Pivot Learning FY2021 filing

Oakland, CAUnknown exempt organization EIN 94-3227655Revenue $5.6M in FY2021

On file with the IRSpivotlearning.org1300 Clay Street Suite 600 · Oakland, CA

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79¢ of each $1 spent went to programs.
$1.4M paid to officers and key staff.
Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $1.0M a year · 21% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.4M
to officers and key staff · 30% of spending
Worth a look: pay to officers and key staff is 30% of spending; over 20%.
Pt VII · Sec A
3 mo
of spending, in cash
Plus $2.4M in investments, Pt X · Ln 11–13
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.7M
27% of total assets
Looks good: liabilities are 27% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.6M
+51% vs prior year
Spent
$4.5M
To programs
79%
Net assets
$4.6M
By yearFY2020–FY2023
Revenue
$5.6M
FY2021▲ +51%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.7M
FY2021$5.6M
FY2022$7.1M
FY2023$2.7M
FY2023$13K
Expenses
$4.5M
FY2021▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.0M
FY2021$4.5M
FY2022$6.5M
FY2023$8.1M
FY2023$88K
Net assets
$4.6M
FY2021▲ +29%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.6M
FY2021$4.6M
FY2022$5.1M
FY2023$75K
FY2023$0

From the FY2021 Form 990 (year ending June 2021) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $3.6M Management & general 21% · $941K

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

18 people listed on the 990; $1.4M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$248,632Pt VII · Sec A
CFO (thru 1/15/21)
$211,343Pt VII · Sec A
Chief Talent & Culture Officer
$172,813Pt VII · Sec A
VP Education Programs
$139,125Pt VII · Sec A
Chief Growth Officer
$139,125Pt VII · Sec A
VP Education Programs
$119,250Pt VII · Sec A
Director Product Development
$115,971Pt VII · Sec A
Director, Education Programs
$105,920Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Ramanathanarun$367,862———
Arun Ramanathan—$354,010$248,632$271,937
Dabbynadya Chinoy$321,808———
Mark Simmons——$211,343$210,901
Kaplanjohannah$208,712———
Johannah Kaplan—$191,009$172,813$164,750
Nadya Chinoy Dabby—$187,365$139,125—
Robert Curtis——$104,866$165,000

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

Pivot Learning is a nonprofit organization based in Oakland, CA.

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Provided by the organization

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2 programs · $3.6M · in their own filed words · FY2020
01

With support from key funders, pivot utilized funding to achieve the following project goals: 1) expand company operations, strategy, and distribution to ensure future growth of the organization.

$3.5Mprogram expense
02

Fee for Service Revenues

District partnership coaching to improve the instructional programs and leadership systems within districts and schools to better support the educational acheivement of students. This is done through coaching with district and school leaders and professional development training for teachers.

