I2 Learning Foundation Inc

Nonprofit profile at a glance

EIN
822141691
IRS 990 coverage
2018–2024
Forms available
Form 990 2024, Form 990-EZ 2017
Location
Brewster, NY, USA
Phone
6466502900
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution

Reported finances

Revenue
$904,938
Expenses
$840,574
Assets
$1,863,935
Liabilities
$24,230

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • ETHAN BERMAN (President)
  • STACIA REIDY-MACNAUGHT (Vice President)

Highest reported compensation

  • JEFFREY C RILEY (Board Member): $176,131 total reported compensation
  • VICKY VLANTIS (Secretary): $82,781 total reported compensation
  • ETHAN BERMAN (President): $66,916 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide educational programs to students. The Organization will develop theseprograms in conjunction with educational institutions and help implement them in classroom settings. The Organization's programs will focus on science, technology, engineering and math (STEM) topics and artificial intelligence as these are becoming increasingly important in todays world and these programs will enable students to pursue careers in these fields.

What it reported doing in 2024

Day of AI is a free, hands-on curriculum of lessons and activities designed to introduce K-12 students to artificial intelligence (AI) and how it shapes their lives. The Day of AI curriculum was developed by a team of researchers at MIT RAISE, and designed to be taught by educators with little or no technology background. These resources are free, Creative Commons-licensed, and made to be accessible to students of all backgrounds and abilities.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 65
  • Accountability: 52
  • Sustainability: 54
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 81%; rating input score 81
  • Program expense ratio: 85.4%; rating input score 85
  • Fundraising efficiency: $5.98 raised per $1 spent on fundraising; rating input score 22; 22nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 50%; rating input score 50; 11th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 7.1%; rating input score 55; 55th percentile among comparable filings
  • Total-asset coverage ratio: 2.22; rating input score 67; 67th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 67; 67th percentile among comparable filings
  • Officer compensation ratio: 38.8%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: -13.5% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -5.8% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: 15.7% per year; rating input score 100; 74th percentile among comparable filings

Details

  • Where the money goes: 81% of revenue deployed · 85.4% of spending went to programs
  • Governance: 2 of 4 board members independent · 5 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $718K in reported program spending
  • Leadership: top reported pay $176K · 7 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 23 of 23 current checks pass
  • Schedules: 4 filed schedules · includes major donors and executive pay
  • Filing history: 6 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Independent voting board scored 50/100.
  • Review — Accountability: Governance controls: 4 of 9 not reported.
  • High — Financial Efficiency: Fundraising efficiency scored 22/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Operating margin scored 55/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.