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Nonprofiteer
← STRADA COLLABORATIVE INC

Form 990 for tax year 2023

Filed by STRADA COLLABORATIVE INC.

Totals

Total revenue
$74,422,160
Total expenses
$127,845,259
Contributions and grants received
$26,757,868
Grants paid
$49,240,684
Program service revenue
$47,524,872
Investment income
$0
Other revenue
$139,420
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$102,759,055
Management and general expenses
$20,949,528
Fundraising expenses
$4,136,676
Program service expenses (Part III)
$102,759,055

Program services were 80.4% 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

    $3,827,500

  • 1e · Government grants (contributions)

    $3,430,718

  • 1f · All other contributions, gifts and grants

    $19,499,650

  • 2a · Program service revenue: COACHING & GUIDANCE

    total $28,848,128 · related or exempt $28,832,981 · unrelated business $15,147

  • 2b · Program service revenue: WORK BASED LEARNING

    total $18,136,006 · related or exempt $18,136,006

  • 2c · Program service revenue: STUDENT AFFORDABILITY

    total $540,738 · related or exempt $540,738

  • 5 · Royalties

    total $36,492 · excluded $36,492

  • 6a · Gross rents

    real property $181,483

  • 6b · Less rental expenses

    real property $107,046

  • 6c · Rental income or loss

    real property $74,437

  • 6d · Net rental income or loss

    total $74,437 · excluded $74,437

  • 11a · Other revenue: REIMB. FROM AFFILIATES

    total $28,491 · related or exempt $28,491

  • 11e · Other revenue, total

    $28,491

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $49,240,684 · program services $49,240,684

  • 5 · Compensation of officers, directors and key employees

    total $1,990,706 · management and general $1,990,706

  • 7 · Other salaries and wages

    total $44,390,683 · program services $31,691,432 · management and general $9,517,150 · fundraising $3,182,101

  • 9 · Other employee benefits

    total $6,606,813 · program services $4,975,009 · management and general $1,422,207 · fundraising $209,597

  • 10 · Payroll taxes

    total $3,796,282 · program services $2,733,002 · management and general $840,866 · fundraising $222,414

  • 11c · Fees: accounting

    total $15,860 · management and general $15,860

  • 11g · Fees: other

    total $6,744,441 · program services $5,213,311 · management and general $1,480,330 · fundraising $50,800

  • 12 · Advertising and promotion

    total $657,151 · program services $237,554 · management and general $417,774 · fundraising $1,823

  • 13 · Office expenses

    total $566,696 · program services $34,649 · management and general $532,047

  • 14 · Information technology

    total $3,927,114 · program services $3,373,925 · management and general $478,506 · fundraising $74,683

  • 16 · Occupancy

    total $1,798,683 · program services $1,562,657 · management and general $201,436 · fundraising $34,590

  • 17 · Travel

    total $1,770,239 · program services $987,592 · management and general $508,337 · fundraising $274,310

  • 19 · Conferences, conventions and meetings

    total $973,413 · program services $371,172 · management and general $517,212 · fundraising $85,029

  • 22 · Depreciation, depletion and amortization

    total $4,808,146 · program services $1,878,454 · management and general $2,929,692

  • 23 · Insurance

    total $10,001 · program services $173 · management and general $9,828

  • 24a · Other expenses: BAD DEBT

    total $313,142 · program services $313,142 · management and general $0 · fundraising $0

  • 24b · Other expenses: EVENT EXPENSE

    total $185,370 · program services $146,299 · management and general $37,742 · fundraising $1,329

  • 24c · Other expenses: FEDERAL AND STATE TAXES

    total $49,835 · program services $0 · management and general $49,835 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,492,658 · end of year $0

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $30,461,065 · end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,751,961 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $2,034,934 · end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    beginning of year $12,516,650 · end of year $0

  • 15 · Other assets

    beginning of year $5,746,264 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,656,589 · end of year $0

  • 19 · Deferred revenue

    beginning of year $4,001,419 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $3,364,229 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $27,625,295 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $15,356,000 · end of year $0

Mission and programs · 2023

Mission

TO EMPOWER ALL LEARNERS - AND THOSE WHO SERVE THEM - STRADA COLLABORATIVE, INC. PROVIDES CRITICAL RESOURCES, EDUCATIONAL SUPPORT, AND CAREER EXPERIENCES LEADING TO EQUITABLE EDUCATION AND EMPLOYMENT PATHWAYS.

