Learning Accelerator
- Assets
- $3.8m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 20
- Location
- Sacramento, CA
- Founding
- 11/2012
- Data as of
- 12/2021
- EIN
- 46-1059054
Organization Overview
Learning Accelerator is located in Sacramento, CA. The organization was established in 2012. 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, Learning Accelerator employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Learning Accelerator 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, Learning Accelerator generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.7%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO CONNECT TEACHERS AND LEADERS WITH THE KNOWLEDGE, TOOLS, AND NETWORKS THEY NEED TO TRANSFORM K-12 EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LEARNING ACCELERATOR IS A NON-PROFIT ORGANIZATION WHOSE MISSION IS TO CONNECT TEACHERS AND LEADERS WITH THE KNOWLEDGE, TOOLS, AND NETWORKS THEY NEED TO TRANSFORM K-12 EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Elizabeth Rabbitt CEO | OfficerTrustee | 45 | $260,471 |
Ashley Sandvi Chief Operating Officer | 45 | $201,545 | |
Juliana Finegan Managing Partner | 45 | $145,294 | |
Stephen Pham Director, Organizational L | 45 | $119,122 | |
Nate Kellogg Partner | 45 | $116,862 | |
Jin-Soo Huh Partner | 45 | $113,825 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Concentric Sky Software Design | 12/30/17 | $320,329 |
Yet Analytics Technology Development | 12/30/17 | $132,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $594,178 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,423,785 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,017,963 |
| Total Program Service Revenue | $574,060 |
| Investment income | $1,198 |
| 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 | $2,593,221 |
| 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. | $292,887 |
| Compensation of current officers, directors, key employees. | $29,289 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,311,314 |
| Pension plan accruals and contributions | $51,696 |
| Other employee benefits | $103,157 |
| Payroll taxes | $119,115 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,556 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $421,977 |
| Advertising and promotion | $0 |
| Office expenses | $24,917 |
| Information technology | $7,477 |
| Royalties | $0 |
| Occupancy | $1,304 |
| Travel | $9,595 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,689 |
| All other expenses | $0 |
| Total functional expenses | $2,407,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,422,321 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $322,500 |
| Accounts receivable, net | $20,183 |
| 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 | $71,061 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,836,065 |
| Accounts payable and accrued expenses | $58,465 |
| Grants payable | $0 |
| Deferred revenue | $262,500 |
| 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 | $320,965 |
| Net assets without donor restrictions | $2,564,228 |
| Net assets with donor restrictions | $950,872 |
| 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 | $3,836,065 |
Grants Awarded
Over the last fiscal year, Learning Accelerator has awarded $984,342 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Menlo Park, CA PURPOSE: SEED FUNDING TO SUPPORT DEVELOPMENT OF K-12 OPEN EDUCATION CONTENT. | $577,811 |
Cupertino, CA PURPOSE: SEED FUNDING TO SUPPORT DEVELOPMENT OF DASHBOARD SYSTEM THAT ENABLES BLENDED LEARNING | $406,531 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Learning Accelerator has recieved totaling $660,263.
| Awarding Organization | Amount |
|---|---|
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO BRING TOGETHER K-12 SYSTEM LEADERS (DISTRICT AND CHARTER) AND EDUCATION PROVIDERS TO EXAMINE HOW INNOVATIVE PANDEMIC-ERA VIRTUAL AND HYBRID MODELS CAN ADVANCE. | $600,263 |
New Profit Inc Boston, MA PURPOSE: PROGRAM EXPANSION | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Live Oak A Learning Center For Children San Francisco, CA | $40,489,721 | $19,594,406 |
Biocomx Dana Point, CA | $308,692 | $15,969,949 |
Open Up Resources Menlo Park, CA | $29,661,554 | $16,279,319 |
Teach-Org Inc San Francisco, CA | $5,801,007 | $13,162,873 |
The Reason Foundation Los Angeles, CA | $15,187,245 | $16,170,727 |
San Francisco Study Center Inc San Francisco, CA | $5,230,719 | $12,852,895 |
Hoffman Institute Foundation San Rafael, CA | $2,301,194 | $11,907,757 |
Legacy Traditional School Maricopa Chandler, AZ | $18,281,409 | $11,917,984 |
Cambiar Education San Diego, CA | $11,761,927 | $15,993,046 |
Associated Students Of California State University Chico Chico, CA | $29,452,040 | $13,695,718 |
Todays Fresh Start Los Angeles, CA | $38,805,224 | $12,503,064 |
Agape Fresno, CA | $5,383,451 | $10,431,263 |