Ark Institute Of Learning
- Assets
- $1.2m
- Revenue
- $818.5k
- Investments
- $0.0
- Employees
- 8
- Location
- Tacoma, WA
- Founding
- 03/2007
- Data as of
- 12/2021
- EIN
- 91-1713751
Organization Overview
Ark Institute Of Learning is located in Tacoma, WA. The organization was established in 2007. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. As of 12/2021, Ark Institute Of Learning employed 8 individuals. This organization is the central organization for a national or regional group of organizations. Ark Institute Of Learning 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 12/2021, Ark Institute Of Learning generated $818.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $717.0k during the year ending 12/2021. While expenses have increased by 3.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO DIMINISH THE IMPACT OF LEARNING DISORDERS IN THE LIVES OF INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BASIC SERVICES:AS A CLINIC DEVOTED TO HELPING NORMALLY INTELLIGENT STUDENTS WHO ARE NOT SUCCEEDING IN THEIR CLASSROOM, IDENTIFYING THE CAUSES OF FAILURE AND THE ROUTES TO SUCCESS IS IMPERATIVE. HENCE THE CLINIC'S CORE PURPOSE IS CAREFUL ASSESSMENT AND THERAPEUTIC INSTRUCTION. STUDENTS SUCCEED WITH INDIVIDUALLY DESIGNED INSTRUCTION CRAFTED BY HIGHLY TRAINED PROFESSIONAL CLINICIANS.TOTAL STUDENTS SERVED IN 2021 122.
1SCHOLARSHIP PROGRAM: AN INDEPENDENT SCHOLARSHIP BOARD REVIEWS APPLICATIONS FOR ASSISTANCE TO LEARNING DISABLED CHILDREN AND ADULTS. THE CRITERIA, ESTABLISHED BY THE BOARD AFTER REVIEWING THE PROGRAMS OF OTHER NON-PROFIT SERVICE AGENCIES IN THIS COMMUNITY, IS BASED ON FINANCIAL NEED COUPLED WITH LEARNING DISABILITY FORTY-SEVEN SCHOLARSHIPS WERE PROVIDED IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marni R Graveline Executive Director | 36 | $96,600 | |
Sheri Hamlow Educational Therapist | 40 | $85,130 | |
Diane L Kehm Admin Manager | 32 | $59,432 | |
Gary Methner Secretary | OfficerTrustee | 2 | $0 |
Julie Neff-Lippman Chairman | OfficerTrustee | 10 | $0 |
Mary Senecal Director | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $450,943 |
| Noncash contributions included in lines 1a–1f | $102,639 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $450,943 |
| Total Program Service Revenue | $339,891 |
| Investment income | $26,325 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $455 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $897 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $818,511 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $90,201 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $245,499 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $141,621 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,556 |
| Payroll taxes | $33,388 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,620 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,485 |
| Office expenses | $11,300 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,084 |
| Travel | $0 |
| 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 | $18,639 |
| Insurance | $6,931 |
| All other expenses | $21,821 |
| Total functional expenses | $716,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,703 |
| Savings and temporary cash investments | $399,502 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$1,034 |
| 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 | $144 |
| Net Land, buildings, and equipment | $547,675 |
| Investments—publicly traded securities | $270,367 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,235,357 |
| Accounts payable and accrued expenses | $3,031 |
| 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 | $3,031 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,050,553 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $181,773 |
| Total liabilities and net assets/fund balances | $1,235,357 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Ark Institute Of Learning has recieved totaling $185,801.
| Awarding Organization | Amount |
|---|---|
The Yao Yuan Sze Foundation Bellevue, WA PURPOSE: EDUCATIONEDUCATION | $50,000 |
The Yao Yuan Sze Foundation Bellevue, WA PURPOSE: EDUCATION | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $32,150 |
Gottfried & Mary Fuchs Foundation Phoenix, AZ PURPOSE: CHARITABLE | $12,000 |
Korum For Kids Foundation Puyallup, WA PURPOSE: SCHOLARSHIPS FOR STUDENTS THAT HAVE FINANCIAL NEED AND STRUGGLE WITH LEARNING DISORDERS | $10,000 |
William And Joyce Edwards Foundation University Place, WA PURPOSE: GENERAL OPERATIONS FOR HELPING INDIVIDUALS OF ALL AGES OVERCOME LERNING CHALLENGES BY PROVIDING RESEARCH-BASED EVALUATIONS AND INSTRUCTION. | $9,000 |
Endowment Analysis
| Beg. Balance | $294,292 |
| Earnings | $6,814 |
| Net Contributions | $40,266 |
| Grants | $19,305 |
| Ending Balance | $322,067 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Humanitae Advisors Seattle, WA | $9,991,179 | $3,132,979 |
Page Ahead Childrens Literacy Prgm Seattle, WA | $915,265 | $1,203,439 |
The Reading Foundation Kennewick, WA | $2,541,979 | $1,421,943 |
Literacy Source Seattle, WA | $581,873 | $1,208,747 |
Literacy Council Of Alaska Fairbanks, AK | $459,917 | $1,046,251 |
The Reading Foundation Kennewick, WA | $442,946 | $841,516 |
Ark Institute Of Learning Tacoma, WA | $1,235,357 | $818,511 |
Team Read Seattle, WA | $1,046,049 | $1,014,853 |
The Reading Foundation Lacey, WA | $324,644 | $370,404 |
Story Works Alaska Anchorage, AK | $75,887 | $0 |
Falis Community Service Kent, WA | $2,862 | $0 |
Street Books Portland, OR | $124,061 | $0 |