2024-01-15T15:29:49-06:00 2023-06-30 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2022-07-01 811823628 EDUCATION FORWARD DC EDUC 2028705259 641 S STREET NW 300 WASHINGTON DC 20001 BISI OYEDELE CHIEF EXECUTIVE OFFICER 2028705259 2023-12-12 1 BISI OYEDELE 999009999 0 FRANK H SMITH P00639053 2022274000 2023-12-12 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BISI OYEDELE 641 S STREET NW 300 WASHINGTON DC 20001 33136881 0 X WWW.EDFORWARDDC.ORG X 2016 DC TO SUPPORT EDUCATION LEADERS AS THEY STRIVE TO CREATE HIGH-QUALITY, EQUITABLE DC PUBLIC SCHOOLS. 7 6 21 9 0 0 25933844 4635738 0 648 58000 331139 0 0 25991844 4967525 8753000 10186767 0 0 2944000 2921014 0 0 687357 1651935 1666409 13348935 14774190 12642909 -9806665 28133967 17641749 1337326 582490 26796641 17059259 EDUCATION FORWARD DC (ED FORWARD DC) WORKS TO MAKE SURE EVERY DC STUDENT THRIVES BY SUPPORTING AND ADVANCING HIGH-QUALITY AND EQUITABLE EDUCATIONAL EXPERIENCES THAT ENSURE EVERY STUDENT EXCELS. 0 0 7635866 6365017 642 SCHOOLS AND TALENT - TO ACCELERATE INNOVATION AND IMPROVEMENT IN D.C.'S EDUCATION SYSTEM, ED FORWARD DC SUPPORTS A PORTFOLIO OF SCHOOLS DESIGNED TO SERVE AT-RISK AND SPECIAL EDUCATION STUDENTS WELL AND HUMAN CAPITAL ORGANIZATIONS TO ENSURE THAT SCHOOLS HAVE GREAT TEACHERS AND LEADERS. 4771414 3821750 ADVOCACY AND PUBLIC ENGAGEMENT - ED FORWARD DC BELIEVES THAT EDUCATION POLICIES SHOULD SUSTAIN D.C.'S PROGRESS THAT CREATE THE CONDITIONS UNDER WHICH GREAT SCHOOLS CAN OPEN AND GROW. SCHOOLS SHOULD REFLECT THE CITYWIDE DIVERSITY OF STUDENT NEEDS AND INTERESTS SO THAT EVERY STUDENT CAN GROW. 961074 OTHER PROGRAMS 13368354 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 38 0 1 21 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MD NC NY VA X VICKI KOUSSOGLOU 2028705259 641 S STREET NW 300 WASHINGTON DC 20001 MAURA MARINO CEO UNTIL 09/2022; SR. ADVISOR UNTIL 03/2023 40.00 X X 278744 0 20329 BISI OYEDELE MANAGING PARTNER UNTIL 09/2022; CEO AS OF 09/2022 40.00 X X 256361 0 17996 REV DR KENDRICK E CURRY CHAIR 1.00 X X 0 0 0 ABIGAIL SMITH SECRETARY 1.00 X X 0 0 0 JOSH EDELMAN TREASURER UNTIL 06/2023 1.00 X X 0 0 0 KEVIN BORGMANN DIRECTOR AS OF 12/2022 1.00 X 0 0 0 PATRICK DOBARD DIRECTOR AS OF 06/2023 1.00 X 0 0 0 THALY GERMAIN DIRECTOR 1.00 X 0 0 0 MARLON MARSHALL DIRECTOR UNTIL 06/2023 1.00 X 0 0 0 SHIVAM MALLICK SHAH DIRECTOR 1.00 X 0 0 0 ARIANA QUINONES DIRECTOR UNTIL 11/2022 1.00 X 0 0 0 FONDA SUTTON PARTNER, PUBLIC ENGAGEMENT 40.00 X 185748 0 16687 MARGIE YEAGER PART ADVC UNTIL 9/2022; MANAG.PARTN. AS OF 9/2022 40.00 X 176417 0 17270 ERIN SHEEHY PARTNER, EXTERNAL RELATIONS 40.00 X 182347 0 9384 SHALINI SHYBUT PARTNER, SCHOOLS UNTIL 01/2023 40.00 X 181022 0 8370 SEAN O'NEILL CHIEF STRATEGY OFFICER UNTIL 08/2022 40.00 X 