Form990


Department of the TreasuryInternal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
A For the 2024 calendar year, or tax year beginning 01-01-2024 , and ending 12-31-2024
BCheck if applicable:
CName of organization
STRADA EDUCATION FOUNDATION INC
 
 
Doing business as
 
 
Number and street (or P.O. box if mail is not delivered to street address)
10 WEST MARKET STREET SUITE 1100
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
INDIANAPOLIS, IN46204
D Employer identification number

47-3044430
E Telephone number

G Gross receipts $ 557,766,330
F Name and address of principal officer:
STEPHEN MORET
10 WEST MARKET STREET SUITE 1100
INDIANAPOLIS,IN46204
I
Tax-exempt status: (   ) (insert no.) or
J
Website:
WWW.STRADA.ORG
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. See instructions.
H(c)
Group exemption number  
K Form of organization:  
L Year of formation: 2015
M State of legal domicile: DE
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: STRADA EDUCATION FOUNDATION, INC. ("STRADA") DEVELOPS AND SUPPORTS PROGRAMS, POLICIES, AND
2 Check this box
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 15
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 14
5 Total number of individuals employed in calendar year 2024 (Part V, line 2a) ...... 5 1,789
6 Total number of volunteers (estimate if necessary) ............. 6 0
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 3,902,100
b Net unrelated business taxable income from Form 990-T, Part I, line 11 ......... 7b 478,765
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 49,441,886 14,671,218
9 Program service revenue (Part VIII, line 2g) ......... 0 37,612,860
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 41,188,597 155,164,045
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 641,872 212,698
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12) 91,272,355 207,660,821
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 26,012,347 27,652,991
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 34,047,098 92,698,459
16a Professional fundraising fees (Part IX, column (A), line 11e) ..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) 4,223,074    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 41,067,264 60,150,872
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 101,126,709 180,502,322
19 Revenue less expenses. Subtract line 18 from line 12....... -9,854,354 27,158,499
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 2,098,503,918 1,837,044,236
21 Total liabilities (Part X, line 26)............. 56,138,058 76,901,907
22 Net assets or fund balances. Subtract line 21 from line 20..... 2,042,365,860 1,760,142,329
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
Signature of officer Date
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name

Firm's EIN
Firm's address



Phone no.
May the IRS discuss this return with the preparer shown above? See Instructions. ..........
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y Form 990 (2024)
Form 990 (2024)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III..............
1
Briefly describe the organization’s mission: STRADA EDUCATION FOUNDATION, INC. ("STRADA") DEVELOPS AND SUPPORTS PROGRAMS, POLICIES, AND ORGANIZATIONS THAT STRENGTHEN CONNECTIONS BETWEEN EDUCATION AND OPPORTUNITY IN THE U.S., WITH A SPECIAL FOCUS ON HELPING THOSE WHO FACE THE GREATEST CHALLENGES SECURING OPPORTUNITY THROUGH POSTSECONDARY EDUCATION OR TRAINING. STRADA'S WORK IS GROUNDED IN FIVE FOCUS AREAS: CLEAR OUTCOMES, QUALITY COACHING, AFFORDABILITY, WORK-BASED LEARNING, AND EMPLOYER ALIGNMENT (THE "FOCUS AREAS").
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? .....................
If "Yes," describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ...........................
If "Yes," describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 32,348,144 including grants of $ 27,652,991 ) (Revenue $ 0 )
CATALYTIC GRANTMAKING: THROUGH ITS GRANTMAKING, STRADA EDUCATION FOUNDATION, INC. ("STRADA") PROVIDES CATALYTIC FUNDING FOR NONPROFIT ORGANIZATIONS, POSTSECONDARY EDUCATION INSTITUTIONS, AND WORKFORCE AND SKILLS-BASED EDUCATIONAL PROVIDERS THAT ADVANCE THE ORGANIZATION'S FOCUS AREAS AND CHARITABLE MISSION. IN 2024, STRADA MADE OVER 90 GRANTS ACROSS VARIOUS PROGRAMS, INCLUDING THE HBCU INITIATIVE, A $25M, MULTI-YEAR SERIES OF GRANTS DESIGNED TO SUPPORT SCHOLARSHIP AND LEADERSHIP DEVELOPMENT PROGRAMS FOR 450 STUDENTS AT 48 HISTORICALLY BLACK COLLEGES AND UNIVERSITIES ACROSS THE COUNTRY.
4b (Code:   ) (Expenses $ 4,383,777 including grants of $ 0 ) (Revenue $ 16,000 )
ACTIONABLE RESEARCH: STRADA'S ACTIONABLE RESEARCH SEEKS TO PROVIDE THE PUBLIC AND INDUSTRY WITH INSIGHTS INTO WHAT LEARNERS NEED TO REALIZE THEIR CAREER GOALS AND WHAT EMPLOYERS NEED TO BUILD A ROBUST TALENT PIPELINE. IN 2024, STRADA LAUNCHED THE INAUGURAL STATE OPPORTUNITY INDEX, A PUBLICLY-AVAILABLE RESEARCH REPORT THAT HELPS STATES ASSESS HOW WELL THEY ARE CONNECTING EDUCATION TO OPPORTUNITY ACROSS ALL OF THE ORGANIZATION'S FOCUS AREAS. STRADA'S RESEARCH EFFORTS ALSO INCLUDE THE STRADA INSTITUTE FOR THE FUTURE OF WORK, A PROGRAM THAT DEVELOPS AND CONDUCTS RIGOROUS, FIELD-LEADING, PUBLICLY-AVAILABLE RESEARCH TO PROVIDE ACTIONABLE INSIGHTS ON HOW TO STRENGTHEN EDUCATIONAL PATHWAYS THAT LEAD TO ECONOMIC OPPORTUNITY FOR INDIVIDUALS AND RESPOND TO THE TALENT NEEDS OF EMPLOYERS.
4c (Code:   ) (Expenses $ 10,332,423 including grants of $ 0 ) (Revenue $ 0 )
POLICY AND ADVOCACY SOLUTIONS: STRADA ENGAGES DIRECTLY WITH POLICYMAKERS AND OTHER GOVERNMENT LEADERS AT STATE AND FEDERAL LEVELS TO IDENTIFY AND ADVANCE NONPARTISAN, EVIDENCE-BASED POLICIES DESIGNED TO STRENGTHEN PATHWAYS TO OPPORTUNITY FOR ALL LEARNERS. IN 2024, STRADA RELEASED ITS FIRST-EVER PUBLIC POLICY AGENDA. GROUNDED IN THE ORGANIZATION'S FOCUS AREAS, THE AGENDA PROVIDES A HOLISTIC APPROACH TO IMPROVING POLICY SO THAT ALL LEARNERS HAVE THE OPPORTUNITIES AND SUPPORT THEY NEED TO COMPLETE AN EDUCATION PATHWAY AND SUCCEED IN A MEANINGFUL CAREER.
(Code:   ) (Expenses $ 44,324,552 including grants of $ 0 ) (Revenue $ 37,596,860 )
STRATEGIC INVESTMENTS: STRADA'S STRATEGIC INVESTMENTS PROGRAM MANAGES A PORTFOLIO OF MISSION-RELATED INVESTMENTS IN EARLY-STAGE COMPANIES AND FUND MANAGERS THAT DRIVE POSITIVE CHANGE IN THE EDUCATION-WORKFORCE SYSTEM AND ADVANCE THE ORGANIZATION'S CHARITABLE MISSION AND FOCUS AREAS.EDUCATION TO OPPORTUNITY PROGRAMS AND SERVICES THROUGH CREDLENS, LLC AND STRADA COLLABORATIVE, LLC.
4d Other program services (Describe in Schedule O.)
(Expenses $ 44,324,552 including grants of $ 0 ) (Revenue $ 37,596,860 )
4e Total program service expenses91,388,896
Form 990 (2024)
Form 990 (2024)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule AClick to see attachment
List of Attached Documents:
// Content
.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors? See instructions. Click to see attachment
List of Attached Documents:
// Content
...
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part IClick to see attachment
List of Attached Documents:
// Content
.............
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part IIClick to see attachment
List of Attached Documents:
// Content
.........
4
Yes
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Rev. Proc. 98-19? If "Yes," complete Schedule C, Part IIIClick to see attachment
List of Attached Documents:
// Content
..
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part IClick to see attachment
List of Attached Documents:
// Content
.........................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part IIClick to see attachment
List of Attached Documents:
// Content
....
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes,"
complete Schedule D, Part IIIClick to see attachment
List of Attached Documents:
// Content
..............
8
 
