Ilearn Schools Inc
Nonprofit profile at a glance
- EIN
- 473603519
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024
- Location
- Fair Lawn, NJ, USA
- Phone
- 2017739140
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Management & Technical Assistance
Reported finances
- Revenue
- $26,410,955
- Expenses
- $21,595,414
- Assets
- $96,315,355
- Liabilities
- $74,453,249
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- NIHAT GUVERCIN (CEO)
- JOSE MARTINEZ (PRESIDENT)
Highest reported compensation
- NIHAT GUVERCIN (CEO): $320,593 total reported compensation
- YANIVIS HAGE (CHIEF PEOPLE): $223,485 total reported compensation
- AARON KUL (COO): $221,743 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Ilearn schools, inc. Is a non-profit charter management organization (cmo) that provides specialized educational and management service including operational and administrative support for schools.
What it reported doing in 2024
Ilearn schools, inc. Is a non-profit charter management organization (cmo) that provides specialized educational and management services including operational and administrative support for schools. During the year ended june 30, 2025, it supported five charter schools (four in New Jersey and one in the bronx, New York city).
Operating model
- Revenue model
- Earned-program. 79% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 83% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Reported officer compensation is a large share of total spending, which may reflect staffing concentration and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 60
- Transparency & Controls: 84
- Accountability: 100
- Sustainability: 65
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 62%; rating input score 62
- Program expense ratio: 76.1%; rating input score 76
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 18.2%; rating input score 80; 80th percentile among comparable filings
- Total-asset coverage ratio: 4.46; rating input score 83; 83rd percentile among comparable filings
- Liabilities to assets ratio: 0.77; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 12%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: 22.2% per year; rating input score 100; 91st percentile among comparable filings
- Revenue growth: 21.3% per year; rating input score 100; 93rd percentile among comparable filings
- Asset growth: 38.3% per year; rating input score 100; 98th percentile among comparable filings
Details
- Where the money goes: 62% of revenue deployed · 76.1% of spending went to programs
- Governance: 4 of 4 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $16.4M in reported program spending
- Leadership: top reported pay $321K · 17 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.9M reported
- Consistency: 34 of 34 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 10 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 14 filed money-flow records
- Related organizations: 2 filed related-organization links
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Officer compensation ratio scored 14/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.