Civic Intelligence

Matchbook Learning Solutions Inc

EIN 45-0820076 • 501(c)3 • Indianapolis, IN

Profile

By 2014, there will be over 19,000 chronically failing K-12 public schools (AKA turnaround schools) concentrated in low-income neighborhoods across our nation. No sustainable and scalable solution turnaround solution provider exists in the marketplace to combat this problem. Matchbook Learning, a 501(c )(3) non-profit school turnaround management organization founded in 2011 blends face-to-face instruction with powerful online teaching and learning procured through third-party content providers to uniquely address the individual learning needs of students in the bottom 5% brick-and-mortar K-12 turnaround public schools.

8211 N Illinois StreetIndianapolis, IN 46260

www.matchbooklearning.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2018

Net Margin

100th percentile

140%

Higher net margin than 100% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

100th percentile

$215,064

Higher top officer pay than 100% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

9th percentile

-99%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2017 to 2018

Assets

Down

$20,371

Down $1,429,359 (-99%) from 2017

Liabilities

Down

$0

Down $421,573 (-100%) from 2017

Net Assets

Down

$20,371

Down $1,007,786 (-98%) from 2017

Revenue

Down

-$722,193

Down $7,713,616 (-110%) from 2017

Expenses

Down

$285,593

Down $7,255,753 (-96%) from 2017

Net Income

Down

-$1,007,786

Down $457,863 (-83%) from 2017

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $313,589Liabilities 2011: $161,508Net Assets 2011: $152,0812011Assets 2012: $976,938Liabilities 2012: $66,362Net Assets 2012: $910,5762012Assets 2013: $680,611Liabilities 2013: $12,117Net Assets 2013: $668,4942013Assets 2014: $1,557,568Liabilities 2014: $306,609Net Assets 2014: $1,250,9592014Assets 2015: $2,291,024Liabilities 2015: $158,179Net Assets 2015: $2,132,8452015Assets 2016: $1,945,824Liabilities 2016: $367,743Net Assets 2016: $1,578,0812016Assets 2017: $1,449,730Liabilities 2017: $421,573Net Assets 2017: $1,028,1572017Assets 2018: $20,371Liabilities 2018: $0Net Assets 2018: $20,3712018

Highlighted filing

2018

Assets$20,371
Liabilities$0
Net Assets$20,371

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $561,186Expenses 2011: $409,105Net Income 2011: $152,0812011Expenses 2012: $1,031,2192012Revenue 2013: $632,084Expenses 2013: $874,165Net Income 2013: -$242,0812013Revenue 2014: $1,791,604Expenses 2014: $1,211,797Net Income 2014: $579,8072014Revenue 2015: $4,816,870Expenses 2015: $3,935,726Net Income 2015: $881,1442015Revenue 2016: $3,321,476Expenses 2016: $3,876,240Net Income 2016: -$554,7642016Revenue 2017: $6,991,423Expenses 2017: $7,541,346Net Income 2017: -$549,9232017Revenue 2018: -$722,193Expenses 2018: $285,593Net Income 2018: -$1,007,7862018

Highlighted filing

2018

Revenue-$722,193
Expenses$285,593
Net Income-$1,007,786

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 11, 2018
Return Version
2017v2.0
Gross Receipts
$5,000
Mission and Program Overview

Mission

By 2014, there will be over 19,000 chronically failing K-12 public schools (AKA turnaround schools) concentrated in low-income neighborhoods across our nation. No sustainable and scalable solution turnaround solution provider exists in the marketplace to combat this problem. Matchbook Learning, a 501(c )(3) non-profit school turnaround management organization founded in 2011 blends face-to-face instruction with powerful online teaching and learning procured through third-party content providers to uniquely address the individual learning needs of students in the bottom 5% brick-and-mortar K-12 turnaround public schools.

Matchbook learning solutions, inc. ("matchbook learning") seeks to turnaround failing public schools by implementing its unique competency-based, blended model of school. As a charter management school turnaround organization, matchbook learning in its charter schools recruits and manages all of the school staff to implement its unique school design that blends the best of face-to-face and virtual instruction.

Program Services

DescriptionGrantsExpenses
MATCHBOOK LEARNING IS A NON-PROFIT CHARTER MANAGEMENT ORGANIZATION THAT MANAGED TWO LOW-PERFORMING PUBLIC CHARTER SCHOOLS IN NEWARK & DETROIT. MATCHBOOK LEARNING SOLUTIONS HAS DESIGNED A PERSONALIZED MODEL OF LEARNING DESIGNED TO TURNAROUND FAILING PUBLIC SCHOOLS SERVING HIGH POVERTY, HIGH NEED STUDENTS ACROSS THE GRADES OF K-12. AS OF 7/1/2017, MATCHBOOK LEARNING SOLUTIONS BEGAN WINDING DOWN OPERATIONS AND EFFECTIVELY CEASED OPERATIONS AS OF OCTOBER, 2018.$100$11,619
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sajan GeorgeBoard Chair & CEOFT$215,064-$215,064
Michael CosakBoard Member-$0--
Karl RectanusBoard Member-$0--
Raymond V PardonBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Matchbook Learning Solutions Inc
EIN
45-0820076
Phone
6786621772
Address
8211 N ILLINOIS STREET, INDIANAPOLIS, IN 46260

Signing Officer

Name
Sajan George
Title
Founder/CEO
Phone
6786621772
Signed
2018-12-11
Discuss with paid preparer
Yes

Preparer

Firm
Easy Office dba Jitasa
Address
1750 W Front Street Suite 200, Boise, ID 83702
Preparer
Mary Soper
Phone
2082874777
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

Description;Amount^OFFICE EXPENSES;1488|TRAVEL AND MEETING AND CONFERENCE EXPENSES;7473|OTHER RELATED EXPENSES;16248^Total;25209^

Form 990-EZ, Part V, Line 34

The board has voted to dissolve matchbook learning solutions in 2018.

Raw XML Appendix197 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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IRS990EZ/PrimaryExemptPurposeTxt0MATCHBOOK LEARNING SOLUTIONS, INC. ("MATCHBOOK LEARNING") SEEKS TO TURNAROUND FAILING PUBLIC SCHOOLS BY IMPLEMENTING ITS UNIQUE COMPETENCY-BASED, BLENDED MODEL OF SCHOOL. AS A CHARTER MANAGEMENT SCHOOL TURNAROUND ORGANIZATION, MATCHBOOK LEARNING IN ITS CHARTER SCHOOLS RECRUITS AND MANAGES ALL OF THE SCHOOL STAFF TO IMPLEMENT ITS UNIQUE SCHOOL DESIGN THAT BLENDS THE BEST OF FACE-TO-FACE AND VIRTUAL INSTRUCTION.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD HAS VOTED TO DISSOLVE MATCHBOOK LEARNING SOLUTIONS IN 2018.
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