Education Matters: Nonprofit Profile, Financials & Form 990 (EIN 47-1593822)

Revenue by fiscal year
FY2020	$2.5M
FY2021	$59K

Expenses by fiscal year
FY2020	$2.4M
FY2021	$48K

Net assets by fiscal year
FY2020	$44.3M
FY2021	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2021.

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

Where the money goes

8 cents of each dollar spent went to programs.

92%

Program services 8% · $4K Management & general 92% · $44K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation

Stephen W Chamberlin

President

$0Pt VII · Sec A

Susan C Chamberlin

Secretary / Treasurer

$0Pt VII · Sec A

Ronald C Nahas

Director

$0Pt VII · Sec A

Barbara Young

Director

$0Pt VII · Sec A

Christine Castillo

Chief Operating Officer

$0Pt VII · Sec A

See Education Matters executive salaries →

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 15aNo

Programs and updates

Empowers communities to demand better leadership and educational opportunities for children.

Questions for Education Matters

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1 program · $4K · in their own filed words · FY2021

01

Facilitated and provided real estate support services to public schools operating under charter from state or local government authorities.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-1593822) · Dispute this line

$4Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$59K

Ln 12

Gifts and grantsLn 1h$59K

Money outPt IX

$48K

Ln 25

Programscol B$4K

Managementcol C$44K

Owns and owesPt X

$0

net assets · Ln 32

Total assetsLn 16$0

LiabilitiesLn 26$0

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$59K

Total revenueLn 12$59K

Assets in detailPt X, end of year

Total assetsLn 16$0

LiabilitiesLn 26$0

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$2.9M	$0
InvestmentsLn 11–13		$0
Land, buildings, equipmentLn 10c	$40.2M	$0
Total assetsLn 16	$44.4M	$0
LiabilitiesLn 26	$171K	$0
Net assetsLn 32	$44.3M	$0

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Legal feesLn 11b	$14K		$14K
Accounting feesLn 11c	$30K		$30K
Information technologyLn 14	$463		$463
Other expenses (24a–d)Ln 24	$4K	$4K
Total functional expensesLn 25	$48K	$4K	$44K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2021 Latest ViewingFiled with the IRS Nov 15, 2022	$59K	$48K	$11K	$0	990 PDF
FY2020Filed with the IRS Nov 15, 2021	$2.5M	$2.4M	$74K	$44.3M	990 PDF

Schedules filed Part IV

I · Grants O · Explanations

See the full FY2021 990

Part I · Summary $59,369 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $350,311$59,369

I-9 Program service revenuePrior year $2,152,243$0

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $3,288$0

I-12 Total revenuePrior year $2,505,842$59,369

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $2,431,359$48,460

I-18 Total expensesPrior year $2,431,359$48,460

I-19 Revenue less expensesPrior year $74,483$10,909

Part VI · Governance 2 of 4 board members independent, 4 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members2

VI-2 Family or business relationship among officers or directorsYes

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $59,369 across 3 lines filed

VIII-1f All other contributions, gifts and grants$59,369

VIII-1h Total contributions, gifts and grants$59,369

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$59,369

Part IX · Statement of functional expenses $48,460 across 4 lines filed

IX-11b Legal feesManagement $13,929$13,929

IX-11c Accounting feesManagement $30,000$30,000

IX-14 Information technologyManagement $463$463

IX-24 Other expenses (24a–d)Programs $4,068$4,068

IX-25 Total functional expensesPrograms $4,068 · Management $44,392 · Fundraising $0$48,460

Part X · Balance sheet $0 assets, 24 lines filed

X-1 Cash, non-interest-bearingStart of year $2,893,847$0

X-2 Savings and temporary cash investments$0

X-3 Pledges and grants receivable$0

X-4 Accounts receivable$0

X-5 Loans to officers and key people$0

X-6 Loans to other insiders$0

X-7 Notes and loans receivable$0

X-8 Inventories for sale or use$0

X-9 Prepaid expenses and deferred chargesStart of year $152,839$0

X-10c Land, buildings and equipment, netStart of year $40,241,826$0

X-11 Publicly traded securities$0

X-12 Other securities$0

X-13 Program-related investments$0

X-14 Intangible assets$0

X-15 Other assetsStart of year $1,146,448$0

X-16 Total assetsStart of year $44,434,960$0

X-17 Accounts payable and accrued expensesStart of year $54,147$0

X-19 Deferred revenueStart of year $116,500$0

X-26 Total liabilitiesStart of year $170,647$0

X-29 Capital stock or trust principalStart of year $682,462$0

X-30 Paid-in or capital surplusStart of year $0$0

X-31 Retained earnings or endowmentStart of year $43,581,851$0

X-32 Total net assets or fund balancesStart of year $44,264,313$0

X-33 Total liabilities and net assetsStart of year $44,434,960$0

Part XI · Reconciliation of net assets $0 net assets at year end

XI-1 Total revenue$59,369

XI-2 Total expenses$48,460

XI-3 Revenue less expenses$10,909

XI-4 Net assets at start of year$44,264,313

XI-9 Other changes in net assets−$44,275,222

XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Education Matters

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Education Matters

By the numbers

Filing history

Schedules filed Part IV