The George B Thomas Sr Learning Academy Inc
- Assets
- $848.0k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 233
- Location
- Silver Spring, MD
- Founding
- 04/1996
- Data as of
- 06/2022
- EIN
- 52-1962992
Organization Overview
The George B Thomas Sr Learning Academy Inc is located in Silver Spring, MD. The organization was established in 1996. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, George B Thomas Sr Learning Academy Inc employed 233 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George B Thomas Sr Learning Academy 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 06/2022, George B Thomas Sr Learning Academy Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. 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
THE MISSION IS TO ACCELERATE STUDENTS MASTERY OF CORE ACADEMIC SUBJECTS AND TO CLOSE THE ACHIEVMENT GAP. THE GEORGE B. THOMAS, SR. LEARNING ACADEMY, INC. HAS BEEN IN IN OPERATION SINCE 1986 AND HAS ENHANCED THE ACADEMIC ACHIEVMENT OF 1,000S OF CHILDREN IN MONTGOMERY COUNTY, MD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORE PROGRAM OF THE GEORGE B. THOMAS, SR. LEARNING ACADEMY, SATURDAY SCHOOL OFFERS TUTORING AND MENTORING IN READING/LANGUAGE ARTS, MATHEMATICS, AND TEST TAKING SKILLS FOR STUDENTS IN GRADES 1-12. THE CURRICULUM IS ALIGNED WITH THE MONTGOMERY COUNTY PUBLIC SCHOOLS.GRADE 1 THROUGH 8 FOCUS ON READING, LANGUAGE ARTS AND MATH.GRADES 9 THROUGH 12 FOCUS ON CORE SUBJECTS (ENGLISH AND MATH); SUPPORT OF HIGH SCHOOL ASSESSMENTS; HSA BRIDGE SUPPORT AVAILABLE AT SELECTED SITES.COLLEGE AND CAREEER READINESS IS EMPHASIZED.
THE GBTLA BECAME A SPONSOR OF THE AMERICORPS PROGRAM PROJECT CHANGE DURING FISCAL YEAR 2007. AMERICORPS STRIVES TO GET THINGS DONE IN AMERICA TO MAKE PEOPLE SAFER, SMARTER, AND HEALTHIER. PROJECT CHANGE PLACED OVER 23 AMERICCORPS MEMBERS WORKING WITH 14 NON-PROFIT ORGANIZATIONS AND GOVERNMENT AGENCIES TO FURTHER THE MISSION OF THE AMERICORPS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Khadija F Barkley Member | Trustee | 12 | $0 |
Paul Scott Member | Trustee | 0 | $0 |
David Hill Member | Trustee | 0 | $0 |
Eric D Bailey Member | Trustee | 0.5 | $0 |
Edmund Stevens Member | Trustee | 0 | $0 |
Lorenzo Prillman Member | Trustee | 0 | $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 | $1,426,172 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,426,172 |
| Total Program Service Revenue | $83,081 |
| Investment income | $305 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $21,505 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,531,063 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $38,984 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $917,780 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $87,553 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,955 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $312 |
| 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 | $0 |
| Insurance | $3,451 |
| All other expenses | $80,725 |
| Total functional expenses | $1,475,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $299,960 |
| Savings and temporary cash investments | $223,604 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $324,448 |
| 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 | $848,012 |
| Accounts payable and accrued expenses | $70,881 |
| Grants payable | $0 |
| Deferred revenue | $39,696 |
| 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 | $110,577 |
| Net assets without donor restrictions | $737,435 |
| 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 | $848,012 |