Online Learning Consortium Inc
- Assets
- $1.5m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 44
- Location
- Boston, MA
- Founding
- 07/2008
- Data as of
- 12/2022
- EIN
- 26-1970287
Organization Overview
Online Learning Consortium Inc is located in Boston, MA. The organization was established in 2008. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, Online Learning Consortium Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Online Learning Consortium 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 12/2022, Online Learning Consortium Inc generated $5.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $6.5m during the year ending 12/2022. 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
TO ASSIST INSTITUTIONS OF HIGHER EDUCATION AND EDUCATORS INTEGRATE AND IMPROVE THE QUALITY OF ONLINE EDUCATION BY IMPROVING THE QUALITY, SCALE, AND BREADTH OF ONLINE EDUCATION VIA PROVIDING RESOURCES, BEST-PRACTICE PUBLICATIONS, QUALITY BENCHMARKING, PRACTITIONER-BASED AND EMPIRICAL RESEARCH AND EXPERT GUIDANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CONFERENCES, WORKSHOPS AND CONSULTING ABOUT THE IMPLEMENTATION AND IMPROVEMENT OF ONLINE EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Mathes Chief Executive Officer | Officer | 40 | $209,577 |
Jennifer Brown Chief Financial Officer | Officer | 40 | $154,834 |
Angela Gunder Chief Academic Officer | Officer | 40 | $143,052 |
Brenda Weiss-Pesta Asst. VP Of Member & Sponsorship | 40 | $122,661 | |
Robert Pope Director Of Technical Operations | 40 | $110,500 | |
Stephanie Hulett Director Of Human Resources | 40 | $105,941 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bay View Analytics Hewlett Grant Management | 12/30/21 | $200,000 |
Tanya Joosten Research Projects | 12/30/21 | $110,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $69,671 |
| All other contributions, gifts, grants, and similar amounts not included above | $671,939 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $741,610 |
| Total Program Service Revenue | $4,791,356 |
| Investment income | $35,546 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,572,643 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $535,920 |
| Compensation of current officers, directors, key employees. | $289,109 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,982,141 |
| Pension plan accruals and contributions | $125,026 |
| Other employee benefits | $285,069 |
| Payroll taxes | $216,153 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,827 |
| Fees for services: Accounting | $20,618 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,110 |
| Fees for services: Other | $333,256 |
| Advertising and promotion | $176,212 |
| Office expenses | $46,865 |
| Information technology | $422,853 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $125,716 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,256,510 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $326,939 |
| Insurance | $15,748 |
| All other expenses | $36,156 |
| Total functional expenses | $6,470,987 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $536,881 |
| Savings and temporary cash investments | $158,688 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $190,983 |
| 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 | $93,014 |
| Net Land, buildings, and equipment | $23,952 |
| Investments—publicly traded securities | $507,328 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,510,846 |
| Accounts payable and accrued expenses | $707,065 |
| Grants payable | $0 |
| Deferred revenue | $777,502 |
| 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 | $1,484,567 |
| Net assets without donor restrictions | $26,279 |
| Net assets with donor restrictions | $0 |
| 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 | $1,510,846 |
Grants Awarded
Over the last fiscal year, Online Learning Consortium Inc has awarded $400,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGIA STATE UNIVERSITY PURPOSE: CHARITABLE | $10,000 |
IVY TECH COMMUNITY COLLEGE PURPOSE: CHARITABLE | $10,000 |
SALT LAKE COMMUNITY COLLEGE PURPOSE: CHARITABLE | $100,000 |
NORFOLK STATE UNIVERSITY PURPOSE: CHARITABLE | $10,000 |
MOHAVE COMMUNITY COLLEGE PURPOSE: CHARITABLE | $10,000 |
BAY PATH UNIVERSITY PURPOSE: CHARITABLE | $10,000 |