Advanced Education Research & Development Fund
- Assets
- $57.4m
- Revenue
- $42.6m
- Investments
- $52.0m
- Employees
- 51
- Location
- Oakland, CA
- Founding
- Data as of
- 12/2022
- EIN
- 85-3624930
Organization Overview
Advanced Education Research & Development Fund is located in Oakland, CA. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Education and related organizations. As of 12/2022, Advanced Education Research & Development Fund employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advanced Education Research & Development Fund 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, Advanced Education Research & Development Fund generated $42.6m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $22.8m during the year ending 12/2022. While expenses have increased by 22.7% per year over the past 2 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONDUCT RESEARCH AND DEVELOPMENT THAT WILL YIELD DRAMATIC IMPROVEMENTS IN PUBLIC EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCLUSIVE RESEARCH AND DEVELOPMENT: AERDF RAISES PHILANTHROPIC DOLLARS FROM THE GENERAL PUBLIC AND THEN MOBILIZES THAT CAPITAL TO SUPPORT INNOVATIVE RESEEARCH AND DEVELOPMENT PROJECTS THAT ADDRESS PERNICIOUS TEACHING AND LEARNING CHALLENGES THAT DISPROPRORTIONALTELY IMPACT BLACK, LATINO AND LOW-INCOME STUDENTS. AERDF HAS ASSEMBLED TEAMS OF LEADING EXPERTS IN THE AREA OF EDUCATION RESEARCH AND INNOVATION. THESE TEAMS HAVE IDENTIFIED AND FUNDED EDUCATIONAL RESEARCH AND DEVELOPMENT PROJECTS THAT HAVE THE POTENTIAL TO CREATE BREAKTHROUGH LEARNING OUTCOMES FOR STUDENTS AT ALL LEVELS. CURRENT PROJECTS INCLUDE EF+MATH, ASSESSMENT FOR GOOD AND READING REIMAGINED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Childress Ceo/board President | OfficerTrustee | 8 | $399,999 |
Daryl Peagler Cio/board Treasurer (thru 07/22) | OfficerTrustee | 40 | $139,151 |
Bror Saxberg Secretary | Trustee | 1 | $0 |
Lisette Nieves Board Member | Trustee | 1 | $0 |
Jim Shelton Board Member | Trustee | 1 | $0 |
Cassandra Herring Board Member (as Of 07/22) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Modern Mantra Research Partnership | 12/30/22 | $928,628 |
Saga Innovations Inc Dba Woot Math Research Partnership | 12/30/22 | $843,615 |
The 21st Century Partnership For Stem Ed Research Partnership | 12/30/22 | $843,499 |
Mind Research Institute Research Partnership | 12/30/22 | $741,630 |
Newschools Venture Fund Shared Services | 12/30/22 | $1,165,440 |
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 | $41,610,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,610,000 |
| Total Program Service Revenue | $0 |
| Investment income | $966,164 |
| 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 | $42,576,164 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $216,060 |
| 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. | $1,628,426 |
| Compensation of current officers, directors, key employees. | $108,201 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,315,584 |
| Pension plan accruals and contributions | $255,800 |
| Other employee benefits | $614,555 |
| Payroll taxes | $405,303 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $85,227 |
| Fees for services: Accounting | $8,321 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,970,701 |
| Advertising and promotion | $35,763 |
| Office expenses | $106,460 |
| Information technology | $465,848 |
| Royalties | $0 |
| Occupancy | $1,538 |
| Travel | $204,425 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $278,066 |
| Interest | $767 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $31,360 |
| All other expenses | $219,315 |
| Total functional expenses | $22,843,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $750,000 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $290,784 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,336,143 |
| Investments—other securities | $52,034,559 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $57,411,486 |
| Accounts payable and accrued expenses | $1,893,925 |
| 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 | $305,743 |
| Total liabilities | $2,199,668 |
| Net assets without donor restrictions | $41,167,199 |
| Net assets with donor restrictions | $14,044,619 |
| 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 | $57,411,486 |
Grants Awarded
Over the last fiscal year, Advanced Education Research & Development Fund has awarded $206,411 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MIDDLETOWN CITY SCHOOL DISTRICT PURPOSE: RESEARCH SUPPORT | $44,274 |
NEWARK BOARD OF EDUCATION PURPOSE: RESEARCH SUPPORT | $51,960 |
VISTA UNIFIED SCHOOL DISTRICT PURPOSE: RESEARCH SUPPORT | $58,474 |
MERIDIAN PUBLIC SCHOOL DISTRICT PURPOSE: RESEARCH SUPPORT | $37,756 |
EAST JASPER CONSOLIDATED SCHOOL DISTRICT PURPOSE: RESEARCH SUPPORT | $13,947 |