Earn to Learn Fl Inc
Nonprofit profile at a glance
- EIN
- 452514055
- IRS 990 coverage
- 2016–2023
- Forms available
- Form 990 2023, Form 990-EZ 2015, Form 990-N 2012
- Location
- Fort Myers, FL, USA
- Phone
- 2397894714
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public Foundations
Reported finances
- Revenue
- $987,376
- Expenses
- $1,492,653
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- BRENDA TATE (CEO)
People named in this filing
- KIMBERLY DYE (DIRECTOR)
- NANCY MEROLLA (TREASURER)
- LORI MONSERRAT (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Earn to learn fl's mission is to empower income challenged students to successfully complete college, based on matched savings for education, near peer coaching, and personal financial training.
What it reported doing in 2023
Near peer coaching for postsecondary success: etlfl trains and deploys near peer coaches to support income challenged students in the areas of postsecondary access, personal finance training, and career planning. Near peer coaches support student preparation and success strategies to successfully pursue their higher education. Etlfl recruits, trains, and deploys near peer success coaches (americorps members) to provide near-peer interventions to disadvantaged high school students and first-generation college students. By the end of each program year (august 1 - july 31), the near peer success coaches are responsible for providing individual higher education advisory interventions to students to successfully complete 1) personal finance training, 2) career plan development, 3) college and majors list development, 4) postsecondary application strategy, and 5) scholarship and financial aid strategy. The near peer success coaches also leverage career guidance counselors engaged in implementing college and career fairs, conducting group workshops, and facilitating college visits to a broader population of students at each partner service site. Each year, opportunities to earn etlfl matched savings for education scholarships are offered to high school seniors with priority given to students who have been near peer success coached. All scholarship recipients are required to complete personal finance training and open a fl 529 savings account prior to their scholarship award and to continue working with a near peer success coach after their scholarship award.
Operating model
- Revenue model
- Donor-supported. 98% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 81% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 94
- Accountability: 82
- Sustainability: 11
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 94.3%; rating input score 94
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -51.2%; rating input score 3; 3rd 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: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 25.8% per year; rating input score 100; 87th percentile among comparable filings
- Revenue growth: 19.4% per year; rating input score 100; 84th percentile among comparable filings
- Asset growth: 16.6% per year; rating input score 100; 75th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 94.3% of spending went to programs
- Governance: 6 of 6 board members independent · 4 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $1.4M in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 5 filing years from 2016 to 2023
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 6 not reported.
- High — Sustainability: Operating margin scored 3/100.
- High — Sustainability: Total-asset coverage ratio scored 0/100.