The Source For Learning Inc
- Assets
- $69.4m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 16
- Location
- Reston, VA
- Founding
- 09/1991
- Data as of
- 12/2022
- EIN
- 52-1279689
Organization Overview
The Source For Learning Inc is located in Reston, VA. The organization was established in 1991. According to its NTEE Classification (A32) the organization is classified as: Television, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Source For Learning Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Source For Learning Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Source For Learning Inc generated $8.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $5.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HIGH-QUALITY, TECHNOLOGY-BASED CONTENT AND SERVICES THAT ENHANCE LEARNING FOR ALL CHILDREN, AND TO EMPOWER TEACHERS, CHILD CARE PROVIDERS, AND PARENTS TO SUPPORT THAT LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ON-LINE EDUCATIONAL ACTIVITIES: TEACHERSFIRST.COM IS A FREE WEBSITE CREATED FOR THE EASY ACCESS TO AND RETRIEVAL OF QUALITY K-12 EDUCATIONAL RESOURCES FOR USE IN CLASSROOMS AND FOR TEACHER PROFESSIONAL DEVELOPMENT. SFLECE.ORG IS A FREE WEBSITE PROVIDING EARLY CHILDHOOD EDUCATORS ACCESS TO PROFESSIONAL LEARNING CONTENT, INCLUDING AN ONLINE CREDENTIAL PROGRAM AND FREE PRACTIONER-FOCUSED WEBINARS.
SFL BROADBAND: A SERVICE PROVIDING TEACHERS, STAFF AND/OR STUDENTS WITH ACCESS TO FREE WIRELESS INTERNET DEVICES AND SERVICE.
ASSISTANCE TO AFFILIATES: PROFESSIONAL DEVELOPMENT, ROYALTY SHARING, GRANTS, AND EQUIPMENT TO SCHOOLS AND THEIR COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn M Rejniak President/ceo | OfficerTrustee | 40 | $232,122 |
Carlos A Gonzalez ESQ Chairman | OfficerTrustee | 2 | $0 |
Toni Cacace-Beshears Vice-Chairman | OfficerTrustee | 2 | $0 |
Chuck Burbridge Treasurer | OfficerTrustee | 2 | $0 |
Marcia A Bexley Secretary | OfficerTrustee | 2 | $0 |
Ann Davis PHD Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $754,009 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $479,484 |
| Noncash contributions included in lines 1a–1f | $130,429 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,233,493 |
| Total Program Service Revenue | $0 |
| Investment income | $1,245,471 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,505,629 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,034 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,026,448 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $463,733 |
| Compensation of current officers, directors, key employees. | $112,913 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,464,074 |
| Pension plan accruals and contributions | $101,655 |
| Other employee benefits | $237,763 |
| Payroll taxes | $141,853 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73,651 |
| Fees for services: Accounting | $65,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $508,480 |
| Advertising and promotion | $336,798 |
| Office expenses | $181,540 |
| Information technology | $407,196 |
| Royalties | $0 |
| Occupancy | $236,173 |
| Travel | $42,918 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $705,870 |
| Insurance | $10,800 |
| All other expenses | $0 |
| Total functional expenses | $5,019,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,553,779 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,864 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $130,429 |
| Prepaid expenses and deferred charges | $71,052 |
| Net Land, buildings, and equipment | $152,818 |
| Investments—publicly traded securities | $50,685,263 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,762,803 |
| Total assets | $69,394,008 |
| Accounts payable and accrued expenses | $203,913 |
| Grants payable | $0 |
| Deferred revenue | $1,162,975 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,687 |
| Total liabilities | $1,372,575 |
| Net assets without donor restrictions | $68,021,433 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $69,394,008 |
Grants Awarded
Over the last fiscal year, The Source For Learning Inc has awarded $37,842 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ARCHDIOCESE OF ST LOUIS PURPOSE: EDUCATIONAL IMPROVEMENTS | $27,842 |
NATIONAL EBS ASSOCIATION PURPOSE: EDUCATIONAL IMPROVEMENTS | $10,000 |