Learning Web INC EIN 16-1494941

Learning Web INC FY2020 filing

EIN  16-1494941 Public charity (501(c)(3)) Ithaca, NY
Form 990 (PDF)
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Size
$1–10M
What they do
Connects youth with mentors to teach job and life skills through hands-on apprenticeships.
Leadership
Sally Schwartzbach · Executive Director (part Year) · $55K
Money in and out
$932K revenue, $834K expenses
Bottom line
90% program efficiency

Connects youth with mentors to teach job and life skills through hands-on apprenticeships. For fiscal year 2020 it reported $932K in revenue, $834K in expenses, and $218K in net assets.Pt I

Where the money goes · FY2020
Total revenue
$932K
Pt VIII · Ln 12
Total expenses
$834K
Pt IX · Ln 25
Net assets
$218K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $97K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.10 Fundraising $0.01
Program efficiency
90%
of spending reaches programs
Operating runway
2.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+10%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$932K
FY2020
Expenses
$834K
FY2020
Total assets
$450K
FY2020
Total liabilities
$232K
FY2020
Total revenue
$932K
Pt VIII · Ln 12
Total expenses
$834K
Pt IX · Ln 25
Net assets
$218K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$97K
Total assetsPt X · Ln 16$450K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

2 program services account for $750K of program spending, described in the organization's own filed words · FY2020.
01

The youth outreach program. Youth outreach offers support and assistance to young people, ages 16-25, who are homeless and living on their own without a parent or guardian. These homeless young people receive help for all aspects of independent living with the goal of moving with confidence toward self-sufficiency.

$475Kprogram expense
02

The youth exploration program. Youth exploration offers community learning experiences to youth, age 12 and older, who are living at home and attending school. Tailored to each young person's interests, youth engagement programs include career exploration tours, apprenticeships, and community service.

$275Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLearning Web INC
EINHdr · item D16-1494941
Principal addressHdr · item CIthaca, NY
WebsiteHdr · item Jwww.learning-web.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFAug 1996

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director (part Year)
$54,824Pt VII · Sec A
Executive Director (part Year)
$23,300Pt VII · Sec A
Executive Director (part Year)
$15,792Pt VII · Sec A
Director (part Year)
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director/Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Olan Mack’s $86K as Executive Director is at the 17th percentile of top reported officer pay among 1547 $1–10M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Olan Mack$86,346$77,250$53,207
Richard Alvord$46,465$56,461
Sally Schwartzbach$54,824
Danielia Barron$38,702$15,792
Neoma Mullens$23,300

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants100%$932K
Other revenue$201
— government grantsLn 1e$766K
Total revenueLn 12$932K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10 Fundraising $0.01
Program services90%$750K
Management & general10%$79K
Fundraising1%$5K
Total functional expensesLn 25$834K

Balance Sheet

Part X · end of year
CashLn 1$165K
Total assetsLn 16$450K
Total liabilitiesLn 26$232K
Total net assetsLn 32$218K
Months of cash on handcomputed2.4

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $165K · Operating expenses/yr $834K
2.4 months
Where the money goes
Program services
Program services $750K · Total expenses $834K
90%
Management & General
Management & general $79K · Total expenses $834K
10%
Fundraising
Fundraising $5K · Total expenses $834K
1%
Cost to raise $1
Fundraising expense $5K · Solicited contributions $166K
$0.03 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $932K · Total revenue $932K
100%
Government reliance
Government grants $766K · Total revenue $932K
82%
Earned-income share
Program service revenue $0 · Total revenue $932K
0%
Investment reliance
Investment income $0 · Total revenue $932K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $834K
0%
Growth & trend
Revenue growth (YoY)
This year $932K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $218K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $932K · Expenses $834K
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $450K
Net-asset ratio
Net assets $218K · Total assets $450K
48%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $450K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Sally Schwartzbach · Reported title EXECUTIVE DIRECTOR (PART YEAR) · Highest reported compensation $55K · Total expenses $834K
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $498K · Total expenses $834K
60%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 10%
Fundraising cost ratio 1%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 4 grants · $228K · 2021–2024
Unitemized GrantFY2024$77,611
Unitemized GrantFY2023$93,762
Unitemized GrantFY2022$46,775
Unitemized GrantFY2021$9,516

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.3M revenue · ⤓ 990 PDF
FY2023$1.3M revenue · ⤓ 990 PDF
FY2022$547K revenue · ⤓ 990 PDF
FY2021$990K revenue · ⤓ 990 PDF
FY2020$932K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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