Edchoice INC FY2022 filing

Tax-deductible

Indianapolis, IN501(c)(3)Since 1996EducationEIN 35-1978359Revenue $14.3M in FY2022

On file with the IRSedchoice.org111 Monument Cir Ste 2650, 46204-5102 · Indianapolis, INTax-exempt since Jun 1996Publicly supported charity — 170(b)(1)(A)(vi)

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Edchoice, INC. Is dedicated to advancing full and unencumbered educational choice as the best pathway to successful lives and a stronger society.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$1.4M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990-TIndependent: 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-T
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $266K a year · 2% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.4M
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.1M
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 9 voting members
Looks good: 7 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$14.3M
+41% vs prior year
Spent
$11.0M
To programs
88%
Net assets
$20.3M
By yearFY2020–FY2025
Revenue
$14.3M
FY2022▲ +41%
Tap a bar for its year
Revenue by fiscal year
FY2020$8.1M
FY2021$10.1M
FY2022$14.3M
FY2023$10.6M
FY2024$11.7M
FY2025$11.7M
Expenses
$11.0M
FY2022▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2020$7.3M
FY2021$9.5M
FY2022$11.0M
FY2023$13.0M
FY2024$12.9M
FY2025$11.3M
Net assets
$20.3M
FY2022▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$17.9M
FY2021$19.8M
FY2022$20.3M
FY2023$19.2M
FY2024$17.2M
FY2025$19.2M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1996.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $9.6M Management & general 3% · $359K Fundraising 9% · $985K

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

16 people listed on the 990-T; $1.4M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$338,508Pt VII · Sec A
Vice President- Legal Affairs
$181,104Pt VII · Sec A
Vice President of Development
$166,000Pt VII · Sec A
Vice President of Operations
$155,454Pt VII · Sec A
V.p. of Research & Innovation
$149,600Pt VII · Sec A
V.p. of External Relations
$148,284Pt VII · Sec A
V.p. of Training & Outreach
$134,545Pt VII · Sec A
Director of Fiscal Research
$133,000Pt VII · Sec A

Robert C Enlow’s $407K as President & CEO is at the 81st 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Robert C Enlow$407,301$452,708$383,904$338,508$323,504$316,110
Thomas Fisher$251,380$250,004————
Leslie Hiner$212,300$213,008$203,398$181,104$176,951$163,500
Carey E Folco$195,400$187,900$184,783$155,454$130,800$107,133
Brian McGrath$191,100$175,650$180,246$148,284$146,650—
Paul Diperna$185,100$175,650$180,262$149,600$148,241$130,658
Steven Holwerda$181,000$165,904$170,504$166,000$167,893$145,824
Bryan Cleveland$173,118—————

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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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

Promotes educational freedom and choice to empower individuals and strengthen society.

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Provided by the organization

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3 programs · $9.6M · in their own filed words · FY2022
01

State Programs

Edchoice, inc, works in states around the country to educate the public on the issue of educational choice, providing educational services to state-based organizations and individuals. Services include: sponsoring and hosting informational symposiums, testifying in front of various legislative bodies, educating local and state…

$3.4Mprogram expense
02

Research and Thought Leadership

Edchoice, inc, produces non-partisan research and publications intended to inform the public on the issue of educational choice. Types of research and educational publications include: reviewing and synthesizing existing research on educational choice, such as the abc's of school choice and informational brochures; conducting original…

$3.3Mprogram expense
03

Training and Outreach

Edchoice, inc, undertakes non-partisan educational training and outreach activities that inform the public, media and policy makers on the issue of educational choice and on existing school choice programs. This includes formal trainings, conferences, fact-finding trips, and educational briefings.

$3.0Mprogram 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 · FY2025
Total grants receivedfrom 1 funder$25K
Grants paid · 121 grants · $6.5M · 2020–2025
National Microschooling CenterNV · FY2025$75,000
Love Your SchoolAZ · FY2025$75,000
National Urban League INCNY · FY2025$50,000
Palmetto Promise InstituteSC · FY2025$40,000
Alabama Policy Institute INCAL · FY2025$30,000
National Urban League INCNY · FY2024$100,000
See all 121 grants →

By the numbers

The FY2022 990-T, line by line.

1The main four
Money in
$14.3M
Gifts and grants$12.3M
Investment income$1.9M
Fees for services$67K
Money out
$11.0M
Programs$9.6M
Management$359K
Fundraising$985K
Owns and owes
$20.3M
net assets
Cash and savings$1.1M
Total assets$21.5M
Liabilities$1.1M
People
16
listed
Paid9
Voting board9
Independent7
2In more detail
Revenue in detail
Gifts and grants$12.3M
Fees for services$67K
Investment income$1.9M
Other income$10K
Total revenue$14.3M
Assets in detailEnd of year
Cash and savings together$1.1M
Total assets$21.5M
Liabilities$1.1M
Net assets$20.3M
Operations
Employees43
Volunteers8
Fiscal year endsDecember
Conflict-of-interest policyYes
Whistleblower policyYes
Records policyYes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $11.7M$11.3M$388K$19.2M 990 PDF
FY2024 $11.7M$12.9M−$1.2M$17.2M 990 PDF
FY2023 $10.6M$13.0M−$2.4M$19.2M 990 PDF
FY2022 Viewing $14.3M$11.0M$3.3M$20.3M 990 PDF
FY2021 $10.1M$9.5M$646K$19.8M 990 PDF
FY2020 $8.1M$7.3M$822K$17.9M 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

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

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