Learning Policy Institute EIN 47-2772048 Form 990 (PDF) Claim this org

Learning Policy Institute

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Improves learning for every child through independent, high-quality research. For fiscal year 2024 it reported $10.5M in revenue, $16.5M in expenses, and $30.6M in net assets.Pt I

Founded
2014
Type
Public charity (501(c)(3)) · Education
Location
East Palo Alto, CA
Website
learningpolicyinstitute.org
Filings
5 on file (2020–2024)
Revenue
$10.5MFY2024
Expenses
$16.5M
Net assets
$30.6M
People
14
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-2772048 Public charity (501(c)(3)) East Palo Alto, CA Founded 2014
Form 990 (PDF)
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Figures match the IRS filing checked 8/12/26 · see original: IRS
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Size
$10–100M
What they do
Improves learning for every child through independent, high-quality research.
Leadership
Linda Darling-Hammond · Director/CEO · $493K
Money in and out
$10.5M revenue, $16.5M expenses
Bottom line
84% program efficiency
Where the money goes · FY2024
Total revenue
$10.5M
Pt VIII · Ln 12
Total expenses
$16.5M
Pt IX · Ln 25
Net assets
$30.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$6.0M
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.14 Fundraising $0.02
Program efficiency
84%
of spending reaches programs▼ -0.6% vs prior filing year
Operating runway
20.1mo
months of highly liquid reserves at operating expense rate▼ -16% vs prior filing year
Surplus margin
-57%
revenue over expenses, this year▼ -301% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$10.5M
FY2024▼ -48%
Expenses
$16.5M
FY2024▲ +13%
Total assets
$35.8M
FY2024▼ -14%
Total liabilities
$5.2M
FY2024▼ -15%
Total revenue
$10.5M
Pt VIII · Ln 12
Total expenses
$16.5M
Pt IX · Ln 25
Net assets
$30.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$6.0M
Total assetsPt X · Ln 16$35.8M
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $13.8M of program spending, described in the organization's own filed words · FY2024.
01

Early Childhood Education. LPI research informed policymakers' efforts to provide universal access to high-quality early learning. Reports examined California's progress toward universal prekindergarten, integration in early childhood education, and coaching as a strategy for strengthening the early learning workforce. Educator Quality.

$13.8Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLearning Policy Institute
EINHdr · item D47-2772048
Principal addressHdr · item CEast Palo Alto, CA
WebsiteHdr · item Jlearningpolicyinstitute.org
Year of formationHdr · item L2014
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B05)
Ruling yearIRS BMFMar 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b9
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
$493,225Pt VII · Sec A
Executive Director
$391,311Pt VII · Sec A
$285,481Pt VII · Sec A
Principal Research Manager
$233,392Pt VII · Sec A
Chief of Strategic Communications
$191,226Pt VII · Sec A
$0Pt VII · Sec A
Board Vice Chair
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A

Linda Darling-Hammond’s $493K as Director/CEO is at the 88th percentile of top reported officer pay among 3682 $10–100M 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
Linda Darling-Hammond$493,225$513,696$500,058$416,491$463,614
Patrick Shields$391,311$381,749$367,656$354,661$344,667
Teresa M Godfrey$285,481$263,742$243,085$233,135$223,632
Jennifer Sloan McCombs$263,137$236,474
Marjorie Wechsler$233,392$227,043$217,209$209,038$205,406
Monica Martinez$225,050$220,433
Caitlin M Scott$191,781
Barbara McKenna$191,226$165,619

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$8.6M · 82%
Investment income$1.2M · 11%
Program service revenue$461K · 4%
Other revenue$226K · 2%
Contributions & grants82%$8.6M
Investment income11%$1.2M
Program service revenue4%$461K
Other revenue2%$226K
Total revenueLn 12$10.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.14 Fundraising $0.02
Program services84%$13.8M
Management & general14%$2.3M
Fundraising2%$332K
Total functional expensesLn 25$16.5M

Balance Sheet

Part X · end of year
CashLn 1$6.1M
Total assetsLn 16$35.8M
Total liabilitiesLn 26$5.2M
Total net assetsLn 32$30.6M
Months of cash on handcomputed4.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $27.7M · Operating expenses/yr $16.5M
20.1 months
Where the money goes
Program services
Program services $13.8M · Total expenses $16.5M
84%
Management & General
Management & general $2.3M · Total expenses $16.5M
14%
Fundraising
Fundraising $332K · Total expenses $16.5M
2%
Cost to raise $1
Fundraising expense (3-yr avg) $319K · Solicited contributions (3-yr avg) $19.4M
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $8.6M · Total revenue $10.5M
82%
Government reliance
Government grants — · Total revenue $10.5M
Earned-income share
Program service revenue $461K · Total revenue $10.5M
4%
Investment reliance
Investment income $1.2M · Total revenue $10.5M
+11%
Program self-sufficiency
Program service revenue $461K · Total expenses $16.5M
3%
Growth & trend
Revenue growth (YoY)
This year $10.5M · Prior year $20.3M
-48%
Revenue CAGR
FY2020 $11.0M · FY2024 $10.5M
-1%
Net-asset trend (YoY)
End of year $30.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $10.5M · Expenses $16.5M
-57%
Liabilities-to-Assets
Total liabilities — · Total assets $35.8M
Net-asset ratio
Net assets $30.6M · Total assets $35.8M
85%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $21.1M · Other securities (Pt X, ln 12) $472K · Total assets (Pt X, ln 16) $35.8M
60%
People & payroll
Highest Reported Total Compensation
Individual Linda Darling-Hammond · Reported title Director/CEO · Highest reported compensation $493K · Total expenses $16.5M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $11.7M · Total expenses $16.5M
71%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 14%
Fundraising cost ratio 4%
Revenue growth -48%
Investment management fee ratio 0.3%
Accounting fee ratio 0.2%

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 · received and paid
Grants received · FY2024
See all 15 funders →
Grants paid · 75 grants · $7.2M · 2020–2024
National Conference of State LegislaturesFY2024$113,824
State of Hawaii Department of EducationFY2024$109,692
Commonwealth of Mass Dept of EducationFY2024$34,116
State of UtahFY2024$19,005
Commonwealth of Mass Dept of EducationFY2023$135,494
National Conference of State LegislaturesFY2023$133,334
State of UtahFY2023$38,015
State of Hawaii Department of EducationFY2023$38,000
National Conference of State LegislaturesFY2022$156,666
Rutgers the State UniversityNJ · FY2022$149,400
See all 75 grants →

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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)$10.5M revenue · viewing · ⤓ 990 PDF
FY2023$20.3M revenue · ⤓ 990 PDF
FY2022$30.1M revenue · ⤓ 990 PDF
FY2021$13.9M revenue · ⤓ 990 PDF
FY2020$11.0M 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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