2025-05-13T17:07:19-05:00 2024-06-30 480573184 REGIER CARR & MONROE LLP CPAS 4801 E BROADWAY BLVD SUITE 501 TUCSON AZ 85711 990 2023-07-01 261151754 LIVE THE SOLUTION DBA EARN TO LEARN LIVE 5202607379 6336 N ORACLE ROAD STE 326 106 TUCSON AZ 85704 KATHERINE L HOFFMAN CEO 5202607379 2025-05-13 1 0 SUSAN M VOS CPACFE P01709931 5206248229 2023 2025-03-06 01:10:19Z EARN TO LEARN KELLIE TERHUNE NEELY 6336 N ORACLE ROAD STE 326 106 TUCSON AZ 85704 3506219 0 X EARNTOLEARN.ORG X 2008 AZ OUR MISSION IS EMPOWERING STUDENTS TO ACHIEVE THEIR GOALS AND BE WORKFORCE READY WITH LITTLE TO NO STUDENT DEBT. WE ACCOMPLISH THIS MISSION THROUGH AN INNOVATIVE, FOUR-PILLAR APPROACH TO FINANCIAL PREPARATION INCLUDING:- MATCHED SAVINGS SCHOLARSHIPS: STUDENT SAVINGS ARE MATCHED 8:1 THROUGH A PUBLIC-PRIVATE FUNDING MODEL PROVIDING UP TO $4,500 IN FUNDING PER ACADEMIC YEAR.- SUCCESS COACHING & ADVISING: ASSIST IN COMPLETING APPLICATIONS FOR ADMISSIONS AND FINANCIAL AID, TROUBLESHOOTING OBSTACLES, AND NAVIGATING UNIVERSITY SERVICES.- FINANCIAL EDUCATION: PERSONAL FINANCE TRAINING INTRODUCES STUDENTS TO BEST PRACTICES IN PERSONAL FINANCE, FINANCIAL LITERACY, AND COMMITTING TO A LIFETIME OF SAVING HELPING REDUCE STUDENT LOAN DEBT AND PREPARE FOR A HEALTHY FINANCIAL LIFE. WORKFORCE READINESS STUDENTS DEVELOP THE SKILLS EMPLOYERS SEEK WHEN HIRING, INCLUDING CRITICAL THINKING, PLANNING, LEADERSHIP, AND TEAMWORK. WE ALSO PROVIDE TRAINING SUCH AS RESUME WRITING AND INTERVIEWING. 9 9 113 0 0 0 6157826 3475285 0 0 2139 28792 9162 2142 6169127 3506219 988946 1248172 0 0 1894402 2406108 0 0 336382 616749 610066 3500097 4264346 2669030 -758127 4427813 4244955 738250 1313519 3689563 2931436 X EARN TO LEARN'S MISSION IS "EMPOWERING STUDENTS TO ACHIEVE THEIR GOALS AND BE WORKFORCE READY WITH LITTLE TO NO STUDENT DEBT". 0 0 3631677 1248172 OVERVIEW:A NATIONAL, INNOVATIVE APPROACH TO FINANCIAL AID IS NEEDED TO INCREASE POST-SECONDARY EDUCATIONAL ACCESS AND COMPLETION, ESPECIALLY FOR STUDENTS FROM LOWER SOCIO-ECONOMIC BACKGROUNDS. A REDUCED BORROWING INITIATIVE IS CRITICAL CONSIDERING THE TREMENDOUS GROWTH IN NATIONAL DEBT RELATED TO HIGHER EDUCATION BORROWING.ESTABLISHED IN 2013, EARN TO LEARN OPERATES THE LARGEST AND MOST SUCCESSFUL MATCHED-SAVINGS SCHOLARSHIP PROGRAM IN THE COUNTRY. IT COMBINES STUDENT SAVINGS WITH SCHOLARSHIPS, FINANCIAL EDUCATION AND COLLEGE SUCCESS COACHING TO HELP LOW TO MODERATE INCOME AND UNDERREPRESENTED STUDENTS OBTAIN A COLLEGE EDUCATION AND GRADUATE READY TO ENTER