Education Design Lab FY2024 filing

Tax-deductible

Washington, DC501(c)(3)Since 2013EducationEIN 46-4248042Revenue $17.6M in FY2024

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)

This page gets seen. Tell your story. Claim this org.

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.
93¢ of each $1 spent went to programs.
$1.7M 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
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
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.7M
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 12.9 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
$399K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 9 voting members
Looks good: 7 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$17.6M
+11% vs prior year
Spent
$14.4M
To programs
93%
Net assets
$16.0M
By yearFY2019–FY2025
Revenue
$17.6M
FY2024▲ +11%
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
$14.4M
FY2024▲ +27%
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
$16.0M
FY2024▲ +25%
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 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 Mar 2015.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $13.4M Management & general 6% · $853K Fundraising 1% · $143K

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

15 people listed on the 990; $1.7M paid to officers and key staff.

Part VII, Section A · reportable compensation
President and CEO
$385,477Pt VII · Sec A
Chief Growth Officer
$271,794Pt VII · Sec A
SR. VP., College Transformation
$220,619Pt VII · Sec A
SR. VP., Digital Transformation
$216,098Pt VII · Sec A
SR. VP., Design and Innovation
$213,641Pt VII · Sec A
VP. of Impact
$178,080Pt VII · Sec A
VP. of Product
$174,733Pt VII · Sec A
Board Chair
$7,530Pt 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.

See Education Design Lab executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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.

Questions for Education Design Lab

Tap to ask. Education Design Lab sees how many people are interested.

Your first name shows with your question. Education Design Lab answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $13.4M · in their own filed words · FY2024
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.

$13.4Mprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$17.6M
Ln 12
Gifts and grantsLn 1h$15.9M
Fees for servicesLn 2g$933K
Investment incomeLn 3$729K
Money outPt IX
$14.4M
Ln 25
Programscol B$13.4M
Managementcol C$853K
Fundraisingcol D$143K
Owns and owesPt X
$16.0M
net assets · Ln 32
Cash and savingsLn 1–2$15.5M
Total assetsLn 16$16.4M
LiabilitiesLn 26$399K
PeoplePt VI, VII
15
listed · VII A
PaidVII A8
Voting boardVI 1a9
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$15.9M
Fees for servicesLn 2g$933K
Investment incomeLn 3$729K
Other incomeLn 4–11$2K
Total revenueLn 12$17.6M
Assets in detailPt X, end of year
CashLn 1$745K
SavingsLn 2$14.7M
Cash and savings togetherLn 1–2$15.5M
Other assetsLn 15$6K
Total assetsLn 16$16.4M
LiabilitiesLn 26$399K
Net assetsLn 32$16.0M
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 FY24End FY24
Cash and savingsLn 1–2$9.9M$15.5M
Total assetsLn 16$12.9M$16.4M
LiabilitiesLn 26$186K$399K
Net assetsLn 32$12.8M$16.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.4M$1.4M
Grants to domestic individualsLn 2$8K$8K
Pay of current officers, directors and key staffLn 5$739K$718K$16K$5K
Other salaries and wagesLn 7$6.8M$6.6M$140K$50K
Pension plan contributionsLn 8$180K$174K$5K$1K
Other employee benefitsLn 9$757K$731K$21K$6K
Payroll taxesLn 10$563K$547K$12K$4K
Legal feesLn 11b$43K$40K$3K
Accounting feesLn 11c$221K$221K
Other fees for servicesLn 11g$1.7M$1.6M$28K$14K
Advertising and promotionLn 12$192K$185K$5K$1K
Office expensesLn 13$475K$300K$173K$3K
OccupancyLn 16$70K$68K$1K$504
TravelLn 17$179K$14K$126K$40K
Conferences, conventions and meetingsLn 19$624K$624K
InsuranceLn 23$25K$25K$437$157
Other expenses (24a–d)Ln 24$403K$284K$102K$17K
Total functional expensesLn 25$14.4M$13.4M$853K$143K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $20.6M$13.2M$7.4M$23.4M 990 PDF
FY2024 Viewing $17.6M$14.4M$3.2M$16.0M 990 PDF
FY2023 $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