No
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IVClick to see attachment
List of Attached Documents:
// Content
..............
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi endowments? If "Yes," complete Schedule D, Part V......
10
 
No
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X, as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes," complete
Schedule D, Part VI. Click to see attachment
List of Attached Documents:
// Content
...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIClick to see attachment
List of Attached Documents:
// Content
.......
11b
Yes
 
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIIClick to see attachment
List of Attached Documents:
// Content
.......
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IXClick to see attachment
List of Attached Documents:
// Content
............
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part XClick to see attachment
List of Attached Documents:
// Content
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part XClick to see attachment
List of Attached Documents:
// Content
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete
Schedule D, Parts XI and XIIClick to see attachment
List of Attached Documents:
// Content
......................
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
List of Attached Documents:
// Content
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States? .....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV.........Click to see attachment
List of Attached Documents:
// Content
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV.....Click to see attachment
List of Attached Documents:
// Content
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...Click to see attachment
List of Attached Documents:
// Content
16
 
No
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I. See instructions. ....
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................
19
 
No
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.....Click to see attachment
List of Attached Documents:
// Content
21
Yes
 
Form 990 (2024)
Form 990 (2024)
Page 4
Part IV
Checklist of Required Schedules (continued)
Yes
No
22
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........Click to see attachment
List of Attached Documents:
// Content
22
 
No
23
Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment
List of Attached Documents:
// Content
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a...............
24a
 
No
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
 
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? ...............
24c
 
 
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...
24d
 
 
25a
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I ....
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I.......................
25b
 
No
26
Did the organization report any amount on Part X, line 5 or 22 for receivables from or payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part II...........
26
 
No
27
Did the organization provide a grant or other assistance to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or employee thereof, a grant selection committee member, or to a 35% controlled entity (including an employee thereof) or family member of any of these persons?
If "Yes," complete
Schedule L, Part III.........................
27
 
No
28
Was the organization a party to a business transaction with one of the following parties (see the Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, key employee, creator or founder, or substantial contributor? If "Yes," complete Schedule L, Part IV......................
28a
 
No
b
A family member of any individual described in line 28a? If "Yes," complete Schedule L, Part IV.....
28b
 
No
c
A 35% controlled entity of one or more individuals and/or organizations described in line 28a or 28b? If "Yes," complete Schedule L, Part IV.....................
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..
29
 
No
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M .................
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II........................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I............Click to see attachment
List of Attached Documents:
// Content
33
Yes
 
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1.........................Click to see attachment
List of Attached Documents:
// Content
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
Yes
 
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 ...Click to see attachment
List of Attached Documents:
// Content
35b
Yes
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2............. Click to see attachment
List of Attached Documents:
// Content
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VIClick to see attachment
List of Attached Documents:
// Content
37
 
No
38
Did the organization complete Schedule O and provide explanations on Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........
Yes
No
1a
Enter the number reported in box 3 of Form 1096. Enter -0- if not applicable ..
1a
258
b
Enter the number of Forms W-2G included on line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
Form 990 (2024)
Form 990 (2024)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance (continued)
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
1,789
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? ..
4a
 
No
b
If "Yes," enter the name of the foreign country:
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ...
6a
 
No
b
If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? ....................
7a
 
No
b
If "Yes," did the organization notify the donor of the value of the goods or services provided? .....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................
7c
 
No
d
If "Yes," indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? ........
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the sponsoring organization make any taxable distributions under section 4966?........
9a
 
 
b
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources. (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If "Yes," enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state? .........
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
15
Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year? ....................
If "Yes," see the instructions and file Form 4720, Schedule N.
15
Yes
 
16
Is the organization an educational institution subject to the section 4968 excise tax on net investment income? ..
If "Yes," complete Form 4720, Schedule O.
16
 
No
17
Section 501(c)(21) organizations. Did the trust, or any disqualified or other person engage in any activities that would result in the imposition of an excise tax under section 4951, 4952, or 4953? ..
If "Yes," complete Form 6069.
17
 
 
Form 990 (2024)
Form 990 (2024)
Page 6
Part VI
Governance, Management, and Disclosure. For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this Part VI..............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year
1a
15
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent
1b
14
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
Yes
 
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? .
4
Yes
 
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
Yes
 
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
 
No
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .......................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
 
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
Yes
 
b
Describe on Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If "No," go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe on Schedule O how this was done...................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line 15a or 15b, describe the process on Schedule O. See instructions.
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
 
No
b
If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
 
Section C. Disclosure
17
List the states with which a copy of this Form 990 is required to be filed
18
Section 6104 requires an organization to make its Form 1023 (1024 or 1024-A, if applicable), 990, and 990-T (section 501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, address, and telephone number of the person who possesses the organization's books and records:
SARA LARCO10 W MARKET STREET SUITE 1100   INDIANAPOLIS,IN46204 (317) 806-1200
Form 990 (2024)
Form 990 (2024)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line in this Part VII..............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See the instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (box 5 of Form W-2, box 6 of Form 1099-MISC, and/or box 1 of Form 1099-NEC) of more than $100,000 from the organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

