Program areas at LIT
Lite finalist programthe lite finalist program works with high school students on designing entrepreneurial ideas and learning 21st century skills such as problem solving, organization, goal setting, networking, communication, and financial literacy. Students gather customer feedback, create a brand and logo, and implement their project in the community. The program culminates with a demo day where students pitch their ideas to members of the community.
Lite innovation fellows programlite innovation fellows continues the work of the lite finalist program by providing 1 on 1 coaching, internships, and networking for former finalists until the age of 25. Students are coached on how to launch a business, provided with paid internships at high growth startups and are matched with mentors Through networking events. The goals of the program is to prepare students to launch a scalable business by the age of 25.
Who funds Lets Innovate Through Education (LIT)
Grants from foundations and other nonprofits
Personnel at LIT
| Name | Title | Compensation | Date of data |
|---|
| Lakethia Glenn | Former Executive Director | $75,000 | 2022-05-31 |
| Larissa Gregory | Executive Director | $90,000 | 2023-04-26 |
| Scott Notowich | Board Member | $0 | 2022-07-02 |
| Angelica Narvaez | Secretary / Trustee | $0 | 2021-05-31 |
| Marilynn Urquieta | Past Interim Executive Director | $55,577 | 2020-05-31 |
Financials for LIT
| Revenues | FYE 05/2022 | FYE 05/2021 | % Change |
|---|
| Total grants, contributions, etc. | $427,951 | $592,246 | -27.7% |
| Program services | $0 | $0 | - |
| Investment income and dividends | $0 | $0 | - |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $993 | $7,413 | -86.6% |
| Total revenues | $428,944 | $599,659 | -28.5% |
Organizations like LIT
| Organization | Type | Location | Revenue |
|---|
| Fund for Advancement of Minorities Through Education (FAME) | 501(c)(3) | Pittsburgh, PA | $1,289,300 |
| Pathway Initiative | 501(c)(3) | Boston, MA | $324,478 |
| Immersion for Spanish Language Acquisition | 501(c)(3) | Chapel Hill, NC | $809,635 |
| REACH Memphis | 501(c)(3) | Memphis, TN | $464,175 |
| Stem Paths Innovation Network (SPIN) | 501(c)(3) | Renton, WA | $708,853 |
| Collegiate Pathways | 501(c)(3) | Orlando, FL | $379,192 |
| Grad Cincinnati | 501(c)(3) | Cincinnati, OH | $1,519,424 |
| The Heal Project | 501(c)(3) | Half Moon Bay, CA | $665,224 |
| Open Doors of Asheville | 501(c)(3) | Asheville, NC | $1,364,753 |
| Stem To the Future | 501(c)(3) | Los Angeles, CA | $819,206 |
Data update history
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 6, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
SchoolsEducational service providersCharities
Issues
EducationAfrican AmericansHispanic
Characteristics
Receives government fundingTax deductible donationsAccepts online donations
General information
- Address
- 2400 Poplar Ave Suite 318
- Memphis, TN 38112
- Metro area
- Memphis, TN-MS-AR
- County
- Shelby County, TN
- Website URL
- litememphis.org/Â
- Phone
- (901) 426-8954
IRS details
- EIN
- 47-2532088
- Fiscal year end
- May
- Taxreturn type
- Form 990
- Year formed
- 2015
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- B90: Educational Services
- NAICS code, primary
- 611710: Educational Support Services
- Parent/child status
- Independent
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