Live IT Learn IT

“The Organizations Board of Directors reviews the Organizations financial statements on a quarterly basis. In addition, the Organization has hired an accounting firm to oversee the accounting and financial reporting functions. The review process for Form 990 is as follows: 1) The Organizations Co-Executive Directors collaborate with an accounting firm to draft the 990; 2) The draft is reviewed by the Finance and Oversight Committee of the Board of Directors and subsequently revised, as needed; 3) The final draft of the 990 is sent to the full Board of Directors for comment and then put to a vote to file with the IRS as presented.”

“Staff and Board 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 and Board 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.”

“In January 2024, we paid HRi to conduct a salary band review of all FTE and PTE positions. They use salary.coms CompAnalyst program, which narrows down the industry, region, and business size. They used the role descriptions we provided (FY 23 role descriptions) and compared salaries with a 70% or higher match to those descriptions using these parameters:Industry: Nonprofit, educational support servicesRegion: DCBusiness size: $5 million revenue The $5 million revenue is the smallest category available to this program. LILI is significantly smaller, with an operating budget of just over $1 million. Because of this, we use the midpoint of the provided salary band as our maximum. Best practice is to come within 60%-70% of the high number on the band provided by HRi. Generally, were prioritizing making sure that entry and mid-level positions are within a higher percentage of that, and well work to grow senior positions to at least that level.”

“See 15a”

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

“Mission Statement Continuation:Partnerships with Title I Schools: We offer our exceptional programs to students who attend schools in high-poverty neighborhoods 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 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.”