Prime Factors Learning Lab A NJ Nonprofit Corporation
Nonprofit profile at a glance
- EIN
- 882007038
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Newark, NJ, USA
- Phone
- 9738348781
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $133,545
- Expenses
- $84,266
- Assets
- $149,179
- Liabilities
- $51
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Elliot Ikheloa (Board Member / Executive Director)
People named in this filing
- Elliot Ikheloa (Board Member / Executive Director)
- Emmanuel Larose (Board Member / Director of Operations)
- Glachandra Exil (Board Member)
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
We empower youth and adults in our Greater Newark community through hands-on learning in STEM principles, AI/ML development, and original digital content creation, infused with social-emotional learning. We explore the technology all around us, learning together how things work, how to create, and how to fix what's broken. Our mission is to cultivate curiosity, foster innovation, teach highly-valuable career skills that drive economic development and youth employment, and build the digital literacy and leadership essential for a thriving 21st-century city.
What it reported doing in 2024
As Prime Factors Learning Lab, we empower the youth and adults in our Greater Newark community through hands-on STEM education, thoughtfully integrating social-emotional learning into all our offerings. Our program guides high school students in developing mobile applications using cutting-edge tools like Swift and AI, enabling them to create real-world solutions for community challenges. Recognizing the power of peer mentorship, we train our alumni to become youth teachers, fostering a supportive learning environment and cultivating leadership skills. Furthermore, we equip young people with the skills to craft and share their own stories through podcasting, amplifying their voices and experiences. Through these initiatives, we cultivate technical proficiency, critical thinking, creativity, and leadership, ultimately preparing our students to thrive in a technologically driven future. Our program has successfully introduced 79 students to foundational computer science, resulting in the creation of 17 original apps. We are proud that our alumni are pursuing computer science at prestigious universities and becoming advocates for STEM education within their own schools.
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 87% 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 a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 100
- Sustainability: 73
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 54.9%; rating input score 55
- Program expense ratio: 86.9%; rating input score 87
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: 36.9%; rating input score 88; 88th percentile among comparable filings
- Total-asset coverage ratio: 1.77; rating input score 77; 77th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 52; 52nd percentile among comparable filings
- Officer compensation ratio: 11.7%; rating input score 20; 20th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 54.9% of revenue deployed · 86.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $73K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- 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 — Sustainability: Officer compensation ratio scored 20/100.
- Review — Sustainability: Liabilities to assets ratio scored 52/100.