Civic Intelligence

Live IT Learn IT

990 • Fiscal year 2021 • EIN 35-2247059

Sep 01, 2020 to Aug 31, 2021 • Filed on Jul 14, 2022

735 8th Street SE STE 300Washington, DC 20003

(202) 546-6223

Siviq Scores

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

Liabilities / Assets

61st percentile

0.07x

Higher debt load relative to assets than 61% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

60th percentile

0.07x

Higher debt load relative to revenue than 60% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

31st percentile

1.4%

Higher net margin than 31% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

94th percentile

$153,516

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 16.9% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

11th percentile

-10%

Faster asset growth than 11% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

52nd percentile

15%

Faster revenue growth than 52% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Down

$917,511

Down $102,427 (-10%) from 2020

Net Assets

Up

$854,405

Up $12,622 (+1.5%) from 2020

Liabilities

Down

$63,106

Down $115,049 (-65%) from 2020

Revenue

Up

$910,736

Up $118,761 (+15%) from 2020

Expenses

Down

$898,114

Down $27,860 (-3.0%) from 2020

Net Income

Up

$12,622

Up $146,621 (+109%) from 2020

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2020: $1,019,938Liabilities 2020: $178,155Net Assets 2020: $841,7832020Assets 2021: $917,511Liabilities 2021: $63,106Net Assets 2021: $854,4052021Assets 2022: $1,225,895Liabilities 2022: $294,403Net Assets 2022: $931,4922022Assets 2023: $908,077Liabilities 2023: $179,075Net Assets 2023: $729,0022023Assets 2024: $612,515Liabilities 2024: $104,994Net Assets 2024: $507,5212024

Highlighted filing

2021

Assets$917,511
Liabilities$63,106
Net Assets$854,405

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2020: $791,975Expenses 2020: $925,974Net Income 2020: -$133,9992020Revenue 2021: $910,736Expenses 2021: $898,114Net Income 2021: $12,6222021Revenue 2022: $840,977Expenses 2022: $763,890Net Income 2022: $77,0872022Revenue 2023: $770,671Expenses 2023: $973,161Net Income 2023: -$202,4902023Revenue 2024: $776,829Expenses 2024: $998,310Net Income 2024: -$221,4812024

Highlighted filing

2021

Revenue$910,736
Expenses$898,114
Net Income$12,622
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Jul 14, 2022
Return Version
2020v4.1
Gross Receipts
$910,736
Mission and Program Overview

Mission

Live It Learn It partners with Title I schools and cultural institutions in Washington DC to provide the citys most underserved, primarily black and brown, students with interactive, experiential learning opportunities that increase their confidence, (see Sch O)

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$408,116$589,840▲ $181,724
Investments in Publicly Traded Securities$216,586--
Savings and Temporary Cash Investments$163,949$163,965▲ $16
Pledges and Grants Receivable$213,775$152,934▼ $60,841
Prepaid Expenses and Deferred Charges$13,179$6,439▼ $6,740
Total Assets$1,019,938$917,511▼ $102,427
Other Assets Total$4,333$4,333→ $0
Liabilities
Accounts Payable and Accrued Expenses$9,867$52,919▲ $43,052
Deferred Revenue$53,866$6,862▼ $47,004
Other Liabilities$114,422$3,325▼ $111,097
Total Liabilities$178,155$63,106▼ $115,049
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$677,469$745,152▲ $67,683
Net Assets With Donor Restrictions$164,314$109,253▼ $55,061
Total Net Assets Fund Balance$841,783$854,405▲ $12,622
Total Liabilities and Net Assets / Fund Balance$1,019,938$917,511▼ $102,427

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$4,333--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michelle N EdwardsExecutive DirectorFT$111,788$41,728$153,516

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$809,536
Program Service Revenue
$70,320
Investment Income
$0
Other Revenue
$30,880
All Other Contributions
$519,175
Change in Net Assets
$12,622

Audited Revenue Reconciliation

Revenue per Audited Statements
$910,736
Total Revenue per Audited Statements
$910,736
Total Revenue per Form 990
$910,736
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$693,804
Other Expenses$204,310
Total Fundraising Expense$130,058
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$278,994$65,923$54,746$399,663
Current Officers, Directors, Trustees, and Key Employees$88,507$20,913$17,367$126,787
Other Employee Benefits$75,899$17,934$14,893$108,726
Occupancy$71,857$7,629$9,171$88,657
Payroll Taxes$32,268$7,625$6,332$46,225
Fees for Services Accounting-$39,383-$39,383
Fees for Services Other$21,890$2,963$9,302$34,155
Advertising--$14,767$14,767
Pension Plan Contributions$8,658$2,046$1,699$12,403
Other Expenses$8,853$413$974$8,853
Insurance-$8,013-$8,013
Information Technology$4,525$604$807$5,936
Office Expenses$1,888$237-$2,125
Travel$390--$390
Total Functional Expenses$594,373$173,683$130,058$898,114

