Nonprofit · EIN 47-3044430
STRADA EDUCATION FOUNDATION INC
Tax-exempt · INDIANAPOLIS, IN 46204
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $207,660,821 | $180,502,322 | $27,158,499 | $1,837,044,236 | $76,901,907 | $1,760,142,329 |
| December 31, 2023 | 990 | $91,272,355 | $101,126,709 | -$9,854,354 | $2,098,503,918 | $56,138,058 | $2,042,365,860 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $14,671,218
- of which government grants
- $1,116,230
- Program service revenue
- $37,612,860
- Investment income
- $155,164,045
- Royalties
- $9,702
- Net rental income
- $79,838
- Net gain from sales of assets
- $120,760,913
- Other revenue
- $212,698
Expenses
- Grants and similar amounts paid
- $27,652,991
- Compensation of officers, directors and key employees
- $11,943,593
- Other salaries and wages
- $63,210,350
- Salaries, compensation and benefits (total)
- $92,698,459
- Professional fundraising fees
- $0
- Legal fees
- $1,204,226
- Accounting fees
- $568,046
- Occupancy
- $2,752,789
- Travel
- $3,557,490
- Depreciation
- $4,818,442
- Program services (functional)
- $91,388,896
- Management and general (functional)
- $84,890,352
- Fundraising (functional)
- $4,223,074
Balance sheet and other
- Total assets, start of year
- $2,098,503,918
- Total assets, end of year
- $1,837,044,236
- Total liabilities, end of year
- $76,901,907
- Net assets, end of year
- $1,760,142,329
- Land, buildings and equipment
- $6,129,530
- Publicly traded securities
- $271,319,663
- Net assets without donor restrictions
- $1,760,142,329
- Gross unrelated business income
- $3,902,100
- Gross receipts
- $557,766,330
- Employees
- 1,789
- Volunteers
- 0
- Year formed
- 2015
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHEN MORET | CEO & PRESIDENT Trustee or director, Officer | 40 | $1,353,225 | $153,749 |
| RUTH WATKINS | PRESIDENT, POSTSECONDARY EDUCATION Officer | 35 | $1,000,590 | $106,905 |
| LARRY LUTZ | EVP, CORPORATE DEVELOPMENT Officer | 39 | $673,733 | $82,485 |
| RHONDA POWELL | EVP, GEN COUNSEL & CORP SECRETARY Officer | 39 | $668,094 | $76,908 |
| THOMAS DAWSON | PRESIDENT, STRADA COLLABORATIVE Officer | 39 | $654,103 | $74,883 |
| MICHAEL AUSTIN | EVP, CFO, TREASURER Officer | 39 | $625,297 | $82,619 |
| DAVID CLAYTON | SVP, RESEARCH Highest-paid employee | 40 | $557,423 | $70,263 |
| JONATHAN FURR | SVP & CHIEF CLEAR OUTCOMES OFFICER Key employee | 40 | $544,734 | $68,468 |
| GABRIELLA GOMEZ | EVP, POLICY, ADVOCACY & COMMS Officer | 40 | $569,186 | $31,522 |
| JESSICA HINKLE | SVP, STRATEGIC INVESTMENTS Highest-paid employee | 40 | $499,859 | $68,027 |
| ARISTIDE COLLINS JR | EVP, CAO & CHIEF OF STAFF Officer | 40 | $514,605 | $43,953 |
