Schooling For Life
- Assets
- $5.2m
- Revenue
- $250.0k
- Investments
- $4.0m
- Employees
- 0
- Location
- Reston, VA
- Founding
- 05/2011
- Data as of
- 12/2021
- EIN
- 27-4868296
Organization Overview
Schooling For Life is located in Reston, VA. The organization was established in 2011. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Schooling For Life 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 12/2021, Schooling For Life generated $250.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $116.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.1%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE, PLAN, AND FACILITATE CURRICULUM AND PROGRAMS FOR GIFTED STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CREATE, PLAN, AND FACILITATE CURRICULUM AND PROGRAMS FOR GIFTED STUDENTS AND SUPPORT INFRASTRUCTURE FOR SAME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Silk Director/president | OfficerTrustee | 1 | $0 |
Kendra Harvey Secretary/treasurer | Officer | 1 | $0 |
Steven Simon Director | Trustee | 1 | $0 |
May Liang Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $250,043 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $250,043 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $250,043 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $7,676 |
| All other expenses | $0 |
| Total functional expenses | $116,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,977 |
| Savings and temporary cash investments | $1,029,143 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,961,223 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,226,343 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $5,226,343 |
| 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 | $5,226,343 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Schooling For Life has recieved totaling $368,050.
| Awarding Organization | Amount |
|---|---|
Millennium Evergreen Charitable Fund Owings Mills, MD PURPOSE: GENERAL SUPPORT | $368,050 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carlos Rosario International Public Charter School Washington, DC | $40,034,612 | $31,340,985 |
Management Leadership For Tomorrow Washington, DC | $53,416,960 | $49,396,463 |
Civic Nation Washington, DC | $14,143,972 | $26,153,225 |
Lundeberg Maryland Seamanship School Inc Camp Springs, MD | $45,157,117 | $7,542,637 |
Conservative Partnership Institute Washington, DC | $31,688,292 | $45,707,730 |
The Council For Professional Recognition Washington, DC | $70,372,041 | $16,997,488 |
Iuoe Training And Education Center Inc Washington, DC | $150,888,644 | $4,876,068 |
Umbc Training Enterprises Inc Columbia, MD | $4,982,165 | $14,677,321 |
Briya Public Charter School Washington, DC | $25,664,437 | $15,256,943 |
Isha Foundation Inc Mcminnville, TN | $77,293,567 | $29,444,562 |
Council For A Strong America Washington, DC | $10,213,790 | $6,648,495 |
American Board For Certification In Orthotics & Prosthetics Inc Alexandria, VA | $27,674,862 | $8,130,856 |