Community Learning Center Inc
- Assets
- $9.9m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 17
- Location
- Kendallville, IN
- Founding
- 08/2019
- Data as of
- 06/2024
- EIN
- 83-4223782
Organization Overview
Community Learning Center Inc is located in Kendallville, IN. The organization was established in 2019. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2024, Community Learning Center Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community 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 06/2024, Community Learning Center Inc generated $6.0m in total revenue. All expenses for the organization totaled $3.2m during the year ending 06/2024.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
(A) TO FOSTER AND ENHANCE ECONOMIC AND COMMUNITY DEVELOPMENT IN THE CITY OF KENDALLVILLE, INDIANA (THE "CITY") AND SURROUNDING COMMUNITY; (B) TO DEVELOP AND OPERATE A COMMUNITY LEARNING CENTER (THE "CENTER") THAT WILL SERVE AS A MULTI-DISCIPLINARY EDUCATION, HEALTH AND WELLNESS HUB IN THE CITY; (C) TO SUPPORT EDUCATIONAL AND WORKFORCE PROGRAMS THAT STRENGTHEN THE CITY AND SURROUNDING COMMUNITY; (D) TO FACILITATE COORDINATION AND COLLABORATION AMONG NONPROFIT ORGANIZATIONS AND GOVERNMENT AGENCIES THAT UTILIZE THE CENTER'S SPACE TO PROMOTE EFFICIENCY AND GREATER CHARITABLE OUTCOMES FOR THE COMMUNITY; (E) TO SERVE AS A CENTRALIZED CONNECTION POINT FOR THE SUPPORTED ORGANIZATIONS (AS DEFINED BELOW) IN THEIR STRATEGIC AND COORDINATED EFFORTS TO COMBAT COMMUNITY DETERIORATION AND PROMOTE CIVIC REVITALIZATION; AND (F) IN FURTHERANCE OF THE AFORESAID PURPOSES, TO TRANSACT ANY AND ALL LAWFUL BUSINESS FOR WHICH CORPORATIONS MAY BE INCORPORATED UNDER THE ACT, PROVIDED SUCH BUSINESS IS NOT INCONSI
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SPACE TO NON-PROFIT AGENCIES AND THE COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Carpenter Director | Trustee | 0.39 | $0 |
Jordi Disler Director | Trustee | 0.42 | $0 |
Suzanne Handshoe Director | Trustee | 0.12 | $0 |
Candice Holbrook Director | Trustee | 0.31 | $0 |
Thomas R Leedy Treasurer | OfficerTrustee | 0.82 | $0 |
Brian Leitch Director | Trustee | 0.28 | $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 | $5,532,851 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,532,851 |
| Total Program Service Revenue | $334,861 |
| Investment income | $102,796 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,970,508 |
| 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. | $95,769 |
| Compensation of current officers, directors, key employees. | $95,769 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $260,474 |
| Pension plan accruals and contributions | $8,209 |
| Other employee benefits | $0 |
| Payroll taxes | $29,813 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $16,727 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $159,728 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,107 |
| Interest | $127,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $378,873 |
| Insurance | $27,437 |
| All other expenses | $0 |
| Total functional expenses | $3,150,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,610,294 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $7,293,283 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,110 |
| Total assets | $9,910,687 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $2,750,000 |
| Other liabilities | $8,429 |
| Total liabilities | $2,758,429 |
| Net assets without donor restrictions | $4,832,624 |
| Net assets with donor restrictions | $2,319,634 |
| 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 | $9,910,687 |