Nonprofit · EIN 27-3328809
LEARNING COMPANY
Also known as Princeton Learning Cooperative
Tax-exempt · LANGHORNE, PA 19047
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,122,595 | $1,104,991 | $17,604 | $721,762 | $70,887 | $650,875 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $51,976
- Program service revenue
- $1,045,586
- Investment income
- $25,033
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $286,615
- Compensation of officers, directors and key employees
- $55,634
- Other salaries and wages
- $508,374
- Salaries, compensation and benefits (total)
- $651,555
- Professional fundraising fees
- $0
- Accounting fees
- $20,493
- Occupancy
- $89,475
- Travel
- $3,426
- Program services (functional)
- $901,093
- Management and general (functional)
- $182,560
- Fundraising (functional)
- $21,338
Balance sheet and other
- Total assets, start of year
- $753,187
- Total assets, end of year
- $721,762
- Total liabilities, end of year
- $70,887
- Net assets, end of year
- $650,875
- Land, buildings and equipment
- $6,601
- Publicly traded securities
- $234,181
- Net assets without donor restrictions
- $639,429
- Net assets with donor restrictions
- $11,446
- Gross receipts
- $1,122,595
- Employees
- 12
- Volunteers
- 50
- Year formed
- 2010
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Joel Hammon | Director Officer | 40 | $67,089 |
| Joye Nagle | Treasurer Trustee or director, Officer | 1 | $0 |
| Christie McDade | Trustee Trustee or director | 1 | $0 |
| Charles Kruger | President Trustee or director, Officer | 1 | $0 |
| Patrick Sullivan | President Trustee or director, Officer | 1 | $0 |
| David DiMicco | Trustee Trustee or director | 1 | $0 |
| Clancy August | Secretary Trustee or director, Officer | 1 | $0 |
| Marc Epstein | Trustee Trustee or director | 1 | $0 |
| Mark Shapiro | Treasurer Trustee or director, Officer | 1 | $0 |
| Melissa Cabral | Trustee Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 315 W MAPLE AVE, LANGHORNE, PA 19047-2132
- In care of
- % MARK SHAPIRO
- Mailing address (990-N for 2010)
- PO Box 167, Princeton NJ 08542
- Principal officer (990 for 2024)
- Joel Hammon, 315 West Maple Avenue, Langhorne, PA 19047
- Principal officer (990-N for 2010)
- Joel Hammon, 453 Hamilton Blvd, Morrisville PA 19067
- Signed the 990
- MARK SHAPIRO, Treasurer
- Phone
- (609) 851-2522
- Website
- www.PLCTeens.org
- Return prepared by
- Jay Aronowitz CPA
Mission
The Learning Company is a group of local centers that make living and learning without school an option for teens. We provide academic and non-academic support as well as a supportive community for teens to pursue their education. We operate centers in three communities.
Program accomplishments
- The Learning Company offers classes, tutoring, mentoring, help finding volunteer and work opportunities, help with college admissions, and a safe and welcoming spaces for teens to work and socialize. We currently operate Princeton Learning Cooperative in Princeton, New Jersey, Bucks Learning Cooperative in Langhorne, Pennsylvania and Raritan Learning Cooperative in Flemington, New Jersey.Expenses $901,093 · grants $286,615 · revenue $1,050,372
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 27-3328809
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2011
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $721,762
- Income (IRS master file)
- $1,122,595
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $1,412,047 | $1,309,688 | $753,187 | IRS |
| 990 | June 2023 | $1,294,745 | $1,167,724 | $611,383 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990-N for 2010 Officer: Joel Hammon | June 30, 2011 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about LEARNING COMPANY
- What is the EIN of LEARNING COMPANY?
- The employer identification number (EIN) of LEARNING COMPANY is 27-3328809.
- Is LEARNING COMPANY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to LEARNING COMPANY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LEARNING COMPANY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LEARNING COMPANY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LEARNING COMPANY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LEARNING COMPANY?
- The 990 for the year ended June 30, 2025 names Joel Hammon.
- Who are the officers and directors of LEARNING COMPANY?
- The 990 for the year ended June 30, 2025 lists 10 people; 1 received compensation from the organization, the highest $67,089 (Joel Hammon, Director).
- How much revenue does LEARNING COMPANY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,122,595, expenses of $1,104,991 and total assets of $721,762 at year end.
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