Strada Collaborative INC FY2021 filing

Indianapolis, INUnknown exempt organizationSince 2021 EIN 86-1250084Revenue $36.1M in FY2021Latest return filed Nov 14, 2024

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.

66¢ of each $1 spent went to programs.
$565K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$565K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
8 mo
of spending, in cash
Plus $33.8M in investments, Pt X · Ln 11–13
Looks good: 7.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
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
$18.2M
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$36.1M
Spent
$17.5M
To programs
66%
Net assets
$69.6M
By yearFY2021–FY2023
Revenue
$36.1M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$36.1M
FY2022$76.9M
FY2023$74.4M
Expenses
$17.5M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$17.5M
FY2022$79.3M
FY2023$127.8M
Net assets
$69.6M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$69.6M
FY2022$43.0M
FY2023$0

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 (FY2023) →

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

66 cents of each dollar spent went to programs.

Program services 66% · $11.6M Management & general 24% · $4.2M Fundraising 10% · $1.7M

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

18 people listed on the 990; $565K paid to officers and key staff.

Part VII, Section A · reportable compensation
President - Rtn (beg 9/27/21)
$64,790Pt VII · Sec A
President - Cael (beg 9/20/21)
$63,335Pt VII · Sec A
President - Eaw (beg 9/18/21)
$62,255Pt VII · Sec A
President - Itk (beg 9/16/21)
$59,405Pt VII · Sec A
SR VP, HR (beg 9/16/21)
$57,321Pt VII · Sec A
SR VP, Partner Success (beg 9/16/21)
$53,363Pt VII · Sec A
Chief Develop Off (beg 9/16/21)
$53,292Pt VII · Sec A
COO (beg 9/27/21)
$52,648Pt 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.

See Strada Collaborative INC executive salaries →

3 open jobs right now. See them →

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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3 programs · $11.6M · in their own filed words · FY2021
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…

$7.2Mprogram 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.

$4.4Mprogram 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 network, inc.

$79Kprogram 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

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Dec 2022 · $1.9M federal money spent
Fund for the Improvement of Postsecondary EducationDepartment of Education · ALN 84.116 · Direct$1.8M
H-1b Job Training GrantsDepartment of Labor · ALN 17.268 · Through Arizona State University$71K
Workforce Investment Act (wia) Dislocated Worker National Reserve Demonstration GrantsDepartment of Labor · ALN 17.280 · Direct$23K
State Administrative Matching Grants for the Supplemental Nutrition Assistance ProgramDepartment of Agriculture · ALN 10.561 · Direct$21K

The auditor reported no findings.

Year ending Dec 2021 · $1.6M federal money spent
Fund for the Improvement of Postsecondary EducationDepartment of Education · ALN 84.116 · Direct$1.6M

