Passion For Learning Inc
- Assets
- $84.4k
- Revenue
- $100.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Silver Spring, MD
- Founding
- 09/2004
- Data as of
- 06/2024
- EIN
- 51-0513238
Organization Overview
Passion For Learning Inc is located in Silver Spring, MD. The organization was established in 2004. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2024, Passion For Learning Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Passion For Learning 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, Passion For Learning Inc generated $100.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $188.8k during the year ending 06/2024. 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
PROVIDE AFTER SCHOOL DIGITAL TECHNOLOGY ENRICHMENT FOR YOUTH, FOCUSING ON STUDENTS OF COLOR FROM LOW-INCOME FAMILIES. PROVIDE EARLY COLLEGE AWARENESS AND PREPARATION PROGRAMS.HELP STUDENTS THRIVE AND PURSUE THEIR GOALS FOR POST-SECONDARY EDUCATIONS, CREDENTIALS AND CAREERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY GRANT FOR GO2 COLLEGE PROGRAM AND DIGITAL LITERACY FOCUSES ON COMMUNICATION TECHNOLOGY, WITH AN EMPHASIS ON DIGITAL MEDIA INCLUDING VIDEOGRAPHY, SOUNTRACK PRODUCTION AND DIGITAL DESIGN. GO 2 COLLEGE AFTER SCHOOL & SUMMER CAMP PROGRAM HELPS MIDDLE SCHOOL STUDENTS (AND PARENTS) PREPARE FOR HIGH SCHOOL SUCCESS AND COLLEGE READINESS AND ACCESS.
GRRL TECH/STEM ARE OUT OF SCHOOL PROGRAM FOR MIDDLE SCHOOL STUDENTS FROM LOW INCOME FAMILIES IN GRADES 6-8 TO INCREASE THEIR SKILLS AND INTERESTS IN WRITING, INFORMATION AND COMMUNICATION TECHNOLOGIES
YOUTH MEDIA & OTHER UNRESTRICTED PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Ratz Program Manager | 40 | $81,228 | |
Annica Wayman President | Trustee | 20 | $0 |
Jacquline Hilton Trustee | Trustee | 2 | $0 |
Vikram Pant Vice President | Trustee | 2 | $0 |
Thomas Gentileesq Treasurer | Trustee | 2 | $0 |
Jennifer Hosey Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $79,716 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,135 |
| Noncash contributions included in lines 1a–1f | $16,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,851 |
| Total Program Service Revenue | $0 |
| Investment income | $3,047 |
| 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 | $100,898 |
| 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. | $81,278 |
| Compensation of current officers, directors, key employees. | $75,328 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,860 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,742 |
| Payroll taxes | $6,148 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $625 |
| Office expenses | $577 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $11,424 |
| Total functional expenses | $188,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,511 |
| Savings and temporary cash investments | $55,550 |
| Pledges and grants receivable | $4,377 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $84,438 |
| Accounts payable and accrued expenses | $4,697 |
| 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 | $0 |
| Total liabilities | $4,697 |
| Net assets without donor restrictions | $79,741 |
| Net assets with donor restrictions | $0 |
| 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 | $84,438 |