Strada Education Network Inc

Organization Overview

Strada Education Network Inc is located in Indianapolis, IN. The organization was established in 2015. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Strada Education Network Inc employed 132 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Strada 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 12/2020, Strada Education Network Inc generated $181.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $80.2m during the year ending 12/2020. While expenses have increased by 7.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Strada Education Network Inc has awarded 884 individual grants totaling $155,544,364. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

STRADA EDUCATION NETWORK, INC. SUPPORTS PROGRAMS, POLICIES, AND ORGANIZATIONS THAT STRENGTHEN CONNECTIONS BETWEEN EDUCATION AND EMPLOYMENT IN THE U.S., WITH A SPECIAL FOCUS ON HELPING THOSE WHO HAVE FACED THE GREATEST CHALLENGES SECURING OPPORTUNITY THROUGH POSTSECONDARY EDUCATION OR TRAINING. STRADA EDUCATION NETWORK, INC. ADVANCES THIS MISSION THROUGH FINANCIAL AND IN-KIND SUPPORT OF STRADA COLLABORATIVE, INC. AND GRANTS TO OTHER PUBLIC CHARITIES WITH A COMPLEMENTARY MISSION (E.G., POSTSECONDARY EDUCATIONAL INSTITUTIONS), AS WELL AS THROUGH RESEARCH, COMMUNICATIONS, CONVENINGS, MISSIONALIGNED INVESTMENTS, AND OTHER ACTIVITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

STRADA EDUCATION NETWORK, INC. WAS INCORPORATED AS A 501(C)(3) ORGANIZATION. ADDITIONALLY, STRADA EDUCATION NETWORK, INC. IS A 509(A)(3) SUPPORTING ORGANIZATION TO STRADA COLLABORATIVE, INC. AND A CLASS OF OTHER PUBLICLY SUPPORTED ORGANIZATIONS WHOSE PURPOSES AND ACTIVITIES ARE CONSISTENT WITH THE EXEMPT PURPOSES OF STRADA COLLABORATIVE, INC.


STRADA EDUCATION NETWORK, INC. PROVIDES GRANTS TO PUBLIC CHARITIES, INCLUDING POSTSECONDARY EDUCATIONAL INSTITUTIONS, TO PURSUE THE MISSIONS OF ITS SUPPORTED ORGANIZATIONS, INCLUDING, RESEARCH AND THE DELIVERY OF SERVICES TO IMPROVE LIVES BY FORGING CLEARER AND MORE PURPOSEFUL PATHWAYS BETWEEN EDUCATION AND EMPLOYMENT.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
The Cicero Group Lp
Consulting Services
$672,019
Gallup Inc
Data Analysis Services
$772,050
Heart And Mind Strategies Llc
Consulting Services
$606,375
Taft Stettinius & Hollister Llp
Legal Fees
$469,946
Concentrical Llc
Consulting Services
$495,100
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$63,929,683
Investment income $15,635,127
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $40,000
Net Gain/Loss on Asset Sales $101,718,911
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $181,933,523

Grants Awarded

Over the last fiscal year, Strada Education Network Inc has awarded $20,558,545 in support to 144 organizations.

Grant RecipientAmount

STRADA COLLABORATIVE INC

Org PageRecipient Profile

Indianapolis, IN

PURPOSE: MATCHING GRANT

$1,931,262

Chicago, IL

PURPOSE: OPERATING GRANT

$1,612,500

ROADTRIP NATION LTD

Org PageRecipient Profile

Indianapolis, IN

PURPOSE: MATCHING GRANT

$1,586,002

New York, NY

PURPOSE: OPERATING GRANT

$1,500,000

JEFFERSON EDUCATION EXCHANGE INC

Org PageRecipient Profile

Arlington, VA

PURPOSE: OPERATING GRANT

$500,000

HAWAII EXECUTIVE COLLABORATIVE

Org PageRecipient Profile

Honolulu, HI

PURPOSE: OPERATING GRANT

$485,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Strada Education Network Inc has recieved totaling $66,090,349.

Awarding OrganizationAmount
Ascendium Education Solutions Inc

Madison, WI

PURPOSE: support their philanthropic efforts pursuant to the December 6, 2016 transfer of ownership of United Student Aid Funds and Northwest Education Loan Association from USA Funds (now Strada) to Ascendium.

$66,090,349
View Grant Recipient Profile

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