Shared Learning Time Inc

What it reported doing in 2025

Core: Instructor-led learning time. Shared Learning Time, Inc. provides homeschooling families with the opportunity to outsource some specific coursework while maintaining complete autonomy of their legal homeschool requirements. Shared Learning Time, Inc. offers families a variety of courses to choose from in the context of a learning center. Families may select one or more courses for their child(ren) to attend. The Board of Directors is responsible for hiring the instructor staff. Courses are held on site at the learning center. The percentage of time allocated to this activity is 80 per cent of the day during which classes are held. These activities are funded by parent-paid tuition and fundraising activities. The vast majority of expenditures are allocated to facilitating Instructor-led classes and the necessary insurances and fees required to procure all Instructor and support staff, as well as a meeting location. This is a past, present, and planned activity. This activity furthers the educational and religious nature of Shared Learning Time, Inc. (the exempt purposes). Social Enrichment. Shared Learning Time, Inc. provides homeschooling families the opportunity to engage with other children. Peer to peer participation during classroom activities builds healthy social and collaborative skills, and by blending the variety of ages during both organized and free playtime, children benefit from supervised, multi-aged interaction. Program Instructors facilitate and supervise the social enrichment activities within the program. These activities occur throughout the day. The percentage of time allocated to this activity is 20 per cent of the day during which classes are held. These activities are funded by parent-paid tuition and fundraising activities. Social Enrichment does not require additional expenditures. This is a past, present, and planned activity. This activity furthers the educational and religious nature of Shared Learning Time, Inc. (the exempt purposes). Core classes occurr on Mondays and Wednesdays and include the following options: Math, Science, History, and ELA.

Financial Efficiency

• Mission deployment rate: 42.8%; rating input score 43
• Program expense ratio: 80%; rating input score 80
• Fundraising efficiency: $0.12 raised per $1 spent on fundraising; rating input score 2; 2nd 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: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
• Governance controls: 3 of 7 controls in place; rating input score 43
  • Conflict-of-interest policy: Fail
  • Whistleblower policy: Fail
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 46.5%; rating input score 90; 90th percentile among comparable filings
• Total-asset coverage ratio: 1.11; rating input score 46; 46th percentile among comparable filings
• Liabilities to assets ratio: 0.03; rating input score 50; 50th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 78; 78th percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: 114.6% per year; rating input score 100; 99th percentile among comparable filings
• Asset growth: 137.7% per year; rating input score 100; 99th percentile among comparable filings