Life Learning Center Inc

EIN: 203454261 501(c)(3) Human Services

Covington, KY

Total Revenue
$1,753,981
Total Expenses
$2,082,218
Total Assets
$3,413,405
Net Assets
$2,974,744
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
KY
Principal Officer
Alecia Webb-Edgington
Phone
8594310100
Tax Period
2023-01-01 to 2023-12-31

Life Learning Center Inc, founded in 2005, is a community nonprofit in the Human Services sector that reported $1.8M in total revenue in fiscal year 2023. Expenses of $2.1M exceeded revenue, resulting in a 19% operating deficit.

Mission

LLC (Center) is a United Way-funded, nonprofit organization that works with multiple local community partners and progressive employers to take individuals who demonstrate a commitment to stable employment and prepare them for productive, sustainable careers through education, training and life coaching. The Center delivers a wholistic, integrated continuum of education and care to help our at risk citizens step up to their highest potential. The Center is building a caring and serving community by helping people learn, secure and sustain a better way of living through gainful employment.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,830,274
Program Service Revenue $145,250
Investment Income $-147,335
Other Revenue $-74,208
TOTAL REVENUE $1,753,981

Expense Breakdown

Grants Paid $224,023
Salaries & Benefits $1,195,877
Fundraising Expenses $74,833
Program Expenses $1,727,213
Other Expenses $662,318
TOTAL EXPENSES $2,082,218

Year-over-Year Comparison

2023 2022 Change
Revenue $1,753,981 $1,650,044 +0.1%
Expenses $2,082,218 $1,661,844 +0.3%
Net Income $-328,237 $-11,800 +26.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
27
Volunteers
120

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$164,800
Total Directors
11
$164,800
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Daniel Meyer Board Member 1.00
Director
$0 $0 $0
Rocky Boiman Board Member 1.00
Director
$0 $0 $0
Jack Geiger Board Member 1.00
Director
$0 $0 $0
Patrick Hughes Board Member 1.00
Director
$0 $0 $0
Chris Carle Board Member 1.00
Director
$0 $0 $0
Michelle Keller Board Member 1.00
Director
$0 $0 $0
Carol Butler Vice Chair 1.00
Officer Director
$0 $0 $0
William Butler Chairman 1.00
Officer Director
$0 $0 $0
Alecia Webb-Edgington President 60.00
Officer Director
$160,000 $4,800 $164,800
Deana Taylor Secretary 1.00
Officer Director
$0 $0 $0
Keith Carlson Treasurer 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,753,981 $2,082,218 $3,413,405 $-328,237
2022 $1,650,044 $1,661,844 $2,863,596 $-11,800
2021 $2,621,983 $1,551,699 $3,486,707 $1,070,284
2020 $1,213,329 $1,352,749 $2,467,829 $-139,420
2019 $1,439,995 $1,299,690 $2,962,017 $140,305
2018 $1,491,155 $1,163,630 $2,356,759 $327,525
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