2024-02-12T11:45:57-06:00 2023-06-30 450250958 EIDE BAILLY LLP 10681 FOOTHILL BLVD STE 300 RANCHO CUCAMONGA CA 917303831 990 2022-07-01 942434900 EDSOURCE INC EDSO 5104330421 436 14TH STREET 310 OAKLAND CA 94612 ANNE VASQUEZ CHIEF EXECUTIVE OFFICER 5104330421 2024-02-09 1 ANNE VASQUEZ 999009999 1 CATHERINE L GRAY CPA P01294460 9094664410 2024-02-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANNE VASQUEZ 436 14TH STREET 310 OAKLAND CA 94612 5805133 0 X EDSOURCE.ORG X 1977 CA TO DISTRIBUTE TRUSTWORTHY AND USEFUL INFORMATION ON PUBLIC EDUCATION 10 10 29 10 0 0 3143927 5589831 112100 118480 46491 26849 3650 483 3306168 5735643 0 0 0 0 2747897 2932390 0 0 210518 785566 767054 3533463 3699444 -227295 2036199 4976526 7492365 1027886 1276732 3948640 6215633 X FOUNDED IN 1977, EDSOURCE USES NEW COMMUNICATIONS TOOLS TO DISTRIBUTE TRUSTWORTHY AND USEFUL INFORMATION ON PUBLIC EDUCATION THAT CONTRIBUTES TO A MORE ENGAGED PUBLIC AND TO MORE EFFECTIVE POLICIES THAT ENHANCE STUDENT SUCCESS IN CALIFORNIA AND NATIONALLY. 1 0 2417702 6480 PRODUCES TIMELY DAILY REPORTS ON KEY EDUCATION CHALLENGES FACING CALIFORNIA AND THE NATION. 243436 483 PRODUCES DIGITAL CONTENT, PODCASTS, VIDEOS AND ROUNDTABLES ON MAJOR EDUCATION ISSUES, SUCH AS EARLY CHILDHOOD EDUCATION, PARENT ENGAGEMENT, AND FINANCIAL AID 199694 112000 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. 2860832 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 41 0 1 29 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 1 1 1 1 0 CA X ANNE VASQUEZ 5104330421 436 14TH STREET 310 OAKLAND CA 94612 DARIN BRAWLEY AUDIT COMMITTEE CHAIR 2.00 X X 0 0 0 MOLLY MCGEE HEWITT TREASURER - FINANCE COMMITTEE CHAIR 2.00 X X 0 0 0 JOEL VARGAS PRESIDENT 2.00 X X 0 0 0 CHRISTOPHER CABALDON DIRECTOR 2.00 X 0 0 0 MUFADDAL EZZY DIRECTOR 2.00 X 0 0 0 JANNELLE KUBINEC VICE PRESIDENT- SECRETARY 2.00 X X 0 0 0 AL MIJARES DIRECTOR 2.00 X 0 0 0 DON SHALVEY DIRECTOR 2.00 X 0 0 0 ROWENA TOMANENG DIRECTOR 2.00 X 0 0 0 SHEREEN WALTER DIRECTOR 2.00 X 0 0 0 ANNE VASQUEZ CHIEF EXECUTIVE OFFICER 40.00 X 244992 0 36164 JOHN FENSTERWALD EDITOR-AT-LARGE 40.00 X 154334 0 24856 ROSE CIOTTA INVESTIGATIONS AND PROJECT 40.00 X 120788 0 17679 STEPHANIE T NGUYEN DIRECTOR OF OPERATIONS 40.00 X 116907 0 21085 ANDREW K KLEIN-REED DIGITAL COMM & COMMUNITY ENGAGEMENT MGR 40.00 X 112303 0 1440 SMITA PATEL DIRECTOR OF COMM. & PARTNERSHIPS 40.00 X 114422 0 17307 THOMAS CHRISTOPHER PEELE INVESTIGATIVE REPORTER 40.00 X 117361 0 16812 981107 0 135343 10 0 1 0 0 430499 5159332 5589831 CONTRACT REVENUE 900099 118480 118480 118480 76334 76334 20005 69490 -49485 -49485 -49485 OTHER INCOME 900099 483 483 483 5735643 118963 0 26849 454971 306565 89044 59362 1912154 1634207 208260 69687 371822 258693 74456 38673 193443 193443 67924 67924 19865 19865 312060 189364 98865 23831 16882 8637 4657 3588 96020 79808 8841 7371 188058 150950 30336 6772 36892 21968 14337 587 4953 4953 8060 6448 1290 322 