Civic Intelligence

Matchbook Learning Solutions Inc

990 • Fiscal year 2014 • EIN 45-0820076

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 19, 2015

Organization Profilewww.matchbooklearning.com
4420 Burgess Hill LaneJohns Creek, GA 30022

(678) 662-1772

Siviq Scores

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

Liabilities / Assets

60th percentile

0.20x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

59th percentile

0.17x

Higher debt load relative to revenue than 59% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

86th percentile

32%

Higher net margin than 86% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

89th percentile

$194,654

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 10.9% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

97th percentile

129%

Faster asset growth than 97% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

96th percentile

183%

Faster revenue growth than 96% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$1,557,568

Up $876,957 (+129%) from 2013

Net Assets

Up

$1,250,959

Up $582,465 (+87%) from 2013

Liabilities

Up

$306,609

Up $294,492 (+2430%) from 2013

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin86th percentile

Revenue

Up

$1,791,604

Up $1,159,520 (+183%) from 2013

Expenses

Up

$1,211,797

Up $337,632 (+39%) from 2013

Net Income

Up

$579,807

Up $821,888 (+340%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$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

2014

Assets$1,557,568
Liabilities$306,609
Net Assets$1,250,959
Open 2014 Filing

Operations Trend

Revenue Growth96th percentile

Revenue, expenses, and net income across loaded years, with this 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

2014

Revenue$1,791,604
Expenses$1,211,797
Net Income$579,807
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 19, 2015
Return Version
2014v5.0
Gross Receipts
$1,791,604
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$293,047$781,907▲ $488,860
Accounts Receivable$370,834$765,743▲ $394,909
Land, Buildings, and Equipment, Net$16,730$9,918▼ $6,812
Prepaid Expenses and Deferred Charges$6,848--
Total Assets$687,459$1,557,568▲ $870,109
Liabilities
Mortgage Notes Payable Secured by Investment Property$0$250,000▲ $250,000
Accounts Payable and Accrued Expenses$16,307$56,609▲ $40,302
Other Liabilities-$0-
Total Liabilities$16,307$306,609▲ $290,302
Net Assets / Fund Balance
Unrestricted Net Assets$521,152$1,200,959▲ $679,807
Temporarily Rstr Net Assets$150,000$50,000▼ $100,000
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$671,152$1,250,959▲ $579,807
Total Liabilities and Net Assets / Fund Balance$687,459$1,557,568▲ $870,109

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,918$16,292$26,210
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Sajan GeorgeFounder/Director/CEOFT$194,654$194,654
Sajan GeorgeDirector/Chairman/CEO-$194,654$194,654

Board Members and Trustees

NameTitle
Brendan CullenDirector/Co-chair
Kristina RansickDirector/Co-chair
Randy HaykinDirector
W Edward ScottDirector/CFO
Raymond V PardonDirector/Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$300,000
Program Service Revenue
$974,189
Investment Income
$0
Other Revenue
$517,415
All Other Contributions
$300,000
Change in Net Assets
$579,807

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,175,267
Revenue Not Reported on Financial Statements
$616,337
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$616,337
Total Revenue per Audited Statements
$1,175,267
Total Revenue per Form 990
$1,791,604
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$867,823
Other Expenses$343,974
Total Fundraising Expense$2,601
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$428,655$123,170$0$551,825
Current Officers, Directors, Trustees, and Key Employees$145,991$48,663$0$194,654
Travel$53,513$71,949$2,445$127,907
Office Expenses$19,365$42,455$0$61,820
Payroll Taxes$46,348$10,514$0$56,862
Other Employee Benefits$0$54,451$0$54,451
Advertising$0$43,318$0$43,318
Fees for Services Legal$0$31,587$0$31,587
Fees for Services Accounting$0$20,903$0$20,903
Occupancy$784$16,266$156$17,206
Pension Plan Contributions$0$10,031$0$10,031
Information Technology$3,082$6,114$0$9,196
Insurance$0$9,112$0$9,112
Depreciation Depletion$0$6,575$0$6,575
Fees for Services Other$1,000$2,765$0$3,765
Conferences and Meetings$1,454$1,552$0$3,006
Other Expenses$0$685$0$685
Total Functional Expenses$702,341$506,855$2,601$1,211,797

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,211,797
Total Expenses per Audited Statements$1,211,797
Total Expenses per Form 990$1,211,797
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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, Part VI, Section B, Line 11B

“The CEO and CFO of the organization will review the Form 990 prior to submitting to the IRS.”

