Competency-based Education Network Inc is a 501(c)(3) organization based in Lakeland, Florida, registered in 2017, with $6,137,790 in FY2023 revenue. CharityIndex grades it B.
Revenue (FY2023)
$6.1M
▲ 42.9% vs prior year
Education median: $200K
Expenses (FY2023)
$6.0M
Net assets
$1.2M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Competency-based Education Network Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Competency-based Education Network Inc: 2 mo reserves · +2% margin earns a B on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Competency-based Education Network Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Competency-based Education Network Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $557K (FY2017) to $6.1M (FY2023) across 7 reported years.
Financial snapshot
Operating margin
2.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$5.1M
Total liabilities
$3.9M
Net assets
$1.2M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $6,137,790▲42.9% | $5,999,458▲54.0% | $1,174,502▲11.5% | $5,113,086▲58.5% | 990 |
| 2022 | $4,293,828▲46.8% | $3,896,491▲40.2% | $1,053,240▲59.2% | $3,226,163▲151% | 990 |
| 2021 | $2,924,304▲222% | $2,778,478▲154% | $661,755▲20.1% | $1,286,812▲21.6% | 990 |
| 2020 | $908,922▼16.5% | $1,093,247▼21.0% | $550,823▼25.2% | $1,058,455▲14.5% | 990 |
| 2019 | $1,088,888▼3.1% | $1,383,127▲2.6% | $736,478▼28.0% | $924,453▼24.7% | 990 |
| 2018 | $1,124,241▲102% | $1,348,731▲84.3% | $1,023,229▼17.6% | $1,228,210▼14.4% | 990 |
| 2017 | $557,484 | $731,961 | $1,241,601 | $1,434,042 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
4 grants to Competency-based Education Network Inc totaling $1.8M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Rockefeller Philanthropy Advisors Inc | Civil rights, social action & advocacy | 2024 | $1,400,000 |
| Ascendium Education Solutions Inc | Grant, competencyxchange task force | 2022 | $50,000 |
| Ascendium Education Solutions Inc | Cbexchange conference 11/9/2021 - 11/12/2021 | 2021 | $15,000 |
| Tides Center | General support | 2018 | $304,668 |
Explore more
Data for Competency-based Education Network Inc (EIN 82-1307652) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.