Learning Source
- Assets
- $2.2m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 94
- Location
- Denver, CO
- Founding
- 10/1968
- Data as of
- 06/2022
- EIN
- 84-0585638
Organization Overview
Learning Source is located in Denver, CO. The organization was established in 1968. As of 06/2022, Learning Source employed 94 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Learning Source 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, Learning Source generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $3.1m during the year ending 06/2022. While expenses have increased by 9.3% 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
THE LEARNING SOURCE PROMOTES AND PROVIDES EDUCATIONAL OPPORTUNITIES THROUGH COLLABORATIVE PARTNERSHIPS FOR ADULTS AND FAMILIES TO SUPPORT THEIR FUTURE ACHIEVEMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAM OFFERS INSTRUCTION IN THE CORE PROGRAMS OF: FAMILY LITERACY, ADULT BASIC EDUCATION, ENGLISH LANGUAGE ACQUISITION, LEARNING COLLABORATION AND DISTANCE LEARNING. APPROXIMATELY 2,000 INDIVIDUAL STUDENTS WERE SERVED DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Evans Executive Director | Officer | 40 | $129,461 |
Anna Gallegos Treasurer | Officer | 1 | $0 |
Bentley Smith President | Officer | 2 | $0 |
Amy Savich Secretary | Officer | 2 | $0 |
William Lamping Vice President | Officer | 2 | $0 |
Nita Bratt Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,215,803 |
| All other contributions, gifts, grants, and similar amounts not included above | $151,839 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,367,642 |
| Total Program Service Revenue | $53 |
| 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 | $3,367,695 |
| 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. | $129,642 |
| Compensation of current officers, directors, key employees. | $18,211 |
| Compensation to disqualified persons | $2,170,739 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $122,905 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,573 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,280 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $230,192 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,287 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,294 |
| Insurance | $0 |
| All other expenses | $2,069 |
| Total functional expenses | $3,115,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $852,693 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $536,500 |
| 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 | $7,989 |
| Net Land, buildings, and equipment | $772,935 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,170,117 |
| Accounts payable and accrued expenses | $120,592 |
| 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 | $620,538 |
| Total liabilities | $741,130 |
| Net assets without donor restrictions | $1,428,987 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,170,117 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Learning Source has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Temple Hoyne Buell Foundation Denver, CO PURPOSE: THE EARLY CHILDHOOD COMPONENT OF THE FAMILY LITERACY PROGRAM (TWO PAYMENTS - CONDITIONAL) | $20,000 |
Mel Wolf Foundation Denver, CO PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association Of Former Students Of Texas A & M University College Station, TX | $202,537,498 | $46,927,604 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Partnerships To Uplift Communities Los Angeles Burbank, CA | $14,420,401 | $24,912,837 |
Synergy Academies Los Angeles, CA | $22,403,920 | $21,618,793 |
Heritage Hall Oklahoma City, OK | $29,893,924 | $20,863,460 |
San Diego Jewish Academy San Diego, CA | $60,657,178 | $18,702,706 |
College Preparatory School Oakland, CA | $86,770,968 | $29,982,508 |
Literacy First Charter Schools El Cajon, CA | $29,290,072 | $23,446,904 |
De Toledo High School West Hills, CA | $54,114,350 | $20,796,544 |
Saybrook University Pasadena, CA | $17,039,418 | $21,644,889 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Lighthouse Academies Of Arkansas Inc North Little Rock, AR | $582,799 | $18,301,867 |