THE LEARNING COMMNUNITY CHARTER SCHOOL INC

EIN: 470942849 501(c)(3) Education

CENTRAL FALLS, RI

Total Revenue
$13,354,328
Total Expenses
$13,381,814
Total Assets
$11,279,614
Net Assets
$8,025,913
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
RI
Principal Officer
MARGARET O'LEARY
Phone
4017229998
Tax Period
2024-07-01 to 2025-06-30

THE LEARNING COMMNUNITY CHARTER SCHOOL INC, founded in 2004, is a mid-sized nonprofit in the Education sector that reported $13.4M in total revenue in fiscal year 2024.

Mission

THE SCHOOL PROVIDES EDUCATIONAL SERVICES TO STUDENTS K-8TH GRADE.

Program Service Accomplishments

Program 1
Expenses: $11,228,281 Revenue: $10,136,995

THE LEARNING COMMUNITY IS AN INNOVATIVE URBAN PUBLIC SCHOOL SERVING CENTRAL FALLS, PROVIDENCE, AND PAWTUCKET TI IN GRADES K-8. THE LEARNING COMMUNITY IS A HIGH POVERTY, HIGH ACHIEVING SCHOOL THAT...

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THE LEARNING COMMUNITY IS AN INNOVATIVE URBAN PUBLIC SCHOOL SERVING CENTRAL FALLS, PROVIDENCE, AND PAWTUCKET TI IN GRADES K-8. THE LEARNING COMMUNITY IS A HIGH POVERTY, HIGH ACHIEVING SCHOOL THAT BELIEVES DEEPLY IN THE VOICES OF TEACHERS, STUDENTS, AND FAMILIES. WE ARE COMMITTED TO HIGH STANDARDS, CRITICAL THINKING, AND STRONG FAMILY ENGAGEMENT. WE CURRENTLY SERVE ALMOST 600 STUDENTS IN OUR SCHOOL. WE ARE COMMITTED TO STRENGTHENING OUR NATION'S PUBLIC EDUCATION SYSTEM BY SHARING WHAT WORKS THROUGH TARGETED WORK WITH DISTRICTS, SCHOOLS, AND CLASSROOM TEACHERS. THIS WORK FULFILLS OUR OLD MISSION: AT THE LEARNING COMMUNITY, WE BELIEVE THAT LITERACY EMPOWERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,855,722
Program Service Revenue $10,136,995
Investment Income $386,302
Other Revenue $-24,691
TOTAL REVENUE $13,354,328

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,352,325
Fundraising Expenses $245,984
Program Expenses $11,228,281
Other Expenses $3,029,489
TOTAL EXPENSES $13,381,814

Year-over-Year Comparison

2024 2023 Change
Revenue $13,354,328 $13,568,743 0.0%
Expenses $13,381,814 $14,667,051 -0.1%
Net Income $-27,486 $-1,098,308 -1.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
182
Volunteers
N/A

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
$175,739
Total Directors
18
$175,739
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HILLARY SALMONS PRESIDENT 1.00
Officer Director
$0 $0 $0
GRACE FARMER TREASURER 1.00
Officer Director
$0 $0 $0
PATRICK COLLINS BOARD MEMBER 1.00
Director
$0 $0 $0
MARY-BETH FAFARD SECRETARY 1.00
Officer Director
$0 $0 $0
MARGARET O'LEARY EXECUTIVE DIRECTOR 40.00
Officer Director
$150,469 $25,270 $175,739
DEBORAH DREW BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS LADDS BOARD MEMBER 1.00
Director
$0 $0 $0
DONNA GREGSON BOARD MEMBER 1.00
Director
$0 $0 $0
KERI CALHOUN BOARD MEMBER 1.00
Director
$0 $0 $0
STERLING CLINTON-SPELLMAN BOARD MEMBER 1.00
Director
$0 $0 $0
LYNN LOTIERZO BOARD MEMBER 1.00
Director
$0 $0 $0
OSCAR MEJIAS VICE PRESIDENT 1.00
Director
$0 $0 $0
MONICA PEREZ BOARD MEMBER 1.00
Director
$0 $0 $0
ELLEN POLANSKY BOARD MEMBER 1.00
Director
$0 $0 $0
KIRSTEN SHROUT FERNANDES BOARD MEMBER 1.00
Director
$0 $0 $0
HELENA MORONTA BOARD MEMBER THROUGH 9/18/24 1.00
Director
$0 $0 $0
LAQUANDRA CHARLTON BOARD MEMBER THROUGH 10/24/24 1.00
Director
$0 $0 $0
ZELMA MALAVE BOARD MEMBER THROUGH 9/16/24 1.00
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
2025 $13,354,328 $13,381,814 $11,279,614 $-27,486
2024 $13,568,743 $14,667,051 $11,460,083 $-1,098,308
2023 $13,204,972 $13,385,461 $12,052,709 $-180,489
2022 $12,774,350 $12,816,576 $12,048,811 $-42,226
2021 $11,389,046 $11,395,020 $12,954,417 $-5,974
2020 $11,062,776 $11,840,767 $12,319,436 $-777,991
2019 $10,519,073 $10,656,598 $13,148,049 $-137,525
2018 $10,156,464 $10,102,865 $13,196,083 $53,599
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