See the instructions for the order in which to list the persons above.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC) 		(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) STEPHEN MORET......................................................................
CEO & PRESIDENT
 40.00
.................
0.00 		X   X       1,353,225 0 153,749
(2) MARLENE V COULIS......................................................................
CHAIRMAN
 4.00
.................
0.00 		X           115,000 0 0
(3) ERNEST J NEWBORN II......................................................................
BOARD MEMBER
 2.00
.................
0.00 		X           97,000 0 0
(4) GERARD J OLINGER......................................................................
BOARD MEMBER
 2.00
.................
0.00 		X           97,000 0 0
(5) MIRIAM W STROUSE......................................................................
BOARD MEMBER
 2.00
.................
0.00 		X           97,000 0 0
(6) NICOLE T JENKINS......................................................................
BOARD MEMBER
 2.00
.................
0.00 		X           97,000 0 0
(7) SUREEL A CHOKSI......................................................................
BOARD MEMBER
 2.00
.................
0.00 		X           97,000 0 0
(8) WADE T DYKE......................................................................
BOARD MEMBER
 2.00
.................
0.00 		X           97,000 0 0
(9) AMINTA H BREAUX......................................................................
BOARD MEMBER
 2.00
.................
0.00 		X           85,000 0 0
(10) ARDINE WILLIAMS......................................................................
BOARD MEMBER
 2.00
.................
0.00 		X           85,000 0 0
(11) ERIK I MORENO......................................................................
BOARD MEMBER
 2.00
.................
0.00 		X           85,000 0 0
(12) MICHAEL D KING......................................................................
BOARD MEMBER
 2.00
.................
0.00 		X           85,000 0 0
(13) RUBEN M FLORES......................................................................
BOARD MEMBER
 2.00
.................
0.00 		X           85,000 0 0
(14) SUSAN J ELLSPERMANN......................................................................
BOARD MEMBER
 2.00
.................
0.00 		X           85,000 0 0
(15) THOMAS B MANGAS......................................................................
BOARD MEMBER
 2.00
.................
0.00 		X           85,000 0 0
(16) RUTH WATKINS......................................................................
PRESIDENT, POSTSECONDARY EDUCATION
 35.00
.................
5.00 		    X       1,000,590 0 106,905
(17) LARRY LUTZ......................................................................
EVP, CORPORATE DEVELOPMENT
 39.00
.................
1.00 		    X       673,733 0 82,485
Form 990 (2024)
Form 990 (2024)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC) 		(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(18) RHONDA POWELL........................................................................
EVP, GEN COUNSEL & CORP SECRETARY
 39.00
.......................1.00 		    X       668,094 0 76,908
(19) THOMAS DAWSON........................................................................
PRESIDENT, STRADA COLLABORATIVE
 39.00
.......................1.00 		    X       654,103 0 74,883
(20) MICHAEL AUSTIN........................................................................
EVP, CFO, TREASURER
 39.00
.......................1.00 		    X       625,297 0 82,619
(21) GABRIELLA GOMEZ........................................................................
EVP, POLICY, ADVOCACY & COMMS
 40.00
.......................0.00 		    X       569,186 0 31,522
(22) ARISTIDE COLLINS JR........................................................................
EVP, CAO & CHIEF OF STAFF
 40.00
.......................0.00 		    X       514,605 0 43,953
(23) BETH COBERT........................................................................
PRES AFF & STRAT PSHPS (AS OF 11/24)
 40.00
.......................0.00 		    X       219,354 0 640
(24) JONATHAN FURR........................................................................
SVP & CHIEF CLEAR OUTCOMES OFFICER
 40.00
.......................0.00 		      X     544,734 0 68,468
(25) LEONARD GURIN........................................................................
SVP, CASH & INVESTMENTS
 40.00
.......................0.00 		      X     473,300 0 59,504
(26) THOMAS R ERTEL........................................................................
SVP, CHIEF ACCOUNTING OFFICER
 40.00
.......................0.00 		      X     488,745 0 40,692
(27) MICHELE CHANG........................................................................
SVP, CHIEF STRATEGY OFFICER
 40.00
.......................0.00 		      X     456,270 0 69,832
(28) HEATHER MCKAY........................................................................
SVP, EMP ENGMT/ED SFW (AS OF 2/24)
 40.00
.......................0.00 		      X     440,809 0 60,483
(29) JUSTIN DRAEGER........................................................................
SVP, AFFORDABILITY (AS OF 7/24)
 40.00
.......................0.00 		      X     368,461 0 29,091
(30) CRAIG ROBINSON........................................................................
SVP, QUALITY COACHING (AS OF 7/24)
 40.00
.......................0.00 		      X     298,895 0 37,503
(31) LAURA LOVE........................................................................
SVP, WRK-BASED LEARNING (AS OF 5/24)
 40.00
.......................0.00 		      X     244,760 0 38,196
(32) DAVID CLAYTON........................................................................
SVP, RESEARCH
 40.00
.......................0.00 		        X   557,423 0 70,263
(33) JESSICA HINKLE........................................................................
SVP, STRATEGIC INVESTMENTS
 40.00
.......................0.00 		        X   499,859 0 68,027
(34) MICHAEL MARRINER........................................................................
PRESIDENT, ROADTRIP NATION
 40.00
.......................0.00 		        X   479,461 0 38,909
(35) TERRY E HOLLOWAY........................................................................
SVP, CHIEF HUMAN RESOURCES OFFICER
 40.00
.......................0.00 		        X   447,546 0 64,857
(36) RUTH IDALENE BAUER........................................................................
PRESIDENT, INSIDE TRACK
 40.00
.......................0.00 		        X   451,217 0 27,848
1b Sub-Total..............
c Total from continuation sheets to Part VII, Section A..
d Total (add lines 1b and 1c)......... 13,321,667 0 1,327,337
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization 197
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............
3
 
No
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such
individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
TYTON PARTNERS CONSULTING LLC

