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← LEARNING COMMUNITY CHARTER SCHOOL INC

Form 990 for tax year 2022

Filed by LEARNING COMMUNITY CHARTER SCHOOL INC.

Totals

Total revenue
$13,204,972
Total expenses
$13,385,461
Contributions and grants received
$2,824,414
Grants paid
$0
Program service revenue
$10,283,081
Investment income
$130,514
Other revenue
-$33,037
Total assets, end of year
$12,052,709
Total liabilities, end of year
$3,338,176
Net assets or fund balances, end of year
$8,714,533
Program services expenses (Part IX)
$11,162,845
Management and general expenses
$1,915,589
Fundraising expenses
$307,027
Program service expenses (Part III)
$11,162,845

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

    $114,499

  • 1e · Government grants (contributions)

    $1,961,657

  • 1f · All other contributions, gifts and grants

    $748,258

  • 1g · Noncash contributions included above

    $39,990

  • 2a · Program service revenue: TUITION

    total $9,828,262 · related or exempt $9,828,262

  • 2b · Program service revenue: MEDICAID REIMBURSEMENT

    total $413,239 · related or exempt $413,239

  • 2c · Program service revenue: AFTER SCHOOL PROGRAM

    total $41,580 · related or exempt $41,580

  • 3 · Investment income

    total $125,475 · excluded $125,475

  • 7a · Gross sales of assets other than inventory

    securities $1,025,000

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

    securities $1,019,961

  • 7c · Gain or loss

    securities $5,039

  • 7d · Net gain or loss

    total $5,039 · related or exempt $5,039

  • 8a · Fundraising events: gross income

    $0

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

    $114,499

  • 8b · Fundraising events: direct expenses

    $37,124

  • 8c · Net income from fundraising events

    total -$37,124 · excluded -$37,124

  • 11a · Other revenue: MISCELLANEOUS

    total $4,087 · related or exempt $4,087

  • 11e · Other revenue, total

    $4,087

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $162,565 · program services $40,641 · management and general $81,283 · fundraising $40,641

  • 7 · Other salaries and wages

    total $7,176,202 · program services $5,640,793 · management and general $1,335,131 · fundraising $200,278

  • 9 · Other employee benefits

    total $2,069,644 · program services $1,839,325 · management and general $207,048 · fundraising $23,271

  • 10 · Payroll taxes

    total $545,441 · program services $426,088 · management and general $101,483 · fundraising $17,870

  • 11b · Fees: legal

    total $45,490 · program services $15,922 · management and general $29,568

  • 11c · Fees: accounting

    total $27,004 · program services $9,451 · management and general $17,553

  • 11f · Fees: investment management

    total $22,788 · management and general $22,788

  • 13 · Office expenses

    total $413,119 · program services $393,242 · management and general $18,629 · fundraising $1,248

  • 14 · Information technology

    total $203,197 · program services $148,936 · management and general $40,539 · fundraising $13,722

  • 16 · Occupancy

    total $159,731 · program services $141,362 · management and general $15,973 · fundraising $2,396

  • 17 · Travel

    total $7,286 · program services $6,448 · management and general $729 · fundraising $109

  • 19 · Conferences, conventions and meetings

    total $59,785 · program services $57,991 · management and general $897 · fundraising $897

  • 20 · Interest

    total $52,563 · program services $46,519 · management and general $5,256 · fundraising $788

  • 22 · Depreciation, depletion and amortization

    total $373,072 · program services $373,072

  • 23 · Insurance

    total $77,984 · program services $69,016 · management and general $7,798 · fundraising $1,170

  • 24a · Other expenses: STUDENT TRANSPORTATION

    total $469,038 · program services $469,038

  • 24b · Other expenses: STUDENT SERVICES

    total $445,792 · program services $445,792

  • 24c · Other expenses: SPECIAL EDUCATION PLACE

    total $286,064 · program services $286,064

  • 24d · Other expenses: PURCHASED SERVICES

    total $221,629 · program services $221,629

  • 24e · All other expenses

    total $567,067 · program services $531,516 · management and general $30,914 · fundraising $4,637

