Educate FY2020 filing

Tax-deductible

Denver, CO501(c)(3)Since 2005InternationalEIN 84-1648607Revenue $6.9M in FY2020

On file with the IRSexperienceeducate.org1905 N Sherman St Ste 200 Pmb 1383, 80203-1132 · Denver, COTax-exempt since Apr 2005Publicly supported charity — 170(b)(1)(A)(vi)

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Educate!'s mission is to develop young leaders and entrepreneurs in Africa. See Part III

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$722K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
4 of 5
filings with a surplus
Average surplus $2.6M a year · 25% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$722K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
17 mo
of spending, in cash
Looks good: 16.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $5K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$420K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.9M
Spent
$4.9M
To programs
89%
Net assets
$11.3M
By yearFY2020–FY2024
Revenue
$6.9M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$6.9M
FY2021$6.1M
FY2022$17.5M
FY2023$11.1M
FY2024$9.8M
Expenses
$4.9M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$4.9M
FY2021$5.4M
FY2022$7.2M
FY2023$9.2M
FY2024$11.7M
Net assets
$11.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$11.3M
FY2021$12.0M
FY2022$22.3M
FY2023$24.2M
FY2024$22.3M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2005.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $4.3M Management & general 4% · $187K Fundraising 8% · $366K

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

15 people listed on the 990; $722K paid to officers and key staff.

Part VII, Section A · reportable compensation
Co-Founder and Executive Director
$136,144Pt VII · Sec A
Chief Operating Officer
$117,583Pt VII · Sec A
Chief Strategy and Innovation Officer
$115,560Pt VII · Sec A
Chief Financial Officer
$112,320Pt VII · Sec A
Director of Talent
$100,000Pt VII · Sec A
Director of External Relations
$88,119Pt VII · Sec A
US County Director
$52,277Pt VII · Sec A
$0Pt VII · Sec A

Ivan Ssenfuma’s $146K as Chief Financial Officer is at the 55th percentile of top reported officer pay among 1168 $1–10M international 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

NameFY2024FY2023FY2022FY2021FY2020
Boris Bulayev$141,187$179,901$172,986$167,029$136,144
Margaret Appleton—$152,250$145,000$124,538$117,583
Ivan Ssenfuma$146,029$136,043$123,788$115,690$112,320
Angelica Towne——$133,954$124,538$115,560
Alexander Kelly$133,100$130,595$109,315$101,551—
Kayode Kolade$116,745$129,348———
Meghan Mahoney$128,610$115,396———
Elana Pollack—$107,863$115,360$103,000—

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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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

Develops young leaders and entrepreneurs in Africa through education.

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Provided by the organization

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1 program · $4.3M · in their own filed words · FY2020
01

"Educate! tackle youth unemployment by partnering with schools and governments to reform what schools teach and how they teach it so that students in Africa have the skills to attain further education, overcome gender inequities, start businesses, get jobs, and drive development in their communities.

