Civic Intelligence

Learning Ally Inc.

990 • Fiscal year 2015 • EIN 13-1659345

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 04, 2016

20 Roszel RoadPrinceton, NJ 08540

(609) 243-7603

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

30th percentile

0.10x

Higher debt load relative to assets than 30% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

36th percentile

0.19x

Higher debt load relative to revenue than 36% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Net Margin

7th percentile

-24%

Higher net margin than 7% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

5th percentile

-16%

Faster asset growth than 5% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

13th percentile

-17%

Faster revenue growth than 13% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Assets

Down

$31,476,538

Down $5,808,811 (-16%) from 2014

Net Assets

Down

$28,337,452

Down $5,469,080 (-16%) from 2014

Liabilities

Down

$3,139,086

Down $339,731 (-9.8%) from 2014

Revenue

Down

$16,291,229

Down $3,435,213 (-17%) from 2014

Expenses

Down

$20,197,796

Down $1,552,389 (-7.1%) from 2014

Net Income

Down

-$3,906,567

Down $1,882,824 (-93%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2010: $50,269,397Liabilities 2010: $6,267,713Net Assets 2010: $44,001,6842010Assets 2011: $55,428,956Liabilities 2011: $6,363,984Net Assets 2011: $49,064,9722011Assets 2012: $45,474,088Liabilities 2012: $5,522,223Net Assets 2012: $39,951,8652012Assets 2013: $40,010,258Liabilities 2013: $4,792,248Net Assets 2013: $35,218,0102013Assets 2014: $37,285,349Liabilities 2014: $3,478,817Net Assets 2014: $33,806,5322014Assets 2015: $31,476,538Liabilities 2015: $3,139,086Net Assets 2015: $28,337,4522015Assets 2016: $31,553,823Liabilities 2016: $3,550,110Net Assets 2016: $28,003,7132016Assets 2017: $31,360,239Liabilities 2017: $3,643,903Net Assets 2017: $27,716,3362017Assets 2018: $31,345,967Liabilities 2018: $4,733,686Net Assets 2018: $26,612,2812018Assets 2019: $30,979,406Liabilities 2019: $6,107,591Net Assets 2019: $24,871,8152019Assets 2020: $31,974,307Liabilities 2020: $9,371,232Net Assets 2020: $22,603,0752020Assets 2021: $38,869,438Liabilities 2021: $9,544,443Net Assets 2021: $29,324,9952021Assets 2022: $38,562,596Liabilities 2022: $12,846,345Net Assets 2022: $25,716,2512022Assets 2023: $37,887,626Liabilities 2023: $14,817,463Net Assets 2023: $23,070,1632023Assets 2024: $40,746,463Liabilities 2024: $14,656,371Net Assets 2024: $26,090,0922024Assets 2025: $43,977,996Liabilities 2025: $10,512,670Net Assets 2025: $33,465,3262025

Highlighted filing

2015

Assets$31,476,538
Liabilities$3,139,086
Net Assets$28,337,452

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $50,414,9642010Revenue 2011: $33,222,897Expenses 2011: $28,548,207Net Income 2011: $4,674,6902011Expenses 2012: $25,790,1522012Revenue 2013: $17,392,589Expenses 2013: $23,486,433Net Income 2013: -$6,093,8442013Revenue 2014: $19,726,442Expenses 2014: $21,750,185Net Income 2014: -$2,023,7432014Revenue 2015: $16,291,229Expenses 2015: $20,197,796Net Income 2015: -$3,906,5672015Revenue 2016: $18,067,130Expenses 2016: $17,086,602Net Income 2016: $980,5282016Revenue 2017: $14,244,849Expenses 2017: $16,311,587Net Income 2017: -$2,066,7382017Revenue 2018: $17,304,467Expenses 2018: $17,323,663Net Income 2018: -$19,1962018Revenue 2019: $18,424,043Expenses 2019: $19,518,346Net Income 2019: -$1,094,3032019Revenue 2020: $17,239,577Expenses 2020: $20,676,241Net Income 2020: -$3,436,6642020Revenue 2021: $24,051,684Expenses 2021: $23,644,447Net Income 2021: $407,2372021Revenue 2022: $31,390,401Expenses 2022: $27,792,551Net Income 2022: $3,597,8502022Revenue 2023: $30,557,726Expenses 2023: $33,008,522Net Income 2023: -$2,450,7962023Revenue 2024: $30,981,748Expenses 2024: $29,244,437Net Income 2024: $1,737,3112024Revenue 2025: $29,363,092Expenses 2025: $23,997,684Net Income 2025: $5,365,4082025