Want to add your own materials alongside these filings? 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 $17,580,511 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $15,079,235$15,916,911
I-9 Program service revenuePrior year $484,342$933,248
I-10 Investment incomePrior year $155,572$728,757
I-11 Other revenuePrior year $123,064$1,595
I-12 Total revenuePrior year $15,842,213$17,580,511
I-13 Grants and similar amounts paidPrior year $1,250,000$1,405,100
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $6,686,508$9,053,753
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,396,812$3,916,448
I-18 Total expensesPrior year $11,333,320$14,375,301
I-19 Revenue less expensesPrior year $4,508,893$3,205,210
Part VI · Governance 7 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members7
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 $17,580,511 across 6 lines filed
VIII-1f All other contributions, gifts and grants$15,916,911
VIII-1h Total contributions, gifts and grants$15,916,911
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $933,248$933,248
VIII-3 Investment incomeExcluded from tax $728,757$728,757
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,595$1,595
VIII-12 Total revenueRelated to mission $933,248 · Unrelated business $0 · Excluded from tax $730,352$17,580,511
Part IX · Statement of functional expenses $14,375,301 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $1,397,600$1,397,600
IX-2 Grants to domestic individualsPrograms $7,500$7,500
IX-5 Pay of current officers, directors and key staffPrograms $718,244 · Management $15,706 · Fundraising $5,431$739,381
IX-7 Other salaries and wagesPrograms $6,624,208 · Management $140,241 · Fundraising $49,964$6,814,413
IX-8 Pension plan contributionsPrograms $173,567 · Management $4,880 · Fundraising $1,344$179,791
IX-9 Other employee benefitsPrograms $730,817 · Management $20,543 · Fundraising $5,661$757,021
IX-10 Payroll taxesPrograms $546,826 · Management $12,185 · Fundraising $4,136$563,147
IX-11b Legal feesPrograms $39,983 · Management $3,122$43,105
IX-11c Accounting feesManagement $221,044$221,044
IX-11g Other fees for servicesPrograms $1,641,784 · Management $27,633 · Fundraising $14,328$1,683,745
IX-12 Advertising and promotionPrograms $185,267 · Management $4,995 · Fundraising $1,357$191,619
IX-13 Office expensesPrograms $299,510 · Management $173,038 · Fundraising $2,561$475,109
IX-16 OccupancyPrograms $67,880 · Management $1,441 · Fundraising $504$69,825
IX-17 TravelPrograms $13,604 · Management $125,676 · Fundraising $40,151$179,431
IX-19 Conferences, conventions and meetingsPrograms $624,014$624,014
IX-23 InsurancePrograms $24,703 · Management $437 · Fundraising $157$25,297
IX-24 Other expenses (24a–d)Programs $284,185 · Management $101,928 · Fundraising $17,146$403,259
IX-25 Total functional expensesPrograms $13,379,692 · Management $852,869 · Fundraising $142,740$14,375,301
Part X · Balance sheet $16,366,066 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $708,467$744,869
X-2 Savings and temporary cash investmentsStart of year $9,221,554$14,737,252
X-3 Pledges and grants receivableStart of year $3,011,561$650,103
X-4 Accounts receivable$228,042
X-15 Other assetsStart of year $5,800$5,800
X-16 Total assetsStart of year $12,947,382$16,366,066
X-17 Accounts payable and accrued expensesStart of year $185,721$198,595
X-19 Deferred revenue$200,000
X-26 Total liabilitiesStart of year $185,721$398,595
X-27 Net assets without donor restrictionsStart of year $2,160,606$8,162,676
X-28 Net assets with donor restrictionsStart of year $10,601,055$7,804,795
X-32 Total net assets or fund balancesStart of year $12,761,661$15,967,471
X-33 Total liabilities and net assetsStart of year $12,947,382$16,366,066
Part XI · Reconciliation of net assets $15,967,471 net assets at year end
XI-1 Total revenue$17,580,511
XI-2 Total expenses$14,375,301
XI-3 Revenue less expenses$3,205,210
XI-4 Net assets at start of year$12,761,661
XI-8 Prior period adjustments$600
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$15,967,471

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.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

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.