THE SOURCE FOR LEARNING INC

EIN: 521279689 501(c)(3) Arts, Culture & Humanities

RESTON, VA

Total Revenue
$10,099,916
Total Expenses
$4,707,420
Total Assets
$80,467,494
Net Assets
$77,931,330
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
VA
Principal Officer
LYNN REJNIAK
Phone
7038609200
Tax Period
2023-01-01 to 2023-12-31

THE SOURCE FOR LEARNING INC, founded in 1979, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $10.1M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.4M, a strong 53% operating margin.

Mission

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. AN IMPORTANT PART OF THE MISSION IS TO INCREASE ACCESS TO OUR SERVICES TO UNDERSERVED CHILDREN AND ADULTS.

Program Service Accomplishments

Program 1
Expenses: $3,234,086

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...

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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.

Program 2
Expenses: $315,000

SFL BROADBAND: A SERVICE PROVIDING TEACHERS, STAFF AND/OR STUDENTS WITH ACCESS TO FREE WIRELESS INTERNET DEVICES AND SERVICE.

Program 3
Expenses: $47,225

ASSISTANCE TO AFFILIATES: PROFESSIONAL DEVELOPMENT, ROYALTY SHARING, GRANTS, AND EQUIPMENT TO SCHOOLS AND THEIR COMMUNITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,680,857
Program Service Revenue $0
Investment Income $2,452,596
Other Revenue $5,966,463
TOTAL REVENUE $10,099,916

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,464,805
Fundraising Expenses $45,737
Program Expenses $3,596,311
Other Expenses $2,242,615
TOTAL EXPENSES $4,707,420

Year-over-Year Comparison

2023 2022 Change
Revenue $10,099,916 $8,026,448 +0.3%
Expenses $4,707,420 $5,019,390 -0.1%
Net Income $5,392,496 $3,007,058 +0.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
12
Independent Members
11
Employees
19
Volunteers
11

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
5
$376,623
Total Directors
12
$376,623
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANN DAVIS EDD DIRECTOR 2.00
Director
$0 $0 $0
BONITA HAMILTON EDD DIRECTOR 2.00
Director
$0 $0 $0
CARLOS A GONZALEZ ESQ CHAIRMAN 2.00
Officer Director
$0 $0 $0
CHUCK BURBRIDGE TREASURER 2.00
Officer Director
$0 $0 $0
DAVID W TAYLOR EDD DIRECTOR 2.00
Director
$0 $0 $0
DR GREGORY C HUTCHINGS JR DIRECTOR 2.00
Director
$0 $0 $0
LYNN M REJNIAK PRESIDENT/CEO 40.00
Officer Director
$254,009 $122,614 $376,623
MARCIA A BEXLEY SECRETARY 2.00
Officer Director
$0 $0 $0
ROBERT FINCH DIRECTOR 2.00
Director
$0 $0 $0
STEVEN GORSKI DIRECTOR 40.00
Director
$0 $0 $0
TONI CACACE-BESHEARS VICE-CHAIRMAN 2.00
Officer Director
$0 $0 $0
WILLIAM H HARRIS EDD DIRECTOR 2.00
Director
$0 $0 $0
A RUTH OKOYE DIRECTOR, K-12 INITIATIVES 40.00
Highest
$147,593 $23,702 $171,295
BRIDGET ANDERSON DIRECTOR, COMMUNITY BUSINE 40.00
Highest
$130,420 $29,360 $159,780
JENNIFER KOSHUTE SENIOR MANAGER, MARKETING 40.00
Highest
$125,920 $16,560 $142,480
KAMNA SETH DIRECTOR, EARLY CHILDHOOD 40.00
Highest
$152,484 $30,842 $183,326
MELISSA HENNING OFFICER 40.00
Highest
$118,495 $11,160 $129,655
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
2024 No data No data No data No data
2023 $10,099,916 $4,707,420 $80,467,494 $5,392,496
2022 $8,026,448 $5,019,390 $69,394,008 $3,007,058
2021 $9,603,490 $3,983,475 $77,116,189 $5,620,015
2020 $7,373,053 $4,112,652 $69,198,317 $3,260,401
2019 $7,051,089 $3,096,128 $61,634,601 $3,954,961
2018 $7,856,910 $3,176,930 $52,364,884 $4,679,980
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