EIN 47-3044430

Strada Education Foundation

IRS 501(c) type
501(c)(3)
Num. employees
139
State
Year formed
2015
Most recent tax filings
2022-12-01
NTEE code, primary
Description
Strada Education Network is a national 501(c)(3) nonprofit dedicated to improving lives by catalyzing more direct and promising pathways between education and employment.
Also known as...
Strada Education Network; USA Funds
Total revenues
$89,606,480
2022
Total expenses
$101,647,351
2022
Total assets
$1,944,963,967
2022
Num. employees
139
2022

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

GranteeGrant descriptionAmount
Strada CollaborativeMatching Grant$4,286,528
American Council on Education (ACE)Operating Grant$2,000,000
University of UtahOperating Grant and Operating Support$1,566,483
...and 149 more grants made totalling $27,454,037

Who funds Strada Education Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
USA FundsOperational Grant$81,213,210
Ascendium Education SolutionsSupport 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)Operational Grant$3,046,567
...and 1 more grant received

Personnel at Strada Education Foundation

NameTitleCompensation
Larry LutzPresident and Chief Executive Officer$811,517
Thomas R ErtelSenior Vice President and Chief Administrative Officer / Assistant Vice President and Coa$510,857
Courtney McBethSenior Vice President , Chief Program Officer / Senior Vice President , Strada Impact Operations$430,207
Michael AustinSenior 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
Leonard GurinSenior Vice President , Cash and Investments / Senior Vice President , Investments / Senior Vice President Investments$483,331
...and 16 more key personnel

Financials for Strada Education Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$38,809,930
Program services$0
Investment income and dividends$76,972,538
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-26,558,808
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$382,820
Total revenues$89,606,480

Form 990s for Strada Education Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122021-04-02990View PDF
2018-122020-02-19990View PDF
...and 4 more Form 990s

Organizations like Strada Education Foundation

OrganizationLocationRevenue
Duke Corporate EducationDurham, NC$31,490,601
ActIowa City, IA$240,733,534
World Education ServicesNew York, NY$98,705,023
Cambiar EducationSan Diego, CA$34,440,647
Teach for AllNew York, NY$54,670,220
Girls Who CodeNew York, NY$27,137,820
International Baccalaureate OrganizationWashington, DC$224,747,384
Project Lead the Way (PLTW)Indianapolis, IN$61,023,810
Communities In SchoolsArlington, VA$35,985,720
The Bell FoundationWestwood, MA$34,242,762
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
October 25, 2023
Received grants
Identified 1 new grant, including a grant for $50,201,917 from Ascendium Education Solutions
Nonprofit Types
Grantmaking organizationsCommunity service nonprofitsSchoolsEducational service providersHeadquarter / parent organizationsCharities
Issues
EducationCommunity improvement
Characteristics
Operates internationallyTax deductible donationsAccepts online 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/ 
Facebook page
stradaeducationnetwork 
Twitter profile
@stradaeducation 
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
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
CT0293020
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2024-10-16
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