The Learning Alliance Inc
- Assets
- $8.2m
- Revenue
- $4.7m
- Investments
- $2.0m
- Employees
- 15
- Location
- Vero Beach, FL
- Founding
- 11/2010
- Data as of
- 06/2022
- EIN
- 27-0725986
Organization Overview
The Learning Alliance Inc is located in Vero Beach, FL. The organization was established in 2010. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 06/2022, Learning Alliance Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Learning Alliance 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 06/2022, Learning Alliance Inc generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $3.5m during the year ending 06/2022. While expenses have increased by 10.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DRAMATICALLY IMPROVE STUDENT LITERACY BY PROVIDING FRONT LINE EDUCATORS WITH THE KNOWLEDGE, SKILLS, AND TOOLS TO EFFECTIVELY TEACH ALL CHILDREN TO READ.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOTAL STUDENTS AND TEACHERS SERVED APPROXIMATELY 5,115. THE LEARNING ALLIANCE CONNECTS, SUPPORTS, AND CELEBRATES ALL THOSE WHO JOIN THE JOURNEY TO SUPPORT INDIAN RIVER COUNTY'S MOONSHOT MOMENT GOAL: 90% OF ALL THIRD GRADERS READING ON GRADE LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara R Hammond Chief Executive Officer | OfficerTrustee | 40 | $139,183 |
Elizabeth Woody Remington Secretary | OfficerTrustee | 40 | $98,600 |
Andrew Sowers Treasurer | OfficerTrustee | 5 | $0 |
Raymond J Oglethorpe Chairman | OfficerTrustee | 10 | $0 |
David F Dyer Vice Chairman | OfficerTrustee | 10 | $0 |
Dr Frances J Adams Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $148,750 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $470,242 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,008,256 |
| Noncash contributions included in lines 1a–1f | $247,311 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,627,248 |
| Total Program Service Revenue | $9,707 |
| Investment income | $70,309 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,656 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,708,738 |
| 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. | $236,201 |
| Compensation of current officers, directors, key employees. | $3,503 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $577,762 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $62,381 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,809 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,165,307 |
| Advertising and promotion | $0 |
| Office expenses | $13,489 |
| Information technology | $18,585 |
| Royalties | $0 |
| Occupancy | $38,642 |
| Travel | $33,721 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,792 |
| Interest | $175 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,829 |
| Insurance | $9,539 |
| All other expenses | $0 |
| Total functional expenses | $3,499,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,045,175 |
| Savings and temporary cash investments | $2,578,749 |
| Pledges and grants receivable | $1,514,328 |
| Accounts receivable, net | $3,184 |
| 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 | $12,014 |
| Net Land, buildings, and equipment | $38,231 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,982,848 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,800 |
| Total assets | $8,176,329 |
| Accounts payable and accrued expenses | $753,004 |
| 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 | $15,377 |
| Total liabilities | $768,381 |
| Net assets without donor restrictions | $3,924,650 |
| Net assets with donor restrictions | $3,483,298 |
| 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 | $8,176,329 |
Grants Awarded
Over the last fiscal year, The Learning Alliance Inc has awarded $118,902 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Vero Beach, FL PURPOSE: TO SUPPORT THE IMPORTANT WORK OF THE KINDERGARTEN READINESS COLLABORATIVE, WHO HAS A SIMILAR MISSION AS THE LEARNING ALLIANCE. | $75,000 |
SCHOOL DISTRICT OF INDIAN RIVER COUNTY PURPOSE: PROVIDE FUNDS FOR CLASSROOM AND SCHOOL PROJECTS NOT NORMALLY FUNDED BY THE SCHOOL DISTRICT. | $43,902 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that The Learning Alliance Inc has recieved totaling $13,600.
| Awarding Organization | Amount |
|---|---|
James F Bell Foundation Minneapolis, MN PURPOSE: GENERAL OPERATIONS | $10,000 |
Kahle Foundation Inc Vero Beach, FL PURPOSE: FURTHERANCE OF CHARITABLE ACTIVITY | $2,000 |
David And Robin Ryan Family Foundation Vero Beach, FL PURPOSE: GENERAL ASSISTANCE | $1,000 |
Bailey Family Foundation Inc Vero Beach, FL PURPOSE: CHARITABLE PURPOSES | $500 |
The Robert C & Sarah Jane Moore Family Foundation Williams Bay, WI PURPOSE: CONTRIBUTION TO OPERATIONS | $100 |
Endowment Analysis
| Beg. Balance | $1,199,077 |
| Earnings | -$182,564 |
| Admin Expense | $33,665 |
| Net Contributions | $1,000,000 |
| Ending Balance | $1,982,848 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seaside School Consortium Inc Jacksonville, FL | $10,663,154 | $11,255,950 |
Youth Educational Services Inc Tucker, GA | $1,618,316 | $5,042,597 |
Meridian Education Resource Group Inc Atlanta, GA | $7,961,644 | $4,980,107 |
Citizenship Trust Montevallo, AL | $35,015,657 | $4,574,075 |
The Learning Alliance Inc Vero Beach, FL | $8,176,329 | $4,708,738 |
Creation Development Foundation Inc Celebration, FL | $6,448,373 | $3,114,556 |
Impact America Birmingham, AL | $854,404 | $1,924,243 |
Middle Georgia State College Real Estate Foundation Inc Macon, GA | $39,301,200 | $4,417,348 |
Associated Colleges Of The South Inc Atlanta, GA | $5,730,607 | $2,469,203 |
University Rathskeller Inc Coral Gables, FL | $1,228,327 | $1,119,993 |
Breakthrough Atlanta Inc Atlanta, GA | $5,041,029 | $1,180,350 |
Hillel The Foundation For Jewish Campus Life Coral Gables, FL | $5,401,113 | $1,247,375 |