Educational Developers Inc
- Assets
- $77.4m
- Revenue
- $623.6k
- Investments
- $67.2m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 07/2001
- Data as of
- 12/2021
- EIN
- 76-0660789
Organization Overview
Educational Developers Inc is located in Houston, TX. The organization was established in 2001. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Educational Developers 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 12/2021, Educational Developers Inc generated $623.6k 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 (33.2%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2021. 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
THE ENTITY IS ORGANIZED TO PROMOTE, SPONSOR, AND DONATE FUNDS TO EDUCATIONAL ORGANIZATIONS IN THE U.S. AND LATIN AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE AND SPONSOR EDUCATIONAL AND CHARITABLE ACTIVITIES IN THE U.S. AND LATIN AMERICA. DONATE FUNDS TO EDUCATIONAL ORGANIZATIONS WHICH ARE DESCRIBED IN REVENUE CODE SECTION 170(B)(1)(A)(II).
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 |
|---|---|---|---|
Hernan Jimenez Vice President | OfficerTrustee | 2 | $0 |
John Connor President | OfficerTrustee | 2 | $0 |
Jesus Villagrasa Vice President | OfficerTrustee | 2 | $0 |
Jose G Cardenas Treasurer | OfficerTrustee | 2 | $0 |
Andreas Schoggl Secretary | OfficerTrustee | 2 | $0 |
Frank Formolo Assistant Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $189,113 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $310,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $499,113 |
| Total Program Service Revenue | $0 |
| Investment income | $92,562 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,890 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $623,565 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,780,779 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,875 |
| Fees for services: Accounting | $1,764 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,750 |
| Fees for services: Other | $13,164 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $521,727 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,345,059 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,024,646 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,134,013 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $96 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,083,040 |
| Investments—other securities | $67,177,919 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $77,419,714 |
| Accounts payable and accrued expenses | $52 |
| Grants payable | $0 |
| Deferred revenue | $1,787 |
| 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 | $7,939,755 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,173 |
| Total liabilities | $7,947,767 |
| Net assets without donor restrictions | $0 |
| 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 | $69,471,947 |
| Total liabilities and net assets/fund balances | $77,419,714 |
Grants Awarded
Over the last fiscal year, Educational Developers Inc has awarded $2,486,748 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
INVESTMENT & RESEARCH IN EDUCATION INC PURPOSE: TO PROMOTE SPONSOR, AND DONATE FUNDS TO EDUCATIONAL ORGANIZATIONS IN THE US AND LATIN AMERICA | $1,500,000 |
LEGION OF CHRIST NORTH AMERICA PURPOSE: TO PROMOTE SPONSOR, AND DONATE FUNDS TO EDUCATIONAL ORGANIZATIONS IN THE US AND LATIN AMERICA | $986,748 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Educational Developers Inc has recieved totaling $310,000.
| Awarding Organization | Amount |
|---|---|
Omega Charitable Developers Inc Houston, TX PURPOSE: SEE PART IV | $310,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Relief Fund Amarillo, TX | $12,393,094 | $11,849,734 |
Focus Humanitarian Assistance U S A Sugar Land, TX | $10,443,894 | $8,688,144 |
A Glimmer Of Hope Foundation Austin, TX | $0 | $5,415,626 |
Mission Enablers International Bentonville, AR | $795,841 | $7,887,827 |
Building Everyones Success Together In West Africa Grand Prairie, TX | $91,189 | $6,476,422 |
Dasra Houston, TX | $12,585,856 | $13,108,623 |
Mountain On Mastersroad Inc Manvel, TX | $56,044 | $5,994,766 |
4africa Fort Worth, TX | $780,808 | $4,207,403 |
Orphan Outreach Plano, TX | $6,019,298 | $5,276,048 |
Mission Mutual Arlington, TX | $1,503,426 | $4,739,100 |
C U R E Compassionate Utilization Of Resources Fort Smith, AR | $336,014 | $3,893,166 |
International Emergency And Development Aid Ieda Relief Inc Houston, TX | $425,583 | $3,732,117 |