Learn More Center Inc
Nonprofit profile at a glance
- EIN
- 264153548
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Location
- North Manchester, IN, USA
- Phone
- 2603301461
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $708,934
- Expenses
- $394,833
- Assets
- $468,890
- Liabilities
- $4,293
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- Karen Bechtold (Vice President)
- Tenille Zartman (President)
Highest reported compensation
- Cynthia Johnson (Director of Education): $58,011 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Learn More Center Inc.'s mission is to provide educational services and a learning community to meet the instructional needs of adult learners related to workforce readiness, adult basic education and literacy.
What it reported doing in 2024
Adult basic education program dedicated to the needs of adult learners. Program areas include basic literacy instruction, English Language Learning classes, instruction for high school equivalency attainment, workforce readiness skills, and transition into post-secondary education. In 2024, we continued to advance our program and curriculum. We added Peer Recovery Coach and Entrepreneurship Certification and did the groundwork for adding NCCER Core Construction certification in 2025. We had 35 students graduate in 2024, as well as 100 students advance their skills. We have been blessed with strong donor support and inspiring student success continues. We are actively working on more rigorous curriculum and partnerships for high quality career certifications. Our most exciting development was the signing of a long-term lease for almost 10,000 square feet of classroom, lab, tutoring, conference, and office space to meet the demand for more hours and adult learning spaces. The new space is set to open summer of 2025. This space will allow for a lifelong learning hub for adult learners-the only one in our county.
Operating model
- Revenue model
- Donor-supported. 65% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% 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 most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 50
- Transparency & Controls: 92
- Accountability: 80
- Sustainability: 68
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 38.1%; rating input score 38
- Program expense ratio: 68.4%; rating input score 68
- Fundraising efficiency: $17.34 raised per $1 spent on fundraising; rating input score 55; 55th percentile among comparable filings
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: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 91.7%; rating input score 92; 24th percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 44.3%; rating input score 91; 91st percentile among comparable filings
- Total-asset coverage ratio: 1.19; rating input score 48; 48th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 14.7%; rating input score 24; 24th percentile among comparable filings
Growth
- Program expense growth: 3.4% per year; rating input score 100; 34th percentile among comparable filings
- Revenue growth: 20.5% per year; rating input score 100; 86th percentile among comparable filings
- Asset growth: 35.7% per year; rating input score 100; 93rd percentile among comparable filings
Details
- Where the money goes: 38.1% of revenue deployed · 68.4% of spending went to programs
- Governance: 11 of 12 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $270K in reported program spending
- Leadership: top reported pay $58K · 15 people listed
- Highest-paid contractors: 1 contractor listed · $217K reported
- Consistency: 26 of 26 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 5 filing years from 2020 to 2024
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 38/100.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- Review — Financial Efficiency: Fundraising efficiency scored 55/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
- High — Sustainability: Officer compensation ratio scored 24/100.