Overview
What is Earn To Learn Fl Inc?
Earn To Learn Fl Inc is a nonprofit organization based in Fort Myers, Florida, with a mission to eliminate barriers to higher education. By providing matched savings for education scholarships, this organization empowers income-challenged students to complete college successfully, reducing their student loan debt. Since 2016, Earn To Learn Fl has demonstrated significant outcomes in student debt reduction through a grant and philanthropic support. With a workforce of 66 employees, they have awarded scholarships to over 125 eligible students, enabling them to save and invest in their education. The organization aims to expand its program to other universities, colleges, and career and technical education centers in Florida, furthering its success in supporting students towards a debt-free college education.
Official website here: www.earntolearnfl.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
Earn To Learn FL Inc has achieved a Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance as well as leadership and adaptability. The organization scored particularly well in accountability, with independent board members and solid financial practices, such as a 0.00% liabilities-to-assets ratio and a high program expense ratio of 88.74%. The leadership score was also exemplary at 100%, signifying effective strategic planning and investment in leadership development.
User reviews from various stakeholders highlight the positive impact of Earn To Learn FL Inc in supporting women entrepreneurs and addressing issues such as economic security and education for women and girls in Southwest Florida. Many users commend the organization's dedicated leadership, innovative programs, and commitment to the community. The impact of its initiatives, including interest-free loans and mentorship, is frequently noted as life-changing for clients.
Despite the strong ratings and positive feedback, there could be limitations in broader public awareness of the organization's specific programs and services. However, the overwhelmingly positive reviews suggest that Earn To Learn FL Inc is making significant strides toward improving the lives of women and girls in its community, positioning itself as a leader in advocacy and support.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Earn To Learn Fl Inc legitimate?
Earn To Learn Fl Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Earn To Learn Fl 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: $348,688
For more financial information, click here
Official website here: www.earntolearnfl.org
What is the mission statement of Earn To Learn Fl Inc?
Earn To Learn Fl Inc's mission is centered around empowering financially challenged students to successfully complete their college education. The organization achieves this by offering matched savings for education, near-peer coaching, and personal financial training. Eligible students and their families can apply for tuition scholarships upon completing financial training and opening a Florida 529 savings account. Since its inception in 2016, Earn To Learn Fl Inc has demonstrated positive outcomes in reducing or eliminating student debt. The organization has been successful in securing funding, including a grant from the U.S. Department of Health & Human Services, to provide annually renewable scholarships to over 125 eligible students. Furthermore, the students aim to save a significant amount for their education through the Florida 529 accounts, with the savings increasing with future scholarship recipients. The additional funding allows Earn To Learn Fl Inc to continue its successful track record, broadening the scope of its program to other universities, colleges, and career and technical education centers in Florida.
Official website here: www.earntolearnfl.org
Who is the CEO of Earn To Learn Fl Inc?
Brenda Tate is the Director of Earn To Learn Fl Inc. The CEO's salary of Earn To Learn Fl Inc is $0 and their total compensation is $0.
Official website here: www.earntolearnfl.org
What is the revenue of Earn To Learn Fl Inc?
Earn To Learn Fl Inc's revenue in 2021 was $851,451.
Official website here: www.earntolearnfl.org
Who are the executives of Earn To Learn Fl Inc and what are their salaries?
The average compensation at Earn To Learn Fl Inc during 2021 was $5,283. There are 66 employees and 50 volunteers at Earn To Learn Fl Inc.
Here are 10 key members and their salaries (Earn To Learn Fl Inc's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.earntolearnfl.org
Where can I find the form 990 for Earn To Learn Fl Inc?
Earn To Learn Fl Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.earntolearnfl.org
Learn more at the official website: www.earntolearnfl.org
Mission Statement of Earn To Learn Fl Inc
Earn To Learn FL Inc envisions a world where barriers to higher education are eliminated, ensuring that Florida's students graduate on time, career-ready, and with minimal student loan debt. The organization's mission is centered around empowering income-challenged students to successfully complete their college education. This is achieved through a matched savings for education program, near-peer coaching, and personal financial training.
Under the matched savings for education program, eligible students and their families, who meet income qualifications, can apply for a tuition scholarship up to four years. This scholarship is made up of funds from Earn To Learn FL's Matched Savings for Education Scholarship and a Florida 529 Savings Account. These funds are utilized for tuition, books, fees, and other approved educational-related expenses at a Florida state university, college, or career and technical education center. Since its inception in 2016, Earn To Learn FL has demonstrated successful outcomes in reducing or eliminating student debt through a new approach.
The organization initially leveraged a modest grant of $100,000 from the U.S. Department of Health & Human Services in 2016, transforming it into a viable and scalable program. Over the past six years, Earn To Learn FL has raised over $1.8 million in philanthropic support from individuals, corporations, and academic institutions in Florida. This support allows the organization to provide annually renewable matched savings for education scholarships to over 125 eligible students.
In addition to scholarship funding, these eligible students aim to save over $250,000 to invest in their education through Florida 529 accounts. As the number of scholarship recipients grows, so does the amount of funds available in these 529 accounts. This continued funding enables Earn To Learn FL to maintain its success in leveraging funds, ensuring sustainability, and broadening the current program's scope to Florida's other universities, colleges, and career and technical education centers.
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Impact
July, 2024
Earn To Learn FL Inc's impact is evident in its efforts to empower income-challenged students to successfully complete college through matched savings for education, near-peer coaching, and personal financial training. By providing matched savings for education scholarships and encouraging students and their families to save through Florida 529 accounts, the organization is helping to reduce or eliminate student loan debt for Florida's students. Through leveraging various sources of funding and partnerships, Earn To Learn FL has been able to provide scholarships to over 125 eligible students, with plans to expand its reach to more universities, colleges, and career and technical education centers in the state. This innovative approach has led to positive outcomes and demonstrates a sustainable way of supporting students in pursuing higher education and achieving their career goals.
This information is meant to be a general summary of Earn To Learn Fl 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 2021.
- Investment Income: $19,271
- Program Service Revenue: $9,375
- Gross Receipts: $851,451
Assets and Liabilities:
- Total Assets: $2,378,000
- Total Liabilities: $87,531
- Net Assets: $2,290,469
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$9,375
Organization Details
Founding Year
2011
Phone
(239) 789-4714Principal Officer
Brenda Tate
Main Address
9160 FORUM CORPORATE PKWY STE 321, FORT MYERS, FL, 33905
Website
www.earntolearnfl.orgNTEE Category
Code: T30 - Philanthropy
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