Learning Company

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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 various communities in

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Run by 45 volunteers and 9 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $76K a year · 7% of revenue · last 6 filings
A surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
82% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$67K
to officers and key staff · 6% of spending
Pay to officers and key staff is 6% of spending.
Part VII, Section A
4.7 mo
of spending, in cash
4.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $92
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$71K
10% of total assets
Liabilities are 10% of assets.
Pt X · Ln 26
Independent board members
8
of 8 voting members
8 of 8 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.1M
-20% vs prior year
Spent
$1.1M
To programs
82%
Net assets
$651K
By yearFY2020–FY2025
Revenue
$1.1M
FY2025▼ -20%
Tap a bar for its year
Revenue by fiscal year
FY2020$683K
FY2021$837K
FY2022$1.1M
FY2023$1.3M
FY2024$1.4M
FY2025$1.1M
Expenses
$1.1M
FY2025▼ -16%
Tap a bar for its year
Expenses by fiscal year
FY2020$744K
FY2021$721K
FY2022$930K
FY2023$1.2M
FY2024$1.3M
FY2025$1.1M
Net assets
$651K
FY2025▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$100K
FY2021$240K
FY2022$374K
FY2023$509K
FY2024$642K
FY2025$651K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2011.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $901K Management & general 17% · $183K Fundraising 2% · $21K

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

Something off? Claim to add context

Who runs it and what they're paid

10 people listed on the 990; $67K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Director
$67,089Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Joel Hammon’s $67K as Director is at the 12th percentile of top reported officer pay among 3394 $1–10M education 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2022FY2021FY2020
Joel Hammon$67,089$79,066$54,601$53,682$53,682
Paul V Scutt————$25,283

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.

See Learning Company executive salaries →

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

Empower teens to learn and live outside traditional school through community centers and support.

Questions for Learning Company

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Your first name shows with your question. Learning Company answers here, for everyone.

1 program · $901K · in their own filed words · FY2024
01

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.

$901Kprogram expense

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
Total grants receivedfrom 1 funder$92

