Concepts for Adaptive Learning INC FY2024 filing

New Haven, CT · Public charity (501(c)(3)) · Since 2001 · Education

✓ Tax-deductible Latest data FY2024
Revenue
$276K
▲ +22% vs prior year
Spent
$254K
To programs
62%
Net assets
$153K
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending June 2024 (IRS tax year 2023).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — Oechsle Family Foundation INC
$40K in the latest grant year.
Spent on programs?
62% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +22% vs prior year
Legal name (IRS)Hdr · item CConcepts for Adaptive Learning INC
EINHdr · item D06-1623641
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFAug 2001
Year of formationHdr · item L2001
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CNew Haven, CT
NTEE classificationIRS BMFEducation (B02)

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.62 Management & general $0.38 Fundraising $0.00
Program services62%$157K
Management & general38%$97K
Fundraising$1K
Total functional expensesLn 25$254K

Financial health

Revenue & expenses by yearFY2020–FY2024
Revenue
$276K
FY2024▲ +22%
Expenses
$254K
FY2024▲ +21%
Program efficiency
62%
of spending reaches programs
Operating runway
7.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+8%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$154K
FY2024▲ +17%
Total liabilities
$968
FY2024▲ +568%
Revenue less expensesPt I · Ln 19$22K
Total assetsPt X · Ln 16$154K
Program-expense ratioPt IX · col B62%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Balance Sheet

Part X · end of year
CashLn 1$154K
Total assetsLn 16$154K
Total liabilitiesLn 26$968
Total net assetsLn 32$153K
Months of cash on handcomputed7.3

Statement of Revenue

Part VIII
Contributions & grants$193K · 70%
Program service revenue$80K · 29%
Investment income$3K · 1%
Contributions & grants70%$193K
Program service revenue29%$80K
Investment income1%$3K
Other revenue$532
Total revenueLn 12$276K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $154K · Operating expenses/yr $254K
7.3 months
Where the money goes
Program services
Program services $157K · Total expenses $254K
62%
Management & General
Management & general $97K · Total expenses $254K
38%
Fundraising
Fundraising $1K · Total expenses $254K
0.4%
Cost to raise $1
Fundraising expense (3-yr avg) $694 · Solicited contributions (3-yr avg) $198K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $193K · Total revenue $276K
70%
Government reliance
Government grants — · Total revenue $276K
—
Earned-income share
Program service revenue $80K · Total revenue $276K
29%
Investment reliance
Investment income $3K · Total revenue $276K
+1%
Program self-sufficiency
Program service revenue $80K · Total expenses $254K
31%
Growth & trend
Revenue growth (YoY)
This year $276K · Prior year $226K
+22%
Net-asset trend (YoY)
End of year $153K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $276K · Expenses $254K
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $154K
—
Net-asset ratio
Net assets $153K · Total assets $154K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $154K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Tesha Tramontano Kelly · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $65K · Total expenses $254K
26%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $220K · Total expenses $254K
87%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 62%——
Overhead ratio 38%——
Fundraising cost ratio 0.5%——
Revenue growth 22%——
Accounting fee ratio 0.5%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$65,000Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Vice Chair & Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director (joined 2024)
$0Pt VII · Sec A
Director (joined 2024)
$0Pt VII · Sec A

Tesha Tramontano Kelly’s $78K as Executive Director is at the 70th percentile of top reported officer pay among 1612 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2021FY2020
Tesha Tramontano Kelly$78,000$65,000$47,237——
Jennifer Ricker——$38,307$38,307$49,625

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Equips urban families with technology skills for digital society success.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $157K of program spending, described in the organization's own filed words · FY2023.
01

Adult programming-all our adult programs are FREE.INTRODUCTION to computers - 4 half-day, in-person programs for adults to learn basic computer use including introductions to word, excel, canva, powerpoint, resume building and workforce development.

$90Kprogram expense
02

Youth programming-in partnership with local youth programs, cfal offers afterschool and summer programming. Participants learn building and coding robots, photo editing and more. High school aged youth have the opportunity to refurbish their own computers. All our youth technology programs are free.

$65Kprogram expense
03

The affordable connectivity program (acp) is a federal funded program that helps people pay for their internet service. This program was managed by the FCC. Cfal was a subcontractor with the city of new haven. The contract was scheduled to run for two years, but the government chose not to continue to fund the acp.

$2Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$40K

Filing history

YearRevenueExpensesChangeFiling
FY2024 Viewing $276K$254K+22% 990 PDF
FY2023 $226K$210K+66% 990 PDF
FY2022 Not on file
FY2021 $136K$230K-20% 990 PDF
FY2020 $170K$171K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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