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Magnify Learning INC FY2020 filing

Indianapolis, INUnknown exempt organizationEIN 82-2918473Revenue $354K in FY2020

On file with the IRSmagnifylearningin.org303 N Alabama Ste 210 · Indianapolis, IN

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To increase the number of k-16 formal and informal educators successfully trained in and utilizing pbl to enhance student engagement and Learning. To increase partnerships between k-16 formal and informal educators with community members to develop and to deliver successful projects that offer authentic contextual Learning opportunities to students. To prepare and support the successful utilization of pbl and related innovative Learning models, resulting in increased student engagement, academic success, and development of college and career readiness skills.

70¢ of each $1 spent went to programs.
$103K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $76K a year · 22% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$103K
to officers and key staff · 25% of spending
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$28K
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$354K
Spent
$417K
To programs
70%
Net assets
$165K
By yearFY2020–FY2022
Revenue
$354K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$354K
FY2021$589K
FY2022$73K
Expenses
$417K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$417K
FY2021$415K
FY2022$410K
Net assets
$165K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$165K
FY2021$334K
FY2022$0

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $292K Management & general 30% · $125K

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

5 people listed on the 990; $103K paid to officers and key staff.

Part VII, Section A · reportable compensation
Ryan Steuer
Director
$103,421Pt VII · Sec A
Robert Abrams
Director of
$0Pt VII · Sec A
Cathy Brown
Board Member
$0Pt VII · Sec A
Diane Clancy
Director of
$0Pt VII · Sec A
Sara Payne
Dir of Onlin
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020
Ryan Steuer$66,000$113,230$103,421

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

Trains educators to use project-based learning for student engagement and career readiness.

Questions for Magnify Learning INC

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Provided by the organization

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1 program · $292K · in their own filed words · FY2020
01

To provide project based learning (PBL) workshops for teachers that train them how to teach their content and skills in a way that engages and enables students to solve real world problems.

$292Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$354K
Ln 12
Fees for servicesLn 2g$305K
Gifts and grantsLn 1h$45K
Investment incomeLn 3$3K
Money outPt IX
$417K
Ln 25
Programscol B$292K
Managementcol C$125K
Owns and owesPt X
$165K
net assets · Ln 32
Cash and savingsLn 1–2$31K
Total assetsLn 16$193K
LiabilitiesLn 26$28K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$45K
Government grantsLn 1e$45K
Fees for servicesLn 2g$305K
Investment incomeLn 3$3K
Total revenueLn 12$354K
Assets in detailPt X, end of year
CashLn 1$31K
Cash and savings togetherLn 1–2$31K
InvestmentsLn 11–13$144K
Total assetsLn 16$193K
LiabilitiesLn 26$28K
Net assetsLn 32$165K
OperationsPt I, VI
EmployeesI 54
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$33K$31K
InvestmentsLn 11–13$195K$144K
Total assetsLn 16$237K$193K
LiabilitiesLn 26$10K$28K
Net assetsLn 32$227K$165K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$231K$205K$26K
Payroll taxesLn 10$17K$15K$2K
Legal feesLn 11b$222$222
Accounting feesLn 11c$5K$5K
Advertising and promotionLn 12$52K$52K
Office expensesLn 13$2K$2K
Information technologyLn 14$12K$12K
TravelLn 17$11K$10K$872
Conferences, conventions and meetingsLn 19$72K$62K$9K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$15K$15K
Total functional expensesLn 25$417K$292K$125K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $73K$410K−$337K$0 990 PDF
FY2021 $589K$415K$174K$334K 990 PDF
FY2020 Viewing $354K$417K−$63K$165K 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 $353,890 revenue, 12 lines filed
I-8 Contributions and grants$45,400
I-9 Program service revenuePrior year $563,008$305,353
I-10 Investment incomePrior year $4,366$3,137
I-11 Other revenue$0
I-12 Total revenuePrior year $567,374$353,890
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $216,369$248,320
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $285,509$168,954
I-18 Total expensesPrior year $501,878$417,274
I-19 Revenue less expensesPrior year $65,496−$63,384
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $353,890 across 5 lines filed
VIII-1e Government grants$45,400
VIII-1h Total contributions, gifts and grants$45,400
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $305,353$305,353
VIII-3 Investment incomeExcluded from tax $3,137$3,137
VIII-12 Total revenueRelated to mission $305,353 · Excluded from tax $3,137$353,890
Part IX · Statement of functional expenses $417,274 across 11 lines filed
IX-7 Other salaries and wagesPrograms $204,946 · Management $26,418$231,364
IX-10 Payroll taxesPrograms $14,909 · Management $2,047$16,956
IX-11b Legal feesManagement $222$222
IX-11c Accounting feesManagement $4,730$4,730
IX-12 Advertising and promotionManagement $51,669$51,669
IX-13 Office expensesManagement $1,967$1,967
IX-14 Information technologyManagement $11,613$11,613
IX-17 TravelPrograms $10,076 · Management $872$10,948
IX-19 Conferences, conventions and meetingsPrograms $62,096 · Management $9,444$71,540
IX-23 InsuranceManagement $1,493$1,493
IX-24 Other expenses (24a–d)Management $14,772$14,772
IX-25 Total functional expensesPrograms $292,027 · Management $125,247 · Fundraising $0$417,274
Part X · Balance sheet $192,864 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $32,908$31,192
X-4 Accounts receivableStart of year $9,000$17,349
X-11 Publicly traded securitiesStart of year $195,494$144,323
X-16 Total assetsStart of year $237,402$192,864
X-17 Accounts payable and accrued expensesStart of year $9,904$10,708
X-19 Deferred revenue$17,349
X-26 Total liabilitiesStart of year $9,904$28,057
X-27 Net assets without donor restrictionsStart of year $227,498$164,807
X-32 Total net assets or fund balancesStart of year $227,498$164,807
X-33 Total liabilities and net assetsStart of year $237,402$192,864
Part XI · Reconciliation of net assets $164,807 net assets at year end
XI-1 Total revenue$353,890
XI-2 Total expenses$417,274
XI-3 Revenue less expenses−$63,384
XI-4 Net assets at start of year$227,498
XI-5 Net unrealized gains (losses) on investments$693
XI-10 Net assets at end of year$164,807

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

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