Education Trust Inc
- Assets
- $75.0m
- Revenue
- $33.1m
- Investments
- $0.0
- Employees
- 207
- Location
- Washington, DC
- Founding
- 04/1997
- Data as of
- 06/2023
- EIN
- 52-1982223
Organization Overview
Education Trust Inc is located in Washington, DC. The organization was established in 1997. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2023, Education Trust Inc employed 207 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Education Trust 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 06/2023, Education Trust Inc generated $33.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $30.9m during the year ending 06/2023. While expenses have increased by 11.2% per year over the past 8 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, Education Trust Inc has awarded 313 individual grants totaling $9,988,902. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE HIGH ACADEMIC ACHIEVEMENT FOR ALL STUDENTS AT ALL LEVELS: PRE-K THROUGH COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR PROGRAM AND POLICY TEAMS CONDUCT RESEARCH AND ANALYZE EDUCATIONAL PRACTICES, PRE-K THROUGH COLLEGE. THEIR WORK AIMS TO DEEPEN OUR UNDERSTANDING OF THE FACTORS THAT CONTRIBUTE TO ACHIEVEMENT GAPS, LEARN FROM AND EXTEND THE BEST WORK IN THE FIELD, AND DEVELOP POSITIONS AND SUPPORTING EVIDENCE TO ADVANCE THE ORGANIZATION'S STRATEGIC AGENDA. MORE SPECIFICALLY, THE WORK FOCUSES ON ADVANCING THE QUALITY OF TEACHING, ENSURING ACCOUNTABILITY AND SUPPORT FOR SCHOOLS AND COLLEGES, MONITORING ACHIEVEMENT PATTERNS IN PREK-12 AND HIGHER EDUCATION, AND FOSTERING BEST PRACTICES TO HELP SCHOOLS ALIGN THEIR CURRICULA WITH STATE STANDARDS.
THE DIVISION OF GOVERNMENT AFFAIRS AND COMMUNICATIONS ARTICULATES AND ADVOCATES FOR THE ORGANIZATION'S STRATEGIC PRIORITIES. IT PUBLISHES RESEARCH AND ANALYSES IN PRINT AND ONLINE AND PARTNERS WITH EDUCATORS, ADVOCATES, AND ALLIED POLICYMAKERS AT THE LOCAL, STATE, AND NATIONAL LEVELS TO ADVANCE SPECIFIC EDUCATION POLICY OBJECTIVES.
THE EDUCATION TRUST HAS FOUR STATE OFFICES, THE EDUCATION TRUST-WEST, THE EDUCATION TRUST-MIDWEST, THE EDUCATION TRUST-TENNESSEE, AND THE EDUCATION TRUST-NEW YORK. THE STATE OFFICES WORK IN THEIR STATES FOR THE HIGH ACADEMIC ACHIEVEMENT OF ALL STUDENTS AT ALL LEVELS, KINDERGARTEN THROUGH COLLEGE, AND AIM TO CLOSE THE ACHEIVEMENT GAPS SEPARATING LOW-INCOME STUDENTS AND STUDENTS OF COLOR FROM OTHER YOUTH THROUGH STATE-WIDE EDUCATION POLICY AND ADVOCACY WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Forte President & CEO | OfficerTrustee | 37.5 | $380,619 |
John B King Until 22023 President | OfficerTrustee | 37.5 | $173,953 |
Jose Luis Cruz Chair | OfficerTrustee | 2 | $0 |
James Forman Jr Until 22023 Vice Chair | OfficerTrustee | 1 | $0 |
Yolie Flores Secretary | OfficerTrustee | 1 | $0 |
Jesse Jackson Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Global Strategy Group Llc Consulting Services | 6/29/23 | $235,150 |
Odigie-turley Consulting Consulting Services | 6/29/23 | $165,000 |
Arch - Archetype Consulting Consulting Services | 6/29/23 | $153,333 |
The Raben Group Strategic Advisory Services | 6/29/23 | $130,000 |
Jelena Hasbrouck Consulting Llc Consulting Services | 6/29/23 | $129,700 |
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 | $32,036,448 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,036,448 |
| Total Program Service Revenue | $1,557,847 |
| Investment income | $798,665 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,900 |
| Net Gain/Loss on Asset Sales | -$1,480,478 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,115,919 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,816,619 |
| 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. | $2,923,617 |
| Compensation of current officers, directors, key employees. | $97,577 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,227,393 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,102,179 |
| Payroll taxes | $1,092,482 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,654 |
| Fees for services: Accounting | $56,460 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $122,206 |
| Fees for services: Other | $4,700,695 |
| Advertising and promotion | $11,573 |
| Office expenses | $192,293 |
| Information technology | $191,151 |
| Royalties | $0 |
| Occupancy | $1,522,433 |
| Travel | $1,217,987 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $929,422 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $295,946 |
| Insurance | $81,671 |
| All other expenses | $0 |
| Total functional expenses | $30,882,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,642,324 |
| Pledges and grants receivable | $16,095,836 |
| Accounts receivable, net | $613,531 |
| 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 | $676,606 |
| Net Land, buildings, and equipment | $2,315,871 |
| Investments—publicly traded securities | $34,751,328 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,902,000 |
| Total assets | $74,997,496 |
| Accounts payable and accrued expenses | $3,315,172 |
| Grants payable | $0 |
| Deferred revenue | $138,300 |
| 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 | $14,038,380 |
| Total liabilities | $17,491,852 |
| Net assets without donor restrictions | $31,792,267 |
| Net assets with donor restrictions | $25,713,377 |
| 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 | $74,997,496 |
Grants Awarded
Over the last fiscal year, Education Trust Inc has awarded $2,545,119 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
ALL4ED PURPOSE: SUPPORT | $8,000 |
BLACK CALIFORNIANS UNITED FOR EARLY CARE AND EDUCATION PURPOSE: SUPPORT | $80,000 |
BLU EDUCATIONAL FOUNDATION PURPOSE: SUPPORT | $80,000 |
BLACK EDUCATOR ADVOCATES NETWORK PURPOSE: SUPPORT | $80,000 |
BUFFALO URBAN LEAGUE PURPOSE: SUPPORT | $10,000 |
CALIFORNIA COMPETES PURPOSE: SUPPORT | $500,000 |