Nonprofit · EIN 84-3436651
LEARNING ECONOMY INC
Tax-exempt · LEBANON, TN 37087
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,862,518 | $1,325,295 | $3,537,223 | $4,600,454 | $624,775 | $3,975,679 |
| December 31, 2023 | 990 | $813,466 | $1,351,444 | -$537,978 | $463,676 | $562,892 | -$99,216 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,778,750
- Program service revenue
- $50,010
- Investment income
- $33,758
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $56,100
- Other salaries and wages
- $369,600
- Salaries, compensation and benefits (total)
- $463,482
- Professional fundraising fees
- $0
- Travel
- $70,000
- Depreciation
- $119,447
- Program services (functional)
- $953,098
- Management and general (functional)
- $372,197
Balance sheet and other
- Total assets, start of year
- $463,676
- Total assets, end of year
- $4,600,454
- Total liabilities, end of year
- $624,775
- Net assets, end of year
- $3,975,679
- Net assets without donor restrictions
- $2,440,679
- Net assets with donor restrictions
- $1,535,000
- Gross receipts
- $4,862,518
- Employees
- 7
- Year formed
- 2020
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Chris Purifoy | CEO Trustee or director, Officer | 40 | $56,100 |
| John Goodwin | Chairman Trustee or director, Officer | 2 | $0 |
| Carissa Carter | Director Trustee or director | 1 | $0 |
| Manjula Dissanayake | Director Trustee or director | 1 | $0 |
| Ana Rold | Director Trustee or director | 1 | $0 |
| Jackson Smith | Treasurer Trustee or director, Officer | 2 | $0 |
| Mark Simon | Secretary Trustee or director, Officer | 2 | $0 |
| Judit Arenas | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JACKSON SMITH | TREASURER Trustee or director, Officer | 20 | $54,600 |
| CHRIS PURIFOY | PRESIDENT Trustee or director, Officer | 20 | $54,600 |
| MANJULA DISSANAYAKE | DIRECTOR Trustee or director | 1 | $0 |
| CARISSA CARTER | DIRECTOR Trustee or director | 1 | $0 |
| ANA C ROLD | DIRECTOR Trustee or director | 1 | $0 |
| JOHN GOODWIN | BOARD EXECUTIVE CHAIRMAN Trustee or director, Officer | 5 | $0 |
| MARK SIMON | SECRETARY Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 710 SCARLETT PL, LEBANON, TN 37087-3263
- In care of
- % DAVID PURIFOY
- Mailing address (990-N for 2019)
- 406 lazy creek ln, Nashville TN 37211
- Principal officer (990-N for 2019)
- Chris Purifoy, 1215 1st Street NE Apt 12G, Washington DC 20002
- Signed the 990
- Chris Purifoy, CEO
- Phone
- (479) 629-8672
- Website
- www.learningeconomy.io
- Return prepared by
- Thomason Financial Resources
Mission
To translate edge technologies into transformative learning and economic systems that promote equity, mobility, privacy, and individual agency to radically improve lives throughout the world.
Program accomplishments
- Development of technology - developed a platform to be used by educational entities in helping students access their skills for employment. Currently we are working on systems for the State of CO, TN, and the US Chamber of Commerce. Thousands of people will benefit from this technology.Expenses $953,098
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 84-3436651
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B02)
- Assets (IRS master file)
- $4,600,454
- Income (IRS master file)
- $4,862,518
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,862,518 | $1,325,295 | $4,600,454 | IRS |
| 990 | December 2023 | $813,466 | $1,351,444 | $463,676 | XML |
| 990 | December 2022 | $1,186,090 | $872,518 | $441,852 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2019 Officer: Chris Purifoy | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-3436651).
Questions about LEARNING ECONOMY INC
- What is the EIN of LEARNING ECONOMY INC?
- The employer identification number (EIN) of LEARNING ECONOMY INC is 84-3436651.
- Is LEARNING ECONOMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to LEARNING ECONOMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LEARNING ECONOMY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LEARNING ECONOMY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LEARNING ECONOMY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LEARNING ECONOMY INC?
- The 990-N for 2019 names Chris Purifoy.
- Who are the officers and directors of LEARNING ECONOMY INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $56,100 (Chris Purifoy, CEO).
- How much revenue does LEARNING ECONOMY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,862,518, expenses of $1,325,295 and total assets of $4,600,454 at year end.
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