Primary Source Learning Inc

EIN: 260237128 501(c)(3)

Falls Church, VA

Total Revenue
$281,974
Total Expenses
$267,279
Total Assets
N/A
Net Assets
N/A
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
VA
Principal Officer
Sherry Levitt
Phone
7032946270
Tax Period
2020-10-01 to 2021-09-30

PRIMARY SOURCE LEARNING INC, founded in 2003, is a small nonprofit that reported $324K in total revenue in fiscal year 2017. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

Primary Source Learning (TPSNVA) implemented the Teaching with Primary Sources program of the Library of Congress for Virginia until September 30, 2021, when the organization dissolved. The participants of this program were Pre-K through college educators and administrators throughout the states who attended free professional development workshops, presentations, and courses utilizing the extensive digital primary sources of the Library of Congress. In connecting teachers to the Library of Congress, TPSVA supported its programs and mission by instructing teachers in accessing the online instructional resources of the Nation's library.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $281,974
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $281,974

Expense Breakdown

Grants Paid $2,972
Salaries & Benefits $213,680
Fundraising Expenses $0
Program Expenses $240,551
Other Expenses $50,627
TOTAL EXPENSES $267,279

Year-over-Year Comparison

2020 2019 Change
Revenue $281,974 $276,000 +0.0%
Expenses $267,279 $288,687 -0.1%
Net Income $14,695 $-12,687 -2.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
2
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$219,668
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sarah Whelan Chair 2.50
Officer Director
$0 $0 $0
Lisa High Director 1.00
Director
$0 $0 $0
Dat Le Director 1.00
Director
$0 $0 $0
Jodie Peters Secretary 1.00
Director
$0 $0 $0
Tracy Robertson Director 1.00
Director
$0 $0 $0
Robert Smith Director 0.50
Director
$0 $0 $0
Kerri Hirsch Director 1.00
Director
$0 $0 $0
Lori Bedsole Director 1.00
Director
$0 $0 $0
Julie Macrina Director 1.00
Director
$0 $0 $0
Coleen Eddy Director 1.00
Director
$0 $0 $0
Cathy Hix Director 1.00
Director
$0 $0 $0
Sherry Levitt Executive Director 40.00
Officer
$115,000 $7,457 $122,457
Cynthia Szwajkowski Assistant Director 30.00
Officer
$91,500 $5,711 $97,211
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2021 $281,974 $267,279 No data $14,695
2020 $276,000 $288,687 $7,256 $-12,687
2019 $307,000 $302,612 $18,022 $4,388
2018 $323,500 $316,889 $19,425 $6,611
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