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← EDUCATION FORWARD DC

Form 990 for tax year 2023

Filed by EDUCATION FORWARD DC.

Totals

Total revenue
$10,058,346
Total expenses
$12,615,203
Contributions and grants received
$9,314,343
Grants paid
$8,517,857
Program service revenue
$0
Investment income
$744,003
Other revenue
$0
Total assets, end of year
$15,185,897
Total liabilities, end of year
$741,149
Net assets or fund balances, end of year
$14,444,748
Program services expenses (Part IX)
$11,258,810
Management and general expenses
$696,910
Fundraising expenses
$659,483
Program service expenses (Part III)
$11,258,810

Program services were 89.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $9,314,343

  • 3 · Investment income

    total $641,515 · excluded $641,515

  • 7a · Gross sales of assets other than inventory

    securities $3,042,938

  • 7b · Less cost or other basis and sales expenses

    securities $2,940,450

  • 7c · Gain or loss

    securities $102,488

  • 7d · Net gain or loss

    total $102,488 · excluded $102,488

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,517,857 · program services $8,517,857

  • 5 · Compensation of officers, directors and key employees

    total $1,096,925 · program services $645,795 · management and general $70,112 · fundraising $381,018

  • 7 · Other salaries and wages

    total $1,478,460 · program services $1,055,584 · management and general $264,407 · fundraising $158,469

  • 8 · Pension plan contributions

    total $55,744 · program services $39,099 · management and general $10,399 · fundraising $6,246

  • 9 · Other employee benefits

    total $93,172 · program services $62,374 · management and general $25,626 · fundraising $5,172

  • 10 · Payroll taxes

    total $167,592 · program services $112,323 · management and general $21,446 · fundraising $33,823

  • 11b · Fees: legal

    total $10,331 · management and general $10,331

  • 11c · Fees: accounting

    total $105,656 · management and general $105,656

  • 11f · Fees: investment management

    total $387 · management and general $387

  • 11g · Fees: other

    total $409,336 · program services $256,515 · management and general $148,196 · fundraising $4,625

  • 13 · Office expenses

    total $19,803 · program services $15,507 · management and general $1,642 · fundraising $2,654

  • 14 · Information technology

    total $85,162 · program services $62,660 · management and general $7,264 · fundraising $15,238

  • 16 · Occupancy

    total $152,596 · program services $100,479 · management and general $20,258 · fundraising $31,859

  • 17 · Travel

    total $16,874 · program services $9,708 · management and general $3,961 · fundraising $3,205

  • 19 · Conferences, conventions and meetings

    total $64,732 · program services $60,725 · fundraising $4,007

  • 23 · Insurance

    total $7,036 · program services $4,633 · management and general $934 · fundraising $1,469

  • 24a · Other expenses: SERVICE CONTRACTS

    total $289,605 · program services $289,605

  • 24b · Other expenses: INTERNAL TEAM MEETINGS

    total $22,088 · program services $14,675 · management and general $2,881 · fundraising $4,532

  • 24c · Other expenses: PROFESSIONAL DEVELOPMEN

    total $9,686 · program services $6,389 · management and general $729 · fundraising $2,568

  • 24d · Other expenses: LICENSES AND FEES

    total $4,480 · program services $334 · management and general $499 · fundraising $3,647

  • 24e · All other expenses

    total $7,681 · program services $4,548 · management and general $2,182 · fundraising $951

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $832,704 · end of year $837,779

  • 2 · Savings and temporary cash investments

    beginning of year $459 · end of year $4,014,391

  • 3 · Pledges and grants receivable

    beginning of year $5,429,367 · end of year $2,906,655

  • 4 · Accounts receivable

    beginning of year $818

  • 9 · Prepaid expenses and deferred charges

    beginning of year $45,630 · end of year $60,041

  • 11 · Investments: publicly traded securities

    beginning of year $11,197,844 · end of year $7,019,517

  • 15 · Other assets

    beginning of year $134,927 · end of year $347,514

  • 17 · Accounts payable and accrued expenses

    beginning of year $182,096 · end of year $315,974

  • 18 · Grants payable

    beginning of year $250,000 · end of year $85,000

  • 25 · Other liabilities

    beginning of year $150,394 · end of year $340,175

  • 27 · Net assets without donor restrictions

    beginning of year $5,754,017 · end of year $5,568,748

  • 28 · Net assets with donor restrictions

    beginning of year $11,305,242 · end of year $8,876,000

Mission and programs · 2023

Mission

EDUCATION FORWARD DC (ED FORWARD DC) WORKS TO MAKE SURE EVERY DC STUDENT THRIVES BY SUPPORTING AND ADVANCING HIGH-QUALITY AND EQUITABLE EDUCATIONAL EXPERIENCES THAT ENSURE EVERY STUDENT EXCELS.