125245 0 10641 VICKI KOUSSOGLOU CHIEF OPERATING OFFICER 40.00 X 165938 0 15937 MATTHEW NOCELLA SENIOR MANAGER, COMMUNICATIONS 40.00 X 123506 0 14151 MICHAEL DELGADO SENIOR MANAGER, DEVELOPMENT 40.00 X 122415 0 14151 1797743 0 144916 10 0 1 0 0 4635738 4635738 PROGRAM SERVICES REVENUE 900099 648 648 648 357366 357366 28143129 28169356 -26227 -26227 -26227 4967525 648 0 331139 10186767 10186767 1366332 761435 137083 467814 1214559 945725 164931 103903 44397 33740 7174 3483 117851 80325 28831 8695 177875 122581 21203 34091 13327 13327 93051 93051 615320 399062 216258 26848 16358 2591 7899 60187 39468 5852 14867 145840 96767 17171 31902 26664 19982 4910 1772 84824 81488 32 3304 2192 1455 258 479 SERVICE CONTRACTS 545236 545236 INTERNAL TEAM MEETINGS 22108 14669 2603 4836 PROFESSIONAL DEVELOPMEN 19155 13810 1870 3475 OTHER PROGRAMMATIC EXPE 7038 6944 94 0 4619 2542 1240 837 14774190 13368354 718479 687357 769391 832704 750078 459 9480235 5429367 818 50134 45630 16146960 11197844 937169 134927 28133967 17641749 329380 182096 676250 250000 331696 150394 1337326 582490 X 13833308 5754017 12963333 11305242 26796641 17059259 28133967 17641749 -9806665 69283 0 X 0 1 X 1 0 X 11962378 16834350 11750569 25933844 4635738 71116879 11962378 16834350 11750569 25933844 4635738 71116879 26666555 44450324 227040 164398 44178 56400 357366 849382 71966261 648 0.61770 0.64270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 OPERATING LEASE LIABILITY 150394 150394 X 5036808 69283 69283 4967525 0 4967525 14774190 0 14774190 0 14774190 PART X, LINE 2: FOR THE YEAR ENDED JUNE 30, 2023, NO PROVISION FOR INCOME TAXES WAS MADE, AS ED FORWARD DC HAD NO NET UNRELATED BUSINESS INCOME AND DID NOT IDENTIFY ANY UNCERTAINTY IN INCOME TAXES REQUIRING RECOGNITION OR DISCLOSURE IN THESE FINANCIAL STATEMENTS. 1 PAVE INC 1616 P STREET NW SUITE 120 WASHINGTON DC 20036 812330119 501(C)(3) 1265000 0 GENERAL OPERATIONS WASHINGTON LATIN PUBLIC CHARTER SCHOOL 5200 2ND ST NW WASHINGTON DC 20011 202395640 501(C)(3) 1138000 0 GENERAL OPERATIONS DC CHARTER SCHOOL ALLIANCE 1436 U ST NW WASHINGTON DC 20009 522035104 501(C)(3) 600000 0 GENERAL OPERATIONS DC INTERNATIONAL SCHOOL 1400 MAIN DRIVE NORTHWEST WASHINGTON DC 20012 461143189 501(C)(3) 489750 0 GENERAL OPERATIONS DC PUBLIC EDUCATION FUND 3407 14TH STREET NW WASHINGTON DC 20010 261607955 501(C)(3) 479563 0 GENERAL OPERATIONS URBAN INSTITUTE 500 LENFANT PLAZA SOUTHWEST WASHINGTON DC 20024 520880375 501(C)(3) 410000 0 GENERAL OPERATIONS KIPP DC 2600 VIRGINIA AVE NW WASHINGTON DC 20037 742974642 501(C)(3) 400000 0 GENERAL OPERATIONS WASHINGTON YU YING PUBLIC CHARTER SCHOOL 220 TAYLOR ST NE WASHINGTON DC 20017 204464054 501(C)(3) 388000 0 GENERAL OPERATIONS KINDRED INC PO BOX 96503 PMB 73621 WASHINGTON DC 20090 