Powermylearning Inc
- Assets
- $8.3m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 102
- Location
- New York, NY
- Founding
- 01/1998
- Data as of
- 06/2022
- EIN
- 13-3935309
Organization Overview
Powermylearning Inc is located in New York, NY. The organization was established in 1998. According to its NTEE Classification (U41) the organization is classified as: Computer Science, under the broad grouping of Science & Technology and related organizations. As of 06/2022, Powermylearning Inc employed 102 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Powermylearning 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, Powermylearning Inc generated $9.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $7.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 7 years. 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
POWERMYLEARNING ADVANCES EDUCATIONAL EQUITY NATIONWIDE BY ACTIVATING THE POWER OF COLLABORATION BETWEEN TEACHERS, STUDENTS, AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POWERMYLEARNING PROGRAMS AND SERVICES - POWERMYLEARNING PARTNERS WITH SCHOOLS AND DISTRICTS TO STRENGTHEN THE TRIANGLE OF LEARNING RELATIONSHIPS BETWEEN STUDENTS, TEACHERS AND FAMILIES SO EVERY CHILD SUCCEEDS. POWERMYLEARNING'S PROGRAMS FOR EDUCATION LEADERS, TEACHERS, AND FAMILIES HELP STUDENTS REACH RIGOROUS LEARNING STANDARDS, FOSTER SOCIAL EMOTIONAL LEARNING (SEL), AND PROMOTE CULTURALLY RESPONSIVE EDUCATION PRACTICES. AS A NONPROFIT, WE ARE COMMITTED TO ENSURING ALL STUDENTS HAVE A STRONG LEARNING TRIANGLE SO THEY CAN REACH THEIR FULL POTENTIAL, ESPECIALLY STUDENTS FROM LOW-INCOME COMMUNITIES, STUDENTS WITH LEARNING DIFFERENCES, AND ENGLISH LANGUAGE LEARNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karuppiah Ganesan Managing Director, Tech. & Arc | 40 | $175,368 | |
Mark Malaspina President | Officer | 40 | $166,073 |
Elisabeth Stock Ceo/ Executive Director | Officer | 40 | $164,641 |
Ramya Gopal Managing Director, Product | 40 | $146,857 | |
Sowad Enam Senior Qa Engineer | 40 | $144,225 | |
Ronald Southard Director Of Finance And Admin | 40 | $137,050 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $259,022 |
| Related organizations | $0 |
| Government grants | $2,195,245 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,720,597 |
| Noncash contributions included in lines 1a–1f | $108,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,174,864 |
| Total Program Service Revenue | $1,119,836 |
| Investment income | $744 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$481 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,294,963 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $108,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $406,085 |
| Compensation of current officers, directors, key employees. | $51,440 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,197,768 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $243,004 |
| Payroll taxes | $393,254 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,253 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,182,818 |
| Advertising and promotion | $52,261 |
| Office expenses | $366,770 |
| Information technology | $37,196 |
| Royalties | $0 |
| Occupancy | $2,531 |
| Travel | $26,042 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,110 |
| Interest | -$2,220 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,532 |
| All other expenses | $0 |
| Total functional expenses | $7,223,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,041,420 |
| Savings and temporary cash investments | $1,870,575 |
| Pledges and grants receivable | $1,376,729 |
| Accounts receivable, net | $1,776,673 |
| 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 | $224,348 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,450 |
| Total assets | $8,303,195 |
| Accounts payable and accrued expenses | $657,773 |
| Grants payable | $0 |
| Deferred revenue | $434,443 |
| 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 | $1,092,216 |
| Net assets without donor restrictions | $5,056,875 |
| Net assets with donor restrictions | $2,154,104 |
| 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 | $8,303,195 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Powermylearning Inc has recieved totaling $1,153,652.
| Awarding Organization | Amount |
|---|---|
The Heising-Simons Foundation Los Altos, CA PURPOSE: FOR ENHANCING, IMPLEMENTING, AND ASSESSING FAMILY PLAYLISTS IN THE EARLY GRADES | $500,000 |
Leon Lowenstein Foundation Inc New Haven, CT PURPOSE: CHARITABLE | $250,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $99,620 |
Sergey Brin Family Foundation San Francisco, CA PURPOSE: GENERAL OPERATING SUPPORT | $90,000 |
New Profit Inc Boston, MA PURPOSE: PROGRAM EXPANSION | $60,000 |
Mccance Foundation Tr North Scituate, MA PURPOSE: GENERAL SUPPORT | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Griffiss Institute Inc Rome, NY | $5,351,291 | $13,272,090 |
National Cyber Forensics And Training Alliance Pittsburgh, PA | $13,130,899 | $8,876,225 |
Scratch Foundation Boston, MA | $12,660,412 | $10,034,461 |
Powermylearning Inc New York, NY | $8,303,195 | $9,294,963 |
Software Freedom Conservancy Inc Brooklyn, NY | $6,623,240 | $4,357,006 |
Society For Management Information Systems Mount Laurel, NJ | $1,533,755 | $2,485,460 |
Owasp Foundation Inc Wakefield, MA | $1,369,843 | $2,158,507 |
New York City Foundation For Computer Science Education New York, NY | $1,500,469 | $2,506,361 |
Participatory Culture Foundation Boston, MA | $1,418,302 | $1,710,892 |
Free Software Foundation Inc Boston, MA | $2,824,546 | $1,875,386 |
Entropy Software Foundation Inc Woodbury, NY | $186,783 | $920,000 |
Ethereum Classic Cooperative Llc New York, NY | $5,145,057 | $5,191,092 |