Edadvance
- Assets
- $20.5m
- Revenue
- $33.7m
- Investments
- $0.0
- Employees
- 741
- Location
- Litchfield, CT
- Founding
- 04/1970
- Data as of
- 06/2021
- 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 06/2021, Edadvance employed 741 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 06/2021, Edadvance generated $33.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $32.0m during the year ending 06/2021. While expenses have increased by 4.1% 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
2021
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 |
|---|---|---|---|
Jeffrey Kitching Executive Director | Officer | 40 | $232,071 |
Richard Carmelich Chief Operations Officer | 40 | $155,564 | |
Jonathan Costa Assistant Exexcutive Direc | 40 | $153,526 | |
Tracey Lay Chief Talent & Development Officer | 40 | $137,295 | |
Jennifer Douglas Special Education Access S | 40 | $136,782 | |
Jennifer Mccormick Director Of Behavioral Services | 40 | $133,436 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Birch Group Llc Nsf Grant Management | 6/29/21 | $136,057 |
Premier Building Associates Llc Renovation Project Plymouth | 6/29/21 | $101,945 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,759,269 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,423 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,760,692 |
| Total Program Service Revenue | $19,969,887 |
| Investment income | $17,081 |
| 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 | $33,747,660 |
| 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. | $339,616 |
| Compensation of current officers, directors, key employees. | $339,616 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,068,250 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,832,881 |
| Payroll taxes | $1,353,844 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $117,451 |
| Fees for services: Accounting | $48,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,401,836 |
| Advertising and promotion | $5,479 |
| Office expenses | $35,801 |
| Information technology | $128,470 |
| Royalties | $0 |
| Occupancy | $388,162 |
| Travel | $79,290 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,206 |
| Interest | $134,812 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $749,965 |
| Insurance | $333,949 |
| All other expenses | $777,639 |
| Total functional expenses | $32,026,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,147,435 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,171,232 |
| 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 | $13,839 |
| Net Land, buildings, and equipment | $7,136,634 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,120 |
| Total assets | $20,506,260 |
| Accounts payable and accrued expenses | $2,737,243 |
| Grants payable | $0 |
| Deferred revenue | $790,825 |
| 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 | $7,507,807 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $54,577 |
| Total liabilities | $11,090,452 |
| Net assets without donor restrictions | $9,382,551 |
| 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 | $20,506,260 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Edadvance has recieved totaling $158,886.
| Awarding Organization | Amount |
|---|---|
Northwest Connecticut Community Foundation Inc Torrington, CT PURPOSE: Program Support | $81,500 |
North American Association For Environmental Education Washington, DC PURPOSE: ENVIRONMENTAL EDUCATION PROJECTS | $38,016 |
The Berkshire Taconic Community Foundation Inc Sheffield, MA PURPOSE: FOR NW CT CHILDCARE INITIATIVE | $20,000 |
National Association Of Police Athletic Activities Leagues Inc Charlotte, NC PURPOSE: EDADVANCE PAL 2021 | $16,370 |
Thomston Savings Bank Foundation Inc Thomaston, CT PURPOSE: TO ASSIST IN FUNDING TRAINING PROGRAMS FOR PARENTS TO LEARN STRATEGIES TO CREATE SAFE AND SUPPORTIVE ENVIRONMENTS FOR THEIR FAMILIES. | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harvard Management Company Inc Boston, MA | $91,623,486 | $110,703,172 |
American Management Association Int New York, NY | $77,149,210 | $37,409,276 |
Edadvance Litchfield, CT | $20,506,260 | $33,747,660 |
University At Buffalo Surgeons Inc Buffalo, NY | $17,240,216 | $29,546,953 |
New Classrooms Innovation Partners Inc New York, NY | $17,880,577 | $14,247,177 |
Ub Associates Inc Buffalo, NY | $9,112,520 | $9,705,784 |
College Association At Delhi Inc Delhi, NY | $7,817,922 | $8,398,682 |
Bes Inc Boston, MA | $9,472,977 | $7,138,485 |
Public Preparatory Network Inc Bronx, NY | $2,858,866 | $7,875,769 |
Nellco Law Library Consortium Inc Albany, NY | $1,891,684 | $4,822,590 |
Council For Aid To Education Inc New York, NY | $2,451,648 | $5,084,606 |
Capital Preparatory Schools Incorporated Bridgeport, CT | $4,972,601 | $3,901,459 |