Ilearn Schools, INC. Is a non-profit charter management organization (CMO) that provides specialized educational and management service including operational and administrative support for Schools.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
$900K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $3.3M a year · 24% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$900K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $2.1M
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.7M
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.6M
+22% vs prior year
Spent
$7.2M
To programs
68%
Net assets
$9.5M
By yearFY2020–FY2025
Revenue
$10.6M
FY2022▲ +22%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.3M
FY2021$8.7M
FY2022$10.6M
FY2023$12.6M
FY2024$17.5M
FY2025$26.4M
Expenses
$7.2M
FY2022▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.6M
FY2021$6.2M
FY2022$7.2M
FY2023$8.9M
FY2024$13.7M
FY2025$21.6M
Net assets
$9.5M
FY2022▲ +57%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.6M
FY2021$6.0M
FY2022$9.5M
FY2023$13.2M
FY2024$17.0M
FY2025$21.9M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $4.9M Management & general 32% · $2.3M Fundraising 0% · $14K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $900K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$185,837Pt VII · Sec A
$125,080Pt VII · Sec A
Chief Talent
$124,840Pt VII · Sec A
Chief Innova
$119,949Pt VII · Sec A
$117,349Pt VII · Sec A
Dir of Facil
$117,099Pt VII · Sec A
Chief Acad.
$110,184Pt VII · Sec A
$0Pt VII · Sec A

Nihat Guvercin’s $290K as CEO is at the 63rd percentile of top reported officer pay among 3683 $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

NameFY2025FY2024FY2023FY2022FY2021
Nihat Guvercin$290,178$255,916$216,002$185,837$179,319
Yanivis Hage$198,590$175,453$151,943$124,840$120,843
Marjorie Renahan$198,210$175,375$121,012——
Mustafa Coban$195,079$177,766$145,909$125,080$118,928
Gurkan Kose$190,915$169,398$141,030$110,184—
Aaron Kul$187,076$164,902$146,559——
Fred Orcun$180,587$158,926—$119,949—
Richard Arslan$166,870——$117,099—

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Manages and supports charter schools with specialized educational and administrative services.

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Provided by the organization

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1 program · $4.9M · in their own filed words · FY2021
01

Ilearn schools, inc. Is a non-profit charter management organization (cmo) that provides specialized educational and management services including operational and administrative support for schools. During the year ended june 30, 2022, it supported five charter schools (four in new jersey and one in the bronx, new york city).

