Lena Foundation
- Assets
- $7.0m
- Revenue
- $11.2m
- Investments
- $0.0
- Employees
- 61
- Location
- Louisville, CO
- Founding
- 09/2010
- Data as of
- 12/2021
- EIN
- 26-3784465
Organization Overview
Lena Foundation, operating under the name Lena, is located in Louisville, CO. The organization was established in 2010. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Lena employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lena 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 12/2021, Lena generated $11.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.3% each year . All expenses for the organization totaled $8.1m during the year ending 12/2021. While expenses have increased by 5.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lena has awarded 94 individual grants totaling $3,550,409. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LENA HELPS COMMUNITIES BOOST SCHOOL READINESS AND IMPROVE CHILD OUTCOMES THROUGH EARLY TALK. LENA WORKS WITH A WIDE RANGE OF PARTNER ORGANIZATIONS TO IMPROVE EARLY LANGUAGE ENVIRONMENTS AND BOOST KINDERGARTEN READINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LENA FOUNDATION (LENA) TRANSFORMS CHILDREN'S FUTURES THROUGH EARLY TALK TECHNOLOGY AND DATA-DRIVEN PROGRAMS. LENA'S CORE TECHNOLOGY IS THE LENA SYSTEM, THE STANDARD FOR AUTOMATICALLY MEASURING TALK WITH CHILDREN, A CRITICAL FACTOR IN EARLY BRAIN DEVELOPMENT AND PREDICTIVE OF BOTH COGNITIVE AND SOCIAL EMOTIONAL DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen M Hannon PHD President | Officer | 40 | $203,601 |
Vince Swartout Chief Information & Operations Officer | 40 | $181,513 | |
Jill Gilkerson PHD Chief Research & Evaluation Officer | 40 | $154,378 | |
Jessica Simmons Chief Growth Officer | 40 | $146,229 | |
Christopher Marks Technical Architect/sr Program Director | 40 | $136,917 | |
Katharine Correll Principal, Philanthropy Partnerships | 40 | $127,610 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alpinspire Llc Software Development | 12/30/17 | $203,665 |
Sophia Consulting Llc Curriculum & Marketing Development | 12/30/17 | $102,887 |
Umit Yapanel Software Engineer | 12/30/17 | $140,270 |
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 | $8,709,420 |
| Noncash contributions included in lines 1a–1f | $161,152 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,709,420 |
| Total Program Service Revenue | $0 |
| Investment income | $266 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12,571 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,463,685 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,160,800 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $714,564 |
| 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. | $491,794 |
| Compensation of current officers, directors, key employees. | $73,769 |
| Compensation to disqualified persons | $60,031 |
| Other salaries and wages | $3,763,555 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $661,140 |
| Payroll taxes | $327,961 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $169,920 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,397 |
| Fees for services: Other | $472,495 |
| Advertising and promotion | $0 |
| Office expenses | $27,591 |
| Information technology | $392,353 |
| Royalties | $0 |
| Occupancy | $674,876 |
| Travel | $56,404 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,592 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $161,036 |
| Insurance | $50,099 |
| All other expenses | $0 |
| Total functional expenses | $8,141,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $335,465 |
| Savings and temporary cash investments | $4,039,475 |
| Pledges and grants receivable | $1,275,136 |
| Accounts receivable, net | $294,803 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $385,558 |
| Prepaid expenses and deferred charges | $230,633 |
| Net Land, buildings, and equipment | $393,054 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,954,124 |
| Accounts payable and accrued expenses | $645,937 |
| Grants payable | $0 |
| Deferred revenue | $763,836 |
| 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 | $849,503 |
| Total liabilities | $2,259,276 |
| Net assets without donor restrictions | $4,544,848 |
| Net assets with donor restrictions | $150,000 |
| 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 | $6,954,124 |
Grants Awarded
Over the last fiscal year, Lena Foundation has awarded $690,626 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Birmingham, AL PURPOSE: LENA START PROGRAM IMPLEMENTATION | $111,696 |
CITY OF VIRGINIA BEACH PURPOSE: LENA GROW, HOME AND START IMP | $101,545 |
CITY OF HARTFORD PURPOSE: LENA GROW PROGRAM IMPLEMENTATION | $58,574 |
Washington, DC PURPOSE: LENA GROW (KLINGENSTEIN) | $54,612 |
Louisville, KY PURPOSE: LENA HOME AND START PROGRAM IMP | $38,981 |
Detroit, MI PURPOSE: LENA GROW, HOME AND START IMP | $32,201 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Lena Foundation has recieved totaling $3,585,680.
| Awarding Organization | Amount |
|---|---|
Valhalla Charitable Foundation Woodside, CA PURPOSE: SCALING EARLY CHILDHOOD DEVELOPMENT PROGRAMS | $2,000,000 |
Valhalla Charitable Foundation Woodside, CA PURPOSE: SCALING EARLY CHILDHOOD DEVELOPMENT PROGRAMS | $1,000,000 |
Results For America Washington, DC PURPOSE: TO SUPPORT THE EARLY CHILDHOOD LANGUAGE DEVELOPMENT PROGRAM. | $339,997 |
Stranahan Foundation Toledo, OH PURPOSE: EXPANSION | $150,000 |
Instructional Telecommunications Foundation Inc Boulder, CO PURPOSE: CORE SUPPORT | $70,000 |
United Way Of Marathon County Inc Wausau, WI PURPOSE: 1 LENA Start Marathon County | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wgu Labs Salt Lake City, UT | $5,412,542 | $17,199,300 |
Legacy Traditional School Maricopa Chandler, AZ | $18,281,409 | $11,917,984 |
Turing School Of Software And Design Denver, CO | $6,210,648 | $10,301,401 |
Rooted Denver, CO | $4,963,250 | $7,608,549 |
United States Space Foundation Colorado Springs, CO | $16,544,992 | $7,378,299 |
Collective For Youth Omaha, NE | $16,344,773 | $14,408,697 |
Youth Entrepreneurs Inc Wichita, KS | $8,370,922 | $6,293,107 |
Lena Foundation Louisville, CO | $6,954,124 | $11,160,800 |
Starfall Education Foundation Boulder, CO | $23,360,929 | $7,522,820 |
Oklahoma Public School Resource Center Inc Oklahoma City, OK | $4,660,216 | $8,536,647 |
North Valley Christian Academy Phoenix, AZ | $21,880,412 | $8,715,772 |
Communities In Schools Of Mid-America Inc Lawrence, KS | $5,926,043 | $10,689,088 |