Adult Learning Center Inc
- Assets
- $99.7k
- Revenue
- $372.0k
- Investments
- $0.0
- Employees
- 11
- Location
- Spartanburg, SC
- Founding
- 08/1995
- Data as of
- 06/2024
- EIN
- 57-1006834
Organization Overview
Adult Learning Center Inc is located in Spartanburg, SC. The organization was established in 1995. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2024, Adult Learning Center Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adult Learning Center 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 06/2024, Adult Learning Center Inc generated $372.0k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $367.4k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 9 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH THE LIVES OF THE UNDER EDUCATED ADULTS OF SPARTANBURG COUNTY BY RAISING THEIR EDUCATIONAL LEVEL
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDIVIDUALS WERE SERVED THROUGH LITERACY SERVICES, GED PREPARATION, INSTRUCTION IN THE ENGLISH LANGUAGE, COMPUTER SKILLS SERVICES AND PRE-EMPLOYMENT TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Gault Board Member | Trustee | 18 | $0 |
Annie Groover Board Member, Treasurer | OfficerTrustee | 30 | $0 |
Shirley Glenn Board Member | Trustee | 22 | $0 |
Saunders Mccollum Board Member | Trustee | 20 | $0 |
Ron Smith Board Member, Chair | OfficerTrustee | 16 | $0 |
Gloria Stewart Board Member, Secretary | OfficerTrustee | 26 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $50,645 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $178,644 |
| All other contributions, gifts, grants, and similar amounts not included above | $133,529 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $362,818 |
| Total Program Service Revenue | $9,124 |
| Investment income | $45 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $371,987 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $98,989 |
| Compensation of current officers, directors, key employees. | $29,697 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $144,566 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,032 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,722 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,591 |
| Advertising and promotion | $0 |
| Office expenses | $9,452 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,787 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,164 |
| All other expenses | $1,514 |
| Total functional expenses | $367,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,589 |
| Savings and temporary cash investments | $14,537 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,530 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $99,656 |
| Accounts payable and accrued expenses | $6,120 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $6,120 |
| Net assets without donor restrictions | $93,536 |
| Net assets with donor restrictions | $0 |
| 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 | $99,656 |