Form 990, Part VI, Section B, Line 12C

“To ensure the organization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subject: A) whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining, B) whether partnerships, joint ventures, and arrangements with management organizations confirm to the organization's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction.”

Form 990, Part VI, Section B, Line 15

“The CEO's salary was determined based on comparability data and was approved by the Board and documented in the Board minutes.”

Form 990, Part VI, Section C, Line 19

“Governing documents, policies, and audited financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Matchbook Learning Solutions Inc
EIN
45-0820076
Phone
6786621772
Address
4420 Burgess Hill Lane, Johns Creek, GA 30022

Signing Officer

Name
Sajan George
Title
Founder & CEO
Signed
2015-08-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sajan George
Formed
2011
Legal Domicile
Ga
Voting Board Members
6
Independent Board Members
5
Employees
12
Volunteers
0

Preparer

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

Financial Statement Notes

Schedule D, Part X, Line 2

“The financial statements effects on a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expense in the statement of activities. As of December 31, 2014, MLS had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.”

Schedule D, Part XI, Line 4B

“Gains on Acquisition”

Raw XML AppendixShowing 400 of 495 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt016307
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt056609
IRS990/AccountsReceivableGrp/BOYAmt0370834
IRS990/AccountsReceivableGrp/EOYAmt0765743
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0Matchbook 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.
IRS990/AdvertisingGrp/FundraisingAmt00
IRS990/AdvertisingGrp/ManagementAndGeneralAmt043318
IRS990/AdvertisingGrp/ProgramServicesAmt00
IRS990/AdvertisingGrp/TotalAmt043318
IRS990/AllOtherContributionsAmt0300000
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/PersonNm0Easy Office Inc - dba Jitasa Inc
IRS990/BooksInCareOfDetail/PhoneNum02082874777
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01750 W Front Street Suite 200
IRS990/BooksInCareOfDetail/USAddress/CityNm0Boise
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0ID
IRS990/BooksInCareOfDetail/USAddress/ZIPCd083702
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0293047
IRS990/CashNonInterestBearingGrp/EOYAmt0781907
IRS990/ChangeToOrgDocumentsInd00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt048663
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0145991
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0194654
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/FundraisingAmt00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt01552
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt01454
IRS990/ConferencesMeetingsGrp/TotalAmt03006
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContriRptFundraisingEventAmt00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0300000
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0343974
IRS990/CYOtherRevenueAmt0517415
IRS990/CYProgramServiceRevenueAmt0974189
IRS990/CYRevenuesLessExpensesAmt0579807
IRS990/CYSalariesCompEmpBnftPaidAmt0867823
IRS990/CYTotalExpensesAmt01211797
IRS990/CYTotalFundraisingExpenseAmt02601
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01791604
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/FundraisingAmt00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt06575
IRS990/DepreciationDepletionGrp/ProgramServicesAmt00
IRS990/DepreciationDepletionGrp/TotalAmt06575
IRS990/Desc0Matchbook Learning seeks to effect a school turnaround of failing school by implementing its unique, competency-based blended model of school.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonatedServicesAndUseFcltsAmt00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt012
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0702341
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FederatedCampaignsAmt00
IRS990/FeesForServicesAccountingGrp/FundraisingAmt00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt020903
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt00
IRS990/FeesForServicesAccountingGrp/TotalAmt020903
IRS990/FeesForServicesLegalGrp/FundraisingAmt00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt031587
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt031587
IRS990/FeesForServicesOtherGrp/FundraisingAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt02765
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt01000
IRS990/FeesForServicesOtherGrp/TotalAmt03765
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt050
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0Sajan George
IRS990/Form990PartVIISectionAGrp/PersonNm1Raymond V Pardon
IRS990/Form990PartVIISectionAGrp/PersonNm2W Edward Scott
IRS990/Form990PartVIISectionAGrp/PersonNm3Kristina Ransick
IRS990/Form990PartVIISectionAGrp/PersonNm4Brendan Cullen
IRS990/Form990PartVIISectionAGrp/PersonNm5Randy Haykin
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0194654
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0Founder/Director/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director/Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director/Co-chair
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director/Co-chair
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingAmt00
IRS990/GainOrLossGrp/OtherAmt00
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt00
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01791604
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt00
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt06114
IRS990/InformationTechnologyGrp/ProgramServicesAmt03082
IRS990/InformationTechnologyGrp/TotalAmt09196
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt09112
IRS990/InsuranceGrp/ProgramServicesAmt00
IRS990/InsuranceGrp/TotalAmt09112
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt016292
IRS990/LandBldgEquipBasisNetGrp/BOYAmt016730
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09918
IRS990/LandBldgEquipCostOrOtherBssAmt026210