821473580 501(C)(3) 387500 0 GENERAL OPERATIONS TNTP 500 7TH AVENUE NEW YORK NY 10018 133850158 501(C)(3) 368267 0 GENERAL OPERATIONS CITYBRIDGE EDUCATION 600 NEW HAMPSHIRE AVE NW WASHINGTON DC 20037 813516887 501(C)(3) 350000 0 GENERAL OPERATIONS SURGE INSTITUTE 935 W CHESTNUT ST STE 515 CHICAGO IL 60642 471995566 501(C)(3) 350000 0 GENERAL OPERATIONS LEARN CHARTER SCHOOL NETWORK 3021 WEST CARROLL AVENUE CHICAGO IL 60612 364439074 501(C)(3) 275000 0 GENERAL OPERATIONS DC POLICY CENTER 1310 L STREET NW WASHINGTON DC 20005 822380479 501(C)(3) 230000 0 GENERAL OPERATIONS MUNDO VERDE BILINGUAL PUBLIC CHARTER SCHOOL 30 P STREET NW WASHINGTON DC 20001 262569958 501(C)(3) 225000 0 GENERAL OPERATIONS DIGITAL PIONEERS ACADEMY 709 12TH ST SE WASHINGTON DC 20003 815111613 501(C)(3) 214750 0 GENERAL OPERATIONS EDUCATION REFORM NOW 325 GOLD ST STE 201 BROOKLYN NY 11201 203687838 501(C)(3) 200000 0 GENERAL OPERATIONS EDUCATION PIONEERS INC EDUCATION PIONEERS 386 FORE STREET SUITE 304 PORTLAND ME 04101 770602311 501(C)(3) 185000 0 GENERAL OPERATIONS APPLETREE INSTITUTE FOR EDUCATION INNOVATION INC 415 MICHIGAN AVE NE WASHINGTON DC 20017 043331760 501(C)(3) 150000 0 GENERAL OPERATIONS WASHINGTON REGIONAL ASSOCIATION OF GRANTMAKERS 1400 16TH STREET NW WASHINGTON DC 20036 521756853 501(C)(3) 150000 0 GENERAL OPERATIONS BELLWETHER EDUCATION PARTNERS 517 BOSTON POST ROAD 171 SUDBURY MA 01776 261914515 501(C)(3) 137500 0 GENERAL OPERATIONS FRIENDSHIP PUBLIC CHARTER SCHOOL 1400 FIRST STREET NW WASHINGTON DC 20001 582398964 501(C)(3) 125000 0 GENERAL OPERATIONS GLOBAL CITIZENS PUBLIC CHARTER SCHOOL 600 NEW HAMPSHIRE AVE NW FL 9 WASHINGTON DC 20037 843619772 501(C)(3) 125000 0 GENERAL OPERATIONS DC BILINGUAL PUBLIC CHARTER SCHOOL 33 RIGGS RD NE WASHINGTON DC 200112463 200412800 501(C)(3) 123750 0 GENERAL OPERATIONS SCHOOL LEADER LAB PO BOX 96503 PMB 40627 WASHINGTON DC 200906503 821581985 501(C)(3) 110000 0 GENERAL OPERATIONS DC WILDFLOWER PCS 413 L STREET SOUTHEAST WASHINGTON DC 20003 870961832 501(C)(3) 100000 0 GENERAL OPERATIONS EMPOWERK12 INC 800 MAINE AVE SW WASHINGTON DC 20024 473975155 501(C)(3) 100000 0 GENERAL OPERATIONS FEDERAL CITY COUNCIL 1310 L ST NW STE 325 WASHINGTON DC 200054383 530219643 501(C)(3) 100000 0 GENERAL OPERATIONS SCHOOLTALK INC 1301 CONNECTICUT AVE NW WASHINGTON DC 20036 753193473 501(C)(3) 100000 0 GENERAL OPERATIONS SPECIAL EDUCATION LEADER FELLOWSHIP 4640 S CARROLLTON AVE STE 100 NEW ORLEANS LA 701196085 832083196 501(C)(3) 94500 0 GENERAL OPERATIONS CHIEFS FOR CHANGE 1455 PENNSYLVANIA AVENUE NW WASHINGTON DC 20004 472373903 501(C)(3) 80000 0 GENERAL OPERATIONS ADVOCATES FOR JUSTICE AND EDUCATION INC 1200 G ST NW STE 725 WASHINGTON DC 20005 521989809 501(C)(3) 75000 0 GENERAL OPERATIONS CAMBIAR