  • COACHING & GUIDANCE - TO INSPIRE AND EMPOWER STUDENTS TO FIND THEIR LIFE PATH THROUGH EDUCATIONAL CURRICLA AND HANDS-ON EXPERIENCES ASSOCIATED WITH SAID CURRICULA.IMPLEMENTS COACHING (I.E., TRAINING AN INDIVIDUAL FOR THE PURPOSE OF IMPROVING OR DEVELOPING CAPABILIITES) PROGRAMS THAT IMPROVE EDUCATIONAL AND CAREER OUTCOMES FOR LEARNERS INCLUDING ADULT, DISTANCE AND UNDERREPRESENTED POPULATIONS. COACHING ACTIVITIES INCLUDE FACE TO FACE COACHING AT EDUCATIONAL INSTITUTIONS AND EMPLOYERS, AND REMOTE COACHING BY PHONE, EMAIL AND VIRTUAL COMMUNICATION METHODS TO INCREASE THE ACCESSIBIITY OF COACHING TO DISTANCE, ADULT, MILITARY AND OTHER LEARNERS. PROVIDES INSTRUCTION TO EDUCATIONAL INSTITUTIONS ON HOW TO COACH STUDENTS, INCLUDING HOW TO DEVELOP COACHING MODELS TAILORED TO KEY STUDENT POPULATIONS SUCH AS MILITARY, DISTANCE, AND UNDERREPRESENTED STUDENTS.INCLUDES CURRICULUM AND OTHER MEDIA CONTENT DESIGNED TO HELP LEARNERS IDENTIFY CAREERS BASED ON THEIR INTERESTS AND VIDEO TESTIMONIALS FROM PROFESSIONALS IN RELEVANT FIELDS WHO SHARE THEIR BACKGROUNDS. THE CONTENT IS DISTRIBUTED TO A WIDE VARIETY OF DIFFERENT PARTNERS INCLUDING STATE AND LOCAL GOVERNMENTS AND LOCAL WORKFORCE AGENCIES. CREATE AND MAINTAIN A MEMBERSHIP ORGANIZATION THAT PROVIDES A NEWSLETTER, WEBINARS AND JOB AIDES ALONG WITH AN ANNUAL CONFERENCE.

    Expenses $87,870,369 · Grants $49,240,684 · Revenue $28,848,128

  • STUDENT AFFORDABILITY - PROVIDES A PRIOR LEARNING ASSESSMENT TOOL WHICH ENABLES INSTITUTIONS, EMPLOYERS, AND STATE SYSTEMS OF HIGHER LEARNING TO PROVIDE INDIVIDUALS CREDITS TOWARD A DEGREE OR CERTIFICATE OF COMPLETION.PROVIDES FINANCIAL TUITION ASSISTANCE TO COLLEGE STUDENTS INVOLVED IN STRADA EDUCATION FOUNDATION, INC. WORK-BASED LEARNING ACTIVITIES TO HELP THEM DEVELOP SKILLS, EARN DEGREES, AND IMPROVE INITIAL CAREER SUCCESS.

    Expenses $829,694 · Revenue $540,738

  • WORK BASED LEARNING - PROVIDES COLLEGE STUDENTS, MANY OF WHICH WILL BE FIRST GENERATION COLLEGE STUDENTS, EMPLOYMENT THROUGH ENTRY LEVEL SERVICE POSITIONS THAT TEACH "FOUNDATIONAL" JOB SKILLS LIKE TIME MANAGEMENT, COMMUNICATION, COLLABORATION, PROBLEM SOLVING, AND CRITICAL THINKING WHICH, ALONG WITH A DEGREE, WILL HELP THEM SECURE FULL-TIME EMPLOYMENT. WORKING WITH EDUCATION INDUSTRY PARTNERS, REGIONAL INDUSTRY COALITIONS, AND ECONOMIC DEVELOPERS TO ENSURE WORKERS ARE RESKILLING AND UPSKILLING THROUGH ACCESS TO CURRICULA AND TRAINING LINKED TO CAREER OPPORTUNITIES.

