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Nonprofiteer
← STRADA EDUCATION FOUNDATION INC

Form 990 for tax year 2024

Filed by STRADA EDUCATION FOUNDATION INC.

Totals

Total revenue
$207,660,821
Total expenses
$180,502,322
Contributions and grants received
$14,671,218
Grants paid
$27,652,991
Program service revenue
$37,612,860
Investment income
$155,164,045
Other revenue
$212,698
Total assets, end of year
$1,837,044,236
Total liabilities, end of year
$76,901,907
Net assets or fund balances, end of year
$1,760,142,329
Program services expenses (Part IX)
$91,388,896
Management and general expenses
$84,890,352
Fundraising expenses
$4,223,074
Program service expenses (Part III)
$91,388,896

Program services were 50.6% 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.

  • 1e · Government grants (contributions)

    $1,116,230

  • 1f · All other contributions, gifts and grants

    $13,554,988

  • 2a · Program service revenue: EDUC. TO OPP. SERVICES

    total $37,612,860 · related or exempt $37,612,860

  • 3 · Investment income

    total $34,403,132 · unrelated business $3,778,942 · excluded $30,624,190

  • 5 · Royalties

    total $9,702 · excluded $9,702

  • 6a · Gross rents

    real property $179,321

  • 6b · Less rental expenses

    real property $99,483

  • 6c · Rental income or loss

    real property $79,838

  • 6d · Net rental income or loss

    total $79,838 · excluded $79,838

  • 7a · Gross sales of assets other than inventory

    securities $470,766,939

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

    securities $350,006,026

  • 7c · Gain or loss

    securities $120,760,913

  • 7d · Net gain or loss

    total $120,760,913 · excluded $120,760,913

  • 11a · Other revenue: BUSINESS OPS. SUPPORT

    total $63,797 · related or exempt $0 · unrelated business $63,797 · excluded $0

  • 11b · Other revenue: EXECUTIVE SERVICES

    total $59,361 · related or exempt $0 · unrelated business $59,361 · excluded $0

  • 11e · Other revenue, total

    $123,158

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $27,652,991 · program services $27,652,991

  • 5 · Compensation of officers, directors and key employees

    total $11,943,593 · program services $2,732,108 · management and general $9,211,485

  • 7 · Other salaries and wages

    total $63,210,350 · program services $29,219,631 · management and general $30,926,791 · fundraising $3,063,928

  • 8 · Pension plan contributions

    total $4,220,400 · program services $1,608,499 · management and general $2,476,224 · fundraising $135,677

  • 9 · Other employee benefits

    total $7,862,769 · program services $3,629,313 · management and general $4,157,117 · fundraising $76,339

  • 10 · Payroll taxes

    total $5,461,347 · program services $3,292,398 · management and general $1,913,257 · fundraising $255,692

  • 11b · Fees: legal

    total $1,204,226 · management and general $1,204,226

  • 11c · Fees: accounting

    total $568,046 · management and general $568,046

  • 11f · Fees: investment management

    total $16,955,524 · management and general $16,955,524

  • 11g · Fees: other

    total $17,012,463 · program services $9,539,375 · management and general $7,335,322 · fundraising $137,766

  • 12 · Advertising and promotion

    total $2,185,702 · program services $389,051 · management and general $1,794,736 · fundraising $1,915

  • 13 · Office expenses

    total $891,628 · program services $563,948 · management and general $317,550 · fundraising $10,130

  • 14 · Information technology

    total $6,646,497 · program services $4,314,878 · management and general $2,263,075 · fundraising $68,544

  • 16 · Occupancy

    total $2,752,789 · program services $1,634,068 · management and general $1,090,988 · fundraising $27,733

  • 17 · Travel

    total $3,557,490 · program services $1,756,824 · management and general $1,549,531 · fundraising $251,135

  • 19 · Conferences, conventions and meetings

    total $2,111,679 · program services $1,239,487 · management and general $761,358 · fundraising $110,834

  • 22 · Depreciation, depletion and amortization

    total $4,818,442 · program services $3,702,098 · management and general $1,033,303 · fundraising $83,041

