Ed3 Galaxy FY2023 filing

Tax-deductible

New York, NY501(c)(3)EducationEIN 88-1958940

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Ed3 dao aims to upskill 1 million educators in emerging technologies to promote more efficacious, engaging, and sustainable teaching and learning practices. The main activities include: 1) creating courses for educator professional development, 2) facilitating a community of practice and free workshops for educators, and 3) research and development of alternative learning models and hosting the Ed3 summit to share learnings.

501(c)(3) charity; gifts are tax-deductible.
44¢ of each $1 spent went to programs.
$30K 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
3 of 3
filings with a surplus
Average surplus $305K a year · 59% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
44%
of spending
Concern: 44% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$30K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $500K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 2 voting members
Fine: 1 of 2 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$267K
+8% vs prior year
Spent
$177K
To programs
44%
Net assets
$187K
By yearFY2022–FY2024
Revenue
$267K
FY2023▲ +8%
Revenue by fiscal year
FY2022$248K
FY2023$267K
FY2024$1.0M
Expenses
$177K
FY2023▲ +19%
Expenses by fiscal year
FY2022$148K
FY2023$177K
FY2024$319K
Net assets
$187K
FY2023▲ +93%
Net assets by fiscal year
FY2022$97K
FY2023$187K
FY2024$923K

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 Jun 2022.

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

Where the money goes

44 cents of each dollar spent went to programs.

Program services 44% · $77K Management & general 56% · $99K

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

2 people listed on the 990; $30K paid to officers and key staff.

Part VII, Section A · reportable compensation
Vice President
$30,006Pt VII · Sec A
President
$0Pt VII · Sec A

Vriti Saraf’s $103K as President is at the 34th percentile of top reported officer pay among 3395 $1–10M 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022
Vriti Saraf$103,329—$27,803
Michael Peck—$30,006$27,803
Michael Cohen the Tech Rabbi LLC——$27,803

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 Ed3 Galaxy executive salaries →

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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

Trains educators in new technologies to improve teaching and learning.

Provided by the organization

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3 programs · $77K · in their own filed words · FY2023
01

ED3 summit -we host an annual virtual summit in a custom avatar-based environment where educators can choose their own learning adventure around emerging technologies and share ideas with one another.

$39Kprogram expense
02

Ed3 Courses

ED3 courses are online, asynchronous courses for educators about emerging technologies. In 2023, we helped 1,750 educators learn about emerging technologies and distributed 5,249 continuing education units. This program serves as the main facilitator of our mission and generates revenue for the non-profit's sustainability.

$23Kprogram expense
03

Ed3 Community and Events

We have facilitated over 100 free events in 2023 through this program and served over 5,000 educators globally in learning about emerging technologies. Our community of practice engaged over 1,200 educators globally, where over 10,000 messages were exchanged between learners.

$15Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$500K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$267K
Ln 12
Fees for servicesLn 2g$188K
Gifts and grantsLn 1h$79K
Money outPt IX
$177K
Ln 25
Programscol B$77K
Managementcol C$99K
Owns and owesPt X
$187K
net assets · Ln 32
Cash and savingsLn 1–2$84K
Total assetsLn 16$187K
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A1
Voting boardVI 1a2
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$79K
Government grantsLn 1e$0
Noncash giftsLn 1g$79K
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$188K
Total revenueLn 12$267K
Assets in detailPt X, end of year
CashLn 1$84K
Cash and savings togetherLn 1–2$84K
InvestmentsLn 11–13$102K
Total assetsLn 16$187K
LiabilitiesLn 26$0
Net assetsLn 32$187K
OperationsPt I, VI
EmployeesI 51
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$82K$84K
InvestmentsLn 11–13$15K$102K
Total assetsLn 16$97K$187K
LiabilitiesLn 26$0$0
Net assetsLn 32$97K$187K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$2K$2K
Pay of current officers, directors and key staffLn 5$30K$13K$17K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$135K$57K$77K
TravelLn 17$902$902
InsuranceLn 23$457$457
Other expenses (24a–d)Ln 24$6K$4K$2K$0
Total functional expensesLn 25$177K$77K$99K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.0M$319K$725K$923K 990 PDF
FY2023 Viewing $267K$177K$90K$187K 990 PDF
FY2022 $248K$148K$99K$97K 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 (5 parts)
Part I · Summary $266,626 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $234,697$78,717
I-9 Program service revenuePrior year $9,286$187,909
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $3,802$0
I-12 Total revenuePrior year $247,785$266,626
I-13 Grants and similar amounts paidPrior year $0$2,400
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$30,006
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $148,316$144,229
I-18 Total expensesPrior year $148,316$176,635
I-19 Revenue less expensesPrior year $99,469$89,991
Part VIII · Statement of revenue $266,626 across 10 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$78,717
VIII-1g Noncash contributions (included above)$78,717
VIII-1h Total contributions, gifts and grants$78,717
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $187,909 · Unrelated business $0 · Excluded from tax $0$187,909
VIII-12 Total revenueRelated to mission $187,909 · Unrelated business $0 · Excluded from tax $0$266,626
Part IX · Statement of functional expenses $176,635 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $2,400$2,400
IX-5 Pay of current officers, directors and key staffPrograms $12,808 · Management $17,198$30,006
IX-11c Accounting feesManagement $2,641$2,641
IX-11g Other fees for servicesPrograms $57,413 · Management $77,097$134,510
IX-17 TravelPrograms $902$902
IX-23 InsuranceManagement $457$457
IX-24 Other expenses (24a–d)Programs $3,797 · Management $1,922 · Fundraising $0$5,719
IX-25 Total functional expensesPrograms $77,320 · Management $99,315 · Fundraising $0$176,635
Part X · Balance sheet $186,704 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $82,109$84,424
X-13 Program-related investmentsStart of year $14,604$102,280
X-16 Total assetsStart of year $96,713$186,704
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $96,713$186,704
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $96,713$186,704
X-33 Total liabilities and net assetsStart of year $96,713$186,704
Part XI · Reconciliation of net assets $186,704 net assets at year end
XI-1 Total revenue$266,626
XI-2 Total expenses$176,635
XI-3 Revenue less expenses$89,991
XI-4 Net assets at start of year$96,713
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$186,704

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

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