Learning Company FY2021 filing

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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.
78¢ of each $1 spent went to programs.
$54K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
78%
of spending
78% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$54K
to officers and key staff · 7% of spending
Pay to officers and key staff is 7% of spending.
Part VII, Section A
2.0 mo
of spending, in cash
2.0 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
$30K
11% of total assets
Liabilities are 11% 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
$837K
+23% vs prior year
Spent
$721K
To programs
78%
Net assets
$240K
By yearFY2020–FY2025
Revenue
$837K
FY2021▲ +23%
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
$721K
FY2021▼ -3%
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
$240K
FY2021▲ +139%
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 FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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

78 cents of each dollar spent went to programs.

Program services 78% · $565K Management & general 19% · $139K Fundraising 2% · $16K

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

9 people listed on the 990; $54K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Director
$53,682Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$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 · $565K · in their own filed words · FY2020
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.

$565Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$837K
Ln 12
Fees for servicesLn 2g$709K
Gifts and grantsLn 1h$126K
Investment incomeLn 3$2K
Money outPt IX
$721K
Ln 25
Programscol B$565K
Managementcol C$139K
Fundraisingcol D$16K
Owns and owesPt X
$240K
net assets · Ln 32
Cash and savingsLn 1–2$117K
Total assetsLn 16$270K
LiabilitiesLn 26$30K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$126K
Fees for servicesLn 2g$709K
Investment incomeLn 3$2K
Total revenueLn 12$837K
Assets in detailPt X, end of year
CashLn 1$117K
Cash and savings togetherLn 1–2$117K
Accounts receivableLn 4$37K
Prepaid expenses and deferred chargesLn 9$2K
InvestmentsLn 11–13$110K
Other assetsLn 15$4K
Total assetsLn 16$270K
LiabilitiesLn 26$30K
Net assetsLn 32$240K
OperationsPt I, VI
EmployeesI 59
VolunteersI 645
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$61K$117K
InvestmentsLn 11–13$83K$110K
Total assetsLn 16$183K$270K
LiabilitiesLn 26$83K$30K
Net assetsLn 32$100K$240K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$220K$220K
Pay of officers and key staff (Part IX, line 5)Ln 5$54K$32K$19K$3K
Other salaries and wagesLn 7$287K$187K$88K$12K
Pension plan contributionsLn 8$2K$1K$630$90
Payroll taxesLn 10$29K$19K$9K$1K
Accounting feesLn 11c$17K$8K$8K
Other fees for servicesLn 11g$100$100
Office expensesLn 13$9K$8K$1K$22
OccupancyLn 16$69K$62K$7K
TravelLn 17$68$68
InsuranceLn 23$12K$11K$1K
Other expenses (24a–d)Ln 24$22K$17K$5K
Total functional expensesLn 25$721K$565K$139K$16K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled 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
FY2021 ViewingFiled 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 FY2021 990
Part I · Summary $837,471 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $33,455$126,250
I-9 Program service revenuePrior year $643,326$708,846
I-10 Investment incomePrior year $3,862$2,375
I-11 Other revenuePrior year $2,550$0
I-12 Total revenuePrior year $683,193$837,471
I-13 Grants and similar amounts paidPrior year $241,118$219,681
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $378,433$371,992
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $124,706$129,222
I-18 Total expensesPrior year $744,257$720,895
I-19 Revenue less expensesPrior year −$61,064$116,576
Part VI · Governance 8 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $837,471 across 5 lines filed
VIII-1f All other contributions, gifts and grants$126,250
VIII-1h Total contributions, gifts and grants$126,250
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $708,846$708,846
VIII-3 Investment incomeExcluded from tax $2,375$2,375
VIII-12 Total revenueRelated to mission $708,846 · Unrelated business $0 · Excluded from tax $2,375$837,471
Part IX · Statement of functional expenses $720,895 across 12 lines filed
IX-2 Grants to domestic individualsPrograms $219,681$219,681
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $32,209 · Management $18,789 · Fundraising $2,684$53,682
IX-7 Other salaries and wagesPrograms $186,684 · Management $88,496 · Fundraising $12,146$287,326
IX-8 Pension plan contributionsPrograms $1,080 · Management $630 · Fundraising $90$1,800
IX-10 Payroll taxesPrograms $18,761 · Management $9,172 · Fundraising $1,251$29,184
IX-11c Accounting feesPrograms $8,323 · Management $8,322$16,645
IX-11g Other fees for servicesFundraising $100$100
IX-13 Office expensesPrograms $8,186 · Management $1,092 · Fundraising $22$9,300
IX-16 OccupancyPrograms $62,192 · Management $6,910$69,102
IX-17 TravelPrograms $68$68
IX-23 InsurancePrograms $10,960 · Management $1,218$12,178
IX-24 Other expenses (24a–d)Programs $17,007 · Management $4,822$21,829
IX-25 Total functional expensesPrograms $565,151 · Management $139,451 · Fundraising $16,293$720,895
Part X · Balance sheet $269,962 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $61,428$117,151
X-4 Accounts receivableStart of year $28,882$36,601
X-9 Prepaid expenses and deferred chargesStart of year $5,319$2,089
X-11 Publicly traded securitiesStart of year $83,285$109,921
X-15 Other assetsStart of year $4,200$4,200
X-16 Total assetsStart of year $183,114$269,962
X-17 Accounts payable and accrued expensesStart of year $4,218$472
X-19 Deferred revenueStart of year $11,825$29,400
X-26 Total liabilitiesStart of year $82,618$29,872
X-27 Net assets without donor restrictionsStart of year $100,496$240,090
X-32 Total net assets or fund balancesStart of year $100,496$240,090
X-33 Total liabilities and net assetsStart of year $183,114$269,962
Part XI · Reconciliation of net assets $240,090 net assets at year end
XI-1 Total revenue$837,471
XI-2 Total expenses$720,895
XI-3 Revenue less expenses$116,576
XI-4 Net assets at start of year$100,496
XI-5 Net unrealized gains (losses) on investments$23,018
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$240,090

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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