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Nonprofiteer
← LENA FOUNDATION

Form 990 for tax year 2023

Filed by LENA FOUNDATION.

Totals

Total revenue
$13,123,770
Total expenses
$9,458,644
Contributions and grants received
$10,157,766
Grants paid
$499,047
Program service revenue
$0
Investment income
$291,586
Other revenue
$2,674,418
Total assets, end of year
$11,830,899
Total liabilities, end of year
$3,420,998
Net assets or fund balances, end of year
$8,409,901
Program services expenses (Part IX)
$7,512,363
Management and general expenses
$1,317,051
Fundraising expenses
$629,230
Program service expenses (Part III)
$7,512,363

Program services were 79.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $10,157,766

  • 3 · Investment income

    total $248,317 · excluded $248,317

  • 7a · Gross sales of assets other than inventory

    securities $43,839

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $570

  • 7c · Gain or loss

    securities $43,839 · other assets -$570

  • 7d · Net gain or loss

    total $43,269 · excluded $43,269

  • 10a · Gross sales of inventory

    $3,774,727

  • 10b · Cost of goods sold

    $1,100,917

  • 10c · Net income from sales of inventory

    total $2,673,810 · related or exempt $2,673,810

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $608 · excluded $608

  • 11e · Other revenue, total

    $608

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $499,047 · program services $499,047

  • 5 · Compensation of officers, directors and key employees

    total $446,054 · program services $379,146 · management and general $66,908

  • 6 · Compensation of disqualified persons

    total $70,634 · program services $60,039 · management and general $10,595

  • 7 · Other salaries and wages

    total $5,066,753 · program services $3,972,057 · management and general $688,457 · fundraising $406,239

  • 9 · Other employee benefits

    total $881,224 · program services $713,791 · management and general $105,747 · fundraising $61,686

  • 10 · Payroll taxes

    total $419,654 · program services $339,920 · management and general $50,358 · fundraising $29,376

  • 11b · Fees: legal

    total $168,691 · program services $50,607 · management and general $118,084

  • 11f · Fees: investment management

    total $31,216 · program services $24,780 · management and general $4,181 · fundraising $2,255

  • 11g · Fees: other

    total $313,629 · program services $231,002 · management and general $64,988 · fundraising $17,639

  • 13 · Office expenses

    total $17,656 · program services $14,016 · management and general $2,365 · fundraising $1,275

  • 14 · Information technology

    total $420,996 · program services $334,198 · management and general $56,387 · fundraising $30,411

  • 16 · Occupancy

    total $480,113 · program services $381,126 · management and general $64,305 · fundraising $34,682

  • 17 · Travel

    total $144,758 · program services $114,913 · management and general $19,388 · fundraising $10,457

  • 19 · Conferences, conventions and meetings

    total $202,213 · program services $160,522 · management and general $27,084 · fundraising $14,607

  • 20 · Interest

    total $36,096 · program services $28,654 · management and general $4,835 · fundraising $2,607

  • 22 · Depreciation, depletion and amortization

    total $168,452 · program services $133,721 · management and general $22,562 · fundraising $12,169

  • 23 · Insurance

    total $56,153 · program services $44,576 · management and general $7,521 · fundraising $4,056

  • 24a · Other expenses: RECRUITING

    total $23,553 · program services $18,697 · management and general $3,155 · fundraising $1,701

  • 24b · Other expenses: LABORATORY AND TESTING

    total $6,501 · program services $6,501

  • 24c · Other expenses: RESEARCH

    total $4,275 · program services $4,275

  • 24d · Other expenses: MISCELLANEOUS

    total $976 · program services $775 · management and general $131 · fundraising $70

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $195,880 · end of year $131,037

  • 2 · Savings and temporary cash investments

    beginning of year $2,131,628 · end of year $6,710,042

  • 3 · Pledges and grants receivable

    beginning of year $2,901,045 · end of year $2,179,903

  • 4 · Accounts receivable

    beginning of year $561,504 · end of year $275,067

  • 8 · Inventories for sale or use

    beginning of year $356,691 · end of year $836,224

  • 9 · Prepaid expenses and deferred charges

    beginning of year $238,765 · end of year $259,274

  • 10a · Land, buildings and equipment: cost or other basis

    $1,693,434

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,276,587

  • 10c · Land, buildings and equipment, net

    beginning of year $577,657 · end of year $416,847

  • 15 · Other assets

    beginning of year $1,267,614 · end of year $1,022,505

  • 17 · Accounts payable and accrued expenses

    beginning of year $766,062 · end of year $732,852

  • 19 · Deferred revenue

    beginning of year $1,055,708 · end of year $1,321,355

  • 25 · Other liabilities

    beginning of year $1,664,239 · end of year $1,366,791

  • 27 · Net assets without donor restrictions

    beginning of year $4,255,860 · end of year $8,008,280

  • 28 · Net assets with donor restrictions

    beginning of year $488,915 · end of year $401,621

Mission and programs · 2023

Mission

LENA FOUNDATION'S MISSION IS TO TRANSFORM CHILDREN'S FUTURES THROUGH EARLY TALK TECHNOLOGY AND DATA-DRIVEN PROGRAMS.

