Uncharted Learning Nfp
- Assets
- $2.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 10
- Location
- Barrington, IL
- Founding
- 04/2015
- Data as of
- 06/2021
- EIN
- 47-1404089
Organization Overview
Uncharted Learning Nfp is located in Barrington, IL. The organization was established in 2015. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2021, Uncharted Learning Nfp employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Uncharted Learning Nfp 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 06/2021, Uncharted Learning Nfp generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.1% each year . All expenses for the organization totaled $1.7m during the year ending 06/2021. While expenses have increased by 21.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO EQUIP STUDENTS WITH THE REAL-WORLD SKILLS THEY NEED, TO HELP INSPIRE THEM TO DISCOVER THIER PASSIONS, STRENGTHEN THEIR CAPABILITIES AND CREATE THEIR OWN FUTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INCUBATOREDU PROGRAM OFFERS STUDENTS AN AUTHENTIC ENTERPRENEURSHIP EXPERIENCE. STUDENTS HAVE THE OPPORTUNITY TO CREATE AND FULLY DEVELOP THEIR OWN PRODUCT OR SERVICE. REAL ENTERPRENEURS AND BUSINESS EXPERTS SERVE AS VOLUNTEER COACHES AND MENTORS GUIDING STUDENT TEAMS THROUGH THE LEAN STARTUP PROCESSES OF DEVELOPING HYPOTHESES ABOUT A BUSINESS CONCEPT, TESTING THOSE HYPOTHESES, ADAPTING, AND CONTINUALLY LEARNING AND IMPROVING. THIS CYCLE OF EXPERIMENTATION IS COMBINED WITH FOUNDATIONAL BUSINESS SUCH AS MARKETING AND FINANCE....
SEE NOTE 1
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christinescott Officer | Officer | 40 | $140,431 |
Margarita Geleske Officer | Officer | 40 | $140,431 |
Karl Fruecht Director | Trustee | $0 | |
Michael Miles Director | Trustee | $0 | |
Thomas Leonard Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,000 |
| Investment income | $36,032 |
| 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 | $2,030,332 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $833,930 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,082 |
| Payroll taxes | $62,235 |
| Fees for services: Management | $176,090 |
| Fees for services: Legal | $286 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,420 |
| Fees for services: Other | $0 |
| Advertising and promotion | $223,302 |
| Office expenses | $14,473 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,512 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,999 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,253 |
| All other expenses | $0 |
| Total functional expenses | $1,688,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $463,680 |
| Savings and temporary cash investments | $106,544 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $1,594,092 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,164,316 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $2,164,316 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Uncharted Learning Nfp has recieved totaling $120,000.
| Awarding Organization | Amount |
|---|---|
Daniels Fund Denver, CO PURPOSE: DENVER EXPANSION OF INCUBATOREDU | $100,000 |
The Mckenzie Foundation Wilmington, DE PURPOSE: THE MCKENZIE GRITGRANT AWARD FUND FOR STUDENTS CURRENTLY ENROLLED IN THE INCUBATOREDU AND/OR MOBILEMAKERSEDU PROGRAMS AND NOMINATED BY TEACHERS FROM UNCHARTED LEARNING MEMBER SCHOOLS | $10,000 |
Allstate Foundation Northbrook, IL PURPOSE: 2021 ERG COMMUNITY GRANT - INTRAPRENEURS@ALLSTATE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Riverbend Head Start Delegate Inc Alton, IL | $2,230,032 | $11,645,370 |
Edchoice Inc Indianapolis, IN | $20,542,454 | $10,117,129 |
Teachers Treasures Inc Indianapolis, IN | $1,070,406 | $9,359,257 |
Academy For Urban School Leadership Chicago, IL | $9,385,123 | $10,302,671 |
Primo Center For Women And Children Chicago, IL | $5,281,489 | $8,337,109 |
North Chicago Education Fund Chicago, IL | $29,249,144 | $33,611 |
Racine Charter One Inc Racine, WI | $5,378,275 | $6,487,272 |
Rockford Rescue Mission Ministries Rockford, IL | $21,367,986 | $9,020,470 |
Hands Of Hope Of Illinois Joliet, IL | $1,296,526 | $5,994,753 |
Communities In Schools Of Chicago Chicago, IL | $8,973,055 | $9,274,759 |
Uw-Platteville Real Estate Foundation Inc Platteville, WI | $45,856,338 | $5,901,983 |
Iowa Western Community College Foundation Council Bluffs, IA | $36,011,501 | $4,880,435 |