Strada Collaborative INC FY2022 filing

Indianapolis, INUnknown exempt organizationSince 2021EIN 86-1250084Revenue $76.9M in FY2022

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.

61¢ of each $1 spent went to programs.
$3.3M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990-TIndependent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990-T
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
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.3M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
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
$15.0M
26% of total assets
Looks good: liabilities are 26% 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
$76.9M
+113% vs prior year
Spent
$79.3M
To programs
61%
Net assets
$43.0M
By yearFY2021–FY2023
Revenue
$76.9M
FY2022▲ +113%
Tap a bar for its year
Revenue by fiscal year
FY2021$36.1M
FY2022$76.9M
FY2023$74.4M
Expenses
$79.3M
FY2022▲ +353%
Tap a bar for its year
Expenses by fiscal year
FY2021$17.5M
FY2022$79.3M
FY2023$127.8M
Net assets
$43.0M
FY2022▼ -38%
Tap a bar for its year
Net assets by fiscal year
FY2021$69.6M
FY2022$43.0M
FY2023$0

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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

61 cents of each dollar spent went to programs.

Program services 61% · $48.5M Management & general 33% · $26.0M Fundraising 6% · $4.8M

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

16 people listed on the 990-T; $3.3M paid to officers and key staff.

Part VII, Section A · reportable compensation
President - Itk
$518,893Pt VII · Sec A
President - Eaw
$460,753Pt VII · Sec A
President - Rtn
$423,398Pt VII · Sec A
President - Cael
$380,733Pt VII · Sec A
$365,878Pt VII · Sec A
$335,441Pt VII · Sec A
Chief Development Officer
$326,433Pt VII · Sec A
Avp, Partner Success
$281,124Pt 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 · $48.5M · in their own filed words · FY2022
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…

$28.2Mprogram 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.

$18.5Mprogram 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.

$1.9Mprogram 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 · 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 FY2022 990-T, line by line.

1The main four
Money in
$76.9M
Fees for services$55.1M
Gifts and grants$21.4M
Other income$396K
Money out
$79.3M
Programs$48.5M
Management$26.0M
Fundraising$4.8M
Owns and owes
$43.0M
net assets
Cash and savings$5.5M
Total assets$58.0M
Liabilities$15.0M
People
16
listed
Paid9
Voting board4
Independent0
2In more detail
Revenue in detail
Gifts and grants$21.4M
Government grants$3.8M
Fees for services$55.1M
Other income$396K
Total revenue$76.9M
Assets in detailEnd of year
Cash and savings together$5.5M
Total assets$58.0M
Liabilities$15.0M
Net assets$43.0M
Operations
Employees1,330
Volunteers0
Fiscal year endsDecember
Conflict-of-interest policyYes
Whistleblower policyYes
Records policyYes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $74.4M$127.8M−$53.4M$0 990 PDF
FY2022 Viewing $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 R · Related orgs G · Fundraising L · Interested persons

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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