Catalyst Education
- Assets
- $5.7m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 26
- Location
- New Orleans, LA
- Founding
- 06/2018
- Data as of
- 06/2022
- EIN
- 82-2628337
Organization Overview
Catalyst Education is located in New Orleans, LA. The organization was established in 2018. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 06/2022, Catalyst Education employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catalyst Education 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, Catalyst Education generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 45.7% each year . All expenses for the organization totaled $3.1m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MOBILIZE AND LEVERAGE THE COLLECTIVE EXPERTISE IN EDUCATION TO STRENGTHEN SCHOOLS, SCHOOL SYSTEMS, AND EDUCATION NONPROFITS TO ENSURE EQUITY AND EXCELLENCE FOR ALL KIDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OVER THIS PERIOD, CATALYST:ED HELPED 210 SCHOOLS, SCHOOL SYSTEMS, AND EDUCATION NONPROFITS CONNECT WITH AND LEVERAGE SPECIALIZED TECHNICAL ASSISTANCE TO BUILD ORGANIZATIONAL CAPACITY. SPECIFIC ACTIVITIES INCLUDED: 1 CONDUCTING CONSULTATIONS WITH ORGANIZATION LEADERS TO HELP THEM DIAGNOSE THEIR CHALLENGES AND IDENTIFY SPECIFIC HIGH-LEVERAGE PROJECTS WHERE THEY CAN BENEFIT FROM EXPERT HELP ESPECIALLY IN THE CONTEXT OF PANDEMIC-RELATED SCHOOL RECOVERY 2 FACILITATING CONNECTIONS WITH A CURATED LIST OF PROVIDERS WITH THE RIGHT MIX OF SKILLS AND EXPERIENCES NEEDED FOR CAPACITY BUILDING PROJECT 3 GRANTING FUNDS TO SUPPORT THE COMPLETION OF PROJECTS, AND 4 POST-PROJECT COMPLETION, CAPTURING LESSONS THROUGH OUR REFLECTION AND FEEDBACK PROCESS. TO ENABLE THIS WORK, CATALYST:ED BUILT OUT ITS NETWORK OF PROVIDERS TO 830. 95 PERCENT OF PROJECTS THAT WERE MATCHED IN THIS PERIOD MET THEIR GOALS. CATALYST:ED ALSO GENERATED SEVERAL MEMOS AND REPORTS BASED ON ITS WORK AND LAUNCHED THE LEARNING LAB FOR SCHOOL IMPROVEMENT TEAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leona Christy CEO | OfficerTrustee | 40 | $195,052 |
Rachel Klein Partner | 40 | $168,843 | |
Meladee Evans Partner | 40 | $132,087 | |
Camille Warren Partner | 40 | $127,155 | |
Rohini Thukral Partner | 40 | $124,960 | |
Phillip Nevels Partner | 40 | $115,099 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Attuned Education Partners Business Consulting | 6/29/21 | $218,650 |
Promise 54 Business Consulting | 6/29/21 | $214,150 |
Enact Leadership Business Consulting | 6/29/21 | $109,906 |
Achievemission Business Consulting | 6/29/21 | $117,301 |
Community Design Partners Business Consulting | 6/29/21 | $114,335 |
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 | $2,678,710 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,678,710 |
| Total Program Service Revenue | $69,500 |
| Investment income | $0 |
| 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 | $2,748,210 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $135,387 |
| 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. | $430,010 |
| Compensation of current officers, directors, key employees. | $11,416 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,644,978 |
| Pension plan accruals and contributions | $74,049 |
| Other employee benefits | $88,685 |
| Payroll taxes | $149,533 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $443,250 |
| Advertising and promotion | $4,246 |
| Office expenses | $16,875 |
| Information technology | $50,243 |
| Royalties | $0 |
| Occupancy | $7,246 |
| Travel | $29,338 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,340 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,133 |
| All other expenses | $0 |
| Total functional expenses | $3,118,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,269,700 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,396,951 |
| Accounts receivable, net | $6,527 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,338 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,575 |
| Total assets | $5,677,091 |
| Accounts payable and accrued expenses | $409,518 |
| Grants payable | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,743,617 |
| Total liabilities | $3,153,135 |
| Net assets without donor restrictions | $1,140,472 |
| Net assets with donor restrictions | $1,383,484 |
| 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 | $5,677,091 |
Grants Awarded
Over the last fiscal year, Catalyst Education has awarded $135,387 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CHICAGO TECH ACADEMY PURPOSE: Educational related issues | $10,000 |
NEW MEXICO PUBLIC ED DIST PURPOSE: Educational related issues | $25,787 |
DISTINCTIVE SCHOOLS OF IL PURPOSE: Educational related issues | $10,000 |
OSSE DISTRICT OF COLUMBIA PURPOSE: Educational related issues | $34,600 |
NORTHWOOD ACADEMY CHRTR SCHL PURPOSE: Educational related issues | $10,000 |
PARA LOS NINOS PURPOSE: Educational related issues | $10,000 |