The auditor reported 1 finding: a weakness in money controls.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$36.1M
Ln 12
Gifts and grantsLn 1h$23.7M
Fees for servicesLn 2g$12.2M
Other incomeLn 4–11$242K
Money outPt IX
$17.5M
Ln 25
Programscol B$11.6M
Managementcol C$4.2M
Fundraisingcol D$1.7M
Owns and owesPt X
$69.6M
net assets · Ln 32
Cash and savingsLn 1–2$10.9M
Total assetsLn 16$87.8M
LiabilitiesLn 26$18.2M
PeoplePt VI, VII
18
listed · VII A
PaidVII A10
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$23.7M
Government grantsLn 1e$473K
Fees for servicesLn 2g$12.2M
Other incomeLn 4–11$242K
Total revenueLn 12$36.1M
Assets in detailPt X, end of year
CashLn 1$10.9M
Cash and savings togetherLn 1–2$10.9M
InvestmentsLn 11–13$33.8M
Land, buildings, equipmentLn 10c$2.2M
Other assetsLn 15$2.0M
Total assetsLn 16$87.8M
LiabilitiesLn 26$18.2M
Net assetsLn 32$69.6M
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 FY21End FY21
Cash and savingsLn 1–2$0$10.9M
InvestmentsLn 11–13$33.8M
Land, buildings, equipmentLn 10c$0$2.2M
Total assetsLn 16$0$87.8M
LiabilitiesLn 26$0$18.2M
Net assetsLn 32$0$69.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$21K$21K
Pay of current officers, directors and key staffLn 5$359K$359K
Other salaries and wagesLn 7$9.8M$6.2M$2.4M$1.2M
Pension plan contributionsLn 8$50K$37K$6K$7K
Other employee benefitsLn 9$1.1M$463K$533K$88K
Payroll taxesLn 10$859K$581K$190K$88K
Accounting feesLn 11c$11K$11K
Investment management feesLn 11f$3K$3K
Other fees for servicesLn 11g$1.6M$1.4M$119K$79K
Advertising and promotionLn 12$183K$70K$98K$15K
Office expensesLn 13$74K$62K$13K$282
Information technologyLn 14$437K$365K$57K$15K
OccupancyLn 16$723K$603K$96K$25K
TravelLn 17$269K$142K$78K$49K
Conferences, conventions and meetingsLn 19$412K$338K$64K$11K
InterestLn 20$77K$57K$9K$11K
Depreciation, depletion and amortizationLn 22$1.4M$1.2M$124K$131K
InsuranceLn 23−$145−$145
Other expenses (24a–d)Ln 24$144K$124K$18K$2K
All other expensesLn 24e$48K$7K$41K$334
Total functional expensesLn 25$17.5M$11.6M$4.2M$1.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 LatestFiled with the IRS Nov 14, 2024 $74.4M$127.8M−$53.4M$0 990 PDF
FY2022 $76.9M$79.3M−$2.4M$43.0M 990 PDF
FY2021 ViewingFiled with the IRS Nov 15, 2022 $36.1M$17.5M$18.6M$69.6M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $36,146,755 revenue, 12 lines filed
I-8 Contributions and grants$23,687,417
I-9 Program service revenue$12,217,625
I-10 Investment income$0
I-11 Other revenue$241,713
I-12 Total revenue$36,146,755
I-13 Grants and similar amounts paid$21,462
I-14 Benefits paid to members$0
I-15 Salaries and benefits$12,145,865
I-16a Professional fundraising fees$0
I-17 Other expenses$5,353,743
I-18 Total expenses$17,521,070
I-19 Revenue less expenses$18,625,685
Part VI · Governance 0 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
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 $36,146,755 across 9 lines filed
VIII-1d Related organizations$2,160,346
VIII-1e Government grants$473,429
VIII-1f All other contributions, gifts and grants$21,053,642
VIII-1h Total contributions, gifts and grants$23,687,417
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,165,419 · Unrelated business $52,206$12,217,625
VIII-5 RoyaltiesExcluded from tax $85,875$85,875
VIII-6 Net rental income or lossExcluded from tax $32,151$32,151
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $123,687$123,687
VIII-12 Total revenueRelated to mission $12,289,106 · Unrelated business $52,206 · Excluded from tax $118,026$36,146,755
Part IX · Statement of functional expenses $17,521,070 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $21,462$21,462
IX-5 Pay of current officers, directors and key staffManagement $358,560$358,560
IX-7 Other salaries and wagesPrograms $6,224,113 · Management $2,395,155 · Fundraising $1,175,202$9,794,470
IX-8 Pension plan contributionsPrograms $36,932 · Management $5,989 · Fundraising $6,987$49,908
IX-9 Other employee benefitsPrograms $463,050 · Management $532,966 · Fundraising $88,022$1,084,038
IX-10 Payroll taxesPrograms $580,960 · Management $190,411 · Fundraising $87,518$858,889
IX-11c Accounting feesManagement $10,661$10,661
IX-11f Investment management feesManagement $3,101$3,101
IX-11g Other fees for servicesPrograms $1,358,615 · Management $119,235 · Fundraising $79,495$1,557,345
IX-12 Advertising and promotionPrograms $69,775 · Management $97,866 · Fundraising $15,403$183,044
IX-13 Office expensesPrograms $61,529 · Management $12,505 · Fundraising $282$74,316
IX-14 Information technologyPrograms $365,041 · Management $57,209 · Fundraising $15,013$437,263
IX-16 OccupancyPrograms $602,892 · Management $95,691 · Fundraising $24,914$723,497
IX-17 TravelPrograms $142,383 · Management $77,583 · Fundraising $49,485$269,451
IX-19 Conferences, conventions and meetingsPrograms $337,793 · Management $63,949 · Fundraising $10,522$412,264
IX-20 InterestPrograms $57,188 · Management $9,392 · Fundraising $10,742$77,322
IX-22 Depreciation, depletion and amortizationPrograms $1,157,794 · Management $124,448 · Fundraising $130,935$1,413,177
IX-23 InsuranceManagement −$145−$145
IX-24 Other expenses (24a–d)Programs $123,793 · Management $18,474 · Fundraising $1,702$143,969
IX-24e All other expensesPrograms $7,208 · Management $40,936 · Fundraising $334$48,478
IX-25 Total functional expensesPrograms $11,610,528 · Management $4,213,986 · Fundraising $1,696,556$17,521,070
Part X · Balance sheet $87,757,237 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $0$10,916,257
X-4 Accounts receivableStart of year $0$23,401,303
X-9 Prepaid expenses and deferred chargesStart of year $0$216,513
X-10c Land, buildings and equipment, netStart of year $0$2,167,823
X-13 Program-related investments$33,766,965
X-14 Intangible assetsStart of year $0$15,247,452
X-15 Other assetsStart of year $0$2,040,924
X-16 Total assetsStart of year $0$87,757,237
X-17 Accounts payable and accrued expensesStart of year $0$14,034,245
X-19 Deferred revenueStart of year $0$3,576,755
X-25 Other liabilitiesStart of year $0$45,461
X-26 Total liabilitiesStart of year $0$18,156,461
X-27 Net assets without donor restrictions$69,600,776
X-32 Total net assets or fund balancesStart of year $0$69,600,776
X-33 Total liabilities and net assetsStart of year $0$87,757,237
Part XI · Reconciliation of net assets $69,600,776 net assets at year end
XI-1 Total revenue$36,146,755
XI-2 Total expenses$17,521,070
XI-3 Revenue less expenses$18,625,685
XI-6 Donated services and use of facilities$126,343
XI-9 Other changes in net assets$50,848,748
XI-10 Net assets at end of year$69,600,776

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

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