Living Classrooms Foundation Inc
- Assets
- $45.3m
- Revenue
- $11.8m
- Investments
- $0.0
- Employees
- 405
- Location
- Baltimore, MD
- Founding
- 05/1998
- Data as of
- 12/2023
- EIN
- 52-1369524
Organization Overview
Living Classrooms Foundation Inc is located in Baltimore, MD. The organization was established in 1998. As of 12/2023, Living Classrooms Foundation Inc employed 405 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Living Classrooms Foundation 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, Living Classrooms Foundation Inc generated $11.8m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $9.9m during the year ending 12/2023. 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
LIVING CLASSROOMS FOUNDATION IS A NONPROFIT ORGANIZATION, OPERATED FOR THE BENEFIT OF THE COMMUNITY AT LARGE, PROVIDING HANDS ON EDUCATION AND JOB TRAINING FOR STUDENTS FROM DIVERSE BACKGROUNDS, WITH A SPECIAL EMPHASIS ON SERVING AT RISK YOUTH. THE FOUNDATION USES MARITIME SETTINGS, COMMUNITY REVITALIZATION PROJECTS AND OTHER CHALLENGING LEARNING ENVIRONMENTS, WITH A LOW STAFF TO STUDENT RATIO. OUR EXPERIENCE BASED EDUCATIONAL PROGRAMS EMPHASIZE THE APPLIED LEARNING OF MATH, SCIENCE, LANGUAGE ARTS, HISTORY, ECONOMICS AND ECOLOGY. KEY OBJECTIVES OF ALL LIVING CLASSROOMS PROGRAMS ARE CAREER DEVELOPMENT, COOPERATIVE LEARNING, ELEVATING SELF-ESTEEM, AND FOSTERING MULTICULTURAL EXCHANGE. LIVING CLASSROOMS FOUNDATION PROVIDES OVER 30 EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIVING CLASSROOMS FOUNDATION OPERATES FOR THE BENEFIT OF THE COMMUNITY AT LARGE, PROVIDING HANDS ON EDUCATION AND JOB SKILL TRAINING FOR STUDENTS FROM DIVERSE BACKGROUNDS, WITH AN EMPHASIS ON SERVING AT-RISK YOUTH.
LIVING CLASSROOMS FOUNDATION DC PROVIDES YOUTH AND ADULTS WITH CHALLENGING EDUCATIONAL PROGRAMS AND OFFERS SHIPBOARD AND OUTREACH PROGRAMS TO THE COMMUNITY.
INNER HARBOR PADDLEBOATS EDUCATES AND HIRES AT RISK TEENAGERS TO MANAGE, RUN AND MAINTAIN PADDLEBOAT AND ELECTRIC BOAT RENTALS AT THE INNER HARBOR OF BALTIMORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anil Kshepakaran Trustee | Trustee | 1 | $0 |
Jeffrey Cherry Trustee | Trustee | 1 | $0 |
Brian Billick Trustee | Trustee | 1 | $0 |
Jorge Acevedo Trustee | Trustee | 1 | $0 |
Carserlo Doyle Trustee | Trustee | 1 | $0 |
Claire Broido Johnson Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Air Llc Hvac | 12/30/23 | $189,780 |
Cousins Landscaping & Hardscape Install 2 Exterior Security Gates, Ramp | 12/30/23 | $127,093 |
Down To The Dust Cleaning Services School Cleaning | 12/30/23 | $103,919 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $738,602 |
| Related organizations | $0 |
| Government grants | $3,711,490 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,858,062 |
| Noncash contributions included in lines 1a–1f | $496,656 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,308,154 |
| Total Program Service Revenue | $1,067,507 |
| Investment income | $280,957 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $130,659 |
| Net Income from Fundraising Events | -$117,388 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,767,669 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| 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. | $775,084 |
| Compensation of current officers, directors, key employees. | $93,010 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,860,595 |
| Pension plan accruals and contributions | $79,699 |
| Other employee benefits | $563,081 |
| Payroll taxes | $389,360 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $39,000 |
| Fees for services: Investment Management | $17,705 |
| Fees for services: Other | $359,650 |
| Advertising and promotion | $11,796 |
| Office expenses | $315,063 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $248,604 |
| Travel | $172,375 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $64,327 |
| Interest | $101,740 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $552,749 |
| Insurance | $903,911 |
| All other expenses | -$519,498 |
| Total functional expenses | $9,928,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,969,396 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,677,348 |
| Accounts receivable, net | $239,366 |
| 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 | $508,447 |
| Net Land, buildings, and equipment | $15,182,832 |
| Investments—publicly traded securities | $9,716,123 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,025,437 |
| Total assets | $45,318,949 |
| Accounts payable and accrued expenses | $1,980,973 |
| Grants payable | $0 |
| Deferred revenue | $262,888 |
| 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 | $4,231,800 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $767,023 |
| Total liabilities | $7,242,684 |
| Net assets without donor restrictions | $31,140,248 |
| Net assets with donor restrictions | $6,936,017 |
| 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 | $45,318,949 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pittsburgh Institute Of Aeronautics West Mifflin, PA | $29,962,148 | $13,579,845 |
Living Classrooms Foundation Inc Baltimore, MD | $45,318,949 | $11,767,669 |
William R Moore College Of Technology Memphis, TN | $10,214,595 | $4,525,001 |
Business Education In Science And Technology For New Americans Inc Brooklyn, NY | $2,205,004 | $4,679,269 |
Cincinnati State Technical And Community College Foundation Cincinnati, OH | $17,484,127 | $3,575,978 |