Powermylearning Inc
- Assets
- $5.9m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 124
- Location
- New York, NY
- Founding
- 01/1998
- Data as of
- 06/2023
- 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 06/2023, Powermylearning Inc employed 124 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 06/2023, Powermylearning Inc generated $6.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $8.4m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
POWERMYLEARNING PROGRAMS AND SERVICES - POWERMYLEARNING WORKS HAND-IN-HAND WITH EDUCATORS TO FOSTER EQUITABLE LEARNING ENVIRONMENTS THAT EMPOWER EACH STUDENT TO THRIVE ACADEMICALLY, SOCIALLY, AND EMOTIONALLY. WE PARTNER WITH SCHOOLS AND DISTRICTS TO PROVIDE PROFESSIONAL LEARNING (INCLUDING COACHING) TO K-12 TEACHERS AND SCHOOL LEADERS. FOR THE K-2 GRADE BANDS, WE OFFER A HOLISTIC MATH PROGRAM THAT COMBINES PROFESSIONAL LEARNING AND A MATH PRACTICE TOOL SO TEACHERS CAN IMPROVE THEIR INSTRUCTION WITH A PARTICULAR EMPHASIS ON MATH DISCOURSE, MULTILINGUAL LEARNERS, AND FAMILY ENGAGEMENT. ALL OF OUR PROGRAMMING IS DESIGNED TO HELP EDUCATORS SUPPORT THEIR STUDENTS IN MASTERING GRADE-LEVEL CONTENT WHILE ALSO ADVANCING SOCIAL-EMOTIONAL LEARNING SKILLS. WE HAVE A HISTORY OF WORKING IN HISTORICALLY MARGINALIZED COMMUNITIES AND OF ACHIEVING STATISTICALLY SIGNIFICANT OUTCOMES ON ACADEMIC ACHIEVEMENT, SOCIAL-EMOTIONAL LEARNING, AND TEACHER PRACTICE. OUR PLAN FOR THE UPCOMING YEARS IS TO FOCUS ON IMPROVING TEACHER AND LEADER INSTRUCTIONAL PRACTICES TO ADDRESS THE DECLINES IN MATH ACHIEVEMENT, ESPECIALLY AMONG STUDENT GROUPS THAT HAVE BEEN HISTORICALLY MARGINALIZED. THIS PLAN INCLUDES DEVOTING MORE OF OUR RESOURCES TO HELPING SCHOOLS AND DISTRICT ADOPT AND IMPLEMENT HIGH-QUALITY INSTRUCTIONAL MATERIALS IN MATH WHILE DEEPENING TEACHER CONTENT KNOWLEDGE, PEDAGOGICAL CONTENT KNOWLEDGE, AND CURRICULAR KNOWLEDGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Nyhus Chief Growth Officer | Officer | 40 | $211,617 |
Karuppiah Ganesan Managing Director, Tech. & Arc | 40 | $177,414 | |
Elisabeth Stock CEO & Co-Founder | Officer | 40 | $173,755 |
Ramya Gopal Managing Director, Product | 40 | $162,235 | |
Adel Hageb CFO | Officer | 40 | $145,008 |
Sowad Enam Qa Engineer | 40 | $152,268 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cardinal Technology Solutions Inc Technology Services | 6/29/23 | $525,264 |
Edgility Consulting Employment Search | 6/29/23 | $113,287 |
Terrebonne Productions Llc Videographer | 6/29/23 | $186,505 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $240,886 |
| Related organizations | $0 |
| Government grants | $1,002,088 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,250,226 |
| Noncash contributions included in lines 1a–1f | $118,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,493,200 |
| Total Program Service Revenue | $1,713,580 |
| Investment income | $82,800 |
| 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 | $6,289,580 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $118,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $890,891 |
| Compensation of current officers, directors, key employees. | $286,855 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,545,941 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $325,496 |
| Payroll taxes | $464,717 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $475 |
| Fees for services: Accounting | $38,961 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,380,066 |
| Advertising and promotion | $4,612 |
| Office expenses | $395,901 |
| Information technology | $34,143 |
| Royalties | $0 |
| Occupancy | $3,454 |
| Travel | $128,422 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,848 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $20,593 |
| All other expenses | $35,000 |
| Total functional expenses | $8,390,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $984,085 |
| Savings and temporary cash investments | $2,894,676 |
| Pledges and grants receivable | $459,478 |
| Accounts receivable, net | $1,340,993 |
| 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 | $194,726 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,255 |
| Total assets | $5,882,213 |
| Accounts payable and accrued expenses | $566,354 |
| Grants payable | $0 |
| Deferred revenue | $212,391 |
| 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 | $778,745 |
| Net assets without donor restrictions | $4,042,059 |
| Net assets with donor restrictions | $1,061,409 |
| 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 | $5,882,213 |