LEARNING SPRINGS ACADEMY INC

EIN: 464945669 501(c)(3) Education

SAN JOSE, CA

Total Revenue
$542,875
Total Expenses
$513,125
Total Assets
$230,370
Net Assets
$-167,362
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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
CA
Principal Officer
LUCIA D'SOUZA
Phone
4082168867
Tax Period
2023-01-01 to 2023-12-31

LEARNING SPRINGS ACADEMY INC, founded in 2015, is a small nonprofit in the Education sector that reported $543K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $513K left a modest 5% surplus.

Mission

To create child-centered, individualized, developmentally appropriate programs serving preschool and elementary school children who are neurotypical and those with special needs and their families in an inclusion model.

Program Service Accomplishments

Program 1
Expenses: $420,762

The specific purposes of Learning Springs Academy, Inc.(hereinafter referred to as the LSA Inc.)are:* To create child-centered, individualized, developmentally appropriate programs serving elementary...

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The specific purposes of Learning Springs Academy, Inc.(hereinafter referred to as the LSA Inc.)are:* To create child-centered, individualized, developmentally appropriate programs serving elementary aged children who are neuro-typical and those with special needs and their families in an inclusion model.* To build on respectful and nurturing interactions between teachers and children, and on each child's curiosity and creativity, we come together as a classroom community whose goal is to inspire a lifelong love of exploration, thought, and learning. LSA Inc's core values are inclusion, diversity, and fairness. LSA Inc. work in partnership with parents, communicating closely, encouraging family involvement in the program and offering support and education on issues relating to child development, special education, behavior management and care. LSA Inc. is also a learning center, where parents participate in their child's early education and learn about early childhood developmental stages and practices, special education services and other community supports and services for young children and their families assist preschoolers with special needs to develop the skills that will be the foundation for school success.* To provide ongoing high quality professional development opportunities that support and prepare our teachers to obtain a national credential and/or an academic degree in early childhood education or a related field.* To assess regularly the quality of the professional development experiences for early child care educators through surveys, interviews and parental input.* To foster collaborative partnerships with local, state, and national organizations also interested in advancing and promoting the importance and accessibility of quality child care for children with special needs.* To provide educational resources and support; to promote equal educational opportunities for all children with special learning needs.Elementary School Program - We help families and children with special needs who have not been able to experience a successful school experience in a large school setting either in a public or private school environment. This allows parents to continue working without being called to pick up their child when he/she is having behavioral issues at school. We refer students for further assessments to their public schools when it is clear that a child needs further assistance. The goal of our program is to implement early intervention support for children identified with special needs and to work with our neuro-typical children to ensure they are over prepared for advancement.We work with children who have been identified with special needs (Autism/Speech Delays/Anxiety/ADHD) who are very bright but need a small class setting with qualified staff who can mold the environment to ensure each childs support. Our goal is to eventually transition each child to a less restrictive setting.School Age Program we provide parents and children with a safe structured setting where the children get help with their homework and are engaged in a structured STEAM rich environment allowing parents to continue working full time.

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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 $542,875
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $542,875

Expense Breakdown

Grants Paid $0
Salaries & Benefits $368,269
Fundraising Expenses $0
Program Expenses $420,762
Other Expenses $144,856
TOTAL EXPENSES $513,125

Year-over-Year Comparison

2023 2022 Change
Revenue $542,875 $595,818 -0.1%
Expenses $513,125 $526,542 0.0%
Net Income $29,750 $69,276 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
4
Employees
11
Volunteers
9

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
4
$186,433
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LUCIA D'SOUZA President & CEO 40.00
Officer
$125,000 $0 $125,000
MARIANNE NADELL Treasurer 5.00
Officer
$61,433 $0 $61,433
BENEDICT GOMES Secretary 5.00
Officer
$0 $0 $0
PETER REHLEY Vice President 5.00
Officer
$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 $542,875 $513,125 $230,370 $29,750
2022 $595,818 $526,542 $201,964 $69,276
2021 $413,829 $400,040 $124,051 $13,789
2020 $340,495 $397,520 $189,734 $-57,025
2019 $401,843 $541,348 $16,398 $-139,505
2018 $674,146 $721,478 $75,861 $-47,332
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