Educational Developers Inc
- Assets
- $45.4m
- Revenue
- $18.8m
- Investments
- $9.9m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 07/2001
- Data as of
- 12/2023
- EIN
- 76-0660789
Organization Overview
Educational Developers Inc is located in Houston, TX. The organization was established in 2001. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Educational Developers 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 12/2023, Educational Developers Inc generated $18.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 56.4% each year . All expenses for the organization totaled $7.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ENTITY IS ORGANIZED TO PROMOTE, SPONSOR, AND DONATE FUNDS TO EDUCATIONAL ORGANIZATIONS IN THE U.S. AND LATIN AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE AND SPONSOR EDUCATIONAL AND CHARITABLE ACTIVITIES IN THE U.S. AND LATIN AMERICA. DONATE FUNDS TO EDUCATIONAL ORGANIZATIONS WHICH ARE DESCRIBED IN REVENUE CODE SECTION 170(B)(1)(A)(II).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesus Villagrasa Vice President | OfficerTrustee | 2 | $0 |
Jose G Cardenas Treasurer | OfficerTrustee | 2 | $0 |
Luis Alberto Henao Secretary | OfficerTrustee | 2 | $0 |
Hernan Jimenez Vice President | OfficerTrustee | 2 | $0 |
John Connor President | OfficerTrustee | 2 | $0 |
Frank Formolo Assistant Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $74,385 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,385 |
| Total Program Service Revenue | $0 |
| Investment income | $1,149,886 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,611,652 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,835,923 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,364,516 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,925 |
| Fees for services: Accounting | $364,387 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $998 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,870,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,280,732 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,172,036 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $66 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,924,272 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $45,377,106 |
| Accounts payable and accrued expenses | $59,416 |
| 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 | $0 |
| Total liabilities | $59,416 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $45,317,690 |
| Total liabilities and net assets/fund balances | $45,377,106 |
Grants Awarded
Over the last fiscal year, Educational Developers Inc has awarded $4,169,983 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ARKE INC PURPOSE: TO PROMOTE SPONSOR, AND DONATE FUNDS TO EDUCATIONAL ORGANIZATIONS IN THE US AND LATIN AMERICA | $2,475,216 |
INVESTMENT AND RESEARCH IN EDU INC PURPOSE: TO PROMOTE SPONSOR, AND DONATE FUNDS TO EDUCATIONAL ORGANIZATIONS IN THE US AND LATIN AMERICA | $1,694,767 |