Educate
- Assets
- $12.6m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 23
- Location
- Denver, CO
- Founding
- 04/2005
- Data as of
- 12/2021
- EIN
- 84-1648607
Organization Overview
Educate is located in Denver, CO. The organization was established in 2005. 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. As of 12/2021, Educate employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Educate 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, Educate generated $6.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $5.4m during the year ending 12/2021. While expenses have increased by 19.3% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE!'S MISSION IS TO DEVELOP YOUNG LEADERS AND ENTREPRENEURS IN AFRICA. SEE PART III
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATE! TACKLES YOUTH UNEMPLOYMENT BY PARTNERING WITH SCHOOLS AND GOVERNMENTS TO REFORM WHAT SCHOOLS TEACH AND HOW THEY TEACH IT SO THAT STUDENTS IN AFRICA HAVE THE SKILLS TO ATTAIN FURTHER EDUCATION, OVERCOME GENDER INEQUITIES, START BUSINESSES, GET JOBS, AND DRIVE DEVELOPMENT IN THEIR COMMUNITIES. ALL OF THIS IS POSSIBLE WITH EDUCATE!'S EMPLOYEES, WHO BELIEVES ONLY THROUGH YOUTH WE CAN HELP THEM REACH THEIR FULL POTENTIAL. EDUCATE! BELIEVES THAT BY TRANSFORMING SECONDARY EDUCATION WE CAN EQUIP YOUTH WITH THE SKILLS TO DISRUPT THIS SYSTEMIC PROBLEM OF YOUTH UNEMPLOYMENT. EDUCATE! WORKS IN THREE WAYS: 1) DELIVERS LEADERSHIP, ENTREPRENEURSHIP, AND WORKFORCE READINESS TRAINING DIRECTLY IN SECONDARY SCHOOLS. 2) PARTNERS WITH GOVERNMENTS TO INTEGRATE SKILLS-BASED EDUCATION INTO NATIONAL EDUCATION SYSTEMS AND SUPPORT NATIONAL CURRICULUM REFORMS 3) RECRUITS AND TRAINS OUT OF SCHOOL YOUTH TO GAIN NECESSARY ENTREPRENEURSHIP SKILLS AND ACHIEVE IMPROVED LIVELIHOODS. WE PERFORM THIS WORK THROUGH OUR THREE SOLUTION LINES; SCHOOL SOLUTIONS, EDUCATION SYSTEMS SOLUTIONS, AND OUT-OF-SCHOOL YOUTH SOLUTIONS. IN 2021, WE IMPLEMENTED BOOTCAMPS FOR 200+ OUT-OF-SCHOOL YOUTH IN KENYA. IN RWANDA, WE REACHED 6,000+ YOUTH. AND IN UGANDA WE REACHED 40,000+ YOUTH THROUGH DISTANCE LEARNING. IN TOTAL EDUCATE! REACHED APPROXIMATELY 46,000+ YOUTH ACROSS UGANDA, RWANDA, AND KENYA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Boris Bulayev CEO & Co-Founder | Officer | 50 | $167,029 |
Margaret Appleton Chief Operating Officer | Officer | 50 | $124,538 |
Angelica Towne Chief Strategy & Innovation Officer | 50 | $124,538 | |
Ivan Ssenfuma Chief Financial Officer | Officer | 50 | $115,690 |
Elana Pollack Director Of Talent | 50 | $103,000 | |
Alexander Kelly U.s. Country Director | 50 | $101,551 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $218,515 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,816,493 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,035,008 |
| Total Program Service Revenue | $0 |
| Investment income | $29,255 |
| 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 | $6,072,389 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $112,685 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $421,873 |
| Compensation of current officers, directors, key employees. | $12,243 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,754,833 |
| Pension plan accruals and contributions | $16,390 |
| Other employee benefits | $359,025 |
| Payroll taxes | $226,818 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $108,383 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $620,846 |
| Advertising and promotion | $22,438 |
| Office expenses | $86,998 |
| Information technology | $484,679 |
| Royalties | $0 |
| Occupancy | $30,431 |
| Travel | $66,876 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,666 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $965 |
| All other expenses | $0 |
| Total functional expenses | $5,390,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,189,612 |
| Savings and temporary cash investments | $8,062,761 |
| Pledges and grants receivable | $3,272,845 |
| Accounts receivable, net | $21,023 |
| 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 | $45,104 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,591,345 |
| Accounts payable and accrued expenses | $346,067 |
| 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 | $247,108 |
| Other liabilities | $0 |
| Total liabilities | $593,175 |
| Net assets without donor restrictions | $8,841,304 |
| Net assets with donor restrictions | $3,156,866 |
| 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 | $12,591,345 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Educate has recieved totaling $2,531,142.
| Awarding Organization | Amount |
|---|---|
Omidyar Network Fund Inc Redwood City, CA PURPOSE: GENERAL OPERATING SUPPORT | $600,000 |
Omidyar Network Fund Inc Redwood City, CA PURPOSE: GENERAL OPERATING SUPPORT | $600,000 |
The Ray And Tye Noorda Foundation Lindon, UT PURPOSE: HUMANITARIAN | $500,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $400,000 |
Imago Dei Fund Boston, MA PURPOSE: GENERAL USE | $110,000 |
Segal Family Foundation Inc Warren, NJ PURPOSE: CHARITABLE PURPOSE | $62,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bethesda Ministries Colorado Springs, CO | $4,747,799 | $19,748,922 |
Mercy Without Limits Inc Overland Park, KS | $12,804,274 | $19,965,180 |
Humanitarian Experience Inc Salt Lake City, UT | $1,258,081 | $14,822,616 |
Lifting Hands International Salt Lake City, UT | $502,685 | $8,241,355 |
Childrens Hopechest Inc Palmer Lake, CO | $1,198,325 | $5,781,383 |
Opportunity Education Foundation Aurora, CO | $3,852,642 | $9,119,900 |
Educate Denver, CO | $12,591,345 | $6,072,389 |
Free The Oppressed Colorado Springs, CO | $6,590,953 | $9,061,725 |
Love Justice International Lincoln, NE | $1,486,894 | $4,623,371 |
Love In Action Colorado Springs, CO | $123,482,303 | $32,008,733 |
Hope 4 Kids International Phoenix, AZ | $1,831,552 | $4,256,777 |
World Hunger Ecumenical Arizona Task Force Inc Phoenix, AZ | $1,022,972 | $3,945,748 |