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The Learning Knoll INC FY2022 filing

Tax-deductible

Greenfield, MA501(c)(3)Since 1917Youth DevelopmentEIN 04-2104249

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Providing day care services to infants through school age children and a summer day camp in the franklin county area.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $29K a year · 2% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $59
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$59K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
+37% vs prior year
Spent
$1.7M
To programs
77%
Net assets
$731K
By yearFY2021–FY2024
Revenue
$1.7M
FY2022▲ +37%
Revenue by fiscal year
FY2021$1.3M
FY2022$1.7M
FY2023$1.9M
FY2024$2.0M
FY2024$1.7M
Expenses
$1.7M
FY2022▲ +26%
Expenses by fiscal year
FY2021$1.3M
FY2022$1.7M
FY2023$1.8M
FY2024$1.9M
FY2024$1.5M
Net assets
$731K
FY2022▲ +4%
Net assets by fiscal year
FY2021$703K
FY2022$731K
FY2023$795K
FY2024$836K
FY2024$1.1M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1946.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $1.3M Management & general 23% · $384K Fundraising 0% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Lisa Joyce
President
$0Pt VII · Sec A
Dana Cusimano
Vice President
$0Pt VII · Sec A
Sarah Fisher
Treasurer
$0Pt VII · Sec A
Ben Bensen
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Pam Bensen
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Cynthia Erho
Director
$0Pt VII · Sec A
See The Learning Knoll INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides early childhood education and care for young children.

Provided by the organization

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1 program service account for $1.3M of program spending, described in the organization's own filed words · FY2021.
01

Day care services for infants through school age children and summer

$1.3Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Amazonsmile FoundationFY2023$59
Total grants receivedfrom 1 funder$59

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.7M
Ln 12
Gifts and grantsLn 1h$1.4M
Fees for servicesLn 2g$256K
Other incomeLn 4–11$59K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.3M
Managementcol C$384K
Fundraisingcol D$3K
Owns and owesPt X
$731K
net assets · Ln 32
Cash and savingsLn 1–2$20K
Total assetsLn 16$790K
LiabilitiesLn 26$59K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Government grantsLn 1e$1.0M
Fees for servicesLn 2g$256K
Investment incomeLn 3$3K
Other incomeLn 4–11$59K
Gains on assetsLn 7−$2K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$20K
Cash and savings togetherLn 1–2$20K
InvestmentsLn 11–13$239K
Land, buildings, equipmentLn 10c$520K
Total assetsLn 16$790K
LiabilitiesLn 26$59K
Net assetsLn 32$731K
OperationsPt I, VI
EmployeesI 541
VolunteersI 69
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$69K$20K
InvestmentsLn 11–13$267K$239K
Land, buildings, equipmentLn 10c$363K$520K
Total assetsLn 16$710K$790K
LiabilitiesLn 26$7K$59K
Net assetsLn 32$703K$731K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.1M$814K$257K
Other employee benefitsLn 9$118K$89K$28K
Payroll taxesLn 10$101K$77K$24K
Management feesLn 11a$2K$2K
Accounting feesLn 11c$6K$6K
Advertising and promotionLn 12$13K$10K$3K$61
Office expensesLn 13$21K$14K$4K$3K
OccupancyLn 16$75K$57K$18K
TravelLn 17$19K$15K$5K
Conferences, conventions and meetingsLn 19$3K$2K$780
Depreciation, depletion and amortizationLn 22$30K$22K$7K
InsuranceLn 23$30K$23K$7K
Other expenses (24a–d)Ln 24$201K$180K$21K
Total functional expensesLn 25$1.7M$1.3M$384K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.0M$1.9M$61K$836K 990 PDF
FY2023 $1.9M$1.8M$63K$795K 990 PDF
FY2022 Viewing $1.7M$1.7M$56K$731K 990 PDF
FY2021 $1.3M$1.3M−$63K$703K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $1,746,912 across 10 lines filed
VIII-1a Federated campaigns$45,718
VIII-1e Government grants$1,033,697
VIII-1f All other contributions, gifts and grants$349,395
VIII-1h Total contributions, gifts and grants$1,428,810
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $255,938$255,938
VIII-3 Investment incomeRelated to mission $5,576$5,576
VIII-7 Net gain or loss on sales of assetsRelated to mission −$2,229−$2,229
VIII-8 Net income from fundraising eventsExcluded from tax $13,858$13,858
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $44,959$44,959
VIII-12 Total revenueRelated to mission $304,244 · Excluded from tax $13,858$1,746,912
Part IX · Statement of functional expenses $1,690,628 across 13 lines filed
IX-7 Other salaries and wagesPrograms $814,017 · Management $257,058$1,071,075
IX-9 Other employee benefitsPrograms $89,404 · Management $28,233$117,637
IX-10 Payroll taxesPrograms $76,875 · Management $24,276$101,151
IX-11a Management feesManagement $1,760$1,760
IX-11c Accounting feesManagement $6,300$6,300
IX-12 Advertising and promotionPrograms $10,075 · Management $3,182 · Fundraising $61$13,318
IX-13 Office expensesPrograms $14,164 · Management $4,472 · Fundraising $2,614$21,250
IX-16 OccupancyPrograms $57,371 · Management $18,118$75,489
IX-17 TravelPrograms $14,570 · Management $4,601$19,171
IX-19 Conferences, conventions and meetingsPrograms $2,470 · Management $780$3,250
IX-22 Depreciation, depletion and amortizationPrograms $22,488 · Management $7,102$29,590
IX-23 InsurancePrograms $22,836 · Management $7,212$30,048
IX-24 Other expenses (24a–d)Programs $179,653 · Management $20,936$200,589
IX-25 Total functional expensesPrograms $1,303,923 · Management $384,030 · Fundraising $2,675$1,690,628
Part X · Balance sheet $789,996 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $68,543$20,151
X-4 Accounts receivableStart of year $1,509$7,361
X-9 Prepaid expenses and deferred chargesStart of year $9,709$3,597
X-10c Land, buildings and equipment, netStart of year $362,915$520,015
X-13 Program-related investmentsStart of year $267,239$238,872
X-16 Total assetsStart of year $709,915$789,996
X-17 Accounts payable and accrued expensesStart of year $7,140$20,385
X-26 Total liabilitiesStart of year $7,140$59,379
X-27 Net assets without donor restrictionsStart of year $702,775$730,617
X-32 Total net assets or fund balancesStart of year $702,775$730,617
X-33 Total liabilities and net assetsStart of year $709,915$789,996
Part XI · Reconciliation of net assets $730,617 net assets at year end
XI-1 Total revenue$1,746,912
XI-2 Total expenses$1,690,628
XI-3 Revenue less expenses$56,284
XI-4 Net assets at start of year$702,775
XI-5 Net unrealized gains (losses) on investments−$28,442
XI-10 Net assets at end of year$730,617

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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