Spalding Education International
- Assets
- $3.1m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 56
- Location
- Phoenix, AZ
- Founding
- 08/1987
- Data as of
- 12/2022
- EIN
- 86-0545771
Organization Overview
Spalding Education International is located in Phoenix, AZ. The organization was established in 1987. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2022, Spalding Education International employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spalding Education International 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, Spalding Education International generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 1.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
INCREASE LITERACY FOR ALL CHILDREN AND ADULTS BY USING THE SPALDING METHOD TO DEVELOP SKILLED READERS, CRITICAL LISTENERS, AND ACCOMPLISHED WRITERS AND SPELLERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CURRICULUM AND PRODUCT RESEARCH AND DEVELOPMENT EFFORTS CONSIST OF CONTINUALLY MONITORING AND EVALUATING THE QUALITY AND EFFECTIVENESS OF PRODUCTS AND COURSES. NEW PRODUCTS AND IMPROVED INSTRUCTION TECHNIQUES ARE INTRODUCED PERIODICALLY. SIGNIFICANT STEPS ARE BEING TAKEN TO CONVERT MANY OF THE PAPER PUBLICATIONS TO A DIGITAL FORMAT AND TO DELIVER INSTRUCTION VIRTUALLY. THE SPALDING RESOURCE CENTER CONTINUES TO BE UPGRADED AND IS A MAJOR SOURCE FOR INSTRUCTIONAL VIDEOS, DOWNLOADABLE PRACTICE MATERIAL, DIGITAL CLASSIC & READING FOUNDATION TEACHER GUIDES AND THE NEW ORAL READING FLUENCY TEACHER MANUAL. INITIAL DEVELOPMENT IS UNDERWAY FOR THE EFFECTIVE STRATEGIES FOR WRITING & READING'S LEARNING MANAGEMENT SYSTEM, WHICH GREATLY IMPROVES A PARTICIPANT'S ABILITY TO COMPLETE AND SHARE THEIR ASSIGNMENTS WITH AN INSTRUCTOR.
SPALDING, IN COLLABORATION WITH SCHOOL ADMINISTRATORS AND OTHERS, PROVIDES TEACHERS AND HOME EDUCATORS WITH TRAINING THAT IS PRACTICAL, AND WITH SUPPORT THAT IS NEEDED FOR BEING SUCCESSFUL IN THE CLASSROOM AND AT HOME. VARIOUS PRESENTATION METHODS WERE CHANGED TO INCORPORATE DISTANCE LEARNING. COURSE REGISTRATIONS AND PARTICIPANTS INCREASED FROM THE PRIOR YEAR, ATTRIBUTABLE TO MORE EFFICIENT COURSE ORGANIZATION. SALES OF READERS, SRC LICENSES, E BOOK LICENSES AND APPS ALSO INCREASED FROM THE PRIOR YEAR.
PROFESSIONAL DEVELOPMENT INVOLVES IDENTIFYING THOSE TEACHERS WHO ARE INTERESTED IN BECOMING CERTIFIED, ESTABLISHING APPROPRIATE GUIDELINES, AND EFFICIENTLY MOVING INDIVIDUALS THROUGH THE CERTIFICATION PROCESS. THE PRIMARY GOAL OF SPALDING CERTIFICATION IS TO DEVELOP HIGHLY-QUALIFIED SPALDING CERTIFIED PERSONNEL WHO ARE DEDICATED TO INCREASING STUDENT ACHIEVEMENT THROUGH USE OF THE SPALDING METHOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Sexton CEO | Officer | 50 | $130,563 |
Kerri Porter CFO | Officer | 25 | $51,806 |
Susan Toohey Director | Trustee | 1 | $0 |
Allen L Nahrwold Director | Trustee | 1 | $0 |
Linda Ash Director | Trustee | 1 | $0 |
Dr Ronald G Sipus Chairman | Trustee | 1 | $0 |
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 | $105,025 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $105,025 |
| Total Program Service Revenue | $904,951 |
| Investment income | $53,894 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $13,978 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$27,195 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $559,421 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,610,074 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $182,369 |
| Compensation of current officers, directors, key employees. | $162,785 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $578,479 |
| Pension plan accruals and contributions | $12,911 |
| Other employee benefits | $0 |
| Payroll taxes | $63,245 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,800 |
| Fees for services: Accounting | $8,362 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,193 |
| Fees for services: Other | $40,839 |
| Advertising and promotion | $0 |
| Office expenses | $307,259 |
| Information technology | $22,000 |
| Royalties | $0 |
| Occupancy | $79,802 |
| Travel | $93,659 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,161 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,659 |
| Insurance | $4,707 |
| All other expenses | $0 |
| Total functional expenses | $1,434,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $950 |
| Savings and temporary cash investments | $310,068 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $98,335 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $411,688 |
| Prepaid expenses and deferred charges | $53,880 |
| Net Land, buildings, and equipment | $41,043 |
| Investments—publicly traded securities | $2,217,049 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,133,013 |
| Accounts payable and accrued expenses | $7,832 |
| Grants payable | $0 |
| Deferred revenue | $15,205 |
| 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 | $23,037 |
| Net assets without donor restrictions | $3,074,045 |
| Net assets with donor restrictions | $35,931 |
| 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 | $3,133,013 |