Educators for Excellence INC FY2023 filing

Tax-deductible

New York, NY501(c)(3)Since 2010EducationEIN 27-3382030

501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
$1.2M paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $1.4M a year · 12% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.2M
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.9M
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 7 voting members
Looks good: 5 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.7M
-61% vs prior year
Spent
$12.4M
To programs
63%
Net assets
$8.0M
By yearFY2020–FY2024
Revenue
$6.7M
FY2023▼ -61%
Revenue by fiscal year
FY2020$11.4M
FY2021$12.7M
FY2022$17.1M
FY2023$6.7M
FY2024$9.0M
FY2024$12.7M
Expenses
$12.4M
FY2023▼ -3%
Expenses by fiscal year
FY2020$15.2M
FY2021$12.9M
FY2022$12.8M
FY2023$12.4M
FY2024$10.6M
FY2024$10.5M
Net assets
$8.0M
FY2023▼ -40%
Net assets by fiscal year
FY2020$9.5M
FY2021$9.2M
FY2022$13.5M
FY2023$8.0M
FY2024$6.6M
FY2024$8.8M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CEducators for Excellence INC
EINHdr · item D27-3382030
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMar 2011
Year of formationHdr · item L2010
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CNew York, NY
NTEE classificationIRS BMFEducation (B032)
WebsiteHdr · item Jwww.e4e.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.63 Management & general $0.24 Fundraising $0.14
Program services63%$7.8M
Management & general24%$2.9M
Fundraising14%$1.7M
Total functional expensesLn 25$12.4M

Finances

Money in and out, what it owns and owes

Program efficiency
63%
of spending reaches programs
Months of spending covered by cash
6.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-84%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$10.0M
FY2023▼ -30%
Total assets by fiscal year
FY2020$12.3M
FY2021$11.9M
FY2022$14.2M
FY2023$10.0M
FY2024$7.6M
FY2024$9.4M
Total liabilities
$1.9M
FY2023▲ +165%
Total liabilities by fiscal year
FY2020$2.8M
FY2021$2.6M
FY2022$728K
FY2023$1.9M
FY2024$1.0M
FY2024$532K
Revenue less expensesPt I · Ln 19−$5.6M
Total assetsPt X · Ln 16$10.0M
Program-expense ratioPt IX · col B63%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$6.1M
Total assetsLn 16$10.0M
Total liabilitiesLn 26$1.9M
Total net assetsLn 32$8.0M
Months of cash on handcomputed5.9

Statement of Revenue

Part VIII
Contributions & grants$6.7M · 99%
Investment income$35K · 1%
Other revenue$41K · 1%
Contributions & grants99%$6.7M
Investment income1%$35K
Other revenue1%$41K
Total revenueLn 12$6.7M

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Months of spending covered by cash
Highly liquid reserves $6.2M · Operating expenses (Pt IX) $12.4M · Less non-cash grants $4K · Cash operating expenses/yr $12.4M
6.0 months
Where the money goes
Program services
Program services $7.8M · Total expenses $12.4M
63%
Management & General
Management & general $2.9M · Total expenses $12.4M
24%
Fundraising
Fundraising $1.7M · Total expenses $12.4M
14%
Cost to raise $1
Fundraising expense (3-yr avg) $1.6M · Solicited contributions (3-yr avg) $10.7M
$0.15 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $6.7M · Total revenue $6.7M
99%
Government reliance
Government grants — · Total revenue $6.7M
—
Earned-income share
Program service revenue $0 · Total revenue $6.7M
0%
Investment reliance
Investment income $35K · Total revenue $6.7M
+0.5%
Program self-sufficiency
Program service revenue $0 · Total expenses $12.4M
0%
Growth & trend
Revenue growth (YoY)
This year $6.7M · Prior year $17.1M
-61%
Net-asset trend (YoY)
End of year $8.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $6.7M · Expenses $12.4M
-84%
Liabilities-to-Assets
Total liabilities — · Total assets $10.0M
—
Net-asset ratio
Net assets $8.0M · Total assets $10.0M
81%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $100K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $10.0M
1.0%
People & payroll
Highest Reported Total Compensation
Individual Evan Stone · Reported title CO-CEO · Highest reported compensation $267K · Total expenses $12.4M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $8.3M · Total expenses $12.4M
67%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 63%——
Overhead ratio 24%——
Fundraising cost ratio 26%——
Revenue growth -61%——
Legal fee ratio 0.7%——
Accounting fee ratio 1%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$267,482Pt VII · Sec A
$265,124Pt VII · Sec A
Chief of Staff and Impact
$196,853Pt VII · Sec A
Chief Growth Officer
$171,927Pt VII · Sec A
Chief Operations and People Officer
$152,036Pt VII · Sec A
Minnesota Executive Officer
$128,159Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Evan Stone’s $300K as Chief Executive Officer is at the 65th percentile of top reported officer pay among 3683 $10–100M 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 · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Evan Stone$300,496$283,435$267,482———
Sydney Morris$183,400$283,615$265,124———
Evan R Stone———$260,308$209,447$245,796
Sydney J Morris———$254,137$207,987$245,590
Chiara Grabill$227,603—————
Chiara Grabrill—$219,480$171,927$155,999——
Marielys Divanne$218,100—————
Kelly Hughes Burton$217,933$206,281$196,853$192,899——

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.

