Learning Tree Inc
- Assets
- $14.7m
- Revenue
- $22.1m
- Investments
- $3.4m
- Employees
- 778
- Location
- Mobile, AL
- Founding
- 12/1983
- Data as of
- 12/2022
- EIN
- 63-0854115
Organization Overview
Learning Tree Inc is located in Mobile, AL. The organization was established in 1983. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 12/2022, Learning Tree Inc employed 778 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Learning Tree 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 12/2022, Learning Tree Inc generated $22.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $22.2m during the year ending 12/2022. While expenses have increased by 1.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CARE FOR, EDUCATE, AND HABILITATE CHILDREN AND ADULTS WITH DEVELOPMENTAL DISABILITIES IN ACADEMIC AND SOCIAL SKILLS; TO CONDUCT RESEARCH ON THESE DISABILITIES; AND TO EDUCATE THE PUBLIC ABOUT THE NEEDS AND ABILITIES OF INDIVIDUALS WITH DEVELOPMENTAL DISABILITES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL - TO PROVIDE TRANSPORATION, CLOTHING, MEALS, OCCUPANCY, AND AROUND THE CLOCK CARE TO THE ORGANIZATION'S RESIDENTS.
EDUCATIONAL - TO PROVIDE AN ACADEMIC ENVIRONMENT FOR STUDENTS WITH SPECIAL NEEDS.
BEHAVIORAL AND CLINIC - TO PROVIDE COUNSELING AND THERAPEUTIC SERVICES TO THE ORGANIZATION'S STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Dougherty President | OfficerTrustee | 2 | $0 |
Marcia Rossi Vice President | OfficerTrustee | 2 | $0 |
Allison Kendall Secretary | OfficerTrustee | 2 | $0 |
Nathan Handmacher Treasurer | OfficerTrustee | 2 | $0 |
Jimmie L Brown Board Member | Trustee | 2 | $0 |
Dr John W Caldwell IV Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $345,759 |
| All other contributions, gifts, grants, and similar amounts not included above | $170,865 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $516,624 |
| Total Program Service Revenue | $21,503,275 |
| Investment income | $69,917 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,933 |
| Net Income from Fundraising Events | $15,603 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,120,352 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $232,112 |
| Compensation of current officers, directors, key employees. | $37,138 |
| Compensation to disqualified persons | $14,271,799 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $1,471,008 |
| Other employee benefits | $0 |
| Payroll taxes | $1,060,738 |
| 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 | $147,816 |
| Advertising and promotion | $55,714 |
| Office expenses | $744,190 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,043,891 |
| Travel | $98,447 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,757 |
| Interest | $28,169 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $393,850 |
| Insurance | $483,759 |
| All other expenses | $541,744 |
| Total functional expenses | $22,197,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,295,657 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,932,651 |
| 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 | $257,515 |
| Net Land, buildings, and equipment | $3,989,485 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,415,091 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,792,361 |
| Total assets | $14,682,760 |
| Accounts payable and accrued expenses | $276,374 |
| 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 | $1,064,302 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,394,447 |
| Total liabilities | $2,735,123 |
| Net assets without donor restrictions | $11,754,609 |
| Net assets with donor restrictions | $193,028 |
| 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 | $14,682,760 |