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Nonprofit · EIN 52-1982223

EDUCATION TRUST INC

Tax-exempt · WASHINGTON, DC 20005

Financials

$33.1M$30.9M2022$30.4M$30.6M2023$33.2M$32.2M2024
Revenue Expenses · by fiscal year end
Financials of EDUCATION TRUST INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$33,239,997$32,195,593$1,044,404$77,134,809$15,471,600$61,663,209
June 30, 2024990$30,424,665$30,645,163-$220,498$75,287,885$15,953,900$59,333,985
June 30, 2023990$33,115,919$30,882,342$2,233,577$74,997,496$17,491,852$57,505,644
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$30,410,234
Program service revenue
$547,950
Investment income
$2,178,059
Net rental income
$4,800
Net gain from sales of assets
$1,105,494
Other revenue
$103,754

Expenses

Grants and similar amounts paid
$2,179,842
Compensation of officers, directors and key employees
$2,786,000
Other salaries and wages
$14,296,168
Salaries, compensation and benefits (total)
$20,761,627
Professional fundraising fees
$0
Legal fees
$25,074
Accounting fees
$149,200
Occupancy
$1,506,031
Travel
$852,729
Depreciation
$277,157
Program services (functional)
$30,120,079
Management and general (functional)
$1,305,603
Fundraising (functional)
$769,911

Balance sheet and other

Total assets, start of year
$75,287,885
Total assets, end of year
$77,134,809
Total liabilities, end of year
$15,471,600
Net assets, end of year
$61,663,209
Land, buildings and equipment
$1,862,601
Publicly traded securities
$40,817,218
Net assets without donor restrictions
$35,327,700
Net assets with donor restrictions
$26,335,509
Gross receipts
$60,138,695
Employees
206
Volunteers
25
Year formed
1996
State of legal domicile
DC