$4.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 3 funders$5K
See all 3 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$6.9M
Ln 12
Gifts and grantsLn 1h$6.8M
Investment incomeLn 3$34K
Fees for servicesLn 2g$12K
Money outPt IX
$4.9M
Ln 25
Programscol B$4.3M
Managementcol C$187K
Fundraisingcol D$366K
Owns and owesPt X
$11.3M
net assets · Ln 32
Cash and savingsLn 1–2$6.9M
Total assetsLn 16$11.7M
LiabilitiesLn 26$420K
PeoplePt VI, VII
15
listed · VII A
PaidVII A7
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.8M
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$12K
Investment incomeLn 3$34K
Total revenueLn 12$6.9M
Assets in detailPt X, end of year
CashLn 1$1.1M
SavingsLn 2$5.8M
Cash and savings togetherLn 1–2$6.9M
InvestmentsLn 11–13$0
Other assetsLn 15$0
Total assetsLn 16$11.7M
LiabilitiesLn 26$420K
Net assetsLn 32$11.3M
OperationsPt I, VI
EmployeesI 523
VolunteersI 6310
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$4.9M$6.9M
InvestmentsLn 11–13$0$0
Total assetsLn 16$9.4M$11.7M
LiabilitiesLn 26$160K$420K
Net assetsLn 32$9.3M$11.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$112K$112K
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$750K$666K$17K$67K
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$2.4M$2.2M$56K$216K
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$210K$187K$5K$19K
Payroll taxesLn 10$212K$188K$5K$19K
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$92K$60K$25K$7K
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$234K$153K$62K$19K
Advertising and promotionLn 12$63K$58K$5K$160
Office expensesLn 13$72K$71K$782$0
Information technologyLn 14$230K$229K−$580$2K
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$74K$67K$4K$4K
TravelLn 17$255K$246K−$1K$10K
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$10K$9K−$53$383
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$2K$2K$188$6
Other expenses (24a–d)Ln 24$127K$116K$9K$3K
Total functional expensesLn 25$4.9M$4.3M$187K$366K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $9.8M$11.7M−$1.9M$22.3M 990 PDF
FY2023 $11.1M$9.2M$1.8M$24.2M 990 PDF
FY2022 $17.5M$7.2M$10.3M$22.3M 990 PDF
FY2021 $6.1M$5.4M$682K$12.0M 990 PDF
FY2020 Viewing $6.9M$4.9M$2.0M$11.3M 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 FY2020 990 (6 parts)
Part I · Summary $6,890,215 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,630,377$6,844,234
I-9 Program service revenuePrior year $63,947$12,055
I-10 Investment incomePrior year $3,489$33,926
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $9,697,813$6,890,215
I-13 Grants and similar amounts paidPrior year $129,903$111,954
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,481,873$3,601,177
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,168,996$1,159,795
I-18 Total expensesPrior year $5,780,772$4,872,926
I-19 Revenue less expensesPrior year $3,917,041$2,017,289
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $6,890,215 across 12 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$6,844,234
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$6,844,234
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,055 · Unrelated business $0 · Excluded from tax $0$12,055
VIII-3 Investment incomeRelated to mission $33,926 · Unrelated business $0 · Excluded from tax $0$33,926
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $45,981 · Unrelated business $0 · Excluded from tax $0$6,890,215
Part IX · Statement of functional expenses $4,872,926 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $111,954$111,954
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $666,138 · Management $17,374 · Fundraising $66,790$750,302
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $2,156,260 · Management $56,239 · Fundraising $216,195$2,428,694
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $186,721 · Management $4,870 · Fundraising $18,721$210,312
IX-10 Payroll taxesPrograms $188,103 · Management $4,906 · Fundraising $18,860$211,869
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $60,365 · Management $24,583 · Fundraising $7,443$92,391
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $152,686 · Management $62,179 · Fundraising $18,826$233,691
IX-12 Advertising and promotionPrograms $57,676 · Management $5,488 · Fundraising $160$63,324
IX-13 Office expensesPrograms $71,439 · Management $782 · Fundraising $0$72,221
IX-14 Information technologyPrograms $228,680 · Management −$580 · Fundraising $1,795$229,895
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $66,665 · Management $3,760 · Fundraising $3,760$74,185
IX-17 TravelPrograms $246,492 · Management −$1,372 · Fundraising $9,926$255,046
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $9,499 · Management −$53 · Fundraising $383$9,829
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $1,981 · Management $188 · Fundraising $6$2,175
IX-24 Other expenses (24a–d)Programs $115,746 · Management $8,546 · Fundraising $2,746$127,038
IX-25 Total functional expensesPrograms $4,320,405 · Management $186,910 · Fundraising $365,611$4,872,926
Part X · Balance sheet $11,736,153 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $2,880,760$1,109,130
X-2 Savings and temporary cash investmentsStart of year $2,025,828$5,768,636
X-3 Pledges and grants receivableStart of year $4,459,128$4,818,488
X-4 Accounts receivableStart of year $17,998$18,705
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $29,118$21,194
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $9,412,832$11,736,153
X-17 Accounts payable and accrued expensesStart of year $160,107$201,770
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilities$0
X-26 Total liabilitiesStart of year $160,107$420,285
X-27 Net assets without donor restrictionsStart of year $5,472,661$6,756,872
X-28 Net assets with donor restrictionsStart of year $3,780,064$4,558,996
X-32 Total net assets or fund balancesStart of year $9,252,725$11,315,868
X-33 Total liabilities and net assetsStart of year $9,412,832$11,736,153
Part XI · Reconciliation of net assets $11,315,868 net assets at year end
XI-1 Total revenue$6,890,215
XI-2 Total expenses$4,872,926
XI-3 Revenue less expenses$2,017,289
XI-4 Net assets at start of year$9,252,725
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$45,854
XI-10 Net assets at end of year$11,315,868

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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