Excellent Education Development
- Assets
- $7.1m
- Revenue
- $12.3m
- Investments
- $0.0
- Employees
- 112
- Location
- Los Angeles, CA
- Founding
- 02/2000
- Data as of
- 06/2023
- EIN
- 95-4766001
Organization Overview
Excellent Education Development is located in Los Angeles, CA. The organization was established in 2000. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 06/2023, Excellent Education Development employed 112 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Excellent Education Development 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, Excellent Education Development generated $12.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $13.5m during the year ending 06/2023. 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 ORGANIZATION DEVELOPS, MANAGES AND PROVIDES BUSINESS SERVICES TO PUBLIC CHARTER SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES BUSINESS SERVICES THAT SUPPORT THE DEVELOPMENT, MANAGEMENT, AND OPERATIONS OF CHARTER SCHOOLS. DURING THE 2022-2023 FISCAL YEAR, THE ORGANIZATION PROVIDED BUSINESS SERVICES TO 101 CHARTER SCHOOLS (WITHIN 65 ORGANIZATIONS) WHICH ARE ATTENDED BY APPROXIMATELY 44,000 STUDENTS.
THE ORGANIZATION RUNS A CHARTER SCHOOL FACILITY FINANCING PROGRAM FOR LOWER INCOME COMMUNITIES AND PROVIDES FACILITIES CONSULTING SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Eb Siart Chairman | OfficerTrustee | 2 | $0 |
Jennifer Li Shen Secretary | OfficerTrustee | 1 | $0 |
Nicole Boone Treasurer | OfficerTrustee | 1 | $0 |
Robert Abeles Director | Trustee | 1 | $0 |
Brian Bauer Director | Trustee | 1 | $0 |
Malka Borrego Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Douglas Emmett 2007 Llc Rents & Parking | 6/29/23 | $338,353 |
Novogradac & Company Llp Accounting | 6/29/23 | $114,500 |
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 | $125,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $125,000 |
| Total Program Service Revenue | $12,014,167 |
| Investment income | $121,759 |
| 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 | $12,260,926 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,140,140 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $696,858 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,991 |
| Fees for services: Accounting | $61,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $420,538 |
| Advertising and promotion | $0 |
| Office expenses | $102,799 |
| Information technology | $847,010 |
| Royalties | $0 |
| Occupancy | $459,699 |
| Travel | $27,411 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,587 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $503,852 |
| Insurance | $82,677 |
| All other expenses | $0 |
| Total functional expenses | $13,522,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,900,964 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,375,443 |
| 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 | $409,554 |
| Net Land, buildings, and equipment | $28,152 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $27 |
| Intangible assets | $53,126 |
| Other assets | $370,748 |
| Total assets | $7,138,014 |
| Accounts payable and accrued expenses | $880,919 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $36,615 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $454,938 |
| Total liabilities | $2,372,472 |
| Net assets without donor restrictions | $4,671,792 |
| Net assets with donor restrictions | $93,750 |
| 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 | $7,138,014 |
Grants Awarded
Over the last fiscal year, Excellent Education Development has awarded $824,152 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PARENT REVOLUTION PURPOSE: TO SUPPORT THE ORGANIZATION'S PARENT ENGAGEMENT WORK IN LOS ANGELES | $47,152 |
CALIFORNIA CHARTER SCHOOLS ASSOCIATION PURPOSE: TO SUPPORT THE LAAC COVID CAMPAIGN | $27,000 |
THE SEED FOUNDATION INC PURPOSE: EXED PROVIDED GRANTS TO SUPPORT THE SEED FOUNDATION ON A PROJECT INVOLVING A PUBLIC BOARDING SCHOOL, THE SEED SCHOOL OF LOS ANGELES COUNTY. THE GRANTS ARE USED TO SUPPORT THE PLANNING, DEVELOPMENT AND RELATED COSTS OF THE PROJECT CONSISTENT WITH THE SEED FOUNDATION'S MISSION AND TAX-EXEMPT PURPOSES, INCLUDING BUT NOT LIMITED TO CURRICULUM AND PROGRAM DESIGN, FUNDRAISING, COMMUNITY AND FAMILY ENGAGEMENT AND PERSONNEL RECRUITMENT. | $750,000 |