Advanced Education Research & Development Fund FY2023 filing

Tax-deductible

Oakland, CA501(c)(3)Since 2020EducationEIN 85-3624930Revenue $28.7M in FY2023

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.
90¢ of each $1 spent went to programs.
$2.8M 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

FY2023 · 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
$2.8M
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% 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
$2.5M
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 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
$28.7M
-33% vs prior year
Spent
$30.8M
To programs
90%
Net assets
$53.4M
By yearFY2021–FY2024
Revenue
$28.7M
FY2023▼ -33%
Tap a bar for its year
Revenue by fiscal year
FY2021$32.8M
FY2022$42.6M
FY2023$28.7M
FY2024$29.3M
Expenses
$30.8M
FY2023▲ +35%
Tap a bar for its year
Expenses by fiscal year
FY2021$15.2M
FY2022$22.8M
FY2023$30.8M
FY2024$37.4M
Net assets
$53.4M
FY2023▼ -3%
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 FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

90 cents of each dollar spent went to programs.

Program services 90% · $27.9M Management & general 8% · $2.5M Fundraising 1% · $438K

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

19 people listed on the 990; $2.8M paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief of Research & Development (thru 12/23)
$316,034Pt VII · Sec A
Chief Executive Officer
$315,000Pt VII · Sec A
COO/Secretary/Treasurer
$278,775Pt VII · Sec A
Chief Learning Officer
$267,727Pt VII · Sec A
Chief Public Affairs/Dev. Officer
$267,727Pt VII · Sec A
Executive Director
$267,727Pt VII · Sec A
Executive Director
$256,208Pt VII · Sec A
Executive Director
$253,821Pt 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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Provided by the organization

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1 program · $27.9M · in their own filed words · FY2023
01

Inclusive Research and Development

Aerdf inclusive advanced R&D programs are ambitious three to five year initiatives to address major teaching and learning challenges and opportunities the public and private sector have historically ignored for black and latino learners and learners experiencing poverty in the united states.

