Education Matters FY2022 filing

Cincinnati, OHUnknown exempt organization EIN 23-7121512Revenue $3.5M in FY2022

On file with the IRSemcincy.org2104 Saint Michael Street · Cincinnati, OH

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Education Matters' mission is to inspire learning and strengthen our community by removing barriers to education.

81¢ of each $1 spent went to programs.
$149K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average surplus $838K a year · 54% of revenue · last 3 filings
Worth a look: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$149K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
11 mo
of spending, in cash
Looks good: 10.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $7K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$39K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.5M
+484% vs prior year
Spent
$817K
To programs
81%
Net assets
$6.9M
By yearFY2020–FY2022
Revenue
$3.5M
FY2022▲ +484%
Tap a bar for its year
Revenue by fiscal year
FY2020$581K
FY2021$597K
FY2022$3.5M
FY2022$0
Expenses
$817K
FY2022▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$596K
FY2021$744K
FY2022$817K
FY2022$0
Net assets
$6.9M
FY2022▲ +104%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.6M
FY2021$3.4M
FY2022$6.9M
FY2022$0

From the FY2022 Form 990 (year ending June 2022) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $665K Management & general 11% · $90K Fundraising 8% · $62K

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

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Who runs it and what they're paid

13 people listed on the 990; $149K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$80,741Pt VII · Sec A
$68,352Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee - Exited 2/23/22
$0Pt VII · Sec A

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

NameFY2022FY2021FY2020
Mary Delaney$80,741$76,346$67,865
Emily Eskridge$68,352$66,922$63,423

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 Education Matters executive salaries →

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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 15aYes

Programs and updates

Removes barriers to education to inspire learning and strengthen communities.

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Provided by the organization

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2 programs · $665K · in their own filed words · FY2021
01

The Education Forward program is designed to meet students where they are to move their education forward. The program recognizes that earning a GED is a key step in entering the workforce, college, or a training program.

$356Kprogram expense
02

The English Connection program provides a safe, accepting environment that serves not only as an English for Speakers of Other Languages program, but also as a bridge into the community at large by providing the tools for communication necessary to access employment, essential services, and safe housing.

$309Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$7K
Grants paid · 3 grants · $151K · 2020–2021

