Civic Intelligence

Foundation for Learning in Tredyffrin-Easttown

990 • Fiscal year 2020 • EIN 20-3974816

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 05, 2021

PO Box 806Southeastern, PA 19399-0806

(610) 240-1860

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.07x

Higher debt load relative to assets than 55% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

72nd percentile

0.22x

Higher debt load relative to revenue than 72% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

85th percentile

39%

Higher net margin than 85% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

65th percentile

16%

Faster asset growth than 65% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

36th percentile

-11%

Faster revenue growth than 36% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$900,570

Up $122,492 (+16%) from 2019

Net Assets

Up

$836,809

Up $111,845 (+15%) from 2019

Liabilities

Up

$63,761

Up $10,647 (+20%) from 2019

Revenue

Down

$288,980

Down $36,174 (-11%) from 2019

Expenses

Down

$177,135

Down $52,928 (-23%) from 2019

Net Income

Up

$111,845

Up $16,754 (+18%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $417,727Liabilities 2011: $34,4562011Assets 2012: $500,809Liabilities 2012: $56,772Net Assets 2012: $444,0372012Assets 2013: $520,817Liabilities 2013: $19,452Net Assets 2013: $501,3652013Assets 2014: $581,369Liabilities 2014: $94,629Net Assets 2014: $486,7402014Assets 2015: $554,477Liabilities 2015: $135,258Net Assets 2015: $419,2192015Assets 2016: $562,280Liabilities 2016: $84,573Net Assets 2016: $477,7072016Assets 2017: $628,204Liabilities 2017: $45,946Net Assets 2017: $582,2582017Assets 2018: $710,057Liabilities 2018: $80,184Net Assets 2018: $629,8732018Assets 2019: $778,078Liabilities 2019: $53,114Net Assets 2019: $724,9642019Assets 2020: $900,570Liabilities 2020: $63,761Net Assets 2020: $836,8092020Assets 2021: $1,113,987Liabilities 2021: $55,616Net Assets 2021: $1,058,3712021Assets 2022: $1,231,570Liabilities 2022: $80,248Net Assets 2022: $1,151,3222022Assets 2023: $1,320,257Liabilities 2023: $97,997Net Assets 2023: $1,222,2602023Assets 2024: $1,355,261Liabilities 2024: $126,942Net Assets 2024: $1,228,3192024Assets 2025: $1,282,402Liabilities 2025: $121,434Net Assets 2025: $1,160,9682025

Highlighted filing

2020

Assets$900,570
Liabilities$63,761
Net Assets$836,809

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $181,681Expenses 2011: $132,239Net Income 2011: $49,4422011Revenue 2012: $236,390Expenses 2012: $175,624Net Income 2012: $60,7662012Revenue 2013: $274,774Expenses 2013: $217,446Net Income 2013: $57,3282013Revenue 2014: $278,322Expenses 2014: $292,947Net Income 2014: -$14,6252014Revenue 2015: $236,406Expenses 2015: $303,927Net Income 2015: -$67,5212015Revenue 2016: $277,309Expenses 2016: $218,821Net Income 2016: $58,4882016Revenue 2017: $344,834Expenses 2017: $240,283Net Income 2017: $104,5512017Revenue 2018: $329,703Expenses 2018: $282,088Net Income 2018: $47,6152018Revenue 2019: $325,154Expenses 2019: $230,063Net Income 2019: $95,0912019Revenue 2020: $288,980Expenses 2020: $177,135Net Income 2020: $111,8452020Revenue 2021: $369,911Expenses 2021: $148,349Net Income 2021: $221,5622021Revenue 2022: $339,656Expenses 2022: $246,705Net Income 2022: $92,9512022Revenue 2023: $370,796Expenses 2023: $299,858Net Income 2023: $70,9382023Revenue 2024: $437,626Expenses 2024: $431,567Net Income 2024: $6,0592024Revenue 2025: $410,289Expenses 2025: $477,640Net Income 2025: -$67,3512025

Highlighted filing

2020

Revenue$288,980
Expenses$177,135
Net Income$111,845
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 5, 2021
Return Version
2019v5.0
Gross Receipts
$328,259
Mission and Program Overview

