Relay Graduate School Of Education
- Assets
- $71.4m
- Revenue
- $56.9m
- Investments
- $0.0
- Employees
- 463
- Location
- New York, NY
- Founding
- 09/2011
- Data as of
- 06/2023
- EIN
- 27-5316628
Organization Overview
Relay Graduate School Of Education is located in New York, NY. The organization was established in 2011. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 06/2023, Relay Graduate School Of Education employed 463 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Relay Graduate School Of Education 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 06/2023, Relay Graduate School Of Education generated $56.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $62.6m during the year ending 06/2023. While expenses have increased by 9.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO TEACH TEACHERS TO DEVELOP IN ALL STUDENTS THE ACADEMIC SKILLS AND STRENGTHS OF CHARACTER NEEDED TO SUCCEED IN COLLEGE AND LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RELAY GRADUATE SCHOOL OF EDUCATION (THE ORGANIZATION) WAS ORGANIZED UNDER THE EDUCATION LAW OF THE STATE OF NEW YORK IN FEBRUARY 2011, TO IMPROVE THE TRAINING AND PREPARATION OF TEACHERS. THE ORGANIZATION RECEIVED ITS PUBLIC CHARITY DETERMINATION FROM THE INTERNAL REVENUE SERVICE IN SEPTEMBER 2011. THE ORGANIZATION COMMENCED OPERATIONS IN JULY 2011, AT WHICH POINT THE PROGRAMS PREVIOUSLY OPERATED BY TOGETHER EDUCATION (TE), A RELATED NOT-FOR-PROFIT ORGANIZATION, WERE TRANSFERRED TO THE ORGANIZATION. TE SUPPORTS THE ORGANIZATION AND ITS DEVELOPMENT AND DELIVERY OF TEACHER AND SCHOOL LEADER TRAINING PROGRAMS. IN JULY 2011, THE ORGANIZATION OPENED ITS DOORS TO AN INAUGURAL CLASS OF GRADUATE STUDENTS. IN THE 2011-2012 AND 2012-2013 ACADEMIC YEARS THE ORGANIZATION OFFERED TWO PROGRAMS, A MASTER OF ARTS IN TEACHING GRADUATE DEGREE PROGRAM IN NEW YORK, NY, AND A TEACHER CERTIFICATION PROGRAM IN NEWARK, NJ. BY THE 2016-2017 ACADEMIC YEAR, THE ORGANIZATION OFFERED MASTER OF ARTS IN TEACHING GRADUATE DEGREES AND/OR TEACHER CERTIFICATION PROGRAMS IN NEW YORK, NEW JERSEY, LOUISIANA, ILLINOIS, TEXAS, DELAWARE, PENNSYLVANIA, TENNESSEE, CONNECTICUT, AND COLORADO. THE ORGANIZATION ALSO OFFERS A MASTER OF EDUCATION IN INSTRUCTIONAL SCHOOL LEADERSHIP GRADUATE DEGREE IN NEW YORK, NY, AND RUNS A NATIONAL INSTRUCTIONAL SCHOOL LEADERSHIP PROGRAM. SINCE LAUNCHING IN 2011, OVER 3,000 TEACHERS AND SCHOOL LEADERS HAVE COMPLETED THE ORGANIZATION'S TEACHER AND SCHOOL LEADER TRAINING PROGRAMS. IN APRIL 2012, THE ORGANIZATION WAS APPROVED BY THE U.S. DEPARTMENT OF EDUCATION AS A TITLE IV ELIGIBLE INSTITUTION, ALLOWING IT TO OFFER TITLE IV FEDERAL STUDEN AID PROGRAMS TO ITS STUDENTS STARTING IN THE 2012-2013 ACADEMIC YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mayme Hostetter President | Officer | 60 | $373,930 |
Julian Roberts CFO & COO (through 12/22) | Officer | 60 | $231,308 |
Maya Weatherton Provost, Teacher Prep | 60 | $223,896 | |
Jesse Rector National Dean, Leadership Prog | 60 | $226,260 | |
Anne Mccarley Chief External Affairs Officer | 60 | $212,438 | |
Benjamin Klompus Md Of Principal Supervisor Prg | 60 | $209,704 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Inhouse Print Pro Llc Printing | 6/29/23 | $501,357 |
Marcum Technology Llc Tech Consultants | 6/29/23 | $163,192 |
O Practice Llc Executive Coaching | 6/29/23 | $395,938 |
Spelpop Promotional Items | 6/29/23 | $196,551 |
G Anderson Tech Consultants Llc Tech Consultants | 6/29/23 | $351,672 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,864,840 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,590,273 |
| Noncash contributions included in lines 1a–1f | $2,931,957 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,455,113 |
| Total Program Service Revenue | $44,003,142 |
| Investment income | $426,683 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$20,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $56,909,254 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,923,678 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $597,423 |
| Compensation of current officers, directors, key employees. | $597,423 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,912,200 |
| Pension plan accruals and contributions | $752,906 |
| Other employee benefits | $3,735,942 |
| Payroll taxes | $2,561,625 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $155,011 |
| Fees for services: Accounting | $80,570 |
| Fees for services: Lobbying | $60,307 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,998,931 |
| Advertising and promotion | $0 |
| Office expenses | $189,040 |
| Information technology | $2,300,984 |
| Royalties | $0 |
| Occupancy | $2,363,380 |
| Travel | $2,851,120 |
| 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 | $708,333 |
| Insurance | $411,569 |
| All other expenses | $0 |
| Total functional expenses | $62,559,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,232,485 |
| Savings and temporary cash investments | $7,456,261 |
| Pledges and grants receivable | $740,363 |
| Accounts receivable, net | $9,035,443 |
| 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 | $1,045,470 |
| Net Land, buildings, and equipment | $5,450,517 |
| Investments—publicly traded securities | $10,125,700 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $544,361 |
| Other assets | $15,724,430 |
| Total assets | $71,355,030 |
| Accounts payable and accrued expenses | $3,465,080 |
| Grants payable | $0 |
| Deferred revenue | $5,259,707 |
| 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 | $20,480,026 |
| Total liabilities | $29,204,813 |
| Net assets without donor restrictions | $39,855,826 |
| Net assets with donor restrictions | $2,294,391 |
| 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 | $71,355,030 |