Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1978.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
77 cents of each dollar spent went to programs.
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; $981K paid to officers and key staff.
Anne Vasquez’s $186K as Former Chief Executive Officer is at the 78th 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 · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Louis Freedberg | — | — | — | $174,519 | $293,281 | $293,411 |
| Anne Vasquez | $185,533 | $272,819 | $244,992 | $163,312 | $154,493 | — |
| Stephanie T Nguyen | $151,747 | $163,562 | $116,907 | — | — | — |
| John Fensterwald | $156,029 | $161,796 | $154,334 | $153,176 | $135,668 | $149,210 |
| Rose Ciotta | — | $129,064 | $120,788 | $114,368 | $111,520 | $113,013 |
| Thalia Henderson | $123,765 | $124,200 | — | — | — | — |
| Denise Zapata | — | — | — | $117,595 | $113,689 | $121,698 |
| Thomas Christopher Peele | $114,148 | $119,716 | $117,361 | $107,072 | — | — |
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
Distributes trustworthy and useful information about public education.
Questions for Edsource INC
Your first name shows with your question. Edsource INC answers here, for everyone.
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Produces timely daily reports on key education challenges facing california and the nation.
Produces digital content, podcasts, videos and roundtables on major education issues, such as early childhood education, parent engagement, and financial aid
Key organization in the education data partnership, which offers data on schools, districts and state level issues in a user-friendly forms; convenes statewide conversations on key education policies, such as the educators network for effective school discipline.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.2M | $1.6M |
| InvestmentsLn 11–13 | $2.3M | $3.1M |
| Land, buildings, equipmentLn 10c | $23K | $18K |
| Total assetsLn 16 | $5.0M | $7.5M |
| LiabilitiesLn 26 | $1.0M | $1.3M |
| Net assetsLn 32 | $3.9M | $6.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $455K | $307K | $89K | $59K |
| Other salaries and wagesLn 7 | $1.9M | $1.6M | $208K | $70K |
| Other employee benefitsLn 9 | $372K | $259K | $74K | $39K |
| Payroll taxesLn 10 | $193K | $193K | ||
| Accounting feesLn 11c | $68K | $68K | ||
| Investment management feesLn 11f | $20K | $20K | ||
| Other fees for servicesLn 11g | $312K | $189K | $99K | $24K |
| Office expensesLn 13 | $17K | $9K | $5K | $4K |
| Information technologyLn 14 | $96K | $80K | $9K | $7K |
| OccupancyLn 16 | $188K | $151K | $30K | $7K |
| TravelLn 17 | $37K | $22K | $14K | $587 |
| Depreciation, depletion and amortizationLn 22 | $5K | $5K | ||
| InsuranceLn 23 | $8K | $6K | $1K | $322 |
| Other expenses (24a–d)Ln 24 | $16K | $6K | $10K | $325 |
| Total functional expensesLn 25 | $3.7M | $2.9M | $628K | $211K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $2.7M | $4.1M | −$1.4M | $5.2M | 990 PDF |
| FY2024 | $3.8M | $4.2M | −$356K | $6.3M | 990 PDF |
| FY2023 Viewing | $5.7M | $3.7M | $2.0M | $6.2M | 990 PDF |
| FY2022 | $3.3M | $3.5M | −$227K | $3.9M | 990 PDF |
| FY2021 | $4.6M | $3.7M | $951K | $4.5M | 990 PDF |
| FY2020 | $2.3M | $3.2M | −$847K | $3.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $5,735,643 revenue, 12 lines filed
Part VI · Governance 10 of 10 board members independent, no flags
Part VIII · Statement of revenue $5,735,643 across 8 lines filed
Part IX · Statement of functional expenses $3,699,444 across 14 lines filed
Part X · Balance sheet $7,492,365 assets, 17 lines filed
Part XI · Reconciliation of net assets $6,215,633 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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