Education Trust INC

Tax-deductible

Washington, DC501(c)(3)Since 1996EducationEIN 52-1982223Revenue $33.2M in FY2025

On file with the IRSedtrust.org1501 K St Nw Ste 200, 20005-1422 · Washington, DCTax-exempt since Apr 1997Publicly supported charity — 170(b)(1)(A)(vi)

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To promote high academic achievement for all students at all levels: pre-k through college.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Run by 11 volunteers and 158 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
5 of 6
filings with a surplus
Average surplus $5.6M a year · 17% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.4M
to officers and key staff · 11% of spending
Top officer’s pay higher than 87% of similar orgs
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $125K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$15.5M
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$33.2M
+9% vs prior year
Spent
$32.2M
To programs
94%
Net assets
$61.7M
By yearFY2020–FY2025
Revenue
$33.2M
FY2025▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$26.7M
FY2021$51.1M
FY2022$28.6M
FY2023$33.1M
FY2024$30.4M
FY2025$33.2M
Expenses
$32.2M
FY2025▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$25.2M
FY2021$24.2M
FY2022$26.2M
FY2023$30.9M
FY2024$30.6M
FY2025$32.2M
Net assets
$61.7M
FY2025▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$25.7M
FY2021$52.5M
FY2022$52.8M
FY2023$57.5M
FY2024$59.3M
FY2025$61.7M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1997.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $30.1M Management & general 4% · $1.3M Fundraising 2% · $770K

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

25 people listed on the 990; $3.4M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President & CEO
$485,763Pt VII · Sec A
Senior Vice President
$305,077Pt VII · Sec A
Executive Director, Etw
$253,704Pt VII · Sec A
VP for Partnerships and Engagement
$222,300Pt VII · Sec A
Chief Financial Officer
$221,409Pt VII · Sec A
Executive Director, Etm
$215,760Pt VII · Sec A
Chief of Staff
$212,004Pt VII · Sec A
Chief Development Officer
$211,623Pt VII · Sec A

Denise Forte’s $486K as President & CEO is at the 87th 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
John B King—————$521,593
John B King JR———$347,649$500,130—
Denise Forte$485,763$471,915$380,619$329,331$280,394$214,544
Wil Del Pilar$305,077—————
Wilfredo Del Pilar—$292,282$293,855$282,619$269,013$261,193
Cathy Daniels———$147,981$271,215$265,740
Christopher Nellum$253,704$222,630$219,545$196,682$164,241$154,216
Dia Bryant—$240,587$224,898$202,428——

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 Trust INC executive salaries →

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Advocates for educational justice and high academic achievement for all students, particularly low-income students and students of color, from pre-K through college.

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3 programs · $30.1M · in their own filed words · FY2024
01

Edtrust Has 4 State Offices

EdTrust-Midwest, EdTrust-New York, EdTrust-West, and EdTrust-Tennessee. The state offices advocate for educational justice and the high academic achievement of all students, pre-k through college, particularly students of color and students from low-income backgrounds, in their respective states.

$16.2Mprogram expense
02

The Partnerships and Engagement and Communications Teams engage policymakers and diverse coalitions of advocates in demanding and securing equity-advancing policy change at the national and state levels, publish research and analyses, and provide creative visual and digital voice through editorial and digital communications.

$8.0Mprogram expense
03

The P-12 Policy, Practice, and Research and Higher Education Policy and Research Teams work alongside educators, advocates, and policymakers to identify causes of the achievement gap and to promote the practices and policies for P-12 education, and work to ensure that students of color and students from low-income backgrounds have…

