Strada Collaborative INC

Indianapolis, INUnknown exempt organizationSince 2021EIN 86-1250084Revenue $74.4M in FY2023

On file with the IRSstradaeducation.org/collaborative10 West Market Street Suite 1100 · Indianapolis, IN

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To empower all learners - and those who serve them - Strada Collaborative, INC. Provides critical resources, educational support, and career experiences leading to equitable education and employment pathways.

80¢ of each $1 spent went to programs.
$3.1M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $12.4M a year · 20% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.1M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Named funders
7
named funders · $5.4M
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$74.4M
-3% vs prior year
Spent
$127.8M
To programs
80%
Net assets
$0
By yearFY2021–FY2023
Revenue
$74.4M
FY2023▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2021$36.1M
FY2022$76.9M
FY2023$74.4M
Expenses
$127.8M
FY2023▲ +61%
Tap a bar for its year
Expenses by fiscal year
FY2021$17.5M
FY2022$79.3M
FY2023$127.8M
Net assets
$0
FY2023▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2021$69.6M
FY2022$43.0M
FY2023$0

From the FY2023 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: FY2023.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $102.8M Management & general 16% · $20.9M Fundraising 3% · $4.1M

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; $3.1M paid to officers and key staff.

Part VII, Section A · reportable compensation
President - Itk
$432,333Pt VII · Sec A
President - Cael
$419,101Pt VII · Sec A
President - Rtn
$414,615Pt VII · Sec A
President - Eaw
$378,730Pt VII · Sec A
Chief Development Officer
$316,856Pt VII · Sec A
Avp, Partner Success
$283,604Pt VII · Sec A
$248,418Pt VII · Sec A
VP of Solutions
$229,726Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2023FY2022FY2021
Ruth White$432,333$518,893$59,405
Jaime Nunez$378,730$460,753$62,255
Michael Marriner$414,615$423,398$64,790
Earl Buford$419,101$380,733$63,335
Brian McAllister$248,418$365,878$52,648
Ariella Tenuta—$335,441$46,891
Kai Drekmeier$316,856$326,433$53,292
Stephen Ast$283,604$281,124$51,449

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides resources and support for equitable education and career pathways.

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Provided by the organization

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3 programs · $102.8M · in their own filed words · FY2023
01

Coaching & Guidance

To inspire and empower students to find their life path through educational curricla and hands-on experiences associated with said CURRICULA.IMPLEMENTS coaching (I.E., training an individual for the purpose of improving or developing capabiliites) programs that improve educational and career outcomes for learners including adult…

$87.9Mprogram expense
02

Work Based Learning

Provides college students, many of which will be first generation college students, employment through entry level service positions that teach "foundational" job skills like time management, communication, collaboration, problem solving, and critical thinking which, along with a degree, will help them secure full-time employment.

$14.1Mprogram expense
03

Student Affordability

Provides a prior learning assessment tool which enables institutions, employers, and state systems of higher learning to provide individuals credits toward a degree or certificate of COMPLETION.PROVIDES financial tuition assistance to college students involved in strada education foundation, inc.

