Learning Source
- Assets
- $3.2m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 10/1968
- Data as of
- 06/2023
- EIN
- 84-0585638
Organization Overview
Learning Source is located in Denver, CO. The organization was established in 1968. 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 06/2023, Learning Source generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $3.1m during the year ending 06/2023. While expenses have increased by 7.8% per year over the past 8 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
2023
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 | $171,876 |
Lisa Hidalgo Board Member | Trustee | 1 | $0 |
Anna Gallegos Treasurer | Officer | 1 | $0 |
Nita Bratt Board Member | Trustee | 0 | $0 |
Bentley Smith President | Officer | 2 | $0 |
Amy Savich Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,536,339 |
| All other contributions, gifts, grants, and similar amounts not included above | $257,259 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,793,598 |
| Total Program Service Revenue | $0 |
| Investment income | $2,271 |
| 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 | $3,795,869 |
| 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 | $1,815,367 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $180,841 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| 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 | $250,812 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $247,148 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $38,700 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $188,126 |
| Insurance | $0 |
| All other expenses | $2,579 |
| Total functional expenses | $3,061,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,224,683 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $581,102 |
| 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 | $38,624 |
| Net Land, buildings, and equipment | $1,321,776 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,740 |
| Total assets | $3,192,925 |
| Accounts payable and accrued expenses | $32,163 |
| 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 | $997,456 |
| Total liabilities | $1,029,619 |
| Net assets without donor restrictions | $2,163,306 |
| 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 | $3,192,925 |