Insight Colearning Center EIN 82-4783777 Form 990 (PDF) Claim this org

Insight Colearning Center

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Provides research-based high school education through a microschool model. For fiscal year 2025 it reported $599K in revenue, $615K in expenses, and $78K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Durham, NC
Website
insightcolearning.org
Filings
6 on file (2020–2025)
Revenue
$599KFY2025
Expenses
$615K
Net assets
$78K
People
4
Filings
6
Updates
0
More identity details & actions ⌄
EIN  82-4783777 Public charity (501(c)(3)) Durham, NC
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides research-based high school education through a microschool model.
Leadership
Susan Haws · Exec Director · $60K
Money in and out
$599K revenue, $615K expenses
Bottom line
91% program efficiency
Where the money goes · FY2025
Total revenue
$599K
Pt VIII · Ln 12
Total expenses
$615K
Pt IX · Ln 25
Net assets
$78K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$16K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.09 Fundraising $0.00
Program efficiency
91%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
1.0mo
months of highly liquid reserves at operating expense rate▼ -60% vs prior filing year
Surplus margin
-3%
revenue over expenses, this year▼ -117% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$599K
FY2025▲ +27%
Expenses
$615K
FY2025▲ +54%
Total assets
$95K
FY2025▼ -25%
Total liabilities
$17K
FY2025▼ -49%
Total revenue
$599K
Pt VIII · Ln 12
Total expenses
$615K
Pt IX · Ln 25
Net assets
$78K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$16K
Total assetsPt X · Ln 16$95K
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CInsight Colearning Center
EINHdr · item D82-4783777
Principal addressHdr · item CDurham, NC
WebsiteHdr · item Jinsightcolearning.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B25)
Ruling yearIRS BMFOct 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
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 (FY2024); the FY2025 filing did not itemize Part VII
Exec Director
$60,000Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Susan Haws’s $60K as Exec Director is at the 52nd percentile of top reported officer pay among 1616 $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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Susan Haws$60,000$60,000$60,000$16,000$2,500$1,900

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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Mission & Programs · Part III

Where the work happens

1 program service account for $557K of program spending, described in the organization's own filed words · FY2024.
01

See Schedule O

$557Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$511K · 85%
Other revenue$46K · 8%
Contributions & grants$43K · 7%
Program service revenue85%$511K
Other revenue8%$46K
Contributions & grants7%$43K
Total revenueLn 12$599K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.09 Fundraising $0.00
Program services91%$557K
Management & general9%$58K
Fundraising$303
Total functional expensesLn 25$615K

Balance Sheet

Part X · end of year
CashLn 1$52K
Total assetsLn 16$95K
Total liabilitiesLn 26$17K
Total net assetsLn 32$78K
Months of cash on handcomputed1.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $52K · Operating expenses/yr $615K
1.0 months
Where the money goes
Program services
Program services $557K · Total expenses $615K
91%
Management & General
Management & general $58K · Total expenses $615K
9%
Fundraising
Fundraising $303 · Total expenses $615K
0.05%
Cost to raise $1
Fundraising expense (3-yr avg) $357 · Solicited contributions (3-yr avg) $33K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $43K · Total revenue $599K
7%
Government reliance
Government grants — · Total revenue $599K
Earned-income share
Program service revenue $511K · Total revenue $599K
85%
Investment reliance
Investment income $0 · Total revenue $599K
0%
Program self-sufficiency
Program service revenue $511K · Total expenses $615K
83%
Growth & trend
Revenue growth (YoY)
This year $599K · Prior year $473K
+27%
Revenue CAGR
FY2019 $95K · FY2024 $599K
+44%
Net-asset trend (YoY)
End of year $78K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $599K · Expenses $615K
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $95K
Net-asset ratio
Net assets $78K · Total assets $95K
82%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $95K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Susan Haws · Reported title Exec director · Highest reported compensation $60K · Total expenses $615K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $383K · Total expenses $615K
62%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 9%
Fundraising cost ratio 0.7%
Revenue growth 27%

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 · FY2023
Total grants receivedfrom 1 funder$27

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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)$599K revenue · viewing · ⤓ 990 PDF
FY2024$473K revenue · ⤓ 990 PDF
FY2023$268K revenue · ⤓ 990 PDF
FY2022$184K revenue · ⤓ 990 PDF
FY2021$102K revenue · ⤓ 990 PDF
FY2020$95K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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