Catalyst Education INC EIN 82-2628337

Catalyst Education INC

EIN  82-2628337 Public charity (501(c)(3)) New Orleans, LA Founded 2017
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/23/26 · see original filing: IRS
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Size
$10–100M
What they do
Strengthens schools and education nonprofits using collective expertise to ensure equity and excellence for all children.
Leadership
Leona Christy · CEO · $236K
Money in and out
$21.1M revenue, $11.0M expenses
Bottom line
84% program efficiency

Strengthens schools and education nonprofits using collective expertise to ensure equity and excellence for all children. For fiscal year 2024 it reported $21.1M in revenue, $11.0M in expenses, and $15.5M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$21.1M
Pt VIII · Ln 12
Total expenses
$11.0M
Pt IX · Ln 25
Net assets
$15.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $10.0M
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.12 Fundraising $0.05
Program efficiency
84%
of spending reaches programs▲ +7% vs prior filing year
Operating runway
12.9mo
months of highly liquid reserves at operating expense rate▼ -24% vs prior filing year
Surplus margin
+48%
revenue over expenses, this year▲ +122% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$21.1M
FY2024▲ +311%
Expenses
$11.0M
FY2024▲ +174%
Total assets
$17.0M
FY2024▲ +164%
Total liabilities
$1.5M
FY2024▲ +53%
Total revenue
$21.1M
Pt VIII · Ln 12
Total expenses
$11.0M
Pt IX · Ln 25
Net assets
$15.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$10.0M
Total assetsPt X · Ln 16$17.0M
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $9.2M of program spending, described in the organization's own filed words · FY2024.
01

Over This Period, Catalyst

Ed helped 251 schools, school systems, and nonprofits connect with and leverage specialized technical assistance to build organizational capacity. Specific activities included: (1) conducting consultations with organization leaders to help them diagnose their challenges and identify specific high-leverage projects where they can benefit…

$9.2Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCatalyst Education INC
EINHdr · item D82-2628337
Principal addressHdr · item CNew Orleans, LA
WebsiteHdr · item Jwww.catalyst-ed.org
Year of formationHdr · item L2017
State of legal domicileHdr · item MLA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B02)
Ruling yearIRS BMFJun 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b7
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$235,910Pt VII · Sec A
$213,000Pt VII · Sec A
$205,087Pt VII · Sec A
$139,400Pt VII · Sec A
$135,975Pt VII · Sec A
$128,625Pt VII · Sec A
$124,425Pt VII · Sec A
$112,350Pt VII · Sec A

Leona Christy’s $236K as CEO is at the 49th percentile of top reported officer pay among 3682 $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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Leona Christy$235,910$235,936$211,248$195,052$176,322$168,825
Rachel Klein$213,000$192,241$177,946$168,843$167,438$160,000
Meladee Evans$205,087$177,592$141,585$132,087$121,023
Tremaine Johnson$140,237$127,158
Antonia White$139,400$125,328
Camille Warren$137,758$127,155
Rohini Thukral$135,975$133,181$114,753$124,960$119,167
Jeremy Tullis$128,625

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$20.6M · 98%
Program service revenue$156K · 1%
Investment income$296K · 1%
Contributions & grants98%$20.6M
Program service revenue1%$156K
Investment income1%$296K
Total revenueLn 12$21.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.12 Fundraising $0.05
Program services84%$9.2M
Management & general12%$1.3M
Fundraising5%$504K
Total functional expensesLn 25$11.0M

Balance Sheet

Part X · end of year
CashLn 1$11.9M
Total assetsLn 16$17.0M
Total liabilitiesLn 26$1.5M
Total net assetsLn 32$15.5M
Months of cash on handcomputed12.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $11.9M · Operating expenses/yr $11.0M
12.9 months
Where the money goes
Program services
Program services $9.2M · Total expenses $11.0M
84%
Management & General
Management & general $1.3M · Total expenses $11.0M
12%
Fundraising
Fundraising $504K · Total expenses $11.0M
5%
Cost to raise $1
Fundraising expense (3-yr avg) $280K · Solicited contributions (3-yr avg) $9.9M
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $20.6M · Total revenue $21.1M
98%
Government reliance
Government grants — · Total revenue $21.1M
Earned-income share
Program service revenue $156K · Total revenue $21.1M
1%
Investment reliance
Investment income $296K · Total revenue $21.1M
+1%
Program self-sufficiency
Program service revenue $156K · Total expenses $11.0M
1%
Growth & trend
Revenue growth (YoY)
This year $21.1M · Prior year $5.1M
+311%
Revenue CAGR
FY2019 $3.3M · FY2024 $21.1M
+45%
Net-asset trend (YoY)
End of year $15.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $21.1M · Expenses $11.0M
+48%
Liabilities-to-Assets
Total liabilities — · Total assets $17.0M
Net-asset ratio
Net assets $15.5M · Total assets $17.0M
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $17.0M
0%
People & payroll
Highest Reported Total Compensation
Individual Leona Christy · Reported title CEO · Highest reported compensation $236K · Total expenses $11.0M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $3.8M · Total expenses $11.0M
34%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 12%
Fundraising cost ratio 2%
Revenue growth 311%

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
Total grants receivedfrom 2 funders$3.0M
Grants paid · 26 grants · $481K · 2021–2023
Osse District of ColumbiaFY2023$50,000
Colorado Dept of EducationFY2023$50,000
New Mexico Public Ed DeptFY2023$46,000
Parent Power Lab INCMO · FY2023$19,000
Dreams KcMO · FY2023$15,500
Art as MentorshipFY2023$7,000
McEl United INCFL · FY2023$6,750
Texas Education AgencyFY2022$12,500
Art as MentorshipFY2022$12,000
McEl United INCFL · FY2022$11,100
New Mission High SchoolFY2022$10,000
Oakland Unified SdFY2022$9,000
See all 26 grants →

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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$5.1M revenue · ⤓ 990 PDF
FY2023$5.2M revenue · ⤓ 990 PDF
FY2022$2.7M revenue · ⤓ 990 PDF
FY2021$2.6M revenue · ⤓ 990 PDF
FY2020$3.3M 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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