Overview
What is Strada Education Foundation Inc?
The Strada Education Foundation Inc, located in Indianapolis, Indiana, functions as a 501(C)(3) organization and a supporting organization to Strada Collaborative Inc, with a workforce of approximately 139 employees. Their mission centers around strengthening the link between education and employment in the United States, particularly for individuals who have encountered significant obstacles in accessing opportunities through post-secondary education or training. They achieve this aim through financial and in-kind support of Strada Collaborative Inc, as well as grants to compatible public charities, such as post-secondary educational institutions. Additionally, Strada Education Foundation Inc engages in research, communications, convenings, mission-aligned investments, and various other activities that further their mission.
Official website here: www.stradaeducation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
Strada Education Foundation Inc has received a low rating of 56% from Charity Navigator, indicating concerns in its accountability and finance practices. While the organization boasts a fully independent board and adheres to several policies aimed at governance and oversight, there are significant issues in its financial management, notably a low program expense ratio of 47.36%, which suggests that less than half of its expenses are directed towards its programs.
The organization is commendable for its strong governance practices, such as having no material diversion of assets and maintaining a whistleblower and conflict of interest policy. However, the lack of transparency in financial reporting is a major drawback, as evidenced by the absence of tax forms on its website. This contributes to the organization's poor performance in the accountability category.
Overall, while Strada Education Foundation Inc has strengths in its board independence and oversight policies, its financial management limitations and lack of transparency affect its rating significantly. Potential donors may want to consider these factors carefully when assessing the foundation's effectiveness and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Strada Education Foundation Inc legitimate?
Strada Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Strada Education Foundation 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: $6,680,993
Professional Fundraising Fees: $0
Other Salaries and Wages: $16,373,017
For more financial information, click here
Official website here: www.stradaeducation.org
What is the mission statement of Strada Education Foundation Inc?
The Strada Education Foundation Inc is dedicated to strengthening the link between education and employment in the United States, with a particular emphasis on aiding individuals who have encountered significant obstacles in securing opportunities through post-secondary education or training. This mission is accomplished through the financial and in-kind support of Strada Collaborative Inc and grants to public charities with similar objectives, as well as through research, communications, convenings, mission-aligned investments, and various other activities.
Official website here: www.stradaeducation.org
Who is the CEO of Strada Education Foundation Inc?
Stephen Moret is the Ceo & President (Beg 1/1/22) of Strada Education Foundation Inc. The CEO's salary of Strada Education Foundation Inc is $1,033,088 and their total compensation is $1,107,352.
Official website here: www.stradaeducation.org
What is the revenue of Strada Education Foundation Inc?
Strada Education Foundation Inc's revenue in 2022 was $89,606,480.
Official website here: www.stradaeducation.org
Who are the executives of Strada Education Foundation Inc and what are their salaries?
The average compensation at Strada Education Foundation Inc during 2022 was $165,856. There are 139 employees at Strada Education Foundation Inc.
Here are 30 key members and their salaries (Strada Education Foundation Inc's CEO's salary is $1,033,088 and their total compensation is $1,107,352):
- Compensation: $1,033,088
- Related: $0
- Other: $74,264
- Compensation: $115,000
- Related: $0
- Other: $0
- Compensation: $98,511
- Related: $0
- Other: $0
- Compensation: $98,011
- Related: $0
- Other: $0
- Compensation: $97,000
- Related: $0
- Other: $0
- Compensation: $97,000
- Related: $0
- Other: $0
- Compensation: $97,000
- Related: $0
- Other: $0
- Compensation: $86,012
- Related: $0
- Other: $0
- Compensation: $85,838
- Related: $0
- Other: $0
- Compensation: $85,838
- Related: $0
- Other: $0
- Compensation: $85,000
- Related: $0
- Other: $0
- Compensation: $85,000
- Related: $0
- Other: $0
- Compensation: $85,000
- Related: $0
- Other: $0
- Compensation: $85,000
- Related: $0
- Other: $0
- Compensation: $811,517
- Related: $0
- Other: $72,300
- Compensation: $792,572
- Related: $0
- Other: $75,150
- Compensation: $701,129
- Related: $0
- Other: $65,467
- Compensation: $665,639
- Related: $0
- Other: $75,150
- Compensation: $510,857
- Related: $0
- Other: $49,497
- Compensation: $483,331
- Related: $0
- Other: $70,822
- Compensation: $545,404
- Related: $0
- Other: $73,500
- Compensation: $525,410
- Related: $0
- Other: $75,150
- Compensation: $430,207
- Related: $0
- Other: $72,900
- Compensation: $422,231
- Related: $0
- Other: $72,366
- Compensation: $309,611
- Related: $0
- Other: $29,147
- Compensation: $1,631,677
- Related: $0
- Other: $0
- Compensation: $462,874
- Related: $0
- Other: $72,300
- Compensation: $440,614
- Related: $0
- Other: $57,157
- Compensation: $146,730
- Related: $0
- Other: $0
- Compensation: $133,189
- Related: $0
- Other: $0
Official website here: www.stradaeducation.org
Where can I find the form 990 for Strada Education Foundation Inc?
Strada Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stradaeducation.org
Learn more at the official website: www.stradaeducation.org
Mission Statement of Strada Education Foundation Inc
Strada Education Foundation, Inc. is a philanthropic organization dedicated to fortifying the link between education and employment in the United States. With a particular focus on assisting individuals who have encountered significant barriers in accessing opportunities through post-secondary education or training, Strada Education Foundation, Inc. pursues this mission through various means.
Financially and in-kind, Strada Education Foundation, Inc. supports Strada Collaborative, Inc., an affiliated organization, and grants to other charities with complementary missions, such as post-secondary educational institutions. The foundation's commitment extends beyond financial aid, as they also engage in research, communications, convenings, mission-aligned investments, and other activities to further strengthen the connection between education and employment in the country. Through these efforts, Strada Education Foundation, Inc. seeks to empower those who have faced the greatest challenges in securing opportunities for personal and professional growth.
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Impact
October, 2024
Strada Education Foundation Inc significantly influences the landscape of education and employment in the U.S., particularly for individuals facing considerable barriers to accessing opportunities. By focusing on the connection between education and workforce readiness, the foundation supports a wide array of programs and policies aimed at enhancing access to postsecondary education and training.
Through financial contributions and strategic partnerships, including support for Strada Collaborative, the foundation fosters initiatives that aim to break down obstacles that historically marginalized groups encounter. This approach not only benefits individual learners but also strengthens communities by developing a more skilled workforce. The foundation engages in extensive research and communications to highlight critical issues in the education sector, driving conversations and convenings that bring together various stakeholders dedicated to education reform.
Moreover, Strada Education Foundation's investments are strategically aligned with its mission, ensuring that resources are directed toward efforts that yield tangible results in enhancing educational access and outcomes. This comprehensive approach empowers individuals, enriches communities, and ultimately contributes to a more equitable society.
This information is meant to be a general summary of Strada Education Foundation 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: $50,413,730
- Gross Receipts: $524,064,185
Assets and Liabilities:
- Total Assets: $1,944,963,967
- Total Liabilities: $60,011,532
- Net Assets: $1,884,952,435
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Organization Details
Founding Year
2015
Phone
(317) 806-1200Principal Officer
Stephen Moret
Main Address
10 WEST MARKET STREET SUITE 1100, INDIANAPOLIS, IN, 46204
Website
www.stradaeducation.orgNTEE Category
Code: S80 - Community improvement
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