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Nonprofiteer
← EDUCATION TRUST INC

Form 990 for tax year 2023

Filed by EDUCATION TRUST INC.

Totals

Total revenue
$30,424,665
Total expenses
$30,645,163
Contributions and grants received
$28,146,289
Grants paid
$1,595,845
Program service revenue
$623,712
Investment income
$1,558,371
Other revenue
$96,293
Total assets, end of year
$75,287,885
Total liabilities, end of year
$15,953,900
Net assets or fund balances, end of year
$59,333,985
Program services expenses (Part IX)
$28,500,132
Management and general expenses
$1,381,658
Fundraising expenses
$763,373
Program service expenses (Part III)
$28,500,132

Program services were 93.0% 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

    $28,146,289

  • 2a · Program service revenue: Contracts

    total $587,412 · related or exempt $587,412

  • 2b · Program service revenue: Meeting Registrations

    total $36,300 · related or exempt $36,300

  • 3 · Investment income

    total $1,000,107 · excluded $1,000,107

  • 6a · Gross rents

    real property $9,600

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $9,600

  • 6d · Net rental income or loss

    total $9,600 · excluded $9,600

  • 7a · Gross sales of assets other than inventory

    securities $22,259,482

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

    securities $21,701,218

  • 7c · Gain or loss

    securities $558,264

  • 7d · Net gain or loss

    total $558,264 · excluded $558,264

  • 11a · Other revenue: Other Income

    total $63,500 · excluded $63,500

  • 11b · Other revenue: Honorarium

    total $22,550 · related or exempt $22,550

  • 11c · Other revenue: Reimbursed Expense Income

    total $643 · excluded $643

  • 11e · Other revenue, total

    $86,693

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,595,845 · program services $1,595,845

  • 5 · Compensation of officers, directors and key employees

    total $3,680,814 · program services $3,500,594 · management and general $65,824 · fundraising $114,396

  • 7 · Other salaries and wages

    total $12,829,215 · program services $12,201,072 · management and general $229,423 · fundraising $398,720

  • 9 · Other employee benefits

    total $2,255,352 · program services $2,144,926 · management and general $40,332 · fundraising $70,094

  • 10 · Payroll taxes

    total $1,226,334 · program services $1,166,290 · management and general $21,931 · fundraising $38,113

  • 11b · Fees: legal

    total $23,739 · program services $19,010 · management and general $4,144 · fundraising $585

  • 11c · Fees: accounting

    total $87,575 · program services $70,130 · management and general $15,289 · fundraising $2,156

  • 11f · Fees: investment management

    total $131,863 · management and general $131,863

  • 11g · Fees: other

    total $4,527,083 · program services $4,031,480 · management and general $431,522 · fundraising $64,081

  • 12 · Advertising and promotion

    total $42,845 · program services $34,310 · management and general $7,480 · fundraising $1,055

  • 13 · Office expenses

    total $201,498 · program services $177,841 · management and general $19,769 · fundraising $3,888

  • 14 · Information technology

    total $194,817 · program services $157,325 · management and general $32,781 · fundraising $4,711

  • 16 · Occupancy

    total $1,512,755 · program services $1,335,353 · management and general $147,222 · fundraising $30,180

  • 17 · Travel

    total $1,130,812 · program services $1,030,338 · management and general $88,120 · fundraising $12,354

  • 19 · Conferences, conventions and meetings

    total $512,360 · program services $466,836 · management and general $39,927 · fundraising $5,597

  • 22 · Depreciation, depletion and amortization

    total $294,912 · program services $250,593 · management and general $36,661 · fundraising $7,658

  • 23 · Insurance

    total $82,956 · program services $66,430 · management and general $14,483 · fundraising $2,043

  • 24a · Other expenses: Dues & Subscriptions

    total $135,600 · program services $108,587 · management and general $23,674 · fundraising $3,339

  • 24b · Other expenses: HR Admin Fees

    total $88,198 · program services $70,628 · management and general $15,398 · fundraising $2,172

  • 24c · Other expenses: Staff Development

    total $79,024 · program services $63,282 · management and general $13,796 · fundraising $1,946

  • 24d · Other expenses: Taxes

    total $11,566 · program services $9,262 · management and general $2,019 · fundraising $285

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $10,642,324 · end of year $11,454,508

  • 3 · Pledges and grants receivable

    beginning of year $16,095,836 · end of year $14,697,567

  • 4 · Accounts receivable

    beginning of year $613,531 · end of year $229,842

  • 9 · Prepaid expenses and deferred charges

    beginning of year $676,606 · end of year $720,326

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

    $5,100,528

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

    $3,016,631

  • 10c · Land, buildings and equipment, net

    beginning of year $2,315,871 · end of year $2,083,897

  • 11 · Investments: publicly traded securities

    beginning of year $34,751,328 · end of year $37,197,274

  • 15 · Other assets

    beginning of year $9,902,000 · end of year $8,904,471

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,315,172 · end of year $2,777,362

  • 19 · Deferred revenue

    beginning of year $138,300 · end of year $433,271

  • 25 · Other liabilities

    beginning of year $14,038,380 · end of year $12,743,267

  • 27 · Net assets without donor restrictions

    beginning of year $31,792,267 · end of year $36,287,244

  • 28 · Net assets with donor restrictions

    beginning of year $25,713,377 · end of year $23,046,741

Mission and programs · 2023

Mission

EdTrust is committed to advancing policies and practices to dismantle the racial and economic barriers embedded in the American education system. Through our research and advocacy, EdTrust improves equity in education from preschool through college, engages diverse communities dedicated to education equity and justice, and increases political and public will to build an education system where students will thrive.

