Good Counsel Learning Center Inc
- Assets
- $318.3k
- Revenue
- $188.4k
- Investments
- $0.0
- Employees
- 18
- Location
- Mankato, MN
- Founding
- Data as of
- 06/2023
- EIN
- 61-1915154
Organization Overview
Good Counsel Learning Center Inc is located in Mankato, MN. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2023, Good Counsel Learning Center Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good Counsel Learning Center 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 06/2023, Good Counsel Learning Center Inc generated $188.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $161.4k during the year ending 06/2023. 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
WE PROVIDE PERSONALIZED INSTRUCTION FOR STUDENTS TO REACH THEIR FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULTS: FROM SEPTEMBER 1, 2022 - AUGUST 31, 2023, WE SERVED 16 ADULTS WHO ATTENDED A TOTAL OF 857 HOURS. FOUR OF THESE WERE ADULT WOMEN FROM VIETNAM STUDYING ENGLISH IN PREPARATION FOR UNIVERSITY PROGRAMS IN THE U.S. ONE WOMAN FROM JAPAN WAS PREPARING FOR A PROGRAM IN ROME, AND ONE FROM INDIA CAME TO REVIEW HER ENGLISH FOR MINISTRY HERE IN MINNESOTA. TWENTY THREE ADULTS WERE LOCAL RESIDENTS LEARNING ENGLISH AS A SECOND LANGUAGE OR PREPARING FOR UNIVERSITY STUDIES.YOUTH: FROM SEPTEMBER 1, 2022 - AUGUST 31, 2023, THE CENTER SERVED 49 K 12 STUDENTS WHO ATTENDED A TOTAL OF 1103 HOURS. ELEMENTARY STUDENTS RECEIVED INSTRUCTION IN READING, WRITING, AND MATH. HIGH SCHOOL STUDENTS CAME FOR MATH OR WRITING/COMPOSITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Kolars Board Chair | OfficerTrustee | 1 | $0 |
Steve Jansen Treasurer | OfficerTrustee | 4 | $0 |
Steve Isakson Treasurer | OfficerTrustee | 4 | $0 |
Steve Fink Director | Trustee | 1 | $0 |
Randy Haley Director | Trustee | 1 | $0 |
Jane Kolars Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $37,830 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $91,423 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $129,253 |
| Total Program Service Revenue | $61,520 |
| Investment income | $1,501 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,916 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $188,358 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $21,186 |
| 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 | $109,275 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,584 |
| Payroll taxes | $6,970 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,676 |
| 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 | $0 |
| Advertising and promotion | $1,046 |
| Office expenses | $3,801 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $666 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $802 |
| Total functional expenses | $161,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,679 |
| Savings and temporary cash investments | $300,610 |
| 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 | $8 |
| 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 | $318,297 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $2,153 |
| 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 | $2,153 |
| Net assets without donor restrictions | $316,144 |
| 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 | $318,297 |