Project Learn Of Summit County
- Assets
- $460.8k
- Revenue
- $992.7k
- Investments
- $0.0
- Employees
- 59
- Location
- Akron, OH
- Founding
- 12/1988
- Data as of
- 06/2022
- EIN
- 34-1491695
Organization Overview
Project Learn Of Summit County is located in Akron, OH. The organization was established in 1988. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2022, Project Learn Of Summit County employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Learn Of Summit County 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, Project Learn Of Summit County generated $992.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. 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 ASSIST ADULTS IN LEARNING TO READ.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING AND SUPPORT FOR TUTORS WHO TEACH READING TO STUDENTS. PROGRAM INCLUDES TUTORING OF UNDEREDUCATED ADULTS (ENGLISH SPEAKING, AGE 16 AND OVER, NOT IN SCHOOL, READING AT 4TH GRADE LEVEL OR BELOW) IN READING AND WRITING. 576 STUDENTS ENROLLED AND 118 GED GRADUATES. APPROXIMATELY 38,721 INSTRUCTIONAL HOURS WERE PROVIDED. BEGINNING TO SEE A RETURN TO PRE-PANDEMIC NUMBERS, SECURING DEVICES AND INTERNET FOR VIRTUAL STUDENTS, AND STEADY RETURN TO IN-PERSON INSTRUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Magnus Director | Trustee | 1 | $0 |
Rebecca M Black President | OfficerTrustee | 1 | $0 |
Caitlin Lucas Treasurer | OfficerTrustee | 1 | $0 |
Stacy Doty Secretary | OfficerTrustee | 1 | $0 |
Steven Ash Director | Trustee | 1 | $0 |
Heather Coughlin Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $844,408 |
| All other contributions, gifts, grants, and similar amounts not included above | $118,197 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $962,605 |
| Total Program Service Revenue | $23,999 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$205 |
| Net Income from Fundraising Events | $6,269 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $992,668 |
| 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. | $88,765 |
| Compensation of current officers, directors, key employees. | $53,259 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $743,775 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,109 |
| Payroll taxes | $66,926 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,461 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,621 |
| Office expenses | $15,196 |
| Information technology | $23,197 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,307 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,558 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,647 |
| Insurance | $2,107 |
| All other expenses | $0 |
| Total functional expenses | $1,082,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $271,452 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $165,982 |
| 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 | $5,433 |
| Net Land, buildings, and equipment | $17,957 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $460,824 |
| Accounts payable and accrued expenses | $65,500 |
| 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 | $65,500 |
| Net assets without donor restrictions | $307,630 |
| Net assets with donor restrictions | $87,694 |
| 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 | $460,824 |