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Nonprofiteer
← EDUCATE

Form 990 for tax year 2023

Filed by EDUCATE.

Totals

Total revenue
$11,066,112
Total expenses
$9,238,258
Contributions and grants received
$10,231,598
Grants paid
$139,770
Program service revenue
$5,000
Investment income
$821,610
Other revenue
$7,904
Total assets, end of year
$24,476,242
Total liabilities, end of year
$309,474
Net assets or fund balances, end of year
$24,166,768
Program services expenses (Part IX)
$8,200,462
Management and general expenses
$521,460
Fundraising expenses
$516,336
Program service expenses (Part III)
$8,200,462

Program services were 88.8% 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

    $10,231,598

  • 2a · Program service revenue: Program Fees

    total $5,000 · related or exempt $5,000

  • 3 · Investment income

    total $821,610 · excluded $821,610

  • 11a · Other revenue: Other revenue

    total $7,904 · excluded $7,904

  • 11e · Other revenue, total

    $7,904

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $139,770 · program services $139,770

  • 5 · Compensation of officers, directors and key employees

    total $619,128 · program services $539,044 · management and general $30,375 · fundraising $49,709

  • 7 · Other salaries and wages

    total $3,877,198 · program services $3,375,680 · management and general $190,217 · fundraising $311,301

  • 8 · Pension plan contributions

    total $13,211 · program services $11,502 · management and general $649 · fundraising $1,060

  • 9 · Other employee benefits

    total $318,500 · program services $274,405 · management and general $15,379 · fundraising $28,716

  • 10 · Payroll taxes

    total $459,159 · program services $399,767 · management and general $22,527 · fundraising $36,865

  • 11b · Fees: legal

    total $20,085 · program services $16,684 · management and general $3,401

  • 11c · Fees: accounting

    total $107,130 · management and general $107,130

  • 11g · Fees: other

    total $954,307 · program services $836,322 · management and general $87,345 · fundraising $30,640

  • 12 · Advertising and promotion

    total $19,593 · program services $13,783 · management and general $5,266 · fundraising $544

  • 13 · Office expenses

    total $116,489 · program services $92,314 · management and general $18,074 · fundraising $6,101

  • 14 · Information technology

    total $288,022 · program services $266,192 · management and general $13,058 · fundraising $8,772

  • 16 · Occupancy

    total $108,740 · program services $94,209 · management and general $259 · fundraising $14,272

  • 17 · Travel

    total $1,778,261 · program services $1,728,753 · management and general $24,418 · fundraising $25,090

  • 19 · Conferences, conventions and meetings

    total $205,397 · program services $199,679 · management and general $2,820 · fundraising $2,898

  • 23 · Insurance

    total $19,176 · program services $18,706 · management and general $470

  • 24a · Other expenses: Program Supplies

    total $172,746 · program services $172,306 · management and general $72 · fundraising $368

  • 24b · Other expenses: Fees, permits, licenses

    total $21,346 · program services $21,346

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,910,653 · end of year $3,633,285

