Education Trust, Inc.
Fiscal Year
No current fiscal year information is available at this time.
Organizational Budgets and Other Documents
| Ed Trust FY23 Budget | 2023 |
| Projected Budget | 2021 |
IRS Letter of Exemption
| IRS Letter of Determination | 1996 |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $28,594,144.00 | $51,106,764.00 | |
| Total Expenses | $26,204,976.00 | $24,236,838.00 | |
| Revenue Less Expenses | ($-0.00) | $2,389,168.00 | $26,869,926.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $0.00 | $0.00 | |
| Contributions, Gifts, and Grants | $27,434,433.00 | $50,160,680.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $1,103,569.00 | $604,853.00 | |
| Investment Income, Net of Losses | $123.00 | $250,791.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $0.00 | $0.00 | |
| Revenue In-Kind | $0.00 | $0.00 | |
| Other | $56,019.00 | $90,440.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $23,146,131.00 | $21,124,337.00 | |
| Administration Expense | $2,398,206.00 | $2,469,989.00 | |
| Fundraising Expense | $660,639.00 | $642,512.00 | |
| Total Revenue/Total Expenses | 109% | 211% | |
| Program Expense/Total Expenses | 88% | 87% | |
| Fundraising Expense/Contributed Revenue | 3% | 3% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $27,434,433.00 | Contributions, Gifts, Grants $50,160,680.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Program Revenues $1,103,569.00 | Program Revenue $604,853.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Other Revenue $56,019.00 | Interest Income $250,791.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $60,384,663.00 | $59,287,240.00 | |
| Current Assets | $29,630,859.00 | $46,252,504.00 | |
| Long-Term Liabilities | $0.00 | $0.00 | |
| Current Liabilities | $7,592,375.00 | $6,752,164.00 | |
| Total Net Assets | $52,792,288.00 | $52,535,076.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$23,882,869.00
What is the spending policy for your endowment?
Percentage
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
December
Permit Expiration Year
2023
Form 990s
| Form 990 2021-2022 | 2022 |
| Form 990 2020-2021 | 2021 |
| Form 990 2019-2020 | 2020 |
| Form 990 2018-2019 | 2019 |
| Form 990 2017-2018 | 2018 |
Audit Documents
| Audited Financials 2021-2022 | 2022 |
| Audited Financials 2020-2021 | 2021 |
| Audited Financials 2019-2020 | 2020 |
| Audited Financials 2018-2019 | 2019 |
| Audited Financials 2017-2018 | 2018 |
Foundation Staff Comments
| Financial figures taken from Form 990. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990. Form 990 was prepared by Aprio, LLP. Comments provided by Nicole Rose 04/18/2023. |