$93Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$16

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$5.6M
Ln 12
Gifts and grantsLn 1h$4.5M
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$27K
Money outPt IX
$4.5M
Ln 25
Programscol B$3.6M
Managementcol C$941K
Owns and owesPt X
$4.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$6.3M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
18
listed · VII A
PaidVII A9
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.5M
Government grantsLn 1e$467K
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$27K
Gains on assetsLn 7$10K
Total revenueLn 12$5.6M
Assets in detailPt X, end of year
CashLn 1$984K
SavingsLn 2$151K
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$2.4M
Land, buildings, equipmentLn 10c$8K
Other assetsLn 15$166K
Total assetsLn 16$6.3M
LiabilitiesLn 26$1.7M
Net assetsLn 32$4.6M
OperationsPt I, VI
EmployeesI 527
VolunteersI 66
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$678K$1.1M
InvestmentsLn 11–13$2.4M$2.4M
Land, buildings, equipmentLn 10c$83K$8K
Total assetsLn 16$5.2M$6.3M
LiabilitiesLn 26$1.6M$1.7M
Net assetsLn 32$3.6M$4.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$686K$98K$588K
Other salaries and wagesLn 7$1.4M$1.4M
Pension plan contributionsLn 8$25K$20K$5K
Other employee benefitsLn 9$224K$174K$50K
Payroll taxesLn 10$172K$111K$61K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$117K$29K$88K
Investment management feesLn 11f$5K$5K
Other fees for servicesLn 11g$86K$46K$40K
Advertising and promotionLn 12$126K$126K
Information technologyLn 14$146K$107K$39K
OccupancyLn 16$114K$83K$30K
TravelLn 17$7K$7K
InterestLn 20$1K$1K
Depreciation, depletion and amortizationLn 22$16K$16K
Other expenses (24a–d)Ln 24$1.4M$1.4M$4K
Total functional expensesLn 25$4.5M$3.6M$941K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 $2.7M$8.1M−$5.4M$75K 990 PDF
FY2022 $7.1M$6.5M$594K$5.1M 990 PDF
FY2021 Viewing $5.6M$4.5M$1.1M$4.6M 990 PDF
FY2020 $3.7M$4.0M−$315K$3.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $5,602,627 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,632,768$4,456,471
I-9 Program service revenuePrior year $1,058,668$1,119,415
I-10 Investment incomePrior year $23,764$26,741
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $3,715,200$5,602,627
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,673,374$2,519,774
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,357,081$2,030,125
I-18 Total expensesPrior year $4,030,455$4,549,899
I-19 Revenue less expensesPrior year −$315,255$1,052,728
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,602,627 across 7 lines filed
VIII-1e Government grants$466,530
VIII-1f All other contributions, gifts and grants$3,989,941
VIII-1h Total contributions, gifts and grants$4,456,471
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,119,415$1,119,415
VIII-3 Investment incomeExcluded from tax $16,968$16,968
VIII-7 Net gain or loss on sales of assetsExcluded from tax $9,773$9,773
VIII-12 Total revenueRelated to mission $1,119,415 · Unrelated business $0 · Excluded from tax $26,741$5,602,627
Part IX · Statement of functional expenses $4,549,899 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $97,744 · Management $587,997$685,741
IX-7 Other salaries and wagesPrograms $1,413,025$1,413,025
IX-8 Pension plan contributionsPrograms $19,959 · Management $5,278$25,237
IX-9 Other employee benefitsPrograms $174,113 · Management $49,772$223,885
IX-10 Payroll taxesPrograms $110,509 · Management $61,377$171,886
IX-11b Legal feesManagement $6,124$6,124
IX-11c Accounting feesPrograms $29,302 · Management $87,906$117,208
IX-11f Investment management feesManagement $4,585$4,585
IX-11g Other fees for servicesPrograms $45,541 · Management $40,070$85,611
IX-12 Advertising and promotionPrograms $126,430$126,430
IX-14 Information technologyPrograms $106,534 · Management $38,977$145,511
IX-16 OccupancyPrograms $83,321 · Management $30,485$113,806
IX-17 TravelManagement $7,297$7,297
IX-20 InterestManagement $1,148$1,148
IX-22 Depreciation, depletion and amortizationManagement $15,843$15,843
IX-24 Other expenses (24a–d)Programs $1,402,605 · Management $3,957$1,406,562
IX-25 Total functional expensesPrograms $3,609,083 · Management $940,816 · Fundraising $0$4,549,899
Part X · Balance sheet $6,301,356 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $678,254$983,703
X-2 Savings and temporary cash investmentsStart of year $0$151,382
X-3 Pledges and grants receivableStart of year $1,960,767$2,440,843
X-4 Accounts receivableStart of year $65,306$133,262
X-9 Prepaid expenses and deferred chargesStart of year $17,655$5,250
X-10c Land, buildings and equipment, netStart of year $83,397$8,028
X-11 Publicly traded securitiesStart of year $910,946$913,048
X-12 Other securitiesStart of year $1,500,000$1,500,000
X-15 Other assetsStart of year $14,579$165,840
X-16 Total assetsStart of year $5,230,904$6,301,356
X-17 Accounts payable and accrued expensesStart of year $477,192$637,707
X-19 Deferred revenueStart of year $163,036$60,785
X-24 Unsecured notes and loans payableStart of year $476,530$514,792
X-25 Other liabilitiesStart of year $524,096$463,740
X-26 Total liabilitiesStart of year $1,640,854$1,677,024
X-27 Net assets without donor restrictionsStart of year $416,673$1,678,976
X-28 Net assets with donor restrictionsStart of year $3,173,377$2,945,356
X-32 Total net assets or fund balancesStart of year $3,590,050$4,624,332
X-33 Total liabilities and net assetsStart of year $5,230,904$6,301,356
Part XI · Reconciliation of net assets $4,624,332 net assets at year end
XI-1 Total revenue$5,602,627
XI-2 Total expenses$4,549,899
XI-3 Revenue less expenses$1,052,728
XI-4 Net assets at start of year$3,590,050
XI-5 Net unrealized gains (losses) on investments−$18,446
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,624,332

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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