Array Education Inc
- Assets
- $55.3m
- Revenue
- $13.2m
- Investments
- $13.1m
- Employees
- 46
- Location
- New York, NY
- Founding
- 09/2008
- Data as of
- 06/2022
- EIN
- 26-1525207
Organization Overview
Array Education Inc is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Array Education Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Array Education 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 06/2022, Array Education Inc generated $13.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.9% each year . All expenses for the organization totaled $10.0m during the year ending 06/2022. While expenses have increased by 10.3% per year over the past 6 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 2015, Array Education Inc has awarded 12 individual grants totaling $28,484,406. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARRAY EDUCATION, INC.'S VARIOUS PROGRAMS HAVE MADE MEANINGFUL PROGRESS IN THE COLLEGE SCHOLARS PROGRAM SERVED 414 INDIVIDUALS, INCLUDING 237 STUDENTS WHO RECEIVED SCHOLARSHIPS. THE PURPOSE PROGRAM SERVED OVER 3,450 STUDENTS AND ADULTS IN VARIOUS PROGRAMS THAT HELPED THEM EXPLORE, ARTICULATE, AND PURSUE THEIR PURPOSE. THE GLOBAL EDUCATION PROGRAM PARTNERED WITH 86 ORGANIZATIONS IN 7 COUNTRIES TO DEVELOP AND SCALE EFFECTIVE SCHOOLS TO IMPROVE STUDENT LEARNING GLOBALLY. THE LITERACY PROGRAM PARTNERED WITH 99 SCHOOLS AND EDUCATION ORGANIZATIONS ACROSS THE U.S. TO SUPPORT HIGH QUALITY READING INSTRUCTION POWERED BY THE SCIENCE OF READING. THE CAREER-FOCUSED COLLEGE PROGRAM CONTINUED TO PILOT PROGRAMS FOR CAREER-FOCUSED STUDENTS AND INTERNS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Robbins Chair And Director | OfficerTrustee | 1 | $0 |
David Levin Secretary And Director | OfficerTrustee | 1 | $50,000 |
David Saltzman Treasurer And Director - Thru June 2022 | OfficerTrustee | 1 | $0 |
Dacia Toll Director - Thru June 2022 | Trustee | 1 | $0 |
Bob Karr Director | Trustee | 1 | $0 |
Norman Atkins CEO And Director, Ex Officio | OfficerTrustee | 48 | $341,662 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rutgers University Foundation Program Services | 6/29/20 | $126,894 |
The College Of New Jersey Program Services | 6/29/20 | $186,394 |
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 | $5,600,152 |
| Noncash contributions included in lines 1a–1f | $249,451 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,600,152 |
| Total Program Service Revenue | $4,994,779 |
| Investment income | $2,664,260 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$37,239 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,221,952 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,516,493 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $613,337 |
| Compensation of current officers, directors, key employees. | $178,691 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,286,995 |
| Pension plan accruals and contributions | $115,599 |
| Other employee benefits | $399,215 |
| Payroll taxes | $348,402 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,698 |
| Fees for services: Accounting | $41,354 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $163,561 |
| Advertising and promotion | $0 |
| Office expenses | $18,806 |
| Information technology | $189,651 |
| Royalties | $0 |
| Occupancy | $113,900 |
| 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 | $61,462 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $10,034,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,014 |
| Savings and temporary cash investments | $8,762,062 |
| Pledges and grants receivable | $10,985,014 |
| Accounts receivable, net | $699,969 |
| 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 | $194,398 |
| Net Land, buildings, and equipment | $112,466 |
| Investments—publicly traded securities | $21,280,324 |
| Investments—other securities | $13,072,203 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $55,276,450 |
| Accounts payable and accrued expenses | $649,337 |
| Grants payable | $0 |
| Deferred revenue | $93,532 |
| 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 | $22,071 |
| Total liabilities | $764,940 |
| Net assets without donor restrictions | $18,789,097 |
| Net assets with donor restrictions | $35,722,413 |
| 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 | $55,276,450 |
Grants Awarded
Over the last fiscal year, Array Education Inc has awarded $4,100,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RELAY GRADUATE SCHOOL OF EDUCATION PURPOSE: GENERAL GRANT | $4,000,000 |
RELAY LAB SCHOOLS TEXAS PURPOSE: SUB-GRANT | $100,000 |