Learning Economy Inc
- Assets
- $132.0k
- Revenue
- $604.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- Data as of
- 12/2021
- EIN
- 84-3436651
Organization Overview
Learning Economy Inc is located in Nashville, TN. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, 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. Learning Economy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A PROGRAM THAT FACILITATES EDUCATION ADVANCEMENT FOR INDIVIDUALS THROUGH THE USE OF AN ONLINE PORTAL THAT WILL ALLOW STUDENTS, PARENTS, TEACHERS, AND EMPLOYERS TO TRACK YOUTHS EDUCATIONAL JOURNEY STARTING FROM PRESCHOOL AND CONTINUING INTO ADULTHOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT OF TECHNOLOGY - DEVELOPED A PLATFORM TO BE USED BY EDUCATIONAL ENTITIES IN HELPING STUDENTS ACCESS THEIR SKILLS FOR EMPLOYMENT. CURRENTLY WE ARE WORKING ON SYSTEMS FOR THE STATE OF CO, TN, AND THE US CHAMBER OF COMMERCE. THOUSANDS OF PEOPLE WILL BENEFIT FROM THIS TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Purifoy President | OfficerTrustee | 20 | $16,450 |
Mark Simon Secretary | OfficerTrustee | 3 | $0 |
Jackson Smith Treasurer | OfficerTrustee | 25 | $0 |
Mamjula Dissanayake Director | Trustee | 1 | $0 |
Judit Arenas Director | Trustee | 1 | $0 |
Carissa Carter Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $120,500 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $381,088 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $501,588 |
| Total Program Service Revenue | $92,914 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,575 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $604,080 |
| 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. | $16,450 |
| Compensation of current officers, directors, key employees. | $3,290 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,406 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $912 |
| Fees for services: Accounting | $1,384 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $439,740 |
| Advertising and promotion | $0 |
| Office expenses | $156 |
| Information technology | $643 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $26,300 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,146 |
| All other expenses | $0 |
| Total functional expenses | $500,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,715 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,300 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $132,015 |
| Accounts payable and accrued expenses | $6,825 |
| 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 | $0 |
| Total liabilities | $6,825 |
| Net assets without donor restrictions | $20,949 |
| Net assets with donor restrictions | $104,241 |
| 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 | $132,015 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Learning Economy Inc has recieved totaling $16,322.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $16,322 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
College Foundation Inc Raleigh, NC | $52,338,286 | $27,866,306 |
Journey Community Schools Inc Memphis, TN | $16,345,861 | $21,829,852 |
American Association Of School Administrators Inc Alexandria, VA | $25,509,249 | $12,791,063 |
Virginia Commonwealth University School Of Business Foundation Richmond, VA | $84,853,521 | $9,838,833 |
Oak Service Corporation Memphis, TN | $2,447,800 | $4,272,484 |
Challenge Foundation Properties Inc Forest City, NC | $29,091,994 | $2,761,233 |
Union Square Campus Inc Greensboro, NC | $23,257,665 | $2,077,475 |
Georgia Leadership Institute For School Improvement Inc Duluth, GA | $3,684,980 | $2,207,807 |
The Circe Institute Inc Concord, NC | $692,773 | $1,911,107 |
Communities In Schools Of Virginia Richmond, VA | $3,555,532 | $2,971,566 |
Association Of Missouri Charterschools St Louis, MO | $819,935 | $1,356,566 |
Career And Technical Education Consortium Of States Inc Decatur, GA | $4,025,565 | $2,047,533 |