Civic Intelligence

I2 Learning Foundation Inc.

990 • Fiscal year 2022 • EIN 82-2141691

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

76 Dingle Ridge RoadBrewster, NY 10509

(646) 650-2900

Siviq Scores

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

Liabilities / Assets

35th percentile

0.02x

Higher debt load relative to assets than 35% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

52nd percentile

0.08x

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

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Net Margin

3rd percentile

-163%

Higher net margin than 3% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

52nd percentile

$62,410

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 17.0% of source-year revenue.

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Asset Growth

5th percentile

-26%

Faster asset growth than 5% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

2nd percentile

-83%

Faster revenue growth than 2% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$1,707,809

Down $593,629 (-26%) from 2021

Net Assets

Down

$1,676,593

Down $597,959 (-26%) from 2021

Liabilities

Up

$31,216

Up $4,330 (+16%) from 2021

Revenue

Down

$367,605

Down $1,843,353 (-83%) from 2021

Expenses

Down

$965,564

Down $969,710 (-50%) from 2021

Net Income

Down

-$597,959

Down $873,643 (-317%) from 2021

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2017: $0Liabilities 2017: $6,195Net Assets 2017: -$6,1952017Assets 2018: $1,149,057Liabilities 2018: $413,976Net Assets 2018: $735,0812018Assets 2019: $937,354Liabilities 2019: $31,286Net Assets 2019: $906,0682019Assets 2020: $2,076,207Liabilities 2020: $77,340Net Assets 2020: $1,998,8672020Assets 2021: $2,301,438Liabilities 2021: $26,886Net Assets 2021: $2,274,5522021Assets 2022: $1,707,809Liabilities 2022: $31,216Net Assets 2022: $1,676,5932022Assets 2023: $1,798,773Liabilities 2023: $23,432Net Assets 2023: $1,775,3412023Assets 2024: $1,863,935Liabilities 2024: $24,230Net Assets 2024: $1,839,7052024

Highlighted filing

2022

Assets$1,707,809
Liabilities$31,216
Net Assets$1,676,593

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $0Expenses 2017: $6,195Net Income 2017: -$6,1952017Revenue 2018: $1,459,860Expenses 2018: $718,584Net Income 2018: $741,2762018Revenue 2019: $2,619,425Expenses 2019: $2,448,438Net Income 2019: $170,9872019Revenue 2020: $2,411,867Expenses 2020: $1,319,068Net Income 2020: $1,092,7992020Revenue 2021: $2,210,958Expenses 2021: $1,935,274Net Income 2021: $275,6842021Revenue 2022: $367,605Expenses 2022: $965,564Net Income 2022: -$597,9592022Revenue 2023: $618,750Expenses 2023: $520,002Net Income 2023: $98,7482023Revenue 2024: $904,938Expenses 2024: $840,574Net Income 2024: $64,3642024

Highlighted filing

2022

Revenue$367,605
Expenses$965,564
Net Income-$597,959
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$367,605
Mission and Program Overview

Mission

This foundation is formed for purely charitable purposes. The foundation provides educational programs to students regardless of race, color or creed. The foundation develops programs in conjunction with educational institutions and helps implement them in classroom settings. These programs will focus on science, technology, engineering and math (stem) topics as these are becoming increasingly important in today's world and the programs will enable students to pursue careers in these fields.

The purpose for which this foundation is formed are for purely charitable purposes, regardless of race, color or creed to provide educational programs to students. The foundation develops programs in conjunction with educational institutions and helps implement them in classroom settings. These programs will focus on science, technology, engineering and math (STEM) topics as these are becoming increasingly important in today's world and the programs will enable students to pursue careers in these fields.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,177,554$1,422,907▼ $754,647
Accounts Receivable-$253,357-
Pledges and Grants Receivable$69,456--
Cash and Non-Interest-Bearing Accounts$33,896$23,876▼ $10,020
Prepaid Expenses and Deferred Charges$20,532$7,669▼ $12,863
Total Assets$2,301,438$1,707,809▼ $593,629
Liabilities
Accounts Payable and Accrued Expenses$26,886$31,216▲ $4,330
Total Liabilities$26,886$31,216▲ $4,330
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,386,916$1,529,264▲ $142,348
Net Assets With Donor Restrictions$887,636$147,329▼ $740,307
Total Net Assets Fund Balance$2,274,552$1,676,593▼ $597,959
Total Liabilities and Net Assets / Fund Balance$2,301,438$1,707,809▼ $593,629
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Vicky VlantisCorporate SecretaryFT$62,410$62,410