75 FEDERAL ST SUITE 200
BOSTON,MA02110 		CONSULTING SERVICES 693,500
FREHARGUN LLC

15 NORWICH ROAD
WELLESLEY,MA02481 		BRANDING & MARKETING SERVICES 360,216
ERNST & YOUNG LLP

PO BOX 640382
PITTSBURGH,PA152640382 		AUDIT SERVICES 327,000
LOEB & LOEB LLP

10100 SANTA MONICA BLVD SUITE 22
LOS ANGELES,CA90067 		LEGAL SERVICES 295,193
FADED JEANS TECHNOLOGY LLC

24731 BLACK WILLOW DR
ALDIE,VA20105 		CYBERSECURITY SERVICES 286,280
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 15
Form 990 (2024)
Form 990 (2024)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII.............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512 - 514
Contributions, Gifts, Grants, and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues..1b  
c Fundraising events..1c  
d Related organizations1d  
e Government grants (contributions)1e 1,116,230
f All other contributions, gifts, grants, and similar amounts not included above1f 13,554,988
g Noncash contributions included in lines 1a - 1f:$ 1g  
h Total. Add lines 1a-1f....... 14,671,218
Program Service RevenueAmt Business Code
2a EDUC. TO OPP. SERVICES 611710 37,612,860 37,612,860    
b
c
d
e
f All other program service revenue.        
g Total. Add lines 2a–2f ..... 37,612,860
OtherAmtRevenueAmt 3 Investment income (including dividends, interest, and othersimilar amounts) ...... 34,403,132   3,778,942 30,624,190
4 Income from investment of tax-exempt bond proceeds        
5 Royalties........... 9,702     9,702
(i) Real (ii) Personal
6a Gross rents 6a 179,321  
b Less: rental expenses 6b 99,483  
c Rental income or (loss) 6c 79,838  
d Net rental income or (loss)....... 79,838     79,838
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 7a 470,766,939  
b Less: cost or other basis and sales expenses 7b 350,006,026  
c Gain or (loss) 7c 120,760,913  
d Net gain or (loss)......... 120,760,913     120,760,913
8a Gross income from fundraising events (not including $   of contributions reported on line 1c). See Part IV, line 18 ....
8a  
b Less: direct expenses ... 8b  
c Net income or (loss) from fundraising events..      
9a Gross income from gaming activities.
See Part IV, line 19 ...
9a  
b Less: direct expenses ... 9b  
c Net income or (loss) from gaming activities..        
10a Gross sales of inventory, less
returns and allowances ..
10a  
b Less: cost of goods sold .. 10b  
c Net income or (loss) from sales of inventory..        
OtherRevenueMiscAmt
Business Code
11a BUSINESS OPS. SUPPORT 561499 63,797 0 63,797 0
b EXECUTIVE SERVICES 541610 59,361 0 59,361 0
c            
d All other revenue ....        
e Total. Add lines 11a–11d ...... 123,158
12 Total revenue. See instructions..... 207,660,821 37,612,860 3,902,100 151,474,643
Form 990 (2024)
Form 990 (2024)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX..............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising
expenses
1 Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 .... 27,652,991 27,652,991
2 Grants and other assistance to domestic individuals. See Part IV, line 22 ...........    
3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............    
4 Benefits paid to or for members .......    
5 Compensation of current officers, directors, trustees, and key employees ........... 11,943,593 2,732,108 9,211,485  
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........        
7 Other salaries and wages........ 63,210,350 29,219,631 30,926,791 3,063,928
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 4,220,400 1,608,499 2,476,224 135,677
9 Other employee benefits ....... 7,862,769 3,629,313 4,157,117 76,339
10 Payroll taxes ........... 5,461,347 3,292,398 1,913,257 255,692
11 Fees for services (non-employees):        
a Management ......        
b Legal ......... 1,204,226   1,204,226  
c Accounting ........... 568,046   568,046  
d Lobbying ...........        
e Professional fundraising services. See Part IV, line 17    
f Investment management fees ...... 16,955,524   16,955,524  
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) 17,012,463 9,539,375 7,335,322 137,766
12 Advertising and promotion .... 2,185,702 389,051 1,794,736 1,915
13 Office expenses ....... 891,628 563,948 317,550 10,130
14 Information technology ...... 6,646,497 4,314,878 2,263,075 68,544
15 Royalties ..        
16 Occupancy ........... 2,752,789 1,634,068 1,090,988 27,733
17 Travel ............ 3,557,490 1,756,824 1,549,531 251,135
18 Payments of travel or entertainment expenses for any federal, state, or local public officials .        
19 Conferences, conventions, and meetings .... 2,111,679 1,239,487 761,358 110,834
20 Interest ...........        
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization .. 4,818,442 3,702,098 1,033,303 83,041
23 Insurance ... 775,202 274 774,928  
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a FEDERAL TAXES 312,406 0 312,406 0
b MISCELLANEOUS EXPENSE 215,192 113,953 100,899 340
c STATE TAXES 143,586 0 143,586 0
d
e All other expenses        
25 Total functional expenses. Add lines 1 through 24e 180,502,322 91,388,896 84,890,352 4,223,074
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).        
Form 990 (2024)
Form 990 (2024)
Page 11
Part X
Balance Sheet
Check if Schedule O contains a response or note to any line in this Part IX..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing ........   1  
2 Savings and temporary cash investments ......... 45,455,840 2 46,268,263
3 Pledges and grants receivable, net ......   3  
4 Accounts receivable, net ............. 2,542,961 4 23,363,621
5 Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
  5  
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
  6  
7 Notes and loans receivable, net ........... 672,400 7 672,400
8 Inventories for sale or use ............   8  
9 Prepaid expenses and deferred charges ...... 483,376 9 2,081,248
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 13,787,651
b Less: accumulated depreciation 10b 7,658,121 2,321,606 10c 6,129,530
11 Investments—publicly traded securities . 338,490,295 11 271,319,663
12 Investments—other securities. See Part IV, line 11 ..... 1,638,192,109 12 1,392,084,181
13 Investments—program-related. See Part IV, line 11 .. 58,010,454 13 64,360,454
14 Intangible assets ............... 0 14 9,771,054
15 Other assets. See Part IV, line 11 ........... 12,334,877 15 20,993,822
16 Total assets. Add lines 1 through 15 (must equal line 33)... 2,098,503,918 16 1,837,044,236
Liabilities 17 Accounts payable and accrued expenses ..... 23,343,848 17 27,754,571
18 Grants payable ... 20,302,337 18 21,136,136
19 Deferred revenue ......... 16,000 19 4,724,351
20 Tax-exempt bond liabilities .........   20  
21 Escrow or custodial account liability. Complete Part IV of Schedule D   21  
22 Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
  22  
23 Secured mortgages and notes payable to unrelated third parties ..   23  
24 Unsecured notes and loans payable to unrelated third parties .. 0 24 222,444
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D 12,475,873 25 23,064,405
26 Total liabilities. Add lines 17 through 25.. 56,138,058 26 76,901,907
Net Assets or Fund Balance Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27 Net assets without donor restrictions .......... 2,042,365,860 27 1,760,142,329
28 Net assets with donor restrictions ...........   28  
Organizations that do not follow FASB ASC 958, check here right arrow and complete lines 29 through 33.
29 Capital stock or trust principal, or current funds .....   29  
30 Paid-in or capital surplus, or land, building or equipment fund ...   30  
31 Retained earnings, endowment, accumulated income, or other funds   31  
32 Total net assets or fund balances ........... 2,042,365,860 32 1,760,142,329
33 Total liabilities and net assets/fund balances ........ 2,098,503,918 33 1,837,044,236
Form 990 (2024)
Form 990 (2024)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
207,660,821
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
180,502,322
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
27,158,499
4
Net assets or fund balances at beginning of year (must equal Part X, line 32, column (A)) ..
4
2,042,365,860
5
Net unrealized gains (losses) on investments ...............
5
43,251,429
6
Donated services and use of facilities .................
6
482,291
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
-353,115,750
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 32, column (B))
10
1,760,142,329
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII.............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain on
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Uniform Guidance, 2 C.F.R. Part 200, Subpart F?
3a
Yes
 
b
If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.
3b
Yes
 
Form 990 (2024)
Form 990 (2024)
Additional Data


Software ID:  
Software Version:  
Form 990, Special Condition Description:
Special Condition Description
SCHEDULE A
(Form 990)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support
Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ.
right arrow Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public
Inspection
Name of the organization
STRADA EDUCATION FOUNDATION INC
 
Employer identification number

47-3044430
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions.
The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)
1
2
3
4
5
6
7
8
9
10
11
12
a
b
c
d
e
f
Enter the number of supported organizations ...............................  
g
Provide the following information about the supported organization(s).
(i) Name of supported organization (ii) EIN (iii) Type of organization (described on lines 1- 10 above (see instructions)) (iv) Is the organization listed in your governing document? (v) Amount of monetary support (see instructions) (vi) Amount of other support (see instructions)
Yes No
Total
 
   
For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.
Cat. No. 11285F
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 2
Part II
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization failed to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. 0 0 250,000 49,441,886 14,671,218 64,363,104
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf ....            
3 The value of services or facilities furnished by a governmental unit to the organization without charge..            
4 Total. Add lines 1 through 3     250,000 49,441,886 14,671,218 64,363,104
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) ..  
6 Public support. Subtract line 5 from line 4. 64,363,104
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (f) Total
7 Amounts from line 4..     250,000 49,441,886 14,671,218 64,363,104
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... 15,675,127 13,478,201 36,037,129 40,908,214 34,592,155 140,690,826
9 Net income from unrelated business activities, whether or not the business is regularly carried on.. 178,969 149,047 170,132 241,563 478,765 1,218,476
10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. 609,802 1,856,540 382,820 456,757   3,305,919
11 Total support. Add lines 7 through 10 209,578,325
12
12
 