    Expenses $14,058,992 · Revenue $18,164,497

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

Listed in Part VII

  • Ruth Watkins

    BOARD MEMBER

    Total calculated
    $1,022,097
    From this org
    $0
    From related orgs
    $920,701
    Other
    $101,396
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $527,853 related
    Bonus
    $0 + $365,740 related
    Other
    $0 + $27,108 related
    Deferred
    $0 + $67,350 related
    Nontaxable benefits
    $0 + $34,046 related
    Filer's total
    $0 + $1,022,097 related

  • Larry Lutz

    BOARD MEMBER/VICE CHAIR

    Total calculated
    $725,150
    From this org
    $0
    From related orgs
    $647,756
    Other
    $77,394
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $379,273 related
    Bonus
    $0 + $209,286 related
    Other
    $0 + $59,197 related
    Deferred
    $0 + $36,778 related
    Nontaxable benefits
    $0 + $40,616 related
    Filer's total
    $0 + $725,150 related

  • Thomas Dawson

    PRESIDENT/CHAIRMAN

    Total calculated
    $710,076
    From this org
    $0
    From related orgs
    $632,108
    Other
    $77,968
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $381,761 related
    Bonus
    $0 + $207,735 related
    Other
    $0 + $42,612 related
    Deferred
    $0 + $34,202 related
    Nontaxable benefits
    $0 + $43,766 related
    Filer's total
    $0 + $710,076 related

  • Daryl Graham

    BOARD MEMBER

    Total calculated
    $459,523
    From this org
    $0
    From related orgs
    $416,968
    Other
    $42,555
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $260,223 related
    Bonus
    $0 + $131,766 related
    Other
    $0 + $24,979 related
    Deferred
    $0 + $16,959 related
    Nontaxable benefits
    $0 + $25,596 related
    Filer's total
    $0 + $459,523 related

  • Rhonda Powell Dir As Of 223

    INT. SEC. (THRU 7/23)

    Total calculated
    $609,082
    From this org
    $0
    From related orgs
    $551,337
    Other
    $57,745
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $367,239 related
    Bonus
    $0 + $160,000 related
    Other
    $0 + $24,098 related
    Deferred
    $0 + $31,037 related
    Nontaxable benefits
    $0 + $26,708 related
    Filer's total
    $0 + $609,082 related

  • Michael Austin

    TREASURER

    Total calculated
    $714,594
    From this org
    $0
    From related orgs
    $633,422
    Other
    $81,172
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $378,523 related
    Bonus
    $0 + $202,793 related
    Other
    $0 + $52,106 related
    Deferred
    $0 + $37,671 related
    Nontaxable benefits
    $0 + $43,501 related
    Filer's total
    $0 + $714,594 related

  • Julie Ragsdale

    SECRETARY (THRU 05/23)

    Total calculated
    $222,206
    From this org
    $0
    From related orgs
    $214,980
    Other
    $7,226
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $71,285 related
    Bonus
    $0 + $107,854 related
    Other
    $0 + $35,841 related
    Deferred
    $0 + $7,226 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $222,206 related

  • Davina Biddle

    SECRETARY (AS OF 07/23)

    Total calculated
    $218,248
    From this org
    $192,505
    From related orgs
    $0
    Other
    $25,743
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $130,915
    Bonus
    $48,000
    Other
    $13,590
    Deferred
    $4,460
    Nontaxable benefits
    $21,283
    Filer's total
    $218,248

  • Ruth White

    PRESIDENT - ITK

    Total calculated
    $458,313
    From this org
    $432,333
    From related orgs
    $0
    Other
    $25,980
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $286,203
    Bonus
    $144,900
    Other
    $1,230
    Deferred
    $13,200
    Nontaxable benefits
    $12,780
    Filer's total
    $458,313

  • Michael Marriner

    PRESIDENT - RTN

    Total calculated
    $449,226
    From this org
    $414,615
    From related orgs
    $0
    Other
    $34,611
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $276,277
    Bonus
    $138,006
    Other
    $332
    Deferred
    $13,200
    Nontaxable benefits
    $21,411
    Filer's total
    $449,226

  • Earl Buford

    PRESIDENT - CAEL

    Total calculated
    $445,067
    From this org
    $419,101
    From related orgs
    $0
    Other
    $25,966
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $271,388
    Bonus
    $137,827
    Other
    $9,886
    Deferred
    $13,200
    Nontaxable benefits
    $12,766
    Filer's total
    $445,067

