Erikson Institute EIN 36-2593545

Erikson Institute

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Equips professionals to ensure all children have fair chances to succeed. For fiscal year 2024 it reported $33.4M in revenue, $30.7M in expenses, and $76.5M in net assets.Pt I

Founded
1966
Type
Public charity (501(c)(3)) · Education
Location
Chicago, IL
Website
www.erikson.edu
Filings
5 on file (2020–2024)
Revenue
$33.4MFY2024
Expenses
$30.7M
Net assets
$76.5M
People
41
Filings
5
Updates
0
More identity details & actions ⌄
EIN  36-2593545 Public charity (501(c)(3)) Chicago, IL Founded 1966
Form 990 (PDF)
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Figures match the IRS filing checked 8/9/26 · see original: IRS
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Size
$10–100M
What they do
Equips professionals to ensure all children have fair chances to succeed.
Leadership
Mariana Souto-Manning · President · $645K
Money in and out
$33.4M revenue, $30.7M expenses
Bottom line
72% program efficiency
Where the money goes · FY2024
Total revenue
$33.4M
Pt VIII · Ln 12
Total expenses
$30.7M
Pt IX · Ln 25
Net assets
$76.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2.7M
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.24 Fundraising $0.04
Program efficiency
72%
of spending reaches programs▼ -4% vs prior filing year
Operating runway
59.8mo
months of highly liquid reserves at operating expense rate▲ +130% vs prior filing year
Surplus margin
+8%
revenue over expenses, this year▲ +124% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$33.4M
FY2024▲ +47%
Expenses
$30.7M
FY2024+0.4%
Total assets
$104.7M
FY2024▲ +10%
Total liabilities
$28.2M
FY2024▼ -0.5%
Total revenue
$33.4M
Pt VIII · Ln 12
Total expenses
$30.7M
Pt IX · Ln 25
Net assets
$76.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2.7M
Total assetsPt X · Ln 16$104.7M
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 328
Independent voting membersPt I · Ln 428
Mission & Programs · Part III

Where the work happens

3 program services account for $21.9M of program spending, described in the organization's own filed words · FY2024.
01

Academics

Through master's degree, doctoral degrees, graduate certificate programs, and a variety of professional development programs, Erikson Institute prepares leaders in child development, social work, and early childhood education.

$12.0Mprogram expense
02

Direct Clinical Services

Erikson provides a variety of direct services to children and families, as well as consulting and training for professionals who work with them. Our Fussy Baby Network, Center for Children and Families (CCF), and Early Childhood Project, a partnership with the Illinois Department of Children and Family Services, have served over 7,000…

$7.3Mprogram expense
03

Research, Policy & Leadership

Erikson Institute leads the field in early childhood research, uncovering opportunities for us to drive positive change for children, families, and communities. Erikson's current research projects respond directly to the needs of young children and the people who serve them by focusing on what works and models that can be replicated.

$2.6Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CErikson Institute
EINHdr · item D36-2593545
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jwww.erikson.edu
Year of formationHdr · item L1966
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B300)
Ruling yearIRS BMFOct 1966

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a28
Independent voting membersPt VI · Ln 1b28
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$644,731Pt VII · Sec A
Chief External Affairs Officer
$279,351Pt VII · Sec A
VP of Finance & Operations/Chief Financial Officer
$234,432Pt VII · Sec A
VP of Academic Affairs
$215,005Pt VII · Sec A
Director of the Early Learning and Teaching Academy
$194,770Pt VII · Sec A
$158,648Pt VII · Sec A
$151,395Pt VII · Sec A
Director of Development
$147,001Pt VII · Sec A