THE WORKFORCE WITH LITTLE OR NO STUDENT LOAN DEBT. STUDENTS AND THEIR FAMILIES WHO INCOME-QUALIFY, DEPOSIT $500 INTO A SAVINGS ACCOUNT EACH YEAR, WHICH IS THEN MATCHED 8:1 THROUGH A PUBLIC PRIVATE FUNDING MODEL WHICH BRINGS THE TOTAL AVAILABLE FUNDS PER STUDENT TO $4,500 PER ACADEMIC YEAR TO FURTHER OFFSET THE COST OF ATTENDANCE AND ADDRESS ANY UNMET NEED.THE HOLISTIC APPROACH IS ALREADY SHOWING PROMISING RESULTS. DATA DEMONSTRATES EARN TO LEARN'S FIRST-YEAR RETENTION RATE APPROACHING 90%. OVER HALF OF EARN TO LEARN STUDENTS ARE FIRST-GENERATION COLLEGE STUDENTS, WHO OFTEN HAVE DIFFICULTY FINANCING COLLEGE WHILE ALSO BALANCING THE CHALLENGES OF DAILY LIFE. EARN TO LEARN CAN BE THE DIFFERENCE BETWEEN DROPPING OUT AND EARNING A DEGREE WHICH MAY ALTER THE COURSE OF THEIR LIVES. STUDENTS ARE SUPPORTED IN GRADUATING FROM COLLEGE AT RATES WELL ABOVE THE NATIONAL AVERAGE, WITH NEARLY HALF OF THESE GRADUATES AVOIDING ANY STUDENT LOAN DEBT. THOSE WHO DO BORROW ARE EXPECTED TO CARRY MUCH LESS DEBT THAN OTHER BORROWERS. EARN TO LEARN CHANGES LIVES AND OPENS THE DOORS OF HIGHER EDUCATION TO THOSE WHO MAY NOT OTHERWISE HAVE CONSIDERED THAT THEY TOO COULD SHARE THE AMERICAN DREAM OF ACHIEVING ADVANCED EDUCATIONAL ATTAINMENT.BACKGROUND:ARIZONA IS THE FIRST STATE IN THE COUNTRY TO IMPLEMENT A PROGRAM LIKE EARN TO LEARN TO SUPPORT STUDENTS WITH MATCHED COLLEGE SAVINGS.EARN TO LEARN IS CURRENTLY PARTNERED IN ARIZONA WITH ARIZONA STATE UNIVERSITY, NORTHERN ARIZONA UNIVERSITY, UNIVERSITY OF ARIZONA, MARICOPA COMMUNITY COLLEGE DISTRICT, PIMA COMMUNITY COLLEGE, CENTRAL ARIZONA COLLEGE, YAVAPAI COMMUNITY COLLEGE, COSHISE COMMUNITY COLLEGE, COCONINO COMMUNITY COLLEGE, AND MOHAVE COMMUNITY COLLEGE.DURING THE LAST SCHOOL YEAR, EARN TO LEARN EXPANDED TO 5 ADDITIONAL STATES, INCLUDING: MICHIGAN, NEVADA, COLORADO, VIRGINIA, AND OKLAHOMA. BETWEEN THE 6 STATES EARN TO LEARN SUPPORTS STUDENTS AT 21 DIFFERENT INSTITUTIONS.EARN TO LEARN IS BASED ON A PUBLIC PRIVATE FUNDING MODEL WITH A 60/40 SPLIT WHICH LAUNCHED IN THE 2019/2020 ACADEMIC YEAR.EARN TO LEARN MAY BE CONSIDERED A SUPPLEMENT TO THE FEDERAL PELL GRANT PROGRAM - HELPING STUDENTS TO FURTHER OFFSET EDUCATIONAL RELATED EXPENSES, EFFECTIVELY PICKING UP WHERE PELL IS FALLING SHORT. THE PURCHASING POWER OF FEDERAL PELL GRANTS HAS FALLEN PRECIPITOUSLY OVER THE YEARS.PROGRAM SUCCESS:EARN TO LEARN HAS A PROVEN TRACK RECORD OF SUCCESS, OPERATING FOR OVER A DECADE IN ARIZONA TO PROVIDE STUDENTS WITH MATCHED-SAVINGS SCHOLARSHIPS