Edsource INC EIN 94-2434900

Edsource INC FY2023 filing

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Distributes trustworthy and useful information about public education. For fiscal year 2023 it reported $5.7M in revenue, $3.7M in expenses, and $6.2M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Oakland, CA
Website
edsource.org
Filings
6 on file (2020–2023)
Revenue
$5.7MFY2023
Expenses
$3.7M
Net assets
$6.2M
People
17
Filings
6
Updates
0
More identity details & actions ⌄
EIN  94-2434900 Public charity (501(c)(3)) Oakland, CA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Figures match the IRS filing checked 8/31/26 · see original: IRS
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Size
$1–10M
What they do
Distributes trustworthy and useful information about public education.
Leadership
Anne Vasquez · Chief Executive Officer · $245K
Money in and out
$5.7M revenue, $3.7M expenses
Bottom line
77% program efficiency
Where the money goes · FY2023
Total revenue
$5.7M
Pt VIII · Ln 12
Total expenses
$3.7M
Pt IX · Ln 25
Net assets
$6.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2.0M
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.17 Fundraising $0.06
Program efficiency
77%
of spending reaches programs
Operating runway
15.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+36%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$5.7M
FY2023▲ +73%
Expenses
$3.7M
FY2023▲ +5%
Total assets
$7.5M
FY2023▲ +51%
Total liabilities
$1.3M
FY2023▲ +24%
Total revenue
$5.7M
Pt VIII · Ln 12
Total expenses
$3.7M
Pt IX · Ln 25
Net assets
$6.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2.0M
Total assetsPt X · Ln 16$7.5M
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

3 program services account for $2.9M of program spending, described in the organization's own filed words · FY2022.
01

Produces timely daily reports on key education challenges facing california and the nation.

$2.4Mprogram expense
02

Produces digital content, podcasts, videos and roundtables on major education issues, such as early childhood education, parent engagement, and financial aid

$243Kprogram expense
03

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.

$200Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEdsource INC
EINHdr · item D94-2434900
Principal addressHdr · item COakland, CA
WebsiteHdr · item Jedsource.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B20E)
Ruling yearIRS BMFOct 1978

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Chief Executive Officer
$244,992Pt VII · Sec A
Editor-At-Large
$154,334Pt VII · Sec A
Investigations and Project
$120,788Pt VII · Sec A
Investigative Reporter
$117,361Pt VII · Sec A
Director of Operations
$116,907Pt VII · Sec A
Director of Comm. & Partnerships
$114,422Pt VII · Sec A
Digital Comm & Community Engagement Mgr
$112,303Pt VII · Sec A
Director
$0Pt VII · Sec A

Anne Vasquez’s $186K as Former Chief Executive Officer is at the 79th percentile of top reported officer pay among 3393 $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

NameFY2025FY2024FY2023FY2022FY2021FY2020
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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Statement of Revenue

Part VIII
Contributions & grants$5.6M · 97%
Program service revenue$118K · 2%
Contributions & grants97%$5.6M
Program service revenue2%$118K
Investment income$27K
Other revenue$483
— government grantsLn 1e$430K
Total revenueLn 12$5.7M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.17 Fundraising $0.06
Program services77%$2.9M
Management & general17%$628K
Fundraising6%$211K
Total functional expensesLn 25$3.7M

Balance Sheet

Part X · end of year
CashLn 1$1.6M
Total assetsLn 16$7.5M
Total liabilitiesLn 26$1.3M
Total net assetsLn 32$6.2M
Months of cash on handcomputed5.2

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4.7M · Operating expenses/yr $3.7M
15.1 months
Where the money goes
Program services
Program services $2.9M · Total expenses $3.7M
77%
Management & General
Management & general $628K · Total expenses $3.7M
17%
Fundraising
Fundraising $211K · Total expenses $3.7M
6%
Cost to raise $1
Fundraising expense (3-yr avg) $184K · Solicited contributions (3-yr avg) $4.1M
$0.04 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $5.6M · Total revenue $5.7M
97%
Government reliance
Government grants $430K · Total revenue $5.7M
8%
Earned-income share
Program service revenue $118K · Total revenue $5.7M
2%
Investment reliance
Investment income $27K · Total revenue $5.7M
+0.5%
Program self-sufficiency
Program service revenue $118K · Total expenses $3.7M
3%
Growth & trend
Revenue growth (YoY)
This year $5.7M · Prior year $3.3M
+73%
Net-asset trend (YoY)
End of year $6.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $5.7M · Expenses $3.7M
+36%
Liabilities-to-Assets
Total liabilities — · Total assets $7.5M
Net-asset ratio
Net assets $6.2M · Total assets $7.5M
83%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $3.0M · Other securities (Pt X, ln 12) $95K · Total assets (Pt X, ln 16) $7.5M
41%
People & payroll
Highest Reported Total Compensation
Individual Anne Vasquez · Reported title CHIEF EXECUTIVE OFFICER · Highest reported compensation $245K · Total expenses $3.7M
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2.9M · Total expenses $3.7M
79%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 17%
Fundraising cost ratio 4%
Revenue growth 73%
Investment management fee ratio 0.3%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$512

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$2.7M revenue · ⤓ 990 PDF
FY2024$3.8M revenue · ⤓ 990 PDF
FY2023$5.7M revenue · viewing · ⤓ 990 PDF
FY2022$3.3M revenue · ⤓ 990 PDF
FY2021$4.6M revenue · ⤓ 990 PDF
FY2020$2.3M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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