| LEONARD GURIN | SVP, CASH & INVESTMENTS Key employee | 40 | $473,300 | $59,504 |
| THOMAS R ERTEL | SVP, CHIEF ACCOUNTING OFFICER Key employee | 40 | $488,745 | $40,692 |
| MICHELE CHANG | SVP, CHIEF STRATEGY OFFICER Key employee | 40 | $456,270 | $69,832 |
| MICHAEL MARRINER | PRESIDENT, ROADTRIP NATION Highest-paid employee | 40 | $479,461 | $38,909 |
21 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TERRY E HOLLOWAY | SVP, CHIEF HUMAN RESOURCES OFFICER Highest-paid employee | 40 | $447,546 | $64,857 |
| HEATHER MCKAY | SVP, EMP ENGMT/ED SFW (AS OF 2/24) Key employee | 40 | $440,809 | $60,483 |
| RUTH IDALENE BAUER | PRESIDENT, INSIDE TRACK Highest-paid employee | 40 | $451,217 | $27,848 |
| JUSTIN DRAEGER | SVP, AFFORDABILITY (AS OF 7/24) Key employee | 40 | $368,461 | $29,091 |
| CRAIG ROBINSON | SVP, QUALITY COACHING (AS OF 7/24) Key employee | 40 | $298,895 | $37,503 |
| LAURA LOVE | SVP, WRK-BASED LEARNING (AS OF 5/24) Key employee | 40 | $244,760 | $38,196 |
| BETH COBERT | PRES AFF & STRAT PSHPS (AS OF 11/24) Officer | 40 | $219,354 | $640 |
| MARLENE V COULIS | CHAIRMAN Trustee or director | 4 | $115,000 | $0 |
| ERNEST J NEWBORN II | BOARD MEMBER Trustee or director | 2 | $97,000 | $0 |
| GERARD J OLINGER | BOARD MEMBER Trustee or director | 2 | $97,000 | $0 |
| MIRIAM W STROUSE | BOARD MEMBER Trustee or director | 2 | $97,000 | $0 |
| NICOLE T JENKINS | BOARD MEMBER Trustee or director | 2 | $97,000 | $0 |
| SUREEL A CHOKSI | BOARD MEMBER Trustee or director | 2 | $97,000 | $0 |
| WADE T DYKE | BOARD MEMBER Trustee or director | 2 | $97,000 | $0 |
| AMINTA H BREAUX | BOARD MEMBER Trustee or director | 2 | $85,000 | $0 |
| ARDINE WILLIAMS | BOARD MEMBER Trustee or director | 2 | $85,000 | $0 |
| ERIK I MORENO | BOARD MEMBER Trustee or director | 2 | $85,000 | $0 |
| MICHAEL D KING | BOARD MEMBER Trustee or director | 2 | $85,000 | $0 |
| RUBEN M FLORES | BOARD MEMBER Trustee or director | 2 | $85,000 | $0 |
| SUSAN J ELLSPERMANN | BOARD MEMBER Trustee or director | 2 | $85,000 | $0 |
| THOMAS B MANGAS | BOARD MEMBER Trustee or director | 2 | $85,000 | $0 |
990 for the year ended December 31, 2023: 30 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHEN MORET | CEO & PRESIDENT Trustee or director, Officer | 40 | $1,260,958 | $141,439 |
| RUTH WATKINS | EVP, PRESIDENT POST ED Officer | 39 | $920,701 | $101,396 |
| LARRY LUTZ | SEC. (THRU 01/23)/EVP, CORP. DEV. Officer | 39 | $647,756 | $77,394 |
| MICHAEL AUSTIN | EVP, CFO & TREASURER Officer | 39 | $633,422 | $81,172 |
| THOMAS DAWSON | EVP Officer | 1 | $632,108 | $77,968 |
| RHONDA POWELL | EVP GEN COUN & CORP SEC (AS OF 1/23) Officer | 38 | $551,337 | $57,745 |
