Logic Creative Labs Inc

Nonprofit profile at a glance

EIN
863555708
IRS 990-EZ coverage
2023–2024
Forms available
Form 990 2022, Form 990-EZ 2024
Location
Woodstock, GA, USA
Phone
6785778247
Rating
86
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$198,689
Expenses
$196,141
Assets
$56,049

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • Shana Silva (President)
  • Tara Meyer (Executive Director)

People named in this filing

  • Shana Silva (President)
  • Kelly Jordan (Member)
  • Leah Wiegand (Member)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide a world class learning center for parents and students engaged in homeschooling for primary and secondary education.

What it reported doing in 2024

Logic Creative Labs served 132 students and 69 families for the duration of the school year. We offered over 30 weeks of instructional content for K 12 students and their families, with over 200 unique class offerings. We provided multiple enrichment activities, including tween and teen nights, yearbook, prom, holiday bazaar and talent shows. The objective of these activities is to offer unique, tangible and quality educational experiences to families that are homeschooling in the area. The organization provides families and students with a chance to learn alongside other homeschooled families. It also provides outside expertise for families where parents are unable to provide direct instruction

Operating model

Revenue model
Earned-program. 90% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 96% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 82
  • Sustainability: 28
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 98.7%; rating input score 99
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 1.3%; rating input score 38; 38th percentile among comparable filings
  • Total-asset coverage ratio: 0.29; rating input score 25; 25th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 6.8%; rating input score 22; 22nd percentile among comparable filings

Growth

  • Program expense growth: 19.3% per year; rating input score 100; 75th percentile among comparable filings
  • Revenue growth: -9.9% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: -4% per year; rating input score 0; 18th percentile among comparable filings

Details

  • Where the money goes: 98.7% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $196K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 7 of 8 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Transparency & Controls: Part I part ii net assets crosscheck did not reconcile in the filed values.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 38/100.
  • High — Sustainability: Total-asset coverage ratio scored 25/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 22/100.