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Denise FortePresident & CEO
Trustee or director, Officer
37.5$485,763$24,810
Wil Del PilarSenior Vice President
Key employee
37.5$305,077$33,747
Christopher NellumExecutive Director, ETW
Key employee
37.5$253,704$30,356
Augustus MaysVP for Partnerships and Engagement
Key employee
37.5$222,300$38,133
Amber ArellanoExecutive Director, ETM
Key employee
37.5$215,760$36,794
Wendy ScottChief Financial Officer
Key employee
37.5$221,409$26,320
Claudia LujanChief of Staff
Key employee
37.5$212,004$29,554
Allison SocolVP, P-12 Policy, Research
Key employee
37.5$207,482$31,491
Rachel StalcupChief Development Officer
Key employee
37.5$211,623$16,764
Nicolle GraysonVP, Strategic Communications
Key employee
37.5$190,365$35,515
Carol HedgspethDeputy Director
Highest-paid employee
37.5$177,177$34,619
Lynn JenningsSenior Director
Highest-paid employee
37.5$174,436$34,373
Rachel RuffaloDeputy Director
Highest-paid employee
37.5$169,954$33,917
Brian RivasSenior Director
Highest-paid employee
37.5$179,396$22,271
Kevin ChappellExecutive Writer (Until 1/2025)
Highest-paid employee
37.5$164,587$23,892
10 more people on this return
NameTitleHours / weekCompensation
Lisa GelobterChair
Trustee or director, Officer
2$0
Jesse JacksonVice-Chair/Treasurer (Until 2/2025)
Trustee or director, Officer
2$0
Nadia Diaz FunnDirector
Trustee or director
1$0
Hanseul KangDirector
Trustee or director
1$0
Matthew McGuireDirector
Trustee or director
1$0
Christina NormanDirector
Trustee or director
1$0
Eric RodriguezDirector
Trustee or director
1$0
Malbert Smith III PhDDirector
Trustee or director
1$0
Tomeka Hart WiggintonDirector
Trustee or director
1$0
Eduardo Padron PhDDirector
Trustee or director
1$0
990 for the year ended June 30, 2024: 27 people
NameTitleHours / weekCompensationOther / benefits
Denise FortePresident & CEO
Trustee or director, Officer
37.5$471,915$23,400
Wilfredo Del PilarSenior Vice President
Key employee
37.5$292,282$32,794
Dia BryantExecutive Director, ETNY
Key employee
37.5$240,587$33,516
Christopher NellumExecutive Director, ETW
Key employee
37.5$222,630$28,113
Allison SocolVP, P-12 Policy, Research & Practice
Key employee
37.5$199,435$30,592
Amber ArellanoExecutive Director, ETM
Key employee
37.5$208,737$15,129
Claudia LujanChief of Staff
Key employee
37.5$197,523$25,148
Rachel StalcupChief Development Officer
Key employee
37.5$198,406$15,945
Lynn JenningsSenior Director
Highest-paid employee
37.5$178,621$34,164
Virginia Pupo-WalkerExecutive Director, ETTN
Key employee
37.5$187,031$24,363
Robin HarrisVP, Strategic Communications
Key employee
37.5$184,281$23,146
Carol HedgspethDeputy Director
Highest-paid employee
37.5$171,754$33,785
Nicolle GraysonVP, Strategic Communications
Highest-paid employee
37.5$169,995$29,323
Brian RivasSenior Director
Highest-paid employee
37.5$173,516$21,637
Kevin ChappellExecutive Writer
Highest-paid employee
37.5$158,612$23,233
Lisa GelobterChair
Trustee or director, Officer
2$0$0
Jose Luis CruzChair (JUL-OCT)
Trustee or director, Officer
2$0$0
Jesse JacksonVice Chair/Treasurer
Trustee or director, Officer
1$0$0
Yolie FloresSecretary
Trustee or director, Officer
1$0$0
Lisette NievesDirector
Trustee or director
1$0$0
Eduardo J PadronDirector
Trustee or director
1$0$0
Eric RodriguezDirector (FEB-JUN)
Trustee or director
1$0$0
Malbert Smith IIIDirector (FEB-JUN)
Trustee or director
1$0$0
Tomeka Hart WiggintonDirector (FEB-JUN)
Trustee or director
1$0$0
Nadia Diaz FunnDirector (JUN)
Trustee or director
1$0$0
Peter GroffDirector (JUL-OCT)
Trustee or director
1$0$0
Daniel R PorterfieldDirector (JUL-OCT)
Trustee or director
1$0$0
990 for the year ended June 30, 2023: 26 people
NameTitleHours / weekCompensationOther / benefits
DENISE FORTEPRESIDENT & CEO
Trustee or director, Officer
37.5$380,619$22,023
WILFREDO DEL PILARSENIOR VICE PRESIDENT
Key employee
37.5$293,855$32,096
DIA BRYANTEXECUTIVE DIRECTOR, ETNY
Key employee
37.5$224,898$31,361
CHRISTOPHER NELLUMEXECUTIVE DIRECTOR, ETW
Key employee
37.5$219,545$27,046
ROBIN HARRISVP, STRATEGIC COMMUNICATIONS
Key employee
37.5$208,489$26,098
AMBER ARELLANOEXECUTIVE DIRECTOR, ETMW
Key employee
37.5$213,042$15,343
CLAUDIA LUJANCHIEF OF STAFF
Key employee
37.5$199,208$22,447
LYNN JENNINGSSENIOR DIRECTOR
Highest-paid employee
37.5$182,555$33,102
RACHEL STALCUPCHIEF DEVELOPMENT OFFICER
Key employee
37.5$194,085$15,739
MARIA DARIECHIEF FINANCIAL OFFICER
Key employee
37.5$180,790$24,013
NATASHA USHOMIRSKYSTATE DIRECTOR FOR MASSACHUSETTS
Highest-paid employee
37.5$176,007$28,755
CAROL HEDGSPETHDEPUTY DIRECTOR
Highest-paid employee
37.5$170,463$32,359
ALLISON SOCOLVP, P12 POLICY, RESEARCH & PRACTICE
Key employee
37.5$166,126$31,907
BRIAN RIVASSENIOR DIRECTOR, POLICY & GOV. REL.
Highest-paid employee
37.5$172,960$20,987
JOHN B KING UNTIL 22023PRESIDENT
Trustee or director, Officer
37.5$173,953$18,788
NICOLLE GRAYSONSENIOR DIRECTOR, COMMUNICATIONS
Highest-paid employee
37.5$159,807$20,159
JOSE LUIS CRUZCHAIR
Trustee or director, Officer
2$0$0
JAMES FORMAN JR UNTIL 22023VICE CHAIR
Trustee or director, Officer
1$0$0
YOLIE FLORESSECRETARY
Trustee or director, Officer
1$0$0
JESSE JACKSONTREASURER
Trustee or director, Officer
1$0$0
LISA GELOBTERDIRECTOR
Trustee or director
1$0$0
PETER GROFFDIRECTOR
Trustee or director
1$0$0
MONIQUE IDLETT-MOSLEY UNTIL 22023DIRECTOR
Trustee or director
1$0$0
LISETTE NIEVESDIRECTOR
Trustee or director
1$0$0
EDUARDO J PADRONDIRECTOR
Trustee or director
1$0$0
DANIEL R PORTERFIELDDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
1501 K ST NW STE 200, WASHINGTON, DC 20005-1422
In care of
% THOMAS GILMER
Principal officer (990 for 2024)
Wendy Scott, 1501 K Street NW 200, Washington, DC 20005
Signed the 990
Wendy Scott, Chief Financial Officer
Phone
(202) 293-1217
Return prepared by
Aprio Advisory Group LLC