  • 23 · Insurance

    total $775,202 · program services $274 · management and general $774,928

  • 24a · Other expenses: FEDERAL TAXES

    total $312,406 · program services $0 · management and general $312,406 · fundraising $0

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $215,192 · program services $113,953 · management and general $100,899 · fundraising $340

  • 24c · Other expenses: STATE TAXES

    total $143,586 · program services $0 · management and general $143,586 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $45,455,840 · end of year $46,268,263

  • 4 · Accounts receivable

    beginning of year $2,542,961 · end of year $23,363,621

  • 7 · Other notes and loans receivable

    beginning of year $672,400 · end of year $672,400

  • 9 · Prepaid expenses and deferred charges

    beginning of year $483,376 · end of year $2,081,248

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

    $13,787,651

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

    $7,658,121

  • 10c · Land, buildings and equipment, net

    beginning of year $2,321,606 · end of year $6,129,530

  • 11 · Investments: publicly traded securities

    beginning of year $338,490,295 · end of year $271,319,663

  • 12 · Investments: other securities

    beginning of year $1,638,192,109 · end of year $1,392,084,181

  • 13 · Investments: program-related

    beginning of year $58,010,454 · end of year $64,360,454

  • 14 · Intangible assets

    beginning of year $0 · end of year $9,771,054

  • 15 · Other assets

    beginning of year $12,334,877 · end of year $20,993,822

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,343,848 · end of year $27,754,571

  • 18 · Grants payable

    beginning of year $20,302,337 · end of year $21,136,136

  • 19 · Deferred revenue

    beginning of year $16,000 · end of year $4,724,351

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $222,444

  • 25 · Other liabilities

    beginning of year $12,475,873 · end of year $23,064,405

  • 27 · Net assets without donor restrictions

    beginning of year $2,042,365,860 · end of year $1,760,142,329

Mission and programs · 2024

Mission

STRADA EDUCATION FOUNDATION, INC. ("STRADA") DEVELOPS AND SUPPORTS PROGRAMS, POLICIES, AND ORGANIZATIONS THAT STRENGTHEN CONNECTIONS BETWEEN EDUCATION AND OPPORTUNITY IN THE U.S., WITH A SPECIAL FOCUS ON HELPING THOSE WHO FACE THE GREATEST CHALLENGES SECURING OPPORTUNITY THROUGH POSTSECONDARY EDUCATION OR TRAINING. STRADA'S WORK IS GROUNDED IN FIVE FOCUS AREAS: CLEAR OUTCOMES, QUALITY COACHING, AFFORDABILITY, WORK-BASED LEARNING, AND EMPLOYER ALIGNMENT (THE "FOCUS AREAS").

Activities or mission (Part I)

STRADA EDUCATION FOUNDATION, INC. ("STRADA") DEVELOPS AND SUPPORTS PROGRAMS, POLICIES, AND

  • CATALYTIC GRANTMAKING: THROUGH ITS GRANTMAKING, STRADA EDUCATION FOUNDATION, INC. ("STRADA") PROVIDES CATALYTIC FUNDING FOR NONPROFIT ORGANIZATIONS, POSTSECONDARY EDUCATION INSTITUTIONS, AND WORKFORCE AND SKILLS-BASED EDUCATIONAL PROVIDERS THAT ADVANCE THE ORGANIZATION'S FOCUS AREAS AND CHARITABLE MISSION. IN 2024, STRADA MADE OVER 90 GRANTS ACROSS VARIOUS PROGRAMS, INCLUDING THE HBCU INITIATIVE, A $25M, MULTI-YEAR SERIES OF GRANTS DESIGNED TO SUPPORT SCHOLARSHIP AND LEADERSHIP DEVELOPMENT PROGRAMS FOR 450 STUDENTS AT 48 HISTORICALLY BLACK COLLEGES AND UNIVERSITIES ACROSS THE COUNTRY.

