Lear Mentoring Inc
- Assets
- $33.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Memphis, TN
- Founding
- 10/2018
- Data as of
- 06/2024
- 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 06/2024, Lear Mentoring Inc generated $46.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (22.5%) each year. All expenses for the organization totaled $37.8k during the year ending 06/2024. 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
2024
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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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 | |
William Short Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,001 |
| 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 | $46,001 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $28,785 |
| Professional fees and other payments to independent contractors | $1,575 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $7,435 |
| Total expenses | $37,795 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $33,059 |
| Other assets | $0 |
| Total assets | $33,059 |
| Total liabilities | $0 |
| Net assets or fund balances | $33,059 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Arts Strategies Inc Alexandria, VA | $8,211,592 | $1,313,986 |
Kentucky Association Of School Councils Danville, KY | $313,508 | $437,750 |
Alabama Dance Council Inc Birmingham, AL | $77,674 | $352,208 |
Live Oak Foundation Inc Sanford, NC | $5,000,521 | $1,134,428 |
Association Of Propasal Management Professionals Ashburn, VA | $58,375 | $0 |
Mccracken Kitty Kat Rescue Cleveland, TN | $37,645 | $0 |
Riddicks Folly Inc Suffolk, VA | $887,809 | $114,171 |
Lear Mentoring Inc Memphis, TN | $33,059 | $0 |
Creative Exchanges Initiative Inc Sylva, NC | $19,012 | $22,574 |
Greenhouse Ministries Inc Acworth, GA | $704 | $0 |
Latinas Rise Inc Peachtree Corners, GA | $0 | $0 |
Quadrangle Management Company Saint Louis, MO | $12,474,979 | $562,224 |
Tak University Greensboro, NC | $0 | $0 |