Living Education Collective

Nonprofit profile at a glance

EIN
882261964
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024, Form 990-N 2022
Location
Ventura, CA, USA
Phone
8054445240
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Education

Reported finances

Revenue
$130,335
Expenses
$114,079
Assets
$55,628
Liabilities
$19,544

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

People named in this filing

  • NADINE GOODWIN (DIRECTOR)
  • SALLY ANDREW (CHAIR)
  • JAIMIE JUDKINS (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-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To unite families and build relationships through weekly academic and enrichment classes to students in k-12th grades during the school year, and to continue to promote learning through field trips, hikes and other gatherings throughout the week.

What it reported doing in 2024

Living education collective provides a weekly program where k-12 students participate in classes with paid instructors, building relationships with one another and expanding their academic knowledge in areas such as the art, science, history and literature. This aspect of our program has accomplished our goal of uniting families and building relationships through weekly academic classes.additionally, our program has united over 50 families in our local area. We continue to build a community environment of support and encouragement that strengthens local families. This accomplishment includes activities such as parent book clubs, parent support groups and parent educational retreats.finally, we have accomplished our goal of promoting further learning through provided field trips, hikes and other gatherings throughout the week. Our program provides a field trip opportunity every month during the academic year. Locations have included the reagan library, griffith observatory, santa barbara natural history museum, riley's farm and many more. Field trip attendance typically ranges from 30-90 students. Hikes, nature outings and natural science exploration have been offered through our nature lore program, which reached max student capacity both semesters this past fiscal year.

Operating model

Revenue model
Earned-program. 72% of the money available for current operations came from fees and other program revenue.
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 revenue has grown recently. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 58
  • Transparency & Controls: 100
  • Sustainability: 44
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 55.3%; rating input score 55
  • Program expense ratio: 63.2%; rating input score 63

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: 12.5%; rating input score 63; 63rd percentile among comparable filings
  • Total-asset coverage ratio: 0.49; rating input score 37; 37th percentile among comparable filings
  • Liabilities to assets ratio: 0.35; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 18.2%; rating input score 17; 17th percentile among comparable filings

Growth

  • Program expense growth: -6.6% per year; rating input score 0; 17th percentile among comparable filings
  • Revenue growth: 4.3% per year; rating input score 100; 44th percentile among comparable filings
  • Asset growth: 63% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 55.3% of revenue deployed · 63.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $72K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 2 filing years from 2023 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.

  • Review — Financial Efficiency: Mission deployment rate scored 55/100.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.
  • High — Sustainability: Officer compensation ratio scored 17/100.