Education Design Lab
- Assets
- $5.8m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 31
- Location
- Washington, DC
- Founding
- 03/2015
- Data as of
- 12/2021
- EIN
- 46-4248042
Organization Overview
Education Design Lab is located in Washington, DC. 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 12/2021, Education Design Lab employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Education Design Lab 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, Education Design Lab generated $7.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 38.6% each year . All expenses for the organization totaled $5.6m during the year ending 12/2021. 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
TO DESIGN AND TEST NEW MODELS TO HELP HIGHER EDUCATION ADAPT AS QUICKLY AS THE ECONOMY CHANGES, BY PARTNERING WITH HIGHER EDUCATION INSTITUTIONS, INNOVATORS AND EMPLOYERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROACTIVELY IDENTIFIES GAPS IN THE EDUCATION-TO-WORK ECOSYSTEM THAT REQUIRE NEXT GENERATION SOLUTIONS. THE ORGANIZATION PUTS TOGETHER PARTNERS, FUNDERS AND INSTITUTIONS TO TACKLE THE PATH FROM PROBLEM DEFINITION THROUGH SOLUTION FINDING TO ADOPTION AND EVALUATION. THE ORGANIZATION ALSO ACCEPTS REQUESTS FROM INDIVIDUAL INSTITUTIONS, FUNDERS, ENTREPRENEURS OR COMMUNITIES TO FACILITATE RELATED DESIGN PROCESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurence Roth Chief Growth Officer | Officer | 40 | $208,856 |
Donald E Fraser Chief Program Officer | 40 | $160,000 | |
Kevin Stump Dir. Of Impact, Evaluation & Thought Leadershi | 40 | $158,750 | |
Naomi Boyer Executive Director Of Digital Transformation | 40 | $130,218 | |
Binh DO Senior Education Designer | 40 | $122,417 | |
Penny Mickey Sr. Education Designer | 40 | $120,230 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Valerie D Taylor Consulting | 12/30/21 | $178,750 |
Lundquist Educational Strategies Program Management | 12/30/21 | $169,373 |
Whiteboard Advisors Llc Consulting | 12/30/21 | $126,324 |
Higher Ed Insight Llc Project Evaluation | 12/30/21 | $157,500 |
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 | $6,691,904 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,691,904 |
| Total Program Service Revenue | $870,247 |
| Investment income | $5,251 |
| 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 | $7,567,402 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $311,222 |
| Compensation of current officers, directors, key employees. | $4,716 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,675,039 |
| Pension plan accruals and contributions | $8,873 |
| Other employee benefits | $130,264 |
| Payroll taxes | $154,265 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,360 |
| Fees for services: Accounting | $77,269 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $307,155 |
| Advertising and promotion | $107,180 |
| Office expenses | $128,956 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,900 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,411,999 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,326 |
| Insurance | $14,180 |
| All other expenses | $0 |
| Total functional expenses | $5,562,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,249,015 |
| Savings and temporary cash investments | $4,344,681 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $155,200 |
| 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 | $2,238 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,800 |
| Total assets | $5,756,934 |
| Accounts payable and accrued expenses | $172,819 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $172,819 |
| Net assets without donor restrictions | $2,162,514 |
| Net assets with donor restrictions | $3,421,601 |
| 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 | $5,756,934 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Education Design Lab has recieved totaling $4,751,523.
| Awarding Organization | Amount |
|---|---|
Ascendium Education Solutions Inc Madison, WI PURPOSE: Catalyzing Rural Community Colleges Through a Design Challenge Community College Growth Engine Fund Expansion | $1,450,800 |
Charles Koch Foundation Arlington, VA PURPOSE: GENERAL OPERATING SUPPORT | $1,000,000 |
Denver Foundation Denver, CO PURPOSE: TO PROVIDE SUPPORT TO THE CO COMMUNITY COLLEGE GROWTH ENGINE FUND | $500,871 |
The Delaski Family Foundation Portland, OR PURPOSE: GENERAL OPERATING SUPPORT | $500,000 |
New Venture Fund Washington, DC PURPOSE: YOUTH DEVELOPMENT AND EDUCATION | $463,904 |
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO LAUNCH A NATIONAL CATALYTIC INVESTMENT STRATEGY THAT WILL POSITION COMMUNITY COLLEGES AS HUBS OF DRIVING INNOVATION BETWEEN EDUCATION AND EMPLOYMENT. | $460,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Achieving The Dream Inc Silver Spring, MD | $48,979,373 | $23,156,070 |
Us Ignite Inc Washington, DC | $5,718,790 | $15,311,234 |
Washington Yu Ying Public Charter School Washington, DC | $27,086,728 | $12,170,772 |
National Association For College Admission Counseling Inc Arlington, VA | $22,607,858 | $9,863,408 |
National Alliance For Public Charter Schools Washington, DC | $20,433,842 | $17,753,309 |
American Federation For Children Growth Fund Inc Columbia, MD | $9,265,288 | $14,325,717 |
A Wider Circle Inc Silvers Spring, MD | $9,165,754 | $9,301,796 |
Anne Arundel Community College Foundation Inc Arnold, MD | $29,078,784 | $4,871,771 |
Success For All Foundation Inc Baltimore, MD | $3,571,160 | $7,960,925 |
American Constitution Society For Law And Policy Washington, DC | $6,124,680 | $5,609,154 |
American School Counselor Association Alexandria, VA | $7,066,172 | $7,522,290 |
Qm Quality Matters Annapolis, MD | $7,257,264 | $7,473,612 |