Education For Change
- Assets
- $51.8m
- Revenue
- $56.6m
- Investments
- $0.0
- Employees
- 573
- Location
- Oakland, CA
- Founding
- 04/2006
- Data as of
- 06/2022
- EIN
- 20-2204424
Organization Overview
Education For Change is located in Oakland, CA. The organization was established in 2006. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Education For Change employed 573 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Education For Change 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, Education For Change generated $56.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $47.5m during the year ending 06/2022. While expenses have increased by 5.8% per year over the past 7 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
PROVIDE SUPERIOR PUBLIC EDUCATION TO OAKLAND'S MOST UNDERSERVED CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL PROVIDES A RIGOROUS EDUCATIONAL PROGRAM THAT EMPHASIZES THE DEVELOPMENT OF BASIC SKILLS: READING, WRITING, SPEAKING AND COMPUTATION, DEVELOPMENT OF PROBLEM SOLVING SKILLS AND GLOBAL PERSPECTIVE. SERVED APPROXIMATELY 2,400 STUDENTS, WITH 177 INSTRUCTIONAL DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Driver Board Chair | OfficerTrustee | 1.5 | $0 |
Eva Camp Board Vice President | OfficerTrustee | 0.5 | $0 |
Dirk Tillotson Member (deceased 2022) | Trustee | 0.25 | $0 |
Damon Grant Member | Trustee | 0.25 | $0 |
Mike Barr Member | Trustee | 0.25 | $0 |
Leroy Gaines Member | Trustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Be Glad Professional Development - Language | 6/29/22 | $239,560 |
Oakland Leaf After-school Program | 6/29/22 | $221,110 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $53,437,527 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,393,386 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,830,913 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,212 |
| Net Gain/Loss on Asset Sales | -$1,275,637 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $56,586,488 |
| 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. | $451,286 |
| Compensation of current officers, directors, key employees. | $120,641 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,304,216 |
| Pension plan accruals and contributions | $4,087,758 |
| Other employee benefits | $2,849,320 |
| Payroll taxes | $1,022,718 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $294,647 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,457,186 |
| Advertising and promotion | $22,644 |
| Office expenses | $457,433 |
| Information technology | $67,322 |
| Royalties | $0 |
| Occupancy | $2,841,167 |
| Travel | $434,272 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $80,058 |
| Interest | $375,532 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $593,813 |
| Insurance | $169,712 |
| All other expenses | $259,206 |
| Total functional expenses | $47,532,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,118,304 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,896,934 |
| Accounts receivable, net | $22,228 |
| 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 | $37,768 |
| Net Land, buildings, and equipment | $41,768,299 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $51,843,533 |
| Accounts payable and accrued expenses | $8,130,911 |
| Grants payable | $0 |
| Deferred revenue | $563,078 |
| 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 | $7,009,050 |
| Other liabilities | $9,008,691 |
| Total liabilities | $24,711,730 |
| Net assets without donor restrictions | $27,131,803 |
| Net assets with donor restrictions | $0 |
| 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 | $51,843,533 |