Nonprofit · EIN 88-0744649
ILEARN FACILITY DEVELOPMENT INC
Tax-exempt · FAIR LAWN, NJ 07410
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,859,539 | $5,056,387 | $803,152 | $36,222,675 | $33,596,499 | $2,626,176 |
| June 30, 2024 | 990 | $3,117,517 | $1,282,719 | $1,834,798 | $36,341,753 | $34,518,729 | $1,823,024 |
| June 30, 2023 | 990 | $864,741 | $876,515 | -$11,774 | $32,864,087 | $32,875,861 | -$11,774 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,752,872
- Program service revenue
- $2,971,898
- Investment income
- $134,769
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,951,879
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $430,715
- Program services (functional)
- $5,003,576
- Management and general (functional)
- $52,811
Balance sheet and other
- Total assets, start of year
- $36,341,753
- Total assets, end of year
- $36,222,675
- Total liabilities, end of year
- $33,596,499
- Net assets, end of year
- $2,626,176
- Land, buildings and equipment
- $32,165,391
- Net assets without donor restrictions
- $2,626,176
- Gross receipts
- $5,859,539
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2022
- State of legal domicile
- NJ
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| NIHAT GUVERCIN | CEO Officer | 1 | $0 | $290,178 | $30,415 |
| AARON KUL | COO Officer | 1 | $0 | $187,076 | $34,666 |
| MUSTAFA COBAN | CFO Officer | 1 | $0 | $195,079 | $21,558 |
| GLENNY ADAMES | VICE PRESIDE Trustee or director, Officer | 1 | $0 | $0 | $0 |
| OZGUR DOGRU | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JOSE MARTINEZ | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PERNO YOUNG | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| NIHAT GUVERCIN | CEO Officer | 1 | $0 | $255,916 | $20,736 |
| MUSTAFA COBAN | CFO Officer | 1 | $0 | $177,766 | $14,575 |
| AARON KUL | COO Officer | 1 | $0 | $164,902 | $23,439 |
| JOSE MARTINEZ | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| GLENNY ADAMES | VICE PRESIDE Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PERNO YOUNG | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| OZGUR DOGRU | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| NIHAT GUVERCIN | CEO Key employee | 1 | $0 | $216,002 | $20,916 |
| YANIVIS HAGE | CHIEF TALENT Highest-paid employee | 1 | $0 | $151,943 | $17,862 |
| AARON KUL | COO Officer | 1 | $0 | $146,559 | $19,919 |
| MUSTAFA COBAN | CFO Officer | 1 | $0 | $145,909 | $13,627 |
| FAHRI ARSLAN | DIR. OF FACI Highest-paid employee | 1 | $0 | $138,759 | $19,353 |
| GURKAN KOSE | CHIEF ACAD. Highest-paid employee | 0 | $0 | $141,030 | $10,390 |
| MARJORIE RENAHAN | CHIEF SPECIA Highest-paid employee | 0 | $0 | $121,012 | $8,613 |
| GLENNY ADAMES | VICE PRESIDE Trustee or director, Officer | 1 | $0 | $0 | $0 |
| OZGUR DOGRU | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JOSE MARTINEZ | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PERNO YOUNG | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 33-00 BROADWAY, FAIR LAWN, NJ 07410-4617
- Principal officer (990 for 2024)
- MUSTAFA COBAN
- Signed the 990
- MUSTAFA COBAN, CFO
- Phone
- (201) 773-9140
- Return prepared by
- GALLEROS ROBINSON
Mission
ILEARN FACILITY DEVELOPMENT, INC. IS A NON-PROFIT ORGANIZATION ORGANIZED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSE OF ILEARN SCHOOLS, INC.
Program accomplishments
- THE ORGANIZATION WAS ESTABLISHED EXCLUSIVELY TO SUPPORT AND ADVANCE THE MISSION AND VISION OF ILEARN SCHOOLS, INC. ITS PRIMARY PURPOSE IS TO ACQUIRE, DEVELOP, RENOVATE, AND MANAGE EDUCATIONAL FACILITIES USED BY ILEARN SCHOOLS, INC. AND THE CHARTER SCHOOLS IT MANAGES. IN FISCAL YEAR 2023, THE ORGANIZATION PURCHASED A REAL ESTATE PROPERTY TO PROVIDE A FACILITY FOR LEASE TO ONE OF ILEARN SCHOOLS, INC.'S CHARTER MANAGEMENT CLIENTS. RENOVATIONS TO THE PROPERTY WERE COMPLETED IN FISCAL YEAR 2025. THE ORGANIZATION ALSO PROVIDED GENERAL FUNDING SUPPORT TO ILEARN SCHOOLS, INC. DURING THE FISCAL YEAR 2025.Expenses $5,003,576 · grants $1,951,879 · revenue $2,971,898
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 88-0744649
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type II
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2022
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $36,222,675
- Income (IRS master file)
- $5,859,539
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,859,539 | $5,056,387 | $36,222,675 | IRS |
| 990 | June 2024 | $3,117,517 | $1,282,719 | $36,341,753 | IRS |
| 990 | June 2023 | $864,741 | $876,515 | $32,864,087 | XML |
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 88-0744649).
Questions about ILEARN FACILITY DEVELOPMENT INC
- What is the EIN of ILEARN FACILITY DEVELOPMENT INC?
- The employer identification number (EIN) of ILEARN FACILITY DEVELOPMENT INC is 88-0744649.
- Is ILEARN FACILITY DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to ILEARN FACILITY DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does ILEARN FACILITY DEVELOPMENT 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 ILEARN FACILITY DEVELOPMENT INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ILEARN FACILITY DEVELOPMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ILEARN FACILITY DEVELOPMENT INC?
- The 990 for the year ended June 30, 2025 names MUSTAFA COBAN.
- Who are the officers and directors of ILEARN FACILITY DEVELOPMENT INC?
- The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does ILEARN FACILITY DEVELOPMENT INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,859,539, expenses of $5,056,387 and total assets of $36,222,675 at year end.
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