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Nonprofiteer
← LIVING CLASSROOMS FOUNDATION INC

Form 990 for tax year 2023

Filed by LIVING CLASSROOMS FOUNDATION INC.

Totals

Total revenue
$11,767,669
Total expenses
$9,928,974
Contributions and grants received
$10,308,154
Grants paid
$25,000
Program service revenue
$1,067,507
Investment income
$411,616
Other revenue
-$19,608
Total assets, end of year
$45,318,949
Total liabilities, end of year
$7,242,684
Net assets or fund balances, end of year
$38,076,265
Program services expenses (Part IX)
$8,282,877
Management and general expenses
$1,184,245
Fundraising expenses
$461,852
Program service expenses (Part III)
$8,282,877

Program services were 83.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $738,602

  • 1e · Government grants (contributions)

    $3,711,490

  • 1f · All other contributions, gifts and grants

    $5,858,062

  • 1g · Noncash contributions included above

    $496,656

  • 2a · Program service revenue: TICKET SALES

    total $661,195 · related or exempt $661,195

  • 2b · Program service revenue: PROGRAM FEES

    total $406,312 · related or exempt $406,312

  • 3 · Investment income

    total $280,957 · excluded $280,957

  • 7a · Gross sales of assets other than inventory

    securities $14,800,448

  • 7b · Less cost or other basis and sales expenses

    securities $14,669,789

  • 7c · Gain or loss

    securities $130,659

  • 7d · Net gain or loss

    total $130,659 · related or exempt $130,659

  • 8a · Fundraising events: gross income

    $69,082

  • 8a · Fundraising events: contributions included on line 1c

    $738,602

  • 8b · Fundraising events: direct expenses

    $186,470

  • 8c · Net income from fundraising events

    total -$117,388 · excluded -$117,388

  • 11a · Other revenue: INSURANCE PROCEEDS

    total $70,198 · related or exempt $70,198

  • 11b · Other revenue: OTHER FUNDRAISING REVENUE

    total $27,582 · related or exempt $27,582

  • 11e · Other revenue, total

    $97,780

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,000 · program services $25,000

  • 5 · Compensation of officers, directors and key employees

    total $775,084 · program services $589,064 · management and general $93,010 · fundraising $93,010

  • 7 · Other salaries and wages

    total $4,860,595 · program services $3,349,850 · management and general $1,290,673 · fundraising $220,072

  • 8 · Pension plan contributions

    total $79,699 · program services $25,130 · management and general $48,117 · fundraising $6,452

  • 9 · Other employee benefits

    total $563,081 · program services $316,814 · management and general $218,135 · fundraising $28,132

  • 10 · Payroll taxes

    total $389,360 · program services $281,267 · management and general $87,805 · fundraising $20,288

  • 11e · Fees: professional fundraising services

    total $39,000 · fundraising $39,000

  • 11f · Fees: investment management

    total $17,705 · management and general $17,705

  • 11g · Fees: other

    total $359,650 · program services $262,612 · management and general $97,038

  • 12 · Advertising and promotion

    total $11,796 · program services $11,306 · fundraising $490

  • 13 · Office expenses

    total $315,063 · program services $253,981 · management and general $55,766 · fundraising $5,316

  • 16 · Occupancy

    total $248,604 · program services $234,784 · management and general $13,161 · fundraising $659

  • 17 · Travel

    total $172,375 · program services $165,430 · management and general $6,566 · fundraising $379

  • 19 · Conferences, conventions and meetings

    total $64,327 · program services $59,622 · management and general $4,499 · fundraising $206

  • 20 · Interest

    total $101,740 · program services $101,740

  • 22 · Depreciation, depletion and amortization

    total $552,749 · program services $552,749

  • 23 · Insurance

    total $903,911 · program services $891,579 · management and general $11,597 · fundraising $735

  • 24a · Other expenses: MAINTENANCE

    total $511,206 · program services $444,968 · management and general $64,768 · fundraising $1,470

  • 24b · Other expenses: PROGRAM SUPPLIES

    total $190,704 · program services $180,131 · management and general $4,702 · fundraising $5,871

  • 24c · Other expenses: PARTNER EXPENSES

    total $136,951 · program services $112,651 · fundraising $24,300

  • 24d · Other expenses: DONATED GOODS

    total $129,872 · program services $127,168 · fundraising $2,704

  • 24e · All other expenses

    total -$519,498 · program services $297,031 · management and general -$829,297 · fundraising $12,768

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,699,448 · end of year $3,969,396

