Spanish Education Development Center
- Assets
- $10.8m
- Revenue
- $4.4m
- Investments
- $146.7k
- Employees
- 54
- Location
- Washington, DC
- Founding
- 11/1971
- Data as of
- 06/2022
- EIN
- 23-7147887
Organization Overview
Spanish Education Development Center is located in Washington, DC. The organization was established in 1971. 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, Spanish Education Development Center employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spanish Education Development 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 06/2022, Spanish Education Development Center generated $4.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $3.5m during the year ending 06/2022. While expenses have increased by 2.2% 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
TO PROVIDE LIFE-CHANGING EDUCATIONAL OPPORTUNITIES FOR LOW-INCOME IMMIGRANT FAMILIES PRIMARILY FROM LATIN AMERICA. BY DEVELOPING INNOVATIVE PROGRAMS TO MEET THE CHANGING NEEDS OF LATINOS AND THEIR CHILDREN, SED EMPOWERS FAMILIES TO EFFECTIVELY NAVIGATE A NEW, MULTILINGUAL, MULTICULTURAL WORLD. SED STRIVES TO HELP ITS STUDENTS GAIN THE KNOWLEDGE, SKILLS, AND CONFIDENCE NECESSARY TO LEAD PRODUCTIVE, SELF-SUFFICIENT LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDREN'S PROGRAM: PROVIDES FULL DAY, YEAR-ROUND, QUALITY CHILD CARE AND BILINGUAL EDUCATIONAL PROGRAM TO CHILDREN AGES 3 MONTHS TO 4 YEARS-OLD (INFANT AND PRESCHOOL). IT ALSO PROVIDES THREE DAILY NUTRITIOUS MEALS APPROVED BY THE USDA APPROVED CACFP PROGRAM.
ADULT LANGUAGE PROGRAM - PROVIDES LANGUAGE AND LIFE SKILLS INSTRUCTION THAT PREPARES LOW-INCOME IMMIGRANT ADULTS TO USE ENGLISH EFFECTIVELY IN THEIR ROLES AS PARENTS, WORKERS, AND COMMUNITY MEMBERS THROUGH A VARIETY OF LEARNING EXPERIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond A Ritchey President | OfficerTrustee | 1 | $0 |
Ryan Rhed Treasurer | OfficerTrustee | 1 | $0 |
Cathy Delcoco Secretary | OfficerTrustee | 0.2 | $0 |
Christopher T Cardinale Member | Trustee | 0.2 | $0 |
Gavin Daniels Member | Trustee | 0.2 | $0 |
Justine Fitzgerald Member | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $280 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,057,488 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,057,768 |
| Total Program Service Revenue | $301,420 |
| Investment income | $1,928 |
| 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 | $4,392,288 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,529,855 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $240,157 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $160,011 |
| Travel | $1,423 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,015 |
| Interest | $145,049 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $138,324 |
| Insurance | $0 |
| All other expenses | $17,407 |
| Total functional expenses | $3,540,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,429,996 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $583,105 |
| 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 | $0 |
| Net Land, buildings, and equipment | $5,665,059 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $146,666 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,824,826 |
| Accounts payable and accrued expenses | $314,903 |
| 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 | $3,740,166 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,055,069 |
| Net assets without donor restrictions | $6,186,652 |
| Net assets with donor restrictions | $583,105 |
| 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 | $10,824,826 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Spanish Education Development Center has recieved totaling $41.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $41 |
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|---|---|---|
Achieving The Dream Inc Silver Spring, MD | $48,979,373 | $23,156,070 |
Us Ignite Inc Washington, DC | $5,718,790 | $15,311,234 |
Washington Yu Ying Public Charter School Washington, DC | $27,086,728 | $12,170,772 |
National Association For College Admission Counseling Inc Arlington, VA | $22,607,858 | $9,863,408 |
National Alliance For Public Charter Schools Washington, DC | $20,433,842 | $17,753,309 |
American Federation For Children Growth Fund Inc Columbia, MD | $9,265,288 | $14,325,717 |
A Wider Circle Inc Silvers Spring, MD | $9,165,754 | $9,301,796 |
Anne Arundel Community College Foundation Inc Arnold, MD | $29,078,784 | $4,871,771 |
Success For All Foundation Inc Baltimore, MD | $3,571,160 | $7,960,925 |
American Constitution Society For Law And Policy Washington, DC | $6,124,680 | $5,609,154 |
American School Counselor Association Alexandria, VA | $7,066,172 | $7,522,290 |
Qm Quality Matters Annapolis, MD | $7,257,264 | $7,473,612 |