Online Learning Consortium Inc
- Assets
- $2.6m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 33
- Location
- Boston, MA
- Founding
- 07/2008
- Data as of
- 12/2021
- 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 12/2021, Online Learning Consortium Inc employed 33 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 12/2021, Online Learning Consortium Inc generated $5.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $6.0m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST INSTITUTIONS OF HIGHER EDUCATION & EDUCATORS INTEGRATE ONLINE EDUCATION BY IMPROVING THE QUALITY, SCALE AND BREADTH OF ONLINE EDUCATION.
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 | $187,565 |
Angela Gunder Chief Academic Officer | Officer | 40 | $135,000 |
Alexander Brandon Case Associate Vp, Strategic Partner | 40 | $127,180 | |
Brenda Weiss-Pesta Director Of Sponsorships | 40 | $114,832 | |
Tanya Joosten Director | Trustee | 2 | $110,000 |
Nicole Weber Associate Vp, Learning | 40 | $109,580 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tanya Joosten Research Projects | 12/30/21 | $110,000 |
Bay View Analytics Hewlett Grant Management | 12/30/21 | $200,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $465,372 |
| All other contributions, gifts, grants, and similar amounts not included above | $467,840 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $933,212 |
| Total Program Service Revenue | $4,570,908 |
| Investment income | $28,792 |
| 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 | $5,536,554 |
| 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. | $511,352 |
| Compensation of current officers, directors, key employees. | $189,031 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,084,157 |
| Pension plan accruals and contributions | $116,608 |
| Other employee benefits | $241,111 |
| Payroll taxes | $201,491 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,878 |
| Fees for services: Accounting | $19,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,969 |
| Fees for services: Other | $351,642 |
| Advertising and promotion | $140,901 |
| Office expenses | $39,202 |
| Information technology | $375,042 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $72,541 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $677,573 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $320,138 |
| Insurance | $17,006 |
| All other expenses | $29,487 |
| Total functional expenses | $6,011,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,136,282 |
| Savings and temporary cash investments | $157,286 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $292,304 |
| 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 | $110,733 |
| Net Land, buildings, and equipment | $321,185 |
| Investments—publicly traded securities | $580,527 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,598,317 |
| Accounts payable and accrued expenses | $364,878 |
| Grants payable | $0 |
| Deferred revenue | $1,207,695 |
| 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 | $1,572,573 |
| Net assets without donor restrictions | $1,025,744 |
| 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 | $2,598,317 |
Grants Awarded
Over the last fiscal year, Online Learning Consortium Inc has awarded $400,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ARIZONA STATE UNIVERSITY PURPOSE: CHARITABLE | $100,000 |
SALT LAKE COMMUNITY COLLEGE PURPOSE: CHARITABLE | $100,000 |
UNIVERSITY OF CENTRAL FLORIDA PURPOSE: CHARITABLE | $100,000 |
NORFOLK STATE UNIVERSITY PURPOSE: CHARITABLE | $10,000 |
IVY TECH COMMUNITY COLLEGE PURPOSE: CHARITABLE | $10,000 |
GEORGIA STATE UNIVERSITY PURPOSE: CHARITABLE | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Online Learning Consortium Inc has recieved totaling $660,029.
| Awarding Organization | Amount |
|---|---|
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR TRACKING OER AWARENESS, ADOPTION, AND USE | $440,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR TRACKING OER AWARENESS, ADOPTION, AND USE | $220,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $29 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |
Workforce Outsource Services Inc Uniondale, NY | $10,340,814 | $13,464,902 |
North Star Academy Foundation Inc New York, NY | $177,913,521 | $11,304,915 |
Hyde Leadership Charter School-Brooklyn Brooklyn, NY | $3,932,564 | $12,878,236 |
Teach Plus Incorporated Boston, MA | $12,001,505 | $12,042,496 |
Onward Israel Internships And Opportunities Ltd New York, NY | $897,895 | $11,379,184 |
Goodwin College Educational Services Inc East Hartford, CT | $19,577 | $10,789,035 |
Education Resource Strategies Inc Watertown, MA | $16,861,900 | $10,099,352 |
Entrepreneurial Ventures In Education Quincy, MA | $4,865,485 | $11,072,937 |
Learning Through An Expanded Arts Program Inc New York, NY | $2,991,832 | $9,986,466 |