Learning Differences Resource Group EIN 38-2612860

Learning Differences Resource Group FY2022 filing

EIN  38-2612860 Public charity (501(c)(3)) Grand Rapids, MI Founded 1985
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Learning Differences Resource Group claims this page.

Know this organization? Claim it to add your story

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
$1.1M revenue, $929K expenses
Bottom line
95% program efficiency

Empowering students with learning differences to reach their full potential. For fiscal year 2022 it reported $1.1M in revenue, $929K in expenses, and $1.7M in net assets.Pt I

Where the money goes · FY2022
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$929K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $135K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.02 Fundraising $0.03
Program efficiency
95%
of spending reaches programs
Operating runway
8.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+13%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$1.1M
FY2022▲ +7%
Expenses
$929K
FY2022▲ +10%
Total assets
$2.3M
FY2022▲ +2%
Total liabilities
$523K
FY2022▲ +5%
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$929K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$135K
Total assetsPt X · Ln 16$2.3M
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

1 program service account for $771K of program spending, described in the organization's own filed words · FY2021.
01

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

$771Kprogram expense

Run this program? Claim this org to tell your story

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 1a11
Independent voting membersPt VI · Ln 1b11
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 (FY2021); the FY2022 filing did not itemize Part VII
$70,000Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

See Learning Differences Resource Group executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Program service revenue$805K · 76%
Contributions & grants$194K · 18%
Other revenue$57K · 5%
Investment income$9K · 1%
Program service revenue76%$805K
Contributions & grants18%$194K
Other revenue5%$57K
Investment income1%$9K
— government grantsLn 1e$23K
Total revenueLn 12$1.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.02 Fundraising $0.03
Program services95%$881K
Management & general2%$18K
Fundraising3%$30K
Total functional expensesLn 25$929K

Balance Sheet

Part X · end of year
CashLn 1$669K
Total assetsLn 16$2.3M
Total liabilitiesLn 26$523K
Total net assetsLn 32$1.7M
Months of cash on handcomputed8.6

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $669K · Operating expenses/yr $929K
8.6 months
Where the money goes
Program services
Program services $881K · Total expenses $929K
95%
Management & General
Management & general $18K · Total expenses $929K
2%
Fundraising
Fundraising $30K · Total expenses $929K
3%
Cost to raise $1
Fundraising expense (2-yr avg) $23K · Solicited contributions (2-yr avg) $158K
$0.14 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $194K · Total revenue $1.1M
18%
Government reliance
Government grants $23K · Total revenue $1.1M
2%
Earned-income share
Program service revenue $805K · Total revenue $1.1M
76%
Investment reliance
Investment income $9K · Total revenue $1.1M
+1%
Program self-sufficiency
Program service revenue $805K · Total expenses $929K
87%
Growth & trend
Revenue growth (YoY)
This year $1.1M · Prior year $995K
+7%
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 $1.1M · Expenses $929K
+13%
Liabilities-to-Assets
Total liabilities — · Total assets $2.3M
Net-asset ratio
Net assets $1.7M · Total assets $2.3M
77%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.3M
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 $929K
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $584K · Total expenses $929K
63%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 2%
Fundraising cost ratio 16%
Revenue growth 7%
Investment management 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

Similar Organizations

Closest in mission — by what they do
See all organizations like Learning Differences Resource Group →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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 · viewing · ⤓ 990 PDF
FY2021$995K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.