2024-11-14T14:21:51-06:00 2024-06-30 263753134 CBIZ ADVISORS LLC 500 BOYLSTON STREET BOSTON MA 02116 990 2023-07-01 043319920 THE LEARNING FIRST FOUNDATION INC LEAR 5087997500 50 RICHLAND STREET WORCESTER MA 01610 LEO FLANAGAN SUPERINDENDENT/PRESIDENT/CHAIR 5087997500 2024-11-04 1 1 BRENDA L BOOTH P01342395 6177610600 2024-11-04 2023 2024-10-15 13:58:12Z LEO FLANAGAN 50 RICHLAND STREET WORCESTER MA 01610 2226225 0 X LEARNINGFIRSTFOUNDATION.ORG X 1996 MA LEARNING FIRST FOUNDATION, INC. IS COMMITTED TO SUPPORTING THE LEARNING FIRST CHARTER PUBLIC SCHOOL'S EFFORTS TO IMPROVE THE QUALITY OF PUBLIC EDUCATION IN MASSACHUSETTS. LEARNING FIRST FOUNDATION WILL DO THIS BY HOLDING THE BUILDING, RAISING FUNDS, AND ENGAGING THE GREATER COMMUNITY IN ACTIVITIES TO HELP STUDENTS, FAMILIES, AND TEACHERS. 4 3 0 4 0 0 84987 24474 0 1327734 1018312 2266 0 871751 1103299 2226225 22371 10188 0 0 0 0 0 0 0 560573 1111051 582944 1121239 520355 1104986 23205240 23169628 19896026 18755428 3309214 4414200 X LEARNING FIRST FOUNDATION, INC. IS COMMITTED TO SUPPORTING THE LEARNING FIRST CHARTER PUBLIC SCHOOL'S EFFORTS TO IMPROVE THE QUALITY OF PUBLIC EDUCATION IN MASSACHUSETTS. LEARNING FIRST FOUNDATION WILL DO THIS BY HOLDING THE BUILDING, RAISING FUNDS, AND ENGAGING THE GREATER COMMUNITY IN ACTIVITIES TO HELP STUDENTS, FAMILIES, AND TEACHERS. 0 0 1056429 10188 1327734 OWNED, OPERATED, MAINTAINED AND IMPROVED REAL ESTATE FOR THE OPERATION AND MAINTENANCE OF THE LEARNING FIRST CHARTER PUBLIC SCHOOL. WE ALSO STIMULATED THE DEVELOPMENT OF INNOVATIVE PROGRAMS AT THE LEARNING FIRST CHARTER PUBLIC SCHOOL. 1056429 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X X NANCY A MORGAN 5087997500 50 RICHLAND STREET WORCESTER MA 01610 LEO FLANAGAN SUPERINTENDENT/PRESIDENT/CHAIR 5.00 40.00 X X 0 188915 67284 ROSEMARIE FAYARD SECRETARY (UNTIL JAN. 2024) 5.00 40.00 X X 0 89928 39327 KHAM INTHIRATH CHAIR (UNTIL FEB. 2024) 1.00 0.00 X X 0 0 0 GILLIAN MACDONALD TRUSTEE 1.00 0.00 X 0 0 0 JASMINE HOLLIS-GADBOIS TRUSTEE 1.00 0.00 X 0 0 0 ROBERT TOTARO TREASURER 1.00 0.00 X X 0 0 0 ULYSSES YOUNGBLOOD TRUSTEE (UNTIL MAY 2024) 1.00 0.00 X 0 0 0 CYNTHIA KRACKOVIC DIRECTOR OF FINANCE 5.00 40.00 X 16915 152230 26001 16915 431073 132612 0 0 1 0 0 24474 10188 24474 RENTAL INCOME-EXEMPT 900002 1327734 1327734 1327734 2266 2266 OTHER INCOME 900002 871751 871751 871751 2226225 1327734 0 874017 10188 10188 17664 17664 41300 41300 455197 455197 591044 591044 MISCELLANEOUS 5846 5846 1121239 1056429 64810 0 1581346 767895 23276278 874545 21623894 22401733 23205240 23169628 621288 27645 6191288 5980221 13000000 12747562 83450 0 19896026 18755428 X 3309214 4414200 3309214 4414200 23205240 23169628 1104986 0 X 0 1 X 1 1 1 X X 1 THE LEARNING FIRST CHARTER PUBLIC SCHOOL 043319924 2 1 10188 0 1 10188 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 PART IV, SECTION D, LINE 3: THE LEARNING FIRST FOUNDATION, INC. IS COMMITTED TO SUPPORTING THE MISSION OF THE LEARNING FIRST CHARTER PUBLIC SCHOOL TO PREPARE A DIVERSE CROSS SECTION OF WORCESTER CHILDREN FOR SUCCESS AS STUDENTS, WORKERS AND CITIZENS BY PROVIDING THEM A HIGH QUALITY EDUCATION. LEARNING FIRST FOUNDATION, INC. ALSO OWNS THE PREMISES IN WHICH THE LEARNING FIRST CHARTER PUBLIC SCHOOL OPERATES, RAISES FUNDS AND ENGAGES IN ACTIVITIES SUPPORTING THE MISSION OF THE SCHOOL BY WHATEVER MEANS ARE DETERMINED BY THE BOARD OF TRUSTEES TO ACCOMPLISH THAT GOAL. PART IV, SECTION E, LINE 2A: LEARNING FIRST FOUNDATION, INC. IS A 501(C)(3) NOT FOR PROFIT ORGANIZATION DEDICATED TO ENSURING THE CONTINUITY AND SUSTAINABILITY OF THE LEARNING FIRST CHARTER PUBLIC SCHOOL, AS AN AGENT FOR PUBLIC SCHOOL REFORM THROUGH THE DEVELOPMENT OF PARTNERSHIPS SUPPORTING PUBLIC SCHOOL TEACHERS, FAMILIES AND COMMUNITY MEMBERS. LEARNING FIRST FOUNDATION