Heart Math Tutoring Inc
- Assets
- $3.2m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 47
- Location
- Charlotte, NC
- Founding
- 07/2014
- Data as of
- 06/2022
- 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 06/2022, Heart Math Tutoring Inc employed 47 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 06/2022, Heart Math Tutoring Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $1.7m during the year ending 06/2022. 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
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 935+ ELEMENTARY STUDENTS IN CHARLOTTE-MECKLENBURG SCHOOLS.97% OF 935 STUDENTS MET PROGRAM GROWTH GOALS SET IN PARTNERSHIP WITH MATH EXPERTS AT CMS AND UNIVERSITY OF NORTH CAROLINA - CHARLOTTE.90% OF TEACHERS BELIEVE STUDENTS CONFIDENCE AND/OR ENTHUSIASM TOWARDS MATH INCREASED AS A RESULT OF THE PROGRAM.98% OF TUTORS OBSERVED IMPROVEMENT IN THEIR STUDENTS MATH SKILLS AND 95% OBSERVED IMPROVEMENT IN STUDENTS CONFIDENCE.
ONE-ON-ONE MATH TUTORING FOR 23 ELEMENTARY STUDENTS IN CHARLESTON COUNTY SCHOOL DISTRICT.100% OF 23 STUDENTS DEMONSTRATED GROWTH IN 2+ CONCEPT AREAS FROM PRE- TO POST-ASSESSMENT, MEETING OR EXCEEDING THE PROGRAM GROWTH GOAL.100% OF TEACHERS BELIEVE STUDENTS CONFIDENCE AND/OR ENTHUSIASM TOWARDS MATH INCREASED AS A RESULT OF THE PROGRAM.100% OF TUTORS OBSERVED IMPROVEMENT IN STUDENTS CONFIDENCE.
IN SUMMER 2021, 92% OF 38 PARTICIPATING STUDENTS GREW IN ONE CONCEPT LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Gaffney Executive Dir. | Officer | 48 | $91,077 |
Sean Christiansen Secretary | OfficerTrustee | 0.25 | $0 |
Ken Rogich Finance Chair | OfficerTrustee | 0.5 | $0 |
Connie Carlson Chair | OfficerTrustee | 2 | $0 |
Anne Leggett Board Member | Trustee | 0.25 | $0 |
Erin Lentz Board Member | Trustee | 0.25 | $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 | $1,441,567 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,441,567 |
| Total Program Service Revenue | $203,000 |
| Investment income | $3,899 |
| 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 | $1,655,845 |
| 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. | $107,746 |
| Compensation of current officers, directors, key employees. | $56,028 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,106,177 |
| Pension plan accruals and contributions | $14,196 |
| Other employee benefits | $71,679 |
| Payroll taxes | $95,817 |
| 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 | $103,173 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $29,894 |
| Royalties | $0 |
| Occupancy | $56,523 |
| Travel | $6,329 |
| 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 | $3,277 |
| Insurance | $10,121 |
| All other expenses | $0 |
| Total functional expenses | $1,665,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $617,333 |
| Savings and temporary cash investments | $2,137,453 |
| Pledges and grants receivable | $392,990 |
| Accounts receivable, net | $49,558 |
| 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 | $16,756 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $3,215,090 |
| Accounts payable and accrued expenses | $23,473 |
| 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 | $68,359 |
| Total liabilities | $91,832 |
| Net assets without donor restrictions | $988,907 |
| Net assets with donor restrictions | $2,134,351 |
| 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 | $3,215,090 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Heart Math Tutoring Inc has recieved totaling $16,000.
| Awarding Organization | Amount |
|---|---|
James Family Foundation Inc Charlotte, NC PURPOSE: SUPPORT MATH TUTORING PROGRAM FOR HIGH-POVERTY AT-RISK STUDENTS | $15,000 |
Page And George Bradham Family Foundation Denver, NC PURPOSE: GENERAL PURPOSE SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Susan B Anthony List Inc Arlington, VA | $6,109,204 | $16,065,131 |
Georgia Advanced Technology Ventures Inc Atlanta, GA | $206,195,666 | $20,980,407 |
North Raleigh Christian Academy Raleigh, NC | $50,620,236 | $15,888,714 |
Seton Home Study School Front Royal, VA | $19,128,742 | $13,590,541 |
Instruction Partners Nashville, TN | $7,038,441 | $15,858,376 |
Centennial Place Academy Inc Atlanta, GA | $7,663,078 | $14,548,051 |
Read Foundation Memphis, TN | $15,946,000 | $13,611,845 |
Strategic Capacity Group Inc Mclean, VA | $1,824,045 | $10,738,430 |
Georgia School Boards Association Workers Compensation Fund Lawrenceville, GA | $82,470,003 | $15,076,432 |
Phoenix Counseling Center Mooresville, NC | $4,757,713 | $10,250,930 |
Nashville Christian Schools Inc Nashville, TN | $15,861,527 | $11,380,929 |
Global Entrepreneurship Network Inc Arlington, VA | $6,928,946 | $10,036,868 |