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$350,528 · end of year -$354,848

  • 2 · Savings and temporary cash investments

    beginning of year $1,936,693 · end of year $1,728,338

  • 4 · Accounts receivable

    beginning of year $952,999 · end of year $974,690

  • 8 · Inventories for sale or use

    beginning of year $13,316 · end of year $23,066

  • 9 · Prepaid expenses and deferred charges

    beginning of year $281,452 · end of year $291,546

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

    $9,247,826

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

    $4,621,181

  • 10c · Land, buildings and equipment, net

    beginning of year $4,682,386 · end of year $4,626,645

  • 11 · Investments: publicly traded securities

    beginning of year $4,532,493 · end of year $4,763,272

  • 17 · Accounts payable and accrued expenses

    beginning of year $787,791 · end of year $753,065

  • 20 · Tax-exempt bond liabilities

    beginning of year $2,727,413 · end of year $2,585,111

  • 27 · Net assets without donor restrictions

    beginning of year $8,440,991 · end of year $8,553,806

  • 28 · Net assets with donor restrictions

    beginning of year $92,616 · end of year $160,727

Mission and programs · 2022

Mission

THE SCHOOL PROVIDES EDUCATIONAL SERVICES TO STUDENTS K-8TH GRADE.

Activities or mission (Part I)

AT THE LEARNING COMMUNITY, WE BELIEVE THAT LITERACY EMPOWERS EACH INDIVIDUAL TO HAVE A VOICE,ASSUME COMMUNITY RESPONSIBILITY AND TAKE SOCIAL ACTION. WE EXPECT LEADERSHIP AT EVERY LEVEL. WE GROW TEACHERS, STUDENT LEADERS, AND COMMUNITY LEADERS.

  • THE LEARNING COMMUNITY IS AN INNOVATIVE URBAN PUBLIC SCHOOL SERVING CENTRAL FALLS, PROVIDENCE, AND PAWTUCKET TI IN GRADES K-8. THE LEARNING COMMUNITY IS A HIGH POVERTY, HIGH ACHIEVING SCHOOL THAT BELIEVES DEEPLY IN THE VOICES OF TEACHERS, STUDENTS, AND FAMILIES. WE ARE COMMITTED TO HIGH STANDARDS, CRITICAL THINKING, AND STRONG FAMILY ENGAGEMENT. WE CURRENTLY SERVE ALMOST 600 STUDENTS IN OUR SCHOOL. WE ARE COMMITTED TO STRENGTHENING OUR NATION'S PUBLIC EDUCATION SYSTEM BY SHARING WHAT WORKS THROUGH TARGETED WORK WITH DISTRICTS, SCHOOLS, AND CLASSROOM TEACHERS. THIS WORK FULFILLS OUR OLD MISSION: AT THE LEARNING COMMUNITY, WE BELIEVE THAT LITERACY EMPOWERS.

    Expenses $11,162,845 · Revenue $10,283,081

As filed on the 2022 return.

Listed in Part VII

  • MARC GREENFIELD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • HILLARY SALMONS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GRACE FARMER

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • PATRICK COLLINS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • HELENA MORONTA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MIRIAM WEIZENBAUM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARY-BETH FAFARD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARGARET O'LEARY

    EXECUTIVE DIRECTOR

    Total calculated
    $162,566
    From this org
    $141,065
    From related orgs
    $0
    Other
    $21,501
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,065
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $21,501
    Filer's total
    $162,566

  • AYANA MELVAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DEBORAH DREW

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • EMMANUEL CONTE-KROMA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARIA DUQUE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHRIS LADDS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DONNA GREGSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LAUREN BALBUENA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RELE ABIADE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202431369349306128

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