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 12/2019, Strada Education Network Inc employed 168 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, Strada Education Network Inc generated $160.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 26.4% each year . All expenses for the organization totaled $100.5m during the year ending 12/2019. While expenses have increased by 14.0% per year over the past 5 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 590 individual grants totaling $118,335,796. 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

2019

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE OVERSIGHT AND DIRECTION OVER THE POLICIES, PROGRAMS, AND ACTIVITIES OF ROADTRIP NATION, LTD., COUNCIL FOR ADULT AND EXPERIENTIAL LEARNING, AND DXTERA INSTITUTE, INC. TO PURSUE THEIR MISSION TO ENHANCE POSTSECONDARY EDUCATION PREPAREDNESS, ACCESS, AND SUCCESS. STRADA EDUCATION NETWORK, INC. PROVIDES GRANTS TO PUBLIC CHARITIES, INCLUDING POSTSECONDARY EDUCATIONAL INSTITUTIONS, TO PURSUE THE MISSIONS OF ITS SUPPORTED ORGANIZATIONS, INCLUDING WORK RESEARCH AND THE DELIVERY OF SERVICES IN FURTHERANCE OF "COMPLETION WITH A PURPOSE," DEFINED AS ENHANCING PREPARATION FOR, ACCESS TO, AND SUCCESS IN POSTSECONDARY EDUCATION, INCREASING THE PERCENTAGE OF STUDENTS WHO FINISH WHAT THEY START IN COLLEGE OR OTHER POSTSECONDARY PROGRAMS, AND ENSURING A SMOOTHER TRANSITION FROM EDUCATION TO EMPLOYMENT IN THE 21ST CENTURY GLOBAL WORKFORCE.

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 ROADTRIP NATION, LTD., COUNCIL FOR ADULT AND EXPERIENTIAL LEARNING, AND DXTERA INSTITUTE, INC.


STRADA EDUCATION NETWORK, INC. PROVIDES GRANTS TO PUBLIC CHARITIES, INCLUDING POSTSECONDARY EDUCATIONAL INSTITUTIONS, TO PURSUE THE MISSIONS OF ITS SUPPORTED ORGANIZATIONS, INCLUDING, WORK RESEARCH AND THE DELIVERY OF SERVICES IN FURTHERANCE OF "COMPLETION WITH A PURPOSE," DEFINED AS ENHANCING PREPARATION FOR, ACCESS TO, AND SUCCESS IN POSTSECONDARY EDUCATION, INCREASING THE PERCENTAGE OF STUDENTS WHO FINISH WHAT THEY START IN COLLEGE OR OTHER POSTSECONDARY PROGRAMS, AND ENSURING A SMOOTHER TRANSITION FROM EDUCATION TO EMPLOYMENT IN THE 21ST CENTURY GLOBAL WORKFORCE.


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Board, Officers & Key Employees

Name (title)Compensation
William Hansen
President & CEO
$1,637,005
Carol D'amico
Evp Miss Adv & Phil
$624,519
Thomas Dawson
Evp & COO
$622,113
Larry Lutz
Evp, Corp Dev
$600,835
Scott Fleming
Evp, Chief Cpo
$590,726
Erin Roth
Evp Legal, Gc & Corp Secretary
$536,714

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Heart And Mind Strategies Llc
Consulting Services
$775,857
The Cicero Group Lp
Consulting Services
$528,931
Gokart Labs Llc
Digital Services
$1,260,142
Gallup Inc
Data Analysis Services
$2,089,920
Anderson Kill Pc
Legal Fees
$466,611
View All Vendors

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$87,120,164
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$87,120,164
Total Program Service Revenue$0
Investment income $16,356,293
Tax Exempt Bond Proceeds $0
Royalties $15,721
Net Rental Income $16,000
Net Gain/Loss on Asset Sales $54,678,087
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $160,940,145

Grants Awarded

Over the last fiscal year, Strada Education Network Inc has awarded $37,685,899 in support to 118 organizations.

Grant RecipientAmount

EDUCATION AT WORK INC

PURPOSE: LOAN FORGIVENESS AND MATCHING GRANT

$15,857,962

ROADTRIP NATION LTD

Org PageRecipient Profile

Costa Mesa, CA

PURPOSE: LOAN FORGIVENESS AND MATCHING GRANT

$7,733,637

AMERICAN COUNCIL ON EDUCATION

Org PageRecipient Profile

Washington, DC

PURPOSE: OPERATING GRANT

$1,686,420

Boston, MA

PURPOSE: OPERATING GRANT

$1,000,000

INDIANA DEPARTMENT OF WORKFORCE DEVELOPMENT

PURPOSE: OPERATING GRANT

$1,000,000

JACKIE ROBINSON FOUNDATION INC

Org PageRecipient Profile

New York, NY

PURPOSE: DIRECTED GIFT; OPERATING GRANT

$842,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Strada Education Network Inc has recieved totaling $87,128,499.

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.

$87,120,164
Ahla Foundation Inc

Washington, DC

PURPOSE: RESEARCH AND CAREER DEVELOPMENT

$8,335
View Grant Recipient Profile

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