  • 3 · Pledges and grants receivable

    beginning of year $9,326,762 · end of year $7,677,348

  • 4 · Accounts receivable

    beginning of year $160,586 · end of year $239,366

  • 9 · Prepaid expenses and deferred charges

    beginning of year $678,644 · end of year $508,447

  • 10a · Land, buildings and equipment: cost or other basis

    $23,490,101

  • 10b · Land, buildings and equipment: accumulated depreciation

    $8,307,269

  • 10c · Land, buildings and equipment, net

    beginning of year $12,984,329 · end of year $15,182,832

  • 11 · Investments: publicly traded securities

    beginning of year $4,442,366 · end of year $9,716,123

  • 15 · Other assets

    beginning of year $7,751,715 · end of year $8,025,437

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,789,145 · end of year $1,980,973

  • 19 · Deferred revenue

    beginning of year $319,947 · end of year $262,888

  • 23 · Secured mortgages and notes payable

    beginning of year $4,221,455 · end of year $4,231,800

  • 25 · Other liabilities

    beginning of year $906,122 · end of year $767,023

  • 27 · Net assets without donor restrictions

    beginning of year $28,288,641 · end of year $31,140,248

  • 28 · Net assets with donor restrictions

    beginning of year $7,518,540 · end of year $6,936,017

Mission and programs · 2023

Mission

LIVING CLASSROOMS FOUNDATION IS A NONPROFIT ORGANIZATION, OPERATED FOR THE BENEFIT OF THE COMMUNITY AT LARGE, PROVIDING HANDS ON EDUCATION AND JOB TRAINING FOR STUDENTS FROM DIVERSE BACKGROUNDS, WITH A SPECIAL EMPHASIS ON SERVING AT-RISK YOUTH. THE FOUNDATION USES MARITIME SETTINGS, COMMUNITY REVITALIZATION PROJECTS AND OTHER CHALLENGING LEARNING ENVIRONMENTS, WITH A LOW STAFF TO STUDENT RATIO. OUR EXPERIENCE BASED EDUCATIONAL PROGRAMS EMPHASIZE THE APPLIED LEARNING OF MATH, SCIENCE, LANGUAGE ARTS, HISTORY, ECONOMICS AND ECOLOGY. KEY OBJECTIVES OF ALL LIVING CLASSROOMS PROGRAMS ARE CAREER DEVELOPMENT, COOPERATIVE LEARNING, ELEVATING SELF-ESTEEM, AND FOSTERING MULTICULTURAL EXCHANGE. LIVING CLASSROOMS FOUNDATION PROVIDES OVER 30 EDUCATIONAL PROGRAMS.

Activities or mission (Part I)

LIVING CLASSROOMS FOUNDATION IS A NONPROFIT ORGANIZATION, OPERATED FOR THE BENEFIT OF THE COMMUNITY AT LARGE, PROVIDING HANDS ON EDUCATION AND JOB TRAINING FOR STUDENTS FROM DIVERSE BACKGROUNDS, WITH A SPECIAL EMPHASIS ON SERVING AT RISK YOUTH. THE FOUNDATION USES MARITIME SETTINGS, COMMUNITY REVITALIZATION PROJECTS AND OTHER CHALLENGING LEARNING ENVIRONMENTS, WITH A LOW STAFF TO STUDENT RATIO. OUR EXPERIENCE BASED EDUCATIONAL PROGRAMS EMPHASIZE THE APPLIED LEARNING OF MATH, SCIENCE, LANGUAGE ARTS, HISTORY, ECONOMICS AND ECOLOGY. KEY OBJECTIVES OF ALL LIVING CLASSROOMS PROGRAMS ARE CAREER DEVELOPMENT, COOPERATIVE LEARNING, ELEVATING SELF-ESTEEM, AND FOSTERING MULTICULTURAL EXCHANGE. LIVING CLASSROOMS FOUNDATION PROVIDES OVER 30 EDUCATIONAL PROGRAMS.

  • LIVING CLASSROOMS FOUNDATION OPERATES FOR THE BENEFIT OF THE COMMUNITY AT LARGE, PROVIDING HANDS ON EDUCATION AND JOB SKILL TRAINING FOR STUDENTS FROM DIVERSE BACKGROUNDS, WITH AN EMPHASIS ON SERVING AT-RISK YOUTH.

    Expenses $6,394,392 · Grants $25,000 · Revenue $305,585

  • LIVING CLASSROOMS FOUNDATION DC PROVIDES YOUTH AND ADULTS WITH CHALLENGING EDUCATIONAL PROGRAMS AND OFFERS SHIPBOARD AND OUTREACH PROGRAMS TO THE COMMUNITY.

