Excellent Education Development
- Assets
- $11.1m
- Revenue
- $14.1m
- Investments
- $0.0
- Employees
- 106
- Location
- Los Angeles, CA
- Founding
- 02/2000
- Data as of
- 06/2021
- EIN
- 95-4766001
Organization Overview
Excellent Education Development is located in Los Angeles, CA. The organization was established in 2000. 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 06/2021, Excellent Education Development employed 106 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Excellent Education Development 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, Excellent Education Development generated $14.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $13.1m during the year ending 06/2021. 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 ORGANIZATION DEVELOPS, MANAGES AND PROVIDES CONSULTING SERVICES TO CHARTER PUBLIC SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE 2020-2021 FISCAL YEAR, THE ORGANIZATION PROVIDED BUSINESS SERVICES TO 98 CHARTER SCHOOLS (WITHIN 62 ORGANIZATIONS) WHICH ARE ATTENDED BY APPROXIMATELY 44,000 STUDENTS.
THE ORGANIZATION RUNS A CHARTER SCHOOL FACILITY FINANCING PROGRAM FOR LOWER INCOME COMMUNITIES.
THE ORGANIZATION PROVIDES CONSULTING SERVICES TO ORGANIZATIONS FOR THE PREPARATION OF CHARTER SCHOOL BUSINESS MODELS AND PETITIONS. CONSULTING SERVICES WERE PROVIDED TO APPROXIMATELY 3 ORGANIZATIONS PLANNING TO OPERATE NEW CHARTER SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anita Landecker President & CEO | Officer | 40 | $218,533 |
Samira Estilai Executive VP & COO | 40 | $188,180 | |
Larry Tamayo Evp & Sd Operating Officer | 40 | $175,820 | |
Tait Anderson Executive VP | 40 | $161,016 | |
Fady Habib VP Of It | 40 | $155,520 | |
Irina Levkova Castillo SVP School Finance | 40 | $145,554 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Michael F Keeley Facilities & Legal Consulting | 6/29/21 | $245,000 |
Novogradac & Company Llp Accounting | 6/29/21 | $111,000 |
Douglas Emmett 2007 Llc Rents & Parking | 6/29/21 | $214,731 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,491,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $830,152 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,321,952 |
| Total Program Service Revenue | $11,703,472 |
| Investment income | $42,569 |
| 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 | $14,067,993 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $825,882 |
| 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 | $8,619,983 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $584,799 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,108 |
| Fees for services: Accounting | $129,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $529,485 |
| Advertising and promotion | $1,530 |
| Office expenses | $185,523 |
| Information technology | $964,119 |
| Royalties | $0 |
| Occupancy | $545,630 |
| Travel | $8,384 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,795 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $540,676 |
| Insurance | $66,995 |
| All other expenses | $0 |
| Total functional expenses | $13,092,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,573,399 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,070,446 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,168,384 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $245,752 |
| Net Land, buildings, and equipment | $83,558 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,795 |
| Intangible assets | $910,293 |
| Other assets | $37,752 |
| Total assets | $11,092,379 |
| Accounts payable and accrued expenses | $745,217 |
| Grants payable | $0 |
| Deferred revenue | $48,657 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $36,615 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $74,848 |
| Total liabilities | $5,405,337 |
| Net assets without donor restrictions | $5,637,042 |
| Net assets with donor restrictions | $50,000 |
| 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 | $11,092,379 |
Grants Awarded
Over the last fiscal year, Excellent Education Development has awarded $824,152 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: EXED PROVIDED GRANTS TO SUPPORT THE SEED FOUNDATION ON A PROJECT INVOLVING A PUBLIC BOARDING SCHOOL, THE SEED SCHOOL OF LOS ANGELES COUNTY. THE GRANTS ARE USED TO SUPPORT THE PLANNING, DEVELOPMENT AND RELATED COSTS OF THE PROJECT CONSISTENT WITH THE SEED FOUNDATION'S MISSION AND TAX-EXEMPT PURPOSES, INCLUDING BUT NOT LIMITED TO CURRICULUM AND PROGRAM DESIGN, FUNDRAISING, COMMUNITY AND FAMILY ENGAGEMENT AND PERSONNEL RECRUITMENT. | $750,000 |
Los Angeles, CA PURPOSE: TO SUPPORT THE ORGANIZATION'S PARENT ENGAGEMENT WORK IN LOS ANGELES | $47,152 |
Los Angeles, CA PURPOSE: TO SUPPORT THE LAAC COVID CAMPAIGN | $27,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Excellent Education Development has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greathearts Arizona Phoenix, AZ | $267,805,808 | $30,935,961 |
Gradient Learning Walnut, CA | $26,856,355 | $31,271,500 |
Green Dot Public Schools National Los Angeles, CA | $10,551,526 | $15,630,320 |
Excellent Education Development Los Angeles, CA | $11,092,379 | $14,067,993 |
Digital Green Foundation San Francisco, CA | $24,571,129 | $22,099,634 |
Rio Hondo Education Consortium Whittier, CA | $3,342,079 | $7,995,836 |
Beyond 12 Education Inc Oakland, CA | $8,854,205 | $13,660,419 |
Accrediting Commission For Schools Western Association Of Schools An Burlingame, CA | $8,710,989 | $6,512,676 |
Great Hearts America Phoenix, AZ | $8,205,781 | $5,329,608 |
Propel A Charter Management Group Inc Covina, CA | $5,751,248 | $5,358,058 |
Internet Archive Us San Francisco, CA | $536,242 | $3,003,154 |
California Farmlink Aptos, CA | $29,554,658 | $8,944,569 |