The Learning Exchange Inc in Kansas City, Missouri (MO)

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The Learning Exchange Inc
Employer Identification Number (EIN)237243304
Name of OrganizationThe Learning Exchange Inc
In Care of NameGREG SWARTZ
Address8300 Ne Underground Drive Pilar, Kansas City, MO 64161
WebsiteNA
ActivitiesOther school related activities, Other instruction and training
SubsectionCharitable Organization
Ruling Date12/1972
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2013
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$1,640,870
Amount of Income$3,563,898
Form 990 Revenue Amount$3,563,898
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Management & Technical Assistance


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Amount of income in 2013: $3,563,898
This organization: 

 $3,563,898
Other organizations performing similar types of work: 

 $5,960,158

Assets in 2013: $1,640,870
The Learning Exchange Inc: 

 $1,640,870
Other organizations performing similar types of work: 

 $24,743,669

Expenses in 2013: $4,649
The Learning Exchange Inc: 

 $4,649
Other organizations performing similar types of work: 

 $4,279,796

Income to expenses ratio in 2013: 766.6
This organization: 

 766.6
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2001: 89.0%
This organization: 

 89.0%
Other organizations performing similar types of work: 

 88.9%

Number of employees in 2001: 60
This organization: 

 60
Other organizations performing similar types of work: 

 19

Employees paid over $50,000 in 2001: 20.0%
This organization: 

 20.0%
Other organizations performing similar types of work: 