IRS990/LegalDomicileStateCd0GA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt0517415
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0517415
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0By 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0250000
IRS990/NetAssetsOrFundBalancesBOYAmt0671152
IRS990/NetAssetsOrFundBalancesEOYAmt01250959
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0156
IRS990/OccupancyGrp/ManagementAndGeneralAmt016266
IRS990/OccupancyGrp/ProgramServicesAmt0784
IRS990/OccupancyGrp/TotalAmt017206
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt042455
IRS990/OfficeExpensesGrp/ProgramServicesAmt019365
IRS990/OfficeExpensesGrp/TotalAmt061820
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt054451
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt054451
IRS990/OtherExpensesGrp/Desc0Application and Recruiting Fees
IRS990/OtherExpensesGrp/Desc1Bank Charges and Processing Charges
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06745
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1685
IRS990/OtherExpensesGrp/ProgramServicesAmt02149
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/TotalAmt08894
IRS990/OtherExpensesGrp/TotalAmt1685
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt0517415
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0123170
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0428655
IRS990/OtherSalariesAndWagesGrp/TotalAmt0551825
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010514
IRS990/PayrollTaxesGrp/ProgramServicesAmt046348
IRS990/PayrollTaxesGrp/TotalAmt056862
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt010031
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt010031
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06848
IRS990/PrincipalOfficerNm0Sajan George
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE FEES
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0974189
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0974189
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0277549
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0632084
IRS990/PYRevenuesLessExpensesAmt0-242081
IRS990/PYSalariesCompEmpBnftPaidAmt0596616
IRS990/PYTotalExpensesAmt0874165
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0632084
IRS990/ReconcilationRevenueExpnssAmt0579807
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt02012: Honorariums $52,500 2014: Revenue from Acquisition
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0300000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0995900
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0250000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01545900
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02463658
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0517416
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt052500
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0569916
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01545900
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0300000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0995900
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0250000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01545900
IRS990ScheduleA/TotalSupportAmt02115816
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt09918
IRS990ScheduleD/EquipmentGrp/DepreciationAmt016292
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt026210
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01211797
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0616337
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0616337
IRS990ScheduleD/RevenueSubtotalAmt01175267
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The financial statements effects on a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expense in the statement of activities. As of December 31, 2014, MLS had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Gains on Acquisition
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule D, Part XI, Line 4b
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09918
IRS990ScheduleD/TotalExpensesPerForm990Amt01211797
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt01791604
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01175267
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01211797
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0194654
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Sajan George
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Director/Chairman/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0194654
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The CEO and CFO of the organization will review the Form 990 prior to submitting to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1To ensure the organization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subject: A) whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining, B) whether partnerships, joint ventures, and arrangements with management organizations confirm to the organization's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The CEO's salary was determined based on comparability data and was approved by the Board and documented in the Board minutes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents, policies, and audited financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,557,568
Liabilities
$306,609
Net assets
$1,250,959
Revenue
$1,791,604
Expenses
$1,211,797
Net income
$579,807
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.72$0.29$1.01
2017Summary only. Only limited summary data is available for this year.$1.45$0.42$1.03$6.99$7.54$0.55
2016Summary only. Only limited summary data is available for this year.$1.95$0.37$1.58$3.32$3.88$0.55
2015Detailed filing. Detailed filing data is available for this year.$2.29$0.16$2.13$4.82$3.94$0.88
2014Detailed filing. Detailed filing data is available for this year.$1.56$0.31$1.25$1.79$1.21$0.58
2013Detailed filing. Detailed filing data is available for this year.$0.68$0.01$0.67$0.63$0.87$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.07$0.91$1.03
2011Summary only. Only limited summary data is available for this year.$0.31$0.16$0.15$0.56$0.41$0.15