OPEN WAY LEARNING

EIN: 833760449 501(c)(3) Education

BRASSTOWN, NC

Total Revenue
$554,064
Total Expenses
$524,533
Total Assets
$74,423
Net Assets
$67,744
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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
2019
Legal Domicile
NC
Principal Officer
BENJAMIN OWENS
Phone
7068788946
Tax Period
2024-01-01 to 2024-12-31

OPEN WAY LEARNING, founded in 2019, is a small nonprofit in the Education sector that reported $554K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $525K left a modest 5% surplus.

Mission

OPEN WAY LEARNING HELPS SCHOOLS DEVELOP A CULTURE OF INNOVATION TO BETTER MEET THE NEEDS OF STUDENTS. IT DOES THIS THROUGH PROFESSIONAL DEVELOPMENT WORKSHOPS AND COACHING WITH TEACHERS AND SCHOOL STAFF FOR SCHOOLS AND DISTRICTS AROUND THE UNITED STATES. IN 2021, OWL PROVIDED THIS SERVICE TO OVER 15 CLIENTS, WITH HUNDREDS OF TEACHERS PARTICIPATING IN OUR WORKSHOPS AND COACHING.

Program Service Accomplishments

Program 1
Expenses: $314,884 Revenue: $457,212

OPEN WAY LEARNING HELPS SCHOOLS DEVELOP A CULTURE OF INNOVATION TO BETTER MEET THE NEEDS OF STUDENTS. IT DOES THIS THROUGH PROFESSIONAL DEVELOPMENT WORKSHOPS AND COACHING WITH TEACHERS AND SCHOOL...

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OPEN WAY LEARNING HELPS SCHOOLS DEVELOP A CULTURE OF INNOVATION TO BETTER MEET THE NEEDS OF STUDENTS. IT DOES THIS THROUGH PROFESSIONAL DEVELOPMENT WORKSHOPS AND COACHING WITH TEACHERS AND SCHOOL STAFF FOR SCHOOLS AND DISTRICTS AROUND THE UNITED STATES.

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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 $96,852
Program Service Revenue $457,212
Investment Income $0
Other Revenue $0
TOTAL REVENUE $554,064

Expense Breakdown

Grants Paid $0
Salaries & Benefits $372,925
Fundraising Expenses $0
Program Expenses $314,884
Other Expenses $151,608
TOTAL EXPENSES $524,533

Year-over-Year Comparison

2024 2023 Change
Revenue $554,064 $414,181 +0.3%
Expenses $524,533 $402,454 +0.3%
Net Income $29,531 $11,727 +1.5%
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
6
Independent Members
6
Employees
5
Volunteers
N/A

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
2
$149,000
Total Directors
7
$149,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BENJAMIN OWENS EXECUTIVE DIRECTOR 40.00
Officer Director
$73,004 $0 $73,004
ADAM HAIGLER COO 40.00
Officer Director
$75,996 $0 $75,996
JOHN HUGHES DIRECTOR 0.00
Director
$0 $0 $0
CONNIE KENNEDY DIRECTOR 0.00
Director
$0 $0 $0
DOMINIQUE STONE DIRECTOR 0.00
Director
$0 $0 $0
NATHAN STRENGE DIRECTOR 0.00
Director
$0 $0 $0
MARY JO DECK DIRECTOR 0.00
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 $554,064 $524,533 $74,423 $29,531
2023 $414,181 $402,454 $38,551 $11,727
2022 $325,574 $334,950 $30,364 $-9,376
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