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$898,114
Total Expenses per Audited Statements$898,114
Total Expenses per Form 990$898,114
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$3,325
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
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 governing body review Part VI line 11

The review process included the Boards Finance and Oversight Committee (1) reviewing the draft 990, (2) providing comments to the Excutive Director and the Organizations auditor/ accountant, (3) approving the final draft, and (4) the Board Chair offering the reviewed and approved draft to the whole Board for approval by a vote.

Conflict of interest policy compliance Part VI line 12C

Staff are under a continuing obligation to disclose any actual or potential conflict of interest as soon as it is known, or reasonably should be known.Staff are required to complete an annual conflict of interest disclosure and submit it to the Chair of the board. An additional disclosure statement shall be filed at such time as an actual or potential conflict arises.

CEO executive director top management comp Part VI line 15A

Members of the board confer and agree on compensation for the Executive Director.

Governing documents etc available to public Part VI line 19

Live It Learn Its governing documents, conflict of interest policy, and financial statements are available to the public upon request at the organizations office.

Filing and Contact Details

Filer

Filer Name
Live It Learn It
EIN
35-2247059
Address
735 8th Street SE STE 300, Washington, DC 20003

Signing Officer

Name
Michelle N Edwards
Title
Executive Direc
Phone
2025466223
Signed
2022-07-14
Discuss with paid preparer
Yes

Organization Details

Formed
2005
Legal Domicile
Dc
Voting Board Members
14
Independent Board Members
14
Employees
11
Volunteers
14

Preparer

Firm
Mullins PC
Address
7625 Wisconsin Avenue, Bethesda, MD 20814
Preparer
John Mullins
Phone
2027706371
Supplemental Narrative

Additional Explanations

General explanation attachment

Mission Statement Continuation:harness their intrinsic motivation, and drive their academic achievements. Partnerships with Title I schools: We offer our exceptional programs to students who need them the most those in high-poverty schools that often lack the resources to provide experiential learning opportunities.Rigorous three-part learning model: Each Live It Learn It experience consists of a pedagogically sound learning loop extensive preparation, intensive experience, and guided reflection to ensure that students get the most out of every program. Engaging curricular materials: For each of our twenty-five programs, our staff has developed rich, detailed curricular materials that are interdisciplinary, age-appropriate, and aligned with Common Core standards.Transformative effect on teachers: Partner teachers see firsthand the powerful effect that our experiential learning programs have on their students, and are often inspired to incorporate more active learning into their daily lessons.Emphasis on rigor and engagement: We understand that children learn best when they are highly motivated, so our programs are designed to challenge students while inspiring joy and excitement.

Financial Statement Notes

Footnote for uncertain tax position under FIN 48 (Part X)

Live It Learn It follows the Financial Accounting Standards Board Accounting Standards Codification, which provides guidance on accounting for uncertainty in income taxes recognized in Live It Learn Its financial statements, if any. As of yearend, Live It Learn It had no unrecognized tax benefits related to uncertain tax positions in its information return that would qualify for either recognition or disclosure in its financial statements. Live It Learn Its policy would be to recognize interest and penalties on tax positions related to its unrecognized tax benefits in income tax expense in the financial statements. Through yearend, there have been no matters that would have resulted in an accrual for interest and/or penalties.

Raw XML AppendixShowing 400 of 499 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0Live It Learn It partners with Title I schools and cultural institutions in Washington DC to provide the citys most underserved, primarily black and brown, students with interactive, experiential learning opportunities that increase their confidence, (see Sch O)
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Live It Learn It follows the Financial Accounting Standards Board Accounting Standards Codification, which provides guidance on accounting for uncertainty in income taxes recognized in Live It Learn Its financial statements, if any. As of yearend, Live It Learn It had no unrecognized tax benefits related to uncertain tax positions in its information return that would qualify for either recognition or disclosure in its financial statements. Live It Learn Its policy would be to recognize interest and penalties on tax positions related to its unrecognized tax benefits in income tax expense in the financial statements. Through yearend, there have been no matters that would have resulted in an accrual for interest and/or penalties.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Footnote for uncertain tax position under FIN 48 (Part X)
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