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1edtech Foundation

Tax-deductible

Burlington, MA501(c)(3)Community Development EIN 83-1489371Revenue $85K in FY2024

On file with the IRS1edtech.org1500 District Ave, 01803-5069 · Burlington, MATax-exempt since May 2019Supporting org, Type I — 509(a)(3)

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To provide support and other assistance to its affiliated organization, 1edtech consortium, INC.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 2 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $18K a year · 9% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
237 mo
of spending, in cash
Looks good: 237.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $41K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$213K
70% of total assets
Worth a look: liabilities are 70% of assets; over 65%.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$85K
-61% vs prior year
Spent
$15K
To programs
100%
Net assets
$90K
By yearFY2020–FY2024
Revenue
$85K
FY2024▼ -61%
Tap a bar for its year
Revenue by fiscal year
FY2020$518K
FY2021$142K
FY2022$72K
FY2023$221K
FY2024$85K
Expenses
$15K
FY2024▼ -93%
Tap a bar for its year
Expenses by fiscal year
FY2020$424K
FY2021$214K
FY2022$72K
FY2023$221K
FY2024$15K
Net assets
$90K
FY2024▲ +348%
Tap a bar for its year
Net assets by fiscal year
FY2020$92K
FY2021$21K
FY2022$20K
FY2023$20K
FY2024$90K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2019.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $15K Management & general 0% · $73

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
Lenny Schad
Director
$0Pt VII · Sec A
Rick Johnson
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Robert J Abel
CEO (president of the Board)
$0Pt VII · Sec A
See 1edtech Foundation 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 15aNo

Programs and updates

Supports and assists its affiliated organization, 1EdTech Consortium, Inc.

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Provided by the organization

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1 program · $15K · in their own filed words · FY2024
01

To provide support and other assistance to its affiliated organization, 1EDTECH consortium inc.

$15Kprogram 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 · FY2024
Northeastern UniversityFY2024$41K
Total grants receivedfrom 1 funder$41K
Grants paid · 5 grants · $654K · 2020–2024
1edtech Consortium INCMA · FY2024$15,250
1edtech Consortium INCMA · FY2023$116,209
1edtech Consortium INCMA · FY2022$71,791
1edtech Consortium INCMA · FY2021$75,000
1edtech Consortium INCMA · FY2020$375,750

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$85K
Ln 12
Gifts and grantsLn 1h$85K
Money outPt IX
$15K
Ln 25
Programscol B$15K
Managementcol C$73
Owns and owesPt X
$90K
net assets · Ln 32
Cash and savingsLn 1–2$303K
Total assetsLn 16$303K
LiabilitiesLn 26$213K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$85K
Total revenueLn 12$85K
Assets in detailPt X, end of year
CashLn 1$303K
Cash and savings togetherLn 1–2$303K
Total assetsLn 16$303K
LiabilitiesLn 26$213K
Net assetsLn 32$90K
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$126K$303K
Total assetsLn 16$126K$303K
LiabilitiesLn 26$106K$213K
Net assetsLn 32$20K$90K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$15K$15K
Legal feesLn 11b$73$73
Total functional expensesLn 25$15K$15K$73$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $85K$15K$70K$90K 990 PDF
FY2023 $221K$221K−$340$20K 990 PDF
FY2022 $72K$72K−$192$20K 990 PDF
FY2021 $142K$214K−$71K$21K 990 PDF
FY2020 $518K$424K$93K$92K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $85,070 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $220,709$85,070
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $220,709$85,070
I-13 Grants and similar amounts paidPrior year $116,209$15,250
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $104,840$73
I-18 Total expensesPrior year $221,049$15,323
I-19 Revenue less expensesPrior year −$340$69,747
Part VI · Governance 2 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $85,070 across 3 lines filed
VIII-1f All other contributions, gifts and grants$85,070
VIII-1h Total contributions, gifts and grants$85,070
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$85,070
Part IX · Statement of functional expenses $15,323 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $15,250$15,250
IX-11b Legal feesManagement $73$73
IX-25 Total functional expensesPrograms $15,250 · Management $73 · Fundraising $0$15,323
Part X · Balance sheet $303,154 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $125,722$303,154
X-16 Total assetsStart of year $125,722$303,154
X-17 Accounts payable and accrued expensesStart of year $94,500$60,073
X-19 Deferred revenueStart of year $11,207$132,569
X-25 Other liabilitiesStart of year $0$20,750
X-26 Total liabilitiesStart of year $105,707$213,392
X-27 Net assets without donor restrictionsStart of year $20,015$89,762
X-32 Total net assets or fund balancesStart of year $20,015$89,762
X-33 Total liabilities and net assetsStart of year $125,722$303,154
Part XI · Reconciliation of net assets $89,762 net assets at year end
XI-1 Total revenue$85,070
XI-2 Total expenses$15,323
XI-3 Revenue less expenses$69,747
XI-4 Net assets at start of year$20,015
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$89,762

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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