Learning Web INC EIN 16-1494941

Learning Web INC FY2021 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
Richard Alvord · Interim Executive Director · $56K
Money in and out
$990K revenue, $815K expenses
Bottom line
92% program efficiency

Connects youth with mentors to teach job and life skills through hands-on apprenticeships. For fiscal year 2021 it reported $990K in revenue, $815K in expenses, and $393K in net assets.Pt I

Where the money goes · FY2021
Total revenue
$990K
Pt VIII · Ln 12
Total expenses
$815K
Pt IX · Ln 25
Net assets
$393K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $175K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.08 Fundraising $0.00
Program efficiency
92%
of spending reaches programs
Operating runway
4.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+18%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$990K
FY2021▲ +6%
Expenses
$815K
FY2021▼ -2%
Total assets
$600K
FY2021▲ +33%
Total liabilities
$207K
FY2021▼ -11%
Total revenue
$990K
Pt VIII · Ln 12
Total expenses
$815K
Pt IX · Ln 25
Net assets
$393K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$175K
Total assetsPt X · Ln 16$600K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

2 program services account for $746K of program spending, described in the organization's own filed words · FY2021.
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.

$473Kprogram 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.

$274Kprogram 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 1a11
Independent voting membersPt VI · Ln 1b11
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
Interim Executive Director
$56,461Pt VII · Sec A
Executive Director (part Year)
$38,702Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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 & grants$982K · 99%
Other revenue$8K · 1%
Contributions & grants99%$982K
Other revenue1%$8K
— government grantsLn 1e$780K
Total revenueLn 12$990K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08 Fundraising $0.00
Program services92%$746K
Management & general8%$66K
Fundraising$3K
Total functional expensesLn 25$815K

Balance Sheet

Part X · end of year
CashLn 1$310K
Total assetsLn 16$600K
Total liabilitiesLn 26$207K
Total net assetsLn 32$393K
Months of cash on handcomputed4.6

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $310K · Operating expenses/yr $815K
4.6 months
Where the money goes
Program services
Program services $746K · Total expenses $815K
92%
Management & General
Management & general $66K · Total expenses $815K
8%
Fundraising
Fundraising $3K · Total expenses $815K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $4K · Solicited contributions (2-yr avg) $184K
$0.02 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $982K · Total revenue $990K
99%
Government reliance
Government grants $780K · Total revenue $990K
79%
Earned-income share
Program service revenue $0 · Total revenue $990K
0%
Investment reliance
Investment income $0 · Total revenue $990K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $815K
0%
Growth & trend
Revenue growth (YoY)
This year $990K · Prior year $932K
+6%
Net-asset trend (YoY)
End of year $393K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $990K · Expenses $815K
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $600K
Net-asset ratio
Net assets $393K · Total assets $600K
65%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $600K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Richard Alvord · Reported title INTERIM EXECUTIVE DIRECTOR · Highest reported compensation $56K · Total expenses $815K
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $481K · Total expenses $815K
59%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 8%
Fundraising cost ratio 0%
Revenue growth 6%
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 · viewing · ⤓ 990 PDF
FY2020$932K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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