Advanced Education Research & Development Fund FY2021 filing

Tax-deductible

Oakland, CA501(c)(3)Since 2020EducationEIN 85-3624930Revenue $32.8M in FY2021

On file with the IRSaerdf.org66 Franklin St Ste 300, 94607-3734 · Oakland, CATax-exempt since Mar 2021Publicly supported charity — 170(b)(1)(A)(vi)

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Conduct Research and Development that will yield dramatic improvements in public Education.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$2.3M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · 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
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.3M
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
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
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
$1.7M
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$32.8M
Spent
$15.2M
To programs
72%
Net assets
$36.1M
By yearFY2021–FY2024
Revenue
$32.8M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$32.8M
FY2022$42.6M
FY2023$28.7M
FY2024$29.3M
Expenses
$15.2M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$15.2M
FY2022$22.8M
FY2023$30.8M
FY2024$37.4M
Net assets
$36.1M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$36.1M
FY2022$55.2M
FY2023$53.4M
FY2024$46.0M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Mar 2021.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $11.0M Management & general 26% · $3.9M Fundraising 2% · $251K

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

17 people listed on the 990; $2.3M paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO/Board President
$399,999Pt VII · Sec A
Chief of Research & Development
$285,000Pt VII · Sec A
Program Director
$249,053Pt VII · Sec A
Chief Public Affairs Officer
$219,701Pt VII · Sec A
CIO/Board Treasurer
$213,750Pt VII · Sec A
Program Director
$208,900Pt VII · Sec A
Chief Learning Officer
$169,424Pt VII · Sec A
Deputy Program Director
$125,000Pt 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.

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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.

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1 program · $11.0M · in their own filed words · FY2021
01

Inclusive Research and Development

Aerdf raises philanthropic dollars from the general public and then mobilizes that capital to support innovative research and development projects that address pernicious teaching and learning challenges that disproportionately impact black, latino and low-income students.

$11.0Mprogram 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 · 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$32.8M
Ln 12
Gifts and grantsLn 1h$32.8M
Investment incomeLn 3$73K
Money outPt IX
$15.2M
Ln 25
Programscol B$11.0M
Managementcol C$3.9M
Fundraisingcol D$251K
Owns and owesPt X
$36.1M
net assets · Ln 32
Cash and savingsLn 1–2$532K
Total assetsLn 16$37.8M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
17
listed · VII A
PaidVII A12
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$32.8M
Investment incomeLn 3$73K
Total revenueLn 12$32.8M
Assets in detailPt X, end of year
CashLn 1$532K
Cash and savings togetherLn 1–2$532K
InvestmentsLn 11–13$37.3M
Total assetsLn 16$37.8M
LiabilitiesLn 26$1.7M
Net assetsLn 32$36.1M
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 FY21End FY21
Cash and savingsLn 1–2$0$532K
InvestmentsLn 11–13$0$37.3M
Total assetsLn 16$0$37.8M
LiabilitiesLn 26$0$1.7M
Net assetsLn 32$0$36.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$309K$309K
Pay of current officers, directors and key staffLn 5$1.9M$1.2M$521K$224K
Other salaries and wagesLn 7$1.2M$593K$598K
Pension plan contributionsLn 8$69K$38K$31K
Other employee benefitsLn 9$406K$246K$145K$15K
Payroll taxesLn 10$196K$124K$62K$10K
Legal feesLn 11b$82K$82K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$10.3M$8.4M$1.9M
Advertising and promotionLn 12$433K$433K
Office expensesLn 13$58K$30K$28K$339
Information technologyLn 14$174K$25K$149K$506
TravelLn 17$20K$11K$8K$793
Conferences, conventions and meetingsLn 19$24K$14K$10K
InterestLn 20$342$342
InsuranceLn 23$14K$14K
Other expenses (24a–d)Ln 24$6K$6K$196
Total functional expensesLn 25$15.2M$11.0M$3.9M$251K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $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 FY2021 990 (6 parts)
Part I · Summary $32,842,563 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$32,770,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$72,563
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $0$32,842,563
I-13 Grants and similar amounts paidPrior year $0$309,416
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$3,758,434
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$11,098,721
I-18 Total expensesPrior year $0$15,166,571
I-19 Revenue less expensesPrior year $0$17,675,992
Part VI · Governance 5 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
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 $32,842,563 across 4 lines filed
VIII-1f All other contributions, gifts and grants$32,770,000
VIII-1h Total contributions, gifts and grants$32,770,000
VIII-3 Investment incomeExcluded from tax $72,563$72,563
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $72,563$32,842,563
Part IX · Statement of functional expenses $15,166,571 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $309,416$309,416
IX-5 Pay of current officers, directors and key staffPrograms $1,150,815 · Management $521,325 · Fundraising $223,831$1,895,971
IX-7 Other salaries and wagesPrograms $592,861 · Management $598,091$1,190,952
IX-8 Pension plan contributionsPrograms $37,985 · Management $31,289$69,274
IX-9 Other employee benefitsPrograms $246,261 · Management $144,623 · Fundraising $15,023$405,907
IX-10 Payroll taxesPrograms $124,424 · Management $61,752 · Fundraising $10,154$196,330
IX-11b Legal feesManagement $82,003$82,003
IX-11c Accounting feesManagement $1,050$1,050
IX-11g Other fees for servicesPrograms $8,419,264 · Management $1,866,492$10,285,756
IX-12 Advertising and promotionManagement $432,853$432,853
IX-13 Office expensesPrograms $30,032 · Management $28,067 · Fundraising $339$58,438
IX-14 Information technologyPrograms $25,350 · Management $148,526 · Fundraising $506$174,382
IX-17 TravelPrograms $11,122 · Management $7,859 · Fundraising $793$19,774
IX-19 Conferences, conventions and meetingsPrograms $14,032 · Management $9,835$23,867
IX-20 InterestManagement $342$342
IX-23 InsuranceManagement $14,384$14,384
IX-24 Other expenses (24a–d)Programs $5,676 · Management $196$5,872
IX-25 Total functional expensesPrograms $10,967,238 · Management $3,948,687 · Fundraising $250,646$15,166,571
Part X · Balance sheet $37,818,730 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $0$531,734
X-4 Accounts receivableStart of year $0$25,940
X-11 Publicly traded securitiesStart of year $0$34,974,247
X-12 Other securitiesStart of year $0$2,286,809
X-16 Total assetsStart of year $0$37,818,730
X-17 Accounts payable and accrued expensesStart of year $0$1,356,073
X-25 Other liabilitiesStart of year $0$381,930
X-26 Total liabilitiesStart of year $0$1,738,003
X-27 Net assets without donor restrictionsStart of year $0$22,967,321
X-28 Net assets with donor restrictionsStart of year $0$13,113,406
X-32 Total net assets or fund balancesStart of year $0$36,080,727
X-33 Total liabilities and net assetsStart of year $0$37,818,730
Part XI · Reconciliation of net assets $36,080,727 net assets at year end
XI-1 Total revenue$32,842,563
XI-2 Total expenses$15,166,571
XI-3 Revenue less expenses$17,675,992
XI-4 Net assets at start of year$0
XI-5 Net unrealized gains (losses) on investments−$59,319
XI-9 Other changes in net assets$18,464,054
XI-10 Net assets at end of year$36,080,727

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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