The Broad Center
- Assets
- $3.8m
- Revenue
- $10.1m
- Investments
- $676.3k
- Employees
- 20
- Location
- Los Angeles, CA
- Founding
- 09/2006
- Data as of
- 12/2020
- EIN
- 20-2692176
Organization Overview
The Broad Center is located in Los Angeles, CA. The organization was established in 2006. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2021, Broad Center employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broad Center 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 12/2020, Broad Center generated $10.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $9.1m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Broad Center has awarded 323 individual grants totaling $11,129,788. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO RAISE STUDENT ACHIEVEMENT BY RECRUITING, TRAINING AND SUPPORTING LEADERSHIP TALENT FROM ACROSS AMERICA TO TRANSFORM URBAN SCHOOL SYSTEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BROAD RESIDENCY IS A LEADERSHIP DEVELOPMENT PROGRAM THAT TRAINS EMERGING LEADERS FOR SENIOR MANAGEMENT POSITIONS IN LARGE URBAN SCHOOL SYSTEMS IN ADDITION TO PLACING QUALIFIED PARTICIPANTS INTO FULL-TIME HIGH-LEVEL MANAGERIAL POSITIONS IN SCHOOL DISTRICTS, CHARTER MANAGEMENT ORGANIZATIONS, AND FEDERAL/STATE DEPARTMENTS OF EDUCATION. THE ORGANIZATION PROVIDES GRANTS TO HELP THESE SYSTEMS COMPENSATE THE RESIDENTS FOR ON-THE-JOB TRAINING.
ALUMNI & NETWORK IMPACT IS A PROGRAM THAT HAS EMERGED FROM BOTH THE BROAD RESIDENCY AND THE BROAD ACADEMY TO PROVIDE SERVICES DESIGNED TO STRENGTHEN AND LEVERAGE THE CENTER'S GROWING NETWORK OF PARTICIPANTS AND ALUMNI. ALUMNI & NETWORK IMPACT PROVIDES CAREER COACHING AND SERVICES TO HELP PARTICIPANTS AND ALUMNI FIND LEADERSHIP ROLES IN EDUCATION, PROVIDES SUPPORT SERVICES TO PARTICIPANTS AND ALUMNI WHEN THEY TAKE ON KEY LEADERSHIP ROLES, FACILITATES KNOWLEDGE AND BEST PRACTICE SHARING ACROSS THE NETWORK, ORGANIZES ALUMNI REUNIONS AND FUNCTIONAL AREA GATHERINGS, AND HELPS LEVERAGE THE NETWORK TO ADVANCE REFORMS NATIONALLY.
THE BROAD ACADEMY IS AN ADVANCED DEVELOPMENT PROGRAM THAT IDENTIFIES AND PREPARES EXPERIENCED LEADERS TO SUCCESSFULLY TRANSFORM URBAN PUBLIC EDUCATION SYSTEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Becca Bracy Executive Director | OfficerTrustee | 40 | $480,000 |
Chaka A Booker Managing Director (part Year) | Officer | 40 | $405,000 |
Andrew L Stern Director, Chair | OfficerTrustee | 1 | $0 |
Gerun Riley Treasurer, Secretary | OfficerTrustee | 1 | $0 |
Barry Munitz Director (part Year) | Trustee | 1 | $0 |
Fidel Vargas Director (part Year) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Family Office Financial Services Llc Finance,acctg,tax,hr,it&pr | 12/30/19 | $741,385 |
People 20 North America Temporary Personnel | 12/30/19 | $103,910 |
Bellwether Education Partners Recruiting, Consulting | 12/30/19 | $211,485 |
Alma Advisory Group Llc Recruiting, Consulting | 12/30/19 | $136,817 |
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 | $10,000,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,000,000 |
| Total Program Service Revenue | $0 |
| Investment income | $7,209 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $69,652 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,084,361 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,102,641 |
| 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. | $662,378 |
| Compensation of current officers, directors, key employees. | $357,081 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,354,769 |
| Pension plan accruals and contributions | $222,661 |
| Other employee benefits | $190,797 |
| Payroll taxes | $268,992 |
| Fees for services: Management | $680,073 |
| Fees for services: Legal | $52,439 |
| 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 | $653,524 |
| Advertising and promotion | $0 |
| Office expenses | $54,336 |
| Information technology | $163,700 |
| Royalties | $0 |
| Occupancy | $762,796 |
| Travel | $0 |
| 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 | $60,803 |
| Insurance | $38,085 |
| All other expenses | $26 |
| Total functional expenses | $9,089,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,053 |
| Savings and temporary cash investments | $2,950,817 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42 |
| 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 | $106,610 |
| Net Land, buildings, and equipment | $1,835 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $676,276 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,813,633 |
| Accounts payable and accrued expenses | $334,843 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $110,211 |
| Total liabilities | $445,054 |
| Net assets without donor restrictions | $3,368,579 |
| 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 | $3,813,633 |
Grants Awarded
Over the last fiscal year, The Broad Center has awarded $375,793 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVEMENT FIRST INC PURPOSE: FUNDING FOR HIGH LEVEL MANAGERIAL SUPPORT FOR K-12 SCHOOL SYSTEMS | $10,000 |
ATLANTA PUBLIC SCHOOLS PURPOSE: FUNDING FOR HIGH LEVEL MANAGERIAL SUPPORT FOR K-12 SCHOOL SYSTEMS | $9,000 |
CHARLOTTE MECKLENBURG SCHOOLS PURPOSE: FUNDING FOR HIGH LEVEL MANAGERIAL SUPPORT FOR K-12 SCHOOL SYSTEMS | $27,000 |
CHICAGO PUBLIC SCHOOLS PURPOSE: FUNDING FOR HIGH LEVEL MANAGERIAL SUPPORT FOR K-12 SCHOOL SYSTEMS | $19,500 |
DENVER SCHOOL OF SCIENCE & TECHNOLOGY INC PURPOSE: FUNDING FOR HIGH LEVEL MANAGERIAL SUPPORT FOR K-12 SCHOOL SYSTEMS | $18,000 |
HENRY COUNTY SCHOOLS PURPOSE: FUNDING FOR HIGH LEVEL MANAGERIAL SUPPORT FOR K-12 SCHOOL SYSTEMS | $10,000 |