Overview
What is Innovations For Learning Inc?
Innovations For Learning Inc, based in Odessa, Florida, is a nonprofit organization dedicated to fostering beginning literacy. They operate the TutorMate program, connecting volunteers from prominent corporations with first-grade students for weekly 30-minute reading sessions. Their mission is to equip individuals with necessary tools and services for literacy development, thereby contributing positively to the educational landscape. With a team of 30 employees, Innovations For Learning Inc continues to support literacy initiatives, making a significant impact in the community.
Official website here: www.chapterone.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Innovations For Learning Inc has achieved an overall score of 88%, reflecting strong performance in the accountability and finance category. The high score indicates a solid commitment to transparency and responsible financial management. The organization boasts a majority independent board and a robust structure with independent members, which enhances its governance.
The financial health of Innovations For Learning is demonstrated through key metrics, such as a program expense ratio of 79.29%, indicating that a significant portion of its budget is directed toward its mission-related activities. Additionally, the organization has no material diversion of assets, and its financial statements are rigorously audited, reinforcing its credibility in financial practices.
However, the organization does have some areas for improvement, notably the absence of a whistleblower policy and a document retention and destruction policy. Addressing these gaps could further enhance their governance and transparency, building greater trust among stakeholders and potential donors. Overall, Innovations For Learning Inc appears to be a trustworthy nonprofit with a strong focus on accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Innovations For Learning Inc legitimate?
Innovations For Learning Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Innovations For Learning Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,546,498
For more financial information, click here
Official website here: www.chapterone.org
What is the mission statement of Innovations For Learning Inc?
Innovations For Learning Inc's mission is centered around providing resources for beginning literacy. They strive to accomplish this goal by offering tools and services. One of their initiatives is the TutorMate program, which pairs volunteers from major corporations with first-grade students for weekly 30-minute reading sessions. These sessions aim to foster reading skills and literacy development in the students.
Official website here: www.chapterone.org
Who is the CEO of Innovations For Learning Inc?
Seth J Weinberger is the Director / President of Innovations For Learning Inc.
Official website here: www.chapterone.org
What is the revenue of Innovations For Learning Inc?
Innovations For Learning Inc's revenue in 2022 was $2,430,391.
Official website here: www.chapterone.org
Who are the executives of Innovations For Learning Inc and what are their salaries?
The average compensation at Innovations For Learning Inc during 2022 was $84,883. There are 30 employees at Innovations For Learning Inc.
Here are 14 key members and their salaries:
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- Compensation: $123,846
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Official website here: www.chapterone.org
Where can I find the form 990 for Innovations For Learning Inc?
Innovations For Learning Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chapterone.org
Learn more at the official website: www.chapterone.org
Mission Statement of Innovations For Learning Inc
Innovations For Learning, an esteemed organization, is committed to providing resources and support for promoting beginning literacy. Their primary mission is to offer tools and services that facilitate this crucial skill development in children. One of their significant initiatives is the TutorMate program, which pairs volunteers from prominent corporations with first-grade students. Through a weekly 30-minute reading session, these volunteers engage in shared reading exercises, contributing to the children's literacy development.
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Impact
October, 2024
Innovations For Learning Inc significantly enhances beginning literacy by connecting corporate volunteers with first-grade students through its TutorMate program. This initiative fosters a love for reading by facilitating weekly, focused reading sessions that last 30 minutes. Volunteers offer personalized attention and encouragement, creating a supportive learning environment that helps young learners develop essential literacy skills. By bridging the gap between community engagement and education, Innovations For Learning Inc plays a crucial role in building a foundation for lifelong learning and academic success among children in Odessa, FL, and beyond.
This information is meant to be a general summary of Innovations For Learning Inc. 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.
- Investment Income: -$3,095,694
- Program Service Revenue: $4,257,590
- Gross Receipts: $31,750,935
Assets and Liabilities:
- Total Assets: $4,834,249
- Total Liabilities: $1,430,493
- Net Assets: $3,403,756
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICES INCOME
Revenue
$4,257,590
Organization Details
Founding Year
1993
Phone
(800) 975-3452Principal Officer
Seth J Weinberger
Main Address
13553 STATE ROAD 54 SUITE 50, ODESSA, FL, 33556
Website
www.chapterone.orgNTEE Category
Code: B90 - Education
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