Lear Mentoring Inc
- Assets
- $65.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Memphis, TN
- Founding
- 10/2018
- Data as of
- 06/2022
- EIN
- 82-5274358
Organization Overview
Lear Mentoring Inc is located in Memphis, TN. The organization was established in 2018. According to its NTEE Classification (A02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lear Mentoring 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, Lear Mentoring Inc generated $24.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (41.7%) each year. All expenses for the organization totaled $92.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDED MANAGEMENT AND TECHNICAL SERVICES TO UNDER-RESOURCED, EMERGING, DISTRESSED, MINORITY-LED AND OTHER ORGANIZATIONS, PARTICULARLY WHERE SUCH SERVICES ARE NOT AVAILABLE AND/OR NOT OTHERWISE AFFORDABLE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Barzel Trustee | 1 | $0 | |
Jim Boyd Trustee | 1 | $0 | |
Robert Fockler Trustee | 1 | $0 | |
Ann Langston Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,519 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $24,519 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $83,160 |
| Professional fees and other payments to independent contractors | $1,669 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $7,711 |
| Total expenses | $92,540 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $64,974 |
| Other assets | $0 |
| Total assets | $64,974 |
| Total liabilities | $0 |
| Net assets or fund balances | $64,974 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lear Mentoring Inc has recieved totaling $70,001.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $70,001 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Arts Strategies Inc Alexandria, VA | $10,002,250 | $2,044,750 |
Kentucky Association Of School Councils Danville, KY | $343,943 | $389,226 |
Live Oak Foundation Inc Sanford, NC | $4,704,664 | $427,441 |
Alabama Dance Council Inc Birmingham, AL | $120,959 | $249,457 |
Creative Exchanges Initiative Inc Birmingham, AL | $8,810 | $5,773 |
Lear Mentoring Inc Memphis, TN | $64,974 | $0 |
Riddicks Folly Inc Suffolk, VA | $845,378 | $124,942 |
Mccracken Kitty Kat Rescue Cleveland, TN | $39,527 | $0 |
Association Of Propasal Management Professionals Dumfries, VA | $197,798 | $0 |
Greenhouse Ministries Inc Acworth, GA | $1,500 | $0 |
Quadrangle Management Company Saint Louis, MO | $10,347,424 | $432,911 |