Education Resource Strategies Inc
- Assets
- $16.9m
- Revenue
- $10.1m
- Investments
- $0.0
- Employees
- 79
- Location
- Watertown, MA
- Founding
- 03/2005
- Data as of
- 12/2021
- EIN
- 20-1978102
Organization Overview
Education Resource Strategies Inc is located in Watertown, MA. The organization was established in 2005. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Education Resource Strategies Inc employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Education Resource Strategies Inc 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 12/2021, Education Resource Strategies Inc generated $10.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $10.6m during the year ending 12/2021. 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
DEDICATED TO TRANSFORMING URBAN SCHOOL SYSTEMS BY HELPING LEADERS STRATEGICALLY USE RESOURCES TO DRAMATICALLY IMPROVE STUDENT LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSULTING:ERS' GOAL IS TO CHANGE THE WAY TIME, PEOPLE AND MONEY ARE USED IN URBAN EDUCATION SO THAT ALL STUDENTS RECEIVE THE SUPPORT THEY NEED TO SUCCEED. WE WORK WITH LARGE URBAN SCHOOL SYSTEMS TO TRANSFORM THEIR RESOURCE USE TO DRAMATICALLY IMPROVE STUDENT LEARNING. ERS HAS DEVELOPED A VISION FOR HOW SCHOOLS CAN STRATEGICALLY MANAGE THEIR RESOURCES TO SUPPORT STUDENTS, AND HOW SCHOOL SYSTEMS CAN ORGANIZE TO SUPPORT SCHOOLS IN THESE EFFORTS. WE WORK HAND-IN-HAND WITH DISTRICTS TO IMPLEMENT SOLUTIONS THAT ENABLE SCHOOL SYSTEMS TO REALIZE THIS TRANSFORMATION. IN ADDITION, WE HAVE BEGUN WORKING WITH STATES AROUND ON HOW THEY CAN SUPPORT THEIR DISTRICTS IN TRANSFORMATION.
FIELD BUILDINGKNOWLEDGE AND RESEARCH:ERS IS THE ONLY ORGANIZATION WITH MORE THAN 10 YEARS' EXPERIENCE WORKING WITH THE LARGEST URBAN SCHOOL SYSTEMS IN THE COUNTRY IN THE AREA OF STRATEGIC RESOURCE ALLOCATION. WE HAVE WORKED WITH MORE THAN 20 SCHOOL SYSTEMS NATIONWIDE TO INTRODUCE INNOVATIVE AND EFFECTIVE SOLUTIONS. ERS IS COMMITTED TO DISSEMINATING THE KNOWLEDGE GAINED FROM OUR EXPERIENCE AND RESEARCH BY PROVIDING INFORMATION DIRECTLY TO DISTRICT LEADERS, PARTNERING WITH NATIONAL ORGANIZATIONS TO GET THE WORD OUT, AND CONVENING THOUGHT LEADERS AND PRACTITIONERS.TOOLS AND TRAINING:ERS HAS DEVELOPED A COLLECTION OF RESOURCES AND TOOLS TO AID DISTRICTS AND SCHOOLS TO IDENTIFY AREAS OF UNINTENTIONAL "MISALIGNMENT', WHERE SPENDING PATTERNS DO NOT ACTUALLY SUPPORT STRATEGIC GOALS THAT WILL LEAD TO HIGH PERFORMING SCHOOLS. VARIOUS TOOLS ARE AVAILABLE TO SUPPORT DISTRICT LEADERS IN BOTH GETTING A QUICK OVERVIEW OF RESOURCE ALLOCATION CHALLENGES AND IN CONDUCTING IN-DEPTH ANALYSIS USING ACTUAL DISTRICT AND SCHOOL-LEVEL DATA. SOME ARE AVAILABLE TO DOWNLOAD FROM THE ERS WEBSITE AT NO COSTS. IN ADDITION, ERS IS BEGINNING TO OFFER DIRECT SUPPORT TO HELP SCHOOL AND DISTRICT LEADERS, AND THOSE WHO SUPPORT THEM, TO MAKE EFFECTIVE USE OF OUR TOOLS TO CREATE LOCAL CHANGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Travers Managing Partner | Officer | 45 | $243,486 |
David Rosenberg Partner | Officer | 45 | $228,186 |
Karen H Miles President & CEO | Officer | 32 | $216,268 |
Betty Chang Partner | Officer | 45 | $182,410 |
Kristan Singleton Director, Tools & Training | Officer | 45 | $168,174 |
Laura Schick Manager | Officer | 45 | $167,247 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Green River Data Analysis Llc Software Development | 12/30/21 | $306,420 |
Education First Consulting Llc Program Consulting | 12/30/21 | $206,500 |
Russell Reynolds Associates Inc Recruiting Services | 12/30/21 | $166,050 |
Advizex Technologies Llc Technology Infrastructure | 12/30/21 | $159,103 |
