Live & Learn Inc

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

EIN: 814449372 ✦ Jamestown, RI ✦ Designated as a 501(c)(3)

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Overview

What is Live & Learn Inc?

Live & Learn Inc, based in Jamestown, Rhode Island, is a nonprofit organization that primarily focuses on educating children in elementary school grades (K-4) about entrepreneurship. Through their innovative Junior Entrepreneurship program, they teach crucial business fundamentals and encourage community service. The children engaged in this program engage in various activities, such as baking and donating meals to shelters and organizations, and growing flowers and greens to donate. By participating in these activities, they not only learn business skills but also contribute positively to their local community. Live & Learn Inc's efforts reach approximately 6,000 children and are supported by a team of seven dedicated individuals.


Official website here: www.liveandlearnri.com

Is Live & Learn Inc legitimate?

Live & Learn Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Live & Learn 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: $38,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $17,723

For more financial information, click here


Official website here: www.liveandlearnri.com

What is the mission statement of Live & Learn Inc?

Live & Learn Inc's mission revolves around providing entrepreneurship training and fostering community problem-solving and service. Through their Junior Entrepreneurship program, they educate children in grades K-4 about business fundamentals and encourage them to engage in community service. This is demonstrated by guiding them to bake and donate food to shelters and organizations, as well as growing flowers and greens to be donated. Live & Learn Inc serves approximately 6000 individuals with this program.


Official website here: www.liveandlearnri.com

Who is the CEO of Live & Learn Inc?

Gina Malloy is the Executive Director of Live & Learn Inc.


Official website here: www.liveandlearnri.com

What is the revenue of Live & Learn Inc?

Live & Learn Inc's revenue in 2022 was $94,921.


Official website here: www.liveandlearnri.com

Who are the executives of Live & Learn Inc and what are their salaries?

The average compensation at Live & Learn Inc during 2022 was $8,032. There are 7 employees and 10 volunteers at Live & Learn Inc.


Here are 4 key members and their salaries:


Gina Malloy Jd (Executive Director)
  • Compensation: $38,500
  • Related: $0
  • Other: $0
Eileen Donnelly (Board President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elaine Evangelista (Board Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Catherine Shafts (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.liveandlearnri.com

Where can I find the form 990 for Live & Learn Inc?

Live & Learn Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.liveandlearnri.com

Learn more at the official website: www.liveandlearnri.com

Mission Statement of Live & Learn Inc

Live & Learn Inc, a nonprofit organization, is dedicated to fostering entrepreneurship among children and encouraging community problem-solving and service. Through its mission, the organization focuses on providing business education to children in grades K-4 and inspiring them to contribute back to their communities. This is achieved by integrating practical lessons in business basics with community service initiatives. For instance, children are taught about running a business and then given the opportunity to bake and donate food and meals to shelters and organizations. Additionally, Live & Learn Inc encourages children to engage in gardening projects, growing flowers and greens, which are later donated to various communities. This nonprofit serves approximately 6000 children, instilling in them a sense of responsibility and community involvement from a young age.

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Impact




October, 2024

Live & Learn Inc. significantly impacts the community by equipping young children with essential entrepreneurship skills while fostering a sense of social responsibility. Through its Junior Entrepreneurship program, children in grades K-4 gain hands-on experience in business basics, which builds a foundation for future economic empowerment.

The program combines educational components with community service, teaching kids the importance of giving back. Activities such as baking and donating meals to shelters, as well as growing flowers and greens for donation, instill values of compassion and community engagement. Serving approximately 6,000 children, Live & Learn Inc. not only enhances individual growth but also strengthens community ties, promoting a culture of collaboration and service. This dual focus on entrepreneurship and social responsibility sets a powerful example for the younger generation, preparing them to be proactive members of society.




This information is meant to be a general summary of Live & Learn 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.

Revenue
$94,921 (2022)
Expenses
$94,150 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $74,921
  • Gross Receipts: $94,921

Assets and Liabilities:

  • Total Assets: $15,398
  • Total Liabilities: $14,627
  • Net Assets: $771

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Organization Details

Founding Year

2017

Principal Officer

Gina Malloy

Main Address

679 E Shore Rd, Jamestown, RI, 02835

NTEE Category

Code: B90 - Education

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