Transcend Inc
- Assets
- $40.2m
- Revenue
- $36.4m
- Investments
- $0.0
- Employees
- 79
- Location
- Hastingsonhudson, NY
- Founding
- 11/2015
- Data as of
- 06/2022
- 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 06/2022, Transcend Inc employed 79 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 06/2022, Transcend Inc generated $36.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 46.6% each year . All expenses for the organization totaled $19.3m during the year ending 06/2022. 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
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 | OfficerTrustee | 40 | $302,964 |
Aylon Samouha Co-Founder | OfficerTrustee | 40 | $301,821 |
Emily Rummo Partner | 40 | $197,551 | |
Jennifer Charlot Senior Advisor | 40 | $193,458 | |
Arielle Kinder Partner, School Partnership Development | 40 | $192,812 | |
Diego Arambula Senior Advisor | 40 | $175,252 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Myra Brooks Program Support | 6/29/22 | $156,734 |
Latitude Education Consulting Llc Program Support | 6/29/22 | $153,867 |
Kate Mehr Program Support | 6/29/22 | $142,931 |
Sujata Bhatt Program Support | 6/29/22 | $140,277 |
Barrow Street Consulting Llc Program Support | 6/29/22 | $134,649 |
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 | $25,618,728 |
| Noncash contributions included in lines 1a–1f | $1,435,214 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,618,728 |
| Total Program Service Revenue | $10,764,908 |
| Investment income | $37,661 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$37,148 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,384,149 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $596,000 |
| 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. | $704,130 |
| Compensation of current officers, directors, key employees. | $228,636 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,575,590 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,020,379 |
| Payroll taxes | $810,784 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,416 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,507,644 |
| Advertising and promotion | $0 |
| Office expenses | $517,355 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,129 |
| Travel | $1,028,289 |
| 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 | $21,835 |
| All other expenses | $2,999 |
| Total functional expenses | $19,319,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $602,743 |
| Savings and temporary cash investments | $35,357,097 |
| Pledges and grants receivable | $3,063,853 |
| Accounts receivable, net | $1,077,949 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,162 |
| Prepaid expenses and deferred charges | $135,878 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $40,245,682 |
| Accounts payable and accrued expenses | $742,135 |
| Grants payable | $0 |
| Deferred revenue | $342,271 |
| 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 | $1,084,406 |
| Net assets without donor restrictions | $32,137,323 |
| Net assets with donor restrictions | $7,023,953 |
| 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 | $40,245,682 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Transcend Inc has recieved totaling $6,732,500.
| Awarding Organization | Amount |
|---|---|
Michael & Susan Dell Foundation Austin, TX PURPOSE: SCALING TECHNICAL ASSISTANCE FOR RESILIENT AND RESPONSIVE SCHOOLS | $2,000,000 |
Michael & Susan Dell Foundation Austin, TX PURPOSE: SCALING TECHNICAL ASSISTANCE FOR RESILIENT AND RESPONSIVE SCHOOLS | $1,000,000 |
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO EDUCATE AND SUPPORT EDUCATORS, SYSTEMS LEADERS, AND FUNDERS SEEKING TO REIMAGINE K-12 EDUCATION TO BETTER MEET THE NEEDS OF STUDENTS AND FAMILIES. | $700,000 |
Michael & Susan Dell Foundation Austin, TX PURPOSE: TECHNICAL ASSISTANCE FOR PERSONALIZED LEARNING: SUPPORTING SCALE | $700,000 |
Barr Foundation Boston, MA PURPOSE: EDUCATION: TO CONDUCT AND COORDINATE CONTINUED RESEARCH ON THE IMPACT OF COVID-19 ON NEW ENGLAND PUBLIC HIGH SCHOOLS | $616,000 |
New Schools Fund Oakland, CA PURPOSE: LEARNING SOLUTIONS | $517,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amsterdam House Continuing Care Retirement Community Inc Port Washington, NY | $223,728,704 | $36,044,280 |
Sponsors For Educational Opportunity Inc New York, NY | $71,324,699 | $43,724,114 |
The Achievement Network Ltd Boston, MA | $23,559,572 | $30,118,976 |
Leadership For Educational Equity New York, NY | $8,736,194 | $32,582,451 |
Foundation For City College New York, NY | $332,549,861 | $102,453,904 |
Saga Innovations Framingham, MA | $30,229,601 | $39,236,690 |
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
Collier Services Wickatunk, NJ | $8,471,748 | $15,685,679 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |
Workforce Outsource Services Inc Uniondale, NY | $10,340,814 | $13,464,902 |
North Star Academy Foundation Inc New York, NY | $177,913,521 | $11,304,915 |