 20.0%

Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20122013
Total revenue$1,204$3,509
Contributions, gifts, grants, and similar amounts received$0$0
Program service revenue including government fees and contracts$0$0
Membership dues and assessments$0$0
Investment income$0$0
Gain/Loss from sale of assets other than inventory$0$0
Net income/loss from gaming and fundraising events$0$0
Gross profit/loss from sales of inventory$0$0
Other revenue$1,204$3,509
Total expenses$1,964$4,649
Total net assets$-425,218$11,887
Excess/Deficit for the year$-760$-1,140
Net assets or fund balances at beginning of year$-424,458$-425,218
Other changes in net assets or fund balances$0$438,245
Net assets or fund balances at end of year$11,887
Balance Sheets
20122013
Total assets$11,447$11,887
Total liabilities$436,665$0
Net assets or fund balances$-425,218$11,887
Other Information
20122013
Did the organization engage in any significant activity not previously reported to the IRS?No
Were any significant changes made to the organizing or governing documents?No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNo
Has the organization filed a Form 990-T for the year?No
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?No
Amount of political expenditures, direct or indirect$0
Did the organization file Form 1120-POL for this year?No
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?No
Total amount involved$0
Initiation fees and capital contributions$0$0
Gross receipts for public use of club facilities$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?No
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$0
Subtotal Support$0
Gifts, grants, contributions, and membership fees received$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$25,053
Public Support$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$25,053
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001
Total revenue$3,525,696$3,563,898
Contributions, gifts, grants, and similar amounts received$2,508,256$2,231,543
Contributions to donor advised funds
Direct public support$1,494,895$1,798,474
Indirect public support$0$0
Government contributions (grants)$1,013,361$433,069
Program service revenue including government fees and contracts$966,268$1,035,184
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$16,295$814
Dividends and interest from securities$0$0
Net rental income or (loss)$0$0
Gross rents$0$0
Less: rental expenses$0$0
Other investment income$1,622$2,334
Gain or (loss) from sales of assets other than inventory$0$0
Gross amount from sales of assets other than inventory$0$0
Less: cost or other basis and sales expenses$0$0
Net income or (loss) from special events and activities$0$0
Gross revenue$0$0
Less: direct expenses other than fundraising expenses$0$0
Gross profit or (loss) from sales of inventory$196$15,276
Gross sales of inventory, less returns and allowances$35,743$31,944
Less: cost of goods sold$35,547$16,668
Other revenue$33,059$278,747
Total expenses$4,745,466$4,306,570
Program services$3,620,736$3,832,320
Management and general$992,385$355,606
Fundraising$132,345$118,644
Payments to affiliates$0$0
Net assets or fund balances at end of year$2,516,943$1,640,870
Excess or (deficit) for the year$-1,219,770$-742,672
Net assets or fund balances at beginning of year$3,736,713$2,516,943
Other changes in net assets or fund balances$0$-133,401
Statement of Functional Expenses (for 2001)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$4,306,570$3,832,320$355,606$118,644
Grants paid from donor advised funds
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$410,000$364,849$33,855$11,296
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$1,517,542$1,350,427$125,308$41,807
Pension plan contributions not included above$-60,541$-53,874$-4,999$-1,668
Employee benefits not included above$-7,442$-6,622$-615$-205
Payroll taxes$142,975$127,230$11,806$3,939
Professional fundraising fees$0$0$0$0
Accounting fees$13,976$12,437$1,154$385
Legal fees$19,781$17,603$1,633$545
Supplies$47,003$41,827$3,881$1,295
Telephone$43,903$39,068$3,625$1,210
Postage and shipping$24,479$21,783$2,022$674
Occupancy$363,935$323,858$30,051$10,026
Equipment rental and maintenance$19,193$17,079$1,585$529
Printing and publications$58,088$51,692$4,796$1,600
Travel$48,275$42,959$3,986$1,330
Conferences, conventions, and meetings$37,973$33,791$3,136$1,046
Interest$22,219$19,772$1,835$612
Depreciation, depletion, etc.$513,511$456,962$42,402$14,147
Other expenses not covered above$1,091,700$971,479$90,145$30,076
Balance Sheets
20002001
Total assets$3,226,274$2,674,544
Cash - non-interest-bearing$2,163$32,037
Savings and temporary cash investments$0$0
Accounts receivable less allowance for doubtful accounts$107,564$97,616
Pledges receivable less allowance for doubtful accounts$52,500$97,500
Grants receivable$150,769$0
Receivables from current and former officers, directors, trustees, and key employees$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$16,283$16,748
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$1,000$17,052
Investments - publicly-traded securities
Investments - other securities$680$680
Investments - land, buildings, and equipment less accumulated depreciation$0$0
Investments - other$0$0
Land, buildings, and equipment less accumulated depreciation$2,890,315$2,407,911
Other assets, including program-related investments$5,000$5,000
Total liabilities$709,331$1,033,674
Accounts payable and accrued expenses$228,674$511,991
Grants payable$0$0
Deferred revenue$20,191$200,297
Loans from officers, directors, trustees, and key employees$0$0
Tax-exempt bond liabilities$0$0
Mortgages and other notes payable$0$21,386
Other liabilities$460,466$300,000
Total liabilities and net assets/fund balances$3,226,274$2,674,544
Total net assets or fund balances$2,516,943$1,640,870
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001
Total revenue$3,525,696$3,563,898
Total revenue, gains, and other support per audited financial statements$3,525,696$3,563,898
Other expenses$0$0
Net unrealized gains on investments$0$0
Donated services and use of facilities$0$0
Recoveries of prior year grants$0$0
Other$0$0
Other revenue$0$0
Investment expenses$0$0
Other$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001
Total expenses$4,745,466$4,306,570
Total expenses and losses per audited financial statements$4,745,466$4,565,442
Other revenue$0$258,872
Donated services and use of facilities$0$0
Prior year adjustments$0$0
Losses$0$0
Other$0$258,872
Other expenses$0$0
Investment expenses$0$0
Other$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 200660
Analysis of Income-Producing Activities (for 2001)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$15,276$3,148$1,313,931
Program service revenue
Program service revenue 1000000$000$0$382,023
Program service revenue 2000000$000$0$653,161
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$814$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$0Royalty income excluded by section 512(b)(2)$2,334$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventoryMiscellaneous store retailers$15,27600$0$0
Other revenue000000$000$0$278,747
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2001)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2001)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$61,500$0$0
$65,000$0$0
$60,000$0$0
$60,000$0$0
$56,500$0$0
Total number of other employees paid over $50,0007
Statements About Activities (for 2001)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
19992000
Total$5,453,145$3,794,452
Gifts, grants, and contributions received$4,094,890$2,811,693
Membership fees received$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$1,293,187$966,268
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$50,203$16,295
Net income from unrelated business activities not included above$14,865$196
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0
Other income$0$0
Lobbying Expenditures by Electing Public Charities (for 2001)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Number of organizations performing similar types of work
Alaska1
Alabama2
California3
Connecticut1
District of Columbia1
Florida2
Iowa1
Massachusetts3
Michigan1
Missouri1
New Jersey1
New York2
Ohio1
Oklahoma1
Oregon1
Texas1
Virginia1
Total24

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