Love to Learn INC FY2020 filing

Tax-deductible

Lake Wales, FL501(c)(3)EducationEIN 80-0855166Revenue $606K in FY2020

On file with the IRS160 E Park Ave, 33853-4124 · Lake Wales, FLTax-exempt since Apr 2014School — 170(b)(1)(A)(ii)

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To accelerate k-12 student learning by providing an exceptional steam educational program designed to prepare students to compete and succeed in a technologically growing, global economy.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$113K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
IRS Pub. 78
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $19K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$113K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$606K
Spent
$507K
To programs
90%
Net assets
$134K
By yearFY2020–FY2024
Revenue
$606K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$606K
FY2021$690K
FY2022$715K
FY2023$642K
FY2024$642K
Expenses
$507K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$507K
FY2021$706K
FY2022$689K
FY2023$656K
FY2024$643K
Net assets
$134K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$134K
FY2021$119K
FY2022$145K
FY2023$130K
FY2024$128K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated. Listed in IRS Pub. 78 (as of October 2026). Latest filing on record: FY2024. IRS ruling in Apr 2014.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $457K Management & general 10% · $51K

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

8 people listed on the 990; $113K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/CEO
$56,500Pt VII · Sec A
Secretary/COO
$56,500Pt VII · Sec A
Treasurer/CFO
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Estrella Douglas’s $88K as Chairperson is at the 77th percentile of top reported officer pay among 1613 $100K–1M 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Estrella Douglas$88,000$88,000$82,000$74,000$56,500
Leilani Morales$59,000$59,000$82,000$74,000$56,500

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Accelerates student learning with exceptional STEAM programs for global economic success.

Questions for Love to Learn INC

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Provided by the organization

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1 program · $457K · in their own filed words · FY2020
01

Providing an exceptional educational program for grades k-12 designed to prepare students to compete and succeed in a global economy.

$457Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$606K
Ln 12
Fees for servicesLn 2g$517K
Gifts and grantsLn 1h$89K
Money outPt IX
$507K
Ln 25
Programscol B$457K
Managementcol C$51K
Owns and owesPt X
$134K
net assets · Ln 32
Cash and savingsLn 1–2$115K
Total assetsLn 16$134K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$89K
Government grantsLn 1e$89K
Fees for servicesLn 2g$517K
Total revenueLn 12$606K
Assets in detailPt X, end of year
CashLn 1$115K
Cash and savings togetherLn 1–2$115K
Land, buildings, equipmentLn 10c$19K
Total assetsLn 16$134K
LiabilitiesLn 26$0
Net assetsLn 32$134K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$42K$115K
Land, buildings, equipmentLn 10c$26K$19K
Total assetsLn 16$68K$134K
LiabilitiesLn 26$32K$0
Net assetsLn 32$35K$134K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$113K$102K$11K
Other salaries and wagesLn 7$218K$196K$22K
Other employee benefitsLn 9$27K$24K$3K
Payroll taxesLn 10$44K$40K$4K
Other fees for servicesLn 11g$4K$4K$440
Advertising and promotionLn 12$1K$900$100
Office expensesLn 13$18K$16K$2K
Information technologyLn 14$6K$6K$612
OccupancyLn 16$4K$3K$369
Depreciation, depletion and amortizationLn 22$6K$6K$629
Other expenses (24a–d)Ln 24$58K$52K$6K
All other expensesLn 24e$8K$7K$811
Total functional expensesLn 25$507K$457K$51K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $642K$643K−$2K$128K 990 PDF
FY2023 $642K$656K−$15K$130K 990 PDF
FY2022 $715K$689K$25K$145K 990 PDF
FY2021 $690K$706K−$15K$119K 990 PDF
FY2020 Viewing $606K$507K$99K$134K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $606,277 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$89,000
I-9 Program service revenuePrior year $508,750$517,277
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $508,750$606,277
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $257,060$402,521
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $151,848$104,837
I-18 Total expensesPrior year $408,908$507,358
I-19 Revenue less expensesPrior year $99,842$98,919
Part VI · Governance 8 of 8 board members independent, 5 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $606,277 across 4 lines filed
VIII-1e Government grants$89,000
VIII-1h Total contributions, gifts and grants$89,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $517,277$517,277
VIII-12 Total revenueRelated to mission $517,277 · Unrelated business $0 · Excluded from tax $0$606,277
Part IX · Statement of functional expenses $507,358 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $101,700 · Management $11,300$113,000
IX-7 Other salaries and wagesPrograms $196,387 · Management $21,821$218,208
IX-9 Other employee benefitsPrograms $24,224 · Management $2,692$26,916
IX-10 Payroll taxesPrograms $39,957 · Management $4,440$44,397
IX-11g Other fees for servicesPrograms $3,960 · Management $440$4,400
IX-12 Advertising and promotionPrograms $900 · Management $100$1,000
IX-13 Office expensesPrograms $15,835 · Management $1,760$17,595
IX-14 Information technologyPrograms $5,509 · Management $612$6,121
IX-16 OccupancyPrograms $3,318 · Management $369$3,687
IX-22 Depreciation, depletion and amortizationPrograms $5,660 · Management $629$6,289
IX-24 Other expenses (24a–d)Programs $51,877 · Management $5,765$57,642
IX-24e All other expensesPrograms $7,292 · Management $811$8,103
IX-25 Total functional expensesPrograms $456,619 · Management $50,739 · Fundraising $0$507,358
Part X · Balance sheet $134,336 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $42,135$115,059
X-10c Land, buildings and equipment, netStart of year $25,566$19,277
X-16 Total assetsStart of year $67,701$134,336
X-25 Other liabilitiesStart of year $32,284$0
X-26 Total liabilitiesStart of year $32,284$0
X-32 Total net assets or fund balancesStart of year $35,417$134,336
X-33 Total liabilities and net assetsStart of year $67,701$134,336
Part XI · Reconciliation of net assets $134,336 net assets at year end
XI-1 Total revenue$606,277
XI-2 Total expenses$507,358
XI-3 Revenue less expenses$98,919
XI-4 Net assets at start of year$35,417
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$134,336

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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