The Education Exchange INC

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To provide basic Education and job training to adults in southern rhode island.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Run by 19 volunteers and 14 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $9K a year · 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$91K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $40
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$686K
-17% vs prior year
Spent
$668K
To programs
84%
Net assets
$252K
By yearFY2020–FY2025
Revenue
$686K
FY2025▼ -17%
Tap a bar for its year
Revenue by fiscal year
FY2020$567K
FY2021$883K
FY2022$776K
FY2023$872K
FY2024$829K
FY2025$686K
Expenses
$668K
FY2025▼ -21%
Tap a bar for its year
Expenses by fiscal year
FY2020$599K
FY2021$767K
FY2022$841K
FY2023$843K
FY2024$841K
FY2025$668K
Net assets
$252K
FY2025▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$167K
FY2021$283K
FY2022$217K
FY2023$246K
FY2024$234K
FY2025$252K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $558K Management & general 16% · $110K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990; $91K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$90,544Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Jason Colonies’s $91K as Executive Director is at the 79th percentile of top reported officer pay among 1612 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jason Colonies$90,544$87,880$85,280$104,960$105,780$41,000
Cameron Ennis—————$59,425

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Education Exchange INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers basic education and job training to adults in Southern Rhode Island.

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1 program · $558K · in their own filed words · FY2024
01

Adult education, computer training, job skills and other essential programs to help adult learners improve their workplace and life skills.

$558Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$40

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$686K
Ln 12
Gifts and grantsLn 1h$658K
Fees for servicesLn 2g$26K
Investment incomeLn 3$2K
Money outPt IX
$668K
Ln 25
Programscol B$558K
Managementcol C$110K
Owns and owesPt X
$252K
net assets · Ln 32
Cash and savingsLn 1–2$123K
Total assetsLn 16$252K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$658K
Government grantsLn 1e$655K
Fees for servicesLn 2g$26K
Investment incomeLn 3$2K
Total revenueLn 12$686K
Assets in detailPt X, end of year
CashLn 1$53K
SavingsLn 2$71K
Cash and savings togetherLn 1–2$123K
Land, buildings, equipmentLn 10c$97K
Other assetsLn 15$0
Total assetsLn 16$252K
LiabilitiesLn 26$0
Net assetsLn 32$252K
OperationsPt I, VI
EmployeesI 514
VolunteersI 619
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$64K$123K
Land, buildings, equipmentLn 10c$111K$97K
Total assetsLn 16$235K$252K
LiabilitiesLn 26$877$0
Net assetsLn 32$234K$252K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$92K$75K$17K$0
Other salaries and wagesLn 7$273K$223K$50K$0
Other employee benefitsLn 9$26K$21K$5K$0
Payroll taxesLn 10$33K$27K$6K$0
Accounting feesLn 11c$5K$0$5K$0
Investment management feesLn 11f$9K$6K$3K$0
Advertising and promotionLn 12$24K$21K$3K$0
Office expensesLn 13$5K$0$5K$0
OccupancyLn 16$60K$49K$11K$0
TravelLn 17$3K$3K$690$0
Depreciation, depletion and amortizationLn 22$13K$13K$533$0
InsuranceLn 23$12K$10K$2K$0
Other expenses (24a–d)Ln 24$13K$12K$490$0
All other expensesLn 24e$100K$98K$2K$0
Total functional expensesLn 25$668K$558K$110K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Oct 27, 2025 $686K$668K$18K$252K 990 PDF
FY2024Filed with the IRS Nov 25, 2024 $829K$841K−$12K$234K 990 PDF
FY2023Filed with the IRS Dec 4, 2023 $872K$843K$29K$246K 990 PDF
FY2022Filed with the IRS Nov 28, 2022 $776K$841K−$65K$217K 990 PDF
FY2021Filed with the IRS Nov 19, 2021 $883K$767K$115K$283K 990 PDF
FY2020Filed with the IRS Jan 29, 2021 $567K$599K−$31K$167K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $685,907 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $805,858$657,945
I-9 Program service revenuePrior year $21,888$25,828
I-10 Investment incomePrior year $870$2,134
I-11 Other revenue$0
I-12 Total revenuePrior year $828,616$685,907
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $445,983$423,505
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $394,667$244,678
I-18 Total expensesPrior year $840,650$668,183
I-19 Revenue less expensesPrior year −$12,034$17,724
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $685,907 across 6 lines filed
VIII-1e Government grants$655,140
VIII-1f All other contributions, gifts and grants$2,805
VIII-1h Total contributions, gifts and grants$657,945
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$25,828
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $2,134$2,134
VIII-12 Total revenueRelated to mission $25,828 · Unrelated business $0 · Excluded from tax $2,134$685,907
Part IX · Statement of functional expenses $668,183 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $74,863 · Management $16,657 · Fundraising $0$91,520
IX-7 Other salaries and wagesPrograms $223,116 · Management $49,653 · Fundraising $0$272,769
IX-9 Other employee benefitsPrograms $21,361 · Management $4,753 · Fundraising $0$26,114
IX-10 Payroll taxesPrograms $27,077 · Management $6,025 · Fundraising $0$33,102
IX-11c Accounting feesPrograms $0 · Management $4,950 · Fundraising $0$4,950
IX-11f Investment management feesPrograms $6,100 · Management $3,232 · Fundraising $0$9,332
IX-12 Advertising and promotionPrograms $21,069 · Management $2,529 · Fundraising $0$23,598
IX-13 Office expensesPrograms $0 · Management $5,147 · Fundraising $0$5,147
IX-16 OccupancyPrograms $49,000 · Management $10,900 · Fundraising $0$59,900
IX-17 TravelPrograms $2,800 · Management $690 · Fundraising $0$3,490
IX-22 Depreciation, depletion and amortizationPrograms $12,656 · Management $533 · Fundraising $0$13,189
IX-23 InsurancePrograms $9,877 · Management $2,198 · Fundraising $0$12,075
IX-24 Other expenses (24a–d)Programs $12,433 · Management $490 · Fundraising $0$12,923
IX-24e All other expensesPrograms $97,752 · Management $2,322 · Fundraising $0$100,074
IX-25 Total functional expensesPrograms $558,104 · Management $110,079 · Fundraising $0$668,183
Part X · Balance sheet $252,019 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $31,581$52,668
X-2 Savings and temporary cash investmentsStart of year $32,258$70,752
X-4 Accounts receivableStart of year $58,166$28,609
X-9 Prepaid expenses and deferred chargesStart of year $2,662$2,675
X-10c Land, buildings and equipment, netStart of year $110,505$97,315
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $235,172$252,019
X-17 Accounts payable and accrued expensesStart of year $877$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $877$0
X-27 Net assets without donor restrictionsStart of year $218,227$218,746
X-28 Net assets with donor restrictionsStart of year $16,068$33,273
X-32 Total net assets or fund balancesStart of year $234,295$252,019
X-33 Total liabilities and net assetsStart of year $235,172$252,019
Part XI · Reconciliation of net assets $252,019 net assets at year end
XI-1 Total revenue$685,907
XI-2 Total expenses$668,183
XI-3 Revenue less expenses$17,724
XI-4 Net assets at start of year$234,295
XI-10 Net assets at end of year$252,019

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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