Totals
- Total revenue
- $12,637,646
- Total expenses
- $8,880,966
- Contributions and grants received
- $81,394
- Grants paid
- $289,112
- Program service revenue
- $10,563,120
- Investment income
- $2,038
- Other revenue
- $1,991,094
- Total assets, end of year
- $17,435,341
- Total liabilities, end of year
- $4,209,338
- Net assets or fund balances, end of year
- $13,226,003
- Program services expenses (Part IX)
- $6,131,118
- Management and general expenses
- $2,740,576
- Fundraising expenses
- $9,272
- Program service expenses (Part III)
- $6,131,118
Program services were 69.0% 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
$81,394
-
2a · Program service revenue: MANAGEMENT FEES
total $10,563,120 · related or exempt $10,563,120
-
3 · Investment income
total $2,038 · excluded $2,038
-
6a · Gross rents
real property $1,983,539
-
6c · Rental income or loss
real property $1,983,539
-
6d · Net rental income or loss
total $1,983,539 · related or exempt $1,983,539
-
11a · Other revenue: OTHERS
total $7,555 · related or exempt $7,555
-
11e · Other revenue, total
$7,555
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $226,134 · program services $226,134
-
2 · Grants to domestic individuals
total $62,978 · program services $62,978
-
5 · Compensation of officers, directors and key employees
total $608,155 · program services $447,915 · management and general $160,240
-
7 · Other salaries and wages
total $3,647,748 · program services $2,735,811 · management and general $911,937
-
8 · Pension plan contributions
total $231,378 · program services $138,827 · management and general $92,551
-
9 · Other employee benefits
total $524,087 · program services $314,450 · management and general $209,637
-
10 · Payroll taxes
total $299,438 · program services $179,663 · management and general $119,775
-
11b · Fees: legal
total $136,941 · program services $82,165 · management and general $54,776
-
11c · Fees: accounting
total $28,125 · program services $16,875 · management and general $11,250
-
11g · Fees: other
total $310,769 · program services $185,693 · management and general $123,796 · fundraising $1,280
-
12 · Advertising and promotion
total $105,066 · program services $63,040 · management and general $42,026
-
13 · Office expenses
total $409,128 · program services $244,608 · management and general $163,071 · fundraising $1,449
-
14 · Information technology
total $80,166 · program services $48,100 · management and general $32,066
-
16 · Occupancy
total $880,984 · program services $549,332 · management and general $331,652
-
17 · Travel
total $22,717 · program services $13,619 · management and general $9,080 · fundraising $18
-
20 · Interest
total $171,027 · program services $128,270 · management and general $42,757
-
22 · Depreciation, depletion and amortization
total $269,158 · program services $161,495 · management and general $107,663
-
23 · Insurance
total $155,814 · program services $93,488 · management and general $62,326
-
24a · Other expenses: MISCELLANEOUS
total $347,079 · program services $208,247 · management and general $138,832
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $225,673 · program services $135,404 · management and general $90,269
-
24c · Other expenses: STAFF DEVELOPMENT
total $105,858 · program services $79,394 · management and general $26,464
-
24d · Other expenses: EQUIPMENT
total $24,934 · program services $14,960 · management and general $9,974
-
24e · All other expenses
total $7,609 · program services $650 · management and general $434 · fundraising $6,525
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,795,330 · end of year $635,829
-
4 · Accounts receivable
beginning of year $43,150 · end of year $242,122
-
7 · Other notes and loans receivable
beginning of year $951,863 · end of year $661,023
-
9 · Prepaid expenses and deferred charges
beginning of year $3,308,090 · end of year $66,625
-
10a · Land, buildings and equipment: cost or other basis
$13,146,408
-
10b · Land, buildings and equipment: accumulated depreciation
$1,113,873
-
10c · Land, buildings and equipment, net
beginning of year $6,898,584 · end of year $12,032,535
-
14 · Intangible assets
beginning of year $8,354 · end of year $32,000
-
15 · Other assets
beginning of year $129,332 · end of year $3,765,207
-
17 · Accounts payable and accrued expenses
beginning of year $57,090 · end of year $123,755
-
19 · Deferred revenue
beginning of year $50,490 · end of year $16,128
-
23 · Secured mortgages and notes payable
beginning of year $3,507,388 · end of year $3,292,342
-
25 · Other liabilities
beginning of year $50,412 · end of year $777,113
-
27 · Net assets without donor restrictions
beginning of year $9,469,323 · end of year $13,226,003
Mission and programs · 2022
Mission
ILEARN SCHOOLS, INC. IS A NON-PROFIT CHARTER MANAGEMENT ORGANIZATION (CMO) THAT PROVIDES SPECIALIZED EDUCATIONAL AND MANAGEMENT SERVICE INCLUDING OPERATIONAL AND ADMINISTRATIVE SUPPORT FOR SCHOOLS.