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Governance & Policies

Part VI
  • 7Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

Advocates for teachers to shape policies affecting students and their profession.

Provided by the organization

This section is blank until Educators for Excellence INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $7.8M of program spending, described in the organization's own filed words · FY2022.
01

See schedule o

$7.8Mprogram expense

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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 · FY2025
Total grants receivedfrom 1 funder$50K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $9.0M$10.6M+34% 990 PDF
FY2023 Viewing $6.7M$12.4M-61% 990 PDF
FY2022 $17.1M$12.8M+35% 990 PDF
FY2021 $12.7M$12.9M+11% 990 PDF
FY2020 $11.4M$15.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Full filing: Form 990 for FY2023

Every line we hold from the return, cited to its Part and line.
Part VIII · Statement of revenue $6,734,515 across 7 lines filed
VIII-1f All other contributions, gifts and grants$6,659,032
VIII-1g Noncash contributions (included above)$4,427
VIII-1h Total contributions, gifts and grants$6,659,032
VIII-3 Investment incomeExcluded from tax $34,623$34,623
VIII-7 Net gain or loss on sales of assets$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $40,860$40,860
VIII-12 Total revenueRelated to mission $40,860 · Unrelated business $0 · Excluded from tax $34,623$6,734,515
Part IX · Statement of functional expenses $12,384,426 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $535,937 · Management $184,228 · Fundraising $117,236$837,401
IX-7 Other salaries and wagesPrograms $3,874,282 · Management $1,331,785 · Fundraising $847,499$6,053,566
IX-8 Pension plan contributionsPrograms $21,491 · Management $7,388 · Fundraising $4,701$33,580
IX-9 Other employee benefitsPrograms $570,072 · Management $195,963 · Fundraising $124,704$890,739
IX-10 Payroll taxesPrograms $327,792 · Management $112,679 · Fundraising $71,705$512,176
IX-11b Legal feesPrograms $54,799 · Management $25,714 · Fundraising $11,987$92,500
IX-11c Accounting feesManagement $156,510$156,510
IX-11d Lobbying feesPrograms $104,500$104,500
IX-11g Other fees for servicesPrograms $588,161 · Management $445,946 · Fundraising $203,806$1,237,913
IX-12 Advertising and promotionPrograms $49,824$49,824
IX-13 Office expensesPrograms $364,881 · Management $118,383 · Fundraising $75,335$558,599
IX-14 Information technologyPrograms $61,515 · Management $21,146 · Fundraising $13,456$96,117
IX-16 OccupancyPrograms $643,416 · Management $237,235 · Fundraising $150,967$1,031,618
IX-17 TravelPrograms $230,560 · Management $3,841 · Fundraising $59,355$293,756
IX-19 Conferences, conventions and meetingsPrograms $11,826 · Management $4,065 · Fundraising $2,587$18,478
IX-22 Depreciation, depletion and amortizationPrograms $89,658 · Management $28,094 · Fundraising $17,878$135,630
IX-23 InsuranceManagement $34,803$34,803
IX-24 Other expenses (24a–d)Programs $238,789 · Management $4,844 · Fundraising $3,083$246,716
IX-25 Total functional expensesPrograms $7,767,503 · Management $2,912,624 · Fundraising $1,704,299$12,384,426
Part X · Balance sheet $9,959,565 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $777,308$893,692
X-2 Savings and temporary cash investmentsStart of year $501,950$5,227,579
X-3 Pledges and grants receivableStart of year $3,530,556$1,839,381
X-4 Accounts receivableStart of year $468,753$0
X-9 Prepaid expenses and deferred chargesStart of year $216,196$134,076
X-10c Land, buildings and equipment, netStart of year $347,322$199,582
X-11 Publicly traded securitiesStart of year $8,103,469$99,565
X-15 Other assetsStart of year $248,539$1,565,690
X-16 Total assetsStart of year $14,194,093$9,959,565
X-17 Accounts payable and accrued expensesStart of year $592,303$498,304
X-25 Other liabilitiesStart of year $136,069$1,432,140
X-26 Total liabilitiesStart of year $728,372$1,930,444
X-27 Net assets without donor restrictionsStart of year $8,204,134$4,679,320
X-28 Net assets with donor restrictionsStart of year $5,261,587$3,349,801
X-32 Total net assets or fund balancesStart of year $13,465,721$8,029,121
X-33 Total liabilities and net assetsStart of year $14,194,093$9,959,565
Part XI · Reconciliation of net assets $8,029,121 net assets at year end
XI-1 Total revenue$6,734,515
XI-2 Total expenses$12,384,426
XI-3 Revenue less expenses−$5,649,911
XI-4 Net assets at start of year$13,465,721
XI-5 Net unrealized gains (losses) on investments$213,311
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,029,121

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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