Highlighted filing

2015

Revenue$16,291,229
Expenses$20,197,796
Net Income-$3,906,567
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 4, 2016
Return Version
2014v6.0
Gross Receipts
$21,543,860
Mission and Program Overview

Mission

Learning ally, inc. 's mission is to promote personal achievement when access and reading are barriers to learning by advancing the use of accessible and effective educational solutions. (see attachment 1)

Learning ally, inc. 's mission is to promote personal achievement when access and reading are barriers to learning by advancing the use of accessible and effective educational solutions. See attachment 1

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$20,358,090$18,254,288▼ $2,103,802
Land, Buildings, and Equipment, Net$4,878,284$4,413,048▼ $465,236
Pledges and Grants Receivable$2,571,503$2,426,581▼ $144,922
Investments in Publicly Traded Securities$3,464,308$779,362▼ $2,684,946
Savings and Temporary Cash Investments$911,149$777,918▼ $133,231
Prepaid Expenses and Deferred Charges$585,568$483,737▼ $101,831
Accounts Receivable$266,883$264,896▼ $1,987
Cash and Non-Interest-Bearing Accounts$1,650$1,450▼ $200
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$37,285,349$31,476,538▼ $5,808,811
Other Assets Total$4,247,914$4,075,258▼ $172,656
Liabilities
Deferred Revenue$1,921,116$1,907,698▼ $13,418
Accounts Payable and Accrued Expenses$1,557,701$1,231,388▼ $326,313
Total Liabilities$3,478,817$3,139,086▼ $339,731
Net Assets / Fund Balance
Permanently Rstr Net Assets$12,442,218$12,366,245▼ $75,973
Temporarily Rstr Net Assets$10,634,847$9,812,486▼ $822,361
Unrestricted Net Assets$10,729,467$6,158,721▼ $4,570,746
Total Net Assets Fund Balance$33,806,532$28,337,452▼ $5,469,080
Total Liabilities and Net Assets / Fund Balance$37,285,349$31,476,538▼ $5,808,811

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$491,293$7,602,854$8,094,147
Buildings$2,665,525$4,458,736$7,124,261
Equipment$144,030$5,505,669$5,649,699
Land$1,006,510-$1,006,510
Leasehold Improvements$105,690$267,122$372,812

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$13,957,880-▼ $83,930-$13,873,950
2013$15,386,610$223,182▲ $1,776,333$3,428,245$13,957,880
2012$14,149,953-▲ $1,236,657-$15,386,610
2011$13,745,990-▲ $403,963-$14,149,953
2010$12,223,514-▲ $1,522,476-$13,745,990
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Andrew FriedmanPresident & CEOFT$291,899$37,961$326,060
James HallidayExecutive Vice PresidentFT$286,436$35,083$321,519
Cynthia HamburgerCOO/CIOFT$244,320$6,614$250,934
Constance MurphyExecutive Vice PresidentFT$217,386$29,067$246,453
Tim WilsonCFOFT$195,086$27,208$222,294
Stephen FerrantiVP Digital OperationsFT$186,936$24,589$215,325
Paul EdelblutVP Education SolutionsFT$173,786$29,602$203,388
Jeffery HoVP New Product DevelopmentFT$170,193$17,332$187,525
James MaloneyVice President MarketingFT$144,485$19,027$163,512
George KerscherSr Off Access InfoFT$132,723$27,829$160,552
David KozemchakAVP OperationsFT$126,053$27,208$153,261
Patricia WilusVP Human ResourcesFT$142,002$9,091$151,093
Erica ReiterDirector Major GiftsFT$134,779$15,191$149,970
James PritchettProcess & RedesignFT$119,105$25,050$144,155
Cheryl KopecLeader, Member SucFT$129,423$10,628$140,051

Highest Paid Contractors

ContractorServicesLocationCompensation
Faircom New York INCDirect Mail12 WEST 27TH ST, New York, NY 10001$462,677
Datanaut LLCSoftware Developer7613 IRONGATE LANE, Frederick, MD 21702$459,371
Mcl ConsultingPhilanthropy Consult2601 PENNSYLVANIA AVE STE 1125, Philadelphia, PA 19130$271,307
Kelly L BehMarketing Consultant144 VALLEY ROAD, Ardmore, PA 19003$201,178
Benjamin FossAwareness Consultant57 PETERS AVENUE, San Francisco, CA 94110$189,327
Revenue and Support

