Advanced Education Research & Development Fund

Tax-deductible

Oakland, CA501(c)(3)Since 2020EducationEIN 85-3624930

Conduct research and development that will yield dramatic improvements in public education.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Run by 5 volunteers and 28 employees.
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 4
filings with a surplus
Average surplus $6.8M a year · 20% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.6M
to officers and key staff · 7% of spending
Top officer’s pay higher than 85% of similar orgs
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $7.2M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5.6M
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$29.3M
+2% vs prior year
Spent
$37.4M
To programs
90%
Net assets
$46.0M
By yearFY2021–FY2024
Revenue
$29.3M
FY2024▲ +2%
Revenue by fiscal year
FY2021$32.8M
FY2022$42.6M
FY2023$28.7M
FY2024$29.3M
Expenses
$37.4M
FY2024▲ +21%
Expenses by fiscal year
FY2021$15.2M
FY2022$22.8M
FY2023$30.8M
FY2024$37.4M
Net assets
$46.0M
FY2024▼ -14%
Net assets by fiscal year
FY2021$36.1M
FY2022$55.2M
FY2023$53.4M
FY2024$46.0M

From the FY2024 Form 990 · 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: FY2024. IRS ruling in Mar 2021.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $33.6M Management & general 9% · $3.3M Fundraising 2% · $562K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

17 people listed on the 990; $2.6M paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$449,322Pt VII · Sec A
Chief Learning Officer
$277,197Pt VII · Sec A
Chief Public Affairs/Dev. Officer
$258,651Pt VII · Sec A
Executive Director
$257,469Pt VII · Sec A
Executive Director
$253,854Pt VII · Sec A
COO/Secretary/Treasurer
$241,303Pt VII · Sec A
Executive Director
$222,960Pt VII · Sec A
Executive Director
$205,172Pt VII · Sec A

Auditi Chakravarty’s $449K as Chief Executive Officer is at the 85th 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

NameFY2024FY2023FY2022FY2021
Auditi Chakravarty$449,322$315,000——
Stacey Childress—$69,790$399,999$399,999
Melina Uncapher—$316,034$295,600$285,000
Elda Beki Bahar-Engler$241,303$278,775——
Christopher Liang-Vergara$277,197$267,727$259,300$169,424
Marvin Smith$258,651$267,727$259,300$219,701
Temple S Lovelace$257,469$267,727$259,300—
Rebecca Kockler Easterling$253,854$253,821$259,300$115,530

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 Advanced Education Research & Development Fund 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

Develops innovative solutions to significantly improve public education.

Provided by the organization

This section is blank until Advanced Education Research & Development Fund claims this page.

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3 program services account for $27.7M of program spending, described in the organization's own filed words · FY2024.
01

Reading reimagined is our R&D program that aims to end illiteracy. With a focus on the needs of older elementary students who are not reading at grade level and need to develop foundational reading skills, reading reimagined researches and designs classroom-ready solutions that support the linguistic and developmental needs of older…

$13.2Mprogram expense
02

Ef+math is our inaugural R&D program exploring how strengthening students' executive function skills can help students manage their thoughts, emotions, and behavior while they learn math. With a focus on mathematical conceptual understanding and complex problem-solving, ef+math seeks to create innovative approaches to teaching and…

$7.6Mprogram expense
03

Assessment for good is our R&D program that seeks to transform assessments. With a focus on the important transition period from ages 8-13, assessment for good is developing assessments that deliver accurate, meaningful data that guides instruction and fosters a more student-centered experience at the speed of teaching and learning…