AND COMPREHENSIVE SUPPORT SERVICES.OUR PROGRAM CONSISTENTLY OUTPERFORMS NATIONA AVERAGES FOR PELL-ELIGIBLE STUDENTS. FOR INSTANCE, EARN TO LEARN BOASTS A SIX-YEAR GRADUATION RATE OF 80%, COMPARED TO THE NATIONAL AVERAGE OF 62%. ADDIONALLY, THE FIRST-YEAR RETENTION RATE STANDS AT 90%, WELL ABOVE THE NATIONAL AVERAGE OF 77%. THIS SUCCESS HAS NOT GONE UNNOTICED; IT HAS LED TO THE INTRODUCTION OF THE EARN TO LEARN ACT IN CONGRESS, WHICH IF PASSED, COULD PROVIDE A LONG-TERM FUNDING SOLUTION FOR THE PROGRAMSUCCESS METRICS:EARN TO LEARN USES AN ELECTRONIC MANAGEMENT SYSTEM TO TRACK, MONITOR, AND REPORT STUDENT OUTCOMES. THIS CENTRALIZED DATA MANAGEMENT SYSTEM ENABLES US TO MEASURE AND EVALUATE FUNDING SOURCES, MONITOR PARTICIPANT ACTIVITY AND SAVINGS, TRACK SERVICES AND REFERRALS PROVIDED TO PARTICIPANTS, AND IDENTIFY CHARACTERISTICS OF PARTICIPANTS WHO SUCCESSFULLY COMPLETE THE PROGRAM. EARN TO LEARN TRACKS AND MONITORS PARTICPANT DEMOGRAPHIC DATA, NUMBER OF HOURS OF PERSONAL FINANCE TRAINING, RECRUITMENT AND RETENTION RATES, ACADEMIC PERFORMANCE, ENCOUNTERS WITH PROGRAM STAFF, SERVICES/REFERRALS RECEIVED, AND COMPLIANCE WITH PROGRAM REQUIREMENTS. EARN TO LEARN UTILZES NATIONAL STUDENT CLEARINGHOUSE DATA TO VERIFY STUDENT ENROLLMENT, RETENTION AND COMPLETION DATA.EARN TO LEARN MEASURES OUR IMPACT THROUGH SEVERAL KEY METRICS, INCLUDING BUT NOT LIMITED TO: EARN TO LEARN STUDENTS HAVE INVESTED OVER $3.8M IN THEIR EDUCATION AND HAVE EARNED AN ADDITIONAL $31M IN ADDITIONAL GRANT AID THROUGH THE PROGRAM'S 8:1 MATCH.EARN TO LEARN HAS PROVIDED NEARLY 39,000 HOURS OF PERSONAL FINANCE TRAINING TO APPROXIMATELY 6,200 STUDENTS IN ARIZONA. PERSONAL FINANCE TRAINING IS A PREREQUISITE TO APPLY TO THE PROGRAM.EARN TO LEARN'S PROJECTED 6-YEAR GRADUATION RATE APPEARS TO BE APPROACHING 80%. AS A POINT OF COMPARISON, THE NATIONAL 6-YEAR GRADUATION RATE FOR THE PELL ELIGIBLE TARGET POPULATION IS LESS THAN 40% ACCORDING TO REPORTS FROM THE DEPARTMENT OF EDUCATION. STUDENT DEMOGRAPHICS: 63% OF EARN TO LEARN STUDENTS ARE FIRST G ENERATION COLLEGE STUDENTS; 72% PURSUE STEM MAJORS; 84% ARE MINORITY STUDENTS.NATIONAL INTEREST:EARN TO LEARN HAS SUCCESSFULLY EXPANDED ITS PROGRAM INTO VIRGNIA, MICHIGAN, OKLAHOMA, NEVADA, AND COLORADO IN 2024. THE ORGANIZATION HAS ESTABLISHED OFFICIAL PARTNERSHIPS FORMALIZED THROUGH SIGNED MOUS, WITH FOUR EDUCATIONAL INSTITUTIONS IN THESE STATES: WESTERN COLORADO UNIVERSITY, WESTERN GOVERNORS UNIVERSITY, FRONTRANGE COMMUNITY COLLEGE FOUNDATION, AND