Learning Is For Tomorrow
- Assets
- $51.2k
- Revenue
- $369.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Baltimore, MD
- Founding
- 06/2007
- Data as of
- 06/2023
- 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 06/2023, 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 06/2023, Learning Is For Tomorrow generated $369.2k 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 (3.5%) each year. All expenses for the organization totaled $311.1k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (6.4%) 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
2023
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Shelter President | OfficerTrustee | 2 | $0 |
Joel Seledee Secretary | OfficerTrustee | 2 | $0 |
Amy Bopp Director | OfficerTrustee | 2 | $0 |
Mark Pettis Executive Director | Officer | 40 | $81,280 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $368,387 |
| All other contributions, gifts, grants, and similar amounts not included above | $818 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $369,205 |
| 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 | $369,205 |
| 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. | $81,280 |
| Compensation of current officers, directors, key employees. | $12,192 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $130,626 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,784 |
| Payroll taxes | $16,609 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,006 |
| Advertising and promotion | $0 |
| Office expenses | $8,434 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,248 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,067 |
| Insurance | $9,541 |
| All other expenses | $0 |
| Total functional expenses | $311,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,136 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $3,066 |
| Other assets | $0 |
| Total assets | $51,202 |
| Accounts payable and accrued expenses | $1,649 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,649 |
| Net assets without donor restrictions | $49,553 |
| 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 | $51,202 |