Edsource Inc
- Assets
- $5.4m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 28
- Location
- Oakland, CA
- Founding
- 10/1978
- Data as of
- 06/2021
- EIN
- 94-2434900
Organization Overview
Edsource Inc is located in Oakland, CA. The organization was established in 1978. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Edsource Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edsource 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 06/2021, Edsource Inc generated $4.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $3.7m during the year ending 06/2021. While expenses have increased by 10.2% 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
TO DISTRIBUTE TRUSTWORTHY AND USEFUL INFORMATION ON PUBLIC EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCES TIMELY DAILY REPORTS ON KEY EDUCATION CHALLENGES FACING CALIFORNIA AND THE NATION.
CONDUCTS PUBLIC OPINION SURVEYS ON MAJOR EDUCATION ISSUES SUCH AS EARLY CHILDHOOD EDUCATION, PARENT ENGAGEMENT, AND SCHOOL DISCIPLINE.
KEY ORGANIZATION IN THE EDUCATION DATA PARTNERSHIP, WHICH OFFERS DATA ON SCHOOLS, DISTRICTS AND STATE LEVEL ISSUES IN A USER-FRIENDLY FORMS; CONVENES STATEWIDE CONVERSATIONS ON KEY EDUCATION POLICIES, SUCH AS THE EDUCATORS NETWORK FOR EFFECTIVE SCHOOL DISCIPLINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Freedberg Executive Dir. Resigned | 40 | $293,281 | |
Anne Vasquez Executive Dir. | Officer | 40 | $154,493 |
John Fensterwald Editor-At-Large | 40 | $135,668 | |
Abraham Aldrete Director Of Operations | 40 | $114,646 | |
Denise Zapata Senior Editor | 40 | $113,689 | |
Rose Ciotta Editor | 40 | $111,520 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,399,264 |
| Investment income | $56,717 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,312 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,611,798 |
| Statement of Expenses | |
|---|---|
| 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. | $52,873 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,275,316 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $315,829 |
| Payroll taxes | $184,322 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,990 |
| Fees for services: Accounting | $59,309 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,533 |
| Fees for services: Other | $417,611 |
| Advertising and promotion | $0 |
| Office expenses | $10,946 |
| Information technology | $54,620 |
| Royalties | $0 |
| Occupancy | $241,717 |
| Travel | $9,662 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,224 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,660,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,128,297 |
| Savings and temporary cash investments | $2,146,777 |
| Pledges and grants receivable | $1,100,000 |
| Accounts receivable, net | $4,351 |
| 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 | $40,959 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,917 |
| Total assets | $5,442,741 |
| Accounts payable and accrued expenses | $219,101 |
| Grants payable | $0 |
| Deferred revenue | $334,215 |
| 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 | $424,933 |
| Other liabilities | $0 |
| Total liabilities | $978,249 |
| 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 |
| Total liabilities and net assets/fund balances | $4,464,492 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that Edsource Inc has recieved totaling $3,037,000.
| Awarding Organization | Amount |
|---|---|
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $500,000 |
College Futures Foundation Oakland, CA PURPOSE: INFLUENCE PROGRAM GRANT | $375,000 |
College Futures Foundation Oakland, CA PURPOSE: INFLUENCE PROGRAM GRANT | $375,000 |
Lumina Foundation For Education Inc Indianapolis, IN PURPOSE: TO SUPPORT COVERAGE OF HIGHER EDUCATION ISSUES IN CALIFORNIA. | $350,000 |
The Heising-Simons Foundation Los Altos, CA PURPOSE: TO REPORT ON KEY EARLY EDUCATION SUCCESSES AND CHALLENGES IN CALIFORNIA | $325,000 |
The California Wellness Foundation Los Angeles, CA PURPOSE: FOR CORE OPERATING SUPPORT TO STRENGTHEN JOURNALISTIC COVERAGE OF POSTSECONDARY EDUCATIONAL SUCCESS FOR YOUTH INVOLVED WITH THE JUVENILE JUSTICE SYSTEM AND YOUTH EXPERIENCING HOMELESSNESS IN CALIFORNIA. | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Synergy Academies Los Angeles, CA | $22,403,920 | $21,618,793 |
San Diego Jewish Academy San Diego, CA | $60,657,178 | $18,702,706 |
Curtis School Foundation Los Angeles, CA | $75,927,733 | $19,348,920 |
Excel Academy Charter Schools San Marcos, CA | $11,403,735 | $18,058,297 |
Le Lycee Francais De Los Angeles Los Angeles, CA | $97,517,378 | $23,043,510 |
Oregonians For Online Education Inc Scio, OR | $4,402,348 | $19,081,202 |
Willows Community School Culver City, CA | $69,044,375 | $19,353,304 |
Head Start Of Lane County Springfield, OR | $2,527,429 | $16,579,600 |
Hawking Steam Charter Schools Inc Chula Vista, CA | $87,803,315 | $18,115,527 |
Stem Preparatory Schools Inc Los Angeles, CA | $15,250,781 | $22,306,511 |
San Jacinto Valley Academy Inc San Jacinto, CA | $34,100,540 | $18,923,540 |
Delphi Schools Inc Sheridan, OR | $68,746,624 | $17,868,394 |