Transcend Inc
- Assets
- $42.3m
- Revenue
- $31.0m
- Investments
- $0.0
- Employees
- 109
- Location
- Hastingsonhudson, NY
- Founding
- 11/2015
- Data as of
- 06/2023
- EIN
- 30-0878820
Organization Overview
Transcend Inc is located in Hastingsonhudson, NY. The organization was established in 2015. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2023, Transcend Inc employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Transcend 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 06/2023, Transcend Inc generated $31.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 37.0% each year . All expenses for the organization totaled $29.3m during the year ending 06/2023. 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
TRANSCEND SUPPORTS COMMUNITIES TO CREATE AND SPREAD EXTRAORDINARY, EQUITABLE LEARNING ENVIRONMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSCEND IS A NATIONAL NONPROFIT THAT SUPPORTS SCHOOL COMMUNITIES TO CREATE AND SPREAD EXTRAORDINARY, EQUITABLE LEARNING ENVIRONMENTS. FOUNDED IN 2015, TRANSCEND HAS PARTNERED WITH NEARLY 400 SCHOOLS AND SYSTEMS WHICH COLLECTIVELY SERVE HUNDREDS OF THOUSANDS OF STUDENTS ACROSS THE NATION. AS A RESEARCH AND DEVELOPMENT (R&D) HUB FOR THE EDUCATION FIELD, TRANSCEND PROVIDES SCHOOLS AND SYSTEMS WITH RESEARCH-BACKED, COMMUNITY-DRIVEN MODELS, RESOURCES, AND CAPACITY SO THEY CAN MAKE SIGNIFICANT LEAPS TO REIMAGINE THE FUTURE OF EDUCATION. TRANSCEND IS A NONPROFIT THAT OPERATES WITH A FULLY REMOTE, NATIONWIDE TEAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Wetzler Co-Founder/chief Program Officer | OfficerTrustee | 40 | $350,161 |
Aylon Samouha Co-Founder | OfficerTrustee | 40 | $347,961 |
Emily Rummo Partner | 40 | $215,682 | |
Arielle Kinder Partner, School Partnership Development | 40 | $214,981 | |
Diego Arambula Senior Advisor | 40 | $189,508 | |
Jennifer Charlot Senior Advisor | 40 | $203,875 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sheep Productions Inc Program Support | 6/29/23 | $222,559 |
Myra Brooks Program Support | 6/29/23 | $206,775 |
Engage Learning Llc Program Support | 6/29/23 | $192,218 |
Latitude Education Consulting Llc Program Support | 6/29/23 | $182,886 |
Darryl Williams Program Support | 6/29/23 | $173,047 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $586,661 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,817,282 |
| Noncash contributions included in lines 1a–1f | $3,666,932 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,403,943 |
| Total Program Service Revenue | $11,174,701 |
| Investment income | $1,183,495 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $273,516 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,035,655 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,811,260 |
| 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. | $877,863 |
| Compensation of current officers, directors, key employees. | $285,458 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,094,005 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,502,183 |
| Payroll taxes | $1,194,377 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $54,038 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $94,220 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,182,453 |
| Advertising and promotion | $0 |
| Office expenses | $533,291 |
| Information technology | $94,019 |
| Royalties | $0 |
| Occupancy | $8,407 |
| Travel | $1,725,127 |
| 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 | $0 |
| Insurance | $32,769 |
| All other expenses | $0 |
| Total functional expenses | $29,279,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,834,820 |
| Savings and temporary cash investments | $23,572,409 |
| Pledges and grants receivable | $2,308,572 |
| Accounts receivable, net | $1,908,065 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,191 |
| Prepaid expenses and deferred charges | $110,741 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $12,563,790 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $42,304,588 |
| Accounts payable and accrued expenses | $1,077,449 |
| Grants payable | $0 |
| Deferred revenue | $41,111 |
| 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 | $0 |
| Total liabilities | $1,118,560 |
| Net assets without donor restrictions | $33,930,988 |
| Net assets with donor restrictions | $7,255,040 |
| 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 | $42,304,588 |
Grants Awarded
Over the last fiscal year, Transcend Inc has awarded $2,805,260 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BALTIMORE ALGEBRA PROJECT PURPOSE: COMMUNITY LED EDUCATION INITIATIVES FUND | $50,000 |
LINDSAY EDUCATIONAL FOUNDATION FOR LEARNING PURPOSE: LINDSAY SCHOLARSHIP FUND | $25,000 |
ARIZONA STATE UNIVERSITY PURPOSE: TO CONDUCT AND COORDINATE CONTINUED RESEARCH ON THE IMPACT OF COVID-19 ON NEW ENGLAND PUBLIC HIGH SCHOOLS | $780,260 |
MAINE INSIDE OUT PURPOSE: COMMUNITY LED EDUCATION INITIATIVES FUND | $400,000 |
ECORISE YOUTH INNOVATIONS PURPOSE: COMMUNITY LED EDUCATION INITIATIVES FUND | $400,000 |
OCETI SAKOWIN EDUCATION LEARNING CENTER PURPOSE: COMMUNITY LED EDUCATION INITIATIVES FUND | $50,000 |