The Gift Of Learning Foundation Inc
- Assets
- $1.8m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 22
- Location
- Orlando, FL
- Founding
- 03/1992
- Data as of
- 06/2021
- EIN
- 59-3085393
Organization Overview
The Gift Of Learning Foundation Inc is located in Orlando, FL. The organization was established in 1992. As of 06/2020, Gift Of Learning Foundation Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gift Of Learning Foundation 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 06/2021, Gift Of Learning Foundation Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $1.6m during the year ending 06/2021. While expenses have increased by 6.9% per year over the past 6 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 PROVIDE HIGH QUALITY EDUCATION IN A PRIVATE SETTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICE TO PROVIDE HIGH QUALITY EDUCATION IN A PRIVATE SETTING.
PROGRAM SERVICE EDUCATIONAL EXPENSES
PROGRAM SERVICE TO PROVIDE HIGH QUALITY EDUCATION IN A PRIVATE SETTING.
PROGRAM SERVICE EDUCATIONAL EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina James VP | Officer | 50 | $38,500 |
Jennifer Kite VP | Officer | 45 | $29,721 |
Gregory Kite President | Officer | 20 | $8,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $216,825 |
| All other contributions, gifts, grants, and similar amounts not included above | $485 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $216,825 |
| Total Program Service Revenue | $1,480,479 |
| 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 | $1,697,304 |
| 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 | $863,336 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $237,592 |
| Fees for services: Legal | $0 |
| 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 | $3,937 |
| Office expenses | $10,458 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $57,998 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,337 |
| Insurance | $26,802 |
| All other expenses | $79,746 |
| Total functional expenses | $1,571,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $242,191 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $113,653 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $308,148 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,056,621 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $52,899 |
| Other assets | $0 |
| Total assets | $1,773,512 |
| 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 | $287,596 |
| Unsecured mortgages and notes payable | $1,145,547 |
| Other liabilities | $194,082 |
| Total liabilities | $1,627,225 |
| 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 | $146,287 |
| Total liabilities and net assets/fund balances | $1,773,512 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Gift Of Learning Foundation Inc has recieved totaling $17.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
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|---|---|---|
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Lakeshore Estate Inc Nashville, TN | $27,064,642 | $18,022,154 |
Quality Care For Children Inc Atlanta, GA | $7,415,823 | $20,444,719 |
Ymca Of Greenville Greenville, SC | $74,183,434 | $25,853,650 |
Sarasota Manatee Jewish Housing Council Inc Sarasota, FL | $25,733,958 | $18,693,648 |
Carpenters Home Estates Inc Lakeland, FL | $64,229,461 | $19,045,367 |
Tri-Development Center Of Aiken County Aiken, SC | $11,301,624 | $21,352,454 |
Catholic Charities Of Tennessee Inc Nashville, TN | $6,708,389 | $19,282,106 |
Hinds County Human Resource Agency Jackson, MS | $2,640,686 | $19,218,444 |