Open Learning Exchange Inc
- Assets
- $15.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 09/2007
- Data as of
- 12/2022
- EIN
- 26-0211816
Organization Overview
Open Learning Exchange Inc is located in Cambridge, MA. The organization was established in 2007. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Learning Exchange 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 12/2022, Open Learning Exchange Inc generated $134.5k 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 (14.1%) each year. All expenses for the organization totaled $150.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO PROVIDE:1. LEADERSHIP DEVELOPMENT: OLE HELPS ESTABLISH NATION-BASED SOCIAL BENEFIT ORGANIZATIONS (SBOS)AND BUILD LOCAL CAPACITY TO ENSURE THAT EVERYONE, PARTICULARLY CHILDREN AND YOUNG GIRLS, ENJOYS THEIR RIGHT TO A QUALITY BASIC EDUCATION THAT ENHANCES THE KNOWLEDGE AND PROVIDES THE SKILLS THEY NEED, TO BUILD A HAPPY AND PRODUCTIVE LIFE. THIS INVOLVES WORKING WITH SBOS TO DESIGN, DEVELOP, FUNDRAISE FOR, IMPLEMENT, AND DOCUMENT THE EFFECTIVENESS OF EDUCATIONAL PROGRAMS DESIGNED TO SCALE NATIONWIDE.2. CONTENT DEVELOPMENT: OLE IS DEVELOPING A HIGH QUALITY MULTI-MEDIA BASIC E-LEARNING LIBRARY ("BELL") FOR USE IN SCHOOLS, COMMUNITY LEARNING CENTRES, AND HEALTH CLINICS IN THE DEVELOPING WORLD. ITS MULTILINGUAL BELL PROVIDES LEARNERS AROUND THE GLOBE WITH LARGE QUANTITIES OF CONTENT RELEVANT TO THIER NEEDS AND INTERESTS.3. FEEDBACK DEVELOPMENT: OLE HAS DEVELOPED A ROBUST NETWORK FOR BOTH UPDATING BELL ON A REGULAR BASIS AND DISTRIBUTING MEMBER ACTIVITY DATA AMONG LOCATIONS AND A HOME OFFICE, PROVIDING NEAR REAL TIME FEEDBACK. THIS FEEDBACK IS USED BY SBOS TO CONTINUALLY IMPROVE THEIR PROGRAM OFFERINGS, FACILITATING SIGNIFICANT IMPROVEMENTS IN LEARNING.
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 |
|---|---|---|---|
Seth Weinberger Director | 0.2 | $0 | |
Francine Crystal Director | 0.2 | $0 | |
Scott Heiferman Director | 0.2 | $0 | |
Richard Rowe President | 40 | $0 | |
Paul Smyke Treasurer | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $134,491 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $134,491 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $146,466 |
| Total expenses | $149,966 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $10,206 |
| Other assets | $0 |
| Total assets | $15,414 |
| Total liabilities | $3,772 |
| Net assets or fund balances | $11,642 |