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Nonprofiteer
← EDUCATIONAL DEVELOPERS INC

Form 990 for tax year 2023

Filed by EDUCATIONAL DEVELOPERS INC.

Totals

Total revenue
$18,835,923
Total expenses
$7,870,568
Contributions and grants received
$74,385
Grants paid
$7,364,516
Program service revenue
$0
Investment income
$18,761,538
Other revenue
$0
Total assets, end of year
$45,377,106
Total liabilities, end of year
$59,416
Net assets or fund balances, end of year
$45,317,690
Program services expenses (Part IX)
$7,364,516
Management and general expenses
$506,052
Fundraising expenses
$0
Program service expenses (Part III)
$7,364,516

Program services were 93.6% 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.

  • 1d · Related organizations

    $74,385

  • 1f · All other contributions, gifts and grants

    $0

  • 3 · Investment income

    total $1,149,886 · excluded $1,149,886

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $7,772,409 · other assets $38,692,923

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

    securities $7,732,416 · other assets $21,121,264

  • 7c · Gain or loss

    securities $39,993 · other assets $17,571,659

  • 7d · Net gain or loss

    total $17,611,652 · excluded $17,611,652

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,364,516 · program services $7,364,516

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $29,925 · management and general $29,925

  • 11c · Fees: accounting

    total $364,387 · management and general $364,387

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $998 · program services $0 · management and general $998 · fundraising $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: FX LOSSES

    total $103,951 · program services $0 · management and general $103,951 · fundraising $0

  • 24b · Other expenses: BANK CHARGES

    total $6,791 · program services $0 · management and general $6,791 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $47,050 · end of year $32,280,732

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $3,040,268 · end of year $3,172,036

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $978 · end of year $66

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $283,513 · end of year $0

  • 12 · Investments: other securities

    beginning of year $9,831,024 · end of year $9,924,272

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $51,560 · end of year $59,416

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $13,151,273 · end of year $45,317,690

Mission and programs · 2023

Mission

THE ENTITY IS ORGANIZED TO PROMOTE, SPONSOR, AND DONATE FUNDS TO EDUCATIONAL ORGANIZATIONS IN THE U.S. AND LATIN AMERICA.

  • PROMOTE AND SPONSOR EDUCATIONAL AND CHARITABLE ACTIVITIES IN THE U.S. AND LATIN AMERICA. DONATE FUNDS TO EDUCATIONAL ORGANIZATIONS WHICH ARE DESCRIBED IN REVENUE CODE SECTION 170(B)(1)(A)(II).

    Expenses $7,364,516 · Grants $7,364,516

As filed on the 2023 return.

Listed in Part VII

  • Jesus Villagrasa

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jose G Cardenas

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Luis Alberto Henao

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Hernan Jimenez

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • John Connor

    president

    Total calculated
    $0
    Hours/week
    2

  • Frank Formolo

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    2

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.

Grants on this return

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • D'Brains LLC

    Holding · TX · income $18,274,847 · assets $42,356,129

    Directly controlled by E Developer

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Proyekta LLC

    C · holding co · DE · 90% owned · share of income $149,751 · share of assets $2,142,716 · controlled entity

    Directly controlled by Proyekta Holdin

  • Proyekta Holdings Inc

    C · Holding CO · DE · 100% owned · share of income $0 · share of assets $1,565,334 · controlled entity

    Directly controlled by Educational Dev

  • Eduexperts Inc

    C · Holding Co · DE · 100% owned · share of income $312,235 · share of assets $3,078,689 · controlled entity

    Directly controlled by Educational Dev

  • EDUEXPERTS S DE RL DE CV

    C · EDUCATION · MX · 100% owned · share of income $9,820,591 · share of assets $1,302,385 · controlled entity

    Directly controlled by EDUEXPERTS INC

  • CREACIONES WEB S DE RL DE CV

    C · RELIGIOUS · MX · 89.882% owned · share of income $0 · share of assets $71,177 · controlled entity

    Directly controlled by PROYECTA LLC

  • AULA 24HORAS SA DE CV

    C · RELIGIOUS · MX · 90% owned · share of income $393,049 · share of assets $355,540 · controlled entity

    Directly controlled by PROYEKTA LLC

  • ASESORIA Y SERVICIOS aula 24horas chile

    C · RELIGIOUS · CI · 90% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by PROYEKTA LLC

  • AULA 24HORAS CHILE SA

    C · RELIGIOUS · CI · 66.105% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by PROYEKTA LLC

  • SISTEMA DE APRENDIZAJE INTEGRAL ANAHUAC

    C · RELIGIOUS · MX · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by D'BRAINS LLC

  • INTERFAME SA DE CV

    C · RELIGIOUS · MX · 100% owned · share of income $0 · share of assets $841,174 · controlled entity

    Directly controlled by D'BRAINS LLC

  • CENTRO DE EDUCACION PROFESIONAL Y EMPRES

    C · RELIGIOUS · MX · 100% owned · share of income $3,871,992 · share of assets $2,563,826 · controlled entity

    Directly controlled by D'BRAINS LLC

  • FRANQUICIAS EDUCATIVAS SA DE CV

    C · RELIGIOUS · MX · 100% owned · share of income $0 · share of assets $5,824,861 · controlled entity

    Directly controlled by D'BRAINS LLC

  • DESARROLLOS INMOBILIARIOS UNID SA DE CV

    C · RELIGIOUS · MX · 100% owned · share of income $978,946 · share of assets $6,083,141 · controlled entity

    Directly controlled by D'BRAINS LLC

  • EDIFICACIONES Y DESARROLLOS MONTE ARARAT

    C · RELIGIOUS · MX · 100% owned · share of income $729 · share of assets $2,941,685 · controlled entity

    Directly controlled by D'BRAINS LLC

  • NGT MEXICO SA DE CV

    C · RELIGIOUS · MX · 100% owned · share of income $680,490 · share of assets $209,899 · controlled entity

    Directly controlled by D'BRAINS LLC

  • SISTEMAS PARA COLEGIOS SA DE CV

    C · RELIGIOUS · MX · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by D'BRAINS LLC

  • GI ALMA GRANDE SA DE CV

    C · RELIGIOUS · MX · 100% owned · share of income $1,067,445 · share of assets $430,185 · controlled entity

    Directly controlled by D'BRAINS LLC

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

1 distribution to a recipient named as a person, $38,636,003. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423419349300307

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