Learnserve International
- Assets
- $823.4k
- Revenue
- $744.2k
- Investments
- $0.0
- Employees
- 32
- Location
- Washington, DC
- Founding
- 02/2009
- Data as of
- 06/2021
- EIN
- 80-0208444
Organization Overview
Learnserve International is located in Washington, DC. The organization was established in 2009. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2021, Learnserve International employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Learnserve International 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 06/2021, Learnserve International generated $744.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $488.2k during the year ending 06/2021. While expenses have increased by 3.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LSI IS AN EDUCATIONAL PROGRAM FOR STUDENTS AND TEACHERS FOCUSING ON SOCIAL ENTREPRENEURSHIP AND GLOBAL LEADERSHIP TRAINING AND SERVICE LEARNING TRIPS TO DEVELOPING NATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEARNSERVE FELLOWS PROGRAM THE 9-MONTH FELLOWS PROGRAM TRAINS STUDENTS IN SOCIAL ENTREPRENEURSHIP. STUDENTS DESIGN SOCIAL VENTURES SOCIAL ACTION PROJECTS AND PITCH THEM TO COMMUNITY PROFESSIONALS. SUCCESSFUL PROPOSALS MAY WIN MATCHING SEED GRANTS UP TO $200 TOWARD IMPLEMENTATION. THE FELLOWS PROGRAM SHIFTED TO VIRTUAL PROGRAMMING IN MARCH 2020 AND CONTINUED VIRTUALLY DURING FY 2020-21 WITH A VIRTUAL CAPSTONE EVENT IN APRIL 2021. IN THE FINANCIAL YEAR ENDING JUNE 30, 2021, 65 STUDENTS PARTICIPATED IN THE FELLOWS PROGRAM, REPRESENTING 30 DC METROPOLITAN AREA SCHOOLS, AND PITCHING 55 VENTURES TO 108 REVIEWERS. DURING 2020-21, WE CONTINUED THE INCUBATOR PROGRAM SUPPORTING THE IMPLEMENTATION OF FELLOWS VENTURES AS YEAR 2 PROGRAM WITH THEIR FINAL PITCH EVENT HELD IN FEBRUARY 2021. 14 STUDENTS FROM 12 DC METROPOLITAN AREA SCHOOLS COMPLETED THAT PROGRAM.
LEARNSERVE ABROAD PROGRAM LEARNSERVE HAD TO CANCEL THE ABROAD PROGRAM IN 2020 DUE TO THE COVID 19 PANDEMIC THAT MADE INTERNATIONAL TRAVEL IMPOSSIBLE. LEARNSERVE SHIFTED TO A VIRTUAL INTERNATIONAL EXCHANGE PROGRAM, THE GLOBAL SUMMER FELLOWSHIP, THAT WAS IMPLEMENTED IN JULY 2020. 40 PARTICIPANTS FROM THE USA AND ZAMBIA JOINED THE VIRTUAL INTERNATIONAL EXCHANGE, PITCHING 35 VENTURES WITH 97 REVIEWERS.
GENERAL PROGRAMS INCLUDES SEEDING SOCIAL INNOVATION, THE IN-SCHOOL SOCIAL ENTREPRENEURSHIP PROGRAM, AND ALL INITIATIVES TO DEVELOP NEW PROGRAMS. IN 2020-21, SEEDING SOCIAL INNOVATION REACHED 15 STUDENTS FROM 1 DC AREA SCHOOLS OR AFTER-SCHOOL PROGRAMS. LEARNSERVE PROVIDED A HACKATHON PROGRAM FOR ONE DC BASED CHARTER SCHOOL IN THREE 5-WEEK PROGRAMS FOR 50 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Rechler CEO | Officer | 40 | $75,342 |
Sabine Keinath COO | Officer | 40 | $75,342 |
Tim Graf Secretary | OfficerTrustee | 1 | $0 |
Philip Eliot Treasurer | OfficerTrustee | 1 | $0 |
Ricardo Neal Chairman | OfficerTrustee | 1 | $0 |
Anna Bennett Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $197,105 |
| Related organizations | $0 |
| Government grants | $10,107 |
| All other contributions, gifts, grants, and similar amounts not included above | $475,370 |
| Noncash contributions included in lines 1a–1f | $9,975 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $682,582 |
| Total Program Service Revenue | $65,333 |
| Investment income | $46 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,790 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $744,171 |
| 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. | $159,851 |
| Compensation of current officers, directors, key employees. | $44,134 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $186,605 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,491 |
| Payroll taxes | $27,855 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,152 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,595 |
| Information technology | $13,145 |
| Royalties | $0 |
| Occupancy | $1,239 |
| Travel | $561 |
| 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 | $10,680 |
| All other expenses | $69 |
| Total functional expenses | $488,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $701,488 |
| Savings and temporary cash investments | $25,543 |
| Pledges and grants receivable | $49,000 |
| Accounts receivable, net | $9,399 |
| 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 | $24,882 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,071 |
| Total assets | $823,383 |
| Accounts payable and accrued expenses | $39,305 |
| Grants payable | $0 |
| Deferred revenue | $4,050 |
| 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 | $43,355 |
| Net assets without donor restrictions | $711,028 |
| Net assets with donor restrictions | $69,000 |
| 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 | $823,383 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Learnserve International has recieved totaling $36,000.
| Awarding Organization | Amount |
|---|---|
Jean T And Heyward G Pelham Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $35,000 |
Guilian Foundation Great Falls, VA PURPOSE: DONATION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Graduate Management Admission Council Reston, VA | $230,212,828 | $77,127,681 |
National Center For Research In Advanced Information & Digital Tec Washington, DC | $0 | $38,475,850 |
Common Application Inc Arlington, VA | $52,971,416 | $52,316,500 |
Longwood University Real Estate Foundation Farmville, VA | $322,438,396 | $31,911,007 |
Education Trust Inc Washington, DC | $60,384,663 | $28,594,144 |
Fwdus Education Fund Inc Washington, DC | $39,522,128 | $52,902,160 |
Chiefs For Change Washington, DC | $30,000,112 | $22,072,365 |
Achieving The Dream Inc Silver Spring, MD | $48,979,373 | $23,156,070 |
Us Ignite Inc Washington, DC | $5,718,790 | $15,311,234 |
Washington Yu Ying Public Charter School Washington, DC | $27,086,728 | $12,170,772 |
National Association For College Admission Counseling Inc Arlington, VA | $22,607,858 | $9,863,408 |
National Alliance For Public Charter Schools Washington, DC | $20,433,842 | $17,753,309 |