The Source For Learning Inc
- Assets
- $77.1m
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 17
- Location
- Reston, VA
- Founding
- 09/1991
- Data as of
- 12/2021
- 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 12/2021, Source For Learning Inc employed 17 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 12/2021, Source For Learning Inc generated $9.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $4.0m during the year ending 12/2021. While expenses have increased by 3.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 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 | $220,284 |
Judit Slezak Managing Director, Marketi | 40 | $155,420 | |
Kamna Seth Director, Early Childhood | 40 | $132,914 | |
Mary A Murphy Director, Administration | 40 | $131,276 | |
A Ruth Okoye Director, K-12 Initiatives | 40 | $127,300 | |
Bridget Anderson Director, Community Busine | 40 | $122,010 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $938,124 |
| Government grants | $315,610 |
| All other contributions, gifts, grants, and similar amounts not included above | $599,827 |
| Noncash contributions included in lines 1a–1f | $246,676 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,853,561 |
| Total Program Service Revenue | $67 |
| Investment income | $1,470,895 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,385,795 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $884,832 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,603,490 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $102 |
| 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. | $377,916 |
| Compensation of current officers, directors, key employees. | $83,211 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,519,181 |
| Pension plan accruals and contributions | $111,894 |
| Other employee benefits | $214,916 |
| Payroll taxes | $135,469 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,197 |
| Fees for services: Accounting | $56,576 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $297,561 |
| Advertising and promotion | $188,977 |
| Office expenses | $221,671 |
| Information technology | $534,873 |
| Royalties | $0 |
| Occupancy | $220,256 |
| Travel | $22,121 |
| 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 | $14,910 |
| Insurance | $8,881 |
| All other expenses | $0 |
| Total functional expenses | $3,983,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $514 |
| Savings and temporary cash investments | $676,938 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,349 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $114,566 |
| Prepaid expenses and deferred charges | $33,637 |
| Net Land, buildings, and equipment | $1,440,651 |
| Investments—publicly traded securities | $59,134,899 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,683,635 |
| Total assets | $77,116,189 |
| Accounts payable and accrued expenses | $111,033 |
| Grants payable | $0 |
| Deferred revenue | $1,130,193 |
| 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 | $34,998 |
| Total liabilities | $1,276,224 |
| Net assets without donor restrictions | $75,839,965 |
| 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 | $77,116,189 |
Grants Awarded
Over the last fiscal year, The Source For Learning Inc has awarded $37,842 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
St Louis, MO PURPOSE: EDUCATIONAL IMPROVEMENTS | $27,842 |
NATIONAL EBS ASSOCIATION PURPOSE: EDUCATIONAL IMPROVEMENTS | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Source For Learning Inc has recieved totaling $742,120.
| Awarding Organization | Amount |
|---|---|
Southern Florida Instructional Television Inc Miami Shores, FL PURPOSE: EDUCATIONAL IMPROVEMENTS | $742,114 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $6 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hampton Roads Educational Telecommunications Association Inc Norfolk, VA | $32,040,229 | $13,882,168 |
Nashville Public Television Inc Nashville, TN | $12,793,637 | $7,603,671 |
Kentucky Educational Television Foundation Inc Lexington, KY | $11,286,111 | $8,939,208 |
The Source For Learning Inc Reston, VA | $77,116,189 | $9,603,490 |
Johnsonville Tva Employees Credit U Camden, TN | $144,344,492 | $5,400,399 |
Blue Ridge Public Television Roanoke, VA | $5,643,633 | $3,346,283 |
East Tennessee Public Communications Corporation Knoxville, TN | $6,653,863 | $3,794,703 |
Montgomery Comm Television Inc Rockville, MD | $2,556,236 | $3,851,592 |
World Christian Broadcasting Corporation Franklin, TN | $9,955,319 | $2,836,248 |
Iwt-Trnn Inc Baltimore, MD | $8,183,946 | $3,134,025 |
Greater Chattanooga Public Television Corporation Chattanooga, TN | $5,254,275 | $2,478,366 |
Upper Cumberland Broadcast Council Cookeville, TN | $3,187,769 | $2,605,281 |