Edadvance
- Assets
- $21.0m
- Revenue
- $37.0m
- Investments
- $0.0
- Employees
- 742
- Location
- Litchfield, CT
- Founding
- 04/1970
- Data as of
- 06/2022
- EIN
- 06-0842189
Organization Overview
Edadvance is located in Litchfield, CT. The organization was established in 1970. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 06/2022, Edadvance employed 742 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edadvance is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Edadvance generated $37.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $35.8m during the year ending 06/2022. While expenses have increased by 5.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
REGIONAL EDUCATIONAL SERVICE CENTER PROVIDING EDUCATIONAL TRAINING AND RELATED SERVICES TO 30 MEMBER SCHOOL DISTRICTS AND THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL LEARNING SERVICES TO BENEFIT CHILDREN AND THE MEMBER SCHOOL DISTRICTS THAT SERVE THEM INCLUDING TEACHER AND ADMINISTRATOR TRAINING, CURRICULUM DEVELOPMENT AND FACILITATION.
EARLY CHILDHOOD SERVICES INCLUDING A FEDERAL HEADSTART PROGRAM, EARLY INTERVENTION PROGRAMS AND SCHOOL AGE CHILD CARE.
PROGRAM SERVICES TO MEMBER SCHOOL DISTRICTS INCLUDING TRANSPORTATION OF SPECIAL NEEDS CHILDREN AND FOOD SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Kissko President | OfficerTrustee | 0.5 | $0 |
Lynn Stone Vice President | OfficerTrustee | 0.5 | $0 |
Deborah Bell Secretary | OfficerTrustee | 0.5 | $0 |
Kate Conetta Treasurer | OfficerTrustee | 0.5 | $0 |
Dominic Cipollone Director | Trustee | 0.5 | $0 |
Sarah Robichaud Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Family Strides Inc Subrecipients | 6/29/22 | $551,124 |
Rar Excavating Llc Excavation | 6/29/22 | $197,200 |
Premier Building Associates Llc Construction | 6/29/22 | $341,084 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,646,936 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,651,936 |
| Total Program Service Revenue | $22,310,112 |
| Investment income | $16,066 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,978,114 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $391,949 |
| Compensation of current officers, directors, key employees. | $391,949 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,318,366 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,383,216 |
| Payroll taxes | $1,229,167 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,849 |
| Fees for services: Accounting | $45,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,433,297 |
| Advertising and promotion | $2,502 |
| Office expenses | $47,225 |
| Information technology | $204,032 |
| Royalties | $0 |
| Occupancy | $522,778 |
| Travel | $177,190 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,791 |
| Interest | $133,288 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $646,232 |
| Insurance | $301,403 |
| All other expenses | $1,026,417 |
| Total functional expenses | $35,784,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,950 |
| Savings and temporary cash investments | $10,618,527 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,437,919 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,852 |
| Net Land, buildings, and equipment | $6,917,622 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,718 |
| Total assets | $21,022,588 |
| Accounts payable and accrued expenses | $2,614,460 |
| Grants payable | $0 |
| Deferred revenue | $1,336,139 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,462,098 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,412,697 |
| Net assets without donor restrictions | $10,576,634 |
| Net assets with donor restrictions | $33,257 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $21,022,588 |