Learning Bank Inc
- Assets
- $68.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- West Fargo, ND
- Founding
- 07/1987
- Data as of
- 06/2022
- EIN
- 45-0399728
Organization Overview
Learning Bank Inc is located in West Fargo, ND. The organization was established in 1987. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Learning Bank 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 06/2022, Learning Bank Inc generated $25.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $14.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (13.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
FINE ARTS, HISTORICAL, AND CULTURAL PRESENTATIONS TO STUDENTS IN GRADES 1-5 FOR FARGO PUBLIC SCHOOLS, WEST FARGO PUBLIC SCHOOLS, AND MOORHEAD PUBLIC SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Sand President | 0 | $0 | |
Robert Grosz Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,281 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $86 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $25,367 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $7,113 |
| Professional fees and other payments to independent contractors | $6,935 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $533 |
| Total expenses | $14,581 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $68,574 |
| Other assets | $0 |
| Total assets | $68,574 |
| Total liabilities | $0 |
| Net assets or fund balances | $68,574 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Learning Bank Inc has recieved totaling $6,600.
| Awarding Organization | Amount |
|---|---|
Fargo-Moorhead Area Foundation Corporation Fargo, ND PURPOSE: $1600-CARING CATALOG $5000.00-GENERAL SUPPORT | $6,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wallin Education Partners St Paul, MN | $25,848,040 | $10,926,258 |
New American Development Center Minneapolis, MN | $3,930,676 | $9,122,032 |
Bluesky Charter School Bloomington, MN | $6,912,497 | $6,906,603 |
Us Math Recovery Council Eagan, MN | $3,296,483 | $6,771,005 |
Woodbury Leadership Academy Woodbury, MN | $4,350,331 | $5,912,313 |
Barr Center St Louis Park, MN | $8,287,138 | $8,108,042 |
Great Mn Schools Minneapolis, MN | $411,897 | $3,619,260 |
Morrison-Maierie Inc Group Health Plan Tr Helena, MT | $2,319,499 | $3,680,881 |
West River Foundation Sturgis, SD | $7,568,333 | $3,921,124 |
Sicangu Owayawa Oti-Rosebud Dormitory Mission, SD | $5,924,789 | $2,325,210 |
Minnesota Discovery Center Chisholm, MN | $14,909,825 | $2,716,934 |
Charlson Meadows Excelsior, MN | $72,724,132 | $4,360,065 |