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$3.5M
Ln 12
Gifts and grantsLn 1h$3.0M
Investment incomeLn 3$371K
Fees for servicesLn 2g$101K
Money outPt IX
$817K
Ln 25
Programscol B$665K
Managementcol C$90K
Fundraisingcol D$62K
Owns and owesPt X
$6.9M
net assets · Ln 32
Cash and savingsLn 1–2$737K
Total assetsLn 16$6.9M
LiabilitiesLn 26$39K
PeoplePt VI, VII
13
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.0M
Government grantsLn 1e$233K
Noncash giftsLn 1g$5K
Fees for servicesLn 2g$101K
Investment incomeLn 3$371K
Other incomeLn 4–11$4K
Gains on assetsLn 7$335K
Total revenueLn 12$3.5M
Assets in detailPt X, end of year
CashLn 1$45K
SavingsLn 2$692K
Cash and savings togetherLn 1–2$737K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$6.1M
Total assetsLn 16$6.9M
LiabilitiesLn 26$39K
Net assetsLn 32$6.9M
OperationsPt I, VI
EmployeesI 513
VolunteersI 626
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 FY22End FY22
Cash and savingsLn 1–2$257K$737K
InvestmentsLn 11–13−$86K$0
Land, buildings, equipmentLn 10c$101K$6.1M
Total assetsLn 16$5.7M$6.9M
LiabilitiesLn 26$2.3M$39K
Net assetsLn 32$3.4M$6.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$70K$70K
Pay of current officers, directors and key staffLn 5$169K$129K$24K$15K
Other salaries and wagesLn 7$265K$204K$38K$24K
Other employee benefitsLn 9$28K$22K$4K$3K
Payroll taxesLn 10$37K$28K$5K$3K
Legal feesLn 11b$15K$14K$2K
Accounting feesLn 11c$62K$56K$6K
Other fees for servicesLn 11g$88$79$9
Advertising and promotionLn 12$1K$823$87$137
Office expensesLn 13$8K$6K$524$823
Information technologyLn 14$8K$7K$800
OccupancyLn 16$56K$44K$5K$7K
TravelLn 17$706$695$11
Conferences, conventions and meetingsLn 19$1K$1K$125$196
InterestLn 20$15K$12K$1K$2K
Depreciation, depletion and amortizationLn 22$31K$24K$3K$4K
InsuranceLn 23$11K$9K$902$1K
Other expenses (24a–d)Ln 24$39K$38K$691$574
All other expensesLn 24e$284$256$28
Total functional expensesLn 25$817K$665K$90K$62K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Viewing $3.5M$817K$2.7M$6.9M 990 PDF
FY2021 $597K$744K−$147K$3.4M 990 PDF
FY2020 $581K$596K−$15K$3.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $3,491,452 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $444,640$3,015,826
I-9 Program service revenuePrior year $94,102$101,359
I-10 Investment incomePrior year $52,548$370,674
I-11 Other revenuePrior year $6,100$3,593
I-12 Total revenuePrior year $597,390$3,491,452
I-13 Grants and similar amounts paidPrior year $95,929$70,015
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $408,367$499,150
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $240,028$247,548
I-18 Total expensesPrior year $744,324$816,713
I-19 Revenue less expensesPrior year −$146,934$2,674,739
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,491,452 across 10 lines filed
VIII-1d Related organizations$2,217,097
VIII-1e Government grants$232,579
VIII-1f All other contributions, gifts and grants$566,150
VIII-1g Noncash contributions (included above)$5,486
VIII-1h Total contributions, gifts and grants$3,015,826
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $101,359$101,359
VIII-3 Investment incomeExcluded from tax $35,328$35,328
VIII-7 Net gain or loss on sales of assetsExcluded from tax $335,346$335,346
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $3,593$3,593
VIII-12 Total revenueRelated to mission $101,359 · Unrelated business $0 · Excluded from tax $374,267$3,491,452
Part IX · Statement of functional expenses $816,713 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $70,015$70,015
IX-5 Pay of current officers, directors and key staffPrograms $129,415 · Management $23,861 · Fundraising $15,261$168,537
IX-7 Other salaries and wagesPrograms $203,759 · Management $37,569 · Fundraising $24,028$265,356
IX-9 Other employee benefitsPrograms $21,625 · Management $3,987 · Fundraising $2,550$28,162
IX-10 Payroll taxesPrograms $28,484 · Management $5,252 · Fundraising $3,359$37,095
IX-11b Legal feesPrograms $13,529 · Management $1,503$15,032
IX-11c Accounting feesPrograms $55,737 · Management $6,193$61,930
IX-11g Other fees for servicesPrograms $79 · Management $9$88
IX-12 Advertising and promotionPrograms $823 · Management $87 · Fundraising $137$1,047
IX-13 Office expensesPrograms $6,295 · Management $524 · Fundraising $823$7,642
IX-14 Information technologyPrograms $7,196 · Management $800$7,996
IX-16 OccupancyPrograms $43,616 · Management $4,626 · Fundraising $7,269$55,511
IX-17 TravelPrograms $695 · Management $11$706
IX-19 Conferences, conventions and meetingsPrograms $1,177 · Management $125 · Fundraising $196$1,498
IX-20 InterestPrograms $11,809 · Management $1,252 · Fundraising $1,968$15,029
IX-22 Depreciation, depletion and amortizationPrograms $24,022 · Management $2,548 · Fundraising $4,004$30,574
IX-23 InsurancePrograms $8,501 · Management $902 · Fundraising $1,417$10,820
IX-24 Other expenses (24a–d)Programs $38,126 · Management $691 · Fundraising $574$39,391
IX-24e All other expensesPrograms $256 · Management $28$284
IX-25 Total functional expensesPrograms $665,159 · Management $89,968 · Fundraising $61,586$816,713
Part X · Balance sheet $6,899,681 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $33,043$45,020
X-2 Savings and temporary cash investmentsStart of year $224,450$691,523
X-4 Accounts receivableStart of year $92,018$64,979
X-9 Prepaid expenses and deferred chargesStart of year $3,942$1,722
X-10c Land, buildings and equipment, netStart of year $101,079$6,096,437
X-12 Other securitiesStart of year −$86,171$0
X-16 Total assetsStart of year $5,685,161$6,899,681
X-17 Accounts payable and accrued expensesStart of year $24,165$39,490
X-25 Other liabilitiesStart of year $2,292,400$0
X-26 Total liabilitiesStart of year $2,316,565$39,490
X-27 Net assets without donor restrictionsStart of year $3,313,596$6,805,191
X-28 Net assets with donor restrictionsStart of year $55,000$55,000
X-32 Total net assets or fund balancesStart of year $3,368,596$6,860,191
X-33 Total liabilities and net assetsStart of year $5,685,161$6,899,681
Part XI · Reconciliation of net assets $6,860,191 net assets at year end
XI-1 Total revenue$3,491,452
XI-2 Total expenses$816,713
XI-3 Revenue less expenses$2,674,739
XI-4 Net assets at start of year$3,368,596
XI-8 Prior period adjustments−$21
XI-9 Other changes in net assets$816,877
XI-10 Net assets at end of year$6,860,191

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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