Learning Lab Ventures INC

IRS exemption revoked

Los Angeles, CAUnknown exempt organization EIN 82-1727821Revenue $385K in FY2020

On file with the IRSlearninglabventures.org840 N Avenue 66 · Los Angeles, CA

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To disrupt the generational cycle of poverty through providing intensive afterschool education and enrichment programming for low-income students in los angeles.

86¢ of each $1 spent went to programs.
Run by 125 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $11
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$385K
Spent
$460K
To programs
86%
Net assets
$42K

From the FY2020 Form 990 (year ending June 2020) · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on November 15, 2023

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2020.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $395K Management & general 14% · $65K

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.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Chair of the Board
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Learning Lab Ventures INC executive salaries →

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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

Disrupt poverty by offering intensive afterschool education and enrichment for low-income Los Angeles students.

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Provided by the organization

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3 programs · $388K · in their own filed words · FY2019
01

Afterschool Programming

Programs designed for providing support for intensive afterschool education and enrichment programming for low-income students in los angeles. All children live below the federal poverty line. Activities include math, science, reading, language arts in addition to arts, gardening, sports and a prpgram designed to keep kids drug free.

$289Kprogram expense
02

Back to School Giveaway

Annual back to school giveaway is an exciting day for the children and families of east los angeles helping the children in some of los angeles' most under-served communities prepare for the school year ahead, we will distribute clothing, as well as backpacks filled with school supplies, books, toiletries, healthy snacks, and more to…

$77Kprogram expense
03

The Emergency Food Program

The program distributes food for each of our enrolled families. A full weeks worth of food is delivered to families every weekend. This prorgam is to ensure that our families who were already living below the poverty line are able to keep food on their tables during COVID-19.

$22Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$11
Grants paid · 1 grant · $270K · 2019–2019

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$385K
Ln 12
Gifts and grantsLn 1h$385K
Money outPt IX
$460K
Ln 25
Programscol B$395K
Managementcol C$65K
Owns and owesPt X
$42K
net assets · Ln 32
Cash and savingsLn 1–2$42K
Total assetsLn 16$42K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$385K
Noncash giftsLn 1g$83K
Total revenueLn 12$385K
Assets in detailPt X, end of year
CashLn 1$42K
Cash and savings togetherLn 1–2$42K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$42K
LiabilitiesLn 26$0
Net assetsLn 32$42K
OperationsPt I, VI
EmployeesI 51
VolunteersI 6125
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$117K$42K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$117K$42K
LiabilitiesLn 26$0$0
Net assetsLn 32$117K$42K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$270K$270K
Grants to domestic individualsLn 2$100K$100K
Other salaries and wagesLn 7$12K$12K
Payroll taxesLn 10$2K$2K
Legal feesLn 11b$5K$5K
Other fees for servicesLn 11g$65K$25K$40K
Advertising and promotionLn 12$567$567
Office expensesLn 13$1K$1K
TravelLn 17$118$118
Other expenses (24a–d)Ln 24$3K$3K
All other expensesLn 24e$428$428
Total functional expensesLn 25$460K$395K$65K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing $385K$460K−$75K$42K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants M · Noncash O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $385,409 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $956,712$385,409
I-9 Program service revenuePrior year $91,923$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,048,635$385,409
I-13 Grants and similar amounts paidPrior year $114,548$370,097
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $68,129$14,647
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $777,499$75,660
I-18 Total expensesPrior year $960,176$460,404
I-19 Revenue less expensesPrior year $88,459−$74,995
Part VI · Governance 11 of 11 board members independent, 3 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $385,409 across 4 lines filed
VIII-1f All other contributions, gifts and grants$385,409
VIII-1g Noncash contributions (included above)$82,737
VIII-1h Total contributions, gifts and grants$385,409
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$385,409
Part IX · Statement of functional expenses $460,404 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $270,000$270,000
IX-2 Grants to domestic individualsPrograms $100,097$100,097
IX-7 Other salaries and wagesManagement $12,287$12,287
IX-10 Payroll taxesManagement $2,360$2,360
IX-11b Legal feesManagement $5,300$5,300
IX-11g Other fees for servicesPrograms $25,000 · Management $40,105$65,105
IX-12 Advertising and promotionManagement $567$567
IX-13 Office expensesManagement $1,000$1,000
IX-17 TravelManagement $118$118
IX-24 Other expenses (24a–d)Management $3,142$3,142
IX-24e All other expensesManagement $428$428
IX-25 Total functional expensesPrograms $395,097 · Management $65,307 · Fundraising $0$460,404
Part X · Balance sheet $41,516 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $116,511$41,516
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $116,511$41,516
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $116,511$41,516
X-33 Total liabilities and net assetsStart of year $116,511$41,516
Part XI · Reconciliation of net assets $41,516 net assets at year end
XI-1 Total revenue$385,409
XI-2 Total expenses$460,404
XI-3 Revenue less expenses−$74,995
XI-4 Net assets at start of year$116,511
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$41,516

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

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