Intermediaryed
- Assets
- $292.9m
- Revenue
- $244.4m
- Investments
- $104.4m
- Employees
- 1,090
- Location
- Iowa City, IA
- Founding
- 03/1966
- Data as of
- 08/2022
- EIN
- 42-0841485
Organization Overview
Intermediaryed is located in Iowa City, IA. The organization was established in 1966. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 08/2022, Intermediaryed employed 1,090 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Intermediaryed 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 08/2022, Intermediaryed generated $244.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $256.3m during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Intermediaryed has awarded 81 individual grants totaling $18,446,163. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HELPING PEOPLE ACHIEVE EDUCATION AND WORKPLACE SUCCESS
Describe the Organization's Program Activity:
EDUCATION ASSESSMENT PROGRAM - ACT'S EDUCATION ASSESSMENT PROGRAM IS DESIGNED AND DEVELOPED TO INFORM INDIVIDUALS (AND THOSE HELPING THEM) ABOUT THE KNOWLEDGE AND SKILLS NEEDED FOR SUCCESS IN EDUCATION AND EVENTUALLY CAREER. INFORMATION RESULTING FROM THE ADMINISTRATION OF THE ASSESSMENTS ENABLE INDIVIDUALS TO PREPARE THEMSELVES FOR A NEXT LEVEL OF EDUCATION AND/OR TRAINING. THE ASSESSMENTS PROVIDE EDUCATORS AND TRAINERS WITH INFORMATION USEFUL IN GUIDING THEIR TEACHING AND INSTRUCTION. COLLECTIVELY, DATA RESULTING FROM THE ADMINISTRATION OF THE ASSESSMENTS FACILITATES RESEARCH ON EFFECTIVE EDUCATIONAL PRACTICES OF VALUE TO NATIONAL, STATE AND LOCAL EDUCATORS AND POLICY MAKERS.
WORKFORCE DEVELOPMENT ASSESSMENT PROGRAM - ACT'S WORKFORCE DEVELOPMENT ASSESSMENT PROGRAM IS COMPLEMENTARY OF ITS EDUCATION ASSESSMENT PROGRAM IN THAT IT FOCUSES ON HELPING INDIVIDUALS TO ACQUIRE THE SKILLS THAT THEY NEED FOR SUCCESS IN THE WORKPLACE. THE PROGRAM IS A COMPONENT PART OF THE OVERALL EDUCATION PROCESS AND HELPS INDIVIDUALS TO UNDERSTAND THE SKILLS THEY WILL NEED TO BE READY FOR WORKPLACE RELATED EDUCATION AND TRAINING PROGRAMS. THE ASSESSMENTS ARE USED WIDELY BY EDUCATORS AND TRAINERS TO PRESCRIBE AND PROVIDE INSTRUCTIONAL INTERVENTIONS FOR THOSE INDIVIDUALS. COLLECTIVELY, DATA RESULTING FROM THE ADMINISTRATION OF THE ASSESSMENTS ENABLES RESEARCH ON NATIONAL, STATE, AND REGIONAL SKILL GAPS IN THE LABOR POOL AND FACILITATES DECISIONS AND STRATEGIES FOR ADDRESSING THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet E Godwin CEO | OfficerTrustee | 40 | $561,783 |
Daniel A Domenech Chair | OfficerTrustee | 3 | $82,300 |
Chad P Wick Director | Trustee | 3 | $55,720 |
Karen Cator Director | Trustee | 3 | $48,770 |
Walter C Bumphus Director | Trustee | 2 | $48,770 |
Julius W Muis Director | Trustee | 6 | $62,645 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ncs Pearson Computer Processing | 8/30/22 | $19,732,724 |
Startek Inc Call Center - Customer Care | 8/30/22 | $10,217,318 |
Kelly Services Inc Temporary Labor | 8/30/22 | $5,438,221 |
Amazon Web Services Llc Data Processing | 8/30/22 | $4,840,741 |
Federal Express Corp Delivery Services | 8/30/22 | $4,278,358 |
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 | $70,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,000 |
| Total Program Service Revenue | $238,667,070 |
| Investment income | $1,772,549 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $326,679 |
| Net Gain/Loss on Asset Sales | $3,514,792 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $244,351,090 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $760,120 |
| Grants and other assistance to domestic individuals. | $10,451 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,970,729 |
| Compensation of current officers, directors, key employees. | $1,656,958 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $82,985,013 |
| Pension plan accruals and contributions | $3,418,706 |
| Other employee benefits | $9,705,080 |
| Payroll taxes | $6,048,337 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,017,054 |
| Fees for services: Accounting | $319,667 |
| Fees for services: Lobbying | $122,262 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $227,832 |
| Fees for services: Other | $46,257,790 |
| Advertising and promotion | $2,416,835 |
| Office expenses | $20,224,897 |
| Information technology | $12,605,547 |
| Royalties | $239,614 |
| Occupancy | $1,777,189 |
| Travel | $1,210,339 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $751,430 |
| Interest | $192,695 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,351,138 |
| Insurance | $2,039,139 |
| All other expenses | $91,439 |
| Total functional expenses | $256,329,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $35,531,564 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,898,463 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,221,126 |
| Inventories for sale or use | $5,204,360 |
| Prepaid expenses and deferred charges | $2,736,868 |
| Net Land, buildings, and equipment | $43,711,246 |
| Investments—publicly traded securities | $74,164,129 |
| Investments—other securities | $104,416,735 |
| Investments—program-related | -$26,156,355 |
| Intangible assets | $11,801,314 |
| Other assets | $10,346,418 |
| Total assets | $292,875,868 |
| Accounts payable and accrued expenses | $36,389,928 |
| Grants payable | $0 |
| Deferred revenue | $17,608,502 |
| Tax-exempt bond liabilities | $11,840,000 |
| 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 | $2,136,191 |
| Total liabilities | $67,974,621 |
| Net assets without donor restrictions | $224,751,954 |
| Net assets with donor restrictions | $149,293 |
| 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 | $292,875,868 |
Grants Awarded
Over the last fiscal year, Intermediaryed has awarded $661,275 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ACT EDUCATION ASSESSMENT SERVICES INC PURPOSE: GENERAL OPERATING | $520,120 |
UNITED WAY OF JOHNSON COUNTY PURPOSE: MATCHING CONTRIBUTION FOR UNITED WAY CAMPAIGN | $60,000 |
IOWA CITY COMMUNITY SCHOOL DISTRICT FOUNDATION PURPOSE: 2021-22 GREATEST NEED DONATION | $30,500 |
IOWA CITY AREA DEVELOPMENT GROUP INCORPORATED PURPOSE: GENERAL OPERATING | $10,000 |
SHELTER HOUSE COMMUNITY SHELTER AND TRANSITION SERVICES PURPOSE: GENERAL OPERATING | $7,500 |
EUFAULA HIGH SCHOOL PURPOSE: COLLEGE AND CAREER SUCCESS ACTIVITIES | $10,000 |