Academic Learning Center
- Assets
- $343.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Concord, NC
- Founding
- 10/1998
- Data as of
- 06/2022
- EIN
- 56-1963975
Organization Overview
Academic Learning Center is located in Concord, NC. The organization was established in 1998. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academic 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 06/2022, Academic Learning Center generated $142.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $104.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PARTNERS WITH THE EDUCATIONAL SYSTEM TO IMPROVE ACADEMIC PERFORMANCE AND CONFIDENCE THROUGH A QUALITY AFTERSCHOOL TUTORING PROGRAM AND SUMMER SCHOOL READING ENRICHMENT PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hunter Morrison Chairperson | 3 | $0 | |
Jeanette Trexler Secretary | 3 | $0 | |
Laura M Baker Director | 1 | $0 | |
Contisha Barnes Director | 1 | $0 | |
W Brian Hiatt Chairperson | 2 | $0 | |
Rob Johnson Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $135,495 |
| Total Program Service Revenue | $3,000 |
| Membership dues | $0 |
| Investment income | $32 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $4,248 |
| Total Revenue | $142,775 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $33,142 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $2,100 |
| Printing, publications, postage, and shipping | $140 |
| Other expenses | $69,434 |
| Total expenses | $104,816 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $328,861 |
| Other assets | $0 |
| Total assets | $343,720 |
| Total liabilities | $9,075 |
| Net assets or fund balances | $334,645 |