Live and Learn Program EIN 47-2086218

Live and Learn Program FY2022 filing

EIN  47-2086218 Public charity (501(c)(3)) Phoenix, AZ
Form 990 (PDF)
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Size
$1–10M
What they do
Empowers women through education and career programs to achieve long-term self-sufficiency.
Leadership
Kristin Chatsworth · Executive Director
Money in and out
$914K revenue, $854K expenses
Bottom line
75% program efficiency

Empowers women through education and career programs to achieve long-term self-sufficiency. For fiscal year 2022 it reported $914K in revenue, $854K in expenses, and $645K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$914K
Pt VIII · Ln 12
Total expenses
$854K
Pt IX · Ln 25
Net assets
$645K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $61K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.13 Fundraising $0.12
Program efficiency
75%
of spending reaches programs
Operating runway
8.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+7%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$914K
FY2022▲ +4%
Expenses
$854K
FY2022▲ +48%
Total assets
$880K
FY2022▲ +19%
Total liabilities
$235K
FY2022▲ +49%
Total revenue
$914K
Pt VIII · Ln 12
Total expenses
$854K
Pt IX · Ln 25
Net assets
$645K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$61K
Total assetsPt X · Ln 16$880K
Program-expense ratioPt IX · col B75%
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 $644K of program spending, described in the organization's own filed words · FY2022.
01

In 2022, live learn provided ongoing supportive services for 192 adult women living in poverty in maricopa county through our signature economic empowerment for women program. Our support allowed 164 women to enroll in certification and degree programs 56 were the first in their family to pursue postsecondary education.

$644Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLive and Learn Program
EINHdr · item D47-2086218
Principal addressHdr · item CPhoenix, AZ
WebsiteHdr · item Jliveandlearnaz.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAZ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFFeb 2015

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 13Yes
Document retention policyPt VI · Ln 14Yes
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 Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director/Treasurer from 10/4/22
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kristin Chatsworth’s $53K as Executive Director (left 6/2024) is at the 4th 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2021FY2020
Kristin Chatsworth$93,505
Kristin Chatsworth$52,984$68,733$62,450
Stephanie Giannini$4,583

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$912K · 100%
Investment income$6K · 1%
Contributions & grants100%$912K
Investment income1%$6K
— government grantsLn 1e$411K
Total revenueLn 12$914K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.13 Fundraising $0.12
Program services75%$644K
Management & general13%$111K
Fundraising12%$99K
Total functional expensesLn 25$854K

Balance Sheet

Part X · end of year
CashLn 1$577K
Total assetsLn 16$880K
Total liabilitiesLn 26$235K
Total net assetsLn 32$645K
Months of cash on handcomputed8.1

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $577K · Operating expenses (Pt IX) $854K · Less non-cash grants $44K · Cash operating expenses/yr $810K
8.5 months
Where the money goes
Program services
Program services $644K · Total expenses $854K
75%
Management & General
Management & general $111K · Total expenses $854K
13%
Fundraising
Fundraising $99K · Total expenses $854K
12%
Cost to raise $1
Fundraising expense (3-yr avg) $69K · Solicited contributions (3-yr avg) $470K
$0.15 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $912K · Total revenue $914K
100%
Government reliance
Government grants $411K · Total revenue $914K
45%
Earned-income share
Program service revenue $0 · Total revenue $914K
0%
Investment reliance
Investment income $6K · Total revenue $914K
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $854K
0%
Growth & trend
Revenue growth (YoY)
This year $914K · Prior year $882K
+4%
Net-asset trend (YoY)
End of year $645K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $914K · Expenses $854K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $880K
Net-asset ratio
Net assets $645K · Total assets $880K
73%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $880K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kristin Chatsworth · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $0 · Total expenses $854K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $586K · Total expenses $854K
69%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 13%
Fundraising cost ratio 11%
Revenue growth 4%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 2%
Fundraising 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 · funders on record
Grants received · FY2024
See all 8 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)$1.1M revenue · ⤓ 990 PDF
FY2023$1.3M revenue · ⤓ 990 PDF
FY2022$914K revenue · viewing · ⤓ 990 PDF
FY2021$882K revenue · ⤓ 990 PDF
FY2020$412K revenue · ⤓ 990 PDF

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Sources

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