Project Learn INC EIN 61-6030361 Form 990 (PDF) Claim this org

Project Learn INC FY2021 filing

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Offers day programs with recreational activities for individuals with intellectual and developmental disabilities. For fiscal year 2021 it reported $134K in revenue, $120K in expenses, and $126K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Elizabethtown, KY
Filings
6 on file (2020–2021)
Revenue
$134KFY2021
Expenses
$120K
Net assets
$126K
People
4
Filings
6
Updates
0
More identity details & actions ⌄
EIN  61-6030361 Public charity (501(c)(3)) Elizabethtown, KY
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Offers day programs with recreational activities for individuals with intellectual and developmental disabilities.
Leadership
Diana Bennett · Secretary
Money in and out
$134K revenue, $120K expenses
Bottom line
90% program efficiency
Where the money goes · FY2021
Total revenue
$134K
Pt VIII · Ln 12
Total expenses
$120K
Pt IX · Ln 25
Net assets
$126K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $14K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.10
Program efficiency
90%
of spending reaches programs
Operating runway
13.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+10%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$134K
FY2021+0.2%
Expenses
$120K
FY2021▼ -32%
Total assets
$152K
FY2021▲ +11%
Total liabilities
$26K
FY2021▲ +7%
Total revenue
$134K
Pt VIII · Ln 12
Total expenses
$120K
Pt IX · Ln 25
Net assets
$126K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$14K
Total assetsPt X · Ln 16$152K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProject Learn INC
EINHdr · item D61-6030361
Principal addressHdr · item CElizabethtown, KY
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MKY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJan 1957

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $103K of program spending, described in the organization's own filed words · FY2020.
01

Project Learn

Day program designed to keep special needs individuals in the home. Services provide social interaction with peers, visits for entertainment, and time off for caregiver.

$103Kprogram expense
02

Summer Program

For school aged special needs children to promote their learning skills. Includes a 4 week program.

Pt IX · col B
03

Social Events

Hosting events and dinners for special olympics participants and other handicapped individuals.

Pt IX · col B

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Statement of Revenue

Part VIII
Program service revenue$60K · 45%
Contributions & grants$54K · 40%
Other revenue$20K · 15%
Program service revenue45%$60K
Contributions & grants40%$54K
Other revenue15%$20K
Investment income$93
Total revenueLn 12$134K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10
Program services90%$108K
Management & general10%$13K
Total functional expensesLn 25$120K

Balance Sheet

Part X · end of year
CashLn 1$95K
Total assetsLn 16$152K
Total liabilitiesLn 26$26K
Total net assetsLn 32$126K
Months of cash on handcomputed9.5

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $95K · Operating expenses (Pt IX) $120K · Less non-cash grants $36K · Cash operating expenses/yr $84K
13.5 months
Where the money goes
Program services
Program services $108K · Total expenses $120K
90%
Management & General
Management & general $13K · Total expenses $120K
10%
Fundraising
Fundraising $0 · Total expenses $120K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $62K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $54K · Total revenue $134K
40%
Government reliance
Government grants — · Total revenue $134K
Earned-income share
Program service revenue $60K · Total revenue $134K
45%
Investment reliance
Investment income $93 · Total revenue $134K
+0.07%
Program self-sufficiency
Program service revenue $60K · Total expenses $120K
50%
Growth & trend
Revenue growth (YoY)
This year $134K · Prior year $134K
+0.2%
Net-asset trend (YoY)
End of year $126K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $134K · Expenses $120K
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $152K
Net-asset ratio
Net assets $126K · Total assets $152K
83%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $152K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Diana Bennett · Reported title SECRETARY · Highest reported compensation $0 · Total expenses $120K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $45K · Total expenses $120K
37%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 10%
Fundraising cost ratio 0%
Revenue growth 0.2%
Accounting fee ratio 4%

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 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
FY2025 (Latest)$188K revenue · ⤓ 990 PDF
FY2024$179K revenue · ⤓ 990 PDF
FY2023$191K revenue · ⤓ 990 PDF
FY2022$224K revenue · ⤓ 990 PDF
FY2021$134K revenue · viewing · ⤓ 990 PDF
FY2020$134K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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