LIVING CLASSROOMS FOUNDATION

EIN: 521369524 501(c)(3) Education

BALTIMORE, MD

Total Revenue
$11,767,669
Total Expenses
$9,928,974
Total Assets
$45,318,949
Net Assets
$38,076,265
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
MD
Principal Officer
CINDY WADALAVAGE
Phone
4106850295
Tax Period
2023-01-01 to 2023-12-31

LIVING CLASSROOMS FOUNDATION, founded in 1984, is a mid-sized nonprofit in the Education sector that reported $11.8M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $1.8M, a strong 16% operating margin.

Mission

LIVING CLASSROOMS FOUNDATION IS A NONPROFIT ORGANIZATION, OPERATED FOR THE BENEFIT OF THE COMMUNITY AT LARGE, PROVIDING HANDS ON EDUCATION AND JOB TRAINING FOR STUDENTS FROM DIVERSE BACKGROUNDS, WITH A SPECIAL EMPHASIS ON SERVING AT RISK YOUTH. THE FOUNDATION USES MARITIME SETTINGS, COMMUNITY REVITALIZATION PROJECTS AND OTHER CHALLENGING LEARNING ENVIRONMENTS, WITH A LOW STAFF TO STUDENT RATIO. OUR EXPERIENCE BASED EDUCATIONAL PROGRAMS EMPHASIZE THE APPLIED LEARNING OF MATH, SCIENCE, LANGUAGE ARTS, HISTORY, ECONOMICS AND ECOLOGY. KEY OBJECTIVES OF ALL LIVING CLASSROOMS PROGRAMS ARE CAREER DEVELOPMENT, COOPERATIVE LEARNING, ELEVATING SELF-ESTEEM, AND FOSTERING MULTICULTURAL EXCHANGE. LIVING CLASSROOMS FOUNDATION PROVIDES OVER 30 EDUCATIONAL PROGRAMS.

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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 $10,308,154
Program Service Revenue $1,067,507
Investment Income $411,616
Other Revenue $-19,608
TOTAL REVENUE $11,767,669

Expense Breakdown

Grants Paid $25,000
Salaries & Benefits $6,667,819
Fundraising Expenses $461,852
Program Expenses $8,282,877
Other Expenses $3,197,155
TOTAL EXPENSES $9,928,974

Year-over-Year Comparison

2023 2022 Change
Revenue $11,767,669 $14,455,118 -0.2%
Expenses $9,928,974 $9,773,048 +0.0%
Net Income $1,838,695 $4,682,070 -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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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
83
Independent Members
83
Employees
405
Volunteers
2250

