Overview
What is Education Design Lab?
Education Design Lab is a forward-thinking nonprofit organization headquartered in Washington D.C. Their primary focus is identifying deficiencies within the education-to-work ecosystem, recognizing the need for innovative solutions to address these gaps. They collaborate with partners, funders, and institutions to navigate the process from problem identification to solution discovery, adoption, and evaluation. The organization is dedicated to fostering collaboration between higher education institutions, innovators, and employers, with the aim of helping education adapt to the rapidly changing economy. Their mission involves designing and testing new models to facilitate this adaptation, ultimately benefiting the higher education sector and the workforce as a whole. With a team of 40 dedicated individuals, Education Design Lab plays a significant role in shaping the future of education-to-work dynamics.
Official website here: www.eddesignlab.org
What are the reviews and ratings of this charity?
**Rating: 90% (Four-Star out of Four Star Rating on Charity Navigator)**
Education Design Lab boasts a strong 90% rating on Charity Navigator, primarily due to its emphasis on accountability and finance. The organization proudly maintains a majority independent board, with 71% of its members designated as independent, fostering robust governance. Moreover, it showcases a high program expense ratio of over 90%, indicating that a significant portion of its funding is directed towards its educational initiatives.
The organization is noted for its solid financial management practices, evidenced by a low liabilities to assets ratio and efficient fundraising practices. Notably, it complies with essential policies such as conflict of interest and whistleblower policies, reflecting a commitment to transparency. However, the rating highlights that the Impact & Measurement category is not currently assessed due to insufficient data, which could be a limitation in evaluating its overall effectiveness.
User reviews from GreatNonprofits could not be retrieved, making it challenging to provide further insights into individual experiences with the organization. However, the strong overall rating suggests that Education Design Lab is recognized for its responsible fiscal practices and commitment to its mission in the educational sector.
This AI summary has been generated from information found on Charity Navigator.
Is Education Design Lab legitimate?
Education Design Lab is a legitimate nonprofit organization registered as a 501(c)(3) entity. Education Design Lab 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: $604,826
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,719,021
For more financial information, click here
Official website here: www.eddesignlab.org
What is the mission statement of Education Design Lab?
The Education Design Lab's mission is to innovate and implement new educational models that enable higher education institutions to adapt to economic changes at a swift pace. This is achieved by collaborating with educational institutions, innovators, and employers. The organization proactively identifies gaps in the education-to-work ecosystem and works towards finding next-generation solutions. It brings together partners, funders, and institutions to tackle problems, find solutions, and facilitate their adoption and evaluation. Additionally, the Education Design Lab accepts requests from individual institutions, funders, entrepreneurs, or communities to facilitate related design processes.
Official website here: www.eddesignlab.org
Who is the CEO of Education Design Lab?
William Hughes is the Chief Executive Officer of Education Design Lab. The CEO's salary of Education Design Lab is $306,054 and their total compensation is $336,754.
Official website here: www.eddesignlab.org
What is the revenue of Education Design Lab?
Education Design Lab's revenue in 2022 was $10,446,492.
Official website here: www.eddesignlab.org
Who are the executives of Education Design Lab and what are their salaries?
The average compensation at Education Design Lab during 2022 was $83,096. There are 40 employees and 7 volunteers at Education Design Lab.
Here are 15 key members and their salaries (Education Design Lab's CEO's salary is $306,054 and their total compensation is $336,754):
- Compensation: $306,054
- Related: $0
- Other: $30,700
- Compensation: $226,884
- Related: $0
- Other: $22,628
- Compensation: $178,931
- Related: $0
- Other: $17,371
- Compensation: $171,148
- Related: $0
- Other: $24,233
- Compensation: $134,374
- Related: $0
- Other: $17,196
- Compensation: $131,729
- Related: $0
- Other: $11,196
- Compensation: $123,075
- Related: $0
- Other: $15,476
- Compensation: $14,400
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.eddesignlab.org
Where can I find the form 990 for Education Design Lab?
Education Design Lab's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.eddesignlab.org
Learn more at the official website: www.eddesignlab.org
Mission Statement of Education Design Lab
Education Design Lab, an innovative organization, is dedicated to designing and testing new models that enable higher education to adapt as swiftly as the economy evolves. It accomplishes this by collaborating with higher education institutions, innovators, and employers. The primary objective of Education Design Lab is to identify gaps in the education-to-work ecosystem and develop next-generation solutions to bridge these divides. To achieve this, the organization brings together partners, funders, and institutions to navigate the process from problem definition to solution finding, adoption, and evaluation. Education Design Lab also accepts requests from individual institutions, funders, entrepreneurs, or communities to facilitate related design processes.
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Impact
July, 2024
Education Design Lab's impact can be seen in its proactive approach to identifying gaps in the education-to-work ecosystem and developing next-generation solutions. By partnering with higher education institutions, innovators, and employers, the organization facilitates the design and testing of new models to help higher education adapt quickly to changes in the economy. Through collaborative efforts with various stakeholders, Education Design Lab works to bridge the gap between academia and the workforce, ultimately enhancing the preparedness of students for the ever-evolving job market.
This information is meant to be a general summary of Education Design Lab. 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: $12,102
- Program Service Revenue: $1,963,669
- Gross Receipts: $10,446,492
Assets and Liabilities:
- Total Assets: $8,409,410
- Total Liabilities: $156,642
- Net Assets: $8,252,768
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DESIGN SERVICE
Revenue
$1,963,669
Organization Details
Founding Year
2013
Phone
(707) 774-4545Principal Officer
William Hughes
Main Address
1200 18TH STREET NW 710, WASHINGTON, DC, 20036
Website
www.eddesignlab.orgNTEE Category
Code: B90 - Education
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