Edchoice INC FY2024 filing

Tax-deductible

Indianapolis, IN501(c)(3)Since 1996EducationEIN 35-1978359Revenue $11.7M in FY2024

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)

Tell your story. Claim this org

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.
89¢ of each $1 spent went to programs.
$1.8M 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

FY2024 · 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
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
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.8M
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
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
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
$1.2M
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 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
$11.7M
+10% vs prior year
Spent
$12.9M
To programs
89%
Net assets
$17.2M
By yearFY2020–FY2025
Revenue
$11.7M
FY2024▲ +10%
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
$12.9M
FY2024-0.4%
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
$17.2M
FY2024▼ -10%
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 FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2024 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

89 cents of each dollar spent went to programs.

Program services 89% · $11.5M Management & general 3% · $403K Fundraising 8% · $1.1M

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

Something off? Claim to fix it

Who runs it and what they're paid

15 people listed on the 990; $1.8M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$452,708Pt VII · Sec A
Vice President & Director of Litigation
$250,004Pt VII · Sec A
Vice President of Legal Affairs
$213,008Pt VII · Sec A
Vice President of Operations
$187,900Pt VII · Sec A
V.p. of External Relations
$175,650Pt VII · Sec A
V.p. of Research & Innovation
$175,650Pt VII · Sec A
Vice President of Development
$165,904Pt VII · Sec A
Director of Fiscal Research
$148,400Pt 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.

See Edchoice INC executive salaries →

On this list? Claim this org

Something off? Claim to fix it

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.

Questions for Edchoice INC

Tap to ask. Edchoice INC sees how many people are interested.

Your first name shows with your question. Edchoice INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

3 programs · $10.6M · in their own filed words · FY2024
01

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.

$3.8Mprogram expense
02

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…

$3.6Mprogram expense
03

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…

$3.2Mprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$11.7M
Ln 12
Gifts and grantsLn 1h$9.8M
Investment incomeLn 3$1.7M
Fees for servicesLn 2g$193K
Money outPt IX
$12.9M
Ln 25
Programscol B$11.5M
Managementcol C$403K
Fundraisingcol D$1.1M
Owns and owesPt X
$17.2M
net assets · Ln 32
Cash and savingsLn 1–2$737K
Total assetsLn 16$18.4M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
15
listed · VII A
PaidVII A9
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9.8M
Noncash giftsLn 1g$308K
Fees for servicesLn 2g$193K
Investment incomeLn 3$1.7M
Other incomeLn 4–11$13K
Gains on assetsLn 7$1.1M
Total revenueLn 12$11.7M
Assets in detailPt X, end of year
CashLn 1$200K
SavingsLn 2$537K
Cash and savings togetherLn 1–2$737K
InvestmentsLn 11–13$16.3M
Land, buildings, equipmentLn 10c$128K
Other assetsLn 15$590K
Total assetsLn 16$18.4M
LiabilitiesLn 26$1.2M
Net assetsLn 32$17.2M
OperationsPt I, VI
EmployeesI 543
VolunteersI 68
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$3.0M$737K
InvestmentsLn 11–13$16.2M$16.3M
Land, buildings, equipmentLn 10c$192K$128K
Total assetsLn 16$20.5M$18.4M
LiabilitiesLn 26$1.3M$1.2M
Net assetsLn 32$19.2M$17.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.2M$1.2M
Pay of current officers, directors and key staffLn 5$896K$452K$153K$291K
Other salaries and wagesLn 7$3.5M$3.3M$93K$165K
Pension plan contributionsLn 8$91K$85K$2K$4K
Other employee benefitsLn 9$603K$539K$20K$44K
Payroll taxesLn 10$303K$259K$15K$29K
Legal feesLn 11b$15K$15K
Accounting feesLn 11c$48K$48K
Lobbying feesLn 11d$169K$169K
Professional fundraising feesLn 11e$126K$126K
Other fees for servicesLn 11g$1.9M$1.8M$34K$26K
Advertising and promotionLn 12$88K$86K$174$1K
Office expensesLn 13$222K$197K$15K$10K
OccupancyLn 16$174K$154K$8K$13K
TravelLn 17$513K$493K$677$19K
Travel and entertainment for public officialsLn 18$114K$114K
Conferences, conventions and meetingsLn 19$1.4M$1.4M$6K$7K
InterestLn 20$1K$919$53$99
Depreciation, depletion and amortizationLn 22$65K$56K$3K$6K
InsuranceLn 23$64K$55K$3K$6K
Other expenses (24a–d)Ln 24$1.4M$1.1M$2K$304K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$12.9M$11.5M$403K$1.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $11.7M$11.3M$388K$19.2M 990 PDF
FY2024 Viewing $11.7M$12.9M−$1.2M$17.2M 990 PDF
FY2023 $10.6M$13.0M−$2.4M$19.2M 990 PDF
FY2022 $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

