Heart Math Tutoring Inc
- Assets
- $5.0m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 110
- Location
- Charlotte, NC
- Founding
- 07/2014
- Data as of
- 06/2024
- EIN
- 46-4366030
Organization Overview
Heart Math Tutoring Inc is located in Charlotte, NC. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2024, Heart Math Tutoring Inc employed 110 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heart Math Tutoring 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, Heart Math Tutoring Inc generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $2.9m during the year ending 06/2024. While expenses have increased by 20.8% 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 ENSURE THAT ALL ELEMENTARY STUDENTS DEVELOP THE STRONG FOUNDATION IN MATH AND ENTHUSIASM FOR ACADEMICS NEEDED FOR LONG-TERM SUCCESS, BY HELPING SCHOOLS USE VOLUNTEERS AS TUTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONE-ON-ONE MATH TUTORING FOR 1,190 ELEMENTARY STUDENTS IN CHARLOTTE-AREA SCHOOLS. 96% OF STUDENTS MET PROGRAM GROWTH GOALS SET IN PARTNERSHIP WITH MATH EXPERTS AT CMS AND UNIVERSITY OF NORTH CAROLINA - CHARLOTTE. 93% OF TEACHERS BELIEVE STUDENTS' CONFIDENCE AND/OR ENTHUSIASM TOWARDS MATH INCREASED AS A RESULT OF THE PROGRAM.
SMALL GROUP MATH INSTRUCTION DELIVERED AFTER SCHOOL BY PAID TUTORS AT RENAISSANCE WEST STEAM ACADEMY. 80% OF 61 ENROLLED STUDENTS MET THEIR FALL TO SPRING MAP MATH GROWTH GOAL.
ONE-ON-ONE MATH TUTORING FOR 118 ELEMENTARY STUDENTS IN CHARLESTON COUNTY SCHOOL DISTRICT. 99% OF 118 STUDENTS DEMONSTRATED GROWTH IN 2+ CONCEPT AREAS FROM PRE- TO POST-ASSESSMENT, MEETING OR EXCEEDING THE PROGRAM GROWTH GOAL. 86% OF TEACHERS BELIEVE STUDENTS' CONFIDENCE AND/OR ENTHUSIASM TOWARDS MATH INCREASED AS A RESULT OF THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Gaffney CEO | Officer | 48 | $106,909 |
Lee Caulder Secretary | OfficerTrustee | 0.5 | $0 |
Niles Brown Board Member | Trustee | 0.25 | $0 |
Silvia Mckenna Finance Chair | OfficerTrustee | 0.5 | $0 |
Brian Nwokedi Chair | OfficerTrustee | 2 | $0 |
Courtney Collins Volunteer Chair | Trustee | 0.5 | $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 | $3,067,329 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,067,329 |
| Total Program Service Revenue | $553,150 |
| Investment income | $61,069 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $63,372 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,747,176 |
| 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. | $113,629 |
| Compensation of current officers, directors, key employees. | $37,497 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,016,711 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $128,674 |
| Payroll taxes | $169,216 |
| 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 | $162,394 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $95,093 |
| Travel | $22,226 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,035 |
| Insurance | $0 |
| All other expenses | $33,955 |
| Total functional expenses | $2,899,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $860,045 |
| Savings and temporary cash investments | $714,423 |
| Pledges and grants receivable | $869,221 |
| Accounts receivable, net | $44,876 |
| 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 | $30,018 |
| Net Land, buildings, and equipment | $11,493 |
| Investments—publicly traded securities | $2,179,854 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,762 |
| Other assets | $300,504 |
| Total assets | $5,018,196 |
| Accounts payable and accrued expenses | $26,850 |
| 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 | $474,291 |
| Total liabilities | $501,141 |
| Net assets without donor restrictions | $1,176,083 |
| Net assets with donor restrictions | $3,340,972 |
| 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 | $5,018,196 |