Activities or mission (Part I)
ILEARN SCHOOLS, INC. IS A NON-PROFIT CHARTER MANAGEMENT ORGANIZATION (CMO) THAT PROVIDES SPECIALIZED EDUCATIONAL AND MANAGEMENT SERVICES INCLUDING OPERATIONAL AND ADMINISTRATIVE SUPPORT FOR SCHOOLS.
-
ILEARN SCHOOLS, INC. IS A NON-PROFIT CHARTER MANAGEMENT ORGANIZATION (CMO) THAT PROVIDES SPECIALIZED EDUCATIONAL AND MANAGEMENT SERVICES INCLUDING OPERATIONAL AND ADMINISTRATIVE SUPPORT FOR SCHOOLS. DURING THE YEAR ENDED JUNE 30, 2023, IT SUPPORTED FIVE CHARTER SCHOOLS (FOUR IN NEW JERSEY AND ONE IN THE BRONX, NEW YORK CITY).
Expenses $6,131,118 · Grants $289,112 · Revenue $12,554,214
As filed on the 2022 return.
Listed in Part VII
-
Nihat GuvercinNIHAT GUVERCIN
CEO
- Total calculated
- $236,918
- From this org
- $216,002
- From related orgs
- $0
- Other
- $20,916
- Hours/week
- 39 + 1 related
Schedule J breakdown matched by us
- Base
- $216,002
- Bonus
- not reported
- Other
- not reported
- Deferred
- $20,916
- Nontaxable benefits
- not reported
- Filer's total
- $236,918
-
Yanivis HageYANIVIS HAGE
CHIEF TALENT
- Total calculated
- $169,805
- From this org
- $151,943
- From related orgs
- $0
- Other
- $17,862
- Hours/week
- 39 + 1 related
Schedule J breakdown matched by us
- Base
- $151,943
- Bonus
- not reported
- Other
- not reported
- Deferred
- $17,862
- Nontaxable benefits
- not reported
- Filer's total
- $169,805
-
Aaron KulAARON KUL
COO
- Total calculated
- $166,478
- From this org
- $146,559
- From related orgs
- $0
- Other
- $19,919
- Hours/week
- 39 + 1 related
Schedule J breakdown matched by us
- Base
- $146,559
- Bonus
- not reported
- Other
- not reported
- Deferred
- $19,919
- Nontaxable benefits
- not reported
- Filer's total
- $166,478
-
Ferit OrcunFERIT ORCUN
CHIEF INNOVA
- Total calculated
- $160,588
- From this org
- $141,080
- From related orgs
- $0
- Other
- $19,508
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $141,080
- Bonus
- not reported
- Other
- not reported
- Deferred
- $19,508
- Nontaxable benefits
- not reported
- Filer's total
- $160,588
-
Mustafa CobanMUSTAFA COBAN
CFO
- Total calculated
- $159,536
- From this org
- $145,909
- From related orgs
- $0
- Other
- $13,627
- Hours/week
- 39 + 1 related
Schedule J breakdown matched by us
- Base
- $145,909
- Bonus
- not reported
- Other
- not reported
- Deferred
- $13,627
- Nontaxable benefits
- not reported
- Filer's total
- $159,536
-
Fahri ArslanFAHRI ARSLAN
DIR. OF FACI
- Total calculated
- $158,112
- From this org
- $138,759
- From related orgs
- $0
- Other
- $19,353
- Hours/week
- 39 + 1 related
Schedule J breakdown matched by us
- Base
- $138,759
- Bonus
- not reported
- Other
- not reported
- Deferred
- $19,353
- Nontaxable benefits
- not reported
- Filer's total
- $158,112
-
Gurkan KoseGURKAN KOSE
CHIEF ACAD.
- Total calculated
- $151,420
- From this org
- $141,030
- From related orgs
- $0
- Other
- $10,390
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $141,030
- Bonus
- not reported
- Other
- not reported
- Deferred
- $10,390
- Nontaxable benefits
- not reported
- Filer's total
- $151,420
-
Marjorie RenahanMARJORIE RENAHAN
CHIEF SPECIA
- Total calculated
- $129,625
- From this org
- $121,012
- From related orgs
- $0
- Other
- $8,613
- Hours/week
- 40
-
Jose MartinezJOSE MARTINEZ
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Glenny AdamesGLENNY ADAMES
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Perno YoungPERNO YOUNG
TREASURER
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Ozgur DogruOZGUR DOGRU
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2 + 1 related
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
None.
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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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
-
ILEARN FACILITY DEVELOPMENT INC
$226,134
ASSISTANCE
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
ILEARN FACILITY DEVELOPMENT INC
501C3 · PERFORM FU · NJ · controlled entity
Directly controlled by ILEARN SCH
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441369349318909
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.