Mariana Souto-Manning’s $645K as President is at the 95th percentile of top reported officer pay among 3682 $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
Mariana Souto-Manning$644,731$455,162$478,680$131,130
Geoffrey Nagle$187,092$240,554$373,943$398,648
Maura Daly$279,351$271,215$263,316$274,424$248,613$175,503
Patricia Lawson$234,432$227,761$221,250$261,208$219,709$208,245
Jie-Qi Chen$194,770$189,282$182,656$229,373$219,215$223,530
Pamela Epley$215,005$203,370$187,937$176,485
Marcy Safyer$185,654$134,671
Charles Chang$145,236$165,972$154,255

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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Statement of Revenue

Part VIII
Contributions & grants$25.4M · 76%
Program service revenue$6.4M · 19%
Investment income$1.7M · 5%
Contributions & grants76%$25.4M
Program service revenue19%$6.4M
Investment income5%$1.7M
— government grantsLn 1e$5.7M
Total revenueLn 12$33.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.24 Fundraising $0.04
Program services72%$21.9M
Management & general24%$7.5M
Fundraising4%$1.3M
Total functional expensesLn 25$30.7M

Balance Sheet

Part X · end of year
CashLn 1$7.5M
Total assetsLn 16$104.7M
Total liabilitiesLn 26$28.2M
Total net assetsLn 32$76.5M
Months of cash on handcomputed2.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $79.5M · Operating expenses (Pt IX) $30.7M · Less non-cash grants $14.7M · Cash operating expenses/yr $16.0M
59.8 months
Where the money goes
Program services
Program services $21.9M · Total expenses $30.7M
72%
Management & General
Management & general $7.5M · Total expenses $30.7M
24%
Fundraising
Fundraising $1.3M · Total expenses $30.7M
4%
Cost to raise $1
Fundraising expense (3-yr avg) $1.3M · Solicited contributions (3-yr avg) $16.0M
$0.08 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $25.4M · Total revenue $33.4M
76%
Government reliance
Government grants $5.7M · Total revenue $33.4M
17%
Earned-income share
Program service revenue $6.4M · Total revenue $33.4M
19%
Investment reliance
Investment income $1.7M · Total revenue $33.4M
+5%
Program self-sufficiency
Program service revenue $6.4M · Total expenses $30.7M
21%
Growth & trend
Revenue growth (YoY)
This year $33.4M · Prior year $22.7M
+47%
Revenue CAGR
FY2019 $23.7M · FY2024 $33.4M
+7%
Net-asset trend (YoY)
End of year $76.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $33.4M · Expenses $30.7M
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $104.7M
Net-asset ratio
Net assets $76.5M · Total assets $104.7M
73%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $56.0M · Other securities (Pt X, ln 12) $16.1M · Total assets (Pt X, ln 16) $104.7M
69%
People & payroll
Highest Reported Total Compensation
Individual Mariana Souto-Manning · Reported title President · Highest reported compensation $645K · Total expenses $30.7M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $18.6M · Total expenses $30.7M
61%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 24%
Fundraising cost ratio 5%
Revenue growth 47%

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.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$2K
Grants paid · 33 grants · $15.9M · 2019–2024
Unitemized GrantFY2024$2,324,643
Sri InternationalFY2024$88,279
American Academy of PediatricsFY2024$57,905
University of IllinoisFY2024$55,000
University of DelawareFY2024$53,040
Illinois Action for ChildrenFY2024$52,770
Indigo Cultural Center INCFY2024$45,547
University of ChicagoFY2024$43,598
National Association for Family ChildcareFY2024$31,240
Unitemized GrantFY2023$2,633,347
ChaddockIL · FY2023$240,860
University of ChicagoIL · FY2023$136,011
Illinois Action for ChildrenIL · FY2023$134,313
Sri InternationalCA · FY2023$75,089
University of DelawareDE · FY2023$22,569
Unitemized GrantFY2022$1,284,438
Sri InternationalCA · FY2022$242,245
See all 33 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$22.7M revenue · ⤓ 990 PDF
FY2023$36.7M revenue · ⤓ 990 PDF
FY2022$29.4M revenue · ⤓ 990 PDF
FY2021$33.1M revenue · ⤓ 990 PDF
FY2020$23.7M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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