Learning Ally Inc
- Assets
- $38.6m
- Revenue
- $31.4m
- Investments
- $17.2m
- Employees
- 196
- Location
- Princeton, NJ
- Founding
- 11/1992
- Data as of
- 06/2022
- EIN
- 13-1659345
Organization Overview
Learning Ally Inc is located in Princeton, NJ. The organization was established in 1992. According to its NTEE Classification (P86) the organization is classified as: Blind & Visually Impaired Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Learning Ally Inc employed 196 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Learning Ally Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Learning Ally Inc generated $31.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $27.8m during the year ending 06/2022. While expenses have increased by 7.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LEARNING ALLY IS A LEADING NATIONAL NONPROFIT EDUCATION SOLUTIONS ORGANIZATION DEDICATED TO EQUIPPING EDUCATORS WITH PROVEN SOLUTIONS THAT HELP STRUGGLING LEARNERS TO REACH THEIR POTENTIAL SEE ATTACHMENT 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATTACHMENT 2
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Friedman President & CEO | Officer | 60 | $625,005 |
Lee Peters COO | 50 | $276,783 | |
Tim Wilson CFO | Officer | 50 | $244,053 |
Jeffery Ho Cmlio | 50 | $234,749 | |
Robert A Edenzon VP Of Sales | 50 | $233,565 | |
Carole A Williams Dir., Dist. Partnerships, Ne | 50 | $229,660 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Howard Sloan Search Inc Recruiting Firm | 6/29/22 | $141,666 |
Limelight Networks Data Storage | 6/29/22 | $139,555 |
Oracle America Inc Software Firm | 6/29/22 | $187,565 |
Faircom New York Inc Direct Marketing | 6/29/22 | $462,381 |
Nsr Holdings Inc Consulting Marketing | 6/29/22 | $165,692 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,359,851 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,236,780 |
| Noncash contributions included in lines 1a–1f | $22,685 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,596,631 |
| Total Program Service Revenue | $12,445,478 |
| Investment income | $3,025,746 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $35,938 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,855,808 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,390,401 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,000 |
| Grants and other assistance to domestic individuals. | $45,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,259,871 |
| Compensation of current officers, directors, key employees. | $1,309,338 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,786,958 |
| Pension plan accruals and contributions | $131,410 |
| Other employee benefits | $1,123,564 |
| Payroll taxes | $1,158,838 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $254,536 |
| Fees for services: Accounting | $97,136 |
| Fees for services: Lobbying | $51,368 |
| Fees for services: Fundraising | $461,032 |
| Fees for services: Investment Management | $8,642 |
| Fees for services: Other | $3,784,083 |
| Advertising and promotion | $555,298 |
| Office expenses | $671,872 |
| Information technology | $1,263,839 |
| Royalties | $0 |
| Occupancy | $260,359 |
| Travel | $421,181 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $123,573 |
| Interest | $5,070 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $181,419 |
| Insurance | $127,018 |
| All other expenses | $9,750 |
| Total functional expenses | $27,792,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,095,396 |
| Pledges and grants receivable | $3,982,214 |
| Accounts receivable, net | $5,634,699 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,146,248 |
| Net Land, buildings, and equipment | $969,744 |
| Investments—publicly traded securities | $490,635 |
| Investments—other securities | $17,164,356 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,079,304 |
| Total assets | $38,562,596 |
| Accounts payable and accrued expenses | $3,627,661 |
| Grants payable | $0 |
| Deferred revenue | $9,218,684 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,846,345 |
| Net assets without donor restrictions | $3,789,597 |
| Net assets with donor restrictions | $21,926,654 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $38,562,596 |
Grants Awarded
Over the last fiscal year, Learning Ally Inc has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLOTTESVILLE CITY SCHOOLS PURPOSE: TO SUPPORT SPECIAL EDUC. PROGRAMS | $15,000 |
PEFCA PURPOSE: TO SUPPORT SPECIAL EDUC. PROGRAMS | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Learning Ally Inc has recieved totaling $15,400.
| Awarding Organization | Amount |
|---|---|
St Vincent De Paul Foundation Inc Peekskill, NY PURPOSE: TO AID AND ADVANCE THE WELFARE, DEVELOPMENT AND EDUCATION OF INDIGENT, DISTRESSED OR UNDERPRIVILEGED CHILDREN. | $15,000 |
Liddy Fam Foundation Tr Westport, CT PURPOSE: UNRESTRICTEDGRANT | $200 |
Isadore And Rose Goldstein Family Foundation Inc Louisville, KY PURPOSE: GENERAL OPERATING FUND | $200 |
Endowment Analysis
| Beg. Balance | $15,850,375 |
| Earnings | -$2,708,891 |
| Other Expense | $690,010 |
| Ending Balance | $12,451,474 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Helen Keller Services Brooklyn, NY | $124,201,527 | $36,076,194 |
Guiding Eyes For The Blind Inc Yorktown Heights, NY | $122,120,627 | $42,129,166 |
The Seeing Eye Inc Morristown, NJ | $385,225,116 | $33,620,552 |
Learning Ally Inc Princeton, NJ | $38,562,596 | $31,390,401 |
Association For The Blind And Visually Impaired-Goodwill Industr Rochester, NY | $38,384,000 | $14,634,022 |
Via Visually Impaired Advancement Buffalo, NY | $14,312,562 | $14,987,718 |
Keystone Blind Association Hermitage, PA | $7,368,800 | $13,832,538 |
Visions Services For The Blind And Visually Impaired New York, NY | $132,242,399 | $14,332,092 |
North Central Sight Services Inc Williamsport, PA | $12,090,988 | $11,041,823 |
Visioncorps Lancaster, PA | $39,668,941 | $11,840,915 |
Jewish Guild For The Blind New York, NY | $68,568,868 | $9,629,979 |
Guide Dog Foundation For The Blind Inc Smithtown, NY | $48,826,109 | $13,918,395 |