Swift Learning Center INC FY2021 filing

Tax-deductible

Roswell, GA501(c)(3)Since 1998EducationEIN 58-2410129

To prepare children with dyslexia & related language-based learning differences to be successful in life. We will strive to accomplish this mission by teaching them specific learning strategies and by identifying and fully developing their talents. To DO so, we will create an environment that is exciting, challenging, and supportive.

501(c)(3) charity; gifts are tax-deductible.
61¢ of each $1 spent went to programs.
$297K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $671K a year · 10% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$297K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
18 mo
of spending, in cash
Looks good: 18.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $119K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6.5M
59% of total assets
Fine: liabilities are 59% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.2M
-11% vs prior year
Spent
$4.8M
To programs
61%
Net assets
$4.6M
By yearFY2020–FY2025
Revenue
$5.2M
FY2021▼ -11%
Revenue by fiscal year
FY2020$5.8M
FY2021$5.2M
FY2022$6.9M
FY2023$7.0M
FY2024$8.0M
FY2025$6.7M
Expenses
$4.8M
FY2021▼ -9%
Expenses by fiscal year
FY2020$5.3M
FY2021$4.8M
FY2022$5.3M
FY2023$6.2M
FY2024$7.0M
FY2025$6.9M
Net assets
$4.6M
FY2021▲ +9%
Net assets by fiscal year
FY2020$4.2M
FY2021$4.6M
FY2022$6.2M
FY2023$7.0M
FY2024$8.0M
FY2025$7.8M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $2.9M Management & general 39% · $1.9M Fundraising 0% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

16 people listed on the 990; $297K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Associate Head of School - Fin and Ops
$155,715Pt VII · Sec A
Executive Director
$141,080Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Chris Pomar’s $262K as Executive Di is at the 92nd percentile of top reported officer pay among 3395 $1–10M 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 · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Richard Wendlek—————$269,948
Chris Pomar$262,185$252,042$233,455$220,206$141,080—
Paul Foltz—$139,430$196,349$157,762$155,715$153,389
Kathleen Sawyer$143,825$73,558————
Roni Battoglia$107,844$102,403————
Angela Robertson$100,938—————
Melissa Jozefov$100,931—————

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Teaches children with dyslexia learning strategies and develops their talents for lifelong success.

Provided by the organization

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1 program service account for $2.9M of program spending, described in the organization's own filed words · FY2020.
01

Educating children with mild to moderate learning difficulties in reading, spelling, writing, phoneme awareness, and language PROCESSING/EXPRESSION.

$2.9Mprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$119K
Grants paid · 6 grants · $1.1M · 2019–2024
Unitemized GrantFY2024$229,300
Unitemized GrantFY2023$222,100
Unitemized GrantFY2022$214,497
Unitemized GrantFY2021$171,010
Unitemized GrantFY2020$120,043
Unitemized GrantFY2019$149,500