$5.9Mprogram 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 · FY2025
Total grants receivedfrom 2 funders$125K
Grants paid · 319 grants · $11.7M · 2019–2024
Education CounselFY2024$121,834
San Joaquin County Office of EducationFY2024$80,000
UnidosusDC · FY2024$77,500
National Urban League INCNY · FY2024$77,500
National Parents UnionFY2024$77,500
All4edDC · FY2024$77,500
Schoolhouse ConnectionDC · FY2024$75,000
Migration Policy InstituteDC · FY2024$75,000
Educators for Excellence INCNY · FY2024$75,000
Center for American ProgressDC · FY2024$75,000
The Village Method INCCA · FY2024$70,000
Sacramento Area Congregations TogetherFY2024$70,000
See all 319 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$33.2M
Ln 12
Gifts and grantsLn 1h$30.4M
Investment incomeLn 3$2.2M
Fees for servicesLn 2g$548K
Money outPt IX
$32.2M
Ln 25
Programscol B$30.1M
Managementcol C$1.3M
Fundraisingcol D$770K
Owns and owesPt X
$61.7M
net assets · Ln 32
Cash and savingsLn 1–2$9.4M
Total assetsLn 16$77.1M
LiabilitiesLn 26$15.5M
PeoplePt VI, VII
25
listed · VII A
PaidVII A15
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$30.4M
Noncash giftsLn 1g$245K
Fees for servicesLn 2g$548K
Investment incomeLn 3$2.2M
Other incomeLn 4–11$104K
Gains on assetsLn 7$1.1M
Total revenueLn 12$33.2M
Assets in detailPt X, end of year
SavingsLn 2$9.4M
Cash and savings togetherLn 1–2$9.4M
InvestmentsLn 11–13$40.8M
Land, buildings, equipmentLn 10c$1.9M
Other assetsLn 15$8.8M
Total assetsLn 16$77.1M
LiabilitiesLn 26$15.5M
Net assetsLn 32$61.7M
OperationsPt I, VI
EmployeesI 5158
VolunteersI 611
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$11.5M$9.4M
InvestmentsLn 11–13$37.2M$40.8M
Land, buildings, equipmentLn 10c$2.1M$1.9M
Total assetsLn 16$75.3M$77.1M
LiabilitiesLn 26$16.0M$15.5M
Net assetsLn 32$59.3M$61.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.2M$2.2M
Pay of current officers, directors and key staffLn 5$2.8M$2.6M$49K$87K
Other salaries and wagesLn 7$14.3M$13.6M$254K$446K
Other employee benefitsLn 9$2.4M$2.3M$43K$75K
Payroll taxesLn 10$1.3M$1.2M$23K$40K
Legal feesLn 11b$25K$20K$5K$634
Accounting feesLn 11c$149K$117K$29K$4K
Investment management feesLn 11f$180K$180K
Other fees for servicesLn 11g$4.5M$4.2M$310K$48K
Advertising and promotionLn 12$4K$3K$749$98
Office expensesLn 13$291K$255K$30K$6K
Information technologyLn 14$192K$150K$37K$5K
OccupancyLn 16$1.5M$1.3M$151K$31K
TravelLn 17$853K$808K$40K$5K
Conferences, conventions and meetingsLn 19$800K$758K$37K$5K
InterestLn 20$1K$1K$182$38
Depreciation, depletion and amortizationLn 22$277K$234K$36K$7K
InsuranceLn 23$95K$74K$18K$2K
Other expenses (24a–d)Ln 24$327K$256K$63K$8K
All other expensesLn 24e$5K$4K$662$137
Total functional expensesLn 25$32.2M$30.1M$1.3M$770K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $33.2M$32.2M$1.0M$61.7M 990 PDF
FY2024 $30.4M$30.6M−$220K$59.3M 990 PDF
FY2023 $33.1M$30.9M$2.2M$57.5M 990 PDF
FY2022 $28.6M$26.2M$2.4M$52.8M 990 PDF
FY2021 $51.1M$24.2M$26.9M$52.5M 990 PDF
FY2020 $26.7M$25.2M$1.5M$25.7M 990 PDF

