Learning Center
- Assets
- $1.5m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 14
- Location
- Palo Alto, CA
- Founding
- 01/1979
- Data as of
- 06/2023
- EIN
- 94-2421579
Organization Overview
Learning Center is located in Palo Alto, CA. The organization was established in 1979. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2023, Learning Center employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Learning Center 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 Center generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.2m during the year ending 06/2023. While expenses have increased by 0.9% 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
OUR CHILD-CENTERED AND PLAY-BASED PROGRAM FOSTERS EMOTIONAL, SOCIAL, COGNITIVE, AND PHYSICAL GROWTH. WE VALUE DIVERSITY AND WELCOME AND AFFIRM ALL, REGARDLESS OF RACE, COLOR, NATIONALITY, ETHNIC ORIGIN, SEXUAL ORIENTATION, OR RELIGIOUS AFFILIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESCHOOL PROGRAMTHE LEARNING CENTER IS A CHILD-CENTERED AND PLAY-BASED PROGRAM WITH THE GOAL OF FOSTERING EMOTIONAL, SOCIAL, COGNITIVE AND PHYSICAL GROWTH. WE PROVIDE CARE FOR UP TO 42 CHILDREN FROM 7:30-5:30, MONDAY-FRIDAY, WITH CHILDREN ATTENDING 2, 3, OR 5 FULL DAYS.
FUNDRAISINGANNUAL APPEALLIKE MANY NON-PROFIT [501(C)(3)] ORGANIZATIONS, TLC MAKES AN APPEAL TO ITS CONSTITUENTS ON AN ANNUAL BASIS TO ENCOURAGE CHARITABLE GIVING TO THE ORGANIZATION. EACH YEAR TLC RECEIVES DONATIONS AT A VARIETY OF LEVELS; REGARDLESS OF THE AMOUNT, EACH FAMILYS DONATION IS GREATLY APPRECIATED. THE ANNUAL APPEAL RUNS FROM OCTOBER THROUGH THE END OF THE FISCAL YEAR IN JUNE. BUT BECAUSE THE DONATIONS ARE TAX DEDUCTIBLE, WE REMIND FAMILIES ABOUT THIS APPEAL TOWARD THE END OF THE CALENDAR YEAR, AS SOME FAMILIES LIKE TO FACTOR CHARITABLE GIVING INTO THEIR HOLIDAY OR TAX PREPARATION PLANS. CONTRIBUTIONS TO THE ANNUAL APPEAL ARE WELCOMED AT ANY TIME OF YEAR. DONATE YOUR DEPOSITWHEN YOUR CHILD LEAVES THE LEARNING CENTER, YOU HAVE THE OPPORTUNITY TO MAKE A TAX DEDUCTIBLE DONATION OF ALL OR PART OF THE ORIGINAL DEPOSIT YOU MADE WHEN ENROLLING IN THE PROGRAM. THIS REQUEST ALLOWS FOR AN OPPORTUNITY TO REFLECT ON THE IMPACT TLC HAS HAD ON YOUR CHILD AS THEY MOVE ON TO THE NEXT PHASE IN THEIR EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Evans-Fitch Executive Dir. | Officer | 40 | $121,315 |
Evelyn Brosi Semenza President | OfficerTrustee | 0.7 | $0 |
Jan Jaap Bezemer Treasurer | OfficerTrustee | 0.6 | $0 |
Ann Payne Secretary | OfficerTrustee | 0.6 | $0 |
Mchale Newport-Berra Board Member | Trustee | 0.3 | $0 |
Sokki Chen Board Member | Trustee | 0.3 | $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 | $43,641 |
| Noncash contributions included in lines 1a–1f | $418 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,641 |
| Total Program Service Revenue | $1,120,945 |
| Investment income | $100,017 |
| 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 | $1,264,859 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,826 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $136,147 |
| Compensation of current officers, directors, key employees. | $122,811 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $521,168 |
| Pension plan accruals and contributions | $2,592 |
| Other employee benefits | $107,712 |
| Payroll taxes | $51,068 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,334 |
| Advertising and promotion | $0 |
| Office expenses | $8,865 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $139,182 |
| Travel | $2,699 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,283 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,756 |
| Insurance | $7,332 |
| All other expenses | $0 |
| Total functional expenses | $1,161,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,032 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,020 |
| 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 | $15,546 |
| Net Land, buildings, and equipment | $20,329 |
| Investments—publicly traded securities | $1,310,086 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,469,013 |
| Accounts payable and accrued expenses | $67,388 |
| Grants payable | $0 |
| Deferred revenue | $8,826 |
| 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 | $98,833 |
| Total liabilities | $175,047 |
| Net assets without donor restrictions | $944,039 |
| Net assets with donor restrictions | $349,927 |
| 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 | $1,469,013 |