LEARNING GATE EDUCATION FOUNDATION INC

EIN: 208783071 501(c)(3) Education

LUTZ, FL

Total Revenue
$86,405
Total Expenses
$216,471
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
FL
Principal Officer
CHRISTINA FAUDEL
Phone
8139484190
Tax Period
2024-01-01 to 2024-12-31

LEARNING GATE EDUCATION FOUNDATION INC, founded in 2007, is a micro nonprofit in the Education sector that reported $86K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $216K exceeded revenue, resulting in a 151% operating deficit.

Mission

THE FOUNDATION IS ORGANIZED FOR THE EXCLUSIVE BENEFIT OF THE LEARNING GATE COMMUNITY SCHOOL, INC. (A CHARTER SCHOOL OPERATING IN LUTZ, FL AS A NON-PROFIT 501(C)3 ORGANIZATION). THE FOUNDATION WILL ORGANIZE AND CONDUCT FUNDRAISING

Program Service Accomplishments

Program 1
Expenses: $215,971 Revenue: $86,405

THE FOUNDATION IS ORGANIZED FOR THE EXCLUSIVE BENEFIT OF THE LEARNING GATE COMMUNITY SCHOOL, INC. (A CHARTER SCHOOL OPERATING IN LUTZ, FL AS A NON-PROFIT 501(C)3 ORGANIZATION.)

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $21,677
Program Service Revenue $0
Investment Income $349
Other Revenue $64,379
TOTAL REVENUE $86,405

Expense Breakdown

Grants Paid $207,656
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $215,971
Other Expenses $8,815
TOTAL EXPENSES $216,471

Year-over-Year Comparison

2024 2023 Change
Revenue $86,405 $157,758 -0.5%
Expenses $216,471 $188,467 +0.1%
Net Income $-130,066 $-30,709 +3.2%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
25

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTINA FAUDEL BOARD CHAIR 0.50
Officer Director
$0 $0 $0
STANLEY KROH VICE CHAIR/TREASURER 0.50
Officer Director
$0 $0 $0
CAROLYN EAGAN SECRETARY 0.50
Officer Director
$0 $0 $0
OSSAMA JUREYDA MEMBER 0.50
Director
$0 $0 $0
BRIAN ERICKSON MEMBER 0.50
Director
$0 $0 $0
STEVEN MCCARTY MEMBER 0.50
Director
$0 $0 $0
EZRA JOHNSON MEMBER 0.50
Director
$0 $0 $0
CHRISTINA PRICE MEMBER 0.50
Director
$0 $0 $0
JESSICA RAJSKI MAMBER 0.50
Director
$0 $0 $0
CHRISTOPHER GARVIN MEMBER 0.50
Director
$0 $0 $0
DENELLE MILLER MEMBER 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $86,405 $216,471 No data $-130,066
2023 $157,758 $188,467 $130,066 $-30,709
2022 $139,965 $79,640 $162,862 $60,325
2021 $169,440 $159,060 $102,536 $10,380
2020 $117,956 $193,710 $92,156 $-75,754
2019 $145,264 $117,704 $167,910 $27,560
2018 $149,959 $158,509 $140,350 $-8,550
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