The Source for Learning Inc
Nonprofit profile at a glance
- EIN
- 521279689
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Reston, VA, USA
- Phone
- 7038609200
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Television
Reported finances
- Revenue
- $11,344,312
- Expenses
- $4,978,668
- Assets
- $89,084,772
- Liabilities
- $2,434,791
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- LYNN M REJNIAK (PRESIDENT/CEO)
Highest reported compensation
- LYNN M REJNIAK (PRESIDENT/CEO): $346,853 total reported compensation
- THOMAS KING (CHIEF INFORMATION OFFICER): $210,711 total reported compensation
- KAMNA SETH (DIRECTOR, EARLY CHILDHOOD): $184,674 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 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.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Other-operating. 60% of the money available for current operations came from other operating revenue.
- 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 55
- Transparency & Controls: 74
- Accountability: 86
- Sustainability: 83
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 46.4%; rating input score 46
- Program expense ratio: 71.8%; rating input score 72
- Fundraising efficiency: $12.66 raised per $1 spent on fundraising; rating input score 45; 45th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- 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: 91.7%; rating input score 92; 24th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 56.1%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 17.89; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 88; 88th percentile among comparable filings
- Officer compensation ratio: 28.3%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: 4.2% per year; rating input score 100; 35th percentile among comparable filings
- Revenue growth: 5.5% per year; rating input score 100; 48th percentile among comparable filings
- Asset growth: 9.5% per year; rating input score 100; 63rd percentile among comparable filings
Details
- Where the money goes: 46.4% of revenue deployed · 71.8% of spending went to programs
- Governance: 11 of 12 board members independent · 7 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $3.6M in reported program spending
- Leadership: top reported pay $347K · 18 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $150K reported
- Consistency: 32 of 32 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 2 filed related-organization links
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 46/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 45/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Officer compensation ratio scored 2/100.