Up Education Network Inc
- Assets
- $3.2m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 47
- Location
- Dorchester, MA
- Founding
- 12/2010
- Data as of
- 06/2022
- EIN
- 27-2194956
Organization Overview
Up Education Network Inc is located in Dorchester, MA. The organization was established in 2010. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Up Education Network Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Up Education Network 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 06/2022, Up Education Network Inc generated $4.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $6.6m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Up Education Network Inc has awarded 41 individual grants totaling $4,052,721. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
UP EDUCATION NETWORK IS A SCHOOL TURNAROUND ORGANIZATION WHOSE MISSION IS TO RAPIDLY TRANSFORM CHRONICALLY UNDERPERFORMING DISTRICT SCHOOLS INTO EXTRAORDINARY SCHOOLS THAT SUSTAIN HIGH ACHIEVEMENT OVER TIME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UP EDUCATION NETWORK IS ONE OF THE FEW SCHOOL MANAGEMENT ORGANIZATIONS IN THE COUNTRY SUCCESSFULLY TACKLING THE CHALLENGES OF IN-DISTRICT SCHOOL TURNAROUND. UP HAS RESTARTED AND CONTINUES TO MANAGE THREE SCHOOLS IN BOSTON, SERVING 1,300 OF THE STATE'S HISTORICALLY UNDERSERVED STUDENTS. LOCAL SCHOOL DISTRICTS ARE A KEY PARTNER IN UP'S WORK TO TRANSFORM CHRONICALLY UNDERPERFORMING DISTRICT SCHOOLS INTO EXTRAORDINARY SCHOOLS. UP EDUCATION NETWORK IS A WINNER OF NEW SCHOOLS VENTURE FUND "EDUCATION REFORM ORGANIZATION OF THE YEAR" IN RECOGNITION OF OUR EXTRAORDINARY RESULTS. UP EDUCATION NETWORK SCHOOLS HAS HAD A SCHOOL RANKED #1 IN THE STATE OF MASSACHUSETTS IN STUDENT GROWTH FOR SOME SUBJECT OR SPECIAL POPULATION IN 2011, 2012, 2013, 2014, 2018, AND 2019, AND OUR SCHOOLS HAVE INCREASED PROFICIENCY RATES BY 2-3X WITHIN 2 YEARS OF TURNAROUND.UP'S RESULTS HAVE BEEN VALIDATED BY INDEPENDENT RESEARCHERS. A RECENT STUDY IN THE AMERICAN ECONOMIC REVIEW BY RESEARCHERS AT MIT FOUND THAT UP DELIVERS EXCEPTIONALLY LARGE, CAUSAL IMPACT FOR OUR STUDENTS IN BOTH MATH AND ELA. OUR STUDENTS WITH THE GREATEST NEED -- STUDENTS WITH LOW PRIOR YEAR PERFORMANCE, STUDENTS WITH DISABILITIES AND ENGLISH LANGUAGE LEARNERS, TEND TO SEE THE MOST GROWTH AT UP.UP EDUCATION NETWORK DELIVERS HIGH-QUALITY ACADEMIC AND OPERATIONAL SERVICES, MANAGES DISTRICT GOVERNANCE AND OTHER EXTERNAL STAKEHOLDER RELATIONSHIPS, AND SUPPORTS SCHOOL LEADERSHIP TEAMS IN FUNCTIONAL AREAS SUCH AS SPECIAL EDUCATION, ENGLISH LANGUAGE LEARNING, INNOVATION, AND TALENT MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Veronica Conforme CEO | Officer | 40 | $329,670 |
Mike Bower Chief Operating Officer | Officer | 40 | $163,781 |
Hillary Casson Chief Schools Officer | 40 | $158,894 | |
Deanna Vasilakis Chief Talent Officer | 40 | $144,488 | |
Christopher Byrnes Chief Financial Officer | Officer | 40 | $143,326 |
Julianna Morrall Chief Development Officer | 40 | $135,216 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Noble Story Group Executive Coaching | 6/29/22 | $105,325 |
Bellwether Education Partners Inc Strategic Planning | 6/29/22 | $103,330 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,757,349 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,757,349 |
| Total Program Service Revenue | $3,070,371 |
| Investment income | $4,765 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,839,856 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $228,846 |