| DAVID CLAYTON | SVP, CONSUMER INSIGHTS Highest-paid employee | 40 | $518,518 | $68,562 |
| JESSICA HINKLE | SVP, STRATEGIC INVESTMENTS Highest-paid employee | 40 | $493,584 | $67,592 |
| COURTNEY MCBETH | SVP, CHIEF PROGRAM OFFICER Highest-paid employee | 40 | $469,568 | $63,606 |
| THOMAS R ERTEL | SVP & CAO Key employee | 40 | $479,601 | $39,794 |
| LEONARD GURIN | SVP, INVESTMENTS Key employee | 40 | $459,120 | $58,634 |
| TERRY HOLLOWAY | FORMER OFFICER Former | 1 | $437,531 | $63,352 |
| CHRISTOPHER MEYER | SVP, STRATEGY & INNOVATION Highest-paid employee | 40 | $422,618 | $58,787 |
| DARYL GRAHAM | FORMER OFFICER Former | 39 | $416,968 | $42,555 |
| GABRIELLA GOMEZ | EVP, POL, ADV & COMMS (AS OF 05/23) Officer | 40 | $409,427 | $663 |
| CHRISTOPHER MICHAEL BORTE | VP & CHIEF INFORMATION OFFICER Highest-paid employee | 40 | $353,214 | $50,199 |
| ARISTIDE COLLINS | CHIEF ADMIN. OFFICER (AS OF 08/23) Officer | 40 | $339,242 | $5,597 |
| WILLIAM HANSEN | FORMER OFFICER Former | 0 | $282,342 | $0 |
| MARLENE COULIS | CHAIRMAN Trustee or director | 4 | $115,954 | $0 |
| GERARD OLINGER | BOARD MEMBER Trustee or director | 2 | $97,000 | $0 |
| MIRIAM STROUSE | BOARD MEMBER Trustee or director | 2 | $97,000 | $0 |
| NICOLE JENKINS | BOARD MEMBER Trustee or director | 2 | $97,000 | $0 |
| SUREEL CHOKSI | BOARD MEMBER Trustee or director | 2 | $97,000 | $0 |
| WADE DYKE | BOARD MEMBER Trustee or director | 2 | $97,000 | $0 |
| WILLIAM NEALE | BOARD MEMBER Trustee or director | 2 | $85,969 | $0 |
| THOMAS MANGAS | BOARD MEMBER Trustee or director | 2 | $85,768 | $0 |
| ERNEST NEWBORN II | BOARD MEMBER Trustee or director | 2 | $85,663 | $0 |
| AMINTA BREAUX | BOARD MEMBER Trustee or director | 2 | $85,000 | $0 |
| ERIK MORENO | BOARD MEMBER Trustee or director | 2 | $85,000 | $0 |
| MICHAEL KING | BOARD MEMBER Trustee or director | 2 | $85,000 | $0 |
Address and contacts
- Address (IRS master file)
- 10 W MARKET ST STE 1100, INDIANAPOLIS, IN 46204-0074
- In care of
- % DAVID B BOODT
- Principal officer (990 for 2024)
- STEPHEN MORET, 10 WEST MARKET STREET SUITE 1100, INDIANAPOLIS, IN 46204
- Signed the 990
- STEPHEN MORET, PRESIDENT & CEO
- Phone
- (317) 806-1200
- Website
- WWW.STRADA.ORG
- Return prepared by
- DELOITTE TAX LLP
Mission
STRADA EDUCATION FOUNDATION, INC. ("STRADA") DEVELOPS AND SUPPORTS PROGRAMS, POLICIES, AND ORGANIZATIONS THAT STRENGTHEN CONNECTIONS BETWEEN EDUCATION AND OPPORTUNITY IN THE U.S., WITH A SPECIAL FOCUS ON HELPING THOSE WHO FACE THE GREATEST CHALLENGES SECURING OPPORTUNITY THROUGH POSTSECONDARY EDUCATION OR TRAINING. STRADA'S WORK IS GROUNDED IN FIVE FOCUS AREAS: CLEAR OUTCOMES, QUALITY COACHING, AFFORDABILITY, WORK-BASED LEARNING, AND EMPLOYER ALIGNMENT (THE "FOCUS AREAS").
