Learning Company FY2024 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

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-3328809) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$79K 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

FY2024 · 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
$79K
to officers and key staff · 6% of spending
Pay to officers and key staff is 6% of spending.
Part VII, Section A
4.6 mo
of spending, in cash
4.6 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
$111K
15% of total assets
Liabilities are 15% of assets.
Pt X · Ln 26
Independent board members
9
of 9 voting members
9 of 9 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.4M
+9% vs prior year
Spent
$1.3M
To programs
82%
Net assets
$642K
By yearFY2020–FY2025
Revenue
$1.4M
FY2024▲ +9%
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
$1.3M
FY2024▲ +12%
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
$642K
FY2024▲ +26%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

You’re viewing the FY2024 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

82 cents of each dollar spent went to programs.

Program services 82% · $1.1M Management & general 16% · $215K Fundraising 2% · $26K

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

10 people listed on the 990; $79K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Director
$79,066Pt VII · Sec A
Trustee
$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
Treasurer
$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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1 program · $1.1M · in their own filed words · FY2023
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.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-3328809) · Dispute this line
$1.1Mprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Fees for servicesLn 2g$1.4M
Gifts and grantsLn 1h$43K
Investment incomeLn 3$14K
Money outPt IX
$1.3M
Ln 25
Programscol B$1.1M
Managementcol C$215K
Fundraisingcol D$26K
Owns and owesPt X
$642K
net assets · Ln 32
Cash and savingsLn 1–2$507K
Total assetsLn 16$753K
LiabilitiesLn 26$111K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$43K
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$14K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$507K
Cash and savings togetherLn 1–2$507K
Accounts receivableLn 4$31K
Prepaid expenses and deferred chargesLn 9$2K
InvestmentsLn 11–13$208K
Other assetsLn 15$5K
Total assetsLn 16$753K
LiabilitiesLn 26$111K
Net assetsLn 32$642K
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 FY24End FY24
Cash and savingsLn 1–2$478K$507K
InvestmentsLn 11–13$110K$208K
Total assetsLn 16$611K$753K
LiabilitiesLn 26$102K$111K
Net assetsLn 32$509K$642K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$377K$377K
Pay of officers and key staff (Part IX, line 5)Ln 5$79K$48K$28K$4K
Other salaries and wagesLn 7$640K$464K$157K$20K
Payroll taxesLn 10$60K$46K$12K$2K
Accounting feesLn 11c$18K$9K$9K
Office expensesLn 13$22K$22K$24$24
OccupancyLn 16$82K$73K$8K
TravelLn 17$5K$5K
InsuranceLn 23$12K$11K$1K
Other expenses (24a–d)Ln 24$14K$14K
All other expensesLn 24e$118$118
Total functional expensesLn 25$1.3M$1.1M$215K$26K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Nov 12, 2025 $1.1M$1.1M$18K$651K 990 PDF
FY2024 ViewingFiled 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 FY2024 990
Part I · Summary $1,412,047 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $64,895$42,891
I-9 Program service revenuePrior year $1,224,550$1,355,024
I-10 Investment incomePrior year $5,300$14,132
I-11 Other revenue$0
I-12 Total revenuePrior year $1,294,745$1,412,047
I-13 Grants and similar amounts paidPrior year $338,556$376,763
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $691,118$779,892
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $138,050$153,033
I-18 Total expensesPrior year $1,167,724$1,309,688
I-19 Revenue less expensesPrior year $127,021$102,359
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $1,412,047 across 5 lines filed
VIII-1f All other contributions, gifts and grants$42,891
VIII-1h Total contributions, gifts and grants$42,891
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,355,024$1,355,024
VIII-3 Investment incomeExcluded from tax $14,132$14,132
VIII-12 Total revenueRelated to mission $1,355,024 · Unrelated business $0 · Excluded from tax $14,132$1,412,047
Part IX · Statement of functional expenses $1,309,688 across 11 lines filed
IX-2 Grants to domestic individualsPrograms $376,763$376,763
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $47,513 · Management $27,716 · Fundraising $3,959$79,188
IX-7 Other salaries and wagesPrograms $463,916 · Management $156,591 · Fundraising $19,969$640,476
IX-10 Payroll taxesPrograms $46,461 · Management $12,261 · Fundraising $1,506$60,228
IX-11c Accounting feesPrograms $9,094 · Management $9,095$18,189
IX-13 Office expensesPrograms $22,108 · Management $24 · Fundraising $24$22,156
IX-16 OccupancyPrograms $73,498 · Management $8,166$81,664
IX-17 TravelPrograms $4,619$4,619
IX-23 InsurancePrograms $10,660 · Management $1,184$11,844
IX-24 Other expenses (24a–d)Programs $14,443$14,443
IX-24e All other expensesFundraising $118$118
IX-25 Total functional expensesPrograms $1,069,075 · Management $215,037 · Fundraising $25,576$1,309,688
Part X · Balance sheet $753,187 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $477,585$506,731
X-4 Accounts receivableStart of year $4,227$31,082
X-9 Prepaid expenses and deferred chargesStart of year $2,596$2,293
X-11 Publicly traded securitiesStart of year $110,066$207,925
X-15 Other assetsStart of year $16,909$5,156
X-16 Total assetsStart of year $611,383$753,187
X-17 Accounts payable and accrued expensesStart of year $64,355$93,286
X-19 Deferred revenueStart of year $25,300$17,050
X-25 Other liabilitiesStart of year $12,709$956
X-26 Total liabilitiesStart of year $102,364$111,292
X-27 Net assets without donor restrictionsStart of year $509,019$636,895
X-28 Net assets with donor restrictions$5,000
X-32 Total net assets or fund balancesStart of year $509,019$641,895
X-33 Total liabilities and net assetsStart of year $611,383$753,187
Part XI · Reconciliation of net assets $641,895 net assets at year end
XI-1 Total revenue$1,412,047
XI-2 Total expenses$1,309,688
XI-3 Revenue less expenses$102,359
XI-4 Net assets at start of year$509,019
XI-5 Net unrealized gains (losses) on investments$25,516
XI-9 Other changes in net assets$5,001
XI-10 Net assets at end of year$641,895

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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