Education Analytics INC EIN 46-1580391

Education Analytics INC FY2022 filing

EIN  46-1580391 Public charity (501(c)(3)) Madison, WI Founded 2012
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Verified accurate 8/8/26 · see original filing: IRS
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Size
$10–100M
What they do
Improves American education through research and policy analytics.
Leadership
Andrew Rice · CEO · $497K
Money in and out
$17.4M revenue, $16.3M expenses
Bottom line
69% program efficiency

Improves American education through research and policy analytics. For fiscal year 2022 it reported $17.4M in revenue, $16.3M in expenses, and $5.8M in net assets.Pt I

Where the money goes · FY2022
Total revenue
$17.4M
Pt VIII · Ln 12
Total expenses
$16.3M
Pt IX · Ln 25
Net assets
$5.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1.1M
Where spending went · Part IX cols B–D
Program services $0.69 Management & general $0.31
Program efficiency
69%
of spending reaches programs
Operating runway
0.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+6%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$17.4M
FY2022▲ +25%
Expenses
$16.3M
FY2022▲ +32%
Total assets
$16.8M
FY2022▲ +95%
Total liabilities
$11.0M
FY2022▲ +162%
Total revenue
$17.4M
Pt VIII · Ln 12
Total expenses
$16.3M
Pt IX · Ln 25
Net assets
$5.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1.1M
Total assetsPt X · Ln 16$16.8M
Program-expense ratioPt IX · col B69%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

2 program services account for $11.3M of program spending, described in the organization's own filed words · FY2022.
01

Education analytics' data analytics research and reporting services focus on providing technical metrics, such as student growth measures and consulting to school districts, states, and nonprofit organizations.

$7.3Mprogram expense
02

Future forward is a literacy and family program designed to support literacy development for students in early grades. Ea supports the development and implementation of the future forward program through two education innovation and research (eir) grants from the U.S.

$4.0Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEducation Analytics INC
EINHdr · item D46-1580391
Principal addressHdr · item CMadison, WI
WebsiteHdr · item Jwww.edanalytics.org
Year of formationHdr · item L2012
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFScience & Technology (U19)
Ruling yearIRS BMFApr 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b6
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$496,683Pt VII · Sec A
Chief Research Officer
$440,980Pt VII · Sec A
Chief Solutions Officer
$287,026Pt VII · Sec A
$246,872Pt VII · Sec A
VP of Technology
$200,015Pt VII · Sec A
VP of Analytics
$198,763Pt VII · Sec A
VP of People Operations
$195,084Pt VII · Sec A
Principal Researcher
$169,391Pt VII · Sec A

Andrew Rice’s $525K as CEO is at the 77th percentile of top reported officer pay among 140 $10–100M science & technology 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

NameFY2024FY2023FY2022FY2021FY2020
Andrew Rice$525,255$500,621$496,683$403,397$334,735
Robert Meyer$311,667$359,505$440,980$488,801$477,111
Noah Bookman$294,069$288,342$287,026$222,502
Jami O'Toole$274,605
Jeff Dominitz$259,497
Sean McLaughlin$232,088$231,240$246,872$211,387$154,496
Faustina Bohling$215,386$177,867$195,084$157,628
Lalanthika Vasudevan$205,800$203,152$200,015$161,142

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
Program service revenue$11.3M · 65%
Contributions & grants$6.1M · 35%
Program service revenue65%$11.3M
Contributions & grants35%$6.1M
Investment income$5K
Other revenue$36K
— government grantsLn 1e$3.9M
Total revenueLn 12$17.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.69 Management & general $0.31
Program services69%$11.3M
Management & general31%$5.0M
Total functional expensesLn 25$16.3M

Balance Sheet

Part X · end of year
CashLn 1$693K
Total assetsLn 16$16.8M
Total liabilitiesLn 26$11.0M
Total net assetsLn 32$5.8M
Months of cash on handcomputed0.5

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $693K · Operating expenses/yr $16.3M
0.5 months
Where the money goes
Program services
Program services $11.3M · Total expenses $16.3M
69%
Management & General
Management & general $5.0M · Total expenses $16.3M
31%
Fundraising
Fundraising $0 · Total expenses $16.3M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $2.4M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $6.1M · Total revenue $17.4M
35%
Government reliance
Government grants $3.9M · Total revenue $17.4M
23%
Earned-income share
Program service revenue $11.3M · Total revenue $17.4M
65%
Investment reliance
Investment income $5K · Total revenue $17.4M
0%
Program self-sufficiency
Program service revenue $11.3M · Total expenses $16.3M
69%
Growth & trend
Revenue growth (YoY)
This year $17.4M · Prior year $14.0M
+25%
Net-asset trend (YoY)
End of year $5.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $17.4M · Expenses $16.3M
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $16.8M
Net-asset ratio
Net assets $5.8M · Total assets $16.8M
35%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $16.8M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Andrew Rice · Reported title CEO · Highest reported compensation $497K · Total expenses $16.3M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $10.9M · Total expenses $16.3M
67%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 69%
Overhead ratio 31%
Fundraising cost ratio 0%
Revenue growth 25%
Legal fee ratio 0%

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 · FY2024
Total grants receivedfrom 2 funders$2.3M
Grants paid · 1 grant · $573K · 2024–2024
Future Forward INCWI · FY2024$572,749

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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 (Latest)$29.0M revenue · ⤓ 990 PDF
FY2023$26.9M revenue · ⤓ 990 PDF
FY2022$17.4M revenue · viewing · ⤓ 990 PDF
FY2021$14.0M revenue · ⤓ 990 PDF
FY2020$11.9M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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