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Nonprofiteer
← CAMBIAR EDUCATION

Form 990 for tax year 2023

Filed by CAMBIAR EDUCATION.

Totals

Total revenue
$31,679,941
Total expenses
$27,096,364
Contributions and grants received
$22,598,775
Grants paid
$6,845,768
Program service revenue
$8,151,113
Investment income
$928,873
Other revenue
$1,180
Total assets, end of year
$31,598,762
Total liabilities, end of year
$1,674,279
Net assets or fund balances, end of year
$29,924,483
Program services expenses (Part IX)
$26,176,890
Management and general expenses
$528,674
Fundraising expenses
$390,800
Program service expenses (Part III)
$26,176,890

Program services were 96.6% 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.

  • 1f · All other contributions, gifts and grants

    $22,598,775

  • 2a · Program service revenue: DESIGN SERVICE FEES

    total $2,151,897 · related or exempt $2,151,897

  • 2b · Program service revenue: PARTNER FEES

    total $1,334,878 · related or exempt $1,334,878

  • 2c · Program service revenue: PROGRAM FEES

    total $4,664,338 · related or exempt $4,664,338

  • 3 · Investment income

    total $928,873 · excluded $928,873

  • 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 $69,348,231

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

    securities $69,348,231

  • 7d · Net gain or loss

    total $0 · excluded $0

  • 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

  • 11a · Other revenue: REIMBURSED EXPENSES

    total $1,180 · related or exempt $1,180

  • 11e · Other revenue, total

    $1,180

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,840,768 · program services $6,840,768

  • 2 · Grants to domestic individuals

    total $5,000 · program services $5,000

  • 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 $502,086 · program services $376,143 · management and general $57,886 · fundraising $68,057

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $7,296,471 · program services $6,880,593 · management and general $93,536 · fundraising $322,342

  • 8 · Pension plan contributions

    total $603,521 · program services $603,521

  • 9 · Other employee benefits

    total $474,213 · program services $474,213

  • 10 · Payroll taxes

    total $567,219 · program services $555,995 · management and general $11,224

  • 11a · Fees: management

    total $1,334,878 · program services $1,334,878

  • 11b · Fees: legal

    total $225,451 · program services $208,970 · management and general $16,481

  • 11c · Fees: accounting

    total $73,610 · management and general $73,610

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $7,246,876 · program services $7,110,581 · management and general $136,295 · fundraising $0

  • 12 · Advertising and promotion

    total $25,713 · program services $25,353 · management and general $360

  • 13 · Office expenses

    total $99,411 · program services $91,567 · management and general $7,443 · fundraising $401

  • 14 · Information technology

    total $89,147 · program services $63,846 · management and general $25,301

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $22,955 · program services $21,047 · management and general $1,908

  • 17 · Travel

    total $929,888 · program services $893,486 · management and general $36,402

  • 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 $91,515 · program services $49,740 · management and general $41,775

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $232,442 · program services $224,689 · management and general $7,753

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $158,562 · program services $143,403 · management and general $15,159

  • 24c · Other expenses: OTHER EXPENSES

    total $239,292 · program services $235,859 · management and general $3,433

  • 24d · Other expenses: EMPLOYEE TRAINING & EDUCATION

    total $34,853 · program services $34,839 · management and general $14

  • 24e · All other expenses

    total $2,493 · program services $2,399 · management and general $94

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,280,634 · end of year $1,247,508

  • 2 · Savings and temporary cash investments

    beginning of year $5,600,095 · end of year $587,253

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $194,242 · end of year $1,415,973

  • 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 $20,000 · end of year $40,000

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $17,922,493 · end of year $26,744,026

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $264,003 · end of year $1,564,002

  • 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 $1,188,705 · end of year $1,674,279

  • 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

  • 27 · Net assets without donor restrictions

    beginning of year $9,120,128 · end of year $11,776,192

  • 28 · Net assets with donor restrictions

    beginning of year $15,972,634 · end of year $18,148,291

Mission and programs · 2023

Mission

Cambiar's vision is to spark creative change by scaling bold ideas that undeniably prove that every student can succeed and thrive. CONTINUED ON SCH O.

Activities or mission (Part I)

Spark creative change by scaling bold ideas that undeniably prove how every student can receive a world-class education.

  • Cambiar Education is a nonprofit k-12 venture studio built to change the marketplace for education innovation to prove undeniably that every student can succeed and thrive. It propels groundbreaking ventures charting the future of education led by founders with unshakable optimism and courage. Cambiar cultivates a community of over 100 connected ventures, anchored in a commitment to build positive, life-changing solutions for our most vulnerable youth, and operating at the speed of innovation to make a lasting impact.

    Expenses $26,176,890 · Grants $6,845,768 · Revenue $8,152,293

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

Listed in Part VII

  • Christina Heitz

    FOUNDER, CEO, PRESIDENT

    Total calculated
    $502,086
    From this org
    $453,711
    From related orgs
    $0
    Other
    $48,375
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $449,511
    Bonus
    not reported
    Other
    $4,200
    Deferred
    $42,900
    Nontaxable benefits
    $5,475
    Filer's total
    $502,086

  • Kimberly Smith

    Entrepreneur

    Total calculated
    $452,523
    From this org
    $365,516
    From related orgs
    $0
    Other
    $87,007
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $365,516
    Bonus
    not reported
    Other
    not reported
    Deferred
    $31,754
    Nontaxable benefits
    $55,253
    Filer's total
    $452,523

  • Christopher Maher

    Superintendent in Residence

    Total calculated
    $285,185
    From this org
    $217,582
    From related orgs
    $0
    Other
    $67,603
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $207,332
    Bonus
    $10,000
    Other
    $250
    Deferred
    $30,653
    Nontaxable benefits
    $36,950
    Filer's total
    $285,185

  • Mindy Sjoblom

    Entrepreneur

    Total calculated
    $271,583
    From this org
    $216,725
    From related orgs
    $0
    Other
    $54,858
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $206,725
    Bonus
    $10,000
    Other
    not reported
    Deferred
    $29,611
    Nontaxable benefits
    $25,247
    Filer's total
    $271,583

  • Lindsay Kruse

    Entrepreneur

    Total calculated
    $231,845
    From this org
    $204,618
    From related orgs
    $0
    Other
    $27,227
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $200,248
    Bonus
    not reported
    Other
    $4,370
    Deferred
    $26,600
    Nontaxable benefits
    $627
    Filer's total
    $231,845

  • David Ahmadi

    Data & Tech Lead

    Total calculated
    $228,300
    From this org
    $178,984
    From related orgs
    $0
    Other
    $49,316
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $178,984
    Bonus
    not reported
    Other
    not reported
    Deferred
    $18,550
    Nontaxable benefits
    $30,766
    Filer's total
    $228,300

  • Beth Sutkus Thompson

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Andy Stern

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Ajay Varia

    Director

    Total calculated
    $0
    Hours/week
    1

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 committee
  • 3 · Form 990 of other organizations
  • 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)

Schedule J, Part I, Line 7
Bonuses were given at THE DISCRETION OF the BOARD OF DIRECTORS. Employees listed on 990 Part VII receiving a bonus during 2023: MINDY SJOBLOM and CHRISTOPHER MAHER each received a bonus of $10,000.
Schedule J, Part II, Column B(iii)
Other Taxable compensation consist of a monthly medical waiver allowance and a wellness benefit.

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
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349317769

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

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