Learning Community Charter School INC FY2020 filing

Tax-deductible

Central Falls, RI501(c)(3)Since 2004EducationEIN 47-0942849Revenue $11.1M in FY2020

On file with the IRSthelearningcommunity.com21 Lincoln Ave, 02863-2012 · Central Falls, RITax-exempt since Jun 2005School — 170(b)(1)(A)(ii)

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This work fulfills our misson at the Learning Community, we believe that literacy empowers each individual to have a voice,assume Community responsibility and take social action. We expect leadership at every level. We grow teachers, student leaders, and Community leaders.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$342K 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

FY2020 · 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
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
0 of 6
filings with a surplus
Average deficit $355K a year · 3% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$342K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $90K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3.9M
31% of total assets
Looks good: liabilities are 31% 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
$11.1M
Spent
$11.8M
To programs
89%
Net assets
$8.5M
By yearFY2020–FY2025
Revenue
$11.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$11.1M
FY2021$11.4M
FY2022$12.8M
FY2023$13.2M
FY2024$13.6M
FY2025$13.4M
Expenses
$11.8M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$11.8M
FY2021$11.4M
FY2022$12.8M
FY2023$13.4M
FY2024$14.7M
FY2025$13.4M
Net assets
$8.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$8.5M
FY2021$9.3M
FY2022$8.5M
FY2023$8.7M
FY2024$8.0M
FY2025$8.0M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Jun 2005.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $10.5M Management & general 9% · $1.1M Fundraising 2% · $203K

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

15 people listed on the 990; $342K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director
$118,861Pt VII · Sec A
Executive Director
$114,321Pt VII · Sec A
Development Director
$108,546Pt 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
$0Pt VII · Sec A

Margaret O'Leary’s $150K as Executive Director is at the 16th percentile of top reported officer pay among 3683 $10–100M 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Margaret O'Leary$150,469$146,202$141,065$125,472$127,050$118,861
Sarah Friedman—————$114,321
Derek Collamati—————$108,546

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.

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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

Empowers individuals through literacy to lead and take social action.

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Provided by the organization

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2 programs · $10.5M · in their own filed words · FY2019
01

The learning community is an innovative urban public school serving central falls, providence, and pawtucket ri in grades k-8. The learning community is a high poverty, high achieving school that believes deeply in the voices of teachers, students, and families.

$10.0Mprogram expense
02

Through our teaching studio we are partnering with other public schools to share what is working our classrooms and reaching an additional 3,800 students this academic year. We recently hosted a conference for educators at the ri convention center that drew over 300 educators from 7 states.

