Lena Foundation FY2021 filing

Tax-deductible

Louisville, CO501(c)(3)Since 2008EducationEIN 26-3784465Revenue $11.2M in FY2021

On file with the IRSlena.org361 Centennial Pkwy Ste 100, 80027-1280 · Louisville, COTax-exempt since Sep 2010Publicly supported — 509(a)(2)

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Lena helps communities boost school readiness and improve child outcomes through early talk. Lena works with a wide range of partner organizations to improve early language environments and boost kindergarten readiness.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$973K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $49K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$973K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $1.3M
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.3M
32% of total assets
Looks good: liabilities are 32% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 6 voting members
Looks good: 4 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.2M
+97% vs prior year
Spent
$8.1M
To programs
82%
Net assets
$4.7M
By yearFY2020–FY2024
Revenue
$11.2M
FY2021▲ +97%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.7M
FY2021$11.2M
FY2022$8.6M
FY2023$13.1M
FY2024$6.3M
Expenses
$8.1M
FY2021+0.1%
Tap a bar for its year
Expenses by fiscal year
FY2020$8.1M
FY2021$8.1M
FY2022$8.6M
FY2023$9.5M
FY2024$10.3M
Net assets
$4.7M
FY2021▲ +180%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.7M
FY2021$4.7M
FY2022$4.7M
FY2023$8.4M
FY2024$4.4M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $6.7M Management & general 12% · $968K Fundraising 6% · $488K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990; $973K paid to officers and key staff.

Part VII, Section A · reportable compensation
$203,601Pt VII · Sec A
Chief Information & Operations Officer
$181,513Pt VII · Sec A
Chief Research & Evaluation Officer
$154,378Pt VII · Sec A
Chief Growth Officer
$146,229Pt VII · Sec A
Technical Architect/SR Program Director
$136,917Pt VII · Sec A
Principal, Philanthropy Partnerships
$127,610Pt VII · Sec A
$12,033Pt VII · Sec A
Secretary/Treasurer
$11,001Pt VII · Sec A

Stephen M Hannon PHD’s $261K as President and CEO is at the 92nd percentile of top reported officer pay among 3394 $1–10M education 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Stephen M Hannon PHD$261,317$230,430$219,808$203,601$193,772
Sahar Bou-Ghazale Toukmaji$241,691$236,069$230,361——
Maria Rocio O'Keefe$209,170————
Jessica Simmons——$199,185$146,229$155,950
Vince Swartout$183,388$179,184$178,503$181,513$175,268
Jodi Whiteman$181,361$162,196———
Katharine Correll$170,558$152,855—$127,610—
Carole Brite$161,322$154,960$150,096——

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.

See Lena Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Boosts school readiness and child outcomes by improving early language environments through talk.

Provided by the organization

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1 program · $6.7M · in their own filed words · FY2021
01

Lena foundation (lena) transforms children's futures through early talk technology and data-driven programs. Lena's core technology is the lena system, the standard for automatically measuring talk with children, a critical factor in early brain development and predictive of both cognitive and social emotional development.