Program accomplishments
- CATALYTIC GRANTMAKING: THROUGH ITS GRANTMAKING, STRADA EDUCATION FOUNDATION, INC. ("STRADA") PROVIDES CATALYTIC FUNDING FOR NONPROFIT ORGANIZATIONS, POSTSECONDARY EDUCATION INSTITUTIONS, AND WORKFORCE AND SKILLS-BASED EDUCATIONAL PROVIDERS THAT ADVANCE THE ORGANIZATION'S FOCUS AREAS AND CHARITABLE MISSION. IN 2024, STRADA MADE OVER 90 GRANTS ACROSS VARIOUS PROGRAMS, INCLUDING THE HBCU INITIATIVE, A $25M, MULTI-YEAR SERIES OF GRANTS DESIGNED TO SUPPORT SCHOLARSHIP AND LEADERSHIP DEVELOPMENT PROGRAMS FOR 450 STUDENTS AT 48 HISTORICALLY BLACK COLLEGES AND UNIVERSITIES ACROSS THE COUNTRY.Expenses $32,348,144 · grants $27,652,991
- ACTIONABLE RESEARCH: STRADA'S ACTIONABLE RESEARCH SEEKS TO PROVIDE THE PUBLIC AND INDUSTRY WITH INSIGHTS INTO WHAT LEARNERS NEED TO REALIZE THEIR CAREER GOALS AND WHAT EMPLOYERS NEED TO BUILD A ROBUST TALENT PIPELINE. IN 2024, STRADA LAUNCHED THE INAUGURAL STATE OPPORTUNITY INDEX, A PUBLICLY-AVAILABLE RESEARCH REPORT THAT HELPS STATES ASSESS HOW WELL THEY ARE CONNECTING EDUCATION TO OPPORTUNITY ACROSS ALL OF THE ORGANIZATION'S FOCUS AREAS. STRADA'S RESEARCH EFFORTS ALSO INCLUDE THE STRADA INSTITUTE FOR THE FUTURE OF WORK, A PROGRAM THAT DEVELOPS AND CONDUCTS RIGOROUS, FIELD-LEADING, PUBLICLY-AVAILABLE RESEARCH TO PROVIDE ACTIONABLE INSIGHTS ON HOW TO STRENGTHEN EDUCATIONAL PATHWAYS THAT LEAD TO ECONOMIC OPPORTUNITY FOR INDIVIDUALS AND RESPOND TO THE TALENT NEEDS OF EMPLOYERS.Expenses $4,383,777 · revenue $16,000
- POLICY AND ADVOCACY SOLUTIONS: STRADA ENGAGES DIRECTLY WITH POLICYMAKERS AND OTHER GOVERNMENT LEADERS AT STATE AND FEDERAL LEVELS TO IDENTIFY AND ADVANCE NONPARTISAN, EVIDENCE-BASED POLICIES DESIGNED TO STRENGTHEN PATHWAYS TO OPPORTUNITY FOR ALL LEARNERS. IN 2024, STRADA RELEASED ITS FIRST-EVER PUBLIC POLICY AGENDA. GROUNDED IN THE ORGANIZATION'S FOCUS AREAS, THE AGENDA PROVIDES A HOLISTIC APPROACH TO IMPROVING POLICY SO THAT ALL LEARNERS HAVE THE OPPORTUNITIES AND SUPPORT THEY NEED TO COMPLETE AN EDUCATION PATHWAY AND SUCCEED IN A MEANINGFUL CAREER.Expenses $10,332,423
- STRATEGIC INVESTMENTS: STRADA'S STRATEGIC INVESTMENTS PROGRAM MANAGES A PORTFOLIO OF MISSION-RELATED INVESTMENTS IN EARLY-STAGE COMPANIES AND FUND MANAGERS THAT DRIVE POSITIVE CHANGE IN THE EDUCATION-WORKFORCE SYSTEM AND ADVANCE THE ORGANIZATION'S CHARITABLE MISSION AND FOCUS AREAS.EDUCATION TO OPPORTUNITY PROGRAMS AND SERVICES THROUGH CREDLENS, LLC AND STRADA COLLABORATIVE, LLC.Expenses $44,324,552 · revenue $37,596,860
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-3044430
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S80)
- Assets (IRS master file)
- $1,837,044,236
- Income (IRS master file)
- $557,766,330
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $207,660,821 | $180,502,322 | $1,837,044,236 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $91,272,355 | $101,126,709 | $2,098,503,918 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $89,606,480 | $101,647,351 | $1,944,963,967 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-3044430).
Questions about STRADA EDUCATION FOUNDATION INC
- What is the EIN of STRADA EDUCATION FOUNDATION INC?
- The employer identification number (EIN) of STRADA EDUCATION FOUNDATION INC is 47-3044430.
- Is STRADA EDUCATION FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to STRADA EDUCATION FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does STRADA EDUCATION FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of STRADA EDUCATION FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did STRADA EDUCATION FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of STRADA EDUCATION FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names STEPHEN MORET.
- Who are the officers and directors of STRADA EDUCATION FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 36 people; 36 received compensation from the organization, the highest $1,353,225 (STEPHEN MORET, CEO & PRESIDENT).
- How much revenue does STRADA EDUCATION FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $207,660,821, expenses of $180,502,322 and total assets of $1,837,044,236 at year end.
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