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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 FY2025 990 (6 parts)
Part I · Summary $33,239,997 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $28,146,289$30,410,234
I-9 Program service revenuePrior year $623,712$547,950
I-10 Investment incomePrior year $1,558,371$2,178,059
I-11 Other revenuePrior year $96,293$103,754
I-12 Total revenuePrior year $30,424,665$33,239,997
I-13 Grants and similar amounts paidPrior year $1,595,845$2,179,842
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $19,991,715$20,761,627
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $9,057,603$9,254,124
I-18 Total expensesPrior year $30,645,163$32,195,593
I-19 Revenue less expensesPrior year −$220,498$1,044,404
Part VI · Governance 9 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $33,239,997 across 9 lines filed
VIII-1f All other contributions, gifts and grants$30,410,234
VIII-1g Noncash contributions (included above)$245,445
VIII-1h Total contributions, gifts and grants$30,410,234
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $547,950$547,950
VIII-3 Investment incomeExcluded from tax $1,072,565$1,072,565
VIII-6 Net rental income or lossExcluded from tax $4,800$4,800
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,105,494$1,105,494
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $34,950 · Excluded from tax $64,004$98,954
VIII-12 Total revenueRelated to mission $582,900 · Unrelated business $0 · Excluded from tax $2,246,863$33,239,997
Part IX · Statement of functional expenses $32,195,593 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $2,179,842$2,179,842
IX-5 Pay of current officers, directors and key staffPrograms $2,649,603 · Management $49,498 · Fundraising $86,899$2,786,000
IX-7 Other salaries and wagesPrograms $13,596,257 · Management $253,994 · Fundraising $445,917$14,296,168
IX-9 Other employee benefitsPrograms $2,278,201 · Management $42,559 · Fundraising $74,718$2,395,478
IX-10 Payroll taxesPrograms $1,221,120 · Management $22,812 · Fundraising $40,049$1,283,981
IX-11b Legal feesPrograms $19,616 · Management $4,824 · Fundraising $634$25,074
IX-11c Accounting feesPrograms $116,724 · Management $28,705 · Fundraising $3,771$149,200
IX-11f Investment management feesManagement $180,091$180,091
IX-11g Other fees for servicesPrograms $4,190,393 · Management $309,517 · Fundraising $47,863$4,547,773
IX-12 Advertising and promotionPrograms $3,045 · Management $749 · Fundraising $98$3,892
IX-13 Office expensesPrograms $255,103 · Management $30,395 · Fundraising $5,508$291,006
IX-14 Information technologyPrograms $150,357 · Management $36,977 · Fundraising $4,857$192,191
IX-16 OccupancyPrograms $1,324,224 · Management $150,691 · Fundraising $31,116$1,506,031
IX-17 TravelPrograms $807,613 · Management $39,806 · Fundraising $5,310$852,729
IX-19 Conferences, conventions and meetingsPrograms $757,944 · Management $37,358 · Fundraising $4,983$800,285
IX-20 InterestPrograms $1,200 · Management $182 · Fundraising $38$1,420
IX-22 Depreciation, depletion and amortizationPrograms $234,242 · Management $35,571 · Fundraising $7,344$277,157
IX-23 InsurancePrograms $74,197 · Management $18,247 · Fundraising $2,397$94,841
IX-24 Other expenses (24a–d)Programs $256,038 · Management $62,965 · Fundraising $8,272$327,275
IX-24e All other expensesPrograms $4,360 · Management $662 · Fundraising $137$5,159
IX-25 Total functional expensesPrograms $30,120,079 · Management $1,305,603 · Fundraising $769,911$32,195,593
Part X · Balance sheet $77,134,809 assets, 16 lines filed
X-2 Savings and temporary cash investmentsStart of year $11,454,508$9,401,711
X-3 Pledges and grants receivableStart of year $14,697,567$15,593,502
X-4 Accounts receivableStart of year $229,842$243,073
X-9 Prepaid expenses and deferred chargesStart of year $720,326$464,866
X-10c Land, buildings and equipment, netStart of year $2,083,897$1,862,601
X-11 Publicly traded securitiesStart of year $37,197,274$40,817,218
X-15 Other assetsStart of year $8,904,471$8,751,838
X-16 Total assetsStart of year $75,287,885$77,134,809
X-17 Accounts payable and accrued expensesStart of year $2,777,362$2,754,582
X-19 Deferred revenueStart of year $433,271$419,255
X-25 Other liabilitiesStart of year $12,743,267$12,297,763
X-26 Total liabilitiesStart of year $15,953,900$15,471,600
X-27 Net assets without donor restrictionsStart of year $36,287,244$35,327,700
X-28 Net assets with donor restrictionsStart of year $23,046,741$26,335,509
X-32 Total net assets or fund balancesStart of year $59,333,985$61,663,209
X-33 Total liabilities and net assetsStart of year $75,287,885$77,134,809
Part XI · Reconciliation of net assets $61,663,209 net assets at year end
XI-1 Total revenue$33,239,997
XI-2 Total expenses$32,195,593
XI-3 Revenue less expenses$1,044,404
XI-4 Net assets at start of year$59,333,985
XI-5 Net unrealized gains (losses) on investments$1,284,820
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$61,663,209

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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