  • The P-12 Policy, Practice, and Research and Higher Education Policy and Research Teams work alongside educators, advocates, and policymakers to identify causes of the achievement gap and to promote the practices and policies for P-12 education, and work to ensure that students of color and students from low-income backgrounds have greater access to colleges and universities, and that those institutions make college affordable.

    Expenses $5,671,511 · Grants $463,333 · Revenue $173,412

  • The Partnerships and Engagement and Communications Teams engage policymakers and diverse coalitions of advocates in demanding and securing equity-advancing policy change at the national and state levels, publish research and analyses, and provide creative visual and digital voice through editorial and digital communications.

    Expenses $7,607,899 · Grants $247,912 · Revenue $103,399

  • EdTrust has 4 state offices: EdTrust-Midwest, EdTrust-New York, EdTrust-West, and EdTrust-Tennessee. The state offices advocate for educational justice and the high academic achievement of all students, pre-k through college, particularly students of color and students from low-income backgrounds, in their respective states.

    Expenses $15,220,722 · Grants $884,600 · Revenue $369,451

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

Listed in Part VII

  • Denise Forte

    President & CEO

    Total calculated
    $495,315
    From this org
    $471,915
    From related orgs
    $0
    Other
    $23,400
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $471,915
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $23,400
    Filer's total
    $495,315

  • Lisa Gelobter

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Jose Luis Cruz

    Chair (JUL-OCT)

    Total calculated
    $0
    Hours/week
    2

  • Jesse Jackson

    Vice Chair/Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Yolie Flores

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Lisette Nieves

    Director

    Total calculated
    $0
    Hours/week
    1

  • Eduardo J Padron

    Director

    Total calculated
    $0
    Hours/week
    1

  • Eric Rodriguez

    Director (FEB-JUN)

    Total calculated
    $0
    Hours/week
    1

  • Malbert Smith III

    Director (FEB-JUN)

    Total calculated
    $0
    Hours/week
    1

  • Tomeka Hart Wigginton

    Director (FEB-JUN)

    Total calculated
    $0
    Hours/week
    1

  • Nadia Diaz Funn

    Director (JUN)

    Total calculated
    $0
    Hours/week
    1

  • Peter Groff

    Director (JUL-OCT)

    Total calculated
    $0
    Hours/week
    1

  • Daniel R Porterfield

    Director (JUL-OCT)

    Total calculated
    $0
    Hours/week
    1

  • Wilfredo Del Pilar

    Senior Vice President

    Total calculated
    $325,076
    From this org
    $292,282
    From related orgs
    $0
    Other
    $32,794
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $292,282
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $32,794
    Filer's total
    $325,076

  • Dia Bryant

    Executive Director, ETNY

    Total calculated
    $274,103
    From this org
    $240,587
    From related orgs
    $0
    Other
    $33,516
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $240,587
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $33,516
    Filer's total
    $274,103

  • Christopher Nellum

    Executive Director, ETW

    Total calculated
    $250,743
    From this org
    $222,630
    From related orgs
    $0
    Other
    $28,113
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $222,630
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $28,113
    Filer's total
    $250,743

  • Allison Socol

    VP, P-12 Policy, Research & Practice

    Total calculated
    $230,027
    From this org
    $199,435
    From related orgs
    $0
    Other
    $30,592
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $199,435
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $30,592
    Filer's total
    $230,027

  • Amber Arellano

    Executive Director, ETM

    Total calculated
    $223,866
    From this org
    $208,737
    From related orgs
    $0
    Other
    $15,129
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $208,737
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $15,129
    Filer's total
    $223,866

  • Claudia Lujan

    Chief of Staff

    Total calculated
    $222,671
    From this org
    $197,523
    From related orgs
    $0
    Other
    $25,148
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $197,523
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $25,148
    Filer's total
    $222,671

  • Rachel Stalcup

    Chief Development Officer

    Total calculated
    $214,351
    From this org
    $198,406
    From related orgs
    $0
    Other
    $15,945
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $198,406
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $15,945
    Filer's total
    $214,351

  • Virginia Pupo-Walker

    Executive Director, ETTN

    Total calculated
    $211,394
    From this org
    $187,031
    From related orgs
    $0
    Other
    $24,363
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $187,031
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $24,363
    Filer's total
    $211,394

  • Robin Harris

    VP, Strategic Communications

    Total calculated
    $207,427
    From this org
    $184,281
    From related orgs
    $0
    Other
    $23,146
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $184,281
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $23,146
    Filer's total
    $207,427

  • Lynn Jennings

    Senior Director

    Total calculated
    $212,785
    From this org
    $178,621
    From related orgs
    $0
    Other
    $34,164
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $178,621
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $34,164
    Filer's total
    $212,785

  • Carol Hedgspeth

    Deputy Director

    Total calculated
    $205,539
    From this org
    $171,754
    From related orgs
    $0
    Other
    $33,785
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $171,754
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $33,785
    Filer's total
    $205,539

  • Nicolle Grayson

    VP, Strategic Communications

    Total calculated
    $199,318
    From this org
    $169,995
    From related orgs
    $0
    Other
    $29,323
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $169,995
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $29,323
    Filer's total
    $199,318

  • Brian Rivas

    Senior Director

    Total calculated
    $195,153
    From this org
    $173,516
    From related orgs
    $0
    Other
    $21,637
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $173,516
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $21,637
    Filer's total
    $195,153

  • Kevin Chappell

    Executive Writer

    Total calculated
    $181,845
    From this org
    $158,612
    From related orgs
    $0
    Other
    $23,233
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $158,612
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $23,233
    Filer's total
    $181,845

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 · Form 990 of other organizations
  • 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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
20 February 2025
IRS schema version
2023v6.0
Source object
202500569349301145

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

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