$504Kprogram 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 · FY2024
Total grants receivedfrom 4 funders$90K
See all 4 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$11.1M
Ln 12
Fees for servicesLn 2g$8.3M
Gifts and grantsLn 1h$2.6M
Investment incomeLn 3$188K
Money outPt IX
$11.8M
Ln 25
Programscol B$10.5M
Managementcol C$1.1M
Fundraisingcol D$203K
Owns and owesPt X
$8.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.7M
Total assetsLn 16$12.3M
LiabilitiesLn 26$3.9M
PeoplePt VI, VII
15
listed · VII A
PaidVII A3
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.6M
Government grantsLn 1e$1.9M
Fundraising eventsLn 1c$58K
Fees for servicesLn 2g$8.3M
Investment incomeLn 3$188K
Other incomeLn 4–11$551
Gains on assetsLn 7$85K
Total revenueLn 12$11.1M
Assets in detailPt X, end of year
CashLn 1$63K
SavingsLn 2$2.6M
Cash and savings togetherLn 1–2$2.7M
InvestmentsLn 11–13$4.2M
Land, buildings, equipmentLn 10c$4.6M
Total assetsLn 16$12.3M
LiabilitiesLn 26$3.9M
Net assetsLn 32$8.5M
OperationsPt I, VI
EmployeesI 5173
VolunteersI 60
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 FY20End FY20
Cash and savingsLn 1–2$3.4M$2.7M
InvestmentsLn 11–13$4.2M$4.2M
Land, buildings, equipmentLn 10c$4.8M$4.6M
Total assetsLn 16$13.1M$12.3M
LiabilitiesLn 26$3.9M$3.9M
Net assetsLn 32$9.3M$8.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$270K$231K$33K$7K
Other salaries and wagesLn 7$6.4M$5.5M$778K$166K
Other employee benefitsLn 9$1.8M$1.8M$53K$9K
Payroll taxesLn 10$558K$485K$60K$12K
Legal feesLn 11b$30K$11K$20K
Accounting feesLn 11c$30K$11K$20K
Office expensesLn 13$190K$184K$6K$249
Information technologyLn 14$81K$72K$9K$420
OccupancyLn 16$180K$159K$18K$3K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$26K$25K$390$390
InterestLn 20$107K$94K$11K$2K
Depreciation, depletion and amortizationLn 22$317K$317K
InsuranceLn 23$79K$70K$8K$1K
Other expenses (24a–d)Ln 24$1.1M$1.1M
All other expensesLn 24e$553K$466K$85K$2K
Total functional expensesLn 25$11.8M$10.5M$1.1M$203K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $13.4M$13.4M−$27K$8.0M 990 PDF
FY2024 $13.6M$14.7M−$1.1M$8.0M 990 PDF
FY2023 $13.2M$13.4M−$180K$8.7M 990 PDF
FY2022 $12.8M$12.8M−$42K$8.5M 990 PDF
FY2021 $11.4M$11.4M−$6K$9.3M 990 PDF
FY2020 Viewing $11.1M$11.8M−$778K$8.5M 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 FY2020 990 (6 parts)
Part I · Summary $11,062,776 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,429,450$2,560,089
I-9 Program service revenuePrior year $7,899,709$8,314,007
I-10 Investment incomePrior year $89,018$188,129
I-11 Other revenuePrior year $100,896$551
I-12 Total revenuePrior year $10,519,073$11,062,776
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $8,339,107$9,098,526
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,317,491$2,742,241
I-18 Total expensesPrior year $10,656,598$11,840,767
I-19 Revenue less expensesPrior year −$137,525−$777,991
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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 $11,062,776 across 10 lines filed
VIII-1c Fundraising events$58,202
VIII-1e Government grants$1,949,789
VIII-1f All other contributions, gifts and grants$552,098
VIII-1h Total contributions, gifts and grants$2,560,089
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,314,007$8,314,007
VIII-3 Investment incomeExcluded from tax $102,695$102,695
VIII-7 Net gain or loss on sales of assetsRelated to mission $85,434$85,434
VIII-8 Net income from fundraising eventsExcluded from tax −$2,345−$2,345
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,896$2,896
VIII-12 Total revenueRelated to mission $8,402,337 · Unrelated business $0 · Excluded from tax $100,350$11,062,776
Part IX · Statement of functional expenses $11,840,767 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $230,640 · Management $32,622 · Fundraising $6,979$270,241
IX-7 Other salaries and wagesPrograms $5,498,246 · Management $777,676 · Fundraising $166,382$6,442,304
IX-9 Other employee benefitsPrograms $1,766,188 · Management $52,850 · Fundraising $9,426$1,828,464
IX-10 Payroll taxesPrograms $485,470 · Management $60,251 · Fundraising $11,796$557,517
IX-11b Legal feesPrograms $10,637 · Management $19,753$30,390
IX-11c Accounting feesPrograms $10,503 · Management $19,506$30,009
IX-13 Office expensesPrograms $183,535 · Management $5,848 · Fundraising $249$189,632
IX-14 Information technologyPrograms $72,031 · Management $8,672 · Fundraising $420$81,123
IX-16 OccupancyPrograms $158,858 · Management $17,950 · Fundraising $2,693$179,501
IX-17 TravelPrograms $2,721$2,721
IX-19 Conferences, conventions and meetingsPrograms $25,250 · Management $390 · Fundraising $390$26,030
IX-20 InterestPrograms $94,419 · Management $10,669 · Fundraising $1,600$106,688
IX-22 Depreciation, depletion and amortizationPrograms $317,113$317,113
IX-23 InsurancePrograms $69,587 · Management $7,863 · Fundraising $1,179$78,629
IX-24 Other expenses (24a–d)Programs $1,147,067$1,147,067
IX-24e All other expensesPrograms $466,147 · Management $85,123 · Fundraising $2,068$553,338
IX-25 Total functional expensesPrograms $10,538,412 · Management $1,099,173 · Fundraising $203,182$11,840,767
Part X · Balance sheet $12,319,436 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $246,589$63,001
X-2 Savings and temporary cash investmentsStart of year $3,191,610$2,621,763
X-4 Accounts receivableStart of year $552,349$539,136
X-8 Inventories for sale or use$9,054
X-9 Prepaid expenses and deferred chargesStart of year $158,151$358,957
X-10c Land, buildings and equipment, netStart of year $4,795,543$4,575,191
X-11 Publicly traded securitiesStart of year $4,203,807$4,152,334
X-16 Total assetsStart of year $13,148,049$12,319,436
X-17 Accounts payable and accrued expensesStart of year $797,637$950,542
X-20 Tax-exempt bond liabilitiesStart of year $3,014,635$2,917,506
X-26 Total liabilitiesStart of year $3,860,472$3,868,048
X-27 Net assets without donor restrictionsStart of year $9,215,098$8,447,226
X-28 Net assets with donor restrictionsStart of year $72,479$4,162
X-32 Total net assets or fund balancesStart of year $9,287,577$8,451,388
X-33 Total liabilities and net assetsStart of year $13,148,049$12,319,436
Part XI · Reconciliation of net assets $8,451,388 net assets at year end
XI-1 Total revenue$11,062,776
XI-2 Total expenses$11,840,767
XI-3 Revenue less expenses−$777,991
XI-4 Net assets at start of year$9,287,577
XI-5 Net unrealized gains (losses) on investments−$37,116
XI-7 Investment expenses−$21,082
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,451,388

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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