Looma Education Corporation
- Assets
- $18.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Menlo Park, CA
- Founding
- 11/2019
- Data as of
- 12/2022
- EIN
- 84-3424916
Organization Overview
Looma Education Corporation is located in Menlo Park, CA. The organization was established in 2019. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Looma Education Corporation 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 12/2022, Looma Education Corporation generated $92.0k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 38.2% each year . All expenses for the organization totaled $118.7k during the year ending 12/2022. While expenses have increased by 24.2% per year over the past 2 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
COVID AND A NATIONAL FOREIGN EXCHANGE CRISIS CONTINUED TO DELAY MANY STEPS, BUT THE FIRST 35 LOOMA SYSTEMS WERE ASSEMBLED, TEACHERS AND STUDENTS TRAINED, AND PUT INTO SERVICE IN THE SCHOOLS. INITIAL SURVEYS AND TESTS WERE CONDUCTED IN TREATMENT AND CONTROL SCHOOLS FOR THE LONG-TERM IMPACT STUDY, AND SIGNIFICANT IMPROVEMENTS MADE TO SOFTWARE AND CONTENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward P Stritter Board Chair And Technical Director | 30 | $0 | |
Owen David Sowerwine CFO And Board Member | 45 | $0 | |
John L Mcdonnell Board Member | 1 | $0 | |
Neela Gentile Board Member | 1 | $0 | |
Robert Fisher Board Member | 1 | $0 | |
Doug Molitor Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,464 |
| 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 | $92,047 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $118,694 |
| Total expenses | $118,694 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $18,376 |
| Other assets | $0 |
| Total assets | $18,376 |
| Total liabilities | $0 |
| Net assets or fund balances | $18,376 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Looma Education Corporation has recieved totaling $52,500.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $40,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Education | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Foundation San Francisco, CA | $136,274,072 | $130,699,963 |
The Chicago School - California Inc Los Angeles, CA | $127,785,110 | $98,235,232 |
Social Good Fund Richmond, CA | $64,387,201 | $85,650,973 |
Avid Center San Diego, CA | $134,506,037 | $61,146,519 |
Khan Academy Inc Mountain View, CA | $115,035,528 | $59,263,743 |
California School Employees Association San Jose, CA | $160,720,307 | $80,296,309 |
Prager University Foundation Sherman Oaks, CA | $86,724,321 | $65,499,557 |
The Oakland Public Education Fund Oakland, CA | $29,835,630 | $28,210,005 |
Unicare Community Health Center Inc Ontario, CA | $12,734,998 | $31,780,162 |
Spectrum Healthcare Group Inc Cottonwood, AZ | $17,862,058 | $29,292,227 |
University Studies Abroad Consortium Reno, NV | $41,233,258 | $28,044,577 |
Califa Group San Francisco, CA | $13,975,341 | $20,958,873 |