Mission

EdTrust is committed to advancing policies and practices to dismantle the racial and economic barriers embedded in the American education system. Through our research and advocacy, EdTrust improves equity in education from preschool through college, engages diverse communities dedicated to education equity and justice, and increases political and public will to build an education system where students will thrive.

990 for the year ended June 30, 2025

Program accomplishments

  • The P-12 Policy, Practice, and Research and Higher Education Policy and Research Teams work alongside educators, advocates, and policymakers to identify causes of the achievement gap and to promote the practices and policies for P-12 education, and work to ensure that students of color and students from low-income backgrounds have greater access to colleges and universities, and that those institutions make college affordable.
    Expenses $5,869,074 · grants $203,958 · revenue $54,539
  • The Partnerships and Engagement and Communications Teams engage policymakers and diverse coalitions of advocates in demanding and securing equity-advancing policy change at the national and state levels, publish research and analyses, and provide creative visual and digital voice through editorial and digital communications.
    Expenses $8,042,512 · grants $983,084 · revenue $262,881
  • EdTrust has 4 state offices: EdTrust-Midwest, EdTrust-New York, EdTrust-West, and EdTrust-Tennessee. The state offices advocate for educational justice and the high academic achievement of all students, pre-k through college, particularly students of color and students from low-income backgrounds, in their respective states.
    Expenses $16,208,493 · grants $992,800 · revenue $265,480

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
52-1982223
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
1997
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B90)
Assets (IRS master file)
$77,134,809
Income (IRS master file)
$60,138,695

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$33,239,997$32,195,593$77,134,809XML
990June 2024$30,424,665$30,645,163$75,287,885XML
990June 2023$33,115,919$30,882,342$74,997,496XML
990June 2022$28,594,144$26,204,976$60,384,663IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––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 52-1982223).

Questions about EDUCATION TRUST INC

What is the EIN of EDUCATION TRUST INC?
The employer identification number (EIN) of EDUCATION TRUST INC is 52-1982223.
Is EDUCATION TRUST INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
Are donations to EDUCATION TRUST INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does EDUCATION TRUST 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 EDUCATION TRUST INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did EDUCATION TRUST INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of EDUCATION TRUST INC?
The 990 for the year ended June 30, 2025 names Wendy Scott.
Who are the officers and directors of EDUCATION TRUST INC?
The 990 for the year ended June 30, 2025 lists 25 people; 15 received compensation from the organization, the highest $485,763 (Denise Forte, President & CEO).
How much revenue does EDUCATION TRUST INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $33,239,997, expenses of $32,195,593 and total assets of $77,134,809 at year end.

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