| 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. | $704,023 |
| Compensation of current officers, directors, key employees. | $106,771 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,464,442 |
| Pension plan accruals and contributions | $27,477 |
| Other employee benefits | $379,785 |
| Payroll taxes | $312,467 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $79,508 |
| Fees for services: Accounting | $30,146 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $202,039 |
| Advertising and promotion | $0 |
| Office expenses | $78,036 |
| Information technology | $327,036 |
| Royalties | $0 |
| Occupancy | $121,411 |
| Travel | $59,718 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,891 |
| Insurance | $85,846 |
| All other expenses | $0 |
| Total functional expenses | $6,557,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,701,702 |
| Pledges and grants receivable | $5,000 |
| Accounts receivable, net | $247,580 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $120,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $57,139 |
| Net Land, buildings, and equipment | $42,144 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $73,370 |
| Total assets | $3,246,935 |
| Accounts payable and accrued expenses | $206,848 |
| Grants payable | $5,320 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $333,166 |
| 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 | $0 |
| Total liabilities | $545,334 |
| Net assets without donor restrictions | $2,676,601 |
| Net assets with donor restrictions | $25,000 |
| 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 | $3,246,935 |
Grants Awarded
Over the last fiscal year, Up Education Network Inc has awarded $189,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UP ACADEMY LEONARDOLIVER (LAWRENCE PUBLIC SCHOOLS) PURPOSE: SUPPORT SCHOOL OPERATIONS | $154,000 |
UP ACADEMY BOSTON PURPOSE: SUPPORT SCHOOL OPERATIONS | $23,000 |
Dorchester, MA PURPOSE: SUPPORT SCHOOL OPERATIONS | $12,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Up Education Network Inc has recieved totaling $1,087,700.
| Awarding Organization | Amount |
|---|---|
One8 Foundation Boston, MA PURPOSE: EDUCATION | $933,200 |
Wellington Management Foundation Boston, MA PURPOSE: See Part IV | $65,000 |
Mccance Foundation Tr North Scituate, MA PURPOSE: GENERAL SUPPORT | $50,000 |
Dinovi Family Foundation Wellesley, MA PURPOSE: UNRESTRICTED | $25,000 |
Up Education Network Inc Dorchester, MA PURPOSE: SUPPORT SCHOOL OPERATIONS | $12,000 |
Eastern Bank Charitable Foundation Lynn, MA PURPOSE: EXEMPT PURPOSE | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John A Coleman School Yonkers, NY | $5,649,439 | $19,245,814 |
Halo Network Inc Amityville, NY | $5,984,377 | $20,823,404 |
Ascend Learning Inc Brooklyn, NY | $10,949,837 | $20,246,927 |
Pike School Inc Andover, MA | $31,746,911 | $18,230,890 |
Workforce Development Corp New York, NY | $20,852,099 | $12,566,315 |
International School Of Brooklyn Brooklyn, NY | $6,521,944 | $15,095,239 |
Watershed Agricultural Council Of The New York City Watersheds Inc Walton, NY | $8,601,609 | $14,819,769 |
North Atlantic States Carpenters Labor Management Program Boston, MA | $29,841,142 | $12,688,057 |
Purpose Foundation Island Park, NY | $1,585,866 | $11,041,724 |
Together Education Inc New York, NY | $57,079,543 | $31,828,853 |
St Stephens School Corporation New York, NY | $22,745,119 | $12,506,958 |
Aids Community Resources Syracuse, NY | $5,910,589 | $11,647,992 |