Civic Intelligence

Foundation for Learning in Tredyffrin-Easttown

990 • Fiscal year 2023 • EIN 20-3974816

Jul 01, 2022 to Jun 30, 2023 • Filed on Jan 30, 2024

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

52nd percentile

0.07x

Higher debt load relative to assets than 52% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

70th percentile

0.26x

Higher debt load relative to revenue than 70% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

73rd percentile

19%

Higher net margin than 73% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

57th percentile

7.2%

Faster asset growth than 57% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

54th percentile

9.2%

Faster revenue growth than 54% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,320,257

Up $88,687 (+7.2%) from 2022

Net Assets

Up

$1,222,260

Up $70,938 (+6.2%) from 2022

Liabilities

Up

$97,997

Up $17,749 (+22%) from 2022

Revenue

Up

$370,796

Up $31,140 (+9.2%) from 2022

Expenses

Up

$299,858

Up $53,153 (+22%) from 2022

Net Income

Down

$70,938

Down $22,013 (-24%) from 2022

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

2023

Assets$1,320,257
Liabilities$97,997
Net Assets$1,222,260

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

2023

Revenue$370,796
Expenses$299,858
Net Income$70,938
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jan 30, 2024
Return Version
2022v5.0
Gross Receipts
$423,074
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$899,702$1,166,255▲ $266,553
Cash and Non-Interest-Bearing Accounts$327,715$134,063▼ $193,652
Prepaid Expenses and Deferred Charges$4,153$19,939▲ $15,786
Total Assets$1,231,570$1,320,257▲ $88,687
Liabilities
Grants Payable$80,248$93,622▲ $13,374
Deferred Revenue-$4,375-
Total Liabilities$80,248$97,997▲ $17,749
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,117,865$1,186,950▲ $69,085
Net Assets With Donor Restrictions$33,457$35,310▲ $1,853
Total Net Assets Fund Balance$1,151,322$1,222,260▲ $70,938
Total Liabilities and Net Assets / Fund Balance$1,231,570$1,320,257▲ $88,687
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$199,925
Program Service Revenue
$0
Investment Income
$7,917
Other Revenue
$162,954
All Other Contributions
$199,925
Change in Net Assets
$70,938
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$217,479
Other Expenses$82,379
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$160,369--$160,369
Grants to Domestic Individuals$57,110--$57,110
Insurance-$1,661-$1,661
Information Technology-$855-$855
Other Expenses$984$404-$404
Advertising-$346-$346
All Other Expenses-$197-$197
Total Functional Expenses$295,197$4,661$0$299,858
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Tredyffrin Eastown School DistrictWayne, PA-Student Programs$84,574
A CHILD'S PLACEKing of Prussia, PA-Kindergarten Enrich$46,306
T&e CareSoutheastern, PA-Computer/school$8,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$215,232
Fundraising Direct Expenses$52,278
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Flite Golf$134,395$134,395$40,022$94,373
Harlem Wizards$80,837$80,837$12,256$68,581
Total Events$215,232$215,232$52,278$162,954
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 advisory brd married robin briggs jim briggs trustee trustee married

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

The form 990 without schedule b is provided to the governing body and the full form 990 is provided to the treasurer and assistant treasurer 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
Cyndi Stains CPA
Title
Treasurer
Phone
6102401860
Signed
2024-01-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pritam Potnis
Formed
2006
Legal Domicile
Pa
Voting Board Members
30
Independent Board Members
30
Employees
0
Volunteers
75

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. 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. Preschool tuition assistance: flite partners with local pre-schools to provide scholarships to several dozen disadvantaged children. This program allows children-in-need to attend preschool at little or no cost to the family, thus giving the children the opportunity to access quality early education opportunities. Learning opportunities program: learning opportunities provides financial assistance to various academic, fine arts and leadership camps for students entering grades 4 through 12. Library summer reading: allows the easttown library to purchase multiple copies of t/e school district required summer reading titles in print, e- book, and e-audiobook formats. These materials are then made available for borrowing by students who cannot afford to purchase the required summer reading books. Mobile hot spots: hot spots are provided to facilitate online access to students when class is held online rather than in person. Mobile hot spots also provide access for home instruction such as homework that requires internet. Calculators for kids: graphing calculators are provided to children whose families cannot afford this necessary tool to succeed in math class. Before and after care: provides academic support and socialization in a supervised environment before and after the regular scheduled elementary school day. 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.