More to add? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $11,715,259 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,667,186$9,771,686
I-9 Program service revenuePrior year $109,388$192,868
I-10 Investment incomePrior year $846,554$1,737,485
I-11 Other revenuePrior year $14,009$13,220
I-12 Total revenuePrior year $10,637,137$11,715,259
I-13 Grants and similar amounts paidPrior year $1,019,000$1,238,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,432,597$5,403,431
I-16a Professional fundraising feesPrior year $177,514$126,000
I-17 Other expensesPrior year $7,366,222$6,179,499
I-18 Total expensesPrior year $12,995,333$12,946,930
I-19 Revenue less expensesPrior year −$2,358,196−$1,231,671
Part VI · Governance 7 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
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 $11,715,259 across 9 lines filed
VIII-1f All other contributions, gifts and grants$9,771,686
VIII-1g Noncash contributions (included above)$308,347
VIII-1h Total contributions, gifts and grants$9,771,686
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $192,868$192,868
VIII-3 Investment incomeExcluded from tax $664,752$664,752
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,072,733$1,072,733
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $13,220$13,220
VIII-12 Total revenueRelated to mission $192,868 · Unrelated business $0 · Excluded from tax $1,750,705$11,715,259
Part IX · Statement of functional expenses $12,946,930 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $1,238,000$1,238,000
IX-5 Pay of current officers, directors and key staffPrograms $451,729 · Management $152,549 · Fundraising $291,233$895,511
IX-7 Other salaries and wagesPrograms $3,252,036 · Management $93,466 · Fundraising $165,129$3,510,631
IX-8 Pension plan contributionsPrograms $85,159 · Management $2,418 · Fundraising $3,892$91,469
IX-9 Other employee benefitsPrograms $539,401 · Management $19,527 · Fundraising $44,087$603,015
IX-10 Payroll taxesPrograms $258,777 · Management $15,360 · Fundraising $28,668$302,805
IX-11b Legal feesPrograms $14,942$14,942
IX-11c Accounting feesManagement $48,108$48,108
IX-11d Lobbying feesPrograms $169,148$169,148
IX-11e Professional fundraising feesFundraising $126,000$126,000
IX-11g Other fees for servicesPrograms $1,845,230 · Management $34,456 · Fundraising $26,176$1,905,862
IX-12 Advertising and promotionPrograms $86,325 · Management $174 · Fundraising $1,255$87,754
IX-13 Office expensesPrograms $197,302 · Management $14,730 · Fundraising $9,928$221,960
IX-16 OccupancyPrograms $153,514 · Management $7,635 · Fundraising $12,567$173,716
IX-17 TravelPrograms $492,680 · Management $677 · Fundraising $19,318$512,675
IX-18 Travel and entertainment for public officialsPrograms $113,819$113,819
IX-19 Conferences, conventions and meetingsPrograms $1,433,117 · Management $5,759 · Fundraising $6,509$1,445,385
IX-20 InterestPrograms $919 · Management $53 · Fundraising $99$1,071
IX-22 Depreciation, depletion and amortizationPrograms $55,644 · Management $3,235 · Fundraising $5,823$64,702
IX-23 InsurancePrograms $54,509 · Management $2,939 · Fundraising $6,221$63,669
IX-24 Other expenses (24a–d)Programs $1,051,257 · Management $1,643 · Fundraising $303,788$1,356,688
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $11,493,508 · Management $402,729 · Fundraising $1,050,693$12,946,930
Part X · Balance sheet $18,404,425 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $608,863$199,957
X-2 Savings and temporary cash investmentsStart of year $2,389,254$537,104
X-3 Pledges and grants receivableStart of year $500,000$501,104
X-9 Prepaid expenses and deferred chargesStart of year $188,728$192,057
X-10c Land, buildings and equipment, netStart of year $192,260$127,557
X-11 Publicly traded securitiesStart of year $16,222,973$16,256,508
X-15 Other assetsStart of year $376,208$590,138
X-16 Total assetsStart of year $20,478,286$18,404,425
X-17 Accounts payable and accrued expensesStart of year $565,398$535,676
X-19 Deferred revenueStart of year $152,188$168,900
X-25 Other liabilitiesStart of year $567,834$462,697
X-26 Total liabilitiesStart of year $1,285,420$1,167,273
X-27 Net assets without donor restrictionsStart of year $18,046,477$16,652,114
X-28 Net assets with donor restrictionsStart of year $1,146,389$585,038
X-32 Total net assets or fund balancesStart of year $19,192,866$17,237,152
X-33 Total liabilities and net assetsStart of year $20,478,286$18,404,425
Part XI · Reconciliation of net assets $17,237,152 net assets at year end
XI-1 Total revenue$11,715,259
XI-2 Total expenses$12,946,930
XI-3 Revenue less expenses−$1,231,671
XI-4 Net assets at start of year$19,192,866
XI-5 Net unrealized gains (losses) on investments−$724,043
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$17,237,152

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.