Johnson County Learning Center INC EIN 01-0970299

Johnson County Learning Center INC

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Promote learning opportunities to build better futures through family involvement and community collaboration. For fiscal year 2024 it reported $973K in revenue, $1.2M in expenses, and $521K in net assets.Pt I

Founded
2009
Type
Public charity (501(c)(3)) · Human Services
Location
Whiteland, IN
Website
www.elcwhiteland.com
Filings
5 on file (2020–2024)
Revenue
$973KFY2024
Expenses
$1.2M
Net assets
$521K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  01-0970299 Public charity (501(c)(3)) Whiteland, IN Founded 2009
Form 990 (PDF)
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Size
$100K–1M
What they do
Promote learning opportunities to build better futures through family involvement and community collaboration.
Leadership
Dawn Underwood · Executive Di · $52K
Money in and out
$973K revenue, $1.2M expenses
Bottom line
89% program efficiency
Where the money goes · FY2024
Total revenue
$973K
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$521K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$196K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.10 Fundraising $0.01
Program efficiency
89%
of spending reaches programs▲ +51% vs prior filing year
Operating runway
3.8mo
months of highly liquid reserves at operating expense rate▼ -92% vs prior filing year
Surplus margin
-20%
revenue over expenses, this year▼ -158% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$973K
FY2024▲ +101%
Expenses
$1.2M
FY2024▲ +271%
Total assets
$838K
FY2024▼ -52%
Total liabilities
$316K
FY2024▼ -69%
Total revenue
$973K
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$521K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$196K
Total assetsPt X · Ln 16$838K
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

Preschool and education enrichment programs

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CJohnson County Learning Center INC
EINHdr · item D01-0970299
Principal addressHdr · item CWhiteland, IN
WebsiteHdr · item Jwww.elcwhiteland.com
Year of formationHdr · item L2009
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P33)
Ruling yearIRS BMFJul 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$52,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A

Dawn Underwood’s $52K as Executive Di is at the 40th percentile of top reported officer pay among 2164 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Dawn Underwood$52,000$52,000$66,000$46,615$42,000$42,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$714K · 73%
Program service revenue$221K · 23%
Investment income$38K · 4%
Contributions & grants73%$714K
Program service revenue23%$221K
Investment income4%$38K
Other revenue$23
Total revenueLn 12$973K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.10 Fundraising $0.01
Program services89%$1.0M
Management & general10%$119K
Fundraising1%$15K
Total functional expensesLn 25$1.2M

Balance Sheet

Part X · end of year
CashLn 1$372K
Total assetsLn 16$838K
Total liabilitiesLn 26$316K
Total net assetsLn 32$521K
Months of cash on handcomputed3.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $372K · Operating expenses/yr $1.2M
3.8 months
Where the money goes
Program services
Program services $1.0M · Total expenses $1.2M
89%
Management & General
Management & general $119K · Total expenses $1.2M
10%
Fundraising
Fundraising $15K · Total expenses $1.2M
1%
Cost to raise $1
Fundraising expense (3-yr avg) $11K · Solicited contributions (3-yr avg) $307K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $714K · Total revenue $973K
73%
Government reliance
Government grants — · Total revenue $973K
Earned-income share
Program service revenue $221K · Total revenue $973K
23%
Investment reliance
Investment income $38K · Total revenue $973K
+4%
Program self-sufficiency
Program service revenue $221K · Total expenses $1.2M
19%
Growth & trend
Revenue growth (YoY)
This year $973K · Prior year $485K
+101%
Revenue CAGR
FY2019 $513K · FY2024 $973K
+14%
Net-asset trend (YoY)
End of year $521K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $973K · Expenses $1.2M
-20%
Liabilities-to-Assets
Total liabilities — · Total assets $838K
Net-asset ratio
Net assets $521K · Total assets $838K
62%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $838K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dawn Underwood · Reported title EXECUTIVE DI · Highest reported compensation $52K · Total expenses $1.2M
4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $192K · Total expenses $1.2M
16%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 10%
Fundraising cost ratio 2%
Revenue growth 101%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$413K
Grants paid · 8 grants · $1.0M · 2019–2024
Expansion Grant ExpensesFY2024$847,962
Early Years Initiative ExpensesFY2024$37,561
Expansion Grant ExpensesFY2023$31,899
Early Years Initiative ExpensesFY2023$17,239
Come Back Stronger Round 2FY2021$8,263
Capacity Building Grant ExpenseFY2020$12,426
Capacity Building Grant ExpenseFY2019$46,964
Unitemized GrantFY2019$10,764

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$485K revenue · ⤓ 990 PDF
FY2023$222K revenue · ⤓ 990 PDF
FY2022$477K revenue · ⤓ 990 PDF
FY2021$381K revenue · ⤓ 990 PDF
FY2020$513K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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