Erikson Institute FY2024 filing

Tax-deductible

Chicago, IL501(c)(3)Since 1966EducationEIN 36-2593545Revenue $22.7M in FY2024

On file with the IRSerikson.edu451 N La Salle Dr, 60654-4510 · Chicago, ILTax-exempt since Oct 1966School — 170(b)(1)(A)(ii)

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Erikson is a leading institution of higher education that prepares professionals to address the urgent challenges facing young children, their families and communities. Our innovative programs, transformative research and impactful advocacy empower early childhood professionals to drive lasting change. Erikson strives to build a future where every child thrives.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$2.0M 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 $2.1M a year · 7% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.0M
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$28.3M
30% of total assets
Looks good: liabilities are 30% of assets; 50% or less.
Pt X · Ln 26
Independent board members
29
of 30 voting members
Looks good: 29 of 30 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$22.7M
-38% vs prior year
Spent
$30.5M
To programs
75%
Net assets
$67.3M
By yearFY2020–FY2025
Revenue
$22.7M
FY2024▼ -38%
Tap a bar for its year
Revenue by fiscal year
FY2020$23.7M
FY2021$33.1M
FY2022$29.4M
FY2023$36.7M
FY2024$22.7M
FY2025$33.4M
Expenses
$30.5M
FY2024▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$27.6M
FY2021$26.2M
FY2022$25.5M
FY2023$26.1M
FY2024$30.5M
FY2025$30.7M
Net assets
$67.3M
FY2024▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$41.1M
FY2021$60.3M
FY2022$56.9M
FY2023$69.6M
FY2024$67.3M
FY2025$76.5M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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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 Oct 1966.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $22.8M Management & general 21% · $6.3M Fundraising 4% · $1.4M

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

41 people listed on the 990; $2.0M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$455,162Pt VII · Sec A
Chief External Affairs Officer
$271,215Pt VII · Sec A
VP of Finance & Operations/Chief Financial Officer
$227,761Pt VII · Sec A
VP of Academic Affairs
$203,370Pt VII · Sec A
Director of the Early Learning and Teaching Academy
$189,282Pt VII · Sec A
$154,025Pt VII · Sec A
Associate VP Clinical and Community Services
$142,308Pt VII · Sec A
Director of Development
$138,615Pt VII · Sec A

Mariana Souto-Manning’s $645K as President is at the 95th 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
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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Equips professionals to ensure all children have fair chances to succeed.

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Provided by the organization

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3 programs · $22.8M · in their own filed words · FY2023
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.

$12.9Mprogram 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…

$7.0Mprogram 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.