$6.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 85 grants · $2.4M · 2020–2023
Birmingham TalksAL · FY2023$149,946
WhedcoNY · FY2023$44,600
Acelero LearningFY2023$32,768
Grand Street Settlement INCNY · FY2023$30,000
Little Einstein's AcademyFY2023$22,246
San Jose Public LibraryFY2023$20,000
Gunnison-Hinsdale Early Childhood CouncilFY2023$19,439
Early Childhood Partners INCCO · FY2023$11,003
New Deal Design LLCFY2023$6,079
University of MemphisFY2022$51,425
Northern Illinois UniversityFY2022$23,000
Jefferson CountyFY2022$22,628
See all 85 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$11.2M
Ln 12
Gifts and grantsLn 1h$8.7M
Other incomeLn 4–11$2.5M
Investment incomeLn 3$266
Money outPt IX
$8.1M
Ln 25
Programscol B$6.7M
Managementcol C$968K
Fundraisingcol D$488K
Owns and owesPt X
$4.7M
net assets · Ln 32
Cash and savingsLn 1–2$4.4M
Total assetsLn 16$7.0M
LiabilitiesLn 26$2.3M
PeoplePt VI, VII
12
listed · VII A
PaidVII A8
Voting boardVI 1a6
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.7M
Noncash giftsLn 1g$161K
Investment incomeLn 3$266
Other incomeLn 4–11$2.5M
Gains on assetsLn 7−$13K
Total revenueLn 12$11.2M
Assets in detailPt X, end of year
CashLn 1$335K
SavingsLn 2$4.0M
Cash and savings togetherLn 1–2$4.4M
Land, buildings, equipmentLn 10c$393K
Other assetsLn 15$0
Total assetsLn 16$7.0M
LiabilitiesLn 26$2.3M
Net assetsLn 32$4.7M
OperationsPt I, VI
EmployeesI 561
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$3.8M$4.4M
Land, buildings, equipmentLn 10c$545K$393K
Total assetsLn 16$5.5M$7.0M
LiabilitiesLn 26$3.8M$2.3M
Net assetsLn 32$1.7M$4.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$715K$715K
Pay of current officers, directors and key staffLn 5$492K$418K$74K
Pay of disqualified personsLn 6$60K$51K$9K
Other salaries and wagesLn 7$3.8M$3.0M$451K$302K
Other employee benefitsLn 9$661K$536K$79K$46K
Payroll taxesLn 10$328K$266K$39K$23K
Legal feesLn 11b$170K$51K$119K
Investment management feesLn 11f$27K$22K$3K$2K
Other fees for servicesLn 11g$472K$438K$18K$16K
Office expensesLn 13$28K$22K$3K$2K
Information technologyLn 14$392K$317K$48K$27K
OccupancyLn 16$675K$545K$83K$47K
TravelLn 17$56K$46K$7K$4K
InterestLn 20$11K$9K$1K$638
Depreciation, depletion and amortizationLn 22$161K$130K$20K$11K
InsuranceLn 23$50K$40K$6K$4K
Other expenses (24a–d)Ln 24$79K$70K$6K$3K
Total functional expensesLn 25$8.1M$6.7M$968K$488K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $6.3M$10.3M−$4.0M$4.4M 990 PDF
FY2023 $13.1M$9.5M$3.7M$8.4M 990 PDF
FY2022 $8.6M$8.6M$50K$4.7M 990 PDF
FY2021 Viewing $11.2M$8.1M$3.0M$4.7M 990 PDF
FY2020 $5.7M$8.1M−$2.5M$1.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $11,160,800 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,583,332$8,709,420
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year −$1,367−$12,305
I-11 Other revenuePrior year $2,095,813$2,463,685
I-12 Total revenuePrior year $5,677,778$11,160,800
I-13 Grants and similar amounts paidPrior year $1,683,749$714,564
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,545,045$5,304,481
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,901,105$2,121,962
I-18 Total expensesPrior year $8,129,899$8,141,007
I-19 Revenue less expensesPrior year −$2,452,121$3,019,793
Part VI · Governance 4 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $11,160,800 across 6 lines filed
Lines not itemized here account for $2,463,685 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$8,709,420
VIII-1g Noncash contributions (included above)$161,152
VIII-1h Total contributions, gifts and grants$8,709,420
VIII-3 Investment incomeExcluded from tax $266$266
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$12,571−$12,571
VIII-12 Total revenueRelated to mission $2,463,685 · Unrelated business $0 · Excluded from tax −$12,305$11,160,800
Part IX · Statement of functional expenses $8,141,007 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $714,564$714,564
IX-5 Pay of current officers, directors and key staffPrograms $418,025 · Management $73,769$491,794
IX-6 Pay of disqualified personsPrograms $51,026 · Management $9,005$60,031
IX-7 Other salaries and wagesPrograms $3,010,608 · Management $451,414 · Fundraising $301,533$3,763,555
IX-9 Other employee benefitsPrograms $535,523 · Management $79,337 · Fundraising $46,280$661,140
IX-10 Payroll taxesPrograms $265,649 · Management $39,355 · Fundraising $22,957$327,961
IX-11b Legal feesPrograms $50,976 · Management $118,944$169,920
IX-11f Investment management feesPrograms $22,110 · Management $3,372 · Fundraising $1,915$27,397
IX-11g Other fees for servicesPrograms $438,176 · Management $17,828 · Fundraising $16,491$472,495
IX-13 Office expensesPrograms $22,266 · Management $3,396 · Fundraising $1,929$27,591
IX-14 Information technologyPrograms $316,638 · Management $48,291 · Fundraising $27,424$392,353
IX-16 OccupancyPrograms $544,638 · Management $83,065 · Fundraising $47,173$674,876
IX-17 TravelPrograms $45,520 · Management $6,942 · Fundraising $3,942$56,404
IX-20 InterestPrograms $8,542 · Management $1,412 · Fundraising $638$10,592
IX-22 Depreciation, depletion and amortizationPrograms $129,960 · Management $19,820 · Fundraising $11,256$161,036
IX-23 InsurancePrograms $40,431 · Management $6,166 · Fundraising $3,502$50,099
IX-24 Other expenses (24a–d)Programs $70,377 · Management $5,627 · Fundraising $3,195$79,199
IX-25 Total functional expensesPrograms $6,685,029 · Management $967,743 · Fundraising $488,235$8,141,007
Part X · Balance sheet $6,954,124 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $475,468$335,465
X-2 Savings and temporary cash investmentsStart of year $3,367,319$4,039,475
X-3 Pledges and grants receivableStart of year $203,763$1,275,136
X-4 Accounts receivableStart of year $328,871$294,803
X-8 Inventories for sale or useStart of year $438,144$385,558
X-9 Prepaid expenses and deferred chargesStart of year $75,191$230,633
X-10c Land, buildings and equipment, netStart of year $544,765$393,054
X-15 Other assetsStart of year $54,831$0
X-16 Total assetsStart of year $5,488,352$6,954,124
X-17 Accounts payable and accrued expensesStart of year $418,674$645,937
X-19 Deferred revenueStart of year $799,925$763,836
X-25 Other liabilitiesStart of year $207,421$849,503
X-26 Total liabilitiesStart of year $3,813,297$2,259,276
X-27 Net assets without donor restrictionsStart of year $1,504,089$4,544,848
X-28 Net assets with donor restrictionsStart of year $170,966$150,000
X-32 Total net assets or fund balancesStart of year $1,675,055$4,694,848
X-33 Total liabilities and net assetsStart of year $5,488,352$6,954,124
Part XI · Reconciliation of net assets $4,694,848 net assets at year end
XI-1 Total revenue$11,160,800
XI-2 Total expenses$8,141,007
XI-3 Revenue less expenses$3,019,793
XI-4 Net assets at start of year$1,675,055
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,694,848

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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