    Expenses $32,348,144 · Grants $27,652,991

  • ACTIONABLE RESEARCH: STRADA'S ACTIONABLE RESEARCH SEEKS TO PROVIDE THE PUBLIC AND INDUSTRY WITH INSIGHTS INTO WHAT LEARNERS NEED TO REALIZE THEIR CAREER GOALS AND WHAT EMPLOYERS NEED TO BUILD A ROBUST TALENT PIPELINE. IN 2024, STRADA LAUNCHED THE INAUGURAL STATE OPPORTUNITY INDEX, A PUBLICLY-AVAILABLE RESEARCH REPORT THAT HELPS STATES ASSESS HOW WELL THEY ARE CONNECTING EDUCATION TO OPPORTUNITY ACROSS ALL OF THE ORGANIZATION'S FOCUS AREAS. STRADA'S RESEARCH EFFORTS ALSO INCLUDE THE STRADA INSTITUTE FOR THE FUTURE OF WORK, A PROGRAM THAT DEVELOPS AND CONDUCTS RIGOROUS, FIELD-LEADING, PUBLICLY-AVAILABLE RESEARCH TO PROVIDE ACTIONABLE INSIGHTS ON HOW TO STRENGTHEN EDUCATIONAL PATHWAYS THAT LEAD TO ECONOMIC OPPORTUNITY FOR INDIVIDUALS AND RESPOND TO THE TALENT NEEDS OF EMPLOYERS.

    Expenses $4,383,777 · Revenue $16,000

  • POLICY AND ADVOCACY SOLUTIONS: STRADA ENGAGES DIRECTLY WITH POLICYMAKERS AND OTHER GOVERNMENT LEADERS AT STATE AND FEDERAL LEVELS TO IDENTIFY AND ADVANCE NONPARTISAN, EVIDENCE-BASED POLICIES DESIGNED TO STRENGTHEN PATHWAYS TO OPPORTUNITY FOR ALL LEARNERS. IN 2024, STRADA RELEASED ITS FIRST-EVER PUBLIC POLICY AGENDA. GROUNDED IN THE ORGANIZATION'S FOCUS AREAS, THE AGENDA PROVIDES A HOLISTIC APPROACH TO IMPROVING POLICY SO THAT ALL LEARNERS HAVE THE OPPORTUNITIES AND SUPPORT THEY NEED TO COMPLETE AN EDUCATION PATHWAY AND SUCCEED IN A MEANINGFUL CAREER.

    Expenses $10,332,423

  • STRATEGIC INVESTMENTS: STRADA'S STRATEGIC INVESTMENTS PROGRAM MANAGES A PORTFOLIO OF MISSION-RELATED INVESTMENTS IN EARLY-STAGE COMPANIES AND FUND MANAGERS THAT DRIVE POSITIVE CHANGE IN THE EDUCATION-WORKFORCE SYSTEM AND ADVANCE THE ORGANIZATION'S CHARITABLE MISSION AND FOCUS AREAS.EDUCATION TO OPPORTUNITY PROGRAMS AND SERVICES THROUGH CREDLENS, LLC AND STRADA COLLABORATIVE, LLC.

    Expenses $44,324,552 · Revenue $37,596,860

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Stephen Moret

    CEO & PRESIDENT

    Total calculated
    $1,506,974
    From this org
    $1,353,225
    From related orgs
    $0
    Other
    $153,749
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $619,922
    Bonus
    $484,277
    Other
    $249,026
    Deferred
    $110,063
    Nontaxable benefits
    $43,686
    Filer's total
    $1,506,974

  • Marlene V Coulis

    CHAIRMAN

    Total calculated
    $115,000
    From this org
    $115,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Ernest J Newborn II

    BOARD MEMBER

    Total calculated
    $97,000
    From this org
    $97,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Gerard J Olinger

    BOARD MEMBER

    Total calculated
    $97,000
    From this org
    $97,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Miriam W Strouse

    BOARD MEMBER

    Total calculated
    $97,000
    From this org
    $97,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Nicole T Jenkins

    BOARD MEMBER

    Total calculated
    $97,000
    From this org
    $97,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Sureel A Choksi

    BOARD MEMBER

    Total calculated
    $97,000
    From this org
    $97,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Wade T Dyke

    BOARD MEMBER

    Total calculated
    $97,000
    From this org
    $97,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Aminta H Breaux

    BOARD MEMBER

    Total calculated
    $85,000
    From this org
    $85,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Ardine Williams

