Success In Education Foundation
- Assets
- $7.6m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 13
- Location
- Salt Lake City, UT
- Founding
- 10/2011
- Data as of
- 06/2021
- EIN
- 45-3567196
Organization Overview
Success In Education Foundation is located in Salt Lake City, UT. The organization was established in 2011. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2021, Success In Education Foundation employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Success In Education Foundation 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 06/2021, Success In Education Foundation generated $8.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 30.6% each year . All expenses for the organization totaled $3.3m during the year ending 06/2021. While expenses have increased by 13.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE EXCELLENCE IN EDUCATION AND HELP UTAH STUDENTS PREPARE FOR POST- SECONDARY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KEYS TO SUCCESS: THE GOAL OF THE PROGRAM IS TO INSPIRE CHANGE IN THE STUDENTS' LIVES BY MOTIVATING, CONNECTING, AND REWARDING THEM FOR THEIR IMPROVEMENTS IN EDUCATIONAL PERFORMANCE. IN THE FALL OF 2018, THE KEYS TO SUCCESS APP WAS LAUNCHED TO PROVIDE STUDENTS WITH SCHOLARSHIPS, INTERNSHIPS, AND OTHER CAREER OPPORTUNITIES PERSONALIZED TO THEIR CHOSEN CAREER INTERESTS. STUDENTS CAN TRACK THEIR PROGRESS, RECEIVE PUSH NOTIFICATIONS, AND USE ADDITIONAL TOOLS LIKE THE ACT PREP AND FASFA HELP TO HELP THEM UNLOCK THEIR FUTURE. THE MORE STUDENTS INTERACT WITH THE APP, THE MORE POINTS STUDENTS EARN THAT CAN BE REDEEMED FOR AWESOME PRIZES. THE APP MAKES IT EASY FOR PARENTS TO ENGAGE WITH THEIR STUDENTS' FUTURE, GOALS, AND CAREER INTERESTS. THE 2020-2021 SCHOOL YEAR ENDED WITH 63,700 STUDENT APP DOWNLOADS AND WITH 160 MILLION IN SCHOLARSHIPS/TUITION WAIVERS AVAILABLE IN THE APP. DURING THE SCHOOL YEAR, ACADEMIC SCHOLARSHIPS WERE AWARDED TO 152 STUDENTS. THE KEYS TO SUCCESS PROGRAM ALSO SPONSORED 1 STATEWIDE ASSEMBLY VIDEO, ACCOMPANIED BY VIRTUAL ASSEMBLY LIVESTREAMS FOR 180 SCHOOLS, AND 1 TELEVISION EVENT. THE PROGRAM PROVIDED 18,000 PRIZES AND INCENTIVES FOR STUDENTS, WITH ONE GRAND PRIZE OF A CAR GIVEAWAY.
CODE TO SUCCESS: THE GOAL OF THE PROGRAM IS TO BRIDGE THE GAP BETWEEN EDUCATION AND INDUSTRY BY GETTING STUDENTS INTERESTED IN PROGRAMMING AND SETTING THEM ON A SUCCESSFUL EDUCATION PATHWAY IN COMPUTER SCIENCE. PROVIDES STUDENTS WITH THE OPPORTUNITY TO ACCESS CODING TRAINING MODULES, OBTAIN ONE-ON-ONE MENTORING FROM EXPERTS AND TAKE ADVANTAGE OF NETWORKING OPPORTUNITIES TO PURSUE INTERNSHIPS THROUGH A SUMMER CODING BOOT CAMP. THE PROGRAM HAD 677 UTAH STUDENTS PARTICIPATE IN THE 2021 PROGRAM FROM 28 SCHOOL DISTRICTS. ACADEMIC SCHOLARSHIPS WERE AWARDED TO 24 STUDENTS DURING THE YEAR. THE PROGRAM PROVIDED ELECTRONIC CODE TO SUCCESS GRADUATION CERTIFICATES AND HIGH SCHOOL CREDIT FOR 258 UTAH STUDENTS. ALSO, CODE TO SUCCESS PROVIDED DIGITAL IDAHO CODES CERTIFICATES FOR 157 IDAHO STUDENTS. THIS CERTIFICATE IS ACCOMPANIED WITH A LETTER OF COMPLETION OF THE FIRST THREE STACKABLE CREDENTIALS FOR THOSE STUDENTS WHO COMPLETED BOTH CODING FOUNDATIONS AND DISSECTING REACT JS COURSES DURING THE SIX-WEEK PROGRAM. STACKABLE CREDENTIALS AND COLLEGE CREDIT ARE PROVIDED THROUGH BOTTEGA.