Fourpoint Education Partners Program Consulting | 12/30/21 | $120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,480,649 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,480,649 |
| Total Program Service Revenue | $5,299,715 |
| Investment income | $291,977 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,282 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,099,352 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200,000 |
| 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. | $1,690,744 |
| Compensation of current officers, directors, key employees. | $222,596 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,994,497 |
| Pension plan accruals and contributions | $118,589 |
| Other employee benefits | $380,299 |
| Payroll taxes | $465,404 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,525 |
| Fees for services: Lobbying | $2,610 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,086,218 |
| Advertising and promotion | $0 |
| Office expenses | $451,898 |
| Information technology | $49,755 |
| Royalties | $0 |
| Occupancy | $558,005 |
| Travel | $24,663 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $371,731 |
| Insurance | $31,595 |
| All other expenses | $0 |
| Total functional expenses | $10,568,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $956,711 |
| Savings and temporary cash investments | $9,283 |
| Pledges and grants receivable | $337,500 |
| Accounts receivable, net | $1,499,270 |
| 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 | $215,790 |
| Net Land, buildings, and equipment | $766,976 |
| Investments—publicly traded securities | $12,988,370 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $88,000 |
| Total assets | $16,861,900 |
| Accounts payable and accrued expenses | $515,932 |
| Grants payable | $0 |
| Deferred revenue | $519,482 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,035,414 |
| Net assets without donor restrictions | $12,379,528 |
| Net assets with donor restrictions | $3,446,958 |
| 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 | $16,861,900 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Education Resource Strategies Inc has recieved totaling $3,257,000.
| Awarding Organization | Amount |
|---|---|
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: K-12 EDUCATION | $817,540 |
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: K-12 EDUCATION | $682,460 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR ASSISTANCE TO SCHOOL DISTRICTS DURING COVID-19 RECOVERY | $500,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR ASSISTANCE TO SCHOOL DISTRICTS DURING COVID-19 RECOVERY | $500,000 |
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: K-12 EDUCATION | $235,000 |
Michael & Susan Dell Foundation Austin, TX PURPOSE: DISTRICT CFO STRATEGY NETWORK - STRATEGICALLY NAVIGATING CORONAVIRUS BUDGET IMPACTS | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amsterdam House Continuing Care Retirement Community Inc Port Washington, NY | $223,728,704 | $36,044,280 |
Sponsors For Educational Opportunity Inc New York, NY | $71,324,699 | $43,724,114 |
The Achievement Network Ltd Boston, MA | $23,559,572 | $30,118,976 |
Leadership For Educational Equity New York, NY | $8,736,194 | $32,582,451 |
Foundation For City College New York, NY | $332,549,861 | $102,453,904 |
Saga Innovations Framingham, MA | $30,229,601 | $39,236,690 |
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |
Workforce Outsource Services Inc Uniondale, NY | $10,340,814 | $13,464,902 |
North Star Academy Foundation Inc New York, NY | $177,913,521 | $11,304,915 |
Hyde Leadership Charter School-Brooklyn Brooklyn, NY | $3,932,564 | $12,878,236 |