Accelerated Learning Foundation
- Assets
- $1.3m
- Revenue
- $228.2k
- Investments
- $92.0k
- Employees
- 0
- Location
- Fairfield, IA
- Founding
- 12/1998
- Data as of
- 12/2021
- EIN
- 38-3423350
Organization Overview
Accelerated Learning Foundation is located in Fairfield, IA. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Accelerated Learning Foundation 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, Accelerated Learning Foundation generated $228.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $256.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
DEVELOPMENT OF ONLINE PROGRAMS OF ACADEMIC GAMES IN MATH AND SOCIAL STUDIES
CREATION & DISTRIBUTION OF ACADEMIC GAMES IN THE FIELD OF MATH & SOC STUDIES
PROVIDE SUBSIDIZED SPACE FOR ARTISTS WORKSPACE AND ART GALLERY
ARCHIVE HISTORICAL DOCUMENTS AUDIO AND VIDEO MATERIALS FOR UNIVERSITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Layman G Allen President | 40 | $48,000 | |
Gail Crotta Director | 20 | $0 | |
John Miller Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,000 |
| Interest on Savings | $23 |
| Dividends & Interest | $0 |
| Net Rental Income | $75,184 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $42,941 |
| Other Income | $5,814 |
| Total Revenue | $228,170 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $81,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $6,197 |
| Interest | $29,639 |
| Taxes | $11,035 |
| Depreciation | $35,852 |
| Occupancy | $72,606 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,254 |
| Total operating and administrative expenses | $256,670 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $256,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,670 |
| Savings and temporary cash investments | $65,043 |
| Net Accounts receivable | $21,013 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $32,320 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $91,956 |
| Net Land, buildings, and equipment | $1,002,366 |
| Other assets | $0 |
| Total assets | $1,307,368 |
| Accounts payable and accrued expenses | $2,584 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $715,251 |
| Other liabilities | $7,260 |
| Total liabilities | $725,095 |
Grants Awarded
Over the last fiscal year, Accelerated Learning Foundation has awarded $71 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHARITY SEEDS PURPOSE: GENERAL FUND EXPENSES | $20 |
DEVI MANDIR PURPOSE: GENERAL FUND EXPENSES | $51 |