Learning Bank Inc
- Assets
- $69.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- West Fargo, ND
- Founding
- 07/1987
- Data as of
- 06/2023
- 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 06/2023, Learning Bank Inc generated $20.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (25.2%) each year. All expenses for the organization totaled $20.0k during the year ending 06/2023. 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
2023
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 | 1 | $0 | |
Robert Grosz Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,281 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $203 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $20,484 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $6,000 |
| Professional fees and other payments to independent contractors | $13,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,028 |
| Total expenses | $20,028 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $69,201 |
| Other assets | $0 |
| Total assets | $69,201 |
| Total liabilities | $0 |
| Net assets or fund balances | $69,201 |