Strada Education Network Inc
- Assets
- $1.6b
- Revenue
- $160.9m
- Investments
- $1.0b
- Employees
- 168
- Location
- Indianapolis, IN
- Founding
- 05/2015
- Data as of
- 12/2019
- EIN
- 47-3044430
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.
Form
990
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Hansen President & CEO | OfficerTrustee | 34 | $1,637,005 |
Carol D'amico Evp Miss Adv & Phil | Officer | 39 | $624,519 |
Thomas Dawson Evp & COO | Officer | 32 | $622,113 |
Larry Lutz Evp, Corp Dev | Officer | 30 | $600,835 |
Scott Fleming Evp, Chief Cpo | Officer | 33 | $590,726 |
Erin Roth Evp Legal, Gc & Corp Secretary | Officer | 32 | $536,714 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Heart And Mind Strategies Llc Consulting Services | 12/30/19 | $775,857 |
The Cicero Group Lp Consulting Services | 12/30/19 | $528,931 |
Gokart Labs Llc Digital Services | 12/30/19 | $1,260,142 |
Gallup Inc Data Analysis Services | 12/30/19 | $2,089,920 |
Anderson Kill Pc Legal Fees | 12/30/19 | $466,611 |
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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $38,381,383 |
| Grants and other assistance to domestic individuals. | $15,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,957,609 |
| Compensation of current officers, directors, key employees. | $7,957,609 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,555,372 |
| Pension plan accruals and contributions | $257,763 |
| Other employee benefits | $4,274,556 |
| Payroll taxes | $1,070,035 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,638,430 |
| Fees for services: Accounting | $562,268 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,608,733 |
| Fees for services: Other | $11,128,395 |
| Advertising and promotion | $4,229,328 |
| Office expenses | $94,843 |
| Information technology | $1,742,435 |
| Royalties | $0 |
| Occupancy | $2,215,746 |
| Travel | $1,493,455 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $167,249 |
| Interest | $65,044 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $990,681 |
| Insurance | $359,990 |
| All other expenses | $3,635 |
| Total functional expenses | $100,525,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $50,501,511 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,868,813 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,448,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,265 |
| Net Land, buildings, and equipment | $3,762,674 |
| Investments—publicly traded securities | $218,908,693 |
| Investments—other securities | $1,042,245,882 |
| Investments—program-related | $199,286,258 |
| Intangible assets | $1,561,258 |
| Other assets | $4,847,559 |
| Total assets | $1,559,443,913 |
| Accounts payable and accrued expenses | $15,536,369 |
| Grants payable | $17,505,928 |
| 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 | $16,740,514 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,689,779 |
| Total liabilities | $55,472,590 |
| Net assets without donor restrictions | $1,503,971,323 |
| Net assets with donor restrictions | $0 |
| 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 | $1,559,443,913 |
Grants Awarded
Over the last fiscal year, Strada Education Network Inc has awarded $37,685,899 in support to 118 organizations.
| Grant Recipient | Amount |
|---|---|
EDUCATION AT WORK INC PURPOSE: LOAN FORGIVENESS AND MATCHING GRANT | $15,857,962 |
Costa Mesa, CA PURPOSE: LOAN FORGIVENESS AND MATCHING GRANT | $7,733,637 |
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 |
New York, NY PURPOSE: DIRECTED GIFT; OPERATING GRANT | $842,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Strada Education Network Inc has recieved totaling $87,128,499.
| Awarding Organization | Amount |
|---|---|
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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rotary International Evanston, IL | $181,478,013 | $105,865,106 |
Strada Education Network Inc Indianapolis, IN | $1,559,443,913 | $160,940,145 |
International Association Of Lions Clubs Oak Brook, IL | $163,705,655 | $88,779,554 |
Hunger Task Force Inc Milwaukee, WI | $24,286,431 | $33,888,372 |
Kiwanis International Inc Indianapolis, IN | $35,135,841 | $19,358,192 |
Chinese American Service League Inc Chicago, IL | $14,141,474 | $14,796,199 |
East Missouri Action Agency Inc Park Hills, MO | $6,331,954 | $12,242,240 |
Options In Community Living Inc Madison, WI | $5,130,946 | $13,977,206 |
Gateway Community Services West Liberty, KY | $2,621,734 | $12,139,613 |
Peoples Resource Center Wheaton, IL | $9,917,314 | $11,053,553 |
Hoosier Christian Village Inc St Louis, MO | $24,285,430 | $9,852,963 |
Sinai Community Institute Inc Chicago, IL | $8,271,782 | $4,745,516 |