The Learn Project Inc

Nonprofit profile at a glance

EIN
020635478
IRS 990-EZ coverage
2010–2024
Forms available
Form 990-EZ 2024
Location
Old Lyme, CT, USA
Phone
8604344800
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Student Services, Organizations of Students

Official website

Reported finances

Revenue
$28,073
Expenses
$7,601
Assets
$72,433
Liabilities
$27,196

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

Leadership & pay

9 people listed

People named in this filing

  • KATHERINE ERICSON (THE LEARN PROJECT BOARD CHAIR)
  • ROBERT MITCHELL (LEARN BOARD CHAIR)
  • DALE BERNARDONI (LEARN VICE CHAIR)

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

The mission of the organization is to improve the health, education, and development of young children and the systems providing such services in southern Connecticut.

What it reported doing in 2024

Children first new london (discovery) assists community partners in moving a new london early childhood agenda forward. These community partners meet 12 times a year and work thorugh 4 subcommittees in order to improve life outcomes for young children. Children first groton (discovery) works with community partners to move a groton early childhood agenda forward. These partners meet 10 times per year and work through 4 subcommittees in order to improve life outcomes for small children.

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 - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 54
  • Transparency & Controls: 82
  • Sustainability: 80
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 27.1%; rating input score 27
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 72.9%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 9.53; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0.38; rating input score 10; 10th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -19.5% per year; rating input score 0; 18th percentile among comparable filings
  • Revenue growth: -15.7% per year; rating input score 0; 18th percentile among comparable filings
  • Asset growth: -8% per year; rating input score 0; 19th percentile among comparable filings

Details

  • Where the money goes: 27.1% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $8K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 27/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 10/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.