Strada Education Foundation Inc
- Assets
- $1.9b
- Revenue
- $89.6m
- Investments
- $1.5b
- Employees
- 153
- Location
- Indianapolis, IN
- Founding
- 05/2015
- Data as of
- 12/2022
- EIN
- 47-3044430
Organization Overview
Strada Education Foundation Inc is located in Indianapolis, IN. The organization was established in 2015. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Strada Education Foundation Inc employed 153 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Strada Education Foundation 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 12/2022, Strada Education Foundation Inc generated $89.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $101.6m during the year ending 12/2022. While expenses have increased by 10.0% per year over the past 7 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 2016, Strada Education Foundation Inc has awarded 1,197 individual grants totaling $214,798,834. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
STRADA EDUCATION FOUNDATION, INC. SUPPORTS PROGRAMS, POLICIES, AND ORGANIZATIONS THAT STRENGTHEN CONNECTIONS BETWEEN EDUCATION AND EMPLOYMENT IN THE U.S. WITH A SPECIAL FOCUS ON HELPING THOSE WHO FACE THE GREATEST CHALLENGES SECURING OPPORTUNITY THROUGH POSTSECONDARY EDUCATION OR TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STRADA EDUCATION FOUNDATION, INC. WAS INCORPORATED AS A 501(C)(3) ORGANIZATION. ADDITIONALLY, STRADA EDUCATION FOUNDATION, INC. IS A 509(A)(3) SUPPORTING ORGANIZATION TO STRADA COLLABORATIVE, INC. AND A CLASS OF OTHER PUBLICLY SUPPORTED ORGANIZATIONS WHOSE PURPOSES AND ACTIVITIES ARE CONSISTENT WITH THE EXEMPT PURPOSES OF STRADA COLLABORATIVE, INC.
STRADA EDUCATION FOUNDATION, INC. PROVIDES GRANTS TO PUBLIC CHARITIES, INCLUDING POSTSECONDARY EDUCATIONAL INSTITUTIONS, TO PURSUE THE MISSIONS OF ITS SUPPORTED ORGANIZATIONS, INCLUDING RESEARCH AND THE DELIVERY OF SERVICES TO IMPROVE LIVES BY FORGING CLEARER AND MORE PURPOSEFUL PATHWAYS BETWEEN EDUCATION AND EMPLOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Moret CEO & President | OfficerTrustee | 40 | $1,260,958 |
Marlene Coulis Chairman | Trustee | 4 | $115,954 |
Gerard Olinger Board Member | Trustee | 2 | $97,000 |
Miriam Strouse Board Member | Trustee | 2 | $97,000 |
Nicole Jenkins Board Member | Trustee | 2 | $97,000 |
Sureel Choksi Board Member | Trustee | 2 | $97,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Spitfire Strategies Llc Communication Services | 12/30/23 | $525,668 |
Ernst Young Llp Audit Services | 12/30/23 | $406,500 |
Troutman Pepper Hamilton Sanders Ll Legal Services | 12/30/23 | $503,155 |
Russell Reynolds Associates Consulting Services | 12/30/23 | $268,896 |
Education Strategy Group Consulting Services | 12/30/23 | $378,789 |
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 | $38,809,930 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,809,930 |
| Total Program Service Revenue | $0 |
| Investment income | $76,972,538 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$26,558,808 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $89,606,480 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,589,442 |
| 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. | $6,680,993 |
| Compensation of current officers, directors, key employees. | $6,680,993 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,373,017 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,272,667 |
| Payroll taxes | $1,284,805 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,555,460 |
| Fees for services: Accounting | $547,539 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,833,217 |
| Fees for services: Other | $11,533,916 |
| Advertising and promotion | $1,693,650 |
| Office expenses | $168,519 |
| Information technology | $1,805,165 |
| Royalties | $0 |
| Occupancy | $1,827,392 |
| Travel | $1,287,685 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $557,286 |
| Interest | $24,822 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,176,980 |
| Insurance | $716,376 |
| All other expenses | $718,420 |
| Total functional expenses | $101,647,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $54,244,720 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,063,820 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $677,400 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $327,074 |
| Net Land, buildings, and equipment | $2,627,835 |
| Investments—publicly traded securities | $302,816,623 |
| Investments—other securities | $1,517,017,965 |
| Investments—program-related | $48,771,454 |
| Intangible assets | $0 |
| Other assets | $15,417,076 |
| Total assets | $1,944,963,967 |
| Accounts payable and accrued expenses | $21,939,920 |
| Grants payable | $24,513,794 |
| 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 | $13,557,818 |
| Total liabilities | $60,011,532 |
| Net assets without donor restrictions | $1,884,952,435 |
| Net assets with donor restrictions | $0 |
| 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 | $1,944,963,967 |
Grants Awarded
Over the last fiscal year, Strada Education Foundation Inc has awarded $25,784,015 in support to 141 organizations.
| Grant Recipient | Amount |
|---|---|
THE AFFILIATED SANTE GROUP PURPOSE: OPERATING GRANT | $10,000 |
ALABAMA A&M UNIVERSITY FOUNDATION PURPOSE: OPERATING GRANT | $123,667 |
ALABAMA STATE UNIVERSITY FOUNDATION INC PURPOSE: OPERATING GRANT | $135,400 |
ALBANY STATE UNIVERSITY FOUNDATION INC PURPOSE: OPERATING GRANT | $135,400 |
ALAMO COLLEGES FOUNDATION INC PURPOSE: OPERATING GRANT | $46,066 |
ALCORN STATE UNIVERSITY FOUNDATION INC PURPOSE: OPERATING GRANT | $66,950 |