$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$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 →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$22.7M
Ln 12
Gifts and grantsLn 1h$12.5M
Fees for servicesLn 2g$7.7M
Investment incomeLn 3$2.8M
Money outPt IX
$30.5M
Ln 25
Programscol B$22.8M
Managementcol C$6.3M
Fundraisingcol D$1.4M
Owns and owesPt X
$67.3M
net assets · Ln 32
Cash and savingsLn 1–2$5.1M
Total assetsLn 16$95.6M
LiabilitiesLn 26$28.3M
PeoplePt VI, VII
41
listed · VII A
PaidVII A11
Voting boardVI 1a30
IndependentVI 1b29
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12.5M
Government grantsLn 1e$6.3M
Noncash giftsLn 1g$70K
Fundraising eventsLn 1c$1.3M
Fees for servicesLn 2g$7.7M
Investment incomeLn 3$2.8M
Gains on assetsLn 7$1.5M
Total revenueLn 12$22.7M
Assets in detailPt X, end of year
CashLn 1$325K
SavingsLn 2$4.8M
Cash and savings togetherLn 1–2$5.1M
InvestmentsLn 11–13$60.9M
Land, buildings, equipmentLn 10c$19.5M
Other assetsLn 15$685K
Total assetsLn 16$95.6M
LiabilitiesLn 26$28.3M
Net assetsLn 32$67.3M
OperationsPt I, VI
EmployeesI 5258
VolunteersI 6199
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 FY24End FY24
Cash and savingsLn 1–2$10.1M$5.1M
InvestmentsLn 11–13$57.7M$60.9M
Land, buildings, equipmentLn 10c$20.4M$19.5M
Total assetsLn 16$99.3M$95.6M
LiabilitiesLn 26$29.8M$28.3M
Net assetsLn 32$69.6M$67.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$699K$699K
Grants to domestic individualsLn 2$2.6M$2.6M
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$1.4M$899K$380K$155K
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$13.1M$10.3M$2.4M$471K
Pension plan contributionsLn 8$708K$544K$133K$30K
Other employee benefitsLn 9$1.6M$1.3M$308K$70K
Payroll taxesLn 10$1.0M$780K$191K$44K
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$5K$3K$3K$0
Accounting feesLn 11c$73K$0$73K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$70K$70K
Investment management feesLn 11f$596K$273K$323K$0
Other fees for servicesLn 11g$3.1M$1.6M$1.1M$358K
Advertising and promotionLn 12$310K$57K$252K$576
Office expensesLn 13$331K$129K$191K$10K
Information technologyLn 14$436K$265K$151K$20K
RoyaltiesLn 15$4K$4K$0$0
OccupancyLn 16$649K$434K$206K$8K
TravelLn 17$376K$273K$37K$66K
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$328K$222K$95K$11K
InterestLn 20$1.4M$1.2M$168K$28K
Depreciation, depletion and amortizationLn 22$940K$808K$113K$19K
InsuranceLn 23$227K$152K$72K$3K
Other expenses (24a–d)Ln 24$506K$343K$162K$1K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$30.5M$22.8M$6.3M$1.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $33.4M$30.7M$2.7M$76.5M 990 PDF
FY2024 Viewing $22.7M$30.5M−$7.8M$67.3M 990 PDF
FY2023 $36.7M$26.1M$10.6M$69.6M 990 PDF
FY2022 $29.4M$25.5M$3.9M$56.9M 990 PDF
FY2021 $33.1M$26.2M$6.9M$60.3M 990 PDF
FY2020 $23.7M$27.6M−$3.9M$41.1M 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
See the full FY2024 990 (6 parts)
Part I · Summary $22,748,864 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $28,068,856$12,451,793
I-9 Program service revenuePrior year $6,803,300$7,707,580
I-10 Investment incomePrior year $2,068,320$2,758,005
I-11 Other revenuePrior year −$272,105−$168,514
I-12 Total revenuePrior year $36,668,371$22,748,864
I-13 Grants and similar amounts paidPrior year $1,931,016$3,332,537
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $16,053,570$17,897,746
I-16a Professional fundraising feesPrior year $70,000$70,000
I-17 Other expensesPrior year $8,011,875$9,237,004
I-18 Total expensesPrior year $26,066,461$30,537,287
I-19 Revenue less expensesPrior year $10,601,910−$7,788,423
Part VI · Governance 29 of 30 board members independent, 1 to look at
VI-1a Voting members of the governing body30
VI-1b Independent voting members29
VI-2 Family or business relationship among officers or directorsYes
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 $22,748,864 across 16 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$1,289,483
VIII-1d Related organizations$0
VIII-1e Government grants$6,250,042
VIII-1f All other contributions, gifts and grants$4,912,268
VIII-1g Noncash contributions (included above)$70,341
VIII-1h Total contributions, gifts and grants$12,451,793
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,707,580 · Unrelated business $0 · Excluded from tax $0$7,707,580
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,214,379$1,214,379
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $11,582$11,582
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $70,965$70,965
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,543,626$1,543,626
