The George B Thomas Sr Learning Academy Inc

EIN: 521962992 501(c)(3) Education

Silver Spring, MD

Total Revenue
$1,589,701
Total Expenses
$1,637,965
Total Assets
$876,958
Net Assets
$781,349
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
MD
Principal Officer
Lakeisha D Lashley Exec Direc
Phone
3012878980
Tax Period
2024-07-01 to 2025-06-30

The George B Thomas Sr Learning Academy Inc, founded in 1995, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024.

Mission

The mission is to accelerate students mastery of core academic subjects and to close the achievement gap. The George B. Thomas Sr. Learning Academy, Inc. has been in in operation since 1986 and has enhanced the academic achievment of 1,000s of children in Montgomery County, MD.

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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 $1,492,086
Program Service Revenue $77,495
Investment Income $4,775
Other Revenue $15,345
TOTAL REVENUE $1,589,701

Expense Breakdown

Grants Paid $2,000
Salaries & Benefits $1,133,517
Fundraising Expenses $72,516
Program Expenses $1,388,362
Other Expenses $502,448
TOTAL EXPENSES $1,637,965

Year-over-Year Comparison

2024 2023 Change
Revenue $1,589,701 $1,626,068 0.0%
Expenses $1,637,965 $1,572,975 +0.0%
Net Income $-48,264 $53,093 -1.9%
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
12
Independent Members
11
Employees
316
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
$31,625
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Khadija F Barkley N/A 25.00
Officer
$0 $31,625 $31,625
James E Rodgers N/A 1.00
Director
$0 $0 $0
Hoan M Dang Member 1.00
Director
$0 $0 $0
Leonard Haynes III Member 0.50
Director
$0 $0 $0
Paul L Scott Treasurer 0.50
Director
$0 $0 $0
Lorenzo O Prillman Member 0.50
Director
$0 $0 $0
Lauren S Peirce Member 0.50
Director
$0 $0 $0
Eric Bailey Member 0.50
Director
$0 $0 $0
Edmund Stevens Member 0.50
Director
$0 $0 $0
Adam D Mckee Member 0.50
Director
$0 $0 $0
Hula C Edmonds N/A 1.00
Officer
$0 $0 $0
David L Hill N/A 0.50
Officer
$0 $0 $0
Lakeisha D Lashley N/A 0.00
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
2025 $1,589,701 $1,637,965 $876,958 $-48,264
2024 No data No data No data No data
2023 $1,714,365 $1,675,280 $930,513 $39,085
2022 $1,531,063 $1,475,880 $848,012 $55,183
2021 $1,815,397 $1,838,715 $812,371 $-23,318
2020 $1,713,284 $1,608,516 $862,692 $104,768
2019 $1,660,417 $1,668,460 $716,024 $-8,043
2018 $1,715,864 $1,616,677 $746,847 $99,187
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