Propel Education
- Assets
- $32.2m
- Revenue
- $731.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 06/2015
- Data as of
- 06/2022
- EIN
- 47-4045034
Organization Overview
Propel Education, operating under the name Ed Farm, is located in Birmingham, AL. The organization was established in 2015. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ed Farm 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 06/2022, Ed Farm generated $731.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $8.8m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ed Farm has awarded 32 individual grants totaling $6,069,000. 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
EDUCATION FARM ("ED FARM") EQUIPS EDUCATORS IN SCHOOLS AND COMMMUNITIES WITH INNOVATIVE TOOLS THAT SUPPORT ACTIVE LEARNING FOR ALL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
K-12 EDUCATIONAL SUPPORT: TEACHER FELLOWS PROGRAM: SCHOOL DISTRICT LEADERS AND ADMINISTRATORS PARTNER WITH ED FARM TO IDENTIFY EDUCATORS WHO ARE PASSIONATE ABOUT INNOVATIVE TEACHING AND LEARNING. THESE EDUCATORS FORM AN ANNUAL COHORT KNOWN AS "TEACHER FELLOWSED FARM EQUIPS THEM WITH INNOVATIVE RESOURCES AND TEACHING STRATEGIES THAT SUPPORT ACTIVE LEARNING FOR ALL STUDENTS. TEACHER FELLOWS ALSO COLLABORATE WITH ONE ANOTHER AND PROVIDE PROFESSIONAL LEARNING EXPERIENCES FOR OTHER TEACHERS IN THEIR SCHOOLS AND DISTRICTS. STUDENT FELLOWS PROGRAM: MIDDLE AND HIGH SCHOOL STUDENTS PARTICIPATE IN YEAR-LONG, CHALLENGE-BASED LEARNING EXPERIENCES DESIGNED TO SOLVE REAL COMMUNITY PROBLEMS. AT THE BEGINNING OF EACH EXPERIENCE, COMMUNITY LEADERS IDENTIFY A CHALLENGE AND INVITE STUDENT FELLOWS TO SOLVE IT DURING THE SCHOOL YEAR. STUDENTS WORK TOGETHER TO INVESTIGATE THE CHALLENGE, BUILD DIGITAL SKILLS AND CREATE ACTIONABLE SOLUTIONS. STUDENT FELLOWS PRESENT THEIR SOLUTIONS TO THE COMMUNITY AT THE END OF THE YEAR.
COMMUNITY DIGITAL SKILLS GRANTS: FUNDS 'KIDS CODING'BIRMINGHAM CAN CODE' PROGRAMS WHICH ENCOURAGE, INSPIRE AND IGNITE CHILDREN AND ADULTS TO DISCOVER AND EXPLORE TECHNOLOGY, LEARN TO CODE AND PURSUE STEM CAREERS. GRANTS SERVE TO HELP ED FARM ACHIEVE ITS GOALS OF EXPANDING THE REGION'S TECHNOLOGY ECOSYSTEM. PATHWAYS: FREE COURSES FOR ADULT LEARNERS THAT TEACHES DIGITAL SKILLS, APP CODING, EMPLOYABILITY SKILLS AND POST-SECONDARY CREDENTIAL ATTAINMENT.
PROPEL: PROPEL CENTER IS IN THE PLANNING PHASES. IT IS A PHYSICAL AND VIRTUAL CAMPUS TO PROVIDE HISTORICALLY BLACK COLLEGES AND UNIVERSITIES (HBCU) WITH SHARED SERVICES TO SUPPORT THEIR WORK OF PREPARING LEADERS WHO IMPROVE OUR WORLD. VIA A PHYSICAL CAMPUS AND DIGITAL LEARNING TOOLS, STUDENTS FROM ALL 101 HBCUS WILL CONNECT WITH THE BRIGHTEST MINDS IN THE WORLD, BE GIVEN GLOBAL OPPORTUNITIES AND DEVELOP INTO CIVIC-MINDED LEADERS AND ENTREPRENEURS. IN 2021, PROPEL AWARDED $3M IN IMPACT GRANTS TO HBCUS FOR PROJECTS THAT PROVIDE STUDENT CAREER EXPERIENCES, ALIGNED TO REAL PRODUCT DEVELOPMENT AND RESEARCH, WITH INDUSTRY PROFESSIONALS, HBCU FACULTY FELLOWS AND NON-PROFIT PARTNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Oni Chairman | OfficerTrustee | 1 | $0 |
Jay Brandrup Treasurer | OfficerTrustee | 1 | $0 |
John Hudson Director | Trustee | 1 | $0 |
Lamell Mcmorris Director | Trustee | 1 | $0 |
Myla Calhoun Director | Trustee | 1 | $0 |
Nichole Francis Reynolds Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fortif Law Partnersllc Legal | 12/30/21 | $239,932 |
Jweb Development Llc Product Design | 12/30/21 | $290,056 |
Jweb Development Llc Product Design | 12/30/21 | $290,056 |
Fortif Law Partners Llc Legal | 12/30/21 | $239,932 |
Mccarter English Llp Legal | 12/30/21 | $240,000 |
Mccarter & English Llp Legal | 12/30/21 | $240,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $154,969 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,025 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $179,994 |
| Total Program Service Revenue | $541,629 |
| Investment income | $9,647 |
| 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 | $731,270 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $925,843 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $372,776 |
| Compensation of current officers, directors, key employees. | $38,836 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,631,074 |
| Pension plan accruals and contributions | $19,334 |
| Other employee benefits | $214,784 |
| Payroll taxes | $206,277 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $594,803 |
| Fees for services: Accounting | $101,023 |
| Fees for services: Lobbying | $300,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $666,836 |
| Advertising and promotion | $1,036,230 |
| Office expenses | $50,134 |
| Information technology | $126,039 |
| Royalties | $0 |
| Occupancy | $406,915 |
| Travel | $217,221 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $212,806 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $240,224 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,815,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,732,503 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,500,000 |
| Accounts receivable, net | $1,213,385 |
| 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 | $74,317 |
| Net Land, buildings, and equipment | $5,192,679 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500,000 |
| Total assets | $32,212,884 |
| Accounts payable and accrued expenses | $3,040,690 |
| 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 | $99,648 |
| Total liabilities | $3,140,338 |
| Net assets without donor restrictions | $1,988,314 |
| Net assets with donor restrictions | $27,084,232 |
| 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 | $32,212,884 |
Grants Awarded
Over the last fiscal year, Propel Education has awarded $6,000,000 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
WILEY COLLEGE PURPOSE: PROGRAM SUPPORT | $200,000 |
PRAIRIE VIEW A&M UNIVERSITY PURPOSE: PROGRAM SUPPORT | $200,000 |
JACKSON STATE UNIVERSITY PURPOSE: PROGRAM SUPPORT | $200,000 |
HBCUVC (FISCALLY SPONSORED BY SOCIAL GOOD FUND) PURPOSE: PROGRAM SUPPORT | $200,000 |
BETHUNE COOKMAN UNIVERSITY PURPOSE: PROGRAM SUPPORT | $200,000 |
BISHOP STATE COMMUNITY COLLEGE PURPOSE: PROGRAM SUPPORT | $200,000 |