Revenue Composition

Contributions and Grants
$9,187,836
Program Service Revenue
$3,754,384
Investment Income
$1,426,981
Other Revenue
$1,922,028
All Other Contributions
$5,546,330
Change in Net Assets
$-3,906,567

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Books and Publications-$128,244Fair Market Value (FMV)
Securities Publicly Traded7$20,309Fair Market Value (FMV)
Total Noncash Contributions7$148,553-

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,469,393
Revenue Not Reported on Financial Statements
$-178,164
Revenue Not Reported on Form 990
$7,331,803
Other Revenue Adjustments
$-192,508
Total Revenue per Audited Statements
$23,801,196
Total Revenue per Form 990
$16,291,229
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,718,088
Other Expenses$6,989,396
Total Fundraising Expense$2,004,617
Professional Fundraising Fees$423,312
Grants and Similar Amounts Paid$67,000

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,554,365$753,930$844,243$8,152,538
Current Officers, Directors, Trustees, and Key Employees$1,298,600$732,732$250,351$2,281,683
Fees for Services Other$1,485,283$213,168$127,560$1,826,011
Other Employee Benefits$910,881$136,414$87,641$1,134,936
Occupancy$994,212--$994,212
Office Expenses$556,998$414,684$13,229$984,911
Payroll Taxes$709,402$119,228$102,569$931,199
Depreciation Depletion$526,963$84,578$3,486$615,027
Travel$362,287$88,735$85,059$536,081
Fees for Services Professional Fundraising--$423,312$423,312
Information Technology$99,247$274,045$24,180$397,472
Advertising$366,248-$1,299$367,547
Pension Plan Contributions$178,432$20,896$18,404$217,732
Fees for Services Accounting-$135,018-$135,018
Insurance$78,354$36,580-$114,934
Fees for Services Lobbying$101,744--$101,744
Fees for Services Legal-$74,288-$74,288
Grants to Domestic Individuals$67,000--$67,000
Conferences and Meetings$56,309$8,044$125$64,478
Other Expenses$22,444$26,867$1,598$50,909
Royalties$25,352--$25,352
Fees for Service Investment Mgmnt Fees-$14,344-$14,344
Total Functional Expenses$14,869,571$3,323,608$2,004,617$20,197,796

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$29,270,276
Total Expenses per Form 990$20,197,796
Expenses per Audited Statements$20,183,452
Expenses Not Reported on Form 990$9,086,824
Expenses Not Reported on Financial Statements$14,344
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$423,312
Fundraising Direct Expenses$191,796
Fundraising Gross Income$191,796

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dc Gala$323,311$191,796$67,845$123,951
Total Events$323,311$191,796$191,796-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Management prepares the annual tax form 990. Form 990 with supporting documentation is provided to a professional cpa firm with experience and expertise in not-for-profit tax return preparation. Once form 990 is reviewed by the cpa firm, management reviews the form, which is then presented to and reviewed by the audit committee of the organization. Following their review, form 990 is made available to each voting member of the organization's governing body (the board of trustees) prior to filing with the irs. The organization's board of trustees has delegated to its audit committee the responsibility to oversee, review, and approve the federal form 990, including the preparation, review and filing process.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The organization regularly monitors and enforces compliance with its conflict of interest policy. Annually, all members of the board of trustees, officers, and senior management personnel are required to review the existing conflict of interest policy and complete a questionnaire to ensure compliance with the policy. The completed questionnaires are returned to the president's/ceo's office. Any potential conflicts are reviewed and resolved. Failure to comply with the organization's conflict of interest policy could lead to termination.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

SEE ATTACHMENT 6

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

SEE ATTACHMENT 6

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Learning ally, inc. Makes its form 990 and audited financial statements available on its website, www.learningally.org. The organization's governing documents and conflict of interest statement are available upon request and at management's discretion.

