Open Way Learning EIN 83-3760449

Open Way Learning

EIN  83-3760449 Public charity (501(c)(3)) Murphy, NC
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
an education nonprofit
Leadership
Adam Haigler · COO · $76K
Money in and out
$554K revenue, $525K expenses
Bottom line
60% program efficiency

Open Way Learning is an education nonprofit based in Murphy, NC. For fiscal year 2024 it reported $554K in revenue, $525K in expenses, and $68K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$554K
Pt VIII · Ln 12
Total expenses
$525K
Pt IX · Ln 25
Net assets
$68K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $30K
Where spending went · Part IX cols B–D
Program services $0.60 Management & general $0.40
Program efficiency
60%
of spending reaches programs▼ -14% vs prior filing year
Operating runway
1.7mo
months of highly liquid reserves at operating expense rate▲ +55% vs prior filing year
Surplus margin
+5%
revenue over expenses, this year▲ +88% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$554K
FY2024▲ +34%
Expenses
$525K
FY2024▲ +30%
Total assets
$74K
FY2024▲ +93%
Total liabilities
$7K
FY2024▲ ×20
Total revenue
$554K
Pt VIII · Ln 12
Total expenses
$525K
Pt IX · Ln 25
Net assets
$68K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$30K
Total assetsPt X · Ln 16$74K
Program-expense ratioPt IX · col B60%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $315K of program spending, described in the organization's own filed words · FY2024.
01

Open way learning helps schools develop a culture of innovation to better meet the needs of students. It does this through professional development workshops and coaching with teachers and school staff for schools and districts around the united states.

$315Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COpen Way Learning
EINHdr · item D83-3760449
Principal addressHdr · item CMurphy, NC
WebsiteHdr · item Jopenwaylearning.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B99)
Ruling yearIRS BMFNov 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
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
$75,996Pt VII · Sec A
Executive Director
$73,004Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Adam Haigler’s $76K as COO is at the 68th 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Adam Haigler$75,996$76,007$65,000
Benjamin Owens$73,004$73,000$62,500
Benjamin Owens$47,420
Adam Haigler$35,420

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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Statement of Revenue

Part VIII
Program service revenue$457K · 83%
Contributions & grants$97K · 17%
Program service revenue83%$457K
Contributions & grants17%$97K
— government grantsLn 1e$67K
Total revenueLn 12$554K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.60 Management & general $0.40
Program services60%$315K
Management & general40%$210K
Total functional expensesLn 25$525K

Balance Sheet

Part X · end of year
CashLn 1$74K
Total assetsLn 16$74K
Total liabilitiesLn 26$7K
Total net assetsLn 32$68K
Months of cash on handcomputed1.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $74K · Operating expenses/yr $525K
1.7 months
Where the money goes
Program services
Program services $315K · Total expenses $525K
60%
Management & General
Management & general $210K · Total expenses $525K
40%
Fundraising
Fundraising $0 · Total expenses $525K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $22K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $97K · Total revenue $554K
17%
Government reliance
Government grants $67K · Total revenue $554K
12%
Earned-income share
Program service revenue $457K · Total revenue $554K
83%
Investment reliance
Investment income $0 · Total revenue $554K
0%
Program self-sufficiency
Program service revenue $457K · Total expenses $525K
87%
Growth & trend
Revenue growth (YoY)
This year $554K · Prior year $414K
+34%
Net-asset trend (YoY)
End of year $68K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $554K · Expenses $525K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $74K
Net-asset ratio
Net assets $68K · Total assets $74K
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $74K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Adam Haigler · Reported title COO · Highest reported compensation $76K · Total expenses $525K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $373K · Total expenses $525K
71%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 60%
Overhead ratio 40%
Fundraising cost ratio 0%
Revenue growth 34%
Accounting fee ratio 0%

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
Total grants receivedfrom 1 funder$25K

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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
FY2024 (Latest)$554K revenue · viewing · ⤓ 990 PDF
FY2023$414K revenue · ⤓ 990 PDF
FY2022$326K revenue · ⤓ 990 PDF
FY2021$141K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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