMOTIONALLY. TLC WILL PROVIDE A FOUNDATION THAT WILL HELP CHILDREN ENTER SCHOOL READY TO LEARN, WITH EMPHASIS ON LITERACY, NUMERACY, AND SOCIAL COMPETENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Meyer Board Member | Trustee | 0.5 | $0 |
Judy Hauser Board Member | OfficerTrustee | 0.5 | $0 |
Lisa Garden Secretary | Trustee | 0.5 | $0 |
Pam Durrwachter Board Member | Trustee | 0.5 | $0 |
Peter Kloberdanz Board Member | Trustee | 0.5 | $0 |
Jessi Sindlinger Board Member | Trustee | 0.5 | $0 |
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 | $538,552 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $538,552 |
| Total Program Service Revenue | $1,323,745 |
| Investment income | $1 |
| 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 | $1,868,674 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,027,846 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $509,198 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $40,512 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,999 |
| Advertising and promotion | $4,529 |
| Office expenses | $4,589 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $252,153 |
| Travel | $879 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,549 |
| Insurance | $9,343 |
| All other expenses | $4,684 |
| Total functional expenses | $1,964,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,262 |
| Savings and temporary cash investments | -$396 |
| 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 | $202 |
| Net Land, buildings, and equipment | $26,038 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $562 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $117,668 |
| Accounts payable and accrued expenses | $12,807 |
| 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 | $158,165 |
| Total liabilities | $170,972 |
| Net assets without donor restrictions | $0 |
| 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 | -$53,304 |
| Total liabilities and net assets/fund balances | $117,668 |