DIGILEARN DIGITAL LEARNING INSTITUTE

EIN: 462075782 501(c)(3) Education

RALEIGH, NC

Total Revenue
$1,574
Total Expenses
$73,070
Total Assets
$6,480
Net Assets
$6,480
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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
2014
Legal Domicile
NC
Principal Officer
MYRA BEST
Phone
8883600501
Tax Period
2024-01-01 to 2024-12-31

DIGILEARN DIGITAL LEARNING INSTITUTE, founded in 2014, is a micro nonprofit in the Education sector that reported $2K in total revenue in fiscal year 2024. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $73K exceeded revenue, resulting in a 4542% operating deficit.

Mission

TO INCREASE PERSONAL LEARNING OPTIONS FOR STUDENTS AND TO EXPAND INSTRUCTIONAL AND PROFESSIONAL LEARNING OPPORTUNITIES FOR TEACHERS AND EDUCATORS.

Program Service Accomplishments

Program 1
Expenses: $59,803

CONTINUED PROGRAM WORK IN ADVANCING PERSONALIZED LEARNING OPPORTUNITIES FOR ALL LEARNERS BY RAISING FUNDS FOR THE DIGITAL SCHOLARS AND THE MICRO-CREDENTIAL PROGRAMS. THESE PROGRAMS PROVIDE...

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CONTINUED PROGRAM WORK IN ADVANCING PERSONALIZED LEARNING OPPORTUNITIES FOR ALL LEARNERS BY RAISING FUNDS FOR THE DIGITAL SCHOLARS AND THE MICRO-CREDENTIAL PROGRAMS. THESE PROGRAMS PROVIDE PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR TEACHER LEADERS TO IMPROVE THEIR ABILITY TO DELIVER PERSONALIZED LEARNING AND TO COACH OTHER TEACHERS TO DO SO.

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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 $1,224
Program Service Revenue $0
Investment Income $0
Other Revenue $350
TOTAL REVENUE $1,574

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,768
Fundraising Expenses $2,820
Program Expenses $59,803
Other Expenses $70,302
TOTAL EXPENSES $73,070

Year-over-Year Comparison

2024 2023 Change
Revenue $1,574 $125,000 -1.0%
Expenses $73,070 $126,589 -0.4%
Net Income $-71,496 $-1,589 +44.0%
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
13
Independent Members
13
Employees
1
Volunteers
13

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
5
$2,560
Total Directors
13
$2,560
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MYRA BEST EXECUTIVE DIRECTOR 32.00
Officer Director
$2,560 $0 $2,560
JOHN WILSON SECRETARY 1.00
Officer Director
$0 $0 $0
JANE SMITH PATTERSON TREASURER 1.00
Officer Director
$0 $0 $0
JIM GERINGER VICE CHAIR 1.00
Officer Director
$0 $0 $0
BEV PERDUE CHAIR 1.00
Officer Director
$0 $0 $0
BOB WISE DIRECTOR 1.00
Director
$0 $0 $0
KEVIN HOWELL DIRECTOR 1.00
Director
$0 $0 $0
TOM VANDER ARK DIRECTOR 1.00
Director
$0 $0 $0
TOM MILLER DIRECTOR 1.00
Director
$0 $0 $0
RICK STOUT DIRECTOR 1.00
Director
$0 $0 $0
TERRY HOLLIDAY DIRECTOR 1.00
Director
$0 $0 $0
HOWARD STEPHENSON DIRECTOR 1.00
Director
$0 $0 $0
CRAIG HORN DIRECTOR 1.00
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 $1,574 $73,070 $6,480 $-71,496
2023 $125,000 $126,589 $77,976 $-1,589
2022 $70,832 $242,754 $79,710 $-171,922
2021 $378,994 $199,403 $272,467 $179,591
2020 $100,000 $252,055 $95,490 $-152,055
2019 $200,000 $217,751 $224,716 $-17,751
2018 $12,000 $246,395 $242,064 $-234,395
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