$6.9Mprogram expense

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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 · FY2022
Total grants receivedfrom 1 funder$7.2M
Grants paid · 24 grants · $911K · 2021–2024
Jackson Public School DistrictFY2024$74,000
Aliquippa School DistrictFY2024$25,600
Change the Tune INCCA · FY2024$20,000
Elite Public SchoolsCA · FY2024$19,000
Good TutorsCA · FY2024$10,000
Nevada Rise Academy INCNV · FY2024$8,667
Chicago Mobile MakersIL · FY2024$8,000
Middletown City School DistrictFY2023$32,822
Milpitas United School DistrictFY2023$31,000
Newark Board of EducationFY2023$25,000
The Hardy Center INCOH · FY2023$8,500
Vista Unified School DistrictFY2022$58,474
Newark Board of EducationFY2022$51,960
See all 24 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$29.3M
Ln 12
Gifts and grantsLn 1h$27.5M
Investment incomeLn 3$1.8M
Other incomeLn 4–11$2K
Money outPt IX
$37.4M
Ln 25
Programscol B$33.6M
Managementcol C$3.3M
Fundraisingcol D$562K
Owns and owesPt X
$46.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.9M
Total assetsLn 16$51.6M
LiabilitiesLn 26$5.6M
PeoplePt VI, VII
17
listed · VII A
PaidVII A10
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$27.5M
Investment incomeLn 3$1.8M
Other incomeLn 4–11$2K
Total revenueLn 12$29.3M
Assets in detailPt X, end of year
CashLn 1$1.9M
SavingsLn 2$0
Cash and savings togetherLn 1–2$1.9M
InvestmentsLn 11–13$49.3M
Total assetsLn 16$51.6M
LiabilitiesLn 26$5.6M
Net assetsLn 32$46.0M
OperationsPt I, VI
EmployeesI 528
VolunteersI 65
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 FY24End FY24
Cash and savingsLn 1–2$977K$1.9M
InvestmentsLn 11–13$54.3M$49.3M
Total assetsLn 16$55.9M$51.6M
LiabilitiesLn 26$2.5M$5.6M
Net assetsLn 32$53.4M$46.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$327K$327K
Pay of current officers, directors and key staffLn 5$1.6M$714K$414K$444K
Other salaries and wagesLn 7$6.9M$5.3M$1.5M$77K
Pension plan contributionsLn 8$444K$376K$64K$4K
Other employee benefitsLn 9$1.5M$1.4M$108K$9K
Payroll taxesLn 10$561K$434K$100K$27K
Legal feesLn 11b$18K$615$17K
Accounting feesLn 11c$52K$52K
Other fees for servicesLn 11g$23.8M$22.9M$838K
Advertising and promotionLn 12$412K$407K$5K
Office expensesLn 13$281K$254K$26K
Information technologyLn 14$651K$615K$37K
OccupancyLn 16$2K$2K
TravelLn 17$620K$532K$87K
Conferences, conventions and meetingsLn 19$111K$93K$18K
InsuranceLn 23$34K$34K
Other expenses (24a–d)Ln 24$239K$202K$37K
Total functional expensesLn 25$37.4M$33.6M$3.3M$562K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $29.3M$37.4M−$8.1M$46.0M 990 PDF
FY2023 $28.7M$30.8M−$2.1M$53.4M 990 PDF
FY2022 $42.6M$22.8M$19.7M$55.2M 990 PDF
FY2021 $32.8M$15.2M$17.7M$36.1M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $29,286,831 across 5 lines filed
VIII-1f All other contributions, gifts and grants$27,475,000
VIII-1h Total contributions, gifts and grants$27,475,000
VIII-3 Investment incomeExcluded from tax $1,809,545$1,809,545
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,286$2,286
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,811,831$29,286,831
Part IX · Statement of functional expenses $37,419,289 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $326,867$326,867
IX-5 Pay of current officers, directors and key staffPrograms $713,843 · Management $413,788 · Fundraising $444,255$1,571,886
IX-7 Other salaries and wagesPrograms $5,308,786 · Management $1,467,106 · Fundraising $76,788$6,852,680
IX-8 Pension plan contributionsPrograms $375,543 · Management $64,395 · Fundraising $4,470$444,408
IX-9 Other employee benefitsPrograms $1,353,148 · Management $108,205 · Fundraising $8,901$1,470,254
IX-10 Payroll taxesPrograms $433,764 · Management $99,641 · Fundraising $27,362$560,767
IX-11b Legal feesPrograms $615 · Management $17,205$17,820
IX-11c Accounting feesManagement $52,016$52,016
IX-11g Other fees for servicesPrograms $22,935,745 · Management $837,782$23,773,527
IX-12 Advertising and promotionPrograms $407,137 · Management $5,009$412,146
IX-13 Office expensesPrograms $254,419 · Management $26,168$280,587
IX-14 Information technologyPrograms $614,663 · Management $36,694$651,357
IX-16 OccupancyManagement $1,708$1,708
IX-17 TravelPrograms $532,279 · Management $87,355$619,634
IX-19 Conferences, conventions and meetingsPrograms $93,309 · Management $17,668$110,977
IX-23 InsuranceManagement $33,639$33,639
IX-24 Other expenses (24a–d)Programs $202,398 · Management $36,618$239,016
IX-25 Total functional expensesPrograms $33,552,516 · Management $3,304,997 · Fundraising $561,776$37,419,289
Part X · Balance sheet $51,592,457 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $250,000$1,881,637
X-2 Savings and temporary cash investmentsStart of year $726,953$0
X-4 Accounts receivableStart of year $407,031$291,138
X-9 Prepaid expenses and deferred chargesStart of year $180,668$125,137
X-11 Publicly traded securitiesStart of year $14,359,287$774,066
X-12 Other securitiesStart of year $39,937,982$48,520,479
X-16 Total assetsStart of year $55,861,921$51,592,457
X-17 Accounts payable and accrued expensesStart of year $2,372,005$5,492,437
X-18 Grants payableStart of year $102,500$137,333
X-26 Total liabilitiesStart of year $2,474,505$5,629,770
X-27 Net assets without donor restrictionsStart of year $39,247,813$37,389,237
X-28 Net assets with donor restrictionsStart of year $14,139,603$8,573,450
X-32 Total net assets or fund balancesStart of year $53,387,416$45,962,687
X-33 Total liabilities and net assetsStart of year $55,861,921$51,592,457
Part XI · Reconciliation of net assets $45,962,687 net assets at year end
XI-1 Total revenue$29,286,831
XI-2 Total expenses$37,419,289
XI-3 Revenue less expenses−$8,132,458
XI-4 Net assets at start of year$53,387,416
XI-5 Net unrealized gains (losses) on investments$707,729
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$45,962,687

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

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