$4.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$2.1M
Grants paid · 12 grants · $3.2M · 2021–2024
Ilearn Facility Development INCNJ · FY2024$2,752,872
Unitemized GrantFY2024$50,592
Unitemized GrantFY2024$30,000
Unitemized GrantFY2023$36,882
Unitemized GrantFY2023$30,000
Unitemized GrantFY2022$30,000
Unitemized GrantFY2022$25,000
Unitemized GrantFY2022$4,248
Unitemized GrantFY2022$3,730
Unitemized GrantFY2021$32,000
Unitemized GrantFY2021$11,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$10.6M
Ln 12
Fees for servicesLn 2g$8.6M
Other incomeLn 4–11$1.9M
Gifts and grantsLn 1h$62K
Money outPt IX
$7.2M
Ln 25
Programscol B$4.9M
Managementcol C$2.3M
Fundraisingcol D$14K
Owns and owesPt X
$9.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$13.1M
LiabilitiesLn 26$3.7M
PeoplePt VI, VII
11
listed · VII A
PaidVII A7
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$62K
Fundraising eventsLn 1c$34K
Fees for servicesLn 2g$8.6M
Other incomeLn 4–11$1.9M
Total revenueLn 12$10.6M
Assets in detailPt X, end of year
CashLn 1$1.8M
Cash and savings togetherLn 1–2$1.8M
Land, buildings, equipmentLn 10c$6.9M
Other assetsLn 15$129K
Total assetsLn 16$13.1M
LiabilitiesLn 26$3.7M
Net assetsLn 32$9.5M
OperationsPt I, VI
EmployeesI 591
VolunteersI 64
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$2.5M$1.8M
Land, buildings, equipmentLn 10c$6.5M$6.9M
Total assetsLn 16$13.4M$13.1M
LiabilitiesLn 26$7.4M$3.7M
Net assetsLn 32$6.0M$9.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$43K$43K
Pay of current officers, directors and key staffLn 5$531K$386K$145K
Other salaries and wagesLn 7$2.9M$2.2M$732K
Pension plan contributionsLn 8$174K$105K$70K
Other employee benefitsLn 9$507K$304K$203K
Payroll taxesLn 10$242K$145K$97K
Legal feesLn 11b$118K$71K$47K
Accounting feesLn 11c$43K$26K$17K
Other fees for servicesLn 11g$304K$182K$121K$2K
Advertising and promotionLn 12$97K$58K$39K
Office expensesLn 13$334K$195K$130K$9K
Information technologyLn 14$108K$65K$43K
OccupancyLn 16$684K$432K$252K
TravelLn 17$11K$6K$4K$420
InterestLn 20$187K$141K$47K
Depreciation, depletion and amortizationLn 22$277K$166K$111K
InsuranceLn 23$130K$78K$52K
Other expenses (24a–d)Ln 24$440K$273K$164K$3K
Total functional expensesLn 25$7.2M$4.9M$2.3M$14K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $26.4M$21.6M$4.8M$21.9M 990 PDF
FY2024 $17.5M$13.7M$3.8M$17.0M 990 PDF
FY2023 $12.6M$8.9M$3.8M$13.2M 990 PDF
FY2022 Viewing $10.6M$7.2M$3.4M$9.5M 990 PDF
FY2021 $8.7M$6.2M$2.5M$6.0M 990 PDF
FY2020 $7.3M$5.6M$1.7M$3.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $10,581,989 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $24,395$62,106
I-9 Program service revenuePrior year $7,122,971$8,617,391
I-10 Investment income$0
I-11 Other revenuePrior year $1,544,811$1,902,492
I-12 Total revenuePrior year $8,692,177$10,581,989
I-13 Grants and similar amounts paid$43,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $4,259,052$4,382,646
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,977,636$2,734,284
I-18 Total expensesPrior year $6,236,688$7,159,930
I-19 Revenue less expensesPrior year $2,455,489$3,422,059
Part VI · Governance 4 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $10,581,989 across 8 lines filed
VIII-1c Fundraising events$33,655
VIII-1f All other contributions, gifts and grants$28,451
VIII-1h Total contributions, gifts and grants$62,106
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,617,391$8,617,391
VIII-6 Net rental income or lossRelated to mission $1,897,726$1,897,726
VIII-8 Net income from fundraising events$4,696
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $70$70
VIII-12 Total revenueRelated to mission $10,515,187$10,581,989
Part IX · Statement of functional expenses $7,159,930 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $43,000$43,000
IX-5 Pay of current officers, directors and key staffPrograms $386,241 · Management $145,000$531,241
IX-7 Other salaries and wagesPrograms $2,195,489 · Management $731,830$2,927,319
IX-8 Pension plan contributionsPrograms $104,584 · Management $69,722$174,306
IX-9 Other employee benefitsPrograms $304,483 · Management $202,988$507,471
IX-10 Payroll taxesPrograms $145,385 · Management $96,924$242,309
IX-11b Legal feesPrograms $70,646 · Management $47,097$117,743
IX-11c Accounting feesPrograms $25,606 · Management $17,070$42,676
IX-11g Other fees for servicesPrograms $181,537 · Management $121,023 · Fundraising $1,738$304,298
IX-12 Advertising and promotionPrograms $58,330 · Management $38,887$97,217
IX-13 Office expensesPrograms $195,212 · Management $130,140 · Fundraising $8,637$333,989
IX-14 Information technologyPrograms $64,974 · Management $43,316$108,290
IX-16 OccupancyPrograms $432,448 · Management $251,762$684,210
IX-17 TravelPrograms $6,473 · Management $4,315 · Fundraising $420$11,208
IX-20 InterestPrograms $140,543 · Management $46,848$187,391
IX-22 Depreciation, depletion and amortizationPrograms $166,376 · Management $110,916$277,292
IX-23 InsurancePrograms $77,714 · Management $51,809$129,523
IX-24 Other expenses (24a–d)Programs $273,254 · Management $164,282 · Fundraising $2,911$440,447
IX-25 Total functional expensesPrograms $4,872,295 · Management $2,273,929 · Fundraising $13,706$7,159,930
Part X · Balance sheet $13,134,703 assets, 14 lines filed
Asset lines not itemized here account for $951,863; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $2,493,166$1,795,330
X-4 Accounts receivableStart of year $27,571$43,150
X-9 Prepaid expenses and deferred chargesStart of year $3,350,100$3,308,090
X-10c Land, buildings and equipment, netStart of year $6,523,071$6,898,584
X-14 Intangible assetsStart of year $50,010$8,354
X-15 Other assetsStart of year $4,332$129,332
X-16 Total assetsStart of year $13,400,113$13,134,703
X-17 Accounts payable and accrued expensesStart of year $42,777$57,090
X-19 Deferred revenueStart of year $3,350,100$50,490
X-25 Other liabilitiesStart of year $46,612$50,412
X-26 Total liabilitiesStart of year $7,357,911$3,665,380
X-27 Net assets without donor restrictionsStart of year $6,042,202$9,469,323
X-32 Total net assets or fund balancesStart of year $6,042,202$9,469,323
X-33 Total liabilities and net assetsStart of year $13,400,113$13,134,703
Part XI · Reconciliation of net assets $9,469,323 net assets at year end
XI-1 Total revenue$10,581,989
XI-2 Total expenses$7,159,930
XI-3 Revenue less expenses$3,422,059
XI-4 Net assets at start of year$6,042,202
XI-8 Prior period adjustments$5,062
XI-10 Net assets at end of year$9,469,323

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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