  • Jaime Nunez

    PRESIDENT - EAW

    Total calculated
    $419,852
    From this org
    $378,730
    From related orgs
    $0
    Other
    $41,122
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $267,077
    Bonus
    $110,700
    Other
    $953
    Deferred
    $13,200
    Nontaxable benefits
    $27,922
    Filer's total
    $419,852

  • Kai Drekmeier

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $358,826
    From this org
    $316,856
    From related orgs
    $0
    Other
    $41,970
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $216,901
    Bonus
    $98,384
    Other
    $1,571
    Deferred
    $13,080
    Nontaxable benefits
    $28,890
    Filer's total
    $358,826

  • Stephen Ast

    AVP, PARTNER SUCCESS

    Total calculated
    $310,973
    From this org
    $283,604
    From related orgs
    $0
    Other
    $27,369
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,498
    Bonus
    $69,960
    Other
    $1,146
    Deferred
    $11,470
    Nontaxable benefits
    $15,899
    Filer's total
    $310,973

  • Brian McAllister

    COO

    Total calculated
    $287,132
    From this org
    $248,418
    From related orgs
    $0
    Other
    $38,714
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,226
    Bonus
    $36,900
    Other
    $292
    Deferred
    $10,476
    Nontaxable benefits
    $28,238
    Filer's total
    $287,132

  • Meaghan Joyce

    VP OF SOLUTIONS

    Total calculated
    $238,906
    From this org
    $229,726
    From related orgs
    $0
    Other
    $9,180
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,327
    Bonus
    $37,946
    Other
    $2,453
    Deferred
    $9,180
    Nontaxable benefits
    $0
    Filer's total
    $238,906

  • Riikka Marr

    SVP FINANCE

    Total calculated
    $238,793
    From this org
    $229,622
    From related orgs
    $0
    Other
    $9,171
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,293
    Bonus
    $37,752
    Other
    $2,577
    Deferred
    $9,171
    Nontaxable benefits
    $0
    Filer's total
    $238,793

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

  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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 3
STRADA EDUCATION FOUNDATION, INC., A RELATED ENTITY OF STRADA COLLABORATIVE, INC., USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 4B:
ELIGIBLE EMPLOYEES PARTICIPATE IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN UNDER CODE SECTION 457(F). ANY AMOUNTS ULTIMATELY PAID UNDER THE PLAN TO AN ELIGIBLE EMPLOYEE ARE REPORTED AS COMPENSATION ON FORM 990, SCHEDULE J, PART II, COLUMN B IN THE YEAR PAID. PAYMENTS UNDER THE 457(F) PLAN WERE MADE DURING CALENDAR YEAR 2023 TO THE FOLLOWING LISTED PERSONS IN PART VII: MICHAEL AUSTIN - $6,598 THOMAS DAWSON - $19,286 DARYL GRAHAM - $812 LARRY LUTZ - $22,211
PART I, LINE 7:
ELIGIBLE EMPLOYEES PARTICIPATE IN THE INCENTIVE PAY PROGRAMS BASED ON CERTAIN ELIGIBILITY REQUIREMENTS AND ANY PAYMENTS ARE DETERMINED BY OVERALL ACHIEVEMENT OF ESTABLISHED BUSINESS GOALS FOR EACH DIVISION OF STRADA COLLABORATIVE, INC., ALONG WITH THE EMPLOYEES' ACHIEVEMENT OF PERSONAL GOALS AND OBJECTIVES, AS ASSESSED BY MANAGEMENT AND THE HR TEAM. PAYMENTS UNDER THE INCENTIVE PROGRAMS ARE EVALUATED AND ASSESSED FOR REASONABLENESS AND EQUITY BY THE HR TEAM OF THE PARENT ORGANIZATION.

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

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.

Related corporations and trusts

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

  • STRADA SOLUTIONS INC

    C · HOLDING COMPANY · DE · controlled entity

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.

  • STRADA EDUCATION FOUNDATION INC

    $10,298,276

    Liquidation · TRANSFER OF ASSETS, LIABILITIES AND NET ASSETS TO STRADA EDUCATION FOUNDATION, INC. · Dec 31, 2023 · 501(C)(3)

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202433199349318473

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