The Learning Community INC FY2024 filing

Fort Wayne, INUnknown exempt organizationEIN 46-2625575

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The Learning Community, INC. Provides early education and childcare for children ages 6 weeks through 12 years in the Community. We serve as an academic laboratory for faculty and students in the fields of early childhood education, psychology and other related fields.

90¢ of each $1 spent went to programs.
$79K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $38K a year · 4% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$79K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
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 · $18K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$244K
354% of total assets
Concern: liabilities are 354% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
+43% vs prior year
Spent
$1.0M
To programs
90%
Net assets
−$175K
By yearFY2020–FY2025
Revenue
$1.0M
FY2024▲ +43%
Revenue by fiscal year
FY2020$811K
FY2021$1.3M
FY2022$1.0M
FY2023$725K
FY2024$1.0M
FY2025$449K
Expenses
$1.0M
FY2024▼ -2%
Expenses by fiscal year
FY2020$883K
FY2021$995K
FY2022$1.1M
FY2023$1.1M
FY2024$1.0M
FY2025$474K
Net assets
−$175K
FY2024▼ -6%
Net assets by fiscal year
FY2020−$43K
FY2021$226K
FY2022$177K
FY2023−$166K
FY2024−$175K
FY2025−$200K

From the FY2024 Form 990 · see the original

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $945K Management & general 10% · $102K

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

8 people listed on the 990; $79K paid to officers and key staff.

Part VII, Section A · reportable compensation
Dir/Administ
$79,310Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Brad Hand$61,285$79,310$93,730$93,730$91,583$90,250

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 The Learning Community 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 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Offers early education and childcare, serving as an academic lab for related fields.

Provided by the organization

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1 program · $945K · in their own filed words · FY2024
01

Early education and childcare for children ages 6 weeks through 12 years. Academic laboratory for faculty and students in the fields of early childhood education, psychology and other related fields.

$945Kprogram 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 · FY2021
Total grants receivedfrom 1 funder$18K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Fees for servicesLn 2g$955K
Gifts and grantsLn 1h$85K
Investment incomeLn 3$30
Money outPt IX
$1.0M
Ln 25
Programscol B$945K
Managementcol C$102K
Owns and owesPt X
−$175K
net assets · Ln 32
Cash and savingsLn 1–2$5K
Total assetsLn 16$69K
LiabilitiesLn 26$244K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$85K
Government grantsLn 1e$34K
Fees for servicesLn 2g$955K
Investment incomeLn 3$30
Gains on assetsLn 7−$3K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$342
SavingsLn 2$4K
Cash and savings togetherLn 1–2$5K
Land, buildings, equipmentLn 10c$64K
Total assetsLn 16$69K
LiabilitiesLn 26$244K
Net assetsLn 32−$175K
OperationsPt I, VI
EmployeesI 554
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$8K$5K
Land, buildings, equipmentLn 10c$78K$64K
Total assetsLn 16$86K$69K
LiabilitiesLn 26$252K$244K
Net assetsLn 32−$166K−$175K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$755K$676K$79K
Payroll taxesLn 10$61K$55K$6K
Legal feesLn 11b$13$13
Accounting feesLn 11c$1K$1K
Office expensesLn 13$13K$13K
OccupancyLn 16$23K$23K
InterestLn 20$13K$13K
Depreciation, depletion and amortizationLn 22$13K$13K
InsuranceLn 23$35K$35K
Other expenses (24a–d)Ln 24$92K$92K
All other expensesLn 24e$41K$38K$3K
Total functional expensesLn 25$1.0M$945K$102K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $449K$474K−$24K−$200K 990 PDF
FY2024 Viewing $1.0M$1.0M−$9K−$175K 990 PDF
FY2023 $725K$1.1M−$343K−$166K 990 PDF
FY2022 $1.0M$1.1M−$49K$177K 990 PDF
FY2021 $1.3M$995K$270K$226K 990 PDF
FY2020 $811K$883K−$72K−$43K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,037,546 across 7 lines filed
VIII-1e Government grants$34,235
VIII-1f All other contributions, gifts and grants$50,953
VIII-1h Total contributions, gifts and grants$85,188
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $955,318$955,318
VIII-3 Investment incomeExcluded from tax $30$30
VIII-7 Net gain or loss on sales of assetsRelated to mission −$2,990−$2,990
VIII-12 Total revenueRelated to mission $952,328 · Excluded from tax $30$1,037,546
Part IX · Statement of functional expenses $1,046,743 across 11 lines filed
IX-7 Other salaries and wagesPrograms $676,124 · Management $79,310$755,434
IX-10 Payroll taxesPrograms $54,606 · Management $6,070$60,676
IX-11b Legal feesPrograms $13$13
IX-11c Accounting feesManagement $1,295$1,295
IX-13 Office expensesManagement $12,556$12,556
IX-16 OccupancyPrograms $22,609$22,609
IX-20 InterestPrograms $12,662$12,662
IX-22 Depreciation, depletion and amortizationPrograms $13,054$13,054
IX-23 InsurancePrograms $35,427$35,427
IX-24 Other expenses (24a–d)Programs $92,270$92,270
IX-24e All other expensesPrograms $37,809 · Management $2,938$40,747
IX-25 Total functional expensesPrograms $944,574 · Management $102,169 · Fundraising $0$1,046,743
Part X · Balance sheet $68,798 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $7,697$342
X-2 Savings and temporary cash investmentsStart of year $72$4,390
X-10c Land, buildings and equipment, netStart of year $77,860$64,066
X-16 Total assetsStart of year $85,629$68,798
X-26 Total liabilitiesStart of year $251,500$243,866
X-27 Net assets without donor restrictionsStart of year −$165,871−$175,068
X-32 Total net assets or fund balancesStart of year −$165,871−$175,068
X-33 Total liabilities and net assetsStart of year $85,629$68,798
Part XI · Reconciliation of net assets −$175,068 net assets at year end
XI-1 Total revenue$1,037,546
XI-2 Total expenses$1,046,743
XI-3 Revenue less expenses−$9,197
XI-4 Net assets at start of year−$165,871
XI-10 Net assets at end of year−$175,068

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

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