I2 Learning Foundation INC EIN 82-2141691 Form 990 (PDF) Claim this org

I2 Learning Foundation INC FY2021 filing

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Provides STEM educational programs to students, partnering with schools to implement them in classrooms. For fiscal year 2021 it reported $2.2M in revenue, $1.9M in expenses, and $2.3M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Brewster, NY
Website
i2learning.org
Filings
5 on file (2020–2021)
Revenue
$2.2MFY2021
Expenses
$1.9M
Net assets
$2.3M
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  82-2141691 Public charity (501(c)(3)) Brewster, NY
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Provides STEM educational programs to students, partnering with schools to implement them in classrooms.
Leadership
Ethan Berman · President and Treasurer
Money in and out
$2.2M revenue, $1.9M expenses
Bottom line
94% program efficiency
Where the money goes · FY2021
Total revenue
$2.2M
Pt VIII · Ln 12
Total expenses
$1.9M
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $276K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.05 Fundraising $0.01
Program efficiency
94%
of spending reaches programs
Operating runway
13.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+12%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$2.2M
FY2021▼ -8%
Expenses
$1.9M
FY2021▲ +47%
Total assets
$2.3M
FY2021▲ +11%
Total liabilities
$27K
FY2021▼ -65%
Total revenue
$2.2M
Pt VIII · Ln 12
Total expenses
$1.9M
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$276K
Total assetsPt X · Ln 16$2.3M
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CI2 Learning Foundation INC
EINHdr · item D82-2141691
Principal addressHdr · item CBrewster, NY
WebsiteHdr · item Ji2learning.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B12)
Ruling yearIRS BMFApr 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President and Treasurer
$0Pt VII · Sec A
Corporate Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Jeffrey C Riley’s $175K as Board Member is at the 97th percentile of top reported officer pay among 1616 $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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022
Jeffrey C Riley$175,000
Vicky Vlantis$68,750$60,000
Vicky Vlantis$62,410

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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Mission & Programs · Part III

Where the work happens

3 program services account for $1.8M of program spending, described in the organization's own filed words · FY2021.
01

Curriculam Development and Course Kits

i2 Learning has partnered with over 20 of the world's leading STEM organizations to develop 60 unique hands-on STEM courses. All courses are 20-25 hours of hands-on, project-based curriculum, designed to be taught over the course of a week.

$1.3Mprogram expense
02

Massachusetts Stem Week

The Foundation conducts STEM Week programs for the schools located in the state of Massachussets and City of Boston. The Foundation develops immersive project-based science, technology, engineering and math (STEM) programs for middle school students with the intent of increasing the number of students, especially girls and other…

$468Kprogram expense
03

General STEM program ; The foundation develops programs in conjunction with educational institutions and helps implement them in classroom settings. These programs will focus on science, technology, engineering and math (STEM) topics.

$43Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$2.1M · 95%
Program service revenue$110K · 5%
Contributions & grants95%$2.1M
Program service revenue5%$110K
Investment income$1K
Total revenueLn 12$2.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.05 Fundraising $0.01
Program services94%$1.8M
Management & general5%$94K
Fundraising1%$15K
Total functional expensesLn 25$1.9M

Balance Sheet

Part X · end of year
CashLn 1$2.2M
Total assetsLn 16$2.3M
Total liabilitiesLn 26$27K
Total net assetsLn 32$2.3M
Months of cash on handcomputed13.7

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.2M · Operating expenses/yr $1.9M
13.7 months
Where the money goes
Program services
Program services $1.8M · Total expenses $1.9M
94%
Management & General
Management & general $94K · Total expenses $1.9M
5%
Fundraising
Fundraising $15K · Total expenses $1.9M
0.8%
Cost to raise $1
Fundraising expense (2-yr avg) $25K · Solicited contributions (2-yr avg) $2.2M
$0.01 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $2.1M · Total revenue $2.2M
95%
Government reliance
Government grants — · Total revenue $2.2M
Earned-income share
Program service revenue $110K · Total revenue $2.2M
5%
Investment reliance
Investment income $1K · Total revenue $2.2M
+0.05%
Program self-sufficiency
Program service revenue $110K · Total expenses $1.9M
6%
Growth & trend
Revenue growth (YoY)
This year $2.2M · Prior year $2.4M
-8%
Net-asset trend (YoY)
End of year $2.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.2M · Expenses $1.9M
+12%
Liabilities-to-Assets
Total liabilities — · Total assets $2.3M
Net-asset ratio
Net assets $2.3M · Total assets $2.3M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.3M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Ethan Berman · Reported title President and Treasurer · Highest reported compensation $0 · Total expenses $1.9M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $525K · Total expenses $1.9M
27%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 5%
Fundraising cost ratio 0.7%
Revenue growth -8%
Accounting fee ratio 1%

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.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$500K
Grants paid · 1 grant · $300K · 2022–2022
Attleboro Public SchoolFY2022$300,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$905K revenue · ⤓ 990 PDF
FY2023$619K revenue · ⤓ 990 PDF
FY2022$368K revenue · ⤓ 990 PDF
FY2021$2.2M revenue · viewing · ⤓ 990 PDF
FY2020$2.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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