Educare Now EIN 85-2984678

Educare Now

EIN  85-2984678 Public charity (501(c)(3)) Minneapolis, MN Founded 2020
Form 990 (PDF) Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Educare Now claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
a public benefit nonprofit
Leadership
Lauren Lombard · Executive Director
Money in and out
$206K revenue, $140K expenses
Bottom line
65% program efficiency

Educare Now is a public benefit nonprofit based in Minneapolis, MN, formed in 2020. For fiscal year 2024 it reported $206K in revenue, $140K in expenses, and $117K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$206K
Pt VIII · Ln 12
Total expenses
$140K
Pt IX · Ln 25
Net assets
$117K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $66K
Where spending went · Part IX cols B–D
Program services $0.65 Management & general $0.35
Program efficiency
65%
of spending reaches programs
Operating runway
0.5mo
months of highly liquid reserves at operating expense rate▼ -50% vs prior filing year
Surplus margin
+32%
revenue over expenses, this year▼ -9% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$206K
FY2024▲ +56%
Total revenue
$206K
Pt VIII · Ln 12
Total expenses
$140K
Pt IX · Ln 25
Net assets
$117K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$66K
Total assetsPt X · Ln 16$117K
Program-expense ratioPt IX · col B65%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $91K of program spending, described in the organization's own filed words · FY2024.
01

We continued to support the sustainability and growth of an orphanage in Uganda benefiting ~25 children

$49Kprogram expense
02

We continued to support the Haiti robotics team in preparation for the first global challenge in Singapare and funded the trip and accomodations.

$21Kprogram expense
03

We supported a sewing program for young women and single mothers in Tanzania.

$20Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEducare Now
EINHdr · item D85-2984678
Principal addressHdr · item CMinneapolis, MN
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2020
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFPublic & Societal Benefit (W99)
Ruling yearIRS BMFDec 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b5
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
Executive Director
$0Pt VII · Sec A
See Educare Now executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants100%$206K
Total revenueLn 12$206K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.65 Management & general $0.35
Program services65%$91K
Management & general35%$50K
Total functional expensesLn 25$140K

Balance Sheet

Part X · end of year
CashLn 1$5K
Total assetsLn 16$117K
Total liabilitiesLn 26$0
Total net assetsLn 32$117K
Months of cash on handcomputed0.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $5K · Operating expenses/yr $140K
0.5 months
Where the money goes
Program services
Program services $91K · Total expenses $140K
65%
Management & General
Management & general $50K · Total expenses $140K
35%
Fundraising
Fundraising $0 · Total expenses $140K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $206K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $206K · Total revenue $206K
100%
Government reliance
Government grants $0 · Total revenue $206K
0%
Earned-income share
Program service revenue $0 · Total revenue $206K
0%
Investment reliance
Investment income $0 · Total revenue $206K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $140K
0%
Growth & trend
Revenue growth (YoY)
This year $206K · Prior year $133K
+56%
Net-asset trend (YoY)
End of year $117K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $206K · Expenses $140K
+32%
Liabilities-to-Assets
Total liabilities — · Total assets $117K
Net-asset ratio
Net assets $117K · Total assets $117K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $117K
0%
People & payroll
Highest Reported Total Compensation
Individual Lauren Lombard · Reported title Executive Director · Highest reported compensation $0 · Total expenses $140K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $140K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 65%
Overhead ratio 35%
Revenue growth 56%

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$6K

Similar Organizations

Closest in mission — by what they do
See all organizations like Educare Now →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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)$206K revenue · viewing · ⤓ 990 PDF
FY2023$133K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

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

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.