Education Matters Inc
- Assets
- $5.7m
- Revenue
- $597.4k
- Investments
- -$86.2k
- Employees
- 15
- Location
- Cincinnati, OH
- Founding
- 01/1972
- Data as of
- 06/2021
- EIN
- 23-7121512
Organization Overview
Education Matters Inc is located in Cincinnati, OH. The organization was established in 1972. As of 06/2021, Education Matters Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Education Matters Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Education Matters Inc generated $597.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $744.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION MATTERS' MISSION IS TO INSPIRE LEARNING AND STRENGTHEN OUR COMMUNITY BY REMOVING BARRIERS TO EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EDUCATION FORWARD PROGRAM IS DESIGNED TO MEET STUDENTS WHERE THEY ARE TO MOVE THEIR EDUCATION FORWARD. THE PROGRAM RECOGNIZES THAT EARNING A GED IS A KEY STEP IN ENTERING THE WORKFORCE, COLLEGE, OR A TRAINING PROGRAM. THE GOAL IS TO HELP STUDENTS RE-ENGAGE IN EDUCATION, ADVANCE GRADE LEVELS, SUCCEED IN EARNING A GED, AND MOVE FORWARD IN THEIR COLLEGE OR CAREER AMBITIONS. EDUCATION FORWARD OFFERS BOTH ONE-ON-ONE AND CLASS INSTRUCTION TO MEET THE NEEDS OF DIFFERING LEARNING STYLES.
THE ENGLISH CONNECTION PROGRAM PROVIDES A SAFE, ACCEPTING ENVIRONMENT THAT SERVES NOT ONLY AS AN ENGLISH FOR SPEAKERS OF OTHER LANGUAGES PROGRAM, BUT ALSO AS A BRIDGE INTO THE COMMUNITY AT LARGE BY PROVIDING THE TOOLS FOR COMMUNICATION NECESSARY TO ACCESS EMPLOYMENT, ESSENTIAL SERVICES, AND SAFE HOUSING. THE OVERARCHING GOAL OF THE ENGLISH CONNECTION PROGRAM IS TO PROVIDE A SAFE, WELCOMING ENVIRONMENT WHERE OUR STUDENTS CAN LEARN NECESSARY ENGLISH SKILLS AND BE EMPOWERED TO ENGAGE AND EXCHANGE DIALOGUE WITHIN THEIR COMMUNITY. WE KNOW THAT OUR COMMUNITY AND CITY IS ONLY STRENGTHENED BY OUR GROWING IMMIGRANT POPULATION, AND WE BELIEVE THAT PROVIDING ACCESS TO LEARNING SKILLS THAT ALLOW EFFECTIVE AND CONFIDENT COMMUNICATION IS A BASIC HUMAN RIGHT.
THE URBAN APPALACHIAN COMMUNITY COALITION (UACC) IS A PROJECT SUPPORTED BY EDUCATION MATTERS TO RAISE AWARENESS OF THE URBAN APPALACHIAN COMMUNITY IN GREATER CINCINNATI. UACC PERFORMS RESEARCH AND CONDUCTS EDUCATION PROGRAMMING ON CULTURAL AWARENESS AND APPALACHIAN HISTORY. EDUCATION MATTERS SPONSORS THIS PROJECT TO HONOR AND PROMOTE OUR HISTORY AS AN ORGANIZATION FOUNDED BY URBAN APPALACHIANS IN LOWER PRICE HILL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Delaney Executive Director | Officer | 20 | $76,346 |
Emily Eskridge CFO | Officer | 20 | $66,922 |
Matt Strange President | OfficerTrustee | 2 | $0 |
Matt Good Vice President | OfficerTrustee | 1 | $0 |
Melissa Young Secretary | OfficerTrustee | 1 | $0 |
Aisha Jordan Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $115,133 |
| All other contributions, gifts, grants, and similar amounts not included above | $329,507 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $444,640 |
| Total Program Service Revenue | $94,102 |
| Investment income | $77,678 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$25,130 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $597,390 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $95,929 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $160,012 |
| Compensation of current officers, directors, key employees. | $9,578 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $191,797 |
| Pension plan accruals and contributions | $10,692 |
| Other employee benefits | $12,155 |
| Payroll taxes | $33,711 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,484 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,448 |
| Advertising and promotion | $2,565 |
| Office expenses | $10,516 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $82,061 |
| Travel | $278 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $281 |
| Interest | $33,256 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,374 |
| Insurance | $9,252 |
| All other expenses | $0 |
| Total functional expenses | $744,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,043 |
| Savings and temporary cash investments | $224,450 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $92,018 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,316,800 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,942 |
| Net Land, buildings, and equipment | $101,079 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | -$86,171 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,685,161 |
| Accounts payable and accrued expenses | $24,165 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,292,400 |
| Total liabilities | $2,316,565 |
| Net assets without donor restrictions | $3,313,596 |
| Net assets with donor restrictions | $55,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,685,161 |
Grants Awarded
Over the last fiscal year, Education Matters Inc has awarded $95,929 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Norwood, OH PURPOSE: Research and education programming on cultural awareness and Appalachian history. | $73,872 |
Cincinnati, OH PURPOSE: Help students earning a GED and help those who are learning english as a second language to access employment, essential services, and safe housing. | $22,057 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Education Matters Inc has recieved totaling $91,519.
| Awarding Organization | Amount |
|---|---|
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $48,000 |
John A Schroth Family Charitabletrust Pittsburgh, PA PURPOSE: ENGLISH CONNECTION | $20,000 |
Dollar General Literacy Foundation Goodlettsville, TN PURPOSE: ADULT LITERACY | $10,000 |
Elsa M Heisel Sule Charitable Trust Ft Mitchell, KY PURPOSE: PROGRAM SUPPORT | $7,500 |
Wohlgemuth Herschede Foundation Rolling Meadows, IL PURPOSE: PROGRAM SUPPORT | $5,000 |
Agnes Nordloh Charitable Trust Cincinnati, OH PURPOSE: PROMOTE CHARITABLE PURPOSE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Literacy Pittsburgh Pittsburgh, PA | $5,314,823 | $5,305,120 |
Community Learning Center Philadelphia, PA | $0 | $1,706,278 |
Delaware County Literacy Council Chester, PA | $1,024,864 | $1,448,020 |
Literacy Center Of West Michigan Grand Rapids, MI | $635,854 | $1,470,651 |
Chester County Opportunities Industrialization Center Coatesville, PA | $1,013,841 | $1,688,281 |
Education Matters Inc Cincinnati, OH | $5,685,161 | $597,390 |
Read For Literacy Inc Toledo, OH | $844,458 | $386,599 |
Adult Literacy Lawrence County New Castle, PA | $54,905 | $209,570 |
Clark County Literacy Coalition Springfield, OH | $129,317 | $207,951 |
Chester County Night School West Chester, PA | $242,347 | $72,361 |
The Capital Region Literacy Council Harrisburg, PA | $101,431 | $0 |