Seton Education Partners
- Assets
- $27.9m
- Revenue
- $15.8m
- Investments
- $0.0
- Employees
- 48
- Location
- Cincinnati, OH
- Founding
- 01/2009
- Data as of
- 06/2021
- EIN
- 26-2782492
Organization Overview
Seton Education Partners is located in Cincinnati, OH. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Seton Education Partners employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seton Education Partners 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 06/2021, Seton Education Partners generated $15.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 32.5% each year . All expenses for the organization totaled $14.0m during the year ending 06/2021. While expenses have increased by 33.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO LAUNCH AND MANAGE ACADEMICALLY EXCELLENT PUBLIC CHARTER SCHOOLS THAT NURTURE GOOD CHARACTER & PARTNER WITH CATHOLIC SCHOOLS TO IMPROVE ACADEMIC OUTCOMES FOR UNDERSERVED CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLENDED LEARNING NETWORK - THE ORGANIZATION PARTNERS WITH EXISTING URBAN CATHOLIC SCHOOLS TO IMPLEMENT THE BLENDED LEARNING PROGRAM. THE ORGANIZATION WILL HIRE ONE ON-SITE MANAGER TO LEAD THIS EFFORT AND TRAIN THE SCHOOL STAFF ON HOW TO USE DATA EFFECTIVELY TO IMPROVE THE STUDENT'S ACADEMIC PERFORMANCE. THE ORGANIZATION WILL HELP THE SCHOOL IMPROVE ITS COLLEGE-GOING CULTURE AND TEACH THE ADMINISTRATION HOW TO BECOME MORE FINANCIALLY SUSTAINABLE.
BRILLA CHARTER SCHOOL NETWORK - BRILLA PUBLIC CHARTER SCHOOLS ('BRILLA') IS A 501(C)(3) CHARTER SCHOOL NETWORK INSPIRED BY THE CLASSICAL EDUCATION TRADITION THAT AIMS TO HELP STUDENTS GROW INTELLECTUALLY, SOCIALLY, AND PHYSICALLY INTO YOUNG MEN AND WOMEN OF GOOD CHARACTER AND SPIRIT; TO BE PREPARED FOR EXCELLENCE IN HIGH SCHOOL, COLLEGE, AND BEYOND. THE ORGANIZATION HAS A CONTRACTUAL RELATIONSHIP WITH THE BOARD OF TRUSTEES OF BRILLA TO BE ITS CHARTER MANAGEMENT ORGANIZATION (CMO).
SETON TEACHING FELLOWS - A PROGRAM DESIGNED FOR RECENT COLLEGE GRADUATES WHO HAVE AN INTEREST IN SERVICE, COMMUNITY BUILDING, FAITH AND TEACHING. THE GRADUATES CO-TEACH IN A CLASSROOM AT THE ORGANIZATION'S CHARTER SCHOOLS AND LEAD CLASSES AT EL CAMINO. FELLOWS LIVE IN AN INTENTIONAL FAITH COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Saroki DE Garcia Managing Director | OfficerTrustee | 40 | $219,558 |
Luanne Zurlo Executive Director | 40 | $194,156 | |
Aaron Brenner Superintendent | 40 | $175,701 | |
Jeffrey Kerscher General Partner | 40 | $164,989 | |
Matthew Salvatierra Chief Financial Officer | 40 | $161,139 | |
Jim Perry Board Member | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Signature Construction Group Inc Construction | 6/29/21 | $1,312,864 |
Rj Beischel Construction | 6/29/21 | $792,493 |
Saint Rita Of Cascia Facility Rent | 6/29/21 | $727,827 |
Valera Facilities Inc Facility Repair And Maintenance | 6/29/21 | $1,350,279 |
Civic E 156th St Llc Facility Rent | 6/29/21 | $767,500 |
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 | $4,189,485 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,189,485 |
| Total Program Service Revenue | $3,987,115 |
| Investment income | $4,595 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,144,638 |
| 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 | $15,755,069 |
| 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. | $896,898 |
| Compensation of current officers, directors, key employees. | $35,322 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,499,993 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $449,889 |
| Payroll taxes | $347,165 |
| 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 | $869,844 |
| Advertising and promotion | $0 |
| Office expenses | $86,650 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,818,947 |
| Travel | $91,544 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $336,329 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $711,631 |
| Insurance | $167,563 |
| All other expenses | $280,713 |
| Total functional expenses | $13,983,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,713,256 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $313,015 |
| 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 | $766,617 |
| Net Land, buildings, and equipment | $16,959,042 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $113,375 |
| Other assets | $0 |
| Total assets | $27,865,305 |
| Accounts payable and accrued expenses | $1,772,997 |
| Grants payable | $0 |
| Deferred revenue | $2,376,177 |
| 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 | $16,184,722 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $20,333,896 |
| Net assets without donor restrictions | $7,011,365 |
| Net assets with donor restrictions | $520,044 |
| 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 | $27,865,305 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Seton Education Partners has recieved totaling $674,415.
| Awarding Organization | Amount |
|---|---|
Accelerate Great Schools Cincinnati, OH PURPOSE: SEE PART IV | $539,890 |
Greater Houston Community Foundation Houston, TX PURPOSE: EDUCATIONAL | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $34,500 |
Shell Oil Company Foundation Houston, TX PURPOSE: MG | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Dietrich Foundation Pittsburgh, PA | $1,425,693,584 | $93,476,192 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |
American Electric Power Foundation Columbus, OH | $61,577,266 | $10,199,855 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
Wyncote Foundation Philadelphia, PA | $612,779,360 | $16,336,575 |
Dean & Barbara White Family Foundation Inc Merrillville, IN | $792,865,434 | $81,802,743 |
Wilson Sheehan Foundation Springfield, OH | $57,339,515 | $15,119,930 |