13
First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here ........................................right arrow
Section C. Computation of Public Support Percentage
14
14
30.710 %
15
15
 
16a
33 1/3% support test—2024. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization .......................right arrow
b
33 1/3% support test—2023. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow
17a
10%-facts-and-circumstances test—2024. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow
b
10%-facts-and-circumstances test—2023. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow
18
Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 3
Part III
Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .            
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose            
3 Gross receipts from activities that are not an unrelated trade or business under section 513 .....            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge            
6 Total. Add lines 1 through 5            
7a Amounts included on lines 1, 2, and 3 received from disqualified persons            
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.            
c Add lines 7a and 7b..            
8 Public support. (Subtract line 7c from line 6.)  
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (f) Total
9 Amounts from line 6...            
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b.            
11 Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..            
13 Total support. (Add lines 9, 10c, 11, and 12.)..            
14
First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here................................................. right arrow
Section C. Computation of Public Support Percentage
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
33 1/3% support tests-2024. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow
b
33 1/3 % support tests—2023. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ..... right arrow
20
Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 4
Part IV
Supporting Organizations
(Complete only if you checked a box on line 12 of Part I. If you checked box 12a, of Part I, complete Sections A and B. If you checked box 12b, of Part I, complete Sections A and C. If you checked box 12c, of Part I, complete Sections A, D, and E. If you checked box12d, of Part I, complete Sections A and D, and complete Part V.)
Section A. All Supporting Organizations
Yes
No
1
Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.
1
 
 
2
Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).
2
 
 
3a
Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer lines 3b and 3c below.
3a
 
 
b
Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.
3b
 
 
c
Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.
3c
 
 
4a
Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked box 12a or 12b in Part I, answer lines 4b and 4c below.
4a
 
 
b
Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.
4b
 
 
c
Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.
4c
 
 
5a
Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer lines 5b and 5c below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).
5a
 
 
b
Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?
5b
 
 
c
Substitutions only. Was the substitution the result of an event beyond the organization's control?
5c
 
 
6
Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.
6
 
 
7
Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .
7
 
 
8
Did the organization make a loan to a disqualified person (as defined in section 4958) not described on line 7? If “Yes,” complete Part I of Schedule L (Form 990).
8
 
 
9a
Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons, as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.
9a
 
 
b
Did one or more disqualified persons (as defined on line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.
9b
 
 
c
Did a disqualified person (as defined on line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.
9c
 
 
10a
Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.
10a
 
 
b
Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).
10b
 
 
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 5
Part IV
Supporting Organizations (continued)
Yes
No
11
Has the organization accepted a gift or contribution from any of the following persons?
a
A person who directly or indirectly controls, either alone or together with persons described on lines 11b and 11c below, the governing body of a supported organization?
11a
 
 
b
A family member of a person described on 11a above?
11b
 
 
c
A 35% controlled entity of a person described on line 11a or 11b above? If “Yes” to 11a, 11b, or 11c, provide detail in Part VI.
11c
 
 
Section B. Type I Supporting Organizations
Yes
No
1
Did the officers, directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.
1
 
 
2
Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.
2
 
 
Section C. Type II Supporting Organizations
Yes
No
1
Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).
1
 
 
Section D. All Type III Supporting Organizations
Yes
No
1
Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?
1
 
 
2
Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).
2
 
 
3
By reason of the relationship described in line 2 above, did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.
3
 
 
Section E. Type III Functionally-Integrated Supporting Organizations
1
Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):
a
b
c
2
Activities Test. Answer lines 2a and 2b below.
Yes
No
a
Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.
2a
 
 
b
Did the activities described on line 2a, above constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.
2b
 
 
3
Parent of Supported Organizations. Answer lines 3a and 3b below.
a
Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations?If "Yes" or "No", provide details in Part VI.
3a
 
 
b
Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.
3b
 
 
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 6
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations
1
Section A - Adjusted Net Income (A) Prior Year (B) Current Year
(optional)
1 Net short-term capital gain 1    
2 Recoveries of prior-year distributions 2    
3 Other gross income (see instructions) 3    
4 Add lines 1 through 3 4    
5 Depreciation and depletion 5    
6 Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) 6    
7 Other expenses (see instructions) 7    
8 Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) 8    
Section B - Minimum Asset Amount (A) Prior Year (B) Current Year
(optional)
1 Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): 1
a Average monthly value of securities 1a    
b Average monthly cash balances 1b    
c Fair market value of other non-exempt-use assets 1c    
d Total (add lines 1a, 1b, and 1c) 1d    
e Discount claimed for blockage or other factors
(explain in detail in Part VI):  
2 Acquisition indebtedness applicable to non-exempt use assets 2    
3 Subtract line 2 from line 1d 3    
4 Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). 4    
5 Net value of non-exempt-use assets (subtract line 4 from line 3) 5    
6 Multiply line 5 by 0.035 6    
7 Recoveries of prior-year distributions 7    
8 Minimum Asset Amount (add line 7 to line 6) 8    
Section C - Distributable Amount Current Year
1 Adjusted net income for prior year (from Section A, line 8, Column A) 1  
2 Enter 85% of line 1 2  
3 Minimum asset amount for prior year (from Section B, line 8, Column A) 3  
4 Enter greater of line 2 or line 3 4  
5 Income tax imposed in prior year 5  
6 Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) 6  
7
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 7
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations(continued)
Section D - Distributions Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes 1  
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in
excess of income from activity 		2  
3 Administrative expenses paid to accomplish exempt purposes of supported organizations 3  
4 Amounts paid to acquire exempt-use assets 4  
5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) 5  
6 Other distributions (describe in Part VI). See instructions 6  
7Total annual distributions. Add lines 1 through 6. 7  
8 Distributions to attentive supported organizations to which the organization is responsive (provide
details in Part VI). See instructions 		8  
9 Distributable amount for 2024 from Section C, line 6 9  
10 Line 8 amount divided by Line 9 amount 10  
Section E - Distribution Allocations (see instructions) (i)
Excess Distributions 		(ii)
Underdistributions
Pre-2024 		(iii)
Distributable
Amount for 2024
1 Distributable amount for 2024 from Section C, line 6  
2 Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI).
See instructions.		  
3 Excess distributions carryover, if any, to 2024:
a From 2019.......  
b From 2020.......  
c From 2021.......  
d From 2022.......  
e From 2023.......  
fTotal of lines 3a through e  
g Applied to underdistributions of prior years  
h Applied to 2024 distributable amount  
i Carryover from 2019 not applied (see
instructions) 		 
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.  
4Distributions for 2024 from Section D, line 7:
$  
a Applied to underdistributions of prior years  
b Applied to 2024 distributable amount  
c Remainder. Subtract lines 4a and 4b from line 4.  
5 Remaining underdistributions for years prior to
2024, if any. Subtract lines 3g and 4a from line 2.
If the amount is greater than zero, explain in Part VI.
See instructions. 		 
6 Remaining underdistributions for 2024. Subtract
lines 3h and 4b from line 1. If the amount is greater
than zero, explain in Part VI. See instructions. 		 
7 Excess distributions carryover to 2025. Add lines
3j and 4c. 		 
8 Breakdown of line 7:
a Excess from 2020.....  
b Excess from 2021.....  
c Excess from 2022.....  
d Excess from 2023.....  
e Excess from 2024.....  
Schedule A (Form 990) (2024)

