Xq Institute
- Assets
- $12.8m
- Revenue
- $73.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Oakland, CA
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 47-4422640
Organization Overview
Xq Institute is located in Oakland, CA. The organization was established in 2017. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Xq Institute 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, Xq Institute generated $73.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $76.1m during the year ending 12/2022. While expenses have increased by 8.4% 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, Xq Institute has awarded 188 individual grants totaling $122,368,388. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOVEMENT BUILDING AND PUBLIC AWARENESS. THROUGH OUR OWN ACTIVITIES AND BY SUPPORTING THE ALIGNED WORK OF OTHER ORGANIZATIONS, XQ SEEKS TO BUILD NATIONAL WILL FOR HIGH SCHOOL TRANSFORMATION. WE PURSUE THAT GOAL THROUGH CREATIVE USE OF MEDIA (INCLUDING FILM, TELEVISION AND SOCIAL MEDIA), STORYTELLING, DONATED ADVERTISING, PUBLIC REPORTS ON KEY ISSUES IN HIGH SCHOOL REFORM, AND PUBLIC SPEAKING.
SUPPORT FOR NEW HIGH SCHOOL DESIGNS AND TOOLS & RESOURCES FOR COMMUNITY ADVOCATES TO ENGAGE IN HIGH SCHOOL REDESIGN. XQ WORKS IN COMMUNITIES THROUGHOUT THE COUNTRY, WITH INDIVIDUAL SCHOOLS AND ENTIRE SCHOOL SYSTEMS, TO HELP THEM DREAM BIG ABOUT WHAT HIGH SCHOOL COULD BE, TURN THEIR INNOVATIVE IDEAS INTO ACTION, AND CREATE MORE RIGOROUS AND EQUITABLE SCHOOLS. XQ SHARES WHAT'S WORKING WITH OTHER SCHOOLS AND DISTRICTS, SO THEY CAN TAILOR NEW MODELS TO THE NEEDS OF THEIR OWN STUDENTS AND COMMUNITIES. XQ CREATES AND SHARES OPEN-SOURCE TOOLS, BASED ON RESEARCH AND DESIGN THINKING, WHICH EMPOWER PEOPLE TO TAKE UP THE CHALLENGE OF TRANSFORMING THEIR HIGH SCHOOLS WITH A UNIFYING GOAL: UNLOCKING THE AMERICAN PROMISE OF A HIGH-QUALITY EDUCATION FOR EVERYONE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurene Powell Jobs Chair Of The Board | 15 | $0 | |
Russlynn Ali Chief Executive Officer | 35 | $0 | |
Michael Klein Director | 3 | $0 | |
Geoffrey Canada Treasurer | 3 | $0 | |
Yo-Yo MA Director | 3 | $0 | |
Marc Ecko Secretary | 35 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
E2k Events & Entertainment | 12/30/22 | $2,540,177 |
Softserve | 12/30/22 | $1,573,596 |
Athletics Llc | 12/30/22 | $2,508,408 |
Sypartners Llc | 12/30/22 | $1,478,220 |
Getting Smart Llc | 12/30/22 | $1,382,808 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $73,331,045 |
| Interest on Savings | $1,349 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $37,644 |
| Total Revenue | $73,370,038 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $713,392 |
| Other employee salaries and wages | $8,649,291 |
| Pension plans, employee benefits | $1,859,702 |
| Interest | $0 |
| Taxes | $1,351 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,247,561 |
| Printing and publications | $182,979 |
| Other expenses | $8,316,624 |
| Total operating and administrative expenses | $42,632,887 |
| Contributions, gifts, grants paid | $33,487,466 |
| Total expenses and disbursements | $76,120,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,348,657 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $1,486 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $532,502 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $888,673 |
| Total assets | $12,771,318 |
| Accounts payable and accrued expenses | $2,098,381 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,098,381 |
Grants Awarded
Over the last fiscal year, Xq Institute has awarded $33,487,466 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
CEDAR RAPIDS COMMUNITY SCHOOLS FOUNDATION PURPOSE: SUPPORT THE HIGH SCHOOL IN THEIR WORK TO RE-IMAGINE AND RE-DESIGN THEIR SCHOOL | $153,225 |
CHARITABLE VENTURES OF ORANGE COUNTY PURPOSE: SUPPORT THE HIGH SCHOOL IN THEIR WORK TO RE-IMAGINE AND RE-DESIGN THEIR SCHOOL | $376,991 |
COMMUNITY FOUNDATION FOR SOUTH CENTRAL NEW YORK INC PURPOSE: SUPPORT THE HIGH SCHOOL IN THEIR WORK TO RE-IMAGINE AND RE-DESIGN THEIR SCHOOL | $115,050 |
CROSSTOWN HIGH SCHOOL INC PURPOSE: SUPPORT THE HIGH SCHOOL IN THEIR WORK TO RE-IMAGINE AND RE-DESIGN THEIR SCHOOL | $1,759,209 |
DA VINCI SCHOOLS LA COUNTY PURPOSE: SUPPORT THE HIGH SCHOOL IN THEIR WORK TO RE-IMAGINE AND RE-DESIGN THEIR SCHOOL | $1,331,500 |
DC PUBLIC EDUCATION FUND PURPOSE: SUPPORT DC PUBLIC SCHOOLS IN THEIR WORK TO RE-IMAGINE AND RE-DESIGN THEIR SCHOOLS | $4,793,500 |