Foundation for Learning in Tredyffrin Easttown

What it reported doing in 2024

Flite also supports the following programs and needs of students: preschool tuition assistance: flite partners with local pre-schools to provide scholarships to 21 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.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. 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 t/e libraries 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. Tredyffrin library steam: partners with the tredyffrin library to fund makerspace supplies and stem kits. Provides access to steam programs.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 99%; rating input score 99
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 92.3%; rating input score 92; 22nd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 98.2%; rating input score 98; 58th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 4 of 7 controls in place; rating input score 57
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -16.4%; rating input score 17; 17th percentile among comparable filings
• Total-asset coverage ratio: 2.68; rating input score 66; 66th percentile among comparable filings
• Liabilities to assets ratio: 0.09; rating input score 27; 27th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

• Program expense growth: 4.3% per year; rating input score 100; 51st percentile among comparable filings
• Revenue growth: 4.2% per year; rating input score 100; 48th percentile among comparable filings
• Asset growth: 9.4% per year; rating input score 100; 64th percentile among comparable filings