EDUCATION 4653 CARMEL MOUNTAIN ROAD SAN DIEGO CA 92130 813508420 501(C)(3) 75000 0 GENERAL OPERATIONS MARY'S CENTER FOR MATERNAL AND VHILD CARE INC 2333 ONTARIO ROAD NW WASHINGTON DC 200092627 521594116 501(C)(3) 75000 0 GENERAL OPERATIONS TEACH FOR AMERICA INC 25 BROADWAY ST NEW YORK NY 10004 133541913 501(C)(3) 75000 0 GENERAL OPERATIONS TRANSCEND INC PO BOX 83332 WOBURN MA 01813 300878820 501(C)(3) 65875 0 GENERAL OPERATIONS CAPITAL VILLAGE SCHOOLS 705 EDGEWOOD STREET NE WASHINGTON DC 20017 815043787 54000 0 GENERAL OPERATIONS BLACK SWAN ACADEMY 104 MICHIGAN AVE NE C23 WASHINGTON DC 20017 464244374 501(C)(3) 50000 0 GENERAL OPERATIONS LEE MONTESSORI PUBLIC CHARTER SCHOOL 3025 4TH STREET NE WASHINGTON DC 20017 454726453 501(C)(3) 50000 0 GENERAL OPERATIONS THE WILDFLOWER FOUNDATION 5500 NICOLLET AVENUE 19590 MINNEAPOLIS MN 55419 812826681 501(C)(3) 40000 0 GENERAL OPERATIONS DC PUBLIC CHARTER SCHOOL BOARD 3333 14TH ST NW STE 210 WASHINGTON DC 200102319 522116063 38000 0 GENERAL OPERATIONS EQUITY LAB 4828 ILLINOIS AVE WASHINGTON DC 20011 471809869 501(C)(3) 30000 0 GENERAL OPERATIONS THURGOOD MARSHALL ACADEMY 2427 MARTIN LUTHER KING JR AVE SE WASHINGTON DC 20020 522265744 501(C)(3) 27281 0 GENERAL OPERATIONS TWO RIVERS PUBLIC CHARTER SCHOOL INC 1227 4TH ST NE WASHINGTON DC 20002 412089357 501(C)(3) 27281 0 GENERAL OPERATIONS ELSIE WHITLOW STOKES PCS ELSIE WHITLOW STOKES COMMUNITY PCS WASHINGTON DC 20017 522094777 501(C)(3) 13500 0 GENERAL OPERATIONS EDUCATION BOARD PARTNERS 5609 WOOD WAY BETHESDA MD 20816 010974476 501(C)(3) 10000 0 GENERAL OPERATIONS EL HAYNES PUBLIC CHARTER SCHOOL 3600 GEORGIA AVENUE NW WASHINGTON DC 20010 200295905 501(C)(3) 9750 0 GENERAL OPERATIONS SOCIAL JUSTICE PUBLIC CHARTER SCHOOL 2202 15TH STREET NE WASHINGTON DC 20018 825082397 501(C)(3) 9750 0 GENERAL OPERATIONS STATESMEN COLLEGE PREPARATORY ACADEMY FOR BOYS PCS 4600 LIVINGSTON ROAD SE WASHINGTON DC 20032 821901942 501(C)(3) 9750 0 GENERAL OPERATIONS 47 2 PART I, LINE 2: ED FORWARD DC ISSUES GRANTS THAT ARE CONDITIONAL UPON MEETING SPECIFIC MILESTONES AS SPECIFIED IN EACH GRANT AGREEMENT. ED FORWARD DC DISBURSES FUNDS ONLY UPON SUCCESSFUL COMPLETION OF MILESTONES, OR IN SOME INSTANCES, WHERE THE SENIOR LEADERSHIP TEAM APPROVES A JUSTIFICATION MEMO EXPLAINING THE EXTENUATING CIRCUMSTANCES FOR THE LACK OF COMPLETING THE MILESTONES. ED FORWARD DC MONITORS THE USE OF ITS GRANTED FUNDS BY REQUIRING REGULAR REPORTING FROM THE GRANTEE ORGANIZATIONS. IN ADDITION, FOR ORGANIZATIONS WHO RECEIVE SIGNIFICANT GRANTS, ED FORWARD DC MAY ASSIGN ONE OF ITS LEADERS TO THE BOARD OF THE GRANTEE ORGANIZATION SUCH THAT S/HE CAN DIRECTLY MONITOR THE USE OF GRANTED FUNDS THROUGH PARTICIPATION IN REGULAR BOARD MEETINGS OF THE GRANTEE ORGANIZATION. X X X X 