Lovelearnsuccess
Nonprofit profile at a glance
- EIN
- 462478873
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Vallejo, CA, USA
- Phone
- 8008193110
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $4,963,133
- Expenses
- $4,486,339
- Assets
- $2,676,573
- Liabilities
- $59,718
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Oanh Ngo (Chief Executive Director/P)
Highest reported compensation
- Oanh Ngo (Chief Executive Director/P): $168,333 total reported compensation
- David Becerra (Chief Financial Officer): $168,333 total reported compensation
- Luisa Lopez Serrano (Secretary): $2,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
LLS contracts with schools to provide after school and summer child care programs for elementary school children. LLS's programs are designed to encourage safe, nurturing and educationally enriching alternatives for students in the after school hours. LLS Programs are closely aligned with the core values, academic goals and high quality standards of the regular day school program. This is accomplished through collaboration with the school principal, teachers, staff, faculty and parents in order to better align curriculum and standards to meet school wide expectations. The variety of academic, enrichment, and recreation classes give students opportunities to enhance vital reading and math abilities, develop critical thinking and life skills, and discover interests and talents that motivate and inspire a lifelong love for learning. They also allow students to partake in activities focusing on fine arts, music and physical fitness.
What it reported doing in 2024
LLS provides after school and summer child care programs for elementary school children in multiple locatios in the bay area. The program includes a variety of academic, enrichment, and recreation classes and gives students opportunities to enhance vital reading and math abilities, develop critical thinking and life skills. Many activities focus on fine arts, music and physical fitness.
Operating model
- Revenue model
- Earned-program. 100% 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 - 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 total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 77
- Accountability: 53
- Sustainability: 49
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 72.6%; rating input score 73
- Program expense ratio: 80.3%; rating input score 80
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 66.7%; rating input score 67; 11th percentile among comparable filings
- Governance controls: 3 of 9 controls in place; rating input score 33
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 9.6%; rating input score 62; 62nd percentile among comparable filings
- Total-asset coverage ratio: 0.6; rating input score 21; 21st percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 79; 79th percentile among comparable filings
- Officer compensation ratio: 7.7%; rating input score 38; 38th percentile among comparable filings
Growth
- Program expense growth: 16.3% per year; rating input score 100; 80th percentile among comparable filings
- Revenue growth: 17.6% per year; rating input score 100; 86th percentile among comparable filings
- Asset growth: 29.4% per year; rating input score 100; 93rd percentile among comparable filings
Details
- Where the money goes: 72.6% of revenue deployed · 80.3% of spending went to programs
- Governance: 4 of 6 board members independent · 3 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $3.6M in reported program spending
- Leadership: top reported pay $168K · 6 people listed · 3 of 6 pay-setting controls reported
- Consistency: 23 of 23 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- 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 — Accountability: Governance controls: 5 of 8 not reported.
- High — Sustainability: Total-asset coverage ratio scored 21/100.
- Moderate — Sustainability: Officer compensation ratio scored 38/100.