IS COMMITTED TO SUPPORTING THE LEARNING FIRST CHARTER PUBLIC SCHOOL'S EFFORTS TO IMPROVE THE QUALITY OF PUBLIC EDUCATION IN MASSACHUSETTS. LEARNING FIRST FOUNDATION WILL DO THIS BY HOLDING THE BUILDING, RAISING FUNDS, AND ENGAGING THE GREATER COMMUNITY IN ACTIVITIES TO HELP STUDENTS, FAMILIES, AND TEACHERS. PART IV, SECTION E, LINE 2B: AS STATED ABOVE, LEARNING FIRST FOUNDATION, INC. IS A 501(C)(3) NOT FOR PROFIT ORGANIZATION DEDICATED TO ENSURING THE CONTINUITY AND SUSTAINABILITY OF THE LEARNING FIRST CHARTER PUBLIC SCHOOL, AS AN AGENT FOR PUBLIC SCHOOL REFORM THROUGH THE DEVELOPMENT OF PARTNERSHIPS SUPPORTING PUBLIC SCHOOL TEACHERS, FAMILIES AND COMMUNITY MEMBERS. LEARNING FIRST FOUNDATION WOULD NEED TO ITSELF HOLD THE BUILDING, RAISE FUNDS, AND ENGAGE THE GREATER COMMUNITY IN ACTIVITIES TO HELP STUDENTS, FAMILIES, AND TEACHERS TO CARRY OUT ITS CHARITABLE PURPOSE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1344876 1344876 16997929 504648 16493281 4933473 369897 4563576 22401733 X 2226225 0 2226225 0 2226225 1121239 0 1121239 0 1121239 PART X, LINE 2: THE FOUNDATION ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE FOUNDATION HAS IDENTIFIED ITS TAX STATUS AS A TAX-EXEMPT ENTITY AS ITS ONLY SIGNIFICANT TAX POSITION AND HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE FOUNDATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. ITS FEDERAL AND STATE INCOME TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THE PAST THREE YEARS FOLLOWING THE DATES FILED. 1 THE LEARNING FIRST CHARTER PUBLIC SCHOOL 50 RICHLAND STREET WORCESTER MA 01610 043319924 GOVT 0 10188 FMV SUPPLIES IMPROVE THE QUALITY OF PUBLIC EDUCATION IN MASSACHUSETTS. 1 0 PART I, LINE 2: SCHOLARSHIP AWARDS HAVE SET CRITERIA, ALTHOUGH NONE WERE APPLIED FOR OR AWARDED IN FY2024. GRANTS, ALTHOUGH NONE WERE APPLIED FOR OR AWARDED, PROCEDURES WOULD FOLLOW THOSE SET OUT BY THE INDIVIDUAL GRANT. 0 0 0 0 0 0 0 1 0 LEO FLANAGAN SUPERINTENDENT/PRESIDENT/CHAIR 0 184888 0 2915 0 1112 0 30000 0 37284 0 256199 0 0 CYNTHIA KRACKOVIC DIRECTOR OF FINANCE 16515 148636 177 1589 223 2005 50 450 2550 22951 19515 175631 0 0 PART I, LINE 3 COMPENSATION FOR ALL EMPLOYEES IS SET BY THE LEARNING FIRST CHARTER PUBLIC SCHOOL, A RELATED ORGANIZATION. PART I, LINE 7 LEO FLANAGAN RECEIVED A BONUS OF $2,915 IN CALENDAR 2023. CYNTHIA KRACKOVIC RECEIVED A BONUS OF $1,766 IN CALENDAR 2023. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY OUR OUTSIDE ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. THE FORM 990 IS REVIEWED BY MANAGEMENT AND PROVIDED TO THE BOARD OF TRUSTEES ONE WEEK IN ADVANCE OF THE NEXT BOARD MEETING WHERE THE FORM 990 IS DISCUSSED AND VOTED UPON BY THE FULL BOARD. UPON APPROVAL, THE FORM 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF THE BOARD OF DIRECTORS AND ALL OFFICERS FILL OUT A QUESTIONNAIRE ANNUALLY WHICH IS REVIEWED BY THE CHAIR OF THE BOARD OR OTHER DESIGNATED PERSON, AS APPROPRIATE. THEY DETERMINE WHETHER AN ACTUAL OR POTENTIAL CONFLICT EXISTS. MEMBERS OF THE BOARD WITH CONFLICTS ARE BARRED FROM VOTING OR PARTICIPATING IN CONFLICTING MATTERS. FORM 990, PART VI, SECTION C, LINE 19 OUR FORM 1023 APPLICATION, IRS DETERMINATION LETTER FOR TAX EXEMPTION, AND OUR FORMS 990 (CURRENT AND PRIOR THREE YEARS) ARE AVAILABLE UPON REQUEST. WE ALSO MAKE OUR FORM 990-T AVAILABLE TO THE PUBLIC UPON REQUEST. OUR FORM 990 IS AVAILABLE ON GUIDESTAR AT WWW.GUIDESTAR.ORG. OUR FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE AT HTTPS://MASSCHARITIES.MY.SITE.COM/FILINGSEARCH/S/. THE ARTICLES OF INCORPORATION, BYLAWS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST. THE LEARNING FIRST CHARTER PUBLIC SCHOOL 50 RICHLAND STREET WORCESTER MA 01610 043319924 EDUCATION MA N/A 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0