Overview
What is Education Development Center Inc?
The Education Development Center Inc, based in Waltham, Massachusetts, is a renowned global nonprofit organization that has been improving education, promoting health, and expanding economic opportunities since 1958. With a workforce of 693 employees, EDC operates in various regions, including Africa, Asia, Latin America, the Middle East, the US, Canada, Tribal Nations, and Europe. Their multifaceted approach includes behavioral, physical, and mental health; capacity building for individuals, organizations, and systems; early childhood development and learning; elementary and secondary education; HIV and sexual and reproductive health; opioid and substance misuse prevention; out-of-school learning; STEM; suicide, violence, and injury prevention; and youth and workforce development. The organization provides services such as EDC Solutions, design and development, evaluation, implementation, and policy and research. In recent years, EDC has launched several initiatives, including Our World Our Work, a mental health curriculum, an early grade science initiative, and a comprehensive 'moonshot' initiative to place 1 million youth in green and blue jobs over the next 10 years. Their programs have made a significant impact on the lives of over 1 million children and youth in various countries, improving access to education and skills training, and reducing vulnerability to crises and conflicts.
Official website here: www.edc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Star rating)
Education Development Center Inc has received an impressive Four-Star rating from Charity Navigator, primarily based on its exceptional performance in Accountability & Finance. The organization scored 93%, indicating strong fiscal responsibility and transparency in its operations. This rating highlights the charity's commitment to maintaining high standards in its financial practices.
Key strengths of the organization include a predominantly independent board, which consists of 12 members with 92% independence, and robust financial oversight mechanisms. It has a solid program expense ratio of 90.62%, suggesting that a significant portion of its funding is directed towards its mission-driven programs. Furthermore, the organization has established comprehensive policies regarding conflict of interest, whistleblowing, and document retention, reinforcing its accountability framework.
However, while the organization has performed well overall, it faces a slight challenge with a liabilities to assets ratio of 54.49%, which is somewhat high but still within acceptable limits. This metric indicates that the organization has a considerable amount of liabilities relative to its assets, which could warrant attention in future financial planning. Overall, Education Development Center Inc demonstrates a strong commitment to transparency and effective program delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Education Development Center Inc legitimate?
Education Development Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Education Development Center Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $3,663,962
Professional Fundraising Fees: $0
Other Salaries and Wages: $65,189,970
For more financial information, click here
Official website here: www.edc.org
What is the mission statement of Education Development Center Inc?
The Education Development Center, Inc. (EDC) is a global nonprofit organization dedicated to advancing lasting solutions to improve education, promote health, and expand economic opportunities. Established in 1958, EDC has been a pioneer in designing, implementing, and evaluating powerful and innovative programs in over 80 countries around the world. Their mission is to create a positive impact in various sectors such as Behavioral, Physical, and Mental Health; Capacity Building for Individuals, Organizations, and Systems; Early Childhood Development and Learning; Elementary Basic and Secondary Education; HIV and Sexual and Reproductive Health; Opioid and Other Substance Misuse Prevention; Out-of-School Learning; STEM; Suicide, Violence, and Injury Prevention; and Youth and Workforce Development. EDC provides services like EDC Solutions, Design and development, Evaluation, Implementation, and Policy and Research. Their programs aim to address the pressing development challenges in health, education, and youth employment. In 2022, they began new initiatives including Our World Our Work, a Mental Health Curriculum, and an Early Grade Science initiative. They also developed the Future Proof Skills curriculum to equip post-secondary students with essential skills for the future of work and life.
Official website here: www.edc.org
Who is the CEO of Education Development Center Inc?
Liesbet Steer is the Principal Officer of Education Development Center Inc.
Official website here: www.edc.org
What is the revenue of Education Development Center Inc?
Education Development Center Inc's revenue in 2022 was $186,746,637.
Official website here: www.edc.org
Who are the executives of Education Development Center Inc and what are their salaries?
The average compensation at Education Development Center Inc during 2022 was $99,356. There are 693 employees at Education Development Center Inc.
Here are 34 key members and their salaries:
- Compensation: $416,653
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- Other: $40,247
- Compensation: $289,526
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- Other: $38,900
- Compensation: $254,720
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- Other: $50,962
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- Other: $50,810
- Compensation: $230,040
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- Other: $47,772
- Compensation: $218,530
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- Other: $24,271
- Compensation: $173,477
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- Other: $41,632
- Compensation: $161,573
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- Other: $40,514
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Official website here: www.edc.org
Where can I find the form 990 for Education Development Center Inc?
Education Development Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.edc.org
Learn more at the official website: www.edc.org
Mission Statement of Education Development Center Inc
Education Development Center, Inc. (EDC), a global nonprofit organization based on a mission to advance lasting solutions, has been leading the way in designing, implementing, and evaluating powerful and innovative programs in over 80 countries since 1958. Dedicated to improving education, promoting health, and expanding economic opportunity worldwide, EDC's activities span various sectors including Behavioral, Physical, and Mental Health; Capacity Building for Individuals, Organizations, and Systems; Early Childhood Development and Learning; Elementary and Secondary Education; HIV and Sexual and Reproductive Health; Opioid and Other Substance Misuse Prevention; Out-of-School Learning; STEM; Suicide, Violence, and Injury Prevention; and Youth and Workforce Development. Through its services such as EDC Solutions, Design and development, Evaluation, Implementation, and Policy and Research, this organization strives to make a positive impact on the lives of people around the world.
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Impact
October, 2024
Education Development Center Inc. (EDC) has a significant impact across a wide range of sectors related to education, health, and economic opportunity. By designing, implementing, and evaluating innovative programs, EDC addresses critical development challenges both globally and within specific communities.
EDC's efforts have reached over 1 million children and youth in 2022 alone, demonstrating its effectiveness in improving access to quality education and skills training. For example, in Honduras, EDC's Reading Activity mobilized community support, benefitting more than 480,000 children through enhanced reading and writing initiatives. Similarly, in Mali, the SIRA project showcased a remarkable increase in literacy, with 70% of participants capable of reading after the program's intervention.
The organization's Youth Workforce Development initiatives, particularly the "Our World Our Work" initiative, aim to place 1 million youth in green and blue jobs over the next decade. By integrating environmental considerations into workforce planning, EDC equips young people with the skills needed for sustainable economic growth, thus addressing both immediate employment needs and long-term environmental goals.
EDC's collaborative approach fosters partnerships with ministries of education and health worldwide, enhancing the quality of teaching and learning experiences. In conflict-affected regions like the Democratic Republic of the Congo, EDC has significantly improved access to education and skills training for out-of-school youth, impacting over 46,000 individuals.
Moreover, EDC's commitment to mental health education through the development of a multi-channel curriculum highlights its holistic approach to youth development, ensuring that young people not only acquire job skills but also receive the necessary support for emotional and psychological well-being.
Overall, EDC's comprehensive and adaptive strategies contribute to building resilient communities, fostering economic opportunities, and promoting health and well-being, thereby making a lasting difference in the lives of individuals and communities around the globe.
This information is meant to be a general summary of Education Development Center Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $182,384
- Program Service Revenue: $1,166,491
- Gross Receipts: $186,746,637
Assets and Liabilities:
- Total Assets: $79,029,805
- Total Liabilities: $36,150,460
- Net Assets: $42,879,345
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program fees
Revenue
$1,057,349
Royalties
Revenue
$109,142
Organization Details
Founding Year
1958
Phone
(617) 969-7100Principal Officer
Liesbet Steer
Main Address
300 Fifth Avenue Suite 2010, Waltham, MA, 02451
Website
www.edc.orgNTEE Category
Code: B05 - Education
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