Skip to content
Nonprofiteer
← EDUCATION TRUST INC

Form 990 for tax year 2024

Filed by EDUCATION TRUST INC.

Totals

Total revenue
$33,239,997
Total expenses
$32,195,593
Contributions and grants received
$30,410,234
Grants paid
$2,179,842
Program service revenue
$547,950
Investment income
$2,178,059
Other revenue
$103,754
Total assets, end of year
$77,134,809
Total liabilities, end of year
$15,471,600
Net assets or fund balances, end of year
$61,663,209
Program services expenses (Part IX)
$30,120,079
Management and general expenses
$1,305,603
Fundraising expenses
$769,911
Program service expenses (Part III)
$30,120,079

Program services were 93.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Denise Forte

    President & CEO

    Total calculated
    $510,573
    From this org
    $485,763
    From related orgs
    $0
    Other
    $24,810
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $485,763
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $24,810
    Filer's total
    $510,573

  • Lisa Gelobter

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Jesse Jackson

    Vice-Chair/Treasurer (Until 2/2025)

    Total calculated
    $0
    Hours/week
    2

  • Nadia Diaz Funn

    Director

    Total calculated
    $0
    Hours/week
    1

  • Hanseul Kang

    Director

    Total calculated
    $0
    Hours/week
    1

  • Matthew McGuire

    Director

    Total calculated
    $0
    Hours/week
    1

  • Christina Norman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Eric Rodriguez

    Director

    Total calculated
    $0
    Hours/week
    1

  • Malbert Smith III PhD

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tomeka Hart Wigginton

    Director

    Total calculated
    $0
    Hours/week
    1

  • Eduardo Padron PhD

    Director

    Total calculated
    $0
    Hours/week
    1

  • Wil Del Pilar

    Senior Vice President

    Total calculated
    $338,824
    From this org
    $305,077
    From related orgs
    $0
    Other
    $33,747
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $302,477
    Bonus
    $2,600
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $33,747
    Filer's total
    $338,824

  • Christopher Nellum

    Executive Director, ETW

    Total calculated
    $284,060
    From this org
    $253,704
    From related orgs
    $0
    Other
    $30,356
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $251,104
    Bonus
    $2,600
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $30,356
    Filer's total
    $284,060

  • Augustus Mays

    VP for Partnerships and Engagement

    Total calculated
    $260,433
    From this org
    $222,300
    From related orgs
    $0
    Other
    $38,133
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $222,300
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $38,133
    Filer's total
    $260,433

  • Wendy Scott

    Chief Financial Officer

    Total calculated
    $247,729
    From this org
    $221,409
    From related orgs
    $0
    Other
    $26,320
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $221,409
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $26,320
    Filer's total
    $247,729

  • Amber Arellano

    Executive Director, ETM

    Total calculated
    $252,554
    From this org
    $215,760
    From related orgs
    $0
    Other
    $36,794
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $213,160
    Bonus
    $2,600
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $36,794
    Filer's total
    $252,554

  • Rachel Stalcup

    Chief Development Officer

    Total calculated
    $228,387
    From this org
    $211,623
    From related orgs
    $0
    Other
    $16,764
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $209,023
    Bonus
    $2,600
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $16,764
    Filer's total
    $228,387

  • Claudia Lujan

    Chief of Staff

    Total calculated
    $241,558
    From this org
    $212,004
    From related orgs
    $0
    Other
    $29,554
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $208,404
    Bonus
    $3,600
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $29,554
    Filer's total
    $241,558

  • Allison Socol

    VP, P-12 Policy, Research

    Total calculated
    $238,973
    From this org
    $207,482
    From related orgs
    $0
    Other
    $31,491
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $204,882
    Bonus
    $2,600
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $31,491
    Filer's total
    $238,973

  • Nicolle Grayson

    VP, Strategic Communications

    Total calculated
    $225,880
    From this org
    $190,365
    From related orgs
    $0
    Other
    $35,515
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $190,365
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $35,515
    Filer's total
    $225,880

  • Brian Rivas

    Senior Director

    Total calculated
    $201,667
    From this org
    $179,396
    From related orgs
    $0
    Other
    $22,271
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $179,396
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $22,271
    Filer's total
    $201,667

  • Carol Hedgspeth

    Deputy Director

    Total calculated
    $211,796
    From this org
    $177,177
    From related orgs
    $0
    Other
    $34,619
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $177,177
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $34,619
    Filer's total
    $211,796

  • Lynn Jennings

    Senior Director

    Total calculated
    $208,809
    From this org
    $174,436
    From related orgs
    $0
    Other
    $34,373
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $174,436
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $34,373
    Filer's total
    $208,809

  • Rachel Ruffalo

    Deputy Director

    Total calculated
    $203,871
    From this org
    $169,954
    From related orgs
    $0
    Other
    $33,917
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $169,954
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $33,917
    Filer's total
    $203,871

  • Kevin Chappell

    Executive Writer (Until 1/2025)

    Total calculated
    $188,479
    From this org
    $164,587
    From related orgs
    $0
    Other
    $23,892
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $164,587
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $23,892
    Filer's total
    $188,479

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
25 February 2026
IRS schema version
2024v5.5
Source object
202640579349300224

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.