Education Reform Now Inc
- Assets
- $20.0m
- Revenue
- $20.0m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/2006
- Data as of
- 12/2022
- EIN
- 20-3687838
Organization Overview
Education Reform Now Inc is located in New York, NY. The organization was established in 2006. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Education Reform Now 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 12/2022, Education Reform Now Inc generated $20.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $11.9m during the year ending 12/2022. While expenses have increased by 2.9% per year over the past 8 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.
Since 2014, Education Reform Now Inc has awarded 39 individual grants totaling $38,308,684. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DRIVE POLICIES AND PRACTICES THAT STIMULATE THE CREATION OF NEW, ACCOUNTABLE PUBLIC SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION REFORM NOW, INC. (ERN) WORKS TO INFORM, EDUCATE, AND PUT FORTH IDEAS AROUND PUBLIC EDUCATION POLICY. TO ACCOMPLISH THIS GOAL ERN BUILDS A DURABLE NETWORK OF PROGRESSIVE CHAMPIONS IN THE EDUCATIONAL POLICYMAKING ARENA TO EXPAND WHAT WORKS AND CHANGE WHAT IS BROKEN FOR THE BENEFIT OF STUDENTS AND FAMILIES WITH A FOCUS ON PEOPLE OF COLOR. ERN'S WORK IS FOCUSED IN THE FOLLOWING BROAD AREAS: POLICY ACTION, LEADERSHIP NETWORKING AND COLLABORATION, COMMUNICATIONS, AND COALITION BUILDING. WITHIN POLICY ACTION ERN'S PRIMARY GOAL IS TO RESEARCH AND IMPLEMENT AT THE NATIONAL AND STATE LEVEL STUDENT-CENTERED POLICIES FOCUSING ON STANDARDS AND ACCOUNTABILITY, PUBLIC SCHOOL CHOICE, RESOURCE EQUITY, TEACHER PREPARATION, AND HIGHER EDUCATION ACCESS AND PERSISTENCE. TO FACILITATE CHANGE IN K-12 AND HIGHER EDUCATION ERN EMPOWERS AND CONNECTS A NETWORK OF DIVERSE "ON THE GROUND" LEADERS AT THE NATIONAL AND STATE LEVELS TO DRIVE CHANGE, LEVERAGE ALLIANCES, AND TO MULTIPLY IMPACT. ERN USES MAJOR MEDIA AND DIGITAL COMMUNICATIONS TO ACTIVATE AUDIENCES AND ELEVATE ALIGNED VOICES. ADDITIONALLY, THROUGH DIVERSE COALITIONS ERN SEEKS TO INFORM AND MOBILIZE VOTERS TO INCREASE CIVIC PARTICIPATION AROUND THE ISSUE OF EDUCATION REFORM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Ledley Director | Trustee | 1 | $0 |
Sidney Hawkins Gargiulo Director | Trustee | 1 | $0 |
John Sabat Director | Trustee | 1 | $0 |
John Petry Director/co-Chair | OfficerTrustee | 1 | $0 |
Michael Sabat Director | Trustee | 1 | $0 |
Boykin Curry Director/co-Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Automatic Data Processing Inc Employee Leasing And Hr Services | 12/30/22 | $2,088,086 |
Lowenstein Sandler Llp Legal | 12/30/22 | $270,000 |
Vox Populi Partners Program Consultant | 12/30/22 | $162,000 |
Akin Gump Strauss Hauer & Feld Llp Lobbyist | 12/30/22 | $150,000 |
Isaacson Miller Inc Administrative Consultants | 12/30/22 | $141,162 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $787,300 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,121,615 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,908,915 |
| Total Program Service Revenue | $49,170 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $33,978 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,999,751 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,753,720 |
| 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. | $385,135 |
| Compensation of current officers, directors, key employees. | $144,632 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,195,800 |
| Pension plan accruals and contributions | $7,331 |
| Other employee benefits | $92,696 |
| Payroll taxes | $106,241 |
| Fees for services: Management | $270,000 |
| Fees for services: Legal | $90,795 |
| Fees for services: Accounting | $69,473 |
| Fees for services: Lobbying | $246,000 |
| Fees for services: Fundraising | $26,250 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,320,272 |
| Advertising and promotion | $1,215 |
| Office expenses | $36,983 |
| Information technology | $179,937 |
| Royalties | $0 |
| Occupancy | $50,109 |
| Travel | $123,188 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $765,884 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,889 |
| Insurance | $18,170 |
| All other expenses | $60,499 |
| Total functional expenses | $11,860,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,053,858 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $9,903,250 |
| Accounts receivable, net | $0 |
| 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 | $10,706 |
| Net Land, buildings, and equipment | $19,939 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $940 |
| Total assets | $19,988,693 |
| Accounts payable and accrued expenses | $378,383 |
| 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 | $178,700 |
| Total liabilities | $557,083 |
| Net assets without donor restrictions | $8,339,479 |
| Net assets with donor restrictions | $11,092,131 |
| 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 | $19,988,693 |
Grants Awarded
Over the last fiscal year, Education Reform Now Inc has awarded $6,740,283 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BLACK LATINO ASIAN CHARTER COLLABORATIVE PURPOSE: TO RECORD TRANSFER OF 06.30.22 AND 08.30.22 AVAILABLE FUNDS DUE TO PROJECT BLACC TERMINATION | $1,202,775 |
NEWDEAL FORUM PURPOSE: GENERAL SUPPORT | $15,000 |
TEACH PLUS INC PURPOSE: TO SUPPORT TEACH PLUS COLORADO | $50,000 |
NEW YORK STATE ASSOCIATION OF BLACK PUERTO RICAN HISPANIC & ASIAN LEGISLA PURPOSE: PLATINUM SPONSORSHIP | $50,000 |
YOUNG INVINCIBLES PURPOSE: 2022 CHANGEMAKERS GALA - CHANGEMAKER LEVEL SPONSORSHIP | $10,000 |
COLLECTIVE FUTURE PURPOSE: COLLECTIVE FUTURE - 6TH ANNIVERSARY SPONSORSHIP | $10,000 |