Program areas at Strada Education Foundation
Strada Education Foundation, Inc. was incorporated as a 501(c)(3) organization. Additionally, Strada Education Foundation, Inc. is a 509(a)(3) supporting organization to Strada collaborative, Inc. and a class of other publicly supported organizations whose purposes and activities are consistent with the exempt purposes of Strada collaborative, Inc.
Strada Education Foundation, Inc. Provides grants to public charities, including postsecondary educational institutions, to pursue the missions of its supported organizations, including research and the delivery of services to improve lives by forging clearer and more purposeful pathways between Education and employment.
Grants made by Strada Education Foundation
Who funds Strada Education Foundation
Grants from foundations and other nonprofits
| Grantmaker | Grantmaker tax period | Description | Amount |
|---|
| USA Funds | 2018-12 | Operational Grant | $81,213,210 |
| Ascendium Education Solutions | 2022-12 | Support Their Philanthropic Efforts Pursuant To the December 6, 2016 Transfer of Ownership of United Student Aid Funds and Northwest Education Loan Association From Usa Funds (Now Strada) To Ascendium. | $50,201,917 |
| Northwest Education Loan Association (NELA) | 2018-12 | Operational Grant | $3,046,567 |
Personnel at Strada Education Foundation
| Name | Title | Compensation | Date of data |
|---|
| Larry Lutz | President and Chief Executive Officer | $811,517 | 2023-11-15 |
| Thomas R Ertel | Senior Vice President and Chief Administrative Officer / Assistant Vice President and Coa | $510,857 | 2022-12-31 |
| Tom Ertel | Chief Accounting Officer | | 2021-09-02 |
| Courtney McBeth | Senior Vice President , Chief Program Officer / Senior Vice President , Strada Impact Operations | $430,207 | 2022-12-31 |
| Michael Austin | Senior Vice President , Operations Planning and Analysis and Interim Chief Financial Officer / Senior Vice President , Financial Planning and Analysis / Senior Vice President , Operations Planning and Analysis | $665,639 | 2022-12-31 |
| ...and 20 more key personnel |
Financials for Strada Education Foundation
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $38,809,930 | $66,094,873 | -41.3% |
| Program services | $0 | $0 | - |
| Investment income and dividends | $76,972,538 | $702,601 | 10855.4% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $-26,558,808 | $222,860,170 | -111.9% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $382,820 | $1,856,540 | -79.4% |
| Total revenues | $89,606,480 | $291,514,184 | -69.3% |
Organizations like Strada Education Foundation
| Organization | Type | Location | Revenue |
|---|
| Duke Corporate Education | 501(c)(3) | Durham, NC | $30,074,065 |
| World Education Services | 501(c)(3) | New York, NY | $98,705,023 |
| Act | 501(c)(3) | Iowa City, IA | $244,351,090 |
| Cambiar Education | 501(c)(3) | San Diego, CA | $34,440,647 |
| Teach for All | 501(c)(3) | New York, NY | $56,310,643 |
| Girls Who Code | 501(c)(3) | New York, NY | $27,137,820 |
| International Baccalaureate Organization | 501(c)(3) | Washington, DC | $209,183,918 |
| Institute for the International Education of Students | 501(c)(3) | Chicago, IL | $91,386,482 |
| Codepathorg | 501(c)(3) | San Francisco, CA | $23,442,041 |
| College Now Greater Cleveland | 501(c)(3) | Cleveland, OH | $24,635,286 |
Data update history
January 7, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 6, 2024
Updated personnel
Identified 2 new personnel
December 26, 2023
Used new vendors
Identified 5 new vendors, including , , , , and
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Community service nonprofitsSchoolsEducational service providersHeadquarter / parent organizationsCharities
Issues
EducationCommunity improvement
Characteristics
Operates internationallyTax deductible donations
General information
- Address
- 10 W Market St Suite 1100
- Indianapolis, IN 46227
- Metro area
- Indianapolis-Carmel-Anderson, IN
- County
- Marion County, IN
- Website URL
- stradaeducation.org/Â
- Facebook page
- stradaeducationnetworkÂ
- Twitter profile
- @stradaeducationÂ
IRS details
- EIN
- 47-3044430
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2015
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- B90: Educational Services
- NAICS code, primary
- 611710: Educational Support Services
- Parent/child status
- Central organization
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