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Nonprofiteer
← THE LEARNING ALLIANCE INC

Form 990 for tax year 2023

Filed by THE LEARNING ALLIANCE INC.

Totals

Total revenue
$6,900,591
Total expenses
$5,003,499
Contributions and grants received
$6,615,282
Grants paid
$0
Program service revenue
$4,250
Investment income
$271,965
Other revenue
$9,094
Total assets, end of year
$7,953,956
Total liabilities, end of year
$1,116,133
Net assets or fund balances, end of year
$6,837,823
Program services expenses (Part IX)
$4,514,396
Management and general expenses
$223,437
Fundraising expenses
$265,666
Program service expenses (Part III)
$4,514,396

Program services were 90.2% 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.

  • 1a · Federated campaigns

    $192,500

  • 1e · Government grants (contributions)

    $564,851

  • 1f · All other contributions, gifts and grants

    $5,857,931

  • 1g · Noncash contributions included above

    $553,150

  • 2a · Program service revenue: IN SCHOOL IMPACT DEVEL

    total $4,250 · related or exempt $4,250

  • 3 · Investment income

    total $271,965 · excluded $271,965

  • 7a · Gross sales of assets other than inventory

    securities $553,150

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

    securities $553,150

  • 7c · Gain or loss

    securities $0

  • 7d · Net gain or loss

    total $0

  • 11a · Other revenue: OTHER CREDITS

    total $9,094 · related or exempt $9,094

  • 11e · Other revenue, total

    $9,094

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $261,744 · program services $257,861 · management and general $3,883

  • 7 · Other salaries and wages

    total $905,597 · program services $645,168 · management and general $97,322 · fundraising $163,107

  • 10 · Payroll taxes

    total $97,729 · program services $77,104 · management and general $7,322 · fundraising $13,303

  • 11b · Fees: legal

    total $22,187 · program services $22,187

  • 11c · Fees: accounting

    total $17,905 · management and general $17,905

  • 11g · Fees: other

    total $3,076,447 · program services $3,018,913 · management and general $7,834 · fundraising $49,700

  • 13 · Office expenses

    total $21,218 · program services $6,333 · management and general $11,661 · fundraising $3,224

  • 14 · Information technology

    total $22,352 · program services $11,148 · management and general $5,048 · fundraising $6,156

  • 16 · Occupancy

    total $48,628 · program services $11,830 · management and general $36,798

  • 17 · Travel

    total $76,297 · program services $71,778 · fundraising $4,519

  • 19 · Conferences, conventions and meetings

    total $7,677 · program services $6,991 · fundraising $686

  • 20 · Interest

    total $556 · management and general $556

  • 22 · Depreciation, depletion and amortization

    total $10,026 · program services $2,482 · management and general $7,544

  • 23 · Insurance

    total $21,085 · program services $2,348 · management and general $18,737

  • 24a · Other expenses: CURRICULUM & PROGRAM SU

    total $350,787 · program services $327,623 · management and general $2,483 · fundraising $20,681

  • 24b · Other expenses: PROFESSIONAL DEVELOPMEN

    total $56,393 · program services $49,599 · management and general $4,115 · fundraising $2,679

  • 24c · Other expenses: DUES AND FEES

    total $6,830 · program services $3,031 · management and general $2,229 · fundraising $1,570

  • 24d · Other expenses: APPRECIATION & RECOGNIT

    total $41 · fundraising $41

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,653,207 · end of year $1,150,447

  • 2 · Savings and temporary cash investments

    beginning of year $3,386,495 · end of year $4,196,245

  • 3 · Pledges and grants receivable

    beginning of year $760,201 · end of year $2,195,886

  • 4 · Accounts receivable

    beginning of year $3,323 · end of year $2,447

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,678 · end of year $277,954

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

    $65,977

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

    $54,854

  • 10c · Land, buildings and equipment, net

    beginning of year $14,472 · end of year $11,123

  • 12 · Investments: other securities

    beginning of year $2,100,800 · end of year $0

  • 15 · Other assets

    beginning of year $154,036 · end of year $119,854

  • 17 · Accounts payable and accrued expenses

    beginning of year $903,355 · end of year $990,034

  • 25 · Other liabilities

    beginning of year $160,459 · end of year $126,099

  • 27 · Net assets without donor restrictions

    beginning of year $4,322,199 · end of year $4,848,421

  • 28 · Net assets with donor restrictions

    beginning of year $2,703,199 · end of year $1,989,402

Mission and programs · 2023

Mission

TO DRAMATICALLY IMPROVE STUDENT LITERACY BY PROVIDING FRONT LINE EDUCATORS WITH THE KNOWLEDGE, SKILLS, AND TOOLS TO EFFECTIVELY TEACH ALL CHILDREN TO READ.

  • TOTAL STUDENTS AND TEACHERS SERVED APPROXIMATELY 5,200. THE LEARNING ALLIANCE CONNECTS, SUPPORTS, AND CELEBRATES ALL THOSE WHO JOIN THE JOURNEY TO SUPPORT INDIAN RIVER COUNTY'S MOONSHOT MOMENT GOAL: 90% OF ALL THIRD GRADERS READING ON GRADE LEVEL.

    Expenses $4,514,396 · Revenue $13,344

As filed on the 2023 return.

Listed in Part VII

  • Barbara R Hammond

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $159,502
    From this org
    $159,502
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $159,502
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $159,502

  • Elizabeth Woody Remington

    SECRETARY

    Total calculated
    $102,511
    From this org
    $102,511
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Raymond J Oglethorpe

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    10 + 1 related

  • David F Dyer

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    10

  • Andrew Sowers

    TREASURER

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Robert Brackett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Dr Carol Bristol

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Victoria Demuth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Elbridge Gerry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Susan Hunter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Claire Joyce

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Edmund Kelly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Susan Oglesby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Deborah Peniston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Donald B Riefler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Arthur F Ryan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Frank Spitzmiller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Dorothy Sprague

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Burton G Tremaine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Michael White

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 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

  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

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

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
25 November 2024
IRS schema version
2023v5.1
Source object
202423319349300042

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