Living Classrooms Foundation
- Assets
- $9.1m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 05/1998
- Data as of
- 12/2022
- EIN
- 91-2026597
Organization Overview
Living Classrooms Foundation is located in Baltimore, MD. The organization was established in 1998. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Living Classrooms Foundation 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, Living Classrooms Foundation generated $5.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $4.8m during the year ending 12/2022. While expenses have increased by 4.9% 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
LIVING CLASSROOMS FOUNDATION SUBSIDIARIES SPONSORS, SUPPORTS, AND/OR MAINTAINS THE FOLLOWING PROGRAMS: DISCOVERY CREEK CHILDREN'S MUSEUM (52-1714855), FREDERICK DOUGLASS ISSAC MYERS MARITIME PARK, INC. (52-2112955), NATIONAL HISTORIC SEAPORT OF BALTIMORE, INC. (52-2112952), FRIENDS OF FORT MCHENRY, INC. (52-2060624), PROJECT SERVE, INC. (91-1912227), AND CROSSROADS SCHOOL (71-0906529).
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECT SERVE - REHABILITATES INNER CITY HOMES, CLEANS AND BOARDS ABANDONED HOUSES, AND PROVES JOB TRAINING FOR INNER CITY RESIDENTS.
DISCOVERY CREEK CHILDREN'S MUSEUM - PROVIDES ENVIRONMENTAL EDUCATION IN AN OUTDOOR SETTING.BALTIMORE HARBOR SHUTTLE- PROVIDES HISTORIC AND EDUCATIONAL TOURS OF THE BALTIMORE INNER HARBOR.NATIONAL HISTORIC SEAPORTFRIENDS OF FORT MCHENRY, INC.
FREDERICK DOUGLAS/ISAAC MYERS MARITIME PARK
CROSSROADS SCHOOL
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $35,549 |
| Related organizations | $0 |
| Government grants | $1,442,658 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,277,977 |
| Noncash contributions included in lines 1a–1f | $49,984 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,756,184 |
| Total Program Service Revenue | $315,987 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $292,620 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$26,164 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,351,403 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,199,349 |
| Pension plan accruals and contributions | $2,119 |
| Other employee benefits | $69,632 |
| Payroll taxes | $176,483 |
| 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 | $48,910 |
| Advertising and promotion | $8,668 |
| Office expenses | $78,266 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $77,785 |
| Travel | $21,128 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,177 |
| Interest | $91,353 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $363,270 |
| Insurance | $132,467 |
| All other expenses | $257,533 |
| Total functional expenses | $4,787,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $337,476 |
| Accounts receivable, net | $134,712 |
| 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 | $12,792 |
| Net Land, buildings, and equipment | $8,663,630 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,148,610 |
| Accounts payable and accrued expenses | $16,474 |
| Grants payable | $0 |
| Deferred revenue | $426,486 |
| 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 | $3,177,753 |
| Total liabilities | $3,620,713 |
| Net assets without donor restrictions | $2,920,116 |
| Net assets with donor restrictions | $2,607,781 |
| 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 | $9,148,610 |