$830Kprogram 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
See all 7 funders →
Grants paid · 8 grants · $49.2M · 2023–2023
Strada Education Foundation INCIN · FY2023$49,126,886
California State University Channel IslandsFY2023$20,000
California State University SacramentoFY2023$10,000
California State University San BernardinoFY2023$10,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$74.4M
Ln 12
Fees for servicesLn 2g$47.5M
Gifts and grantsLn 1h$26.8M
Other incomeLn 4–11$139K
Money outPt IX
$127.8M
Ln 25
Programscol B$102.8M
Managementcol C$20.9M
Fundraisingcol D$4.1M
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
17
listed · VII A
PaidVII A10
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$26.8M
Government grantsLn 1e$3.4M
Fees for servicesLn 2g$47.5M
Other incomeLn 4–11$139K
Total revenueLn 12$74.4M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 51,330
VolunteersI 60
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$5.5M$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$2.0M$0
Total assetsLn 16$58.0M$0
LiabilitiesLn 26$15.0M$0
Net assetsLn 32$43.0M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$49.2M$49.2M
Pay of current officers, directors and key staffLn 5$2.0M$2.0M
Other salaries and wagesLn 7$44.4M$31.7M$9.5M$3.2M
Other employee benefitsLn 9$6.6M$5.0M$1.4M$210K
Payroll taxesLn 10$3.8M$2.7M$841K$222K
Accounting feesLn 11c$16K$16K
Other fees for servicesLn 11g$6.7M$5.2M$1.5M$51K
Advertising and promotionLn 12$657K$238K$418K$2K
Office expensesLn 13$567K$35K$532K
Information technologyLn 14$3.9M$3.4M$479K$75K
OccupancyLn 16$1.8M$1.6M$201K$35K
TravelLn 17$1.8M$988K$508K$274K
Conferences, conventions and meetingsLn 19$973K$371K$517K$85K
Depreciation, depletion and amortizationLn 22$4.8M$1.9M$2.9M
InsuranceLn 23$10K$173$10K
Other expenses (24a–d)Ln 24$548K$459K$88K$1K
Total functional expensesLn 25$127.8M$102.8M$20.9M$4.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $74.4M$127.8M−$53.4M$0 990 PDF
FY2022 $76.9M$79.3M−$2.4M$43.0M 990 PDF
FY2021 $36.1M$17.5M$18.6M$69.6M 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 $74,422,160 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $21,407,895$26,757,868
I-9 Program service revenuePrior year $55,127,533$47,524,872
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $395,738$139,420
I-12 Total revenuePrior year $76,931,166$74,422,160
I-13 Grants and similar amounts paidPrior year $32,238$49,240,684
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $57,050,443$56,784,484
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $22,251,879$21,820,091
I-18 Total expensesPrior year $79,334,560$127,845,259
I-19 Revenue less expensesPrior year −$2,403,394−$53,423,099
Part VI · Governance 0 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $74,422,160 across 9 lines filed
VIII-1d Related organizations$3,827,500
VIII-1e Government grants$3,430,718
VIII-1f All other contributions, gifts and grants$19,499,650
VIII-1h Total contributions, gifts and grants$26,757,868
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $47,509,725 · Unrelated business $15,147$47,524,872
VIII-5 RoyaltiesExcluded from tax $36,492$36,492
VIII-6 Net rental income or lossExcluded from tax $74,437$74,437
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $28,491$28,491
VIII-12 Total revenueRelated to mission $47,538,216 · Unrelated business $15,147 · Excluded from tax $110,929$74,422,160
Part IX · Statement of functional expenses $127,845,259 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $49,240,684$49,240,684
IX-5 Pay of current officers, directors and key staffManagement $1,990,706$1,990,706
IX-7 Other salaries and wagesPrograms $31,691,432 · Management $9,517,150 · Fundraising $3,182,101$44,390,683
IX-9 Other employee benefitsPrograms $4,975,009 · Management $1,422,207 · Fundraising $209,597$6,606,813
IX-10 Payroll taxesPrograms $2,733,002 · Management $840,866 · Fundraising $222,414$3,796,282
IX-11c Accounting feesManagement $15,860$15,860
IX-11g Other fees for servicesPrograms $5,213,311 · Management $1,480,330 · Fundraising $50,800$6,744,441
IX-12 Advertising and promotionPrograms $237,554 · Management $417,774 · Fundraising $1,823$657,151
IX-13 Office expensesPrograms $34,649 · Management $532,047$566,696
IX-14 Information technologyPrograms $3,373,925 · Management $478,506 · Fundraising $74,683$3,927,114
IX-16 OccupancyPrograms $1,562,657 · Management $201,436 · Fundraising $34,590$1,798,683
IX-17 TravelPrograms $987,592 · Management $508,337 · Fundraising $274,310$1,770,239
IX-19 Conferences, conventions and meetingsPrograms $371,172 · Management $517,212 · Fundraising $85,029$973,413
IX-22 Depreciation, depletion and amortizationPrograms $1,878,454 · Management $2,929,692$4,808,146
IX-23 InsurancePrograms $173 · Management $9,828$10,001
IX-24 Other expenses (24a–d)Programs $459,441 · Management $87,577 · Fundraising $1,329$548,347
IX-25 Total functional expensesPrograms $102,759,055 · Management $20,949,528 · Fundraising $4,136,676$127,845,259
Part X · Balance sheet $0 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $5,492,658$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $30,461,065$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $1,751,961$0
X-10c Land, buildings and equipment, netStart of year $2,034,934$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assetsStart of year $12,516,650$0
X-15 Other assetsStart of year $5,746,264$0
X-16 Total assetsStart of year $58,003,532$0
X-17 Accounts payable and accrued expensesStart of year $7,656,589$0
X-19 Deferred revenueStart of year $4,001,419$0
X-25 Other liabilitiesStart of year $3,364,229$0
X-26 Total liabilitiesStart of year $15,022,237$0
X-27 Net assets without donor restrictionsStart of year $27,625,295$0
X-28 Net assets with donor restrictionsStart of year $15,356,000$0
X-32 Total net assets or fund balancesStart of year $42,981,295$0
X-33 Total liabilities and net assetsStart of year $58,003,532$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$74,422,160
XI-2 Total expenses$127,845,259
XI-3 Revenue less expenses−$53,423,099
XI-4 Net assets at start of year$42,981,295
XI-6 Donated services and use of facilities$532,482
XI-9 Other changes in net assets$9,909,322
XI-10 Net assets at end of year$0

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

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