Activities or mission (Part I)

LENA HELPS COMMUNITIES BOOST SCHOOL READINESS AND IMPROVE CHILD OUTCOMES THROUGH EARLY TALK. LENA WORKS WITH A WIDE RANGE OF PARTNER ORGANIZATIONS TO IMPROVE EARLY LANGUAGE ENVIRONMENTS AND BOOST KINDERGARTEN READINESS.

  • LENA FOUNDATION (LENA) TRANSFORMS CHILDREN'S FUTURES THROUGH EARLY TALK TECHNOLOGY AND DATA-DRIVEN PROGRAMS. LENA'S CORE TECHNOLOGY IS THE LENA SYSTEM, THE STANDARD FOR AUTOMATICALLY MEASURING TALK WITH CHILDREN, A CRITICAL FACTOR IN EARLY BRAIN DEVELOPMENT AND PREDICTIVE OF BOTH COGNITIVE AND SOCIAL EMOTIONAL DEVELOPMENT.

    Expenses $7,512,363 · Grants $499,047 · Revenue $2,673,810

As filed on the 2023 return.

Listed in Part VII

  • Alexander F Paul

    SECRETARY/TREASURER

    Total calculated
    $40,144
    From this org
    $12,363
    From related orgs
    $0
    Other
    $27,781
    Hours/week
    32

  • Judith A Paul

    CHAIRMAN

    Total calculated
    $30,490
    From this org
    $20,547
    From related orgs
    $0
    Other
    $9,943
    Hours/week
    32

  • Lee Marshall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christine A Monfort

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carly Roberts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steven F Warren

    FORMER DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephen M Hannon PhD

    PRESIDENT AND CEO

    Total calculated
    $260,715
    From this org
    $230,430
    From related orgs
    $0
    Other
    $30,285
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,102
    Bonus
    $4,000
    Other
    $3,328
    Deferred
    $10,424
    Nontaxable benefits
    $19,861
    Filer's total
    $260,715

  • Carole Brite

    CHIEF FINANCIAL OFFICER

    Total calculated
    $185,339
    From this org
    $154,960
    From related orgs
    $0
    Other
    $30,379
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,717
    Bonus
    $0
    Other
    $2,243
    Deferred
    $7,158
    Nontaxable benefits
    $23,221
    Filer's total
    $185,339

  • Sahar Bou-Ghazale Toukmaji

    HEAD OF TECHNOLOGY INNOVATATION

    Total calculated
    $248,968
    From this org
    $236,069
    From related orgs
    $0
    Other
    $12,899
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,438
    Bonus
    $2,500
    Other
    $2,131
    Deferred
    $10,527
    Nontaxable benefits
    $2,372
    Filer's total
    $248,968

  • Vince Swartout

    CHIEF INFORMATION & OPERATIONS OFFICER

    Total calculated
    $207,793
    From this org
    $179,184
    From related orgs
    $0
    Other
    $28,609
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,782
    Bonus
    $2,500
    Other
    $902
    Deferred
    $8,253
    Nontaxable benefits
    $20,356
    Filer's total
    $207,793

  • Jill Gilkerson PhD

    CHIEF RESEARCH & EVALUATION OFFICER

    Total calculated
    $175,034
    From this org
    $157,593
    From related orgs
    $0
    Other
    $17,441
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,827
    Bonus
    $2,000
    Other
    $766
    Deferred
    $7,122
    Nontaxable benefits
    $10,319
    Filer's total
    $175,034

  • Jodi Whiteman

    DIRECTOR, PARTNERSHIPS AND GROWTH

    Total calculated
    $196,845
    From this org
    $162,196
    From related orgs
    $0
    Other
    $34,649
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,265
    Bonus
    $11,500
    Other
    $431
    Deferred
    $7,100
    Nontaxable benefits
    $27,549
    Filer's total
    $196,845

  • Katharine Correll

    VP OF IMPACT

    Total calculated
    $186,722
    From this org
    $152,855
    From related orgs
    $0
    Other
    $33,867
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,534
    Bonus
    $9,000
    Other
    $321
    Deferred
    $2,736
    Nontaxable benefits
    $31,131
    Filer's total
    $186,722

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
BONUSES ARE AWARDED AT THE DISCRETION OF THE CEO, STEPHEN M. HANNON, PH.D., WITH INPUT FROM THE BOARD SECRETARY, ALEXANDER F. PAUL, BASED ON EACH OFFICER AND EMPLOYEE'S INDIVIDUAL PERFORMANCE DURING THE YEAR.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
19 March 2024
IRS schema version
2023v5.0
Source object
202410809349300631

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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