ROAD TO SUCCESS: THE GOAL OF THE PROGRAM IS TO PROVIDE INCENTIVES TO HELP STUDENTS ACHIEVE READING GOALS. DURING THE 2020-2021 SCHOOL YEAR, THE PROGRAM IS INVOLVED WITH 94 ELEMENTARY SCHOOLS, MORE THAN 16,000 STUDENTS AND 1,234 TEACHERS AND ADMINISTRATORS. THE PROGRAM HELPS TO IMPROVE LITERACY, VOCABULARY, AND COMMUNICATION SKILLS BY ENCOURAGING DAILY AND LIFELONG READING HABITS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard L Folkerson President/ex | OfficerTrustee | 40 | $178,243 |
Kaitlin Dietrich Secretary | Officer | 40 | $49,269 |
Katharine B Garff Chair | OfficerTrustee | 3 | $0 |
Jim Campbell Treasurer | Officer | 3 | $0 |
Nolan E Karras Board Member | Trustee | 3 | $0 |
James Jardine Board Member | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hoverstate 20 Web Design | 6/29/21 | $2,110,100 |
University Of Oregon Platform Develo | 6/29/21 | $980,000 |
Spinoff Llc Videoproduction | 6/29/21 | $200,000 |
Cicero Research Portal Developm | 6/29/21 | $122,865 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $657,774 |
| Related organizations | $0 |
| Government grants | $129,292 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,698,123 |
| Noncash contributions included in lines 1a–1f | $350,036 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,485,189 |
| Total Program Service Revenue | $0 |
| Investment income | $4,480 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,489,669 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,000 |
| Grants and other assistance to domestic individuals. | $223,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $259,411 |
| Compensation of current officers, directors, key employees. | $30,812 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $828,712 |
| Pension plan accruals and contributions | $2,894 |
| Other employee benefits | $29,588 |
| Payroll taxes | $80,443 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,829 |
| Fees for services: Accounting | $18,049 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $109,028 |
| Advertising and promotion | $203,799 |
| Office expenses | $198,328 |
| Information technology | $149,174 |
| Royalties | $0 |
| Occupancy | $205 |
| Travel | $23,398 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,086 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $645,620 |
| Insurance | $11,591 |
| All other expenses | $13,741 |
| Total functional expenses | $3,250,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,034,232 |
| Savings and temporary cash investments | $60,205 |
| Pledges and grants receivable | $533,166 |
| Accounts receivable, net | $18,244 |
| 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 | $27,712 |
| Net Land, buildings, and equipment | $35,168 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,855,278 |
| Other assets | $0 |
| Total assets | $7,564,005 |
| Accounts payable and accrued expenses | $304,683 |
| Grants payable | $331,032 |
| Deferred revenue | $112,272 |
| 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 | $747,987 |
| Net assets without donor restrictions | $5,176,054 |
| Net assets with donor restrictions | $1,639,964 |
| 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 | $7,564,005 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Success In Education Foundation has recieved totaling $619,800.
| Awarding Organization | Amount |
|---|---|
Kahlert Foundation Inc Sykesville, MD PURPOSE: TO SUPPORT CODE TO SUCCESS | $250,000 |
Tanner Charitable Trust Salt Lake City, UT PURPOSE: EDUCATION | $100,000 |
Beesley Family Foundation St George, UT PURPOSE: EDUCATION | $50,000 |
Community Trust Of Utah Salt Lake City, UT PURPOSE: GENERAL SUPPORT | $50,000 |
American Endowment Foundation Hudson, OH PURPOSE: YOUTH DEVELOPMENT | $48,800 |
Clark And Christine Ivory Foundation Salt Lake City, UT PURPOSE: GENERAL FUND | $46,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado Youth For A Change Denver, CO | $1,559,265 | $5,423,176 |
Sierra Nevada Journeys Reno, NV | $8,776,450 | $3,407,184 |
Success In Education Foundation Salt Lake City, UT | $7,564,005 | $8,489,669 |
Spread The Word Nevada Henderson, NV | $3,405,824 | $3,007,958 |
Geneva Glen Camp Incorporated Indian Hills, CO | $9,204,342 | $3,964,068 |
Illuminate Colorado Inc Denver, CO | $1,321,763 | $2,672,102 |
Campesinos Sin Fronteras Somerton, AZ | $2,783,493 | $3,390,552 |
Youthworks Santa Fe, NM | $671,806 | $2,396,465 |
Liahona Academy For Youth Non Profit Organization Saint George, UT | $87,694 | $1,967,824 |
Stepping Stones International Salt Lake City, UT | $1,415,855 | $2,101,175 |
First Nv Las Vegas, NV | $603,002 | $1,851,070 |
Elevate Phoenix Phoenix, AZ | $2,452,752 | $2,572,774 |