Schedule A (Form 990) 2024
Page 8
Part VI
Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Return Reference Explanation
SCHEDULE A, PART II, SECTION B, LINE 10: EXPLANATION FOR OTHER INCOME: 2020 $112,000 - CONSUMER INSIGHTS REP. $495,982 - LOAN SCIENCE REVENUE $1,820 - ALL OTHER REVENUE $609,802 - TOTAL 2021 $138,000 - CONSUMER INSIGHTS REP. $1,718,540 - REIMB. FROM AFFILIATES $1,856,540 - TOTAL 2022 $382,505 - REIMB. FROM AFFILIATES $315 - ALL OTHER REVENUE $382,820 - TOTAL 2023 $456,757 - REIMB. FROM AFFILIATES $456,757 - TOTAL
SCHEDULE A, PART II, SECTION C, LINE 17A: STRADA EDUCATION FOUNDATION, INC. ("STRADA") QUALIFIES AS A PUBLICLY-SUPPORTED CHARITY BECAUSE IT MEETS THE 10 PERCENT PLUS FACTS AND CIRCUMSTANCES TEST UNDER TREAS. REG. 1.170A-9(F)(3) IN THE FOLLOWING RESPECTS: 1. TEN PERCENT SUPPORT LIMITATION. STRADA NORMALLY RECEIVES SUBSTANTIAL SUPPORT FROM A VARIETY OF PUBLIC SOURCES. FOR TAX YEAR 2024, STRADA'S PUBLIC SUPPORT PERCENTAGE IS 30.71 PERCENT, WELL ABOVE THE 10 PERCENT PUBLIC SUPPORT THRESHOLD. 2. BROAD BASED SOURCES OF SUPPORT. STRADA IS ORGANIZED AND OPERATED TO ATTRACT NEW AND ADDITIONAL SUPPORT ON AN ONGOING BASIS. STRADA (BOTH DIRECTLY AND THROUGH ITS DISREGARDED ENTITIES) MAINTAINS A CONTINUOUS AND BONA FIDE DEVELOPMENT PROGRAM AND CARRIES ON ACTIVITIES DESIGNED TO ATTRACT SUPPORT FROM FUNDERS THAT SHARE AN INTEREST IN THE ORGANIZATION'S EDUCATION AND WORKFORCE PRIORITIES. DURING TAX YEAR 2024, STRADA RECEIVED GRANTS AND CONTRIBUTIONS FROM A TOTAL OF 69 CONTRIBUTORS, INCLUDING INDIVIDUALS, PUBLIC CHARITIES, STATE AND FEDERAL GOVERNMENTAL UNITS, PRIVATE FOUNDATIONS, AND CORPORATIONS. 3. REPRESENTATIVE GOVERNING BODY. STRADA'S FIFTEEN MEMBER BOARD OF TRUSTEES IS REPRESENTATIVE OF BROAD INTERESTS OF THE PUBLIC AND THE PARTICULAR EXPERTISE REQUIRED TO ADVANCE STRADA'S CHARITABLE MISSION. THE BOARD IS COMPOSED OF LEADERS IN A VARIETY OF RELEVANT FIELDS, INCLUDING POSTSECONDARY EDUCATION (INCLUDING TWO UNIVERSITY PRESIDENTS AND THE DEAN OF A BUSINESS SCHOOL), WORKFORCE DEVELOPMENT, PRIVATE EQUITY, AND LAW. 4. PUBLIC SERVICES AND PARTICIPATION IN PROGRAMS OR POLICIES. STRADA'S ACTIVITIES AND PROGRAMS - INCLUDING GRANTMAKING AND CONVENINGS, RESEARCH, POLICY SOLUTIONS, AND AFFILIATE PROGRAMS - ARE OF DIRECT BENEFIT TO THE GENERAL PUBLIC. GRANTMAKING AND CONVENINGS - IN 2024, STRADA MADE OVER 90 GRANTS TO NONPROFIT ORGANIZATIONS, POSTSECONDARY EDUCATION INSTITUTIONS, AND WORKFORCE AND SKILLS-BASED EDUCATION PROVIDERS, INCLUDING A $25M, MULTI-YEAR SERIES OF GRANTS DESIGNED TO SUPPORT SCHOLARSHIP AND LEADERSHIP DEVELOPMENT PROGRAMS FOR 450 STUDENTS AT 48 HISTORICALLY BLACK COLLEGES AND UNIVERSITIES ACROSS THE COUNTRY. STRADA ALSO HOSTED A VARIETY OF STRATEGIC CONVENINGS, FACILITATING COLLABORATION ACROSS HIGHER EDUCATION, WORKFORCE DEVELOPMENT, PHILANTHROPY AND GOVERNMENT. RESEARCH - IN 2024, STRADA RELEASED FOUR RESEARCH REPORTS, INCLUDING THE INAUGURAL STATE OPPORTUNITY INDEX ("SOI"). THE SOI REPORT HELPS STATES ASSESS HOW WELL THEY ARE CONNECTING EDUCATION TO OPPORTUNITY ACROSS SEVERAL KEY METRICS. PREPARED IN CONJUNCTION WITH A WIDE VARIETY OF EXPERT ADVISORS ACROSS HIGHER EDUCATION, WORKFORCE DEVELOPMENT AND PHILANTHROPY, THE SOI FINDINGS WERE DISSEMINATED BROADLY THROUGH PRESENTATIONS, CONFERENCES, AND A VARIETY OF DIGITAL CHANNELS, AND THE REPORT IS AVAILABLE TO THE GENERAL PUBLIC ON STRADA'S WEBSITE. MORE BROADLY, IN 2024, STRADA'S RESEARCH REPORTS WERE PRESENTED AT 36 EVENTS IN 17 STATES AND THE DISTRICT OF COLUMBIA, AND ROUGHLY 68,118 UNIQUE USERS ACCESSED STRADA'S RESEARCH REPORTS THROUGH ITS WEBSITE. POLICY SOLUTIONS - IN 2024, STRADA RELEASED ITS FIRST-EVER PUBLIC POLICY AGENDA, WHICH PROVIDES A NON-PARTISAN, HOLISTIC APPROACH TO IMPROVING POLICY SO THAT ALL LEARNERS HAVE THE OPPORTUNITIES AND SUPPORT THEY NEED TO COMPLETE AN EDUCATION PATHWAY AND SUCCEED IN A MEANINGFUL CAREER. SIMILAR TO ITS RESEARCH REPORTS, STRADA'S POLICY SOLUTIONS ARE DISSEMINATED BROADLY AT EVENTS, THROUGH A VARIETY OF DIGITAL CHANNELS, AND ARE AVAILABLE ON ITS WEBSITE. AFFILIATE PROGRAMS - IN 2024, STRADA'S AFFILIATE PROGRAMS (OPERATED THROUGH DISREGARDED ENTITIES) FURTHERED THE FOLLOWING CHARITABLE PRIORITIES FOR THE DIRECT BENEFIT OF THE PUBLIC: (I) SUPPORTING NON-TRADITIONAL AND POST-TRADITIONAL ADULT LEARNERS; (II) CREATING CAREER EXPLORATION MEDIA RESOURCES FOR STUDENTS; (III) DRIVING WORK-BASED LEARNING OPPORTUNITIES; (IV) PROVIDING EDUCATIONAL AND CAREER SUPPORT TO STUDENTS THROUGH COACHES AND MENTORS; AND (V) ADVANCING NON-DEGREE CREDENTIALS THROUGH DATA-DRIVEN INSIGHTS ON OUTCOMES.
Schedule A (Form 990) 2024


Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
STRADA EDUCATION FOUNDATION INC
 
Employer identification number

47-3044430
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
STRADA EDUCATION FOUNDATION INC
  		Employer identification number
47-3044430
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
RESTRICTED
 
 
 
 
  ,    

$ RESTRICTED


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
STRADA EDUCATION FOUNDATION INC
  		Employer identification number

47-3044430
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
STRADA EDUCATION FOUNDATION INC
  		Employer identification number

47-3044430
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  
SCHEDULE C
(Form 990)

Department of the Treasury
Internal Revenue Service
Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527

right arrow Complete if the organization is described below. right arrow Attach to Form 990 or Form 990-EZ.
right arrowGo to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public
Inspection
If the organization answered "Yes" on Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet Section 527 organizations: Complete Part I-A only.
If the organization answered "Yes" on Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B.
Round Bullet Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered "Yes" on Form 990, Part IV, Line 5 (Proxy Tax) (see separate instructions) or Form 990-EZ, Part V, line 35c (Proxy Tax) (see separate instructions), then
Round Bullet Section 501(c)(4), (5), or (6) organizations: Complete Part III.
Name of the organization
STRADA EDUCATION FOUNDATION INC
 
Employer identification number

47-3044430
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization’s direct and indirect political campaign activities in Part IV. See instructions for definition of “political campaign activities."

2
Political campaign activity expenditures. See instructions ....................................................................right arrow
$  
3
Volunteer hours for political campaign activities. See instructions ..................................................................
 

Part I-B
Complete if the organization is exempt under section 501(c)(3).
1
Enter the amount of any excise tax incurred by the organization under section 4955 ................................right arrow
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 .......................right arrow
$  
3
If the organization incurred a section 4955 tax, did it file Form 4720 for this year? .........................................
4a
Was a correction made? ......................................................................................................................
b
If "Yes," describe in Part IV.
Part I-C
Complete if the organization is exempt under section 501(c), except section 501(c)(3).
1
Enter the amount directly expended by the filing organization for section 527 exempt function activities ..... right arrow
$  
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ............................................................................................................................right arrow

$  
3
Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b...........right arrow

$  
4
Did the filing organization file Form 1120-POL for this year? ...................................................................
5
Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.
(a) Name (b) Address (c) EIN (d) Amount paid from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.
1
2
3
4
5
6
For Paperwork Reduction Act Notice, see the instructions for Form 990.
Cat. No. 50084S
Schedule C (Form 990) 2024

Schedule C (Form 990) 2024
Page 2
Part II-A
Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).
A Check right arrowexpenses, and share of excess lobbying expenditures).
B Check right arrow
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
organization's
totals 		(b) Affiliated group totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ......................    
b Total lobbying expenditures to influence a legislative body (direct lobbying) ........................    
c Total lobbying expenditures (add lines 1a and 1b) ............................................................    
d Other exempt purpose expenditures ...............................................................................    
e Total exempt purpose expenditures (add lines 1c and 1d) ..................................................    
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		    
If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
Not over $500,00020% of the amount on line 1e.
Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
Over $17,000,000$1,000,000.
g Grassroots nontaxable amount (enter 25% of line 1f) .................................................    
h Subtract line 1g from line 1a. If zero or less, enter -0-. ................................................    
i Subtract line 1f from line 1c. If zero or less, enter -0-. ................................................    
j If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting
section 4911 tax for this year? ...................................................................................................................

4-Year Averaging Period Under Section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
Calendar year (or fiscal year
beginning in) 		(a) 2021 (b) 2022 (c) 2023 (d) 2024 (e) Total
2a Lobbying nontaxable amount          
b Lobbying ceiling amount
(150% of line 2a, column(e)) 		 
c Total lobbying expenditures          
d Grassroots nontaxable amount          
e Grassroots ceiling amount
(150% of line 2d, column (e))		  
f Grassroots lobbying expenditures          
Schedule C (Form 990) 2024


Schedule C (Form 990) 2024
Page 3
Part II-B
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
For each "Yes" response on lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.
(a)
Yes
No
(b)
Amount
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? ...........................................................................................................
 
No
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ........
 
No
c
Media advertisements? ...................................................................................................
 
No
 
d
Mailings to members, legislators, or the public? .............................................................................
 
No
 
e
Publications, or published or broadcast statements? ...........................................................
 
No
 
f
Grants to other organizations for lobbying purposes? ..........................................................
Yes
 
150,000
g
Direct contact with legislators, their staffs, government officials, or a legislative body? .......................
 
No
 
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ..................
 
No
 
i
Other activities? ...................................................................................................................
 
No
 
j
Total. Add lines 1c through 1i ....................................................................................................
150,000
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
No
b
If "Yes," enter the amount of any tax incurred under section 4912 ...........................................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 ...................
 
d
If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? ........................
 
 
Part III-A
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).
Yes
No
1
Were substantially all (90% or more) dues received nondeductible by members? ...............................................
1
 
 
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ............................................
2
 
 
3
Did the organization agree to carry over lobbying and political expenditures from the prior year? .................................
3
 
 
Part III-B
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered "No" OR (b) Part III-A, line 3, is answered “Yes."
1
Dues, assessments and similar amounts from members ......................................................................
1
 
2
Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political expenses for which the section 527(f) tax was paid).
a
Current year .............................................................................................................................
2a
 
b
Carryover from last year ............................................................................................................
2b
 
c
Total ...........................................................................................................................................
2c
 
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
 
4
If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ......................................................................................................................
4
 
5
Taxable amount of lobbying and political expenditures. See Instructions .........................................
5
 
Part IV
Supplemental Information
Provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, lines 1 and 2 (see instructions), and Part ll-B, line 1. Also, complete this part for any additional information.
Return Reference Explanation
PART II - B, LINE 1, LOBBYING ACTIVITIES: GRANT TO CALIFORNIA COMPETES, A 501(C)(3) ORGANIZATION, TO SUPPORT CALIFORNIA COMPETES IN DEVELOPING AND IMPLEMENTING AN ADVOCACY STRATEGY AIMED AT ENHANCING CALIFORNIA'S WORKFORCE DATA SYSTEMS WITH A FOCUS ON IMPROVING THE UNEMPLOYMENT INSURANCE BASE WAGE FILE AND INTEGRATING STRADA'S TEN KEY DATA ELEMENTS INTO THE CRADLE-TO-CAREER (C2C) DATA SYSTEM. THESE IMPROVEMENTS ARE INTENDED TO STREAMLINE DATA COLLECTION, BETTER ASSESS THE CONNECTION BETWEEN EDUCATION AND WORKFORCE OUTCOMES, AND ENSURE ALL LEARNERS HAVE ACCESS TO OPPORTUNITY.
Schedule C (Form 990) 2024


Additional Data


Software ID:  
Software Version:  

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
right arrow Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
right arrow Attach to Form 990.
right arrow Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public Inspection
Name of the organization
STRADA EDUCATION FOUNDATION INC
 
