Invent Learning Hub
- Assets
- $3.3m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 30
- Location
- Indianapolis, IN
- Founding
- 02/2019
- Data as of
- 06/2022
- EIN
- 82-5228511
Organization Overview
Invent Learning Hub is located in Indianapolis, IN. The organization was established in 2019. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Invent Learning Hub employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Invent Learning Hub 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, Invent Learning Hub generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 52.4% each year . All expenses for the organization totaled $2.2m during the year ending 06/2022. While expenses have increased by 57.1% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
INVENT LEARNING HUB USES PERSONALIZED LEARNING AND DESIGN THINKING EXPERIENCES TO GROW COLLABORATIVE, ENTREPRENEURIAL PROBLEM-SOLVERS WHO LEAVE ILH WITH AN INDIVIDUALIZED POST-SECONDARY SUCCESS PLAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS YEAR OUR PROGRAMMING WAS BACK TO FULLY IN PERSON. WE FUNCTIONED AS A FULLY STAFFED BUILDING COMING OUT OF THE PANDEMIC. WE WERE ABLE TO OFFER SEVERAL AFTER SCHOOL OPPORTUNITIES FOR STUDENTS AND FAMILIES.
WE CONTINUED TO PROVIDE AFTERCARE THROUGH OUR PARTNERSHIP WITH SOUTHEAST COMMUNITY SERVICES. WE RECEIVED A LARGE GRANT TO HELP SUPPORT OUR WORK WITH SEL AND STUDENT SUPPORT IN OUR SCHOOL AS WELL.
WE CONTINUED WITH OUR SPECIAL PROGRAMMING OF DESIGN THINKING CLASSES AND PATHWAYS WITH OUR STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aleicha Ostler Executive Director | Officer | 40 | $133,824 |
Joshua Edwards Administrative Assistant | Officer | 40 | $32,920 |
Paul Smith Board Chair | OfficerTrustee | 2 | $0 |
Tyler Ewigleben Board Vice-Chair | OfficerTrustee | 1 | $0 |
Trevor Butler Board Treasurer | OfficerTrustee | 1 | $0 |
Kierstin Janik Board Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,549,533 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,885 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,574,418 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $2,600,488 |
| 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. | $191,108 |
| Compensation of current officers, directors, key employees. | $78,149 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $884,769 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $80,414 |
| Payroll taxes | $64,368 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,050 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $170,944 |
| Advertising and promotion | $13,216 |
| Office expenses | $55,548 |
| Information technology | $13,041 |
| Royalties | $0 |
| Occupancy | $95,645 |
| Travel | $3,002 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $96,019 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $123,205 |
| Insurance | $47,123 |
| All other expenses | $10,527 |
| Total functional expenses | $2,198,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,177,369 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $179,705 |
| 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 | $1,931,267 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,288,341 |
| Accounts payable and accrued expenses | $61,758 |
| 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 | $1,377,514 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,439,272 |
| Net assets without donor restrictions | $1,849,069 |
| 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 | $3,288,341 |