Open Learning Exchange Inc

Nonprofit profile at a glance

EIN
260211816
IRS 990-EZ coverage
2012–2024
Forms available
Form 990 2018, Form 990-EZ 2024, Form 990-N 2020
Location
Cambridge, MA, USA
Phone
6174012300
Rating
65
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
International Development

Official website

Reported finances

Revenue
$161,752
Expenses
$159,028
Assets
$412
Liabilities
$3,912

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

Leadership & pay

7 people listed

Executive titles in this filing

  • RICHARD ROWE (PRESIDENT)

People named in this filing

  • SETH WEINBERGER (DIRECTOR)
  • FRANCINE CRYSTAL (DIRECTOR)
  • PAUL M FLOWERMAN (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

Open learning international is committed to removing the barriers to learning so that all of our children enjoy learning that is open, free and meaningful, enabling them to become, in their own ways, productive, life-long learners which is a requirement for a sustainable world.

What it reported doing in 2024

To provide:1. Leadership development: ole helps establish nation-based social benefit organizations (sbos)and build local capacity to ensure that everyone, particularly children and young girls, enjoys their right to a quality basic education that enhances the knowledge and provides the skills they need, to build a happy and productive life. This involves working with sbos to design, develop, fundraise for, implement, and document the effectiveness of educational programs designed to scale nationwide.2. Content development: ole is developing a high quality multi-media basic e-learning library ("bell") for use in schools, community learning centres, and health clinics in the developing world. Its multilingual bell provides learners around the globe with large quantities of content relevant to thier needs and interests.3. Feedback development: ole has developed a robust network for both updating bell on a regular basis and distributing member activity data among locations and a home office, providing near real time feedback. This feedback is used by sbos to continually improve their program offerings, facilitating significant improvements in learning.

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 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. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 45
  • Transparency & Controls: 100
  • Sustainability: 27
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 45.2%; rating input score 45
  • Program expense ratio: 46%; rating input score 46

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: 1.7%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 3; 3rd percentile among comparable filings
  • Liabilities to assets ratio: 9.5; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: -7% per year; rating input score 0; 17th percentile among comparable filings
  • Revenue growth: -2% per year; rating input score 0; 14th percentile among comparable filings
  • Asset growth: 6.2% per year; rating input score 100; 49th percentile among comparable filings

Details

  • Where the money goes: 45.2% of revenue deployed · 46% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $73K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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 45/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 46/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 39/100.
  • High — Sustainability: Total-asset coverage ratio scored 3/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.