Collective Shift

What it reported doing in 2018

"lrng" is collective shift's first initiative and is a bold new endeavor to close the equity gap by transforming how young people access and experience learning, and the paths they can take to success. Working together with schools, city leaders, businesses, youth serving & community organizations, libraries and museums, lrng is building an ecosystem of learning that combines in-school, out-of-school, employer-based, and online learning experiences into a seamless network that is open and inviting to all youth. The lrng platform enables young people to access both local and national opportunities from their computer, smartphone, or tablet. Youth pursue their interests with mentors and peers, building new skills and habits wherever they are, whenever they want.our goal is to connect learning opportunities with access to career pathways to ensure that all young people, especially those from underserved communities, have inspiration and guidance to help them explore their interests, develop their passions, master critical 21st century competencies, and prepare for life and work in the modern economy. We focus on career and college readiness to empower the 21st century learner to co-design their own future while providing cities and businesses with a civic-minded and diverse workforce with relevant skills and experiences. In creating a sustainable platform, we strive to ensure training, mentoring, and learning experiences are deeply connected across our cities.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 84.9%; rating input score 85
• Fundraising efficiency: $32.69 raised per $1 spent on fundraising; rating input score 74; 74th percentile among comparable filings

Transparency & Controls

• Consistency checks: 93.8%; rating input score 94; 17th percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: No; rating input score 0
• Related-party transparency: Limited

Accountability

• Independent voting board: 66.7%; rating input score 67; 10th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -54%; rating input score 2; 2nd percentile among comparable filings
• Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
• Liabilities to assets ratio: Limited
• Officer compensation ratio: 15.1%; rating input score 14; 14th percentile among comparable filings

Growth

• Program expense growth: -23.9% per year; rating input score 0; 2nd percentile among comparable filings
• Revenue growth: -45.5% per year; rating input score 0; 0th percentile among comparable filings
• Asset growth: -65.8% per year; rating input score 0; 0th percentile among comparable filings