Mission

Supports educational excellence in public schools, with a focus on support for children-in-need.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$509,642$614,308▲ $104,666
Cash and Non-Interest-Bearing Accounts$262,481$280,351▲ $17,870
Prepaid Expenses and Deferred Charges$3,860$5,381▲ $1,521
Pledges and Grants Receivable$1,589$500▼ $1,089
Accounts Receivable$419--
Total Assets$778,078$900,570▲ $122,492
Other Assets Total$87$30▼ $57
Liabilities
Grants Payable$43,964$54,511▲ $10,547
Deferred Revenue$9,150$9,250▲ $100
Total Liabilities$53,114$63,761▲ $10,647
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$714,091$836,809▲ $122,718
Net Assets With Donor Restrictions$10,873--
Total Net Assets Fund Balance$724,964$836,809▲ $111,845
Total Liabilities and Net Assets / Fund Balance$778,078$900,570▲ $122,492
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$218,213
Program Service Revenue
$0
Investment Income
$4,322
Other Revenue
$66,445
All Other Contributions
$218,213
Change in Net Assets
$111,845
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$129,371
Other Expenses$47,764
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$99,348--$99,348
Grants to Domestic Individuals$30,023--$30,023
Information Technology-$1,685-$1,685
Insurance-$976-$976
Other Expenses$43,847$150-$150
Depreciation Depletion-$57-$57
Total Functional Expenses$173,218$3,917$0$177,135
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Tredyffrin Eastown School DistrictWayne, PA-Student Programs$26,459
Delaware Valley Friends SchoolPaoli, PA-Summer Reading$23,200
A CHILD'S PLACEKing of Prussia, PA-Kindergarten Enrich$14,492
T&e CareSoutheastern, PA-Computer/school$10,395
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$105,724
Fundraising Direct Expenses$39,279
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Flite Golf$105,724$105,724$39,279$66,445
Total Events$105,724$105,724$39,279$66,445
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Nina lotfi steve lotfi trustee trustee married

Form 990, Page 6, Part VI, Line 11B

The form 990 without schedule b is provided to the whole governing body prior to filing. A complete copy of the form 990 is provided to the finance & investment committee prior to filing.

Form 990, Page 6, Part VI, Line 19

Information is available upon request.

Filing and Contact Details

Filer

Filer Name
Foundation for Learning in
EIN
20-3974816
Phone
6102401860
Address
PO BOX 806, SOUTHEASTERN, PA 19399-0806

Signing Officer

Name
Andrew Leibowitz CPA Cfe
Title
Treasurer
Phone
6102401860
Signed
2021-02-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vijay Aggarwal
Formed
2006
Legal Domicile
Pa
Voting Board Members
25
Independent Board Members
25
Employees
0
Volunteers
70

Preparer

Firm
O'CONNELL & COMPANY LLC
Address
165 TOWNSHIP LINE RD STE 1100, JENKINTOWN, PA 19046
Preparer
Robert J Mcnamee
Phone
2158874425
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Flite also supports the following programs and needs of students: computers for kids: flite provides funds to t&e care for their purchase of computers to distribute to students for their use at home and in school. Access to a computer has become an essential resource for all students. Music in our schools: this program provides funding for instrument rentals to those students who would like to be involved in the music program, but otherwise may not be able. School supplies: flite provides funds to t&e care to help purchase and distribute backpacks and other necessary school supplies for students. College readiness program: selected conestoga high school students are introduced to post high school education opportunities through flite-funded campus visits and tours. The goal is to inspire and motivate students to view college as a viable and attainable option to consider after graduation. Kindergarten enrichment program: tuition assistance is provided for kindergarteners to attend a half-day academic enrichment session either before or after their regular t/e kindergarten class. The program is operated by a child's place located at each t/e elementary school. Summer learning opportunities program: summer learning opportunities provides financial assistance to various academic, fine arts and leadership camps for students entering grades 4 through 12.

Financial Statement Notes

Schedule D, Page 3, Part X

The foundation is exempt from income tax under irc section 501(c)(3), though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the code. The foundation has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations; and to identify and evaluate other matters that may be considered tax positions. The foundation has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements.

