Earn To Learn Fl Inc

Organization Overview

Earn To Learn Fl Inc is located in Fort Myers, FL. The organization was established in 2012. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Earn To Learn FL Inc employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Earn To Learn FL 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, Earn To Learn FL Inc generated $851.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.4% each year . All expenses for the organization totaled $742.3k during the year ending 12/2021. While expenses have increased by 22.0% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION ENVISIONS A WORLD WITHOUT BARRIERS TO HIGHER EDUCATION TO ENSURE THAT FLORIDA'S STUDENTS GRADUATE ON TIME, CAREER READY, AND WITH MINIMAL STUDENT LOAN DEBT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MATCHED SAVINGS FOR EDUCATION: STUDENTS AND THEIR FAMILIES WHO INCOME- QUALIFY ARE ELIGIBLE TO APPLY FOR A 1,3,OR 4-YEAR TUITION SCHOLARSHIP UPON COMPLETING PERSONAL FINANCE TRAINING AND OPENING A FLORIDA 529 SAVINGS ACCOUNT. THE FUNDS - ETLFL MATCHED SAVINGS FOR EDUCATION SCHOLARSHIP PLUS FLORIDA 529 SAVINGS ACCOUNT - ARE USED FOR TUITION, BOOKS, FEES, AND OTHER APPROVED EDUCATIONAL RELATED EXPENSES AT A FLORIDA STATE UNIVERSITY, COLLEGE, OR CAREER AND TECHNICAL EDUCATION CENTER. SINCE 2016, ETLFL HAS DEMONSTRATED OUTCOMES FOR A NEW APPROACH TO STUDENT DEBT REDUCTION OR ELIMINATION. EARN TO LEARN FL LEVERAGED A MODEST 100,000 U.S. DEPARTMENT OF HEALTH & HUMAN RESOURCES (ASSETS FOR INDEPENDENCE) GRANT IN 2016 INTO A VIABLE AND SCALABLE PROGRAM. IN 6 YEARS ETLFL HAS RAISED OVER 1.8 MILLION IN INDIVIDUAL CORPORATE, AND ACADEMIC INSTITUTION PHILANTHROPY IN FLORIDA TO PROVIDE ANNUALLY RENEWABLE MATCHED SAVINGS FOR EDUCATION SCHOLARSHIPS TO 125+ ELIGIBLE STUDENTS, WITH ADDITIONAL FUTURE STUDENT SCHOLARSHIPS IN INVENTORY PURCHASED AND LEVERAGED THROUGH PARTNERSHIP WITH THE FLORIDA PREPAID COLLEGE FOUNDATION. IN ADDITION TO SCHOLARSHIP FUNDING, THE ELIGIBLE ETLFL STUDENTS WILL AIM TO SAVE OVER 250,000 TO INVEST IN THEIR EDUCATION THROUGH FL 529 ACCOUNTS, WITH ADDITIONAL 529 SAVINGS INCREASING WITH FUTURE SCHOLARSHIP RECIPIENTS. ADDITIONAL FUNDING ALLOWS ETLFL TO FURTHER CONTINUE ITS STRONG SUCCESS IN LEVERAGING FUNDS, SUPPORTING SUSTAINABILITY AND BROADENING THE CURRENT PROGRAM'S SCOPE TO FLORIDA'S OTHER UNIVERSITIES, COLLEGES AND CAREER AND TECHNICAL EDUCATION CENTERS.


