Ilearn Life Inc
- Assets
- $200.1k
- Revenue
- $227.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Louis, MO
- Founding
- 03/2013
- Data as of
- 12/2022
- EIN
- 45-4851856
Organization Overview
Ilearn Life Inc is located in Saint Louis, MO. The organization was established in 2013. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ilearn Life 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 12/2022, Ilearn Life Inc generated $227.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $242.1k during the year ending 12/2022. 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
ILEARN LIFE INC PROVIDES BACK OFFICE SERVICES, BUSINESS MODEL DEVELOPMENT AND CORPORATE GOVERNANCE TO ENTITIES ENGAGED IN CULTURAL INNOVATION AND RENEWAL WHILE ADHERING TO THE PRINCIPLES OF OPEN SOURCE CAPITALISM (OSC)
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ART OF LIVING HOME (AOLH) PROVIDES A SAFE AND SECURE HOME FOR INDIVIDUALS IN THE BEGINNING STAGES OF ALCOHOL AND SUBSTANCE ABUSE DISORDER. PARTICIPANTS ATTEND WEEKLY HOUSE MEETINGS, ADHERE TO WEEKLY STATUS MEETINGS TO REVIEW PROGRESS AND ROADBLOCKS, BUILD A SUPPORT NETWORK WITH OTHER PARTICIPANTS AND ATTEND COMMUNITY EVENTS.DURING 2022 WE HAD 39 PARTICIPANTS. 25 PARTICIPANTS ACHIEVED A SUCCESSFUL OUTCOME. FIVE WERE RELEASED FROM THE PROGRAM DUE TO RELAPSE AND FIVE WERE DISCHARGED FOR BEHAVIOR DISRUPTIVE TO THE AOLH PROCESS. FOUR PARTICIPANTS REMAIN IN THE PROGRAM. THE AVERAGE STAY VARIES, HOWEVER THE INITIAL COMMITMENT IS THREE MONTHS.THE OVERALL OBJECTIVE OF THE PROGRAM IS TO EMPOWER INDIVIDUALS TO ACHIEVE A LIFE FREE OF SUBSTANCE ABUSE AND ALCOHOLISM. THE PROGRAM PROVIDES THE SUPPORT, STRUCTURE, AND NECESSARY TOOLS TO TRANSITION TO A HEALTHIER, PURPOSEFUL, AND REWARDING LIFE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel A Schmitt President | OfficerTrustee | 20 | $0 |
Jennifer L Schmitt Vice President | OfficerTrustee | 40 | $0 |
Megan Schmitt Secretary | OfficerTrustee | 20 | $0 |
Michael Schmitt Treasurer | OfficerTrustee | 20 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $227,373 |
| Investment income | $0 |
| 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 | $227,373 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,184 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $609 |
| Office expenses | $13,359 |
| Information technology | $3,340 |
| Royalties | $0 |
| Occupancy | $192,102 |
| Travel | $1,107 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $862 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,490 |
| Insurance | $9,413 |
| All other expenses | $1,525 |
| Total functional expenses | $242,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,818 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,355 |
| 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 | $181,899 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $200,072 |
| Accounts payable and accrued expenses | $63,000 |
| 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 | $253,423 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $80,816 |
| Other liabilities | $8,500 |
| Total liabilities | $405,739 |
| Net assets without donor restrictions | $0 |
| 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 | -$205,667 |
| Total liabilities and net assets/fund balances | $200,072 |