Filing and Contact Details

Filer

Filer Name
Learning Ally Inc
EIN
13-1659345
Phone
6092437603
Address
20 Roszel Road, Princeton, NJ 08540

Signing Officer

Name
Andrew Friedman
Title
President & CEO
Signed
2016-02-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Friedman
Formed
1948
Legal Domicile
Nj
Voting Board Members
14
Independent Board Members
14
Employees
197
Volunteers
2,200

Preparer

Firm
EisnerAmper LLP
Address
111 Wood Ave South-STE 600, Iselin, NJ 08830-2700
Preparer
Michael D Somer
Phone
7322437000
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

Changes in Split Interest Agreements = $47357

Supplemental Information to Form 990

For additional information see attachment

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

Learning ally, inc. 's endowment fund consists of approximately 40 individual donor-restricted funds established for the purpose of supporting the organization's mission-related programs. The endowment's principal is intended to be left untouched, while its income will be used to fund general operations, various programs, scholarships, and other program-related endeavors.

Part X : FIN48 Footnote

The organization adopted the provisions of fasb interpretation no. 48 fin 48 accounting for uncertainties in income taxes an interpretation of fasb statement no.109, now incorporated in accounting standards codification asc 740. The internal revenue service (the irs) has recognized learning ally as tax-exempt under section 501(c)(3) of the internal revenue code. Management has analyzed the tax positions taken by the organization and has concluded that as of june 30, 2015 and 2014, there are no uncertain tax positions taken or expected to be taken that would require the recognition of a liability or disclosure in the financial statements. The organization recognizes accrued interest and penalties associated with uncertain tax provisions, if any. There were no income tax-related interest and penalties recorded for the years ended june 30, 2015 and 2014.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Changes in Split Interest Agreements $47357

Part XII, Line 2D: Other expenses and losses per audited F/S

Cost of Goods Sold $712 Fundraising Events $191796

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IRS990/Form990PartVIISectionAGrp/PersonNm8Sally E Shaywitz MD
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IRS990/Form990PartVIISectionAGrp/PersonNm17Tim Wilson
IRS990/Form990PartVIISectionAGrp/PersonNm18James Halliday
IRS990/Form990PartVIISectionAGrp/PersonNm19Cynthia Hamburger
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt16President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt17CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt18Executive Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt19COO/CIO
IRS990/Form990PartVIISectionAGrp/TitleTxt20Executive Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt21VP Education Solutions
IRS990/Form990PartVIISectionAGrp/TitleTxt22Vice President Marketing
IRS990/Form990PartVIISectionAGrp/TitleTxt23VP Digital Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt24VP New Product Development
IRS990/Form990PartVIISectionAGrp/TitleTxt25VP Human Resources
IRS990/Form990PartVIISectionAGrp/TitleTxt26Leader, Member Suc
IRS990/Form990PartVIISectionAGrp/TitleTxt27Sr Off Access Info
IRS990/Form990PartVIISectionAGrp/TitleTxt28AVP Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt29Dir Major Gifts
IRS990/Form990PartVIISectionAGrp/TitleTxt30Process & Redesign

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$44.0$10.5$33.5$29.4$24.0$5.37
2024Detailed filing. Detailed filing data is available for this year.$40.7$14.7$26.1$31.0$29.2$1.74
2023Detailed filing. Detailed filing data is available for this year.$37.9$14.8$23.1$30.6$33.0$2.45
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.6$12.8$25.7$31.4$27.8$3.60
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.9$9.54$29.3$24.1$23.6$0.41
2020Detailed filing. Detailed filing data is available for this year.$32.0$9.37$22.6$17.2$20.7$3.44
2019Detailed filing. Detailed filing data is available for this year.$31.0$6.11$24.9$18.4$19.5$1.09
2018Detailed filing. Detailed filing data is available for this year.$31.3$4.73$26.6$17.3$17.3$0.02
2017Detailed filing. Detailed filing data is available for this year.$31.4$3.64$27.7$14.2$16.3$2.07
2016Detailed filing. Detailed filing data is available for this year.$31.6$3.55$28.0$18.1$17.1$0.98
2015Detailed filing. Detailed filing data is available for this year.$31.5$3.14$28.3$16.3$20.2$3.91
2014Detailed filing. Detailed filing data is available for this year.$37.3$3.48$33.8$19.7$21.8$2.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.0$4.79$35.2$17.4$23.5$6.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.5$5.52$40.0$25.8
2011Summary only. Only limited summary data is available for this year.$55.4$6.36$49.1$33.2$28.5$4.67
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$50.3$6.27$44.0$50.4