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Lena Foundation

Lena

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 263784465 ✦ Louisville, CO ✦ Designated as a 501(c)(3)

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Overview

What is Lena Foundation?

Lena Foundation, based in Louisville, Colorado, is a nonprofit organization dedicated to enhancing children's futures through innovative early talk technology and data-driven programs. Their flagship tool, the Lena System, automatically measures talk with children, a crucial factor in early brain development and a predictor of both cognitive and social-emotional development. Lena Foundation collaborates with various partner organizations to improve early language environments and boost kindergarten readiness, aiming to boost school readiness and improve child outcomes across communities. With a team of 58 dedicated individuals, Lena Foundation's mission is to transform children's futures through its unique approach to early talk technology and data-driven programs.


Official website here: www.lena.org

What are the reviews and ratings of this charity?

**Lena Foundation: 92% Rating on Charity Navigator**

The Lena Foundation has achieved an impressive 92% rating on Charity Navigator, earning a Four-Star out of Four Stars designation. This score highlights the organization's strong focus on accountability and finance, demonstrated by a significant commitment to transparency and ethical governance. Their independent board structure and comprehensive financial oversight practices further reinforce their reliability as a nonprofit organization.

Strengths of Lena Foundation include excellent financial ratios, showcasing an efficient use of funds with a program expense ratio of over 80%. The foundation operates with a low fundraising efficiency ratio, meaning a minimal amount is spent on fundraising relative to the money raised, which indicates their commitment to maximizing donor contributions for programs. Policies regarding conflict of interest and whistleblower protections further reflect their adherence to best practices in nonprofit management.

However, it is worth noting that specific areas such as Impact & Measurement, Culture & Community, and Leadership & Adaptability have not been scored. This could be considered a limitation for potential donors or stakeholders looking for comprehensive insights into the organization's efficacy and overall impact in its field. Currently, there are no user reviews from GreatNonprofits to supplement this evaluation.


This AI summary has been generated from information found on Charity Navigator.

Is Lena Foundation legitimate?

Lena Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lena Foundation 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: $251,206
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,818,633

For more financial information, click here


Official website here: www.lena.org

What is the mission statement of Lena Foundation?

The Lena Foundation's mission is centered around enhancing children's futures. They achieve this through the use of early talk technology and data-driven programs. The foundation works closely with various partner organizations to improve early language environments and boost kindergarten readiness. Their primary tool is the Lena System, a technology that automatically measures talk with children, a crucial factor in early brain development and a predictor of both cognitive and social-emotional development. The Lena Foundation aims to transform children's lives by leveraging this technology.


Official website here: www.lena.org

Who is the CEO of Lena Foundation?

Stephen M Hannon Phd is the President And Ceo of Lena Foundation. The CEO's salary of Lena Foundation is $219,808 and their total compensation is $251,206.


Official website here: www.lena.org

What is the revenue of Lena Foundation?

Lena Foundation's revenue in 2022 was $8,619,527.


Official website here: www.lena.org

Who are the executives of Lena Foundation and what are their salaries?

The average compensation at Lena Foundation during 2022 was $87,411. There are 58 employees and 4 volunteers at Lena Foundation.


Here are 12 key members and their salaries (Lena Foundation's CEO's salary is $219,808 and their total compensation is $251,206):


Stephen M Hannon Phd (President And Ceo)
  • Compensation: $219,808
  • Related: $0
  • Other: $31,398
Sahar Bou-Ghazale Toukmaji (Head Of Technology Innovation)
  • Compensation: $230,361
  • Related: $0
  • Other: $10,316
Jessica Simmons (Chief Growth Officer)
  • Compensation: $199,185
  • Related: $0
  • Other: $25,412
Vince Swartout (Chief Information & Operations Officer)
  • Compensation: $178,503
  • Related: $0
  • Other: $30,409
Jill Gilkerson Phd (Chief Research & Evaluation Officer)
  • Compensation: $156,060
  • Related: $0
  • Other: $21,032
Carole Brite (Chief Financial Officer)
  • Compensation: $150,096
  • Related: $0
  • Other: $20,617
Alexander F Paul (Secretary/Treasurer)
  • Compensation: $12,015
  • Related: $0
  • Other: $28,660
Judith A Paul (Chairman)
  • Compensation: $19,596
  • Related: $0
  • Other: $9,927
Lee Marshall (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christine A Monfort (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carly Roberts (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven F Warren (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lena.org

Where can I find the form 990 for Lena Foundation?

Lena Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lena.org

Learn more at the official website: www.lena.org

Mission Statement of Lena Foundation

The Lena Foundation, with a mission deeply rooted in transforming children's futures, aims to accomplish this goal through the utilization of early talk technology and data-driven programs. This nonprofit organization, recognized for its innovative approach, strives to enhance community school readiness and improve overall child outcomes. The Lena Foundation collaborates with various partner organizations to improve early language environments and bolster kindergarten readiness.

Central to the Lena Foundation's strategy is the Lena System, a cutting-edge technology designed to measure talk with children. This tool plays a pivotal role in early brain development, serving as a predictor of both cognitive and social-emotional development. By leveraging this technology, the Lena Foundation aims to reshape the future of children, setting them on a path towards success.

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Impact




October, 2024

Lena Foundation has a significant impact on enhancing school readiness and improving child outcomes by focusing on early language development. By utilizing its innovative LENA System, which automatically measures conversational interactions between adults and children, Lena helps communities create richer early language environments. This approach is essential for fostering cognitive and social-emotional growth during critical developmental stages.

Through partnerships with various organizations, Lena Foundation’s programs deliver data-driven insights that empower caregivers and educators to maximize their interactions with young children. As a result, children are better prepared for kindergarten, setting a solid foundation for their future academic and social success. This transformative work not only elevates individual child outcomes but also strengthens communities overall, ensuring that more children have the opportunity to thrive from an early age.




This information is meant to be a general summary of Lena Foundation. 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.

Revenue
$8,619,527 (2022)
Expenses
$8,569,600 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$1,110
  • Gross Receipts: $9,898,671

Assets and Liabilities:

  • Total Assets: $8,230,784
  • Total Liabilities: $3,486,009
  • Net Assets: $4,744,775

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Organization Details

Founding Year

2008

Principal Officer

Stephen M Hannon Phd

Main Address

361 CENTENNIAL PARKWAY 100, LOUISVILLE, CO, 80027

NTEE Category

Code: B90 - Education

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