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/TitleTxt24SECRETARY
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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/Desc0AFTER SCHOOL HOMEWORK: IS AN AFTER-SCHOOL PROGRAM STAFFED BY T/E TEACHERS, INSTRUCTIONAL ASSISTANTS AND SCHOOL COUNSELORS. THE PROGRAM PROVIDES APPROXIMATELY 125 STUDENTS WITH GENERAL EDUCATIONAL ASSISTANCE, HOMEWORK HELP, INDIVIDUALIZED TUTORING, RECREATION, A LIGHT MEAL, AND TRANSPORTATION HOME.
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IRS990/ProgSrvcAccomActy3Grp/Desc0EDUCATION AWARDS: FLITE PROVIDES NEED-BASED SCHOLARSHIPS TO FIVE GRADUATING CONESTOGA HIGH SCHOOL STUDENTS. THE SCHOLARSHIPS SUPPORT ATTENDANCE AT COLLEGE, VOCATIONAL, OR OTHER POST-HIGH SCHOOL EDUCATIONAL INSTITUTIONS.
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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. 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. PRESCHOOL TUITION ASSISTANCE: FLITE PARTNERS WITH LOCAL PRE-SCHOOLS TO PROVIDE SCHOLARSHIPS TO SEVERAL DOZEN DISADVANTAGED CHILDREN. THIS PROGRAM ALLOWS CHILDREN-IN-NEED TO ATTEND PRESCHOOL AT LITTLE OR NO COST TO THE FAMILY, THUS GIVING THE CHILDREN THE OPPORTUNITY TO ACCESS QUALITY EARLY EDUCATION OPPORTUNITIES. LEARNING OPPORTUNITIES PROGRAM: LEARNING OPPORTUNITIES PROVIDES FINANCIAL ASSISTANCE TO VARIOUS ACADEMIC, FINE ARTS AND LEADERSHIP CAMPS FOR STUDENTS ENTERING GRADES 4 THROUGH 12. LIBRARY SUMMER READING: ALLOWS THE EASTTOWN LIBRARY TO PURCHASE MULTIPLE COPIES OF T/E SCHOOL DISTRICT REQUIRED SUMMER READING TITLES IN PRINT, E- BOOK, AND E-AUDIOBOOK FORMATS. THESE MATERIALS ARE THEN MADE AVAILABLE FOR BORROWING BY STUDENTS WHO CANNOT AFFORD TO PURCHASE THE REQUIRED SUMMER READING BOOKS. MOBILE HOT SPOTS: HOT SPOTS ARE PROVIDED TO FACILITATE ONLINE ACCESS TO STUDENTS WHEN CLASS IS HELD ONLINE RATHER THAN IN PERSON. MOBILE HOT SPOTS ALSO PROVIDE ACCESS FOR HOME INSTRUCTION SUCH AS HOMEWORK THAT REQUIRES INTERNET. CALCULATORS FOR KIDS: GRAPHING CALCULATORS ARE PROVIDED TO CHILDREN WHOSE FAMILIES CANNOT AFFORD THIS NECESSARY TOOL TO SUCCEED IN MATH CLASS. BEFORE AND AFTER CARE: PROVIDES ACADEMIC SUPPORT AND SOCIALIZATION IN A SUPERVISED ENVIRONMENT BEFORE AND AFTER THE REGULAR SCHEDULED ELEMENTARY SCHOOL DAY. 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.
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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