Improving Education INC EIN 47-3271696

Improving Education INC

EIN  47-3271696 Public charity (501(c)(3)) Baltimore, MD
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 9/3/26 · see original filing: IRS
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Size
$1–10M
What they do
Improves early literacy by training teachers and providing learning materials to low-income families.
Leadership
Jarrod Bolte · CEO · $167K
Money in and out
$2.3M revenue, $2.5M expenses
Bottom line
92% program efficiency

Improves early literacy by training teachers and providing learning materials to low-income families. For fiscal year 2024 it reported $2.3M in revenue, $2.5M in expenses, and $1.2M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$2.3M
Pt VIII · Ln 12
Total expenses
$2.5M
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$272K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.07 Fundraising $0.01
Program efficiency
92%
of spending reaches programs▲ +9% vs prior filing year
Operating runway
1.2mo
months of highly liquid reserves at operating expense rate▼ -77% vs prior filing year
Surplus margin
-12%
revenue over expenses, this year▼ -155% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$2.3M
FY2024▲ +8%
Expenses
$2.5M
FY2024▲ +55%
Total assets
$1.9M
FY2024▼ -27%
Total liabilities
$629K
FY2024▼ -40%
Total revenue
$2.3M
Pt VIII · Ln 12
Total expenses
$2.5M
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$272K
Total assetsPt X · Ln 16$1.9M
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

3 program services account for $2.3M of program spending, described in the organization's own filed words · FY2024.
01

Bedtime in a Box & Learning in a Box. Through our Bedtime in a Box program we provide books healthcare items and bedtime materials to low-income families with children ages 0-5 to help them establish nightly bedtime routines supporting health early education and parent-child bonding.

$1.2Mprogram expense
02

Educational Consulting and Support. Through our Educational Consulting and Support program we engage with other local and national non-profit organizations and school districts to advance the outcomes of students.

$579Kprogram expense
03

All Children Ready. All Children Ready is an initiative focused on significantly increasing literacy and math achievement in Head Start Pre-Kindergarten and Kindergarten children in Baltimore City while developing scalable practices that can be used at locations across the city state and nation to improve Kindergarten Readiness outcomes.

$547Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CImproving Education INC
EINHdr · item D47-3271696
Principal addressHdr · item CBaltimore, MD
WebsiteHdr · item Jwww.improvingeducation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFOct 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b4
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
$167,258Pt VII · Sec A
Executive Director Improvement Colab
$163,251Pt VII · Sec A
Director of Research- Improvement Colab
$139,662Pt VII · Sec A
Program Director
$104,808Pt VII · Sec A
President and Board Chair
$0Pt VII · Sec A
Treasurer - Board Member
$0Pt VII · Sec A
Secretary - Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Jarrod Bolte’s $167K as CEO is at the 73rd percentile of top reported officer pay among 3393 $1–10M 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jarrod Bolte$167,258$166,980$153,830$124,289$107,035
Marc Stein$163,251
Nathaniel Dewey$139,662
Wendy Bolte$104,808

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
Contributions & grants$2.2M · 97%
Program service revenue$59K · 3%
Contributions & grants97%$2.2M
Program service revenue3%$59K
Other revenue$1K
— government grantsLn 1e$898K
Total revenueLn 12$2.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.07 Fundraising $0.01
Program services92%$2.3M
Management & general7%$182K
Fundraising1%$27K
Total functional expensesLn 25$2.5M

Balance Sheet

Part X · end of year
CashLn 1$245K
Total assetsLn 16$1.9M
Total liabilitiesLn 26$629K
Total net assetsLn 32$1.2M
Months of cash on handcomputed1.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $245K · Operating expenses (Pt IX) $2.5M · Less non-cash grants $21K · Cash operating expenses/yr $2.5M
1.2 months
Where the money goes
Program services
Program services $2.3M · Total expenses $2.5M
92%
Management & General
Management & general $182K · Total expenses $2.5M
7%
Fundraising
Fundraising $27K · Total expenses $2.5M
1%
Cost to raise $1
Fundraising expense (3-yr avg) $52K · Solicited contributions (3-yr avg) $885K
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $2.2M · Total revenue $2.3M
97%
Government reliance
Government grants $898K · Total revenue $2.3M
40%
Earned-income share
Program service revenue $59K · Total revenue $2.3M
3%
Investment reliance
Investment income $0 · Total revenue $2.3M
0%
Program self-sufficiency
Program service revenue $59K · Total expenses $2.5M
2%
Growth & trend
Revenue growth (YoY)
This year $2.3M · Prior year $2.1M
+8%
Revenue CAGR
FY2020 $1.1M · FY2024 $2.3M
+19%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.3M · Expenses $2.5M
-12%
Liabilities-to-Assets
Total liabilities — · Total assets $1.9M
Net-asset ratio
Net assets $1.2M · Total assets $1.9M
66%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.9M
0%
People & payroll
Highest Reported Total Compensation
Individual Jarrod Bolte · Reported title CEO · Highest reported compensation $167K · Total expenses $2.5M
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.3M · Total expenses $2.5M
53%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 7%
Fundraising cost ratio 1%
Revenue growth 8%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising 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
See all 12 funders →
Grants paid · 9 grants · $105K · 2020–2024
Unitemized GrantFY2024$5,000
Unitemized GrantFY2024$750
Unitemized GrantFY2023$15,600
Unitemized GrantFY2023$150
Unitemized GrantFY2022$14,000
Unitemized GrantFY2022$6,930
Unitemized GrantFY2021$9,000
Unitemized GrantFY2020$50,000
Unitemized GrantFY2020$3,395

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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)$2.3M revenue · viewing · ⤓ 990 PDF
FY2023$2.1M revenue · ⤓ 990 PDF
FY2022$1.1M revenue · ⤓ 990 PDF
FY2021$1.2M revenue · ⤓ 990 PDF
FY2020$1.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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