Board Members and Trustees

NameTitle
Ethan BermanPresident and Treasurer
Jean O'KeefeBoard Member
Jill ShahBoard Member
Katie EverettBoard Member
Stacia Reidy MacNaughtBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$10,060
Program Service Revenue
$342,192
Investment Income
$15,353
Other Revenue
$0
All Other Contributions
$10,060
Change in Net Assets
$-597,959
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$361,531
Other Expenses$304,033
Grants and Similar Amounts Paid$300,000
Total Fundraising Expense$10,521
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$300,000--$300,000
Comp Disqual Persons$244,673$24,971$6,910$276,554
Current Officers, Directors, Trustees, and Key Employees$37,698$3,856$1,285$42,839
Payroll Taxes$19,430$1,987$662$22,079
Other Expenses$20,071$140-$20,071
Other Employee Benefits$17,652$1,805$602$20,059
Fees for Services Accounting-$17,445-$17,445
Insurance-$8,772-$8,772
Travel$4,723$1,158$1,062$6,943
Information Technology$1,921$4,132-$6,053
Fees for Services Other-$3,396-$3,396
Office Expenses$781$1,942-$2,723
Advertising-$408-$408
Total Functional Expenses$883,468$71,575$10,521$965,564
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Attleboro Public SchoolAttleboro, MA-a. The Grant funds will be used in accordance with the goals of the program and will be used to pay the salary and benefits of a full-time project based learning coach, materials needed in classrooms for project-based learning projects, and teacher training for project-based learning. The Program will be implemented by the Grantee in accordance with the Agreement.b. The Grantee agrees to use the Grant (including any income earned thereon) solely to further charitable, scientific, educational or other purposes described in Sections 170(c)(2)(B) and 501(c)(3) of the Internal Revenue Code of 1986 (the "Code").c. The Grantee may not use the Grant funds for any purpose other than the Program. The Grantee further agrees that no portion of the Grant funds (including any income earned thereon) shall be used to purchase any products or services from i2 Leaming Foundation.$300,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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, Part VI, Section B, line 11B

The Board has delegated the review function to the Finance Committee. Form 990 provided to President Ethan Berman for his review and approval.

Form 990, Part VI, Section B, line 12C

The officers have been provided with the "Conflict of Interest" Policy document of the Organization. If any such situation arises, the respective officer or director is required to voluntarily disclose the conflict to the Board. On the other hand, if the Board becomes aware of any conflict of interest issue with any officer or employee, the Board takes adequate measures to address the issue.

Form 990, Part VI, Section B, line 15

The President/Treasurer and none of the other Board members receive any compensation from the Organization other than health benefits to the President/Treasurer. The salary and benefits to the employees (other than the Board ) are reviewed and approved by the Board.

Form 990, Part VI, Section C, line 19

Upon request received in writing, financial documents, governing docuemnts and conflict of interest policies will be made available in a reasonable period of time.

Filing and Contact Details

Filer

Filer Name
i2 Learning Foundation Inc
EIN
82-2141691
Phone
6466502900
Address
76 Dingle Ridge Road, Brewster, NY 10509

Signing Officer

Name
Ethan Berman
Title
President & Treasurer
Phone
9175090664
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ethan Berman
Formed
2017
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
4
Employees
5
Volunteers
0

Preparer

Firm
Kaul & Gupta CPA LLP
Address
425 Broadhollow Road Suite 427, Melville, NY 11747
Preparer
Pradeep K Gupta
Phone
6316239800
Supplemental Narrative

