Maverick Learning Center INC EIN 88-1292213

Maverick Learning Center INC

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Educates students with autism or developmental delays in a safe, personalized environment to build confidence. For fiscal year 2025 it reported $460K in revenue, $406K in expenses, and $24K in net assets.Pt I

Type
Public charity (501(c)(3)) · Diseases & Disorders
Location
Virginia Bch, VA
Website
mavericklearningva.com
Filings
4 on file (2022–2025)
Revenue
$460KFY2025
Expenses
$406K
Net assets
$24K
People
7
Filings
4
Updates
0
More identity details & actions ⌄
EIN  88-1292213 Public charity (501(c)(3)) Virginia Bch, VA
Form 990 (PDF)
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Size
$100K–1M
What they do
Educates students with autism or developmental delays in a safe, personalized environment to build confidence.
Leadership
Maegan Cahoon · President
Money in and out
$460K revenue, $406K expenses
Bottom line
94% program efficiency
Where the money goes · FY2025
Total revenue
$460K
Pt VIII · Ln 12
Total expenses
$406K
Pt IX · Ln 25
Net assets
$24K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $54K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.04 Fundraising $0.02
Program efficiency
94%
of spending reaches programs▼ -0.6% vs prior filing year
Operating runway
2.1mo
months of highly liquid reserves at operating expense rate▲ +75% vs prior filing year
Surplus margin
+12%
revenue over expenses, this year▲ +484% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$460K
FY2025▲ +42%
Expenses
$406K
FY2025▲ +22%
Total assets
$303K
FY2025▲ +65%
Total liabilities
$279K
FY2025▲ +30%
Total revenue
$460K
Pt VIII · Ln 12
Total expenses
$406K
Pt IX · Ln 25
Net assets
$24K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$54K
Total assetsPt X · Ln 16$303K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

2 program services account for $382K of program spending, described in the organization's own filed words · FY2025.
01

Provide a safe and effective learning environment and team with compassionate educators within a sensory friendly environment to support the learning needs of 26 students with a one-of-a-kind curriculum.

$376Kprogram expense
02

The Language and Literacy Program, will provide targeted reading and language support for students who demonstrate a significant need for intervention based on assessments. Students receive tailored support aimed at strengthening the language skills foundational to literacy development through individualized intervention plans.

$6Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMaverick Learning Center INC
EINHdr · item D88-1292213
Principal addressHdr · item CVirginia Bch, VA
WebsiteHdr · item Jmavericklearningva.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFDiseases & Disorders (G84)
Ruling yearIRS BMFOct 2022

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 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$304K · 66%
Contributions & grants$145K · 32%
Other revenue$11K · 2%
Program service revenue66%$304K
Contributions & grants32%$145K
Other revenue2%$11K
Investment income$15
Total revenueLn 12$460K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.04 Fundraising $0.02
Program services94%$382K
Management & general4%$17K
Fundraising2%$7K
Total functional expensesLn 25$406K

Balance Sheet

Part X · end of year
CashLn 1$72K
Total assetsLn 16$303K
Total liabilitiesLn 26$279K
Total net assetsLn 32$24K
Months of cash on handcomputed2.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $72K · Operating expenses/yr $406K
2.1 months
Where the money goes
Program services
Program services $382K · Total expenses $406K
94%
Management & General
Management & general $17K · Total expenses $406K
4%
Fundraising
Fundraising $7K · Total expenses $406K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $143K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $145K · Total revenue $460K
32%
Government reliance
Government grants — · Total revenue $460K
Earned-income share
Program service revenue $304K · Total revenue $460K
66%
Investment reliance
Investment income $15 · Total revenue $460K
<0.01%
Program self-sufficiency
Program service revenue $304K · Total expenses $406K
75%
Growth & trend
Revenue growth (YoY)
This year $460K · Prior year $324K
+42%
Net-asset trend (YoY)
End of year $24K · Beginning of year $-31K
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $460K · Expenses $406K
+12%
Liabilities-to-Assets
Total liabilities $279K · Total assets $303K
92%
Net-asset ratio
Net assets $24K · Total assets $303K
8%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $303K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Maegan Cahoon · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $406K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $406K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 4%
Fundraising cost ratio 5%
Revenue growth 42%
Accounting fee ratio 0.6%

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 2 funders$60K

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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)$460K revenue · viewing · ⤓ 990 PDF
FY2024$324K revenue · ⤓ 990 PDF
FY2023$306K revenue · ⤓ 990 PDF
FY2022$21K 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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