Overview
What is Live The Solution?
Live the Solution DBA Earn to Learn is a pioneering, nonprofit organization based in Arizona, dedicated to enhancing post-secondary education access and completion, particularly for students from lower socio-economic backgrounds. Established in 2013, it operates the largest and most successful matched-savings scholarship program in the U.S., combining student savings with scholarships, financial education, and college success coaching. This holistic approach helps low to moderate income and underrepresented students obtain a college education with little to no student loan debt. Students deposit $500 annually into a savings account, which is then matched 8:1, providing $4,500 per academic year to offset education costs. The program has demonstrated promising results with high first-year retention rates, graduation rates above the national average, and a significant reduction in student loan debt for participants. Earn to Learn is currently partnering with several universities and community colleges in Arizona and aiming to expand to rural areas. It has garnered attention from the governor's office and federal legislators, with the potential to become a national model for financial aid.
Official website here: www.earntolearn.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
Live The Solution Dba Earn To Learn has received a commendable Four-Star rating from Charity Navigator, highlighting its strong accountability and finance practices. The organization excels with a perfect score in Accountability & Finance, demonstrating effective governance with a fully independent board and robust financial oversight. The absence of material asset diversion and a high program expense ratio indicate a commitment to transparency and impactful use of funds.
User feedback from Great Nonprofits also reinforces the positive impression of the organization. Reviewers express satisfaction with the program's dedication to making education equitable and accessible, sharing compelling success stories from participants. This suggests a strong community impact and a reputation for effectively supporting students as they navigate their educational and workforce transitions.
While the ratings and reviews are overwhelmingly positive, ongoing efforts to maintain and expand their reach will be crucial for sustaining their high performance and impact. The organization has shown evidence of investing in leadership development, which bodes well for future adaptability and growth.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Live The Solution legitimate?
Live The Solution is a legitimate nonprofit organization registered as a 501(c)(3) entity. Live The Solution submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $315,384
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,056,688
For more financial information, click here
Official website here: www.earntolearn.org
What is the mission statement of Live The Solution?
Live The Solution Dba Earn To Learn's mission is centered around empowering students to achieve their educational goals and prepare for the workforce with minimal student debt. They accomplish this mission through a four-pillar approach, which includes matched savings scholarships, success coaching and advising, financial education, and workforce readiness training. The matched savings scholarships provide funding up to $4,500 per academic year, while the coaching and advising services assist students in navigating university services and financial aid applications. Financial education introduces best practices in personal finance, and workforce readiness training equips students with skills such as critical thinking, leadership, and teamwork.
Official website here: www.earntolearn.org
Who is the CEO of Live The Solution?
Kellie Terhune Neely is the Chair of Live The Solution. The CEO's salary of Live The Solution is $173,499 and their total compensation is $190,568.
Official website here: www.earntolearn.org
What is the revenue of Live The Solution?
Live The Solution's revenue in 2022 was $3,231,880.
Official website here: www.earntolearn.org
Who are the executives of Live The Solution and what are their salaries?
The average compensation at Live The Solution during 2022 was $16,733. There are 82 employees and 115 volunteers at Live The Solution.
Here are 14 key members and their salaries (Live The Solution's CEO's salary is $173,499 and their total compensation is $190,568):
- Compensation: $173,499
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- Other: $17,069
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- Other: $12,801
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Official website here: www.earntolearn.org
Where can I find the form 990 for Live The Solution?
Live The Solution's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.earntolearn.org
Learn more at the official website: www.earntolearn.org
Mission Statement of Live The Solution
Live The Solution Dba Earn To Learn, a nonprofit organization, is dedicated to empowering students and helping them achieve their goals while becoming workforce-ready with minimal to no student debt. They accomplish this mission through a four-pillar approach to financial preparation. This includes matched savings scholarships, where students' savings are matched 8:1 through a public-private funding model, providing up to $4,500 in funding per academic year. The program also offers success coaching and advising to assist in completing applications for admissions and financial aid, troubleshoot obstacles, and navigate university services. Furthermore, Earn To Learn provides financial education, introducing students to best practices in personal finance, financial literacy, and a lifetime commitment to saving, helping reduce student loan debt and prepare for a healthy financial life. The workforce readiness component of the program equips students with skills employers seek, such as critical thinking, planning, leadership, and teamwork. Additionally, the organization offers training in resume writing and interviewing.
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Impact
October, 2024
Live The Solution significantly impacts students by providing them with essential resources to achieve their educational and career goals while minimizing student debt. Through its innovative four-pillar approach, the program empowers students to engage in matched savings scholarships, where their savings are matched 8:1, allowing them to secure up to $4,500 per academic year. This financial support is critical for students from lower socioeconomic backgrounds who often face barriers to accessing higher education.
In addition to financial assistance, students receive success coaching and advising, which aids them in navigating the complexities of college applications and financial aid processes. This personalized support addresses obstacles, ensuring that students can focus on their education rather than the challenges that may arise.
Financial education forms another vital component, equipping students with crucial knowledge about personal finance, best practices for money management, and instilling a commitment to lifelong saving. This training not only helps reduce reliance on student loans but prepares students for a healthy financial life post-graduation.
Furthermore, the program enhances workforce readiness by developing critical skills that employers value, including leadership, teamwork, and problem-solving. Training in resume writing and interview techniques further prepares students to transition effectively into the job market.
The results of Live The Solution’s initiatives are compelling. With first-year retention rates nearing 90%, and graduation rates significantly outperforming national averages, the program is transforming lives. Many participants graduate with little to no student loan debt, often far less than their peers, paving a path towards economic mobility and a brighter future. The impact extends beyond individuals, contributing to a stronger workforce and community by ensuring that students from diverse backgrounds can realize their full potential in higher education and the workforce.
This information is meant to be a general summary of Live The Solution. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $3,231,880
Assets and Liabilities:
- Total Assets: $1,520,370
- Total Liabilities: $499,837
- Net Assets: $1,020,533
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Organization Details
Founding Year
2008
Phone
(520) 260-7379Principal Officer
Kellie Terhune Neely
Main Address
6336 N ORACLE ROAD STE 326 106, TUCSON, AZ, 85704
Website
www.earntolearn.orgNTEE Category
Code: P51 - Human services
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