    BOARD MEMBER

    Total calculated
    $85,000
    From this org
    $85,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Erik I Moreno

    BOARD MEMBER

    Total calculated
    $85,000
    From this org
    $85,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Michael D King

    BOARD MEMBER

    Total calculated
    $85,000
    From this org
    $85,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Ruben M Flores

    BOARD MEMBER

    Total calculated
    $85,000
    From this org
    $85,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Susan J Ellspermann

    BOARD MEMBER

    Total calculated
    $85,000
    From this org
    $85,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Thomas B Mangas

    BOARD MEMBER

    Total calculated
    $85,000
    From this org
    $85,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Ruth Watkins

    PRESIDENT, POSTSECONDARY EDUCATION

    Total calculated
    $1,107,495
    From this org
    $1,000,590
    From related orgs
    $0
    Other
    $106,905
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $652,472
    Bonus
    $296,784
    Other
    $51,334
    Deferred
    $72,479
    Nontaxable benefits
    $34,426
    Filer's total
    $1,107,495

  • Larry Lutz

    EVP, CORPORATE DEVELOPMENT

    Total calculated
    $756,218
    From this org
    $673,733
    From related orgs
    $0
    Other
    $82,485
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $434,603
    Bonus
    $175,840
    Other
    $63,290
    Deferred
    $38,799
    Nontaxable benefits
    $43,686
    Filer's total
    $756,218

  • Rhonda Powell

    EVP, GEN COUNSEL & CORP SECRETARY

    Total calculated
    $745,002
    From this org
    $668,094
    From related orgs
    $0
    Other
    $76,908
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $450,638
    Bonus
    $189,833
    Other
    $27,623
    Deferred
    $42,340
    Nontaxable benefits
    $34,568
    Filer's total
    $745,002

  • Thomas Dawson

    PRESIDENT, STRADA COLLABORATIVE

    Total calculated
    $728,986
    From this org
    $654,103
    From related orgs
    $0
    Other
    $74,883
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $357,667
    Bonus
    $169,444
    Other
    $126,992
    Deferred
    $31,197
    Nontaxable benefits
    $43,686
    Filer's total
    $728,986

  • Michael Austin

    EVP, CFO, TREASURER

    Total calculated
    $707,916
    From this org
    $625,297
    From related orgs
    $0
    Other
    $82,619
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $429,342
    Bonus
    $159,161
    Other
    $36,794
    Deferred
    $37,006
    Nontaxable benefits
    $45,613
    Filer's total
    $707,916

  • Gabriella Gomez

    EVP, POLICY, ADVOCACY & COMMS

    Total calculated
    $600,708
    From this org
    $569,186
    From related orgs
    $0
    Other
    $31,522
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $442,981
    Bonus
    $102,242
    Other
    $23,963
    Deferred
    $31,522
    Nontaxable benefits
    $0
    Filer's total
    $600,708

  • Aristide Collins Jr

    EVP, CAO & CHIEF OF STAFF

    Total calculated
    $558,558
    From this org
    $514,605
    From related orgs
    $0
    Other
    $43,953
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $434,465
    Bonus
    $55,473
    Other
    $24,667
    Deferred
    $26,486
    Nontaxable benefits
    $17,467
    Filer's total
    $558,558

  • Beth Cobert

    PRES AFF & STRAT PSHPS (AS OF 11/24)

    Total calculated
    $219,994
    From this org
    $219,354
    From related orgs
    $0
    Other
    $640
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $81,437
    Bonus
    $125,000
    Other
    $12,917
    Deferred
    $0
    Nontaxable benefits
    $640
    Filer's total
    $219,994

  • Jonathan Furr

    SVP & CHIEF CLEAR OUTCOMES OFFICER

    Total calculated
    $613,202
    From this org
    $544,734
    From related orgs
    $0
    Other
    $68,468
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $358,701
    Bonus
    $152,846
    Other
    $33,187
    Deferred
    $28,950
    Nontaxable benefits
    $39,518
    Filer's total
    $613,202

