The information for Zearn Inc is as of the organization's most recent filing in June 2020. This organization is located in New York, NY. It has been in existence for 6 years, following its founding in 2014.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
Zearn Inc's NTEE code is B19. The "B" tells us that the organization is classified along with Education. The "19" tells us that the organization is a Support N.E.C. The NTEE describes Support N.E.C. as organizations that provide all forms of support except for financial assistance or fund raising for other organizations within the Education major group area.
Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.
Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of Zearn Inc is to inspire generations of children to love learning math by publishing Zearn Math, a top-rated K5 math program that brings together hands-on teaching and immersive digital learning.
Zearn is a nonprofit on a mission to ensure every child learns and loves math. Through Zearn Math, a groundbreaking K-5 math curriculum that combines personalized independent digital lessons with targeted small group instruction, Zearn provides students and teachers across the United States with a Tier 1 curricular resource. In FY2020, Zearn continued building personalized independent digital lessons with targeted small group instruction materials for middle school.
Zearn Inc has 80 employees, 6 of whom were paid more than $100k according to the organization's most recent 990 tax filing. Supporting the paid staff are 7 volunteers.
Zearn Inc is an exemplary non-profit organization with a strong governance structure. With 10 voting members, 7 of which are independent, the organization is well-positioned to make decisions that are in the best interest of the organization. Potential conflicts of interest are not an issue as the organization has a conflict of interest policy that requires disclosure of any conflicts. Board and committee meetings are documented, and the organization has a written whistleblower policy as well as a document retention policy. To ensure that leadership salaries are fair and appropriate, the organization substantiates and reviews both the leadership and officer salaries. Finally, the organization provides copies of the 990 to the board prior to filing. All of these factors demonstrate that Zearn Inc is a well-governed non-profit organization.
Our dataset has a single year of grant history for Zearn Inc. In that year, they have awarded two grants, with an average check size of $75,381. Both grants were awarded in the Education sector. Additionally, the organization most frequently awards grants in the states of Pennsylvania (1) and New York (1).
Overall, Zearn Inc has grown significantly over the past five years. Contributions & Grants Received, Investment Income, Total Revenue, Employee Salaries, and Total Expenses have all increased significantly while the number of employees and volunteers has also increased. This indicates that the organization has grown in terms of size, reach, and impact.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Shalinee Sharma Chief Executive Officer & | OfficerTrustee | 60 | $386,703 |
Leigha Donovan Chief Product Officer | 50 | $251,330 | |
Ashley Birsic Chief Business Officer | 50 | $236,631 | |
Christopher Wong Chief Technology Officer | 50 | $234,510 | |
Stephanie Ely Chief Academic Officer | 50 | $217,231 | |
Neena Hendershott Chief Marketing Officer | 50 | $188,829 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Bread And Butter Digital Llc Marketing - Social Media Engagement | 6/29/21 | $159,000 |
Fortnight Post Llc Video Production | 6/29/21 | $314,135 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $1,078,437 |
All other contributions, gifts, grants, and similar amounts not included above | $16,731,679 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $17,810,116 |
Total Program Service Revenue | $15,575,967 |
Investment income | $8,628 |
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 | $33,394,711 |
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. | $408,118 |
Compensation of current officers, directors, key employees. | $163,247 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $4,793,597 |
Pension plan accruals and contributions | $148,901 |
Other employee benefits | $298,160 |
Payroll taxes | $419,742 |
Fees for services: Management | $0 |
Fees for services: Legal | $22,378 |
Fees for services: Accounting | $20,725 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,468,241 |
Advertising and promotion | $345,660 |
Office expenses | $16,189 |
Information technology | $919,009 |
Royalties | $0 |
Occupancy | $227,999 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $15,186 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $491,226 |
Insurance | $13,975 |
All other expenses | $0 |
Total functional expenses | $13,458,615 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,026,394 |
Savings and temporary cash investments | $16,627,735 |
Pledges and grants receivable | $500,000 |
Accounts receivable, net | $622,195 |
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 | $540,602 |
Net Land, buildings, and equipment | $74,492 |
Investments—publicly traded securities | $0 |
Investments—other securities | $4,000,319 |
Investments—program-related | $0 |
Intangible assets | $12,604,736 |
Other assets | $82,888 |
Total assets | $36,079,361 |
Accounts payable and accrued expenses | $457,781 |
Grants payable | $0 |
Deferred revenue | $1,302,773 |
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 | $14,418 |
Total liabilities | $1,774,972 |
Net assets without donor restrictions | $32,708,102 |
Net assets with donor restrictions | $1,596,287 |
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 | $36,079,361 |
Over the last fiscal year, Zearn Inc has awarded $150,761 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
SCHOOL DISTRICT OF UPPER DUBLIN PURPOSE: GRANT TO FUND PORTION OF SALARY FOR STAFF SUPPORTING IMPLEMENTATION OF ZEARN. | $75,610 |
GREECE CENTRAL SCHOOL DISTRICT PURPOSE: GRANT TO FUND PORTION OF SALARY FOR STAFF SUPPORTING IMPLEMENTATION OF ZEARN. | $75,151 |
Over the last fiscal year, we have identified 6 grants that Zearn Inc has recieved totaling $2,577,056.
Awarding Organization | Amount |
---|---|
Tenacre Foundation Princeton, NJ PURPOSE: GENERAL SUPPORT | $750,000 |
Tenacre Foundation Princeton, NJ PURPOSE: GENERAL SUPPORT | $750,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $600,000 |
New Profit Inc Boston, MA PURPOSE: PROGRAM EXPANSION | $250,000 |
Koshland Foundation Menlo Park, CA PURPOSE: SUPPORT FOR THE ZEARN PROGRAM WITHIN THE OAKLAND USD | $217,056 |
Nellie Mae Education Foundation Inc Quincy, MA PURPOSE: ZEARN 2021 | $10,000 |
Organization Name | Assets | Revenue |
---|---|---|
Ccres Downingtown, PA | $11,140,030 | $33,857,794 |
Lincoln Learning Solutions Inc Rochester, PA | $70,095,014 | $24,122,252 |
Worcester City Campus Corporation Shrewsbury, MA | $408,230,540 | $37,285,221 |
New Visions For Public Schools Inc New York, NY | $79,613,761 | $33,356,068 |
Naf New York, NY | $28,094,768 | $18,819,868 |
Zearn Inc New York, NY | $36,079,361 | $33,394,711 |
Sruf Campus Housing Inc Slippery Rock, PA | $97,548,572 | $13,162,119 |
Uchcfc Circle Road Corp Farmington, CT | $184,016,128 | $11,665,579 |
United Community Schools Inc New York, NY | $17,599,679 | $9,226,471 |
College Achieve Public Charter Schools Inc Tinton Falls, NJ | $2,920,283 | $10,421,988 |
Friends Of Hellenic Classical Charter Schools Inc Brooklyn, NY | $82,915,888 | $678,941 |
Massachusetts Green High Performance Computing Center Inc Holyoke, MA | $16,995,884 | $7,668,165 |