$27.9Mprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$28.7M
Ln 12
Gifts and grantsLn 1h$26.5M
Investment incomeLn 3$2.2M
Other incomeLn 4–11$689
Money outPt IX
$30.8M
Ln 25
Programscol B$27.9M
Managementcol C$2.5M
Fundraisingcol D$438K
Owns and owesPt X
$53.4M
net assets · Ln 32
Cash and savingsLn 1–2$977K
Total assetsLn 16$55.9M
LiabilitiesLn 26$2.5M
PeoplePt VI, VII
19
listed · VII A
PaidVII A12
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$26.5M
Investment incomeLn 3$2.2M
Other incomeLn 4–11$689
Total revenueLn 12$28.7M
Assets in detailPt X, end of year
CashLn 1$250K
SavingsLn 2$727K
Cash and savings togetherLn 1–2$977K
InvestmentsLn 11–13$54.3M
Total assetsLn 16$55.9M
LiabilitiesLn 26$2.5M
Net assetsLn 32$53.4M
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 FY23End FY23
Cash and savingsLn 1–2$750K$977K
InvestmentsLn 11–13$56.4M$54.3M
Total assetsLn 16$57.4M$55.9M
LiabilitiesLn 26$2.2M$2.5M
Net assetsLn 32$55.2M$53.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$100K$100K
Pay of current officers, directors and key staffLn 5$1.7M$745K$611K$387K
Other salaries and wagesLn 7$7.4M$6.5M$943K$15K
Pension plan contributionsLn 8$447K$390K$56K$1K
Other employee benefitsLn 9$915K$684K$218K$14K
Payroll taxesLn 10$663K$531K$111K$21K
Legal feesLn 11b$42K$41K$1K
Accounting feesLn 11c$49K$49K
Other fees for servicesLn 11g$17.7M$17.4M$353K
Advertising and promotionLn 12$251K$250K$115
Office expensesLn 13$324K$293K$31K
Information technologyLn 14$455K$405K$50K
OccupancyLn 16$2K$965$712
TravelLn 17$496K$443K$53K
Conferences, conventions and meetingsLn 19$85K$73K$12K
InsuranceLn 23$21K$21K
Other expenses (24a–d)Ln 24$86K$86K$0
Total functional expensesLn 25$30.8M$27.9M$2.5M$438K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $29.3M$37.4M−$8.1M$46.0M 990 PDF
FY2023 Viewing $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 FY2023 990 (6 parts)
Part I · Summary $28,731,484 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $41,610,000$26,545,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $966,164$2,185,795
I-11 Other revenuePrior year $0$689
I-12 Total revenuePrior year $42,576,164$28,731,484
I-13 Grants and similar amounts paidPrior year $216,060$100,122
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $7,219,668$11,189,227
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $15,407,791$19,515,266
I-18 Total expensesPrior year $22,843,519$30,804,615
I-19 Revenue less expensesPrior year $19,732,645−$2,073,131
Part VI · Governance 6 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
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 $28,731,484 across 5 lines filed
VIII-1f All other contributions, gifts and grants$26,545,000
VIII-1h Total contributions, gifts and grants$26,545,000
VIII-3 Investment incomeExcluded from tax $2,185,795$2,185,795
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $689$689
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,186,484$28,731,484
Part IX · Statement of functional expenses $30,804,615 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $100,122$100,122
IX-5 Pay of current officers, directors and key staffPrograms $745,387 · Management $610,911 · Fundraising $387,453$1,743,751
IX-7 Other salaries and wagesPrograms $6,462,364 · Management $942,805 · Fundraising $14,971$7,420,140
IX-8 Pension plan contributionsPrograms $389,814 · Management $56,412 · Fundraising $1,048$447,274
IX-9 Other employee benefitsPrograms $683,667 · Management $218,086 · Fundraising $13,593$915,346
IX-10 Payroll taxesPrograms $530,971 · Management $110,537 · Fundraising $21,208$662,716
IX-11b Legal feesPrograms $41,375 · Management $1,001$42,376
IX-11c Accounting feesManagement $48,791$48,791
IX-11g Other fees for servicesPrograms $17,351,922 · Management $353,362$17,705,284
IX-12 Advertising and promotionPrograms $250,389 · Management $115$250,504
IX-13 Office expensesPrograms $292,857 · Management $30,826$323,683
IX-14 Information technologyPrograms $404,701 · Management $50,102$454,803
IX-16 OccupancyPrograms $965 · Management $712$1,677
IX-17 TravelPrograms $443,166 · Management $52,889$496,055
IX-19 Conferences, conventions and meetingsPrograms $73,099 · Management $12,297$85,396
IX-23 InsuranceManagement $20,804$20,804
IX-24 Other expenses (24a–d)Programs $85,893 · Management $0$85,893
IX-25 Total functional expensesPrograms $27,856,692 · Management $2,509,650 · Fundraising $438,273$30,804,615
Part X · Balance sheet $55,861,921 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $750,000$250,000
X-2 Savings and temporary cash investmentsStart of year $0$726,953
X-4 Accounts receivableStart of year $290,784$407,031
X-9 Prepaid expenses and deferred charges$180,668
X-11 Publicly traded securitiesStart of year $4,336,143$14,359,287
X-12 Other securitiesStart of year $52,034,559$39,937,982
X-16 Total assetsStart of year $57,411,486$55,861,921
X-17 Accounts payable and accrued expensesStart of year $1,893,925$2,372,005
X-18 Grants payable$102,500
X-25 Other liabilitiesStart of year $305,743$0
X-26 Total liabilitiesStart of year $2,199,668$2,474,505
X-27 Net assets without donor restrictionsStart of year $41,167,199$39,247,813
X-28 Net assets with donor restrictionsStart of year $14,044,619$14,139,603
X-32 Total net assets or fund balancesStart of year $55,211,818$53,387,416
X-33 Total liabilities and net assetsStart of year $57,411,486$55,861,921
Part XI · Reconciliation of net assets $53,387,416 net assets at year end
XI-1 Total revenue$28,731,484
XI-2 Total expenses$30,804,615
XI-3 Revenue less expenses−$2,073,131
XI-4 Net assets at start of year$55,211,818
XI-5 Net unrealized gains (losses) on investments$248,729
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$53,387,416

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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