Education Design Lab FY2023 filing

Tax-deductible

Washington, DC501(c)(3)Since 2013EducationEIN 46-4248042Revenue $15.8M in FY2023

On file with the IRSeddesignlab.org1200 18th Street Nw 710, 20036-2506 · Washington, DCTax-exempt since Mar 2015Publicly supported charity — 170(b)(1)(A)(vi)

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To Design and test new models to help higher Education adapt as quickly as the economy changes, by partnering with higher Education institutions, innovators and employers.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$1.5M 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

FY2023 · 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
7 of 7
filings with a surplus
Average surplus $3.1M a year · 28% of revenue · last 7 filings
Looks good: a surplus in 7 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.5M
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
10 mo
of spending, in cash
Looks good: 10.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $11.1M
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$186K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 7 voting members
Looks good: 5 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$15.8M
+52% vs prior year
Spent
$11.3M
To programs
90%
Net assets
$12.8M
By yearFY2019–FY2025
Revenue
$15.8M
FY2023▲ +52%
Tap a bar for its year
Revenue by fiscal year
FY2019$2.2M
FY2020$5.0M
FY2021$7.6M
FY2022$10.4M
FY2023$15.8M
FY2024$17.6M
FY2025$20.6M
Expenses
$11.3M
FY2023▲ +46%
Tap a bar for its year
Expenses by fiscal year
FY2019$2.2M
FY2020$2.9M
FY2021$5.6M
FY2022$7.8M
FY2023$11.3M
FY2024$14.4M
FY2025$13.2M
Net assets
$12.8M
FY2023▲ +55%
Tap a bar for its year
Net assets by fiscal year
FY2019$1.5M
FY2020$3.6M
FY2021$5.6M
FY2022$8.3M
FY2023$12.8M
FY2024$16.0M
FY2025$23.4M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 Mar 2015.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $10.2M Management & general 8% · $851K Fundraising 2% · $259K

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

14 people listed on the 990; $1.5M paid to officers and key staff.

Part VII, Section A · reportable compensation
President and CEO
$368,469Pt VII · Sec A
Chief Growth Officer
$251,158Pt VII · Sec A
SR. VP, Design and Innovation
$183,381Pt VII · Sec A
SR. VP, Digital Transformat
$181,231Pt VII · Sec A
SR. VP, College Transformation
$167,775Pt VII · Sec A
Vice President, People and Culture
$146,470Pt VII · Sec A
Head of Design Practice
$144,638Pt VII · Sec A
Board Chair
$12,351Pt VII · Sec A

William Hughes’s $366K as CEO Until January is at the 76th 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
William Hughes$365,819$385,477$368,469$306,054$54,230—
Lisa Larson Interim CEO Until$310,464—————
Laurence Roth$271,934$271,794$251,158$226,884$208,856$211,769
Lisa Larson—$220,619$167,775$134,374——
Naomi Boyer$216,307$216,098$181,231$171,148$130,218—
Donald Fraser$208,939$213,641————
Kevin Stump$203,960$178,080——$158,750—
Donald E Fraser——$183,381$178,931$160,000—

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 15aNo

Programs and updates

Helps colleges adapt to economic changes by connecting them with innovators and employers.

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Provided by the organization

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1 program · $10.2M · in their own filed words · FY2023
01

The organization proactively identifies gaps in the education-to-work ecosystem that require next generation solutions. The organization puts together partners, funders and institutions to tackle the path from problem definition through solution finding to adoption and evaluation.

