The Achievement Network Ltd
- Assets
- $23.6m
- Revenue
- $30.1m
- Investments
- $0.0
- Employees
- 262
- Location
- Boston, MA
- Founding
- 06/2006
- Data as of
- 06/2022
- EIN
- 20-3289870
Organization Overview
The Achievement Network Ltd is located in Boston, MA. The organization was established in 2006. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Achievement Network Ltd employed 262 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Achievement Network Ltd 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, Achievement Network Ltd generated $30.1m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $29.2m during the year ending 06/2022. While expenses have increased by 10.7% per year over the past 3 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
ANET IS A NONPROFIT DEDICATED TO EXPANDING EDUCATIONAL EQUITY FOR ALL STUDENTS. WE WORK ALONGSIDE LEADERSHIP TEAMS TO SUPPORT TEACHERS' USE OF STANDARDS AND DATA TO ACHIEVE BREAKTHROUGH RESULTS FOR STUDENTS IN UNDERSERVED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANET PROVIDES AN INTEGRATED SYSTEM OF STUDENT ASSESSMENT TOOLS, RESOURCES, AND TRAINING TO HELP SCHOOLS AND DISTRICTS BOOST STUDENT LEARNING WITH GREAT TEACHING THAT'S GROUNDED IN LEARNING STANDARDS, INFORMED BY DATA, AND BUILT ON THE SUCCESSFUL PRACTICES OF EDUCATORS AROUND THE COUNTRY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Odemwingie President & CEO | OfficerTrustee | 40 | $253,337 |
Kimberly Cockrell Chief Partnership Officer/asst Secretary | Officer | 40 | $217,180 |
Emma Doggett Chief Program Officer | Officer | 40 | $211,304 |
Natasha Williams CFO (until 7/2021) | Officer | 40 | $186,120 |
Rachel Heuisler Vice President, Talent | Officer | 40 | $174,941 |
Lynne Martin Executive Director, Partnership Dev. | 40 | $174,263 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Learnosity Web Service | 6/29/22 | $241,250 |
Redstone Strategy Group Consulting | 6/29/22 | $225,000 |
Edgility Consulting & Recruiting Expenses | 6/29/22 | $191,969 |
Transforming Education Inc Consulting | 6/29/22 | $152,500 |
Clever Consulting | 6/29/22 | $149,940 |
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 | $8,630,369 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,630,369 |
| Total Program Service Revenue | $21,164,071 |
| Investment income | $2,388 |
| 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 | $30,118,976 |
| 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. | $1,299,201 |
| Compensation of current officers, directors, key employees. | $1,299,201 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,909,960 |
| Pension plan accruals and contributions | $588,376 |
| Other employee benefits | $1,831,398 |
| Payroll taxes | $1,712,646 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,501 |
| 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 | $335,949 |
| Advertising and promotion | $100,154 |
| Office expenses | $1,022,839 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,059,853 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $40,727 |
| All other expenses | $66,779 |
| Total functional expenses | $29,244,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,344,299 |
| Savings and temporary cash investments | $3,524,718 |
| Pledges and grants receivable | $198,206 |
| Accounts receivable, net | $6,251,073 |
| 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 | $241,276 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,559,572 |
| Accounts payable and accrued expenses | $1,553,629 |
| Grants payable | $0 |
| Deferred revenue | $468,310 |
| 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 | $2,021,939 |
| Net assets without donor restrictions | $20,031,650 |
| Net assets with donor restrictions | $1,505,983 |
| 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 | $23,559,572 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Achievement Network Ltd has recieved totaling $5,468,946.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $4,000,000 |
Partnership For Los Angeles Schools Los Angeles, CA PURPOSE: EFFECTIVE IMPLEMENTATION COHORT PARTICIPATION FUNDING | $734,473 |
Partnership For Los Angeles Schools Los Angeles, CA PURPOSE: EFFECTIVE IMPLEMENTATION COHORT PARTICIPATION FUNDING | $734,473 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Uncommon Schools Inc New York, NY | $293,550,038 | $84,601,875 |
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 |