Learning Differences Resource Group EIN 38-2612860

Learning Differences Resource Group FY2021 filing

EIN  38-2612860 Public charity (501(c)(3)) Grand Rapids, MI Founded 1985
Form 990 (PDF)
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Size
$1–10M
What they do
Empowering students with learning differences to reach their full potential.
Leadership
Nanette F Clatterbuck · Executive Di · $70K
Money in and out
$995K revenue, $848K expenses
Bottom line
96% program efficiency

Empowering students with learning differences to reach their full potential. For fiscal year 2021 it reported $995K in revenue, $848K in expenses, and $1.7M in net assets.Pt I

Where the money goes · FY2021
Total revenue
$995K
Pt VIII · Ln 12
Total expenses
$848K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $148K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.02 Fundraising $0.02
Program efficiency
96%
of spending reaches programs
Operating runway
7.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+15%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$995K
FY2021
Expenses
$848K
FY2021
Total assets
$2.2M
FY2021
Total liabilities
$498K
FY2021
Total revenue
$995K
Pt VIII · Ln 12
Total expenses
$848K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$148K
Total assetsPt X · Ln 16$2.2M
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $702K of program spending, described in the organization's own filed words · FY2020.
01

To transform lives by empowering students with learning differences to achieve their full potential.

$702Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLearning Differences Resource Group
EINHdr · item D38-2612860
Principal addressHdr · item CGrand Rapids, MI
WebsiteHdr · item Jwww.mylma.org
Year of formationHdr · item L1985
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFDiseases & Disorders (G86Z)
Ruling yearIRS BMFMay 1986

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
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 · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$70,000Pt VII · Sec A
$0Pt VII · Sec A
Treasuer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
-Chairperson
$0Pt VII · Sec A

Martha Boks’s $78K as CEO is at the 11th percentile of top reported officer pay among 731 $1–10M diseases & disorders 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 · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Martha Boks$78,088
Nanette F Clatterbuck$58,193$70,000$70,000$70,000

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
Program service revenue$718K · 72%
Contributions & grants$256K · 26%
Investment income$8K · 1%
Other revenue$13K · 1%
Program service revenue72%$718K
Contributions & grants26%$256K
Investment income1%$8K
Other revenue1%$13K
— government grantsLn 1e$110K
Total revenueLn 12$995K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.02 Fundraising $0.02
Program services96%$813K
Management & general2%$20K
Fundraising2%$15K
Total functional expensesLn 25$848K

Balance Sheet

Part X · end of year
CashLn 1$498K
Total assetsLn 16$2.2M
Total liabilitiesLn 26$498K
Total net assetsLn 32$1.7M
Months of cash on handcomputed7.0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $498K · Operating expenses/yr $848K
7.0 months
Where the money goes
Program services
Program services $813K · Total expenses $848K
96%
Management & General
Management & general $20K · Total expenses $848K
2%
Fundraising
Fundraising $15K · Total expenses $848K
2%
Cost to raise $1
Fundraising expense $15K · Solicited contributions $146K
$0.10 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $256K · Total revenue $995K
26%
Government reliance
Government grants $110K · Total revenue $995K
11%
Earned-income share
Program service revenue $718K · Total revenue $995K
72%
Investment reliance
Investment income $8K · Total revenue $995K
+1%
Program self-sufficiency
Program service revenue $718K · Total expenses $848K
85%
Growth & trend
Revenue growth (YoY)
This year $995K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $1.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $995K · Expenses $848K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $2.2M
Net-asset ratio
Net assets $1.7M · Total assets $2.2M
78%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.2M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Nanette F Clatterbuck · Reported title EXECUTIVE DI · Highest reported compensation $70K · Total expenses $848K
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $543K · Total expenses $848K
64%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 2%
Fundraising cost ratio 6%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 2%

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 · funders on record
Grants received · FY2023
Total grants receivedfrom 2 funders$6K

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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$1.0M revenue · ⤓ 990 PDF
FY2023$1.1M revenue · ⤓ 990 PDF
FY2022$1.1M revenue · ⤓ 990 PDF
FY2021$995K revenue · viewing · ⤓ 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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