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$1.0M
Gifts and grantsLn 1h$52K
Investment incomeLn 3$25K
Money outPt IX
$1.1M
Ln 25
Programscol B$901K
Managementcol C$183K
Fundraisingcol D$21K
Owns and owesPt X
$651K
net assets · Ln 32
Cash and savingsLn 1–2$435K
Total assetsLn 16$722K
LiabilitiesLn 26$71K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$52K
Fees for servicesLn 2g$1.0M
Investment incomeLn 3$25K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$435K
Cash and savings togetherLn 1–2$435K
Accounts receivableLn 4$3K
Prepaid expenses and deferred chargesLn 9$4K
Land, buildings, equipmentLn 10c$7K
InvestmentsLn 11–13$234K
Other assetsLn 15$39K
Total assetsLn 16$722K
LiabilitiesLn 26$71K
Net assetsLn 32$651K
OperationsPt I, VI
EmployeesI 59
VolunteersI 645
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$507K$435K
InvestmentsLn 11–13$208K$234K
Land, buildings, equipmentLn 10c$7K
Total assetsLn 16$753K$722K
LiabilitiesLn 26$111K$71K
Net assetsLn 32$642K$651K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$287K$287K
Pay of officers and key staff (Part IX, line 5)Ln 5$56K$33K$19K$3K
Other salaries and wagesLn 7$508K$369K$123K$16K
Other employee benefitsLn 9$40K$30K$9K$1K
Payroll taxesLn 10$47K$35K$11K$1K
Accounting feesLn 11c$20K$10K$10K
Office expensesLn 13$26K$26K
OccupancyLn 16$89K$81K$9K
TravelLn 17$3K$3K
InsuranceLn 23$16K$14K$2K
Other expenses (24a–d)Ln 24$11K$11K
All other expensesLn 24e$34$34
Total functional expensesLn 25$1.1M$901K$183K$21K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Nov 12, 2025 $1.1M$1.1M$18K$651K 990 PDF
FY2024Filed with the IRS Oct 26, 2024 $1.4M$1.3M$102K$642K 990 PDF
FY2023Filed with the IRS Feb 14, 2024 $1.3M$1.2M$127K$509K 990 PDF
FY2022Filed with the IRS Oct 12, 2022 $1.1M$930K$153K$374K 990 PDF
FY2021Filed with the IRS Nov 11, 2021 $837K$721K$117K$240K 990 PDF
FY2020Filed with the IRS May 12, 2021 $683K$744K−$61K$100K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $1,122,595 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $42,891$51,976
I-9 Program service revenuePrior year $1,355,024$1,045,586
I-10 Investment incomePrior year $14,132$25,033
I-11 Other revenue$0
I-12 Total revenuePrior year $1,412,047$1,122,595
I-13 Grants and similar amounts paidPrior year $376,763$286,615
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $779,892$651,555
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $153,033$166,821
I-18 Total expensesPrior year $1,309,688$1,104,991
I-19 Revenue less expensesPrior year $102,359$17,604
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,122,595 across 6 lines filed
VIII-1f All other contributions, gifts and grants$51,976
VIII-1h Total contributions, gifts and grants$51,976
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,045,586$1,045,586
VIII-3 Investment incomeExcluded from tax $25,033$25,033
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $1,045,586 · Unrelated business $0 · Excluded from tax $25,033$1,122,595
Part IX · Statement of functional expenses $1,104,991 across 12 lines filed
IX-2 Grants to domestic individualsPrograms $286,615$286,615
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $33,380 · Management $19,472 · Fundraising $2,782$55,634
IX-7 Other salaries and wagesPrograms $369,439 · Management $122,800 · Fundraising $16,135$508,374
IX-9 Other employee benefitsPrograms $30,207 · Management $8,970 · Fundraising $1,098$40,275
IX-10 Payroll taxesPrograms $35,454 · Management $10,529 · Fundraising $1,289$47,272
IX-11c Accounting feesPrograms $10,246 · Management $10,247$20,493
IX-13 Office expensesPrograms $26,390$26,390
IX-16 OccupancyPrograms $80,528 · Management $8,947$89,475
IX-17 TravelPrograms $3,426$3,426
IX-23 InsurancePrograms $14,358 · Management $1,595$15,953
IX-24 Other expenses (24a–d)Programs $11,050$11,050
IX-24e All other expensesFundraising $34$34
IX-25 Total functional expensesPrograms $901,093 · Management $182,560 · Fundraising $21,338$1,104,991
Part X · Balance sheet $721,762 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $506,731$435,354
X-4 Accounts receivableStart of year $31,082$2,889
X-9 Prepaid expenses and deferred chargesStart of year $2,293$3,990
X-10c Land, buildings and equipment, net$6,601
X-11 Publicly traded securitiesStart of year $207,925$234,181
X-15 Other assetsStart of year $5,156$38,747
X-16 Total assetsStart of year $753,187$721,762
X-17 Accounts payable and accrued expensesStart of year $93,286$1,205
X-19 Deferred revenueStart of year $17,050$36,515
X-25 Other liabilitiesStart of year $956$33,167
X-26 Total liabilitiesStart of year $111,292$70,887
X-27 Net assets without donor restrictionsStart of year $636,895$639,429
X-28 Net assets with donor restrictionsStart of year $5,000$11,446
X-32 Total net assets or fund balancesStart of year $641,895$650,875
X-33 Total liabilities and net assetsStart of year $753,187$721,762
Part XI · Reconciliation of net assets $650,875 net assets at year end
XI-1 Total revenue$1,122,595
XI-2 Total expenses$1,104,991
XI-3 Revenue less expenses$17,604
XI-4 Net assets at start of year$641,895
XI-5 Net unrealized gains (losses) on investments$9,026
XI-8 Prior period adjustments−$17,650
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$650,875

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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