$10.2Mprogram 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 · FY2024
See all 10 funders →
Grants paid · 108 grants · $4.1M · 2023–2025
See all 108 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$15.8M
Ln 12
Gifts and grantsLn 1h$15.1M
Fees for servicesLn 2g$484K
Investment incomeLn 3$156K
Money outPt IX
$11.3M
Ln 25
Programscol B$10.2M
Managementcol C$851K
Fundraisingcol D$259K
Owns and owesPt X
$12.8M
net assets · Ln 32
Cash and savingsLn 1–2$9.9M
Total assetsLn 16$12.9M
LiabilitiesLn 26$186K
PeoplePt VI, VII
14
listed · VII A
PaidVII A8
Voting boardVI 1a7
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$15.1M
Fees for servicesLn 2g$484K
Investment incomeLn 3$156K
Other incomeLn 4–11$123K
Total revenueLn 12$15.8M
Assets in detailPt X, end of year
CashLn 1$708K
SavingsLn 2$9.2M
Cash and savings togetherLn 1–2$9.9M
Other assetsLn 15$6K
Total assetsLn 16$12.9M
LiabilitiesLn 26$186K
Net assetsLn 32$12.8M
OperationsPt I, VI
EmployeesI 567
VolunteersI 610
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 FY23End FY23
Cash and savingsLn 1–2$7.4M$9.9M
Total assetsLn 16$8.4M$12.9M
LiabilitiesLn 26$157K$186K
Net assetsLn 32$8.3M$12.8M
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$718K$672K$25K$21K
Other salaries and wagesLn 7$5.0M$4.7M$178K$145K
Pension plan contributionsLn 8$127K$119K$4K$3K
Other employee benefitsLn 9$414K$390K$13K$11K
Payroll taxesLn 10$430K$400K$17K$13K
Legal feesLn 11b$48K$37K$11K
Accounting feesLn 11c$210K$210K
Other fees for servicesLn 11g$1.5M$1.5M$8K
Advertising and promotionLn 12$209K$194K$9K$5K
Office expensesLn 13$440K$273K$151K$17K
OccupancyLn 16$71K$67K$2K$2K
TravelLn 17$126K$16K$83K$28K
Conferences, conventions and meetingsLn 19$505K$505K
InsuranceLn 23$22K$21K$504$429
Other expenses (24a–d)Ln 24$280K$127K$148K$5K
Total functional expensesLn 25$11.3M$10.2M$851K$259K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $20.6M$13.2M$7.4M$23.4M 990 PDF
FY2024 $17.6M$14.4M$3.2M$16.0M 990 PDF
FY2023 Viewing $15.8M$11.3M$4.5M$12.8M 990 PDF
FY2022 $10.4M$7.8M$2.7M$8.3M 990 PDF
FY2021 $7.6M$5.6M$2.0M$5.6M 990 PDF
FY2020 $5.0M$2.9M$2.1M$3.6M 990 PDF
FY2019 $2.2M$2.2M$37K$1.5M 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 FY2023 990 (6 parts)
Part I · Summary $15,842,213 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,470,721$15,079,235
I-9 Program service revenuePrior year $1,963,669$484,342
I-10 Investment incomePrior year $12,102$155,572
I-11 Other revenuePrior year $0$123,064
I-12 Total revenuePrior year $10,446,492$15,842,213
I-13 Grants and similar amounts paidPrior year $0$1,250,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,855,499$6,686,508
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,922,340$3,396,812
I-18 Total expensesPrior year $7,777,839$11,333,320
I-19 Revenue less expensesPrior year $2,668,653$4,508,893
Part VI · Governance 5 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $15,842,213 across 6 lines filed
VIII-1f All other contributions, gifts and grants$15,079,235
VIII-1h Total contributions, gifts and grants$15,079,235
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $484,342$484,342
VIII-3 Investment incomeExcluded from tax $155,572$155,572
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $123,064$123,064
VIII-12 Total revenueRelated to mission $484,342 · Unrelated business $0 · Excluded from tax $278,636$15,842,213
Part IX · Statement of functional expenses $11,333,320 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $1,250,000$1,250,000
IX-5 Pay of current officers, directors and key staffPrograms $671,935 · Management $25,158 · Fundraising $20,641$717,734
IX-7 Other salaries and wagesPrograms $4,675,535 · Management $177,687 · Fundraising $145,102$4,998,324
IX-8 Pension plan contributionsPrograms $119,293 · Management $3,975 · Fundraising $3,390$126,658
IX-9 Other employee benefitsPrograms $389,561 · Management $12,982 · Fundraising $11,069$413,612
IX-10 Payroll taxesPrograms $400,302 · Management $16,862 · Fundraising $13,016$430,180
IX-11b Legal feesPrograms $37,051 · Management $10,574$47,625
IX-11c Accounting feesManagement $209,736$209,736
IX-11g Other fees for servicesPrograms $1,477,807 · Fundraising $7,751$1,485,558
IX-12 Advertising and promotionPrograms $194,301 · Management $9,493 · Fundraising $5,315$209,109
IX-13 Office expensesPrograms $272,711 · Management $150,820 · Fundraising $16,650$440,181
IX-16 OccupancyPrograms $66,517 · Management $2,482 · Fundraising $2,102$71,101
IX-17 TravelPrograms $15,596 · Management $82,724 · Fundraising $28,033$126,353
IX-19 Conferences, conventions and meetingsPrograms $504,905$504,905
IX-23 InsurancePrograms $21,374 · Management $504 · Fundraising $429$22,307
IX-24 Other expenses (24a–d)Programs $127,150 · Management $147,709 · Fundraising $5,078$279,937
IX-25 Total functional expensesPrograms $10,224,038 · Management $850,706 · Fundraising $258,576$11,333,320
Part X · Balance sheet $12,947,382 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $1,425,937$708,467
X-2 Savings and temporary cash investmentsStart of year $6,020,911$9,221,554
X-3 Pledges and grants receivableStart of year $954,524$3,011,561
X-15 Other assetsStart of year $5,800$5,800
X-16 Total assetsStart of year $8,409,410$12,947,382
X-17 Accounts payable and accrued expensesStart of year $156,642$185,721
X-26 Total liabilitiesStart of year $156,642$185,721
X-27 Net assets without donor restrictionsStart of year $2,466,151$2,160,606
X-28 Net assets with donor restrictionsStart of year $5,786,617$10,601,055
X-32 Total net assets or fund balancesStart of year $8,252,768$12,761,661
X-33 Total liabilities and net assetsStart of year $8,409,410$12,947,382
Part XI · Reconciliation of net assets $12,761,661 net assets at year end
XI-1 Total revenue$15,842,213
XI-2 Total expenses$11,333,320
XI-3 Revenue less expenses$4,508,893
XI-4 Net assets at start of year$8,252,768
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$12,761,661

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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