Additional Explanations

Form 990 part IX line 24 A, B, C

Additional explanation for items exceeding 10% of line 25 column A: Curriculum Development $156,150 Teacher training workshop $320,071 The expenses above were incured in developing the curricula and training materials with the assistance of in-house employees and external consultants.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0The purpose for which this foundation is formed are for purely charitable purposes, regardless of race, color or creed to provide educational programs to students. The foundation develops programs in conjunction with educational institutions and helps implement them in classroom settings. These programs will focus on science, technology, engineering and math (STEM) topics as these are becoming increasingly important in today's world and the programs will enable students to pursue careers in these fields.
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IRS990/Desc0Full year program:The foundation has commenced a full year curriculam redesign for learning in middle school. With a focus on making schoolwork more interdisciplinary, i2 Full Year program aims to make school more like the real world with learning that is more meaningful and authentic to students.i2 Full Year is a complete re-write of an entire year of 4th, 5th, and 6th grade. All disciplines and state standards are addressed through projects that are based on one theme per grade. A focused study was conducted on the Attleboro school district with three middle schools, grades 5 and 6. A third of the teaching team participated in the program allowing evaluators to compare students in the i2 program with students who were not participating in the program. Evaluators conducted three classroom observations, two student surveys and four teacher surveys. Each school had a dedicated coach who visited several times a month.i2 Learning also provides complete course kits containing all materials needed to run each of the courses. Some courses have technology requirements such as laptops and internet access that i2 does not provide and these requirements are discussed with schools before choosing an appropriate program. Teacher and student guides are available for each course, with some course booklets available in Spanish.
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IRS990/MissionDesc0This Foundation is formed for charitable purposes and provides educational programs to students regardless of race, color or creed. The Foundation develops programs in conjunction with educational institutions and helps implement them in classroom settings. These programs will focus on science, technology, engineering and math (STEM) topics as these are becoming increasingly important in today's world and the programs will enable students to pursue careers in these fields.
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IRS990/OtherExpensesGrp/Desc0CURRICULUM DEVELOPMENT
IRS990/OtherExpensesGrp/Desc1TRAINING MATERIALS
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IRS990/ProgramServiceRevenueGrp/Desc0Day of AI
IRS990/ProgramServiceRevenueGrp/Desc1Educational materials
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IRS990/ProgSrvcAccomActy2Grp/Desc0Attleboro Public School Grant: The Grant funds will be used in accordance with the goals of the program and will be used to pay the salary and benefits of a full-time project based learning coach, materials needed in classrooms for project-based learning projects, and teacher training for project-based learning. The Program will be implemented by the Grantee in accordance with the Agreement.
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IRS990/ProgSrvcAccomActy3Grp/Desc0General STEM programs: The foundation develops programs in conjunction with educational institutions and helps implement them in classroom settings. These programs will focus on science, technology, engineering and math (STEM) topics.Day of AI: i2 Learning has collaborated with MIT RAISE to create Day of AI. Day of AI offers a full school day's worth of curriculum and activities for elementary, middle school, and high school students. The program is completely free and accessible to students and teachers of all backgrounds and abilities. 3,000 teachers registered for the program indicating 500-750 schools offered the program. The program had international reach with Australia running Day of AI nationally and Uruguay translating the curriculum and offering it in October. The NYC Department of Education, Boston and broader Massachusetts ran the program. MIT conducted the marketing and positioning while i2 Learning provided curricular support. Day of AI was completely paid for and required less work in comparison to other initiatives. A larger program is planned for May 2023.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0Massachusetts and San Diego STEM Week: The Foundation conducts STEM Week programs for the schools located in the state of Massachussets and City of Boston. The Foundation develops immersive project-based science, technology, engineering and math (STEM) programs for middle school students with the intent of increasing the number of students, especially girls and other traditionally under-representdgroups, who persue STEM fields of study and eventually careers in STEM. In partnership with schools and other educational institutions, the Foundation transforms middle schools into STEM learning labs to expose and engage students in different STEM fields. During STEM Week, regularly scheduled course periods are replaced by hands-on curriculum developed by MIT and a number of other leading STEM organizations. Over the five days, teachers and students work in teams to solve real-world problems in a classroom where hands-on experimentation, critical thinking, and collaboration are encouraged and used as teaching techniques to engage and inspire students.i2 programs are designed to be implemented with teachers and students of all backgrounds and abilities, including English language learners.
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt01422907
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01420858
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt08091854
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt015353
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01023
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02386
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02610
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01420858
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt08091854
IRS990ScheduleA/TotalSupportAmt08113228
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990/ScheduleBRequiredInd01
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0300000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N.A.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0a. The Grant funds will be used in accordance with the goals of the program and will be used to pay the salary and benefits of a full-time project based learning coach, materials needed in classrooms for project-based learning projects, and teacher training for project-based learning. The Program will be implemented by the Grantee in accordance with the Agreement.b. The Grantee agrees to use the Grant (including any income earned thereon) solely to further charitable, scientific, educational or other purposes described in Sections 170(c)(2)(B) and 501(c)(3) of the Internal Revenue Code of 1986 (the "Code").c. The Grantee may not use the Grant funds for any purpose other than the Program. The Grantee further agrees that no portion of the Grant funds (including any income earned thereon) shall be used to purchase any products or services from i2 Leaming Foundation.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Attleboro Public School
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0One Blue Pride Way
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Attleboro
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd002703
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0Cash Grant
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0A Grant agreement was entered with Attleboro Public Schools, stating the terms of use of the Grant for specified purposes. The recipient organization to issue periodically Grant utilization status report to the foundation.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board has delegated the review function to the Finance Committee. Form 990 provided to President Ethan Berman for his review and approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The officers have been provided with the "Conflict of Interest" Policy document of the Organization. If any such situation arises, the respective officer or director is required to voluntarily disclose the conflict to the Board. On the other hand, if the Board becomes aware of any conflict of interest issue with any officer or employee, the Board takes adequate measures to address the issue.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The President/Treasurer and none of the other Board members receive any compensation from the Organization other than health benefits to the President/Treasurer. The salary and benefits to the employees (other than the Board ) are reviewed and approved by the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Upon request received in writing, financial documents, governing docuemnts and conflict of interest policies will be made available in a reasonable period of time.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Additional explanation for items exceeding 10% of line 25 column A: Curriculum Development $156,150 Teacher training workshop $320,071 The expenses above were incured in developing the curricula and training materials with the assistance of in-house employees and external consultants.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 part ix line 24 a, b, c
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IRS990/USAddress/AddressLine1Txt076 Dingle Ridge Road
IRS990/USAddress/CityNm0Brewster
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010509
IRS990/VotingMembersGoverningBodyCnt05
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IRS990/WebsiteAddressTxt0i2learning.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Ethan Berman
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President & Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum09175090664
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0i2 Learning Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0I2LE
ReturnHeader/Filer/EIN0822141691
ReturnHeader/Filer/PhoneNum06466502900
ReturnHeader/Filer/USAddress/AddressLine1Txt076 Dingle Ridge Road
ReturnHeader/Filer/USAddress/CityNm0Brewster
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010509
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0823872273
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Kaul & Gupta CPA LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0425 Broadhollow Road Suite 427
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Melville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011747
ReturnHeader/PreparerPersonGrp/PhoneNum06316239800
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Pradeep K Gupta

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