Funds for Learning, LLC
How we got $6.6M
Based on its 25 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 29 years (since 1997)
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Funds For Learning is a consulting firm that helps schools and libraries apply for and keep E-rate funding, handling applications, deadlines, and records. It sells no eligible services and holds no SPIN.
From the company's website. Industry: Educational Support Services.
Estimated value over time
▲ 26% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Employees over time
▲ 0% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 25 | $4.1M |
| 2020 | Form 5500 | 19 | $3.1M |
| 2021 | Form 5500 | 21 | $3.4M |
| 2022 | Form 5500 | 25 | $4.1M |
| 2023 | Form 5500 | 22 | $3.6M |
| 2024 | Form 5500 | 25 | $4.1M |
| 2025 | Form 5500 | 25 | $4.1M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| FUNDS FOR LEARNING, LLC this business | $9.3M | — |
| ANSELM CENTER FOR CONSULTATION AND EVALUATION LLC Edmond · 3 employees | $918K | 1.7 mi |
| MELISSA KRAUSE LPC PLLC Edmond · 1 employees | $369K | 1.7 mi |
| TRAVIS A. LITTLE Edmond · 1 employees | $364K | 5.0 mi |
| SPARTAN FX INVESTING LLC Oklahoma City · 1 employees | $224K | 5.2 mi |
| DATATRAK INC DBA MATHNASIUM OF NORTH OKC/MATHNASIUM OF SOUTH Oklahoma City · 31 employees | $7.6M | 5.7 mi |
| 6-C LLC Edmond · 1 employees | $250K | 5.7 mi |
The full calculation
| Employees reported to the SBA | 25 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $5.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $12.9M |
| Estimate: the two combined (geometric mean) | $9.3M |
| EBITDA margin (industry, adjusted for size) | 15% |
| EBITDA = revenue × margin | $1.4M |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $6.6M |
| Multiple for this size and industry | 4.7× |
| Value range | $3.5M – $9.1M |
| Revenue range | $6.1M – $10.6M |
| EBITDA range | $927K – $1.6M |
| Industry (NAICS) | Educational Support Services (611710) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
“We opened in 1997 as the nation’s first dedicated E-rate compliance services firm, and helping schools and libraries with E-rate is still our work.”
Leadership
- CCCathy CruzanPresident · Company website · source
- MRMicah RigdonDirector, Client Services · Company website · source
- VJVerlyne JolleyDirector, Client Services · Company website · source
- DSDirk SchroederClient Services Manager · Company website · source
- EJEric JesterDirector, Client Services · Company website · source
- JWJonathan WilsonProject Manager, E-rate Manager · Company website · source
- DMDavid MeadClient Services Manager · Company website · source
- RFRosalind FroehleBusiness and Finance Manager · Company website · source
- CBCathy BenhamProduct Manager · Company website · source
Advisors
- BankingNBC OklahomaPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| NBC Oklahoma PPP 2020 | All 526 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $540K | 25 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Funds for Learning, LLC
Funds for Learning, LLC is an educational support services company in Edmond, Oklahoma, in business since 1997. It is owned by John Harrington (CEO). Its estimated annual revenue is about $9.3M, with roughly $1.4M of EBITDA. It has about 25 employees. Its estimated business value is $6.6M (likely range $3.5M–$9.1M).
Common questions
- Who owns Funds for Learning, LLC?
- Funds for Learning, LLC is owned by John Harrington (CEO), according to public sources such as the company's website or filings.
- How much revenue does Funds for Learning, LLC make?
- SeeBITDA estimates Funds for Learning, LLC's annual revenue at about $9.3M (likely between $6.1M and $10.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Funds for Learning, LLC worth?
- About $6.6M, roughly 4.7× its estimated EBITDA of $1.4M, typical for a educational support services company its size. Likely range: $3.5M–$9.1M.
- How many employees does Funds for Learning, LLC have?
- About 25, from its 2025 retirement-plan filing.
- When was Funds for Learning, LLC founded?
- Funds for Learning, LLC has been in business since 1997.