MISCELLANEOUS 16340 5796 10219 325 3699444 2860832 628094 210518 2161203 1606646 410000 1950922 1856 40238 18168 89673 71825 22801 17848 2242528 2958086 92361 94776 7395 844063 4976526 7492365 240463 216126 362500 187500 424923 0 873106 1027886 1276732 X 3298902 3910545 649738 2305088 3948640 6215633 4976526 7492365 2036199 230794 0 X 0 1 X 0 0 X 2950026 2150074 4399265 3143927 5598994 18242286 255329 125850 124500 112100 118480 736259 3205355 2275924 4523765 3256027 5717474 18978545 0 0 0 18978545 89439 52573 56717 66381 76334 341444 89439 52573 56717 66381 76334 341444 5 483 488 3294794 2328497 4580487 3322408 5794291 19320477 0.98230 0.98310 0.01770 0.01690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 89673 71825 17848 17848 DEPOSITS 7395 OPERATING LEASE RIGHT OF USE ASSETS 836668 844063 OPERATING LEASES LIABILITY 873106 873106 X 5955735 230794 9163 239957 5715778 19865 19865 5735643 3688742 9163 9163 3679579 19865 19865 3699444 PART X, LINE 2: THE ORGANIZATION HAS ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740 THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN AND PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF, BASED ON ITS MERITS, THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT BY THE TAXING AUTHORITIES. MANAGEMENT BELIEVES THAT ALL TAX POSITIONS TAKEN TO DATE ARE HIGHLY CERTAIN, AND, ACCORDINGLY, NO ACCOUNTING ADJUSTMENT HAS BEEN MADE TO THE FINANCIAL STATEMENTS. INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS ARE RECORDED AS PART OF THE INCOME TAX EXPENSE, IF APPLICABLE. X X 0 0 0 0 0 0 0 0 0 ANNE VASQUEZ CHIEF EXECUTIVE OFFICER 231492 0 13500 0 0 0 0 0 36164 0 281156 0 0 0 JOHN FENSTERWALD EDITOR-AT-LARGE 150834 0 3500 0 0 0 18365 0 6491 0 179190 0 0 0 FORM 990, PART III, LINE 2 EDSOURCE ALSO RECENTLY ANNOUNCED A NEW PARTNERSHIP WITH DISTRIBUTED MEDIA LAB (DML) TO CREATE THE CALIFORNIA EDUCATION NEWS NETWORK WITH FUNDING FROM THE GOOGLE NEWS INITIATIVE FORM 990, PART VI, SECTION A, LINE 1A LINE 1A EXPLANATION - FINANCE COMMITTEE OVERSEES FINANCIAL AND TAX REPORTING. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - DRAFT COPY REVIEWED BY THE AUDIT COMMITTEE CHAIR AND QUESTIONS ADDRESSED PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY IS DISCUSSED AT THE 1ST BOARD MEETING OF EACH YEAR AND EACH BOARD MEMBER SIGNS AN ACKNOWLEDGEMENT THAT THEY WILL COMPLY WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE EXECUTIVE OFFICER SALARIES ARE OBTAINED FROM SIMILAR ORGANIZATION 990 FORMS. THE BOARD PRESIDENT ALONG WITH THE BOARD EXCECUTIVE COMMITTEE SET THE EXECUTIVE DIRECTOR SALARY AFTER CONSIDERING INFORMATION GATHERED. COMPARABLE EXECUTIVE OFFICER SALARIES ARE OBTAINED FROM SIMILAR ORGANIZATION 990 FORMS. THE BOARD PRESIDENT ALONG WITH THE BOARD EXCECUTIVE COMMITTEE SET THE EXECUTIVE OFFICER SALARY AFTER CONSIDERING INFORMATION GATHERED. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AVAILABLE AT OFFICE UPON REQUEST.