Innovation Learning Center Inc
Nonprofit profile at a glance
- EIN
- 472748316
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990 2019, Form 990-EZ 2024
- Location
- Westborough, MA, USA
- Phone
- 6179087408
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Management & Technical Assistance
Reported finances
- Revenue
- $187,810
- Expenses
- $213,066
- Assets
- $115,343
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- KATHLEEN MAGRANE (PRESIDENT)
People named in this filing
- KATHLEEN MAGRANE (PRESIDENT)
- KASEY APPLEMAN (DIRECTOR)
- JOANNE SUAREZ (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Innovation learning center supports community-based organizations and their school/business partners to enhance the social, emotional and educational development of children and youth through arts programming, computer science and workforce development initiatives.
What it reported doing in 2024
Innovation learning center inc's (ilc) programs include: creative cares - workforce readiness and community arts program embedded in local housing developments. Integrates the arts with principles of trauma informed care to affect positive change for students experiencing housing insecurity, housing relocation, and/or the loss of or absence of family members due to court involvement/incarceration. During fy2025, there were 210 participants.zero robotics - computer science program in which students and in/formal educators learn to write code to control satellites aboard the international space station. During fy2025, there were 700 participants.chiers - consortium for hispanic and indigenous education on robotics in space (chiers) aims to increase the competence of middle and high school students, teachers and informal educators in computer science and space robotics. During fy2025, there were 120 participants.bridge interns - college and career readiness summer internship program. Bridge program students supported the implementation of the zr program while also completing scientific research project that they then presented to the mit media lab. During fy2025, there were 15 participants.central coders club - actively worked with african community education (ace) to increase the capacity of children, youth and ost educators to understand, engage with and excel in coding and robotics. Ilc increased the confidence of students in coding, computer science and robotics; increased local participation in therobotics tournaments and built excellence, community and competitive teams! During fy2025, there were 45 participants.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 98% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 100
- Sustainability: 28
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.8%; rating input score 89
- Program expense ratio: 78.3%; rating input score 78
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -13.4%; rating input score 12; 12th percentile among comparable filings
- Total-asset coverage ratio: 0.54; rating input score 40; 40th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 26.8%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: 35.8% per year; rating input score 100; 87th percentile among comparable filings
- Revenue growth: 19.6% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: 18.4% per year; rating input score 100; 78th percentile among comparable filings
Details
- Where the money goes: 88.8% of revenue deployed · 78.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $167K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- High — Sustainability: Operating margin scored 12/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
- High — Sustainability: Officer compensation ratio scored 13/100.