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IRS990/Form990PartVIISectionAGrp/TitleTxt23TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt25TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt26VICE CHAIR
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IRS990/FormationYr02006
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IRS990/MissionDesc0SUPPORTS EDUCATIONAL EXCELLENCE IN PUBLIC SCHOOLS, WITH A FOCUS ON SUPPORT FOR CHILDREN-IN-NEED.
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IRS990/ProgSrvcAccomActy2Grp/Desc0PRESCHOOL TUITION ASSISTANCE: IN PARTNERSHIP WITH LOCAL PRESCHOOLS, FLITE PROVIDES PRESCHOOL TUITION ASSISTANCE TO YOUNG STUDENTS RESIDING IN TREDYFFRIN AND EASTTOWN WHO MEET CERTAIN FINANCIAL CRITERIA.
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IRS990/ProgSrvcAccomActy3Grp/Desc0DELAWARE VALLEY FRIENDS SCHOOL SUMMER ACADEMIC PROGRAM: THIS FIVE-WEEK SUMMER PROGRAM FOR MIDDLE AND HIGH SCHOOL STUDENTS PROVIDES INTENSE, CONSISTENT, AND INDIVIDUALIZED INSTRUCTION TO HELP STUDENTS IMPROVE THEIR READING, MATH AND ASSISTIVE TECHNOLOGY SKILLS.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0FLITE ALSO SUPPORTS THE FOLLOWING PROGRAMS AND NEEDS OF STUDENTS: COMPUTERS FOR KIDS: FLITE PROVIDES FUNDS TO T&E CARE FOR THEIR PURCHASE OF COMPUTERS TO DISTRIBUTE TO STUDENTS FOR THEIR USE AT HOME AND IN SCHOOL. ACCESS TO A COMPUTER HAS BECOME AN ESSENTIAL RESOURCE FOR ALL STUDENTS. MUSIC IN OUR SCHOOLS: THIS PROGRAM PROVIDES FUNDING FOR INSTRUMENT RENTALS TO THOSE STUDENTS WHO WOULD LIKE TO BE INVOLVED IN THE MUSIC PROGRAM, BUT OTHERWISE MAY NOT BE ABLE. SCHOOL SUPPLIES: FLITE PROVIDES FUNDS TO T&E CARE TO HELP PURCHASE AND DISTRIBUTE BACKPACKS AND OTHER NECESSARY SCHOOL SUPPLIES FOR STUDENTS. COLLEGE READINESS PROGRAM: SELECTED CONESTOGA HIGH SCHOOL STUDENTS ARE INTRODUCED TO POST HIGH SCHOOL EDUCATION OPPORTUNITIES THROUGH FLITE-FUNDED CAMPUS VISITS AND TOURS. THE GOAL IS TO INSPIRE AND MOTIVATE STUDENTS TO VIEW COLLEGE AS A VIABLE AND ATTAINABLE OPTION TO CONSIDER AFTER GRADUATION. KINDERGARTEN ENRICHMENT PROGRAM: TUITION ASSISTANCE IS PROVIDED FOR KINDERGARTENERS TO ATTEND A HALF-DAY ACADEMIC ENRICHMENT SESSION EITHER BEFORE OR AFTER THEIR REGULAR T/E KINDERGARTEN CLASS. THE PROGRAM IS OPERATED BY A CHILD'S PLACE LOCATED AT EACH T/E ELEMENTARY SCHOOL. SUMMER LEARNING OPPORTUNITIES PROGRAM: SUMMER LEARNING OPPORTUNITIES PROVIDES FINANCIAL ASSISTANCE TO VARIOUS ACADEMIC, FINE ARTS AND LEADERSHIP CAMPS FOR STUDENTS ENTERING GRADES 4 THROUGH 12.
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0294382
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0234800
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt04237
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01682

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.28$0.12$1.16$0.41$0.48$0.07
2024Detailed filing. Detailed filing data is available for this year.$1.36$0.13$1.23$0.44$0.43$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.32$0.10$1.22$0.37$0.30$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.23$0.08$1.15$0.34$0.25$0.09
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.06$1.06$0.37$0.15$0.22
2020Detailed filing. Detailed filing data is available for this year.$0.90$0.06$0.84$0.29$0.18$0.11
2019Detailed filing. Detailed filing data is available for this year.$0.78$0.05$0.72$0.33$0.23$0.10
2018Detailed filing. Detailed filing data is available for this year.$0.71$0.08$0.63$0.33$0.28$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.63$0.05$0.58$0.34$0.24$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.56$0.08$0.48$0.28$0.22$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.55$0.14$0.42$0.24$0.30$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.58$0.09$0.49$0.28$0.29$0.01
2013Summary only. Only limited summary data is available for this year.$0.52$0.02$0.50$0.27$0.22$0.06
2012Summary only. Only limited summary data is available for this year.$0.50$0.06$0.44$0.24$0.18$0.06
2011Summary only. Only limited summary data is available for this year.$0.42$0.03$0.18$0.13$0.05