Innovation Learning Center
- Assets
- $135.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Westborough, MA
- Founding
- Data as of
- 06/2022
- EIN
- 47-2748316
Organization Overview
Innovation Learning Center is located in Westborough, MA. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Innovation Learning Center 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, Innovation Learning Center generated $179.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 48.1% each year . All expenses for the organization totaled $90.2k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
INNOVATION LEARNING CENTER INC SUPPORTS AGENCIES AND THEIR PARTNERS IN THEIR WORK TO INNOVATIVELY ENHANCE THE SOCIAL, EMOTIONAL AND EDUCATIONAL DEVELOPMENT OF CHILDREN AND YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Magrane President | 40 | $43,500 | |
Kasey Appleman Director | 1 | $0 | |
Joanne Suarez Director | 1 | $0 | |
Meredith Balderston Director | 1 | $0 | |
Justin Kelly Treasurer | 5 | $0 | |
Chrstopher Mulcahy Clerk | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $177,127 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,479 |
| Total Revenue | $179,610 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $46,771 |
| Professional fees and other payments to independent contractors | $27,573 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $458 |
| Other expenses | $15,366 |
| Total expenses | $90,168 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $49,553 |
| Other assets | $0 |
| Total assets | $135,892 |
| Total liabilities | $0 |
| Net assets or fund balances | $135,892 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Innovation Learning Center has recieved totaling $16.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $16 |
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|---|---|---|
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Public Preparatory Network Inc Bronx, NY | $2,858,866 | $7,875,769 |
National Center For The Improvement Of Educational Assessment Inc Dover, NH | $8,277,343 | $5,732,746 |
Nellco Law Library Consortium Inc Albany, NY | $1,891,684 | $4,822,590 |
Council For Aid To Education Inc New York, NY | $2,451,648 | $5,084,606 |
Capital Preparatory Schools Incorporated Bridgeport, CT | $4,972,601 | $3,901,459 |
Blueprint Schools Network Inc Needham, MA | $3,399,810 | $5,269,995 |
Northeast Charter Schools Network Inc Albany, NY | $2,194,163 | $3,870,808 |
Suny Polytechnic Institute Auxiliary Services Corporation Utica, NY | $5,336,092 | $3,112,245 |
C W Mars Inc Worcester, MA | $3,743,677 | $3,516,194 |