    Expenses $1,195,294 · Revenue $94,727

  • INNER HARBOR PADDLEBOATS EDUCATES AND HIRES AT RISK TEENAGERS TO MANAGE, RUN AND MAINTAIN PADDLEBOAT AND ELECTRIC BOAT RENTALS AT THE INNER HARBOR OF BALTIMORE.

    Expenses $693,191 · Revenue $661,195

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Anil Kshepakaran

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Jeffrey Cherry

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Brian Billick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Jorge Acevedo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Carserlo Doyle

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Claire Broido Johnson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • James C Alban IV

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Dean S Harrison

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Christine Aspell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Drake C Zaharris

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Francis X Kelly III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Geoffrey Brent

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Henry G Hagan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • J Scott Wilfong

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Jack S Griswold

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • W Streett Baldwin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Jim Seay

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • John Kemp

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • John W Schiech

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Talib Horne

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Kent Pearce

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Mimi Kapiloff

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Kevin Plank

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Mark M Collins Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Maxine Phillips

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Philip C Federico

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Rick Bastinelli

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Robb L Merritt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Robert B Hopkins

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Ronald Peterson

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Scott Iodice

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Stuart Walman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Jason Bisciotti

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Kirby Bumpus

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Wanda Oneferu-Bey

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Warner P Mason

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • William N Blake

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Daniel Chard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Christopher Callaghan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Michael Chesser

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Jeff Masom

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • David Clapp

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Nancy S Grasmick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Sandy Hillman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Theodore Bauer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Ted Rouse

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Guy Flynn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Chris Giermek

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Ira Weinstein

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Michael Tsakalos

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • R Dale Horn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Kathryn Newhall

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Rian Hargrave

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Charlie Vieth

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Alex Flick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Gerry Hartung

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Samantha Manekin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Richard Sher

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Alex Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • G Dennis O'Brien

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Deborah Thompson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Mac Tisdale

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Megan Sparks

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Kevin Dunbar

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Steph Jackson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • James H Moore Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Wendy Bronfein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Colin Browne

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • John McGrory

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Ellington West

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Lester Davis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Susan Flanigan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Michael Parker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Lisa Kirkwood

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Redonda G Miller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Melanie O'Brien

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Karen Price-Ward

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Roy Roundtree

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Dr Josh Sharfstein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Beth Spurgeon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Tracy Sutton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Kenneth Svendsen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Karlo Young

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • James Piper Bond

    PRESIDENT & CEO

    Total calculated
    $454,350
    From this org
    $401,942
    From related orgs
    $0
    Other
    $52,408
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $334,942
    Bonus
    $67,000
    Other
    $0
    Deferred
    $15,000
    Nontaxable benefits
    $37,408
    Filer's total
    $454,350
  • Cindy Wadalavage

    CHIEF FINANCIAL OFFICER

    Total calculated
    $211,493
    From this org
    $189,998
    From related orgs
    $0
    Other
    $21,495
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,998
    Bonus
    $20,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $21,495
    Filer's total
    $211,493
  • Chijioke Akamigbo

    CHIEF OPERATING OFFICER

    Total calculated
    $109,240
    From this org
    $101,024
    From related orgs
    $0
    Other
    $8,216
    Hours/week
    40
  • Thara Taylor

    VICE PRESIDENT

    Total calculated
    $170,595
    From this org
    $147,005
    From related orgs
    $0
    Other
    $23,590
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,005
    Bonus
    $20,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $23,590
    Filer's total
    $170,595
  • Cheryl Riviere

    DIRECTOR OF WORKFORCE DEVE

    Total calculated
    $130,822
    From this org
    $119,990
    From related orgs
    $0
    Other
    $10,832
    Hours/week
    40
  • Margaret Ward

    VP STRATEGIC GROWTH & COMM

    Total calculated
    $137,074
    From this org
    $131,995
    From related orgs
    $0
    Other
    $5,079
    Hours/week
    40
  • Christine Truett

    MANAGING DIRECTOR OF ENIVR

    Total calculated
    $136,457
    From this org
    $120,490
    From related orgs
    $0
    Other
    $15,967
    Hours/week
    40
  • Teresa Martin

    MANAGING DIRECTOR NATIONAL CAPITAL REGION

    Total calculated
    $131,892
    From this org
    $119,990
    From related orgs
    $0
    Other
    $11,902
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
JAMES BOND $15,000

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • FERNDALE FENCE & AWNING CO INC

    S · REAL ESTATE · MD · 100% owned · share of assets $24,305 · controlled entity

    Directly controlled by LIVING CLASSROOMS FOUNDATION INC

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202443199349313119

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