Strada Education Foundation Inc
Only 51% goes to programs $29 to raise $100 Strong reserves Declining revenue
Strada Education Foundation Inc is a 501(c)(3) organization based in Indianapolis, Indiana, registered in 2015, with $207,660,821 in FY2024 revenue. CharityIndex grades it C+, and it directs about 51% of spending to programs.
10 W Market St Ste 1100, Indianapolis, IN, 46204 EIN 47-3044430 Since 2015
Revenue (FY2024)
$207.7M
▲ 127.5% vs prior year
Community median: $184K
Expenses (FY2024)
$180.5M
Net assets
$1.8B
Employees
1,789
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →DProgram efficiency40% of the rating51% to programs · $29 to raise $100
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. For Strada Education Foundation Inc: 51% to programs · $29 to raise $100 earns a D on this criterion. See the exact thresholds →
B+Financial health25% of the rating117 mo reserves · +13% margin
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 Strada Education Foundation Inc: 117 mo reserves · +13% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
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. For Strada Education Foundation Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
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 Strada Education Foundation Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Strada education foundation, inc. ("strada") develops and supports programs, policies, and
What they do
Actionable research: strada's actionable research seeks to provide the public and industry with insights into what learners need to realize their career goals and what employers need to build a robust talent pipeline. in 2024, strada launched the inaugural state opportunity index, a publicly-available research report that helps states assess how well they are connecting education to opportunity across all of the organization's focus areas. strada's research efforts also include the strada institute for the future of work, a program that develops and conducts rigorous, field-leading, publicly-available research to provide actionable insights on how to strengthen educational pathways that lead to economic opportunity for individuals and respond to the talent needs of employers.
Policy and advocacy solutions: strada engages directly with policymakers and other government leaders at state and federal levels to identify and advance nonpartisan, evidence-based policies designed to strengthen pathways to opportunity for all learners. in 2024, strada released its first-ever public policy agenda. grounded in the organization's focus areas, the agenda provides a holistic approach to improving policy so that all learners have the opportunities and support they need to complete an education pathway and succeed in a meaningful career.
Strategic investments: strada's strategic investments program manages a portfolio of mission-related investments in early-stage companies and fund managers that drive positive change in the education-workforce system and advance the organization's charitable mission and focus areas.education to opportunity programs and services through credlens, llc and strada collaborative, llc.
Contact & location
- Address
- 10 W Market St Ste 1100, Indianapolis, IN, 46204
- City
- Indianapolis
- State
- Indiana
- Subcategory
- Community Service Clubs
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $49.8M (FY2015) to $207.7M (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $76.9MNet assets $1.8B
Operating margin
13.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.8B
Total liabilities
$76.9M
Net assets
$1.8B
Salaries & benefits
$92.7M
51% of expenses
Board members
15
14 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $207,660,821▲128% | $180,502,322▲78.5% | $1,760,142,329▼13.8% | $1,837,044,236▼12.5% | 990 |
| 2023 | $91,272,355▲1.9% | $101,126,709▼0.5% | $2,042,365,860▲8.4% | $2,098,503,918▲7.9% | 990 |
| 2022 | $89,606,480▼69.3% | $101,647,351▲26.9% | $1,884,952,435▼6.3% | $1,944,963,967▼5.4% | 990 |
| 2021 | $291,514,184▲60.2% | $80,099,395▼0.1% | $2,012,181,953▲24.2% | $2,055,980,919▲23.0% | 990 |
| 2020 | $181,933,523▲13.0% | $80,192,477▼20.2% | $1,619,820,945▲7.7% | $1,671,156,809▲7.2% | 990 |
| 2019 | $160,940,145▼5.2% | $100,525,702▼2.4% | $1,503,971,323▲11.3% | $1,559,443,913▲11.8% | 990 |
| 2018 | $169,832,911▲75.0% | $103,030,957▲29.1% | $1,351,777,211▼2.1% | $1,395,395,473▼1.3% | 990 |
| 2017 | $97,062,342▲94.8% | $79,783,473▲53.1% | $1,381,453,075▲308% | $1,414,001,176▲285% | 990 |
| 2015 | $49,831,661 | $52,118,518 | $338,845,633 | $367,188,510 | 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.
