Innovative Learning Inc
- Assets
- $14.7m
- Revenue
- $15.8m
- Investments
- $0.0
- Employees
- 231
- Location
- Annapolis, MD
- Founding
- 03/1980
- Data as of
- 06/2022
- EIN
- 52-1173307
Organization Overview
Innovative Learning Inc is located in Annapolis, MD. The organization was established in 1980. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Innovative Learning Inc employed 231 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Innovative Learning 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 06/2022, Innovative Learning Inc generated $15.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $15.6m during the year ending 06/2022. While expenses have increased by 3.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO KEEP THE HARBOUR SCHOOL A SAFE PLACE WHERE CHILDREN WITH LEARNING DISABILITIES BECOME SUCCESSFUL LEARNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INNOVATIVE LEARNING, INC. (THE SCHOOL) PROVIDES STUDENTS WITH LEARNING DISABILITIES AND MULTIPLE DISABILITIES WITH EDUCATION, SOCIAL SKILLS TRAINING, JOB TRAINING AND COLLEGE PREPARATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha D Schneider Vice President | OfficerTrustee | 50 | $110,885 |
Linda Jacobs President And Executive Direc | OfficerTrustee | 50 | $87,570 |
Yvonne B Callaway Secretarytreasurer | OfficerTrustee | 10 | $0 |
Kathleen Fitch Member | Trustee | 2 | $0 |
Robin Vaughn Member | Trustee | 2 | $0 |
Sandra Liotta Member | Trustee | 2 | $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 | $389,219 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $389,219 |
| Total Program Service Revenue | $15,580,392 |
| Investment income | $35,470 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$288,957 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,755,864 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $29,390 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $198,455 |
| Compensation of current officers, directors, key employees. | $38,061 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,307,761 |
| Pension plan accruals and contributions | $431,020 |
| Other employee benefits | $1,942,956 |
| Payroll taxes | $747,581 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,123 |
| Fees for services: Accounting | $45,743 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,484 |
| Fees for services: Other | $62,204 |
| Advertising and promotion | $54,466 |
| Office expenses | $458,225 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,807,907 |
| Travel | $66,760 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $57,183 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $177,656 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $15,580,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,526,395 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,162,659 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $26,895 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $169,572 |
| Net Land, buildings, and equipment | $2,366,152 |
| Investments—publicly traded securities | $6,690,272 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $751,460 |
| Total assets | $14,693,405 |
| Accounts payable and accrued expenses | $566,755 |
| Grants payable | $0 |
| Deferred revenue | $1,383,947 |
| 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 | $1,950,702 |
| Net assets without donor restrictions | $12,683,659 |
| Net assets with donor restrictions | $59,044 |
| 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 | $14,693,405 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Innovative Learning Inc has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Truist Foundation Inc Orlando, FL PURPOSE: GENERAL OPERATING | $25,000 |
Baltimore Community Foundation Inc Baltimore, MD PURPOSE: GENERAL SUPPORT AND VARIOUS PROJECTS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Institute Of Pittsburgh Pittsburgh, PA | $161,136,560 | $38,389,576 |
Maryland School For The Blind Baltimore, MD | $195,153,982 | $44,682,438 |
Western Pennsylvania School For Blind Children Pittsburgh, PA | $69,573,969 | $29,978,055 |
Overbrook School For The Blind Philadelphia, PA | $240,732,911 | $37,096,319 |
Western Pennsylvania School For The Deaf Pittsburgh, PA | $151,023,004 | $35,138,209 |
The Benedictine School For Exceptional Children Inc Ridgely, MD | $11,283,116 | $24,781,335 |
Lab School Of Washington Washington, DC | $60,963,136 | $23,245,137 |
Depaul Community Resources Roanoke, VA | $12,194,514 | $23,378,306 |
Phillips Programs Annandale, VA | $24,790,311 | $22,425,625 |
The Education Center At The Watson Institute Sewickley, PA | $42,051,186 | $19,609,011 |
Valley Forge Educational Services Malvern, PA | $33,395,949 | $20,218,113 |
Alternative Paths Training School Inc Dumfries, VA | $29,662,762 | $20,489,291 |