Zearn
- Assets
- $56.9m
- Revenue
- $46.0m
- Investments
- $3.9m
- Employees
- 127
- Location
- New York, NY
- Founding
- 08/2014
- Data as of
- 06/2022
- EIN
- 37-1665745
Organization Overview
Zearn is located in New York, NY. The organization was established in 2014. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Zearn employed 127 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Zearn 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, Zearn generated $46.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 53.9% each year . All expenses for the organization totaled $29.0m during the year ending 06/2022. While expenses have increased by 21.5% 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
ZEARN IS THE NONPROFIT EDUCATIONAL ORGANIZATION WHOSE MISSION IS TO INSPIRE ALL KIDS TO LOVE LEARNING MATH. ZEARN IS BEHIND ZEARN MATH, THE MATH LEARNING PLATFORM USED BY 1 IN 4 ELEMENTARY-SCHOOL AND ONE MILLION MIDDLE-SCHOOL STUDENTS NATIONWIDE. IN STATEWIDE ANALYSES, STUDENTS WHO USE ZEARN GREW MATH SCORES 2.5 TIMES MORE THAN MATCHED STUDENTS WHO DIDN'T USE ZEARN. CONSISTENT ZEARN USAGE ALSO RESULTED IN DOUBLE-DIGIT PROFICIENCY GAINS ACROSS STUDENT SUBGROUPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ZEARN IS BEHIND ZEARN MATH, THE MATH LEARNING PLATFORM USED BY 1 IN 4 ELEMENTARY-SCHOOL AND ONE MILLION MIDDLE-SCHOOL STUDENTS NATIONWIDE. ZEARN MATH OFFERS RESEARCH-BASED INSTRUCTIONAL MATERIALS AND DYNAMIC DIGITAL LESSONS. ZEARN MATH INSTRUCTIONAL MATERIALS - INCLUDING 450+ HOURS OF INTERACTIVE DIGITAL LESSONS - ARE FREE FOR TEACHERS AND FAMILIES. ZEARN ALSO OFFERS SCHOOL- AND DISTRICT-WIDE LICENSES AND PROFESSIONAL DEVELOPMENT TO SUPPORT IMPLEMENTATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shalinee Sharma Chief Executive Officer & President | OfficerTrustee | 60 | $523,179 |
Norman Atkins Chair And Director | OfficerTrustee | 3 | $0 |
David Levin Director | Trustee | 1 | $0 |
David Saltzman Director | Trustee | 1 | $0 |
Larry Robbins Director | Trustee | 1 | $0 |
John Bailey Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bread And Butter Digital Llc Marketing - Social Media Engagement | 6/29/22 | $659,500 |
Be Clear Llc Marketing - Communications | 6/29/22 | $162,000 |
Fortnight Post Llc Video Production | 6/29/22 | $135,249 |
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 | $18,607,239 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,607,239 |
| Total Program Service Revenue | $27,433,424 |
| Investment income | $17,288 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$35,977 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,021,974 |
| 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. | $659,541 |
| Compensation of current officers, directors, key employees. | $263,816 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,860,119 |
| Pension plan accruals and contributions | $484,232 |
| Other employee benefits | $665,582 |
| Payroll taxes | $967,531 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $219,167 |
| Fees for services: Accounting | $28,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,634,540 |
| Advertising and promotion | $550,093 |
| Office expenses | $119,908 |
| Information technology | $1,473,418 |
| Royalties | $0 |
| Occupancy | $522,489 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $603,563 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,554,940 |
| Insurance | $64,813 |
| All other expenses | $0 |
| Total functional expenses | $28,955,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $851,932 |
| Savings and temporary cash investments | $30,440,688 |
| Pledges and grants receivable | $3,200,000 |
| Accounts receivable, net | $6,680,312 |
| 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 | $594,306 |
| Net Land, buildings, and equipment | $9,865 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,929,566 |
| Investments—program-related | $0 |
| Intangible assets | $11,118,951 |
| Other assets | $70,144 |
| Total assets | $56,895,764 |
| Accounts payable and accrued expenses | $1,105,853 |
| Grants payable | $0 |
| Deferred revenue | $4,499,560 |
| 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 | $5,605,413 |
| Net assets without donor restrictions | $51,278,704 |
| Net assets with donor restrictions | $11,647 |
| 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 | $56,895,764 |
Grants Awarded
Over the last fiscal year, Zearn has awarded $150,761 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOOL DISTRICT OF UPPER DUBLIN PURPOSE: GRANT TO FUND PORTION OF SALARY FOR STAFF SUPPORTING IMPLEMENTATION OF ZEARN. | $75,610 |
GREECE CENTRAL SCHOOL DISTRICT PURPOSE: GRANT TO FUND PORTION OF SALARY FOR STAFF SUPPORTING IMPLEMENTATION OF ZEARN. | $75,151 |