NEVADA STATE UNIVERSITY.EARN TO LEARN ANTICIPATES THIS MOMENTUM WILL CONTINUE INTO THE NEXT YEAR, WITH PLANS TO EXPAND INTO AT LEAST THREE MORE STATES AND CONTINUE ESTABLISHING NEW EDUCATIONAL PARTNERSHIPS IN THE CURRENTLY PARTNERED STATES BY FALL 2025. THE SUCCESS OF OUR PROGRAM HAS SPARKED INTEREST FROM OVER 25 STATES I REPLICATING THE EARN TO LEARN MODEL, INCLUDING GEORGIA, NORTH CAROLINA, PENNSYLVANIA, AND MANY MORE.THE EARN TO LEARN ACT, FEDERAL LEGISLATION INTRODUCED BY U.S. SENATORS MITT ROMNEY (R-UT) AND KYRSTEN SINEMA (D-AZ) IN APRIL 2021. A BIPARTISAN COMPANION BILL IN THE U.S. HOUSE WAS INTRODUCED BY CONGRESSWOMAN SUSIE LEE (D-NV) AND CONGRESSMAN DAVID SCHWEIKERT (R-AZ) IN JUNE 2021. THE EARN TO LEARN ACT WOULD CREATE A FEDERALLY FUNDED PROGRAM HOUSED IN THE DEPARTMENT OF EDUCATION SUPPORTING APPROXIMATELY 250,000 SCHOLARSHIP OPPORTUNITIES ACROSS THE UNITED STATES"KEY DEFINITION: EARN TO LEARN'S FIRST-YEAR RETENTION RATE - A KEYFIRST YEAR RETENTION RATE: IS THE PERCENTAGE OF AWARDED SAVERS WHO STARTED AT THE EDUCATIONAL INSTITUTION IN ONE ACADEMIC YEAR AND RETURNED TO ENROLL IN COURSES AT THE SAME EDUCATIONAL INSTITUTION IN THE NEXT CONSECUTIVE ACADEMIC YEAR. 3631677 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 113 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X X KATHERINE L HOFFMAN 5202607369 6336 NORTH ORACLE RD SUITE 326 106 TUCSON AZ 85704 ELIZABETH PARSONS DIRECTOR 2.00 X 0 0 0 KARLA MORALES DIRECTOR 2.00 X 0 0 0 MIRANDA YOUSIF DIRECTOR 2.00 X 0 0 0 STEPHANIE COUSER DIRECTOR 2.00 X 0 0 0 SHAREE HURTS DIRECTOR 2.00 X 0 0 0 ARTURO PEREZ CHAIR 2.00 X X 0 0 0 KELLIE TERHUNE NEELY VICE CHAIR 2.00 X X 0 0 0 TERRY NAY TREASURER 2.00 X X 0 0 0 BALU NATARAJAN SECRETARY 2.00 X X 0 0 0 KATHERINE L HOFFMAN CHIEF EXECUTIVE OFFICER 50.00 X 234475 0 15885 234475 0 15885 1 0 1 0 BELAY SOLUTIONS 885 WOODSTOCK ROAD ROSWELL GA 30075 MARKETNIG AND MANAGEMENT SERVICES 140249 1 5000 847959 2622326 3475285 28792 28792 0 5000 0 0 MISCELLANEOUS 901101 2142 2142 2142 3506219 2142 0 28792 1248172 1248172 234417 187932 17042 29443 1908676 1530187 138760 239729 106065 88472 6083 11510 156950 130916 9001 17033 62000 25397 35793 810 208233 190334 6240 11659 14836 12830 1335 671 69862 43989 14829 11044 141336 87860 47185 6291 61248 56136 5112 20315 18287 2028 PROGRAM SUPPLIES 25591 6020 12879 6692 EMPLOYEE RELATED 5145 5145 SUBCONTRACTED SERVICES 1500 1500 4264346 3631677 296287 336382 1450558 2181862 501471 262894 2475784 1800199 4427813 4244955 