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
7
$775,083
Total Directors
83
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANIL KSHEPAKARAN TRUSTEE 1.00
Director
$0 $0 $0
JEFFREY CHERRY TRUSTEE 1.00
Director
$0 $0 $0
BRIAN BILLICK TRUSTEE 1.00
Director
$0 $0 $0
JORGE ACEVEDO TRUSTEE 1.00
Director
$0 $0 $0
CARSERLO DOYLE TRUSTEE 1.00
Director
$0 $0 $0
CLAIRE BROIDO JOHNSON TRUSTEE 1.00
Director
$0 $0 $0
JAMES C ALBAN IV TRUSTEE 1.00
Director
$0 $0 $0
DEAN S HARRISON TRUSTEE 1.00
Director
$0 $0 $0
CHRISTINE ASPELL TRUSTEE 1.00
Director
$0 $0 $0
DRAKE C ZAHARRIS TRUSTEE 1.00
Director
$0 $0 $0
FRANCIS X KELLY III TRUSTEE 1.00
Director
$0 $0 $0
GEOFFREY BRENT TRUSTEE 1.00
Director
$0 $0 $0
HENRY G HAGAN TRUSTEE 1.00
Director
$0 $0 $0
J SCOTT WILFONG TRUSTEE 1.00
Director
$0 $0 $0
JACK S GRISWOLD TRUSTEE 1.00
Director
$0 $0 $0
W STREETT BALDWIN TRUSTEE 1.00
Director
$0 $0 $0
JIM SEAY TRUSTEE 1.00
Director
$0 $0 $0
JOHN KEMP TRUSTEE 1.00
Director
$0 $0 $0
JOHN W SCHIECH TRUSTEE 1.00
Director
$0 $0 $0
TALIB HORNE VICE CHAIR 1.00
Officer Director
$0 $0 $0
KENT PEARCE TRUSTEE 1.00
Director
$0 $0 $0
MIMI KAPILOFF TRUSTEE 1.00
Director
$0 $0 $0
KEVIN PLANK TRUSTEE 1.00
Director
$0 $0 $0
MARK M COLLINS JR TRUSTEE 1.00
Director
$0 $0 $0
MAXINE PHILLIPS TRUSTEE 1.00
Director
$0 $0 $0
PHILIP C FEDERICO TRUSTEE 1.00
Director
$0 $0 $0
RICK BASTINELLI TRUSTEE 1.00
Director
$0 $0 $0
ROBB L MERRITT TRUSTEE 1.00
Director
$0 $0 $0
ROBERT B HOPKINS TRUSTEE 1.00
Director
$0 $0 $0
RONALD PETERSON CHAIRMAN 1.00
Officer Director
$0 $0 $0
SCOTT IODICE TRUSTEE 1.00
Director
$0 $0 $0
STUART WALMAN TRUSTEE 1.00
Director
$0 $0 $0
JASON BISCIOTTI TRUSTEE 1.00
Director
$0 $0 $0
KIRBY BUMPUS TRUSTEE 1.00
Director
$0 $0 $0
WANDA ONEFERU-BEY SECRETARY 1.00
Officer Director
$0 $0 $0
WARNER P MASON TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM N BLAKE TRUSTEE 1.00
Director
$0 $0 $0
DANIEL CHARD TRUSTEE 1.00
Director
$0 $0 $0
CHRISTOPHER CALLAGHAN TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL CHESSER TRUSTEE 1.00
Director
$0 $0 $0
JEFF MASOM TRUSTEE 1.00
Director
$0 $0 $0
DAVID CLAPP TRUSTEE 1.00
Director
$0 $0 $0
NANCY S GRASMICK TRUSTEE 1.00
Director
$0 $0 $0
SANDY HILLMAN TRUSTEE 1.00
Director
$0 $0 $0
THEODORE BAUER TRUSTEE 1.00
Director
$0 $0 $0
TED ROUSE TRUSTEE 1.00
Director
$0 $0 $0
GUY FLYNN TRUSTEE 1.00
Director
$0 $0 $0
CHRIS GIERMEK TRUSTEE 1.00
Director
$0 $0 $0
IRA WEINSTEIN TREASURER 1.00
Officer Director
$0 $0 $0
MICHAEL TSAKALOS TRUSTEE 1.00
Director
$0 $0 $0
R DALE HORN TRUSTEE 1.00
Director
$0 $0 $0
KATHRYN NEWHALL TRUSTEE 1.00
Director
$0 $0 $0
RIAN HARGRAVE TRUSTEE 1.00
Director
$0 $0 $0
CHARLIE VIETH TRUSTEE 1.00
Director
$0 $0 $0
ALEX FLICK TRUSTEE 1.00
Director
$0 $0 $0
GERRY HARTUNG TRUSTEE 1.00
Director
$0 $0 $0
SAMANTHA MANEKIN TRUSTEE 1.00
Director
$0 $0 $0
RICHARD SHER TRUSTEE 1.00
Director
$0 $0 $0
ALEX SMITH TRUSTEE 1.00
Director
$0 $0 $0
G DENNIS O'BRIEN TRUSTEE 1.00
Director
$0 $0 $0
DEBORAH THOMPSON TRUSTEE 1.00
Director
$0 $0 $0
MAC TISDALE TRUSTEE 1.00
Director
$0 $0 $0
MEGAN SPARKS TRUSTEE 1.00
Director
$0 $0 $0
KEVIN DUNBAR TRUSTEE 1.00
Director
$0 $0 $0
STEPH JACKSON TRUSTEE 1.00
Director
$0 $0 $0
JAMES H MOORE JR TRUSTEE 1.00
Director
$0 $0 $0
WENDY BRONFEIN TRUSTEE 1.00
Director
$0 $0 $0
COLIN BROWNE TRUSTEE 1.00
Director
$0 $0 $0
JOHN MCGRORY TRUSTEE 1.00
Director
$0 $0 $0
ELLINGTON WEST TRUSTEE 1.00
Director
$0 $0 $0
LESTER DAVIS TRUSTEE 1.00
Director
$0 $0 $0
SUSAN FLANIGAN TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL PARKER TRUSTEE 1.00
Director
$0 $0 $0
LISA KIRKWOOD TRUSTEE 1.00
Director
$0 $0 $0
REDONDA G MILLER TRUSTEE 1.00
Director
$0 $0 $0
MELANIE O'BRIEN TRUSTEE 1.00
Director
$0 $0 $0
KAREN PRICE-WARD TRUSTEE 1.00
Director
$0 $0 $0
ROY ROUNDTREE TRUSTEE 1.00
Director
$0 $0 $0
DR JOSH SHARFSTEIN TRUSTEE 1.00
Director
$0 $0 $0
BETH SPURGEON TRUSTEE 1.00
Director
$0 $0 $0
TRACY SUTTON TRUSTEE 1.00
Director
$0 $0 $0
KENNETH SVENDSEN TRUSTEE 1.00
Director
$0 $0 $0
KARLO YOUNG TRUSTEE 1.00
Director
$0 $0 $0
JAMES PIPER BOND PRESIDENT & CEO 40.00
Officer
$401,942 $52,408 $454,350
CINDY WADALAVAGE CHIEF FINANCIAL OFFICER 40.00
Officer
$189,998 $21,495 $211,493
CHIJIOKE AKAMIGBO CHIEF OPERATING OFFICER 40.00
Officer
$101,024 $8,216 $109,240
THARA TAYLOR VICE PRESIDENT 40.00
Highest
$147,005 $23,590 $170,595
CHERYL RIVIERE DIRECTOR OF WORKFORCE DEVE 40.00
Highest
$119,990 $10,832 $130,822
MARGARET WARD VP STRATEGIC GROWTH & COMM 40.00
Highest
$131,995 $5,079 $137,074
CHRISTINE TRUETT MANAGING DIRECTOR OF ENIVR 40.00
Highest
$120,490 $15,967 $136,457
TERESA MARTIN MANAGING DIRECTOR NATIONAL CAPITAL REGION 40.00
Highest
$119,990 $11,902 $131,892
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 $11,767,669 $9,928,974 $45,318,949 $1,838,695
2022 $14,455,118 $9,773,048 $43,043,850 $4,682,070
2021 $15,624,815 $10,319,692 $39,550,926 $5,305,123
2020 $10,325,091 $8,711,568 $34,001,681 $1,613,523
2019 $11,553,902 $9,757,531 $28,700,564 $1,796,371
2018 $10,534,117 $8,478,737 $26,863,678 $2,055,380
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