0 0 0 0 0 0 0 0 0 MAURA MARINO CEO UNTIL 09/2022; SR. ADVISOR UNTIL 03/2023 278744 0 0 0 0 0 11172 0 9157 0 299073 0 0 0 BISI OYEDELE MANAGING PARTNER UNTIL 09/2022; CEO AS OF 09/2022 256361 0 0 0 0 0 8256 0 9740 0 274357 0 0 0 FONDA SUTTON PARTNER, PUBLIC ENGAGEMENT 185748 0 0 0 0 0 7530 0 9157 0 202435 0 0 0 MARGIE YEAGER PART ADVC UNTIL 9/2022; MANAG.PARTN. AS OF 9/2022 176417 0 0 0 0 0 7530 0 9740 0 193687 0 0 0 ERIN SHEEHY PARTNER, EXTERNAL RELATIONS 182347 0 0 0 0 0 7427 0 1957 0 191731 0 0 0 SHALINI SHYBUT PARTNER, SCHOOLS UNTIL 01/2023 181022 0 0 0 0 0 7281 0 1089 0 189392 0 0 0 VICKI KOUSSOGLOU CHIEF OPERATING OFFICER 165938 0 0 0 0 0 6780 0 9157 0 181875 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B ED FORWARD DC HIRES AN INDEPENDENT CPA FIRM TO PREPARE THE FEDERAL FORM 990. AFTER PREPARATION, MANAGEMENT REVIEWS THE FEDERAL FORM 990 AND SUBMITS IT TO THE FINANCE COMMITTEE. ONCE ANY QUESTIONS OR CORRECTIONS ARE ADDRESSED FROM THE FINANCE COMMITTEE, THE FEDERAL FORM 990 IS THEN DISTRIBUTED TO THE FULL BOARD OF DIRECTORS. UPON THEIR REVIEW AND ACCEPTANCE, IT IS THEN FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ED FORWARD DC'S CHAIR AND CHIEF EXECUTIVE OFFICER ANNUALLY GATHERS AND EXAMINES ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENTS FROM THE BOARD OF DIRECTORS AND STAFF IN ORDER TO BE FAMILIAR WITH ALL BOARD MEMBERS AND THEIR ORGANIZATION AFFILIATIONS. SHOULD A CONFLICT OF INTEREST BE DISCOVERED, AN INTERESTED PERSON MAY MAKE A PRESENTATION AT A BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE OR SHE SHALL REFRAIN FROM VOTING OR OTHERWISE ATTEMPTING TO EXERT ANY INFLUENCE ON WHETHER ED FORWARD DC SHOULD PARTICIPATE OR NOT PARTICIPATE IN SUCH TRANSACTIONS AND SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS AND APPROVES COMPENSATION FOR THE CEO. DECISIONS ARE MADE USING COMPARABLE INFORMATION FROM SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS IN THE EDUCATION SECTOR. IN ADDITION, A COMPENSATION BENCHMARK STUDY FOR THE CEO IS COMMISSIONED EVERY THREE YEARS. THE CEO'S COMPENSATION IS REVIEWED AND APPROVED BY THE FULL BOARD AFTER THE FINANCE COMMITTEE APPROVES THE COMPENSATION. CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING FOR DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT ARE PERFORMED. COMPENSATION FOR OTHER LEADERSHIP TEAM MEMBERS IS REVIEWED ANNUALLY BY THE CEO BASED ON A COMPENSATION BENCHMARK STUDY EVERY THREE YEARS. FORM 990, PART VI, SECTION C, LINE 19 ED FORWARD DC MAKES THE PUBLIC DISCLOSURE VERSION OF THE FEDERAL FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. ED FORWARD DC'S POLICY WITH REGARDS TO MAKING ITS GOVERNING DOCUMENTS AVAILABLE IS IN COMPLIANCE WITH THE REQUIREMENTS ESTABLISHED BY STATE AND FEDERAL LAW.