Learning Outside INC EIN 45-2686552

Learning Outside INC

EIN  45-2686552 Public charity (501(c)(3)) Carrboro, NC
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Size
$100K–1M
What they do
Offers children hands-on outdoor learning to foster nature love and environmental stewardship.
Leadership
Wendy B Banning · Executive Di · $70K
Money in and out
$485K revenue, $434K expenses
Bottom line
74% program efficiency

Offers children hands-on outdoor learning to foster nature love and environmental stewardship. For fiscal year 2024 it reported $485K in revenue, $434K in expenses, and $552K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$485K
Pt VIII · Ln 12
Total expenses
$434K
Pt IX · Ln 25
Net assets
$552K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $51K
Where spending went · Part IX cols B–D
Program services $0.74 Management & general $0.18 Fundraising $0.08
Program efficiency
74%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
14.9mo
months of highly liquid reserves at operating expense rate▲ +6% vs prior filing year
Surplus margin
+10%
revenue over expenses, this year▼ -9% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$485K
FY2024▲ +5%
Expenses
$434K
FY2024▲ +6%
Total assets
$578K
FY2024▲ +8%
Total liabilities
$25K
FY2024▼ -23%
Total revenue
$485K
Pt VIII · Ln 12
Total expenses
$434K
Pt IX · Ln 25
Net assets
$552K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$51K
Total assetsPt X · Ln 16$578K
Program-expense ratioPt IX · col B74%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $321K of program spending, described in the organization's own filed words · FY2024.
01

Develop, plan, prepare and conduct outdoor learning programs for children in chapel hill, NC and surrounding areas. In 2024, the organization conducted 7 different educational programs in 27 sessions,serving 471 participants, 70 of whom were able to enroll based on scholarships provided by contributions to the organization.

$321Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLearning Outside INC
EINHdr · item D45-2686552
Principal addressHdr · item CCarrboro, NC
WebsiteHdr · item Jwww.learningoutside.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C60)
Ruling yearIRS BMFOct 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
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
Executive Di
$70,355Pt VII · Sec A
Member at La
$0Pt VII · Sec A
Member at La
$0Pt VII · Sec A
Member at La
$0Pt VII · Sec A
Member at La
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Wendy B Banning’s $70K as Executive Di is at the 52nd percentile of top reported officer pay among 1981 $100K–1M environment 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

NameFY2024FY2023FY2022FY2021FY2020
Wendy B Banning$81,860$84,475$87,668
Wendy B Banning$70,355$72,666

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$300K · 62%
Contributions & grants$163K · 34%
Investment income$21K · 4%
Program service revenue62%$300K
Contributions & grants34%$163K
Investment income4%$21K
Other revenue$1K
Total revenueLn 12$485K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.74 Management & general $0.18 Fundraising $0.08
Program services74%$321K
Management & general18%$76K
Fundraising8%$37K
Total functional expensesLn 25$434K

Balance Sheet

Part X · end of year
CashLn 1$527K
Total assetsLn 16$578K
Total liabilitiesLn 26$25K
Total net assetsLn 32$552K
Months of cash on handcomputed14.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $527K · Operating expenses (Pt IX) $434K · Less non-cash grants $9K · Cash operating expenses/yr $425K
14.9 months
Where the money goes
Program services
Program services $321K · Total expenses $434K
74%
Management & General
Management & general $76K · Total expenses $434K
18%
Fundraising
Fundraising $37K · Total expenses $434K
8%
Cost to raise $1
Fundraising expense (3-yr avg) $41K · Solicited contributions (3-yr avg) $141K
$0.29 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $163K · Total revenue $485K
34%
Government reliance
Government grants — · Total revenue $485K
Earned-income share
Program service revenue $300K · Total revenue $485K
62%
Investment reliance
Investment income $21K · Total revenue $485K
+4%
Program self-sufficiency
Program service revenue $300K · Total expenses $434K
69%
Growth & trend
Revenue growth (YoY)
This year $485K · Prior year $462K
+5%
Revenue CAGR
FY2020 $385K · FY2024 $485K
+6%
Net-asset trend (YoY)
End of year $552K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $485K · Expenses $434K
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $578K
Net-asset ratio
Net assets $552K · Total assets $578K
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $578K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Wendy B Banning · Reported title EXECUTIVE DI · Highest reported compensation $70K · Total expenses $434K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $307K · Total expenses $434K
71%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 74%
Overhead ratio 18%
Fundraising cost ratio 23%
Revenue growth 5%
Accounting fee ratio 0%

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 · FY2024
Total grants receivedfrom 3 funders$55K
See all 3 funders →

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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)$485K revenue · viewing · ⤓ 990 PDF
FY2023$462K revenue · ⤓ 990 PDF
FY2022$444K revenue · ⤓ 990 PDF
FY2021$534K revenue · ⤓ 990 PDF
FY2020$385K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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