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$265,904−$265,904
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $14,843 · Unrelated business $0 · Excluded from tax $0$14,843
VIII-12 Total revenueRelated to mission $7,722,423 · Unrelated business $0 · Excluded from tax $2,574,648$22,748,864
Part IX · Statement of functional expenses $30,537,287 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $699,190$699,190
IX-2 Grants to domestic individualsPrograms $2,633,347$2,633,347
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $899,314 · Management $380,457 · Fundraising $154,720$1,434,491
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $10,273,958 · Management $2,361,358 · Fundraising $471,381$13,106,697
IX-8 Pension plan contributionsPrograms $543,851 · Management $133,456 · Fundraising $30,475$707,782
IX-9 Other employee benefitsPrograms $1,255,195 · Management $308,013 · Fundraising $70,335$1,633,543
IX-10 Payroll taxesPrograms $780,093 · Management $191,427 · Fundraising $43,713$1,015,233
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $2,536 · Management $2,796 · Fundraising $0$5,332
IX-11c Accounting feesPrograms $0 · Management $72,586 · Fundraising $0$72,586
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $70,000$70,000
IX-11f Investment management feesPrograms $272,849 · Management $323,152 · Fundraising $0$596,001
IX-11g Other fees for servicesPrograms $1,578,603 · Management $1,119,424 · Fundraising $357,538$3,055,565
IX-12 Advertising and promotionPrograms $57,373 · Management $252,303 · Fundraising $576$310,252
IX-13 Office expensesPrograms $129,276 · Management $191,082 · Fundraising $10,319$330,677
IX-14 Information technologyPrograms $264,842 · Management $151,074 · Fundraising $20,256$436,172
IX-15 RoyaltiesPrograms $3,545 · Management $0 · Fundraising $0$3,545
IX-16 OccupancyPrograms $433,872 · Management $206,396 · Fundraising $8,358$648,626
IX-17 TravelPrograms $273,072 · Management $36,597 · Fundraising $66,457$376,126
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $221,852 · Management $94,528 · Fundraising $11,493$327,873
IX-20 InterestPrograms $1,205,260 · Management $168,176 · Fundraising $28,029$1,401,465
IX-22 Depreciation, depletion and amortizationPrograms $808,064 · Management $112,753 · Fundraising $18,792$939,609
IX-23 InsurancePrograms $151,820 · Management $72,222 · Fundraising $2,925$226,967
IX-24 Other expenses (24a–d)Programs $343,342 · Management $161,521 · Fundraising $1,345$506,208
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $22,831,254 · Management $6,339,321 · Fundraising $1,366,712$30,537,287
Part X · Balance sheet $95,624,133 assets, 23 lines filed
Asset lines not itemized here account for $103,489; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $2,869,642$325,066
X-2 Savings and temporary cash investmentsStart of year $7,213,038$4,811,748
X-3 Pledges and grants receivableStart of year $9,546,404$8,418,729
X-4 Accounts receivableStart of year $505,837$556,178
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $443,255$374,752
X-10c Land, buildings and equipment, netStart of year $20,360,292$19,468,976
X-11 Publicly traded securitiesStart of year $41,650,454$46,028,237
X-12 Other securitiesStart of year $16,043,570$14,851,586
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $645,091$685,372
X-16 Total assetsStart of year $99,327,583$95,624,133
X-17 Accounts payable and accrued expensesStart of year $1,315,801$1,209,414
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $891,187$594,205
X-20 Tax-exempt bond liabilitiesStart of year $24,990,850$24,500,331
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $2,566,956$2,036,175
X-26 Total liabilitiesStart of year $29,764,794$28,340,125
X-27 Net assets without donor restrictionsStart of year $16,884,754$18,580,710
X-28 Net assets with donor restrictionsStart of year $27,988,719$24,013,982
X-32 Total net assets or fund balancesStart of year $69,562,789$67,284,008
X-33 Total liabilities and net assetsStart of year $99,327,583$95,624,133
Part XI · Reconciliation of net assets $67,284,008 net assets at year end
XI-1 Total revenue$22,748,864
XI-2 Total expenses$30,537,287
XI-3 Revenue less expenses−$7,788,423
XI-4 Net assets at start of year$69,562,789
XI-5 Net unrealized gains (losses) on investments$3,779,261
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$596,001
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$1,134,380
XI-10 Net assets at end of year$67,284,008

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

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