738250 1313519 738250 1313519 X 956714 88089 2732849 2843347 3689563 2931436 4427813 4244955 -758127 0 X 0 1 X 1 1 1 X 2469391 2450806 3206265 6157827 3475286 17759575 2469391 2450806 3206265 6157827 3475286 17759575 4558680 13200895 1524 72 25615 11301 30934 69446 17829021 0.74040 0.78820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 3506219 0 3506219 0 3506219 4264346 0 4264346 0 4264346 PART X, LINE 2: EARN TO LEARN IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). HOWEVER, NET INCOME FROM ADVERTISING ACTIVITIES NOT DIRECTLY RELATED TO EARN TO LEARNS'S TAX-EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THERE WAS NO INCOME TAX EXPENSE FOR SUCH UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. EARN TO LEARN IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE IRC. EARN TO LEARN'S POLICY IS TO DISCLOSE OR RECOGNIZE INCOME TAX POSITIONS BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE, RESPECTIVELY, THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAX POSITIONS. AS OF JUNE 30, 2023, THERE WERE NO UNCERTAIN TAX POSITIONS THAT ARE POTENTIALLY MATERIAL. IN ADDITION, MANAGEMENT IS NOT AWARE OF ANY MATTERS WHICH WOULD CAUSE EARN TO LEARN TO LOSE ITS TAX-EXEMPT STATUS. 1 MATCHING GRANT SCHOLARSHIPS 667 1248172 990 SCH I, LINE 2 THE ORGANIZATION MAINTAINS LISTS OF ELIGIBLE STUDENTS WHICH ARE SHARED WITH ITS EDUCATIONAL PARTNERS. EARN TO LEARN CONFIRMS ELIGIBILITY BASED ON STUDENT SAVINGS ACCOUNT BALANCES AND COMPLETION OF PROGRAM REQUIREMENTS WHILE THE EDUCATIONAL PARTNER CONFIRMS ELIGIBILITY BASED ON ADMISSION AND FINANCIAL AID REQUIREMENTS. A RECONCILIATION IS PERFORMED AFTER GRANTS ARE MADE TO CONFIRM ALL RECEPIENTS WERE ELIGIBILE. X X X X X 0 0 0 0 0 0 0 0 0 KATHERINE L HOFFMAN CHIEF EXECUTIVE OFFICER 181887 0 52588 0 0 0 0 0 15885 0 250360 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE GOVERNING BODY RECEIVES A COMPLETED 990 FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, EVERY BOARD MEMBER IS ASKED TO SIGN A CONFLICT OF INTEREST POLICY STATEMENT AS WELL AS COMPLETE A FORM WHICH DISCLOSES CERTAIN PERSONAL AND BUSINESS RELATIONSHIPS. PERIODICALLY, BOARD MEMBERS ARE ALSO VERBALLY REMINDED TO DISCLOSE ANY POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR TOP OFFICIALS, INCLUDING THE CHIEF EXECUTIVE OFFICER, IS APPROVED BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS COMPARES COMPENSATION TO COMPARABLE POSITIONS IN THE AREA. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.