Learning Time is located in Salinas, CA. The organization was established in 1972. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 08/2023, Learning Time employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Learning Time 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 08/2023, Learning Time generated $185.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $196.6k during the year ending 08/2023. While expenses have increased by 10.0% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
CONTRACT SERVICES PROVIDED TO INDIVIDUALS IN MONTEREY AND SANTA CRUZ COUNTY PROGRAMS FOR CALWORKS PROGRAMS. 185 INDIVIDUALS SERVED - SOME ONLY TESTED, OTHERS SERVED THROUGH TUTORING MULTIPLE TIMES PER WEEK. TUTORING ASSISTS TO COMPLETE DRIVER'S LICENSE TESTING, GED/HISET - DIPLOMA COMPLETION, LEARNING TO READ, CALCULATE, DEVELOP COMPUTER SKILLS. SERVICES PROVIDED TO CHILDREN OF CLIENTS FOR ADVOCACY TO RECEIVE SCHOOL SERVICES WHICH ARE DENIED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Terry A Mchenry Director | 0.25 | $4,000 | |
Ann Murray Director | 0.25 | $0 | |
Arthur Singer Director | 0.25 | $0 | |
Joan Smith CEO | 40 | $32,750 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $185,528 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $185,528 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $103,191 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $28,568 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $64,849 |
Total expenses | $196,608 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $2,176 |
Other assets | $0 |
Total assets | $2,176 |
Total liabilities | $0 |
Net assets or fund balances | $2,176 |