2024-10-26T08:45:33-04:00 2024-06-30 473903984 Jay Aronowitz CPA 49 Independence Drive Monroe Township NJ 08831 990 2023-07-01 273328809 The Learning Company LEAR 315 West Maple Avenue Langhorne PA 19047 Joye Nagle Treasurer 6098512522 2024-09-18 true true Jay Aronowitz P00086337 6096193038 2024-10-26 X 2023 2024-10-15 13:58:12Z Joel Hammon 1412047 false X www.learningcooperatives.org X 2010 PA The Learning Company is a group of local centers that make living and learning without school an option for teens. We provide academic and non-academic support as well as a supportive community for teens to pursue their education. We operate centers in three communities. 9 9 13 60 0 0 64895 42891 1224550 1355024 5300 14132 0 1294745 1412047 338556 376763 0 691118 779892 0 25576 138050 153033 1167724 1309688 127021 102359 611383 753187 102364 111292 509019 641895 The Learning Company is a group of local centers that make living and learning without school an option for teens. We provide academic and non-academic support as well as a supportive community for teens to pursue their education. We operate centers in three communities. false false 1069075 376763 1357136 The Learning Company offers classes, tutoring, mentoring, help finding volunteer and work opportunities, help with college admissions, and a safe and welcoming spaces for teens to work and socialize. We currently operate Princeton Learning Cooperative in Princeton, New Jersey, Bucks Learning Cooperative in Langhorne, Pennsylvania and Raritan Learning Cooperative in Flemington, New Jersey. 1069075 true true false false false false false false false false false false false false true false true false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false true 1 0 true 13 true false false false false false false false false false false false false false false X 9 9 false false false false false false false true true false false true true true true true true true true false NJ PA X Joel Hammon 6098512522 315 West Maple Avenue Langhorne PA 19047 Joel Hammon Director 40.00 0.00 X 79066 0 0 Kate Daly Trustee 1.00 0.00 X 0 0 0 David DiMicco Trustee 1.00 0.00 X 0 0 0 Rob Ambrogi Trustee 1.00 0.00 X 0 0 0 Marc Epstein Trustee 1.00 0.00 X 0 0 0 Christie McDade Trustee 1.00 0.00 X 0 0 0 Clancy August Secretary 1.00 0.00 X X 0 0 0 Joye Nagle Treasurer 1.00 0.00 X X 0 0 0 Charles Kruger Vice President 1.00 0.00 X X 0 0 0 Patrick Sullivan President 1.00 0.00 X X 0 0 0 79066 0 0 0 false false false 42891 42891 Tuition 611710 1355024 1355024 1355024 14132 14132 1412047 1355024 0 14132 376763 376763 79188 47513 27716 3959 640476 463916 156591 19969 60228 46461 12261 1506 18189 9094 9095 22156 22108 24 24 81664 73498 8166 4619 4619 11844 10660 1184 Program expense 10792 10792 Telephone 1918 1918 Business registrations 1733 1733 118 118 1309688 1069075 215037 25576 477585 506731 4227 31082 2596 2293 110066 207925 16909 5156 611383 753187 64355 93286 25300 17050 12709 956 102364 111292 X 509019 636895 5000 509019 641895 611383 753187 X 102359 25516 5001 X false true X true false X 32559 121250 22565 62835 40779 279988 643326 708846 1053452 1224550 1355024 4985198 675885 830096 1076017 1287385 1395803 5265186 5265186 3862 2375 5986 5300 14132 31655 3862 2375 5986 5300 14132 31655 679747 832471 1082003 1292685 1409935 5296841 0.99400 0.99560 0.01000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Operating Lease right-of-use asset 956 Security Deposit 4200 5156 Operating Lease Liability 956 956 1060800 25516 25516 1035284 376763 376763 1412047 932924 932924 376763 376763 1309687 true Tuition Waiver 376763 FMV Tuition Waiver Form 990 governing body review Part VI line 11 The Organizations form 990 is prepared by a CPA and a draft of the form 990 is provided to the Treasurer who reviews the document. At the next Board meeting, each member of the Board is provided with a copy of the form 990. The Treasurer, along with the Director, goes over the 990 answering any questions the Board members may have. The Board then votes to approve the form 990 or sends it back for revisions. Conflict of interest policy compliance Part VI line 12c Annually, each member of the Board signs off regarding their involvement with any conflicts of interest related to the Organization. If a conflict should arise, it is discussed and resolved at the next Board meeting. CEO executive director top management comp Part VI line 15a The Director creates a budget that accounts for all overhead expenses and then determines compensation based on remaining funds. Compensation is less than what public school teachers in the NJ and PA area earn. The Board reviews and approves the proposed budgets and compensation numbers annually. The Board also approves employment contracts that reflect the compensation levels included in the proposed budgets. Other officer or key employee compensation Part VI line 15b The Director creates a budget that accounts for all overhead expenses and then determines compensation based on remaining funds. Compensation is less than what public school teachers in the NJ and PA area earn. The Board reviews and approves the proposed budgets and compensation numbers annually. The Board also approves employment contracts that reflect the compensation levels included in the proposed budget. Governing documents etc available to public Part VI line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request within 72 hours. Explanation of other changes in net assets or fund balances Part XI line 9 A $5,000 restricted donation was not recorded as revenue but was added to the balance sheet as Net Assets With Donor Restrictions. General explanation attachment Part 1 Line 1-Additional Description of Organization Mission-The Learning Company operates centers that support teens to create personalized education based on their interests, strenghts and goals.