Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2015.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
51 cents of each dollar spent went to programs.
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
36 people listed on the 990; $13.3M paid to officers and key staff.
Stephen Moret’s $1.4M as CEO & President is at the 66th percentile of top reported officer pay among 44 $100M+ community development 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
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| William Hansen | — | $282,342 | $1,631,677 | $1,619,852 | $1,139,836 |
| Stephen Moret | $1,353,225 | $1,260,958 | $1,033,088 | — | — |
| Ruth Watkins | $1,000,590 | $920,701 | $701,129 | $375,039 | — |
| Larry Lutz | $673,733 | $647,756 | $811,517 | $493,198 | $544,107 |
| Thomas Dawson | $654,103 | $632,108 | $792,572 | $571,791 | $496,578 |
| Rhonda Powell | $668,094 | $551,337 | — | — | — |
| Michael Austin | $625,297 | $633,422 | $665,639 | $396,932 | $392,893 |
| Carol D'Amico | — | — | $146,730 | $593,307 | $469,184 |
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
Programs and updates
Funds and advocates for programs, policies, and research that connect postsecondary education to meaningful careers, especially for historically underserved learners.
Questions for Strada Education Foundation INC
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Catalytic Grantmaking
Through its grantmaking, strada education foundation, inc. ("strada") provides catalytic funding for nonprofit organizations, postsecondary education institutions, and workforce and skills-based educational providers that advance the organization's focus areas and charitable mission.
Policy and Advocacy Solutions
Strada engages directly with policymakers and other government leaders at state and federal levels to identify and advance nonpartisan, evidence-based policies designed to strengthen pathways to opportunity for all learners. In 2024, strada released its first-ever public policy agenda.
Actionable Research
Strada's actionable research seeks to provide the public and industry with insights into what learners need to realize their career goals and what employers need to build a robust talent pipeline.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $45.5M | $46.3M |
| InvestmentsLn 11–13 | $2.03B | $1.73B |
| Land, buildings, equipmentLn 10c | $2.3M | $6.1M |
| Total assetsLn 16 | $2.10B | $1.84B |
| LiabilitiesLn 26 | $56.1M | $76.9M |
| Net assetsLn 32 | $2.04B | $1.76B |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $27.7M | $27.7M | ||
| Pay of current officers, directors and key staffLn 5 | $11.9M | $2.7M | $9.2M | |
| Other salaries and wagesLn 7 | $63.2M | $29.2M | $30.9M | $3.1M |
| Pension plan contributionsLn 8 | $4.2M | $1.6M | $2.5M | $136K |
| Other employee benefitsLn 9 | $7.9M | $3.6M | $4.2M | $76K |
| Payroll taxesLn 10 | $5.5M | $3.3M | $1.9M | $256K |
| Legal feesLn 11b | $1.2M | $1.2M | ||
| Accounting feesLn 11c | $568K | $568K | ||
| Investment management feesLn 11f | $17.0M | $17.0M | ||
| Other fees for servicesLn 11g | $17.0M | $9.5M | $7.3M | $138K |
| Advertising and promotionLn 12 | $2.2M | $389K | $1.8M | $2K |
| Office expensesLn 13 | $892K | $564K | $318K | $10K |
| Information technologyLn 14 | $6.6M | $4.3M | $2.3M | $69K |
| OccupancyLn 16 | $2.8M | $1.6M | $1.1M | $28K |
| TravelLn 17 | $3.6M | $1.8M | $1.5M | $251K |
| Conferences, conventions and meetingsLn 19 | $2.1M | $1.2M | $761K | $111K |
| Depreciation, depletion and amortizationLn 22 | $4.8M | $3.7M | $1.0M | $83K |
| InsuranceLn 23 | $775K | $274 | $775K | |
| Other expenses (24a–d)Ln 24 | $671K | $114K | $557K | $340 |
| Total functional expensesLn 25 | $180.5M | $91.4M | $84.9M | $4.2M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $207.7M | $180.5M | $27.2M | $1.8B | 990 PDF |
| FY2023 | $91.3M | $101.1M | −$9.9M | $2.0B | 990 PDF |
| FY2022 | $89.6M | $101.6M | −$12.0M | $1.9B | 990 PDF |
| FY2021 | $291.5M | $80.1M | $211.4M | $2.0B | 990 PDF |
| FY2020 | $181.9M | $80.2M | $101.7M | $1.6B | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $207,660,821 revenue, 12 lines filed
Part VI · Governance 14 of 15 board members independent, 1 to look at
Part VIII · Statement of revenue $207,660,821 across 10 lines filed
Part IX · Statement of functional expenses $180,502,322 across 19 lines filed
Part X · Balance sheet $1,837,044,236 assets, 19 lines filed
Part XI · Reconciliation of net assets $1,760,142,329 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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