The Learning Alliance Inc
- Assets
- $8.0m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 18
- Location
- Vero Beach, FL
- Founding
- 11/2010
- Data as of
- 06/2024
- EIN
- 27-0725986
Organization Overview
The Learning Alliance Inc is located in Vero Beach, FL. The organization was established in 2010. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 06/2024, Learning Alliance Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Learning Alliance 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 06/2024, Learning Alliance Inc generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $5.0m during the year ending 06/2024. While expenses have increased by 13.9% per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO DRAMATICALLY IMPROVE STUDENT LITERACY BY PROVIDING FRONT LINE EDUCATORS WITH THE KNOWLEDGE, SKILLS, AND TOOLS TO EFFECTIVELY TEACH ALL CHILDREN TO READ.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara R Hammond Chief Executive Officer | OfficerTrustee | 40 | $159,502 |
Elizabeth Woody Remington Secretary | OfficerTrustee | 40 | $102,511 |
Raymond J Oglethorpe Chairman | OfficerTrustee | 10 | $0 |
David F Dyer Vice Chairman | OfficerTrustee | 10 | $0 |
Andrew Sowers Treasurer | OfficerTrustee | 5 | $0 |
Robert Brackett Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $192,500 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $564,851 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,857,931 |
| Noncash contributions included in lines 1a–1f | $553,150 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,615,282 |
| Total Program Service Revenue | $4,250 |
| Investment income | $271,965 |
| 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 | $6,900,591 |
| 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. | $261,744 |
| Compensation of current officers, directors, key employees. | $3,883 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $905,597 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $97,729 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,187 |
| Fees for services: Accounting | $17,905 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,076,447 |
| Advertising and promotion | $0 |
| Office expenses | $21,218 |
| Information technology | $22,352 |
| Royalties | $0 |
| Occupancy | $48,628 |
| Travel | $76,297 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,677 |
| Interest | $556 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,026 |
| Insurance | $21,085 |
| All other expenses | $0 |
| Total functional expenses | $5,003,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,150,447 |
| Savings and temporary cash investments | $4,196,245 |
| Pledges and grants receivable | $2,195,886 |
| Accounts receivable, net | $2,447 |
| 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 | $277,954 |
| Net Land, buildings, and equipment | $11,123 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $119,854 |
| Total assets | $7,953,956 |
| Accounts payable and accrued expenses | $990,034 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $126,099 |
| Total liabilities | $1,116,133 |
| Net assets without donor restrictions | $4,848,421 |
| Net assets with donor restrictions | $1,989,402 |
| 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 | $7,953,956 |
Grants Awarded
Over the last fiscal year, The Learning Alliance Inc has awarded $118,902 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KINDERGARTEN READINESS COLLABORATIVE OF INDIAN RIVER COUNTY PURPOSE: TO SUPPORT THE IMPORTANT WORK OF THE KINDERGARTEN READINESS COLLABORATIVE, WHO HAS A SIMILAR MISSION AS THE LEARNING ALLIANCE. | $75,000 |
SCHOOL DISTRICT OF INDIAN RIVER COUNTY PURPOSE: PROVIDE FUNDS FOR CLASSROOM AND SCHOOL PROJECTS NOT NORMALLY FUNDED BY THE SCHOOL DISTRICT. | $43,902 |