NEAR PEER COACHING FOR POSTSECONDARY SUCCESS: ETLFL TRAINS AND DEPLOYS NEAR PEER COACHES TO SUPPORT INCOME CHALLENGED STUDENTS IN THE AREAS OF POSTSECONDARY ACCESS, PERSONAL FINANCE TRAINING, AND CAREER PLANNING. NEAR PEER COACHES SUPPORT STUDENT PREPARATION AND SUCCESS STRATEGIES TO SUCCESSFULLY PURSUE THEIR HIGHER EDUCATION. ETLFL RECRUITS, TRAINS, AND DEPLOYS NEAR PEER SUCCESS COACHES (AMERICORPS MEMBERS) TO PROVIDE NEAR-PEER INTERVENTIONS TO DISADVANTAGED HIGH SCHOOL STUDENTS AND FIRST-GENERATION COLLEGE STUDENTS. BY THE END OF EACH PROGRAM YEAR (AUGUST 1 - JULY 31), THE NEAR PEER SUCCESS COACHES ARE RESPONSIBLE FOR PROVIDING INDIVIDUAL HIGHER EDUCATION ADVISORY INTERVENTIONS TO STUDENTS TO SUCCESSFULLY COMPLETE 1) PERSONAL FINANCE TRAINING, 2) CAREER PLAN DEVELOPMENT, 3) COLLEGE AND MAJORS LIST DEVELOPMENT, 4) POSTSECONDARY APPLICATION STRATEGY, AND 5) SCHOLARSHIP AND FINANCIAL AID STRATEGY. THE NEAR PEER SUCCESS COACHES ALSO LEVERAGE CAREER GUIDANCE COUNSELORS ENGAGED IN IMPLEMENTING COLLEGE AND CAREER FAIRS, CONDUCTING GROUP WORKSHOPS, AND FACILITATING COLLEGE VISITS TO A BROADER POPULATION OF STUDENTS AT EACH PARTNER SERVICE SITE. EACH YEAR, OPPORTUNITIES TO EARN ETLFL MATCHED SAVINGS FOR EDUCATION SCHOLARSHIPS ARE OFFERED TO HIGH SCHOOL SENIORS WITH PRIORITY GIVEN TO STUDENTS WHO HAVE BEEN NEAR PEER SUCCESS COACHED. ALL SCHOLARSHIP RECIPIENTS ARE REQUIRED TO COMPLETE PERSONAL FINANCE TRAINING AND OPEN A FL 529 SAVINGS ACCOUNT PRIOR TO THEIR SCHOLARSHIP AWARD AND TO CONTINUE WORKING WITH A NEAR PEER SUCCESS COACH AFTER THEIR SCHOLARSHIP AWARD. FOR THE PROGRAM YEAR ENDING JULY 31, 2021 (WITH PROGRAM DEVELOPED AND LAUNCHED DURING PANDEMIC AND ASSOCIATED CHALLENGES), 40 NEAR PEER COACHES SERVING 20 HOURS/WEEK WERE RECRUITED, TRAINED & DEPLOYED ON A VIRTUAL PLATFORM SINCE IN PERSON ACCESS TO HIGH SCHOOLS AND COLLEGE CAMPUSES WAS RESTRICTED. THE RESTRICTIONS CREATED DELAYS IN DEPLOYING NEAR PEER COACHES, WHICH ALSO SEVERELY LIMITED THEIR ABILITY TO COACH STUDENTS. WITH THE COVID RESTRICTIONS IN PLACE, AND SUBSEQUENT EXTREMELY LIMITED PROGRAM ENGAGEMENT WITH OUR SERVICE SITES, FIRST YEAR PROGRAM OUTCOMES INCLUDED: -PERSONAL FINANCE TRAINING ENROLLMENT - 133 STUDENTS -PERSONAL FINANCE TRAINING BADGES (MODULES) COMPLETED - 2,667 MODULES -CAREER & COLLEGE READINESS CURRICULUM REGISTRATION - 76 STUDENTS -FAFSA AND FAFSA4CASTER COMPLETED - 100 STUDENTS -NUMBER OF STUDENTS SERVED VIA 1:1 SESSION - 116 STUDENTS -NUMBER OF STUDENTS SERVED VIA GROUP WORKSHOP/OTHER - 201 STUDENTS


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Board, Officers & Key Employees

Name (title)Compensation
Brenda Tate
CEO
$0
Nancy Merolla
Treasurer
$0
Lori Monserrat
Secretary
$0
Lisa Simington
Chair
$0
Kimberly Dye
Director
$0
Amanda Cross
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$20,000
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $104,831
All other contributions, gifts, grants, and similar amounts not included above$694,790
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$819,621
Total Program Service Revenue$9,375
Investment income $19,271
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 $851,451

Grants Awarded

Over the last fiscal year, Earn To Learn Fl Inc has awarded $40,978 in support to 5 organizations.

Grant RecipientAmount

PACE CENTER FOR GIRLS COLLIER

Org PageRecipient Profile

Jacksonville, FL

PURPOSE: SPARK GRANT

$15,675

GIRL SCOUTS OF GULFCOAST FLORIDA

Org PageRecipient Profile

Sarasota, FL

PURPOSE: SPARK GRANT

$10,000

Fort Myers, FL

PURPOSE: GRANT FOR ORGANIZATION PROGRAM

$5,300

HUMAN TRAFFICKING PARTNERSHIP

Org PageRecipient Profile

Fort Myers, FL

PURPOSE: GRANT AGAINST HUMAN TRAFFICKING

$5,003

NEW HORIZONS OF SW FL

Org PageRecipient Profile

Naples, FL

PURPOSE: FALL 2016 ELEVATE HER MATCHING GRANTS

$5,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Earn To Learn Fl Inc has recieved totaling $70,381.

Awarding OrganizationAmount
United Way Suncoast Inc

Tampa, FL

PURPOSE: ALLOCATIONS, DESIGNATIONS, DISASTER RELIEF RESPONSE, GRANTS & PROGRAM IMPACT FUNDING

$55,000
Suncoast Credit Union Foundation

Tampa, FL

PURPOSE: 2021-2022 FUNDING

$10,000
Charities Aid Foundation America

Alexandria, VA

PURPOSE: CHARITABLE DONATION

$5,381
View Grant Recipient Profile

Endowment Analysis

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