Learning Project Inc
- Assets
- $17.3m
- Revenue
- $4.6m
- Investments
- $8.0m
- Employees
- 39
- Location
- Boston, MA
- Founding
- 03/1974
- Data as of
- 06/2023
- EIN
- 04-2525467
Organization Overview
Learning Project Inc is located in Boston, MA. The organization was established in 1974. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Learning Project Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Learning Project Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Learning Project Inc generated $4.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $3.8m during the year ending 06/2023. While expenses have increased by 3.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL INSTRUCTION GRADES K-6.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELEMENTARY SCHOOL PROGRAMS FOR APPROXIMATELY 120 STUDENTS IN GRADES K-6. THE SCHOOL HAS HIGH ACADEMIC EXPECTATIONS, BROAD DIVERSITY AND A STRONG SENSE OF COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Hajj Head Of School | Trustee | 40 | $225,190 |
Linda Seeley President | OfficerTrustee | 2 | $0 |
Patrick Benzie Treasurer | OfficerTrustee | 2 | $0 |
Louis Tompros Clerk | OfficerTrustee | 2 | $0 |
Isabella Allen Trustee | Trustee | 2 | $0 |
Will Murphy Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,274,446 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,274,446 |
| Total Program Service Revenue | $3,327,020 |
| Investment income | $39,337 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,067 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,643,870 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $534,574 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,100,769 |
| Pension plan accruals and contributions | $132,147 |
| Other employee benefits | $208,152 |
| Payroll taxes | $155,598 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,433 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $147,485 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,075 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,994 |
| Insurance | $35,331 |
| All other expenses | $83,971 |
| Total functional expenses | $3,802,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $273,203 |
| Savings and temporary cash investments | $2,266,641 |
| Pledges and grants receivable | $476,042 |
| Accounts receivable, net | $5,409 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $66,827 |
| Net Land, buildings, and equipment | $6,063,085 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,017,969 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $135,244 |
| Total assets | $17,304,420 |
| Accounts payable and accrued expenses | $352,200 |
| Grants payable | $0 |
| Deferred revenue | $1,053,824 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $138,162 |
| Total liabilities | $1,544,186 |
| Net assets without donor restrictions | $13,238,729 |
| Net assets with donor restrictions | $2,521,505 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $17,304,420 |
Grants Awarded
Over the last fiscal year, Learning Project Inc has awarded $14,706 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNICEF PURPOSE: RAISED FROM STUDENTS TRICK OR TREATING, READ A THON, AND COIN DRIVE TO SUPPORT UNICEF IN ITS MISSION TO HELP CHILDREN AROUND THE WORLD | $5,706 |
CHARLESGATE ALLIANCE PURPOSE: STUDENTS READ A THON FUNDRAISING FOR "NEW TREES FOR CHARLESGATE" TO PLANT 3 NEW TREES AND REVITALIZE THAT SECTION OF OUR NEIGHBORHOOD. | $9,000 |