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$5.2M
Ln 12
Fees for servicesLn 2g$4.3M
Gifts and grantsLn 1h$833K
Investment incomeLn 3$13K
Money outPt IX
$4.8M
Ln 25
Programscol B$2.9M
Managementcol C$1.9M
Fundraisingcol D$4K
Owns and owesPt X
$4.6M
net assets · Ln 32
Cash and savingsLn 1–2$7.2M
Total assetsLn 16$11.1M
LiabilitiesLn 26$6.5M
PeoplePt VI, VII
16
listed · VII A
PaidVII A2
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$833K
Government grantsLn 1e$682K
Fees for servicesLn 2g$4.3M
Investment incomeLn 3$13K
Gains on assetsLn 7$2K
Total revenueLn 12$5.2M
Assets in detailPt X, end of year
CashLn 1$7.2M
Cash and savings togetherLn 1–2$7.2M
Land, buildings, equipmentLn 10c$3.8M
Other assetsLn 15$0
Total assetsLn 16$11.1M
LiabilitiesLn 26$6.5M
Net assetsLn 32$4.6M
OperationsPt I, VI
EmployeesI 595
VolunteersI 635
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$5.4M$7.2M
Land, buildings, equipmentLn 10c$3.9M$3.8M
Total assetsLn 16$12.4M$11.1M
LiabilitiesLn 26$8.1M$6.5M
Net assetsLn 32$4.2M$4.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$120K$120K
Pay of current officers, directors and key staffLn 5$476K$476K
Other salaries and wagesLn 7$2.6M$1.6M$932K
Other employee benefitsLn 9$249K$162K$87K
Payroll taxesLn 10$231K$178K$52K
Legal feesLn 11b$10K$10K
Accounting feesLn 11c$27K$27K
Other fees for servicesLn 11g$74K$74K
Advertising and promotionLn 12$23K$23K
InterestLn 20$231K$177K$53K
Depreciation, depletion and amortizationLn 22$208K$172K$35K
InsuranceLn 23$50K$43K$7K
Other expenses (24a–d)Ln 24$444K$344K$96K$4K
All other expensesLn 24e$118K$86K$31K
Total functional expensesLn 25$4.8M$2.9M$1.9M$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6.7M$6.9M−$219K$7.8M 990 PDF
FY2024 $8.0M$7.0M$1.0M$8.0M 990 PDF
FY2023 $7.0M$6.2M$753K$7.0M 990 PDF
FY2022 $6.9M$5.3M$1.6M$6.2M 990 PDF
FY2021 Viewing $5.2M$4.8M$363K$4.6M 990 PDF
FY2020 $5.8M$5.3M$481K$4.2M 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
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $5,175,189 across 8 lines filed
VIII-1b Membership dues$5,684
VIII-1e Government grants$682,130
VIII-1f All other contributions, gifts and grants$145,052
VIII-1h Total contributions, gifts and grants$832,866
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,328,942$4,328,942
VIII-3 Investment incomeExcluded from tax $11,456$11,456
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,925$1,925
VIII-12 Total revenueRelated to mission $4,328,942 · Unrelated business $0 · Excluded from tax $13,381$5,175,189
Part IX · Statement of functional expenses $4,812,168 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $120,043$120,043
IX-5 Pay of current officers, directors and key staffManagement $475,873$475,873
IX-7 Other salaries and wagesPrograms $1,621,870 · Management $931,962$2,553,832
IX-9 Other employee benefitsPrograms $161,586 · Management $87,377$248,963
IX-10 Payroll taxesPrograms $178,483 · Management $52,437$230,920
IX-11b Legal feesManagement $9,721$9,721
IX-11c Accounting feesManagement $27,141$27,141
IX-11g Other fees for servicesManagement $74,029$74,029
IX-12 Advertising and promotionPrograms $22,640$22,640
IX-20 InterestPrograms $177,193 · Management $53,353$230,546
IX-22 Depreciation, depletion and amortizationPrograms $172,269 · Management $35,284$207,553
IX-23 InsurancePrograms $42,733 · Management $6,948$49,681
IX-24 Other expenses (24a–d)Programs $344,442 · Management $95,586 · Fundraising $3,658$443,686
IX-24e All other expensesPrograms $86,374 · Management $31,166$117,540
IX-25 Total functional expensesPrograms $2,927,633 · Management $1,880,877 · Fundraising $3,658$4,812,168
Part X · Balance sheet $11,115,095 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $5,427,877$7,210,473
X-3 Pledges and grants receivableStart of year $144,235$64,009
X-4 Accounts receivableStart of year $22,613$2,463
X-9 Prepaid expenses and deferred chargesStart of year $46,978$43,134
X-10c Land, buildings and equipment, netStart of year $3,932,634$3,795,016
X-15 Other assetsStart of year $2,788,415$0
X-16 Total assetsStart of year $12,362,752$11,115,095
X-17 Accounts payable and accrued expensesStart of year $223,312$203,699
X-19 Deferred revenueStart of year $1,759,042$2,772,020
X-25 Other liabilitiesStart of year $1,106,389$370,747
X-26 Total liabilitiesStart of year $8,122,541$6,511,863
X-27 Net assets without donor restrictionsStart of year $4,174,820$4,540,100
X-28 Net assets with donor restrictionsStart of year $65,391$63,132
X-32 Total net assets or fund balancesStart of year $4,240,211$4,603,232
X-33 Total liabilities and net assetsStart of year $12,362,752$11,115,095
Part XI · Reconciliation of net assets $4,603,232 net assets at year end
XI-1 Total revenue$5,175,189
XI-2 Total expenses$4,812,168
XI-3 Revenue less expenses$363,021
XI-4 Net assets at start of year$4,240,211
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,603,232

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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