Innovations For Learning Inc
- Assets
- $7.6m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 20
- Location
- Odessa, FL
- Founding
- 06/1993
- Data as of
- 07/2021
- EIN
- 36-3873652
Organization Overview
Innovations For Learning Inc is located in Odessa, FL. The organization was established in 1993. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 07/2021, Innovations For Learning Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Innovations For Learning 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 07/2021, Innovations For Learning Inc generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $3.3m during the year ending 07/2021. 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
THE MISSION OF INNOVATIONS FOR LEARNING IS TO PROVIDE TOOLS AND SERVICES FOR BEGINNING LITERACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INNOVATIONS FOR LEARNING OPERATES THE TUTORMATE PROGRAM WHICH CONNECTS VOLUNTEERS FROM MAJOR CORPORATIONS TO FIRST GRADE STUDENTS FOR 30 MINUTE READ TOGETHER SESSIONS EACH WEEK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roderick Sams Chief Global Partnerships Officer | 40 | $250,000 | |
Kim Whitten Chief Operating Officer | 40 | $240,435 | |
Brian Hides Director Of It | 40 | $143,644 | |
John T Jobe Senior Full Stack Develope | 40 | $136,218 | |
Naila Ahmad Software Developer | 40 | $128,254 | |
Seth J Weinberger Director / President | OfficerTrustee | 50 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $769,490 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $769,490 |
| Total Program Service Revenue | $224,289 |
| Investment income | $1,601 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,080,624 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,086,723 |
| 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 | $574 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,899,776 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $175,119 |
| Payroll taxes | $144,670 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $343,737 |
| Advertising and promotion | $2,126 |
| Office expenses | $5,209 |
| Information technology | $56,927 |
| Royalties | $0 |
| Occupancy | $21,344 |
| Travel | $1,499 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $479 |
| Interest | $598 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,743 |
| Insurance | $18,075 |
| All other expenses | $24,402 |
| Total functional expenses | $3,261,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,376 |
| Savings and temporary cash investments | $3,372,879 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,391 |
| 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 | $1,572 |
| Net Land, buildings, and equipment | $14,494 |
| Investments—publicly traded securities | $4,078,400 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,925 |
| Total assets | $7,585,037 |
| Accounts payable and accrued expenses | $40,450 |
| 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 | $199,000 |
| Total liabilities | $239,450 |
| Net assets without donor restrictions | $0 |
| 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 | $7,345,587 |
| Total liabilities and net assets/fund balances | $7,585,037 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that Innovations For Learning Inc has recieved totaling $338,946.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $92,889 |
The John And Kathleen Schreiber Foundation Lake Forest, IL PURPOSE: CAPACITY BUILDING | $75,000 |
At&t Foundation Dallas, TX PURPOSE: EDUCATION | $36,000 |
Halliburton Charitable Foundation Houston, TX | | $25,000 |
The John And Kathleen Schreiber Foundation Lake Forest, IL PURPOSE: PROGRAM-SPECIFIC COSTS | $25,000 |
Finnegan Family Foundation Chicago, IL PURPOSE: CHICAGO PUBLIC SCHOOLS | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Early Learning Coalition Of Floridas Heartland Inc Port Charlotte, FL | $2,212,537 | $18,405,437 |
Early Learning Coalition Of Okaloosa And Walton Counties Inc Shalimar, FL | $1,559,642 | $16,151,395 |
University Of North Georgia Foundation Inc Dahlonega, GA | $101,168,345 | $9,379,486 |
Usf Financing Corporation Tampa, FL | $387,045,696 | $13,998,407 |
Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin Tampa, FL | $0 | -$8,161,100 |
Southern Assoc Of Colleges And Schools Commission On Colleges Inc Decatur, GA | $21,107,199 | $13,477,936 |
White Hall Enrichment Advancement Team Hayneville, AL | $52,157 | $11,823,582 |
A Gift For Teaching Inc Orlando, FL | $5,328,629 | $9,022,570 |
Ninja Academy Incorporated Hollywood, FL | $2,893,530 | $10,861,940 |
Hillsborough Education Foundation Inc Tampa, FL | $10,731,665 | $10,065,447 |
The Cottage School Educational Resource Center Inc Roswell, GA | $19,413,651 | $9,463,796 |
Slam Foundation Inc Miami, FL | $8,480,329 | $6,817,017 |