  • Leonard Gurin

    SVP, CASH & INVESTMENTS

    Total calculated
    $532,804
    From this org
    $473,300
    From related orgs
    $0
    Other
    $59,504
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $318,238
    Bonus
    $121,714
    Other
    $33,348
    Deferred
    $22,012
    Nontaxable benefits
    $37,492
    Filer's total
    $532,804

  • Thomas R Ertel

    SVP, CHIEF ACCOUNTING OFFICER

    Total calculated
    $529,437
    From this org
    $488,745
    From related orgs
    $0
    Other
    $40,692
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $332,332
    Bonus
    $124,994
    Other
    $31,419
    Deferred
    $23,225
    Nontaxable benefits
    $17,467
    Filer's total
    $529,437

  • Michele Chang

    SVP, CHIEF STRATEGY OFFICER

    Total calculated
    $526,102
    From this org
    $456,270
    From related orgs
    $0
    Other
    $69,832
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $309,536
    Bonus
    $119,372
    Other
    $27,362
    Deferred
    $21,146
    Nontaxable benefits
    $48,686
    Filer's total
    $526,102

  • Heather McKay

    SVP, EMP ENGMT/ED SFW (AS OF 2/24)

    Total calculated
    $501,292
    From this org
    $440,809
    From related orgs
    $0
    Other
    $60,483
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $299,454
    Bonus
    $118,000
    Other
    $23,355
    Deferred
    $19,688
    Nontaxable benefits
    $40,795
    Filer's total
    $501,292

  • Justin Draeger

    SVP, AFFORDABILITY (AS OF 7/24)

    Total calculated
    $397,552
    From this org
    $368,461
    From related orgs
    $0
    Other
    $29,091
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,289
    Bonus
    $161,581
    Other
    $26,591
    Deferred
    $7,171
    Nontaxable benefits
    $21,920
    Filer's total
    $397,552

  • Craig Robinson

    SVP, QUALITY COACHING (AS OF 7/24)

    Total calculated
    $336,398
    From this org
    $298,895
    From related orgs
    $0
    Other
    $37,503
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,926
    Bonus
    $110,000
    Other
    $19,969
    Deferred
    $11,515
    Nontaxable benefits
    $25,988
    Filer's total
    $336,398

  • Laura Love

    SVP, WRK-BASED LEARNING (AS OF 5/24)

    Total calculated
    $282,956
    From this org
    $244,760
    From related orgs
    $0
    Other
    $38,196
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,320
    Bonus
    $30,000
    Other
    $14,440
    Deferred
    $9,450
    Nontaxable benefits
    $28,746
    Filer's total
    $282,956

  • David Clayton

    SVP, RESEARCH

    Total calculated
    $627,686
    From this org
    $557,423
    From related orgs
    $0
    Other
    $70,263
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $358,660
    Bonus
    $164,761
    Other
    $34,002
    Deferred
    $29,777
    Nontaxable benefits
    $40,486
    Filer's total
    $627,686

  • Jessica Hinkle

    SVP, STRATEGIC INVESTMENTS

    Total calculated
    $567,886
    From this org
    $499,859
    From related orgs
    $0
    Other
    $68,027
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $337,851
    Bonus
    $128,013
    Other
    $33,995
    Deferred
    $24,341
    Nontaxable benefits
    $43,686
    Filer's total
    $567,886

  • Michael Marriner

    PRESIDENT, ROADTRIP NATION

    Total calculated
    $518,370
    From this org
    $479,461
    From related orgs
    $0
    Other
    $38,909
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $272,546
    Bonus
    $180,249
    Other
    $26,666
    Deferred
    $13,800
    Nontaxable benefits
    $25,109
    Filer's total
    $518,370

  • Terry E Holloway

    SVP, CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $512,403
    From this org
    $447,546
    From related orgs
    $0
    Other
    $64,857
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $302,099
    Bonus
    $117,700
    Other
    $27,747
    Deferred
    $20,039
    Nontaxable benefits
    $44,818
    Filer's total
    $512,403

  • Ruth Idalene Bauer

    PRESIDENT, INSIDE TRACK

    Total calculated
    $479,065
    From this org
    $451,217
    From related orgs
    $0
    Other
    $27,848
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $278,433
    Bonus
    $152,145
    Other
    $20,639
    Deferred
    $13,800
    Nontaxable benefits
    $14,048
    Filer's total
    $479,065