  • 2 · Savings and temporary cash investments

    beginning of year $8,513,166 · end of year $6,415,603

  • 3 · Pledges and grants receivable

    beginning of year $1,118,034 · end of year $4,206,705

  • 4 · Accounts receivable

    beginning of year $34,613 · end of year $21,979

  • 9 · Prepaid expenses and deferred charges

    beginning of year $44,021 · end of year $75,632

  • 12 · Investments: other securities

    end of year $3,070,192

  • 15 · Other assets

    beginning of year $10,000,000 · end of year $7,052,846

  • 17 · Accounts payable and accrued expenses

    beginning of year $292,589 · end of year $259,216

  • 25 · Other liabilities

    beginning of year $0 · end of year $50,258

  • 27 · Net assets without donor restrictions

    beginning of year $9,027,898 · end of year $9,460,235

  • 28 · Net assets with donor restrictions

    beginning of year $13,300,000 · end of year $14,706,533

Mission and programs · 2023

Mission

Educate! is a nonprofit organization incorporated in 2005 under the laws of the State of Colorado with operations in Uganda, Rwanda, Kenya, and Tanzania for the purpose of preparing youth in Africa with the skills to succeed in today's economy. Educate! creates a core learning experience that delivers essential skills youth need to transition to work, particularly in Africa's huge informal economy. This experience combines skills training, mentorship, and practical experience starting a business. Educate! delivers this experience by:1) introducing an employment-focused school subject in secondary education, and2) delivering livelihood boot camps for out-of-school youth, with a focus on marginalized rural girls and young women.

Activities or mission (Part I)

Educate!'s mission is to develop young leaders and entrepreneurs in Africa. See Part III

  • Educate! is a nonprofit organization incorporated in 2005 under the laws of the State of Colorado with operations in Uganda, Rwanda, Tanzania and Kenya for the purpose of preparing youth in Africa with the skills to succeed in today's economy. Educate!'s mission is to develop young leaders and entrepreneurs in Africa. Educate! delivers a practical and relevant model of education to youth in Uganda, Rwanda, and Kenya, comprised of a leadership and entrepreneurship course, interactive teaching, intensive mentorship, experience starting an enterprise.Educate! delivers this experience by:1) introducing an employment-focused school subject in secondary education, and2) delivering livelihood boot camps for out-of-school youth, with a focus on marginalized rural girls and young women.

    Expenses $8,200,462 · Grants $139,770 · Revenue $5,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Eric Glustrom

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Amy Kates

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Jeff Aludo

    Member

    Total calculated
    $0
    Hours/week
    2

  • Radhika Malpani

    Member

    Total calculated
    $0
    Hours/week
    2

  • Nikita Miller

    Member

    Total calculated
    $0
    Hours/week
    2

  • Dzingai Mutumbuka

    Member

    Total calculated
    $0
    Hours/week
    2

  • Boris Bulayev

    CEO & Co-Founder

    Total calculated
    $196,992
    From this org
    $179,901
    From related orgs
    $0
    Other
    $17,091
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $179,901
    Bonus
    $0
    Other
    $0
    Deferred
    $5,960
    Nontaxable benefits
    $11,131
    Filer's total
    $196,992

  • Margaret Appleton

    Chief Operating Officer

    Total calculated
    $156,745
    From this org
    $152,250
    From related orgs
    $0
    Other
    $4,495
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $152,250
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $4,495
    Filer's total
    $156,745

  • Ivan Ssenfuma

    Chief Financial Officer

    Total calculated
    $136,043
    From this org
    $136,043
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

  • Kayode Kolade

    Deputy Chief Operating Officer

    Total calculated
    $129,348
    From this org
    $129,348
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

  • Alexander Kelly

    Global Dir of Growth and Revenue

    Total calculated
    $138,107
    From this org
    $130,595
    From related orgs
    $0
    Other
    $7,512
    Hours/week
    50

  • Meghan Mahoney

    Global Dir of Research, Measurement, & Evaluation

    Total calculated
    $131,650
    From this org
    $115,396
    From related orgs
    $0
    Other
    $16,254
    Hours/week
    50

  • Elana Pollack

    Director of Talent

    Total calculated
    $113,497
    From this org
    $107,863
    From related orgs
    $0
    Other
    $5,634
    Hours/week
    50

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 · 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

No itemized grants to organizations on this return.

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.

Related corporations and trusts

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

  • Skilled Learning Inc

    C · Hold investment in Learning Point Ltd. (program related) · DE · 100% owned · share of assets $1,088,466 · controlled entity

    Directly controlled by Educate

  • Learning Point Limited

    C · Develop young leaders and entrepreneurs in Africa · KE · 100% owned · share of income $294 · share of assets $2,442 · controlled entity

    Directly controlled by Educate

Provenance

Return type
form_990
Tax year
2023
Filed
27 August 2024
IRS schema version
2023v5.1
Source object
202432479349300603

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