Improving Education INC EIN 47-3271696 Form 990 (PDF) Claim this org

Improving Education INC FY2020 filing

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Improves early literacy by training teachers and providing learning materials to low-income families. For fiscal year 2020 it reported $1.1M in revenue, $725K in expenses, and $643K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Baltimore, MD
Website
www.improvingeducation.org
Filings
5 on file (2020–2020)
Revenue
$1.1MFY2020
Expenses
$725K
Net assets
$643K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-3271696 Public charity (501(c)(3)) Baltimore, MD
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 9/3/26 · see original: 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 · Chief Executive Officer · $107K
Money in and out
$1.1M revenue, $725K expenses
Bottom line
89% program efficiency
Where the money goes · FY2020
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$725K
Pt IX · Ln 25
Net assets
$643K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $415K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.09 Fundraising $0.02
Program efficiency
89%
of spending reaches programs
Operating runway
7.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+36%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$1.1M
FY2020
Expenses
$725K
FY2020
Total assets
$944K
FY2020
Total liabilities
$301K
FY2020
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$725K
Pt IX · Ln 25
Net assets
$643K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$415K
Total assetsPt X · Ln 16$944K
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $647K of program spending, described in the organization's own filed words · FY2020.
01

Networked Improvement Community

We support schools to improve outcomes by redesigning systems of instruction assessment and teacher development. In 2020 we engaged 11 schools to support improvements in early literacy and collaborated with Baltimore City Public Schools to support teachers and district staff with training instructional design and measurement for learning.

$375Kprogram expense
02

Bedtime in a Box

Through our Bedtime in a Box program we provide books 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. During 2020 we distributed over 3,500 Bedtime Boxes to underserved families across the country.

$142Kprogram expense
03

Ifellowship & Learning in a Box

In January 2020 we launched a year-long professional development program for ten Preschool - 2nd Grade teachers and collaborated with them in designing and leading change efforts for improvement in student outcomes.

$129Kprogram 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 1a6
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Executive Officer
$107,035Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President Board Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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$757K · 66%
Program service revenue$231K · 20%
Other revenue$152K · 13%
Contributions & grants66%$757K
Program service revenue20%$231K
Other revenue13%$152K
— government grantsLn 1e$50K
Total revenueLn 12$1.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.09 Fundraising $0.02
Program services89%$647K
Management & general9%$64K
Fundraising2%$13K
Total functional expensesLn 25$725K

Balance Sheet

Part X · end of year
CashLn 1$433K
Total assetsLn 16$944K
Total liabilitiesLn 26$301K
Total net assetsLn 32$643K
Months of cash on handcomputed7.2

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $433K · Operating expenses/yr $725K
7.2 months
Where the money goes
Program services
Program services $647K · Total expenses $725K
89%
Management & General
Management & general $64K · Total expenses $725K
9%
Fundraising
Fundraising $13K · Total expenses $725K
2%
Cost to raise $1
Fundraising expense $13K · Solicited contributions $707K
$0.02 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $757K · Total revenue $1.1M
66%
Government reliance
Government grants $50K · Total revenue $1.1M
4%
Earned-income share
Program service revenue $231K · Total revenue $1.1M
20%
Investment reliance
Investment income $0 · Total revenue $1.1M
0%
Program self-sufficiency
Program service revenue $231K · Total expenses $725K
32%
Growth & trend
Revenue growth (YoY)
This year $1.1M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $643K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.1M · Expenses $725K
+36%
Liabilities-to-Assets
Total liabilities — · Total assets $944K
Net-asset ratio
Net assets $643K · Total assets $944K
68%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $944K
0%
People & payroll
Highest Reported Total Compensation
Individual Jarrod Bolte · Reported title Chief Executive Officer · Highest reported compensation $107K · Total expenses $725K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $462K · Total expenses $725K
64%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 9%
Fundraising cost ratio 2%
Investment management fee ratio 0%
Legal fee ratio 0.01%
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 · ⤓ 990 PDF
FY2023$2.1M revenue · ⤓ 990 PDF
FY2022$1.1M revenue · ⤓ 990 PDF
FY2021$1.2M revenue · ⤓ 990 PDF
FY2020$1.1M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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