Learning Is For Tomorrow
- Assets
- $72.4k
- Revenue
- $285.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Baltimore, MD
- Founding
- 06/2007
- Data as of
- 06/2021
- EIN
- 20-8861631
Organization Overview
Learning Is For Tomorrow is located in Baltimore, MD. The organization was established in 2007. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. As of 06/2021, Learning Is For Tomorrow employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Learning Is For Tomorrow 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, Learning Is For Tomorrow generated $285.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $260.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADULT LITERACY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES CLASSES IN ADULT BASIC EDUCATION, ADULT SECONDARY EDUCATION, AND GED TEST PREPARATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Pettis Executive Director | Officer | 40 | $73,504 |
Joel Seledee Secretary | OfficerTrustee | 2 | $0 |
Jim Shelter President | OfficerTrustee | 2 | $0 |
Amy Bopp Director | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $273,925 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,957 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $285,882 |
| 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 | $285,882 |
| 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. | $73,504 |
| Compensation of current officers, directors, key employees. | $7,350 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,275 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,182 |
| Payroll taxes | $17,261 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,566 |
| Advertising and promotion | $0 |
| Office expenses | $5,694 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $825 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,753 |
| All other expenses | $0 |
| Total functional expenses | $260,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,944 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,250 |
| 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 | $9,200 |
| Other assets | $0 |
| Total assets | $72,394 |
| Accounts payable and accrued expenses | $14,649 |
| 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 | $27,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $25,000 |
| Other liabilities | $0 |
| Total liabilities | $66,649 |
| Net assets without donor restrictions | $5,745 |
| 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 | $72,394 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Learning Is For Tomorrow has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
The United Way Of Central Maryland Inc Baltimore, MD PURPOSE: DESIGNATED AND OR GRANTED IN SUPPORT OF AGENCY PROGRAMS | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Literacy Initiative Philadelphia, PA | $12,745,223 | $23,482,636 |
Literacy Lab Washington, DC | $23,333,778 | $29,239,466 |
Civic Works Inc Baltimore, MD | $12,483,552 | $12,764,474 |
Reading Is Fundamental Inc Washington, DC | $22,372,600 | $16,088,590 |
Congress Heights Community Training And Development Corporation Washington, DC | $6,347,487 | $3,189,279 |
The Washington Commanders Charitable Foundation Inc Ashburn, VA | $1,361,978 | $1,048,751 |
Free Minds Book Club & Writing Workshop Washington, DC | $2,522,184 | $2,082,941 |
We Need Diverse Books Bethesda, MD | $1,284,821 | $1,729,399 |
Reading Is Fundamental Pittsburg Pittsburgh, PA | $3,385,621 | $940,540 |
The Literacy Center Allentown, PA | $813,842 | $994,402 |
Reach Inc Norfolk, VA | $511,783 | $670,333 |
Media-Upper Providence Free Library Association Media, PA | $3,477,052 | $561,583 |