Strada Education Network Inc
- Assets
- $1.7b
- Revenue
- $181.9m
- Investments
- $1.1b
- Employees
- 132
- Location
- Indianapolis, IN
- Founding
- 05/2015
- Data as of
- 12/2020
- EIN
- 47-3044430
Organization Overview
Strada Education Network 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 12/2021, Strada Education Network Inc employed 132 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Strada Education Network 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 12/2020, Strada Education Network Inc generated $181.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $80.2m during the year ending 12/2020. While expenses have increased by 7.4% 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 2016, Strada Education Network Inc has awarded 884 individual grants totaling $155,544,364. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
STRADA EDUCATION NETWORK, 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 HAVE FACED THE GREATEST CHALLENGES SECURING OPPORTUNITY THROUGH POSTSECONDARY EDUCATION OR TRAINING. STRADA EDUCATION NETWORK, INC. ADVANCES THIS MISSION THROUGH FINANCIAL AND IN-KIND SUPPORT OF STRADA COLLABORATIVE, INC. AND GRANTS TO OTHER PUBLIC CHARITIES WITH A COMPLEMENTARY MISSION (E.G., POSTSECONDARY EDUCATIONAL INSTITUTIONS), AS WELL AS THROUGH RESEARCH, COMMUNICATIONS, CONVENINGS, MISSIONALIGNED INVESTMENTS, AND OTHER ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STRADA EDUCATION NETWORK, INC. WAS INCORPORATED AS A 501(C)(3) ORGANIZATION. ADDITIONALLY, STRADA EDUCATION NETWORK, 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 NETWORK, 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 |
|---|---|---|---|
William Hansen President & CEO (thru 2/28/21) | OfficerTrustee | 37 | $1,619,852 |
Carol D'amico Evp Miss Adv & Phil (thru 2/24/21) | Officer | 40 | $593,307 |
Thomas Dawson Evp & Interim CEO | Officer | 32 | $571,791 |
Lawrence Alexander Morrison Svp, Strat. Pships & Sol (thru 8/20/21) | 1 | $534,753 | |
Scott Fleming Evp Chief Strat/comm Off (thru 1/22/21) | Officer | 1 | $533,746 |
Larry Lutz Evp, Corp Dev & Sec (beg 6/21/21) | Officer | 32 | $493,198 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gallup Inc Data Analysis Services | 12/30/21 | $772,050 |
The Cicero Group Lp Consulting Services | 12/30/21 | $672,019 |
Heart And Mind Strategies Llc Consulting Services | 12/30/21 | $606,375 |
Concentrical Llc Consulting Services | 12/30/21 | $495,100 |
Taft Stettinius & Hollister Llp Legal Fees | 12/30/21 | $469,946 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,929,683 |
| Investment income | $15,635,127 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $40,000 |
| Net Gain/Loss on Asset Sales | $101,718,911 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $181,933,523 |
| Statement of Expenses | |
|---|---|
| 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. | $7,422,234 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,664,812 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,197,082 |
| Payroll taxes | $1,300,205 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,197,569 |
| Fees for services: Accounting | $237,964 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,914,170 |
| Fees for services: Other | $9,936,788 |
| Advertising and promotion | $2,267,819 |
| Office expenses | $34,428 |
| Information technology | $1,896,958 |
| Royalties | $0 |
| Occupancy | $1,918,820 |
| Travel | $364,317 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $362,069 |
| Interest | $183,017 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,051,988 |
| Insurance | $600,331 |
| All other expenses | $0 |
| Total functional expenses | $80,192,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $90,901,920 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,537,314 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,448,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $279,851 |
| Investments—publicly traded securities | $269,296,369 |
| Investments—other securities | $1,056,476,824 |
| Investments—program-related | $211,398,824 |
| Intangible assets | $1,066,868 |
| Other assets | $9,475,240 |
| Total assets | $1,671,156,809 |
| Accounts payable and accrued expenses | $19,385,628 |
| Grants payable | $10,347,034 |
| Deferred revenue | $138,000 |
| 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 | $16,718,702 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,746,500 |
| Total liabilities | $51,335,864 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,619,820,945 |
Grants Awarded
Over the last fiscal year, Strada Education Network Inc has awarded $20,558,545 in support to 144 organizations.
| Grant Recipient | Amount |
|---|---|
Indianapolis, IN PURPOSE: MATCHING GRANT | $1,931,262 |
Chicago, IL PURPOSE: OPERATING GRANT | $1,612,500 |
Indianapolis, IN PURPOSE: MATCHING GRANT | $1,586,002 |
New York, NY PURPOSE: OPERATING GRANT | $1,500,000 |
Arlington, VA PURPOSE: OPERATING GRANT | $500,000 |
Honolulu, HI PURPOSE: OPERATING GRANT | $485,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Strada Education Network Inc has recieved totaling $66,090,349.
| Awarding Organization | Amount |
|---|---|
Ascendium Education Solutions Inc Madison, WI PURPOSE: support their philanthropic efforts pursuant to the December 6, 2016 transfer of ownership of United Student Aid Funds and Northwest Education Loan Association from USA Funds (now Strada) to Ascendium. | $66,090,349 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rotary International Evanston, IL | $194,654,881 | $96,362,213 |
Strada Education Network Inc Indianapolis, IN | $1,671,156,809 | $181,933,523 |
International Association Of Lions Clubs Oak Brook, IL | $209,434,392 | $68,740,162 |
Hunger Task Force Inc Milwaukee, WI | $33,494,491 | $39,896,159 |
Chinese American Service League Inc Chicago, IL | $15,835,299 | $20,315,146 |
Gateway Community Services West Liberty, KY | $5,832,121 | $17,974,926 |
Kiwanis International Inc Indianapolis, IN | $39,067,168 | $19,372,757 |
East Missouri Action Agency Inc Park Hills, MO | $6,519,330 | $14,431,185 |
Peoples Resource Center Wheaton, IL | $11,624,824 | $14,489,395 |
Options In Community Living Inc Madison, WI | $7,666,427 | $12,922,524 |
The Project Of The Quad Cities Moline, IL | $3,042,917 | $9,742,206 |
Community Alliance Of The Far Eastside Inc Indianapolis, IN | $9,902,468 | $9,126,970 |