Edchoice Inc
- Assets
- $20.5m
- Revenue
- $10.1m
- Investments
- $0.0
- Employees
- 35
- Location
- Indianapolis, IN
- Founding
- 06/1996
- Data as of
- 12/2021
- EIN
- 35-1978359
Organization Overview
Edchoice Inc is located in Indianapolis, IN. The organization was established in 1996. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, Edchoice Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edchoice 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 12/2021, Edchoice Inc generated $10.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $9.5m during the year ending 12/2021. While expenses have increased by 6.7% 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, Edchoice Inc has awarded 140 individual grants totaling $8,112,855. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCING EDUCATIONAL FREEDOM AND CHOICE FOR ALL AS A PATHWAY TO SUCCESSFUL LIVES AND A STRONGER SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH AND THOUGHT LEADERSHIP: EDCHOICE, INC, PRODUCES NON-PARTISAN RESEARCH AND PUBLICATIONS INTENDED TO INFORM THE PUBLIC ON THE ISSUE OF EDUCATIONAL CHOICE. TYPES OF RESEARCH AND EDUCATIONAL PUBLICATIONS INCLUDE: REVIEWING AND SYNTHESIZING EXISTING RESEARCH ON EDUCATIONAL CHOICE, SUCH AS THE ABC'S OF SCHOOL CHOICE AND INFORMATIONAL BROCHURES; CONDUCTING ORIGINAL STATE AND NATIONAL RESEARCH ON EDUCATIONAL CHOICE, SUCH AS STATE POLLING AND FISCAL AND ACADEMIC IMPACT STUDIES; AND PUBLISHING COMMENTARY PAPERS, WEBINARS AND BLOGS.
TRAINING AND OUTREACH: EDCHOICE, INC, UNDERTAKES NON-PARTISAN EDUCATIONAL TRAINING AND OUTREACH ACTIVITIES THAT INFORM THE PUBLIC, MEDIA AND POLICY MAKERS ON THE ISSUE OF EDUCATIONAL CHOICE AND ON EXISTING SCHOOL CHOICE PROGRAMS. THIS INCLUDES FORMAL TRAININGS, CONFERENCES, FACT-FINDING TRIPS, AND EDUCATIONAL BRIEFINGS.
STATE PROGRAMS: EDCHOICE, INC, WORKS IN STATES AROUND THE COUNTRY TO EDUCATE THE PUBLIC ON THE ISSUE OF EDUCATIONAL CHOICE, PROVIDING EDUCATIONAL SERVICES TO STATE-BASED ORGANIZATIONS AND INDIVIDUALS. SERVICES INCLUDE: SPONSORING AND HOSTING INFORMATIONAL SYMPOSIUMS, TESTIFYING IN FRONT OF VARIOUS LEGISLATIVE BODIES, EDUCATING LOCAL AND STATE ORGANIZATIONS ON EDUCATIONAL CHOICE PROGRAMS, PARENT EDUCATIONAL EFFORTS AND TRAINING, INFORMING MEDIA, PROVIDING TECHNICAL ADVICE ON THE DRAFTING OF LEGISLATION, AND SPONSORING VISITS BY EXPERT SPEAKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert C Enlow President & CEO | OfficerTrustee | 45 | $338,508 |
Leslie Hiner Vice President- Legal Affairs | 40 | $181,104 | |
Steven Holwerda Vice President Of Development | Officer | 40 | $166,000 |
Paul Diperna V.P. Of Research & Innovation | 40 | $149,600 | |
Brian Mcgrath V.P. Of External Relations | 40 | $148,284 | |
Carey E Folco Vice President Of Operations | Officer | 40 | $155,454 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Philanthropic Llc Consulting Services | 12/30/22 | $128,898 |
Adarsh Consultants Limited Research Consulting | 12/30/22 | $146,250 |
Jackson Kelly Pllc Consulting | 12/30/22 | $126,296 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $428,294 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,626,041 |
| Noncash contributions included in lines 1a–1f | $162,541 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,054,335 |
| Total Program Service Revenue | $57,816 |
| Investment income | $459,054 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $536,789 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,117,129 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,111,040 |
| 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. | $696,844 |
| Compensation of current officers, directors, key employees. | $108,715 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,146,865 |
| Pension plan accruals and contributions | $56,986 |
| Other employee benefits | $405,919 |
| Payroll taxes | $194,908 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,490 |
| Fees for services: Accounting | $33,781 |
| Fees for services: Lobbying | $215,565 |
| Fees for services: Fundraising | $122,078 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,450,559 |
| Advertising and promotion | $179,702 |
| Office expenses | $151,478 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $124,638 |
| Travel | $194,494 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,457,269 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,403 |
| Insurance | $28,167 |
| All other expenses | $0 |
| Total functional expenses | $9,471,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $772,840 |
| Savings and temporary cash investments | $3,304,917 |
| Pledges and grants receivable | $225,000 |
| 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 | $221,132 |
| Net Land, buildings, and equipment | $211,989 |
| Investments—publicly traded securities | $15,806,576 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,542,454 |
| Accounts payable and accrued expenses | $659,785 |
| Grants payable | $0 |
| Deferred revenue | $63,500 |
| 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 | $723,285 |
| Net assets without donor restrictions | $19,449,368 |
| Net assets with donor restrictions | $369,801 |
| 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 | $20,542,454 |
Grants Awarded
Over the last fiscal year, Edchoice Inc has awarded $1,560,000 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
LOVE YOUR SCHOOL PURPOSE: SEE PART IV | $81,000 |
NEVADA ACTION FOR CHOICE ACCESS PURPOSE: SEE PART IV | $25,000 |
PARENTS FOR EDUCATIONAL FREEDOM IN NORTH CAROLINA PURPOSE: SEE PART IV | $40,000 |
EVERY KID COUNTS OKLAHOMA INC PURPOSE: SEE PART IV | $50,000 |
OKLAHOMA COUNCIL OF PUBLIC AFFAIRS INC PURPOSE: SEE PART IV | $50,000 |
THE OAKS COMMUNITY CENTER INC PURPOSE: SEE PART IV | $50,000 |