Leadership & compensation (FY2024)
Highest-paid: Stephen Moret — $1,353,225 (0.75% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Stephen Moret | Ceo & President | 40 | $1,353,225 |
| Ruth Watkins | President, Postsecondary Education | 35 | $1,000,590 |
| Larry Lutz | Evp, Corporate Development | 39 | $673,733 |
| Rhonda Powell | Evp, Gen Counsel & Corp Secretary | 39 | $668,094 |
| Thomas Dawson | President, Strada Collaborative | 39 | $654,103 |
| Michael Austin | Evp, Cfo, Treasurer | 39 | $625,297 |
| Gabriella Gomez | Evp, Policy, Advocacy & Comms | 40 | $569,186 |
| David Clayton | Svp, Research | 40 | $557,423 |
| Jonathan Furr | Svp & Chief Clear Outcomes Officer | 40 | $544,734 |
| Aristide Collins Jr | Evp, Cao & Chief of Staff | 40 | $514,605 |
| Jessica Hinkle | Svp, Strategic Investments | 40 | $499,859 |
| Thomas R Ertel | Svp, Chief Accounting Officer | 40 | $488,745 |
| Michael Marriner | President, Roadtrip Nation | 40 | $479,461 |
| Leonard Gurin | Svp, Cash & Investments | 40 | $473,300 |
| Michele Chang | Svp, Chief Strategy Officer | 40 | $456,270 |
| Ruth Idalene Bauer | President, Inside Track | 40 | $451,217 |
| Terry E Holloway | Svp, Chief Human Resources Officer | 40 | $447,546 |
| Heather Mckay | Svp, Emp Engmt/ed Sfw (as of 2/24) | 40 | $440,809 |
| Justin Draeger | Svp, Affordability (as of 7/24) | 40 | $368,461 |
| Craig Robinson | Svp, Quality Coaching (as of 7/24) | 40 | $298,895 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Tyton Partners Consulting LLC | Consulting Services | $693,500 |
| Frehargun LLC | Branding & Marketing Services | $360,216 |
| Ernst & Young LLP | Audit Services | $327,000 |
| Loeb & Loeb LLP | Legal Services | $295,193 |
| Faded Jeans Technology LLC | Cybersecurity Services | $286,280 |
Grants received · $269.8M total
12 grants to Strada Education Foundation Inc totaling $269.8M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Ascendium Education Solutions Inc | Grant, documenting opportunities for incarcerated and formerly incarcerated learners grant, launching the pittsburgh regional upskilling alliance | 2024 | $982,533 |
| Rockefeller Philanthropy Advisors Inc | Education | 2024 | $619,400 |
| The Seattle Foundation | To advance education and economic opportunity initiatives through ai solutions. | 2024 | $333,333 |
| AARP | Sponsorship of annual conference | 2024 | $25,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $250,000 |
| Woodward Hines Education Foundation | To produce and distribute high-quality audiovisual digital assets, highlighting and informing rural mississippi | 2023 | $20,833 |
| Indianapolis Foundation Inc | To be used at the organization's discretion | 2023 | $20,000 |
| Ascendium Education Solutions Inc | 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. | 2022 | $50,201,917 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $250,000 |
| Ascendium Education Solutions Inc | 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. | 2021 | $66,090,349 |
| Ascendium Education Solutions Inc | 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. | 2020 | $63,929,683 |
| Ascendium Education Solutions Inc | 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. | 2019 | $87,120,164 |
Grants made · $27.3M in FY2024
182 grants totaling $27.3M in FY2024 — showing the 15 largest. All grants made by Strada Education Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Texas Higher Education Foundation | Operating grant | $1,300,000 |
| National Student Clearinghouse | Programmatic grant | $1,250,000 |
| Charities Aid Foundation America | Operating grant | $1,106,531 |
| Arizona State University Foundation For A New American University | Operating grant | $656,612 |
| Rockefeller Philanthropy Advisors Inc | Operating grant | $500,000 |
| New America Foundation | Operating grant | $500,000 |
| Us Chamber of Commerce Foundation | Operating grant | $490,000 |
| Education Design Lab | Operating grant | $481,039 |
| Georgia State University Foundation Inc | Operating grant | $477,500 |
| National Alliance of Concurrent Enrollment Partnerships Inc | Operating grant | $450,000 |
| Institute For Higher Education Policy | Operating grant | $410,000 |
| Rand Corporation | Operating grant | $406,537 |
| Maryland Department of Service and Civic Innovation | Operating grant | $400,000 |
| University of Utah | Operating grant | $380,687 |
| New England Board of Higher Education | Operating grant | $370,000 |
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Compare Strada Education Foundation Inc
Frequently asked questions
- Is Strada Education Foundation Inc a legitimate nonprofit?
- Yes. Strada Education Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 47-3044430, based in Indianapolis, Indiana. Donations are tax-deductible.
- What is Strada Education Foundation Inc's EIN?
- Strada Education Foundation Inc's Employer Identification Number (EIN) is 47-3044430.
- How much revenue does Strada Education Foundation Inc report?
- Strada Education Foundation Inc reported $207,660,821 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Strada Education Foundation Inc's spending goes to programs?
- Strada Education Foundation Inc spends about 51% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Strada Education Foundation Inc have?
- CharityIndex grades Strada Education Foundation Inc C+, based on program efficiency and fundraising cost.
- How much does Strada Education Foundation Inc's highest-paid employee make?
- The highest reported compensation on Strada Education Foundation Inc's latest Form 990 is $1,353,225, paid to Stephen Moret (Ceo & President).
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Data for Strada Education Foundation Inc (EIN 47-3044430) 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.