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

  • 1a · First-class or charter travel
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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 1A
1. FIRST CLASS TRAVEL - FIRST CLASS TRAVEL IS APPROVED FOR ALL TRUSTEES IF THE FLIGHT IS MORE THAN 2 HOURS IN DURATION OR IF A MEDICAL CONDITION EXISTS WHICH REQUIRES THE NEED FOR AN UPGRADE. THIS NON-TAXABLE BUSINESS EXPENSE IS NOT TREATED AS ADDITIONAL TAXABLE COMPENSATION TO THE TRUSTEE. DURING 2024, NINE TRUSTEES TRAVELED ONE OR MORE TIMES AS A FIRST CLASS PASSENGER. FIRST CLASS TRAVEL IS APPROVED FOR EMPLOYEES, AT THE DISCRETION OF THE CEO, TYPICALLY WHEN A MEDICAL CONDITION EXISTS WHICH REQUIRES THE NEED FOR AN UPGRADE. DURING 2024, ONE OFFICER TRAVELED AS A FIRST CLASS PASSENGER DUE TO MEDICAL REASONS. 2. HEALTH OR SOCIAL CLUB DUES - STRADA EDUCATION FOUNDATION, INC. REIMBURSES ALL FULL TIME EMPLOYEES INCLUDING OFFICERS UP TO A MAXIMUM OF $250 PER CALENDAR YEAR FOR THE COST OF (I) EXERCISE EQUIPMENT PURCHASED DURING THE APPLICABLE CALENDAR YEAR AND/OR (II) A HEALTH OR FITNESS CLUB MEMBERSHIP. ALL REIMBURSEMENTS ARE CONSIDERED TAXABLE INCOME TO THE EMPLOYEE. DURING 2024, SIX OFFICERS, EIGHT KEY EMPLOYEES, AND THREE HIGHEST COMPENSATED EMPLOYEES RECEIVED REIMBURSEMENT FOR HEALTH OR SOCIAL CLUB DUES.
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 IS 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 2024 TO THE FOLLOWING LISTED PERSONS IN PART VII: MICHAEL AUSTIN - $6,648 DAVID CLAYTON - $7,807 THOMAS DAWSON - $24,532 THOMAS R. ERTEL - $5,215 LEONARD GURIN - $5,452 TERRY E. HOLLOWAY - $283 JESSICA HINKLE - $7,711 LARRY LUTZ - $14,836 RUTH WATKINS - $22,443
PART I, LINE 7:
ALL OFFICERS AND ALL EMPLOYEES OF THE COMPANY PARTICIPATE IN THE "EMPLOYEE INCENTIVE PLAN." ANNUAL PAYMENTS ARE BASED ON OVERALL CORPORATE PERFORMANCE IN THE ACCOMPLISHMENT OF THE CORPORATE OBJECTIVES, AS EVALUATED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, AND INDIVIDUAL PERFORMANCE. THE AMOUNT OF THE PAYMENT IS A PERCENTAGE OF ANNUAL SALARY, VARYING BY THE SALARY GRADE OF THE INDIVIDUAL POSITION.

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.

  • STRADA PHILANTHROPY INC

    501(C)(3) · GRANT MAKING · IN · controlled entity

    Directly controlled by STRADA EDUCATION FOUNDATION INC

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.

  • STRADA COLLABORATIVE LLC

    EDUCATIONAL SUPPORT SERVICES · IN · income $59,149,469 · assets $38,775,948

    Directly controlled by STRADA EDUCATION FOUNDATION INC

  • CREDLENS LLC

    EDUCATIONAL SUPPORT SERVICES · IN · income $1,610,149 · assets $2,999,014

    Directly controlled by STRADA EDUCATION FOUNDATION INC

Related corporations and trusts

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

  • STRADA SOLUTIONS INC

    C · HOLDING COMPANY · DE · 100% owned · share of income $18,997,667 · share of assets $15,773,714 · controlled entity

    Directly controlled by STRADA EDUCATION FOUNDATION INC

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202533219349309508

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

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