Learn To Be Foundation
- Assets
- $615.2k
- Revenue
- $843.0k
- Investments
- $0.0
- Employees
- 8
- Location
- West Hollywood, CA
- Founding
- 08/2008
- Data as of
- 12/2023
- EIN
- 26-1919770
Organization Overview
Learn To Be Foundation is located in West Hollywood, CA. The organization was established in 2008. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, Learn To Be Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Learn To Be Foundation 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 12/2023, Learn To Be Foundation generated $843.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $826.1k during the year ending 12/2023. 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
THE LEARN TO BE FOUNDATION BRINGS ONE-ON-ONE, ONLINE TUTORING TO UNDERSERVED YOUTH AROUND THE NATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OVER THE PAST 15 YEARS, LEARN TO BE (LTB) HAS PROVIDED OVER 200,000 HOURS OF TUTORING TO MORE THAN 10,000 STUDENTS WHO OTHERWISE MAY NOT HAVE BEEN ABLE TO AFFORD ONE-ON-ONE, CONSISTENT TUTORING. THESE STUDENTS HAVE SEEN AN AVERAGE TEST SCORE INCREASE OF 15.8 AND A GPA INCREASE OF 1.6. LTB CURRENTLY MAINTAINS 30 CHAPTERS ON COLLEGE AND HIGH SCHOOL CAMPUSES, AND WORK WITH 75 PARTNERSHIPS THAT INCLUDE AFTER-SCHOOL PROGRAMS, YOUTH SERVING NONPROFITS, SCHOOLS, AND MINISTRIES. IN 2023 LTB PROVIDED FREE/AFFORDABLE TUTORING TO OVER 4200 STUDENTS WITH THE HELP OF MORE THAN 3500 VOLUNTEER TUTORS FROM ALL OVER THE US. THIS RESULTED IN NEARLY 64,000 HOURS OF TUTORING IN A SINGLE YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Solt Product Growth Ld. | 40 | $106,543 | |
Alexandra Philbrick Operations Dir. | Officer | 40 | $83,958 |
Neeraj Kapoor Co-Founder/e.d. | Officer | 40 | $24,000 |
Stephen Chen Co-Founder | Trustee | 2 | $0 |
Greg Zumas Board Chair | OfficerTrustee | 2 | $0 |
Ling Koh Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $769,217 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $769,217 |
| Total Program Service Revenue | $69,625 |
| Investment income | $4,128 |
| 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 | $842,970 |
| 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. | $107,958 |
| Compensation of current officers, directors, key employees. | $10,568 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $314,362 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,518 |
| Payroll taxes | $32,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,854 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $198,070 |
| Advertising and promotion | $20,708 |
| Office expenses | $10,147 |
| Information technology | $77,447 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,074 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $145 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $279 |
| Total functional expenses | $826,144 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $361,040 |
| Savings and temporary cash investments | $254,129 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $615,169 |
| Accounts payable and accrued expenses | $19,395 |
| 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 | $19,395 |
| Net assets without donor restrictions | $595,774 |
| 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 | $615,169 |