Activities or mission (Part I)

TO SUPPORT EDUCATION LEADERS AS THEY STRIVE TO CREATE HIGH-QUALITY, EQUITABLE DC PUBLIC SCHOOLS.

  • SCHOOLS AND TALENT - TO ACCELERATE INNOVATION AND IMPROVEMENT IN D.C.'S EDUCATION SYSTEM, ED FORWARD DC SUPPORTS A PORTFOLIO OF SCHOOLS DESIGNED TO SERVE AT-RISK AND SPECIAL EDUCATION STUDENTS WELL AND HUMAN CAPITAL ORGANIZATIONS TO ENSURE THAT SCHOOLS HAVE GREAT TEACHERS AND LEADERS.

    Expenses $5,861,171 · Grants $4,718,249

  • ADVOCACY AND PUBLIC ENGAGEMENT - ED FORWARD DC BELIEVES THAT EDUCATION POLICIES SHOULD SUSTAIN D.C.'S PROGRESS THAT CREATE THE CONDITIONS UNDER WHICH GREAT SCHOOLS CAN OPEN AND GROW. SCHOOLS SHOULD REFLECT THE CITYWIDE DIVERSITY OF STUDENT NEEDS AND INTERESTS SO THAT EVERY STUDENT CAN GROW.

    Expenses $4,560,861 · Grants $3,799,608

  • OTHER PROGRAMS

    Expenses $836,778

As filed on the 2023 return.

Listed in Part VII

  • REV DR KENDRICK E CURRY

    CHAIR UNTIL 06/24

    Total calculated
    $0
    Hours/week
    1

  • ABIGAIL SMITH

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • SHIVAM MALLICK SHAH

    TREASURER UNTIL 06/24

    Total calculated
    $0
    Hours/week
    1

  • KEVIN BORGMANN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PATRICK DOBARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOSH EDELMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • THALY GERMAIN

    DIRECTOR UNTIL 08/23

    Total calculated
    $0
    Hours/week
    1

  • CHERYL HOLCOMB-MCCOY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CLAUDIA LUJAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARISA PARRELLA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TIFFANY WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BISI OYEDELE

    CEO

    Total calculated
    $334,184
    From this org
    $293,283
    From related orgs
    $0
    Other
    $40,901
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $293,283
    Bonus
    $0
    Other
    $0
    Deferred
    $12,161
    Nontaxable benefits
    $28,740
    Filer's total
    $334,184

  • FONDA SUTTON

    PARTNER, PUBLIC ENGAGEMENT

    Total calculated
    $227,818
    From this org
    $206,415
    From related orgs
    $0
    Other
    $21,403
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,415
    Bonus
    $0
    Other
    $0
    Deferred
    $5,789
    Nontaxable benefits
    $15,614
    Filer's total
    $227,818

  • MARGIE YEAGER

    MANAGING PARTNER

    Total calculated
    $290,502
    From this org
    $242,500
    From related orgs
    $0
    Other
    $48,002
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,500
    Bonus
    $20,000
    Other
    $0
    Deferred
    $10,270
    Nontaxable benefits
    $37,732
    Filer's total
    $290,502

  • ERIN SHEEHY

    PARTNER, EXTERNAL RELATION

    Total calculated
    $212,866
    From this org
    $205,541
    From related orgs
    $0
    Other
    $7,325
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,541
    Bonus
    $10,000
    Other
    $0
    Deferred
    $5,418
    Nontaxable benefits
    $1,907
    Filer's total
    $212,866

  • VICKI KOUSSOGLOU

    CHIEF OPERATING OFFICER

    Total calculated
    $214,259
    From this org
    $195,226
    From related orgs
    $0
    Other
    $19,033
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,226
    Bonus
    $10,000
    Other
    $0
    Deferred
    $7,974
    Nontaxable benefits
    $11,059
    Filer's total
    $214,259

  • MATTHEW NOCELLA

    SENIOR MANAGER, COMMUNICATIONS

    Total calculated
    $140,036
    From this org
    $125,932
    From related orgs
    $0
    Other
    $14,104
    Hours/week
    40

  • MICHAEL DELGADO

    SENIOR MANAGER, DEVELOPMENT

    Total calculated
    $126,732
    From this org
    $113,326
    From related orgs
    $0
    Other
    $13,406
    Hours/week
    40

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
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
MARGERY YEAGER, ERIN SHEEHY, AND VIKI KOUSSOGLOU RECEIVED RETENTION BONUSES DURING CALENDAR YEAR 2023.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 December 2024
IRS schema version
2023v5.1
Source object
202423489349300042

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.