Learning Resources Network INC FY2020 filing
Supports lifelong learning providers with expertise and services. For fiscal year 2020 it reported $2.5M in revenue, $2.9M in expenses, and $942K in net assets.Pt I
- Type
- Public charity (501(c)(3)) · Education
- Location
- Manhattan, KS
- Website
- www.lern.org
- Filings
- 5 on file (2020–2020)
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
William Draves’s $83K as President is at the 21st percentile of top reported officer pay among 3393 $1–10M 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 · 6 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Gregory Marsello | — | — | — | $288,354 | — |
| Julia Coates Draves | — | $45,000 | $172,066 | $170,432 | — |
| William Draves | $83,485 | — | — | — | $71,804 |
| William Draves | — | $83,152 | $72,340 | $71,801 | — |
| Julia Coates Draves | $57,500 | — | — | — | $80,004 |
| Gregory Marsello | — | — | — | — | $76,808 |
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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Where the work happens
Ugotclass
online courses and certifications LERN develops/provides that LERN members and customers promote.
Annual Conference
Each year LERN holds an Annual Conference. The 2019 Annual Conference had 715 attendees. The focus of the Conference is how-to, practical sessions. Due to the pandemic, LERNs spring 2020 mini-conferences were cancelled.
Membership
LERNs membership is comprised of approximately 650 member organizations which totals 5,000 individuals. Organizations can have up to 6 people as part of their Organization Membership.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 63% | — | — |
| Overhead ratio | 37% | — | — |
| Legal fee ratio | 0.08% | — | — |
| Accounting fee ratio | 0.9% | — | — |
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.
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Filings & Schedule Manifest
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Sources
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