Employer identification number

47-3044430
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .........    
2 Aggregate value of contributions to (during year)    
3 Aggregate value of grants from (during year)    
4 Aggregate value at end of year ........    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ...................... 2a  
b Total acreage restricted by conservation easements .................... 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after July 25, 2006, and not on a historic structure listed in the National Register ... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year right arrow  
4
Number of states where property subject to conservation easement is located right arrow  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............
6
Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow  
7
Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenue included on Form 990, Part VIII, line 1 .........................right arrow $  
(ii)
Assets included in Form 990, Part X ...............................right arrow $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:
a
Revenue included on Form 990, Part VIII, line 1 ..........................right arrow $  
b
Assets included in Form 990, Part X ...............................right arrow $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) (Rev. 1-2025)

Schedule D (Form 990) (Rev. 1-2025)
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b If "Yes," explain the arrangement in Part XIII and complete the following table: Amount
c Beginning balance ............................. 1c  
d Additions during the year ............................ 1d  
e Distributions during the year .......................... 1e  
f Ending balance ................................ 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....
Part V
Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.
(a) Current year (b) Prior year (c) Two years back (d) Three years back (e) Four years back
1a Beginning of year balance ....          
b Contributions ...          
c Net investment earnings, gains, and losses          
d Grants or scholarships ...          
e Other expenditures for facilities
and programs ... 		         
f Administrative expenses ....          
g End of year balance ......          
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment right arrow  
b
Permanent endowment right arrow  
c
Term endowment right arrow  
The percentages on lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) Unrelated organizations .................
3a(i)
 
 
(ii) Related organizations .................
3a(ii)
 
 
b
If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis
(investment) 		(b) Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .....      
b Buildings ....        
c Leasehold improvements   6,852,862 1,392,100 5,460,762
d Equipment ....   6,934,789 6,266,021 668,768
e Other .....        
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..right arrow 6,129,530
Schedule D (Form 990) (Rev. 1-2025)

Schedule D (Form 990) (Rev. 1-2025)
Page 3
Part VII
Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1) Financial derivatives.........    
(2) Closely-held equity interests........    
(3) Other
(A) FIXED INCOME: CORPORATE BONDS		 61,752,070 F

(B) EQUITY SECURITIES		 248,426,241 F

(C) DIRECT INVESTMENTS - EQUITY		 77,375,695 F

(D) DIRECT INVESTMENTS - DEBT		 21,229,537 F

(E) PRIVATE EQUITY FUNDS		 677,131,783 F

(F) PRIVATE CREDIT FUNDS		 73,128,112 F

(G) PRIVATE REAL ASSETS/ALTS/POOLED ACCTS		 233,040,743 F
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)right arrow 1,392,084,181
Part VIII
Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)right arrow  
Part IX
Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........right arrow  
Part X
Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
(1) Federal income taxes  
DUE TO AFFILIATE 1,141,150
RIGHT OF USE LIABILITY - LEASES 21,923,255







Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)right arrow 23,064,405
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII
Schedule D (Form 990) (Rev. 1-2025)

Schedule D (Form 990) (Rev. 1-2025)
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total revenue, gains, and other support per audited financial statements ....... 1  
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a  
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ........... 2d  
e Add lines 2a through 2d ..................... 2e  
3 Subtract line 2e from line 1.................. 3  
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b.................... 4c  
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5  
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements ........... 1  
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities ......... 2a  
b Prior year adjustments ............ 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ........... 2d  
e Add lines 2a through 2d.................... 2e  
3 Subtract line 2e from line 1................... 3  
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b..................... 4c  
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5  
Part XIII
Supplemental Information
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference Explanation
PART X, LINE 2: PER THE CONSOLIDATED FINANCIAL STATEMENTS OF STRADA EDUCATION FOUNDATION, INC., "THE COMPANY ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES ON A MORE-LIKELY-THAN-NOT CRITERION BASED ON THE POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THERE WERE NO UNCERTAINTIES THAT REQUIRE RECOGNITION OR DISCLOSURE AS OF DECEMBER 31, 2024 OR 2023."
Schedule D (Form 990) (Rev. 1-2025)


Additional Data


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SCHEDULE F(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right arrow Complete if the organization answered "Yes" to Form 990, Part IV, line 14b, 15, or 16.Right arrow Attach to Form 990.Right arrow Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public Inspection
Name of the organization
STRADA EDUCATION FOUNDATION INC
 
Employer identification number

47-3044430
Part I
General Information on Activities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 14b.
1
For grantmakers. Does the organization maintain records to substantiate the amount of its grants and
other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria used
to award the grants or assistance? . . . . . . . . . . . . . . . . . . . . . . . . .
2
For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.
3
Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees, agents, and independent contractors in the region (d) Activities conducted in region (by type) (such as, fundraising, program services, investments, grants to recipients located in the region) (e) If activity listed in (d) is a program service, describe specific type of
service(s) in the region		 (f) Total expenditures
for and investments
in the region
EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS   16,228,903
CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS   17,597,200
NORTH AMERICA 0 0 INVESTMENTS   8,466,114
EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS   5,864,148
MIDDLE EAST & NORTH AFRICA 0 0 INVESTMENTS   819,627
           
           
           
           
           
           
           
           
           
           
           
           
3a Sub-total .... 0 0 48,975,992
b Total from continuation sheets to Part I ... 0 0 0
c Totals (add lines 3a and 3b) 0 0 48,975,992
For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) (Rev. 1-2025)
Schedule F (Form 990) (Rev. 1-2025)
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (c) Region (d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount
of noncash
assistance 		(h) Description
of noncash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
             
             
             
             
             
             
             
             
             
             
             
             
             
             
             
             
2 Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .......MediumBullet
 
3 Enter total number of other organizations or entities .......................MediumBullet
 
Schedule F (Form 990) (Rev. 1-2025)
Schedule F (Form 990) (Rev. 1-2025)Page 3
Part III
Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 16.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of
cash grant 		(e) Manner of cash
disbursement 		(f) Amount of
noncash
assistance 		(g) Description
of noncash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
Schedule F (Form 990) (Rev. 1-2025)
Schedule F (Form 990) (Rev. 1-2025)
Page 4
Part IV
Foreign Forms
1 Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to separately file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A; don't file with Form 990). . . . . . . . . . . . . . . . . . . . . . . .
3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471). . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621) .
5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships (see Instructions for Form 8865). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to separately file Form 5713, International Boycott Report (see Instructions for Form 5713; don't file with Form 990).. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule F (Form 990) (Rev. 1-2025)
Schedule F (Form 990) (Rev. 1-2025)
Page 5
Part V
Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information. See instructions.
ReturnReference Explanation
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
Schedule F (Form 990) (Rev. 1-2025)
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Schedule I
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990.
lBullet Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public
Inspection
Name of the organization
STRADA EDUCATION FOUNDATION INC
 
Employer identification number
47-3044430
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient
that received more than $5,000. Part II can be duplicated if additional space is needed.
(a) Name and address of organization
or government		 (b) EIN (c) IRC section
(if applicable)		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
noncash assistance		 (h) Purpose of grant
or assistance
(1) COPPIN STATE UNIVERSITY DEVELOPMENT FOUNDATION INC
2500 W NORTH AVE
BALTIMORE,MD212163633 		23-7127440 501(C)(3) 5,500 0     OPERATING GRANT
(2) 100 BLACK MEN OF INDIANAPOLIS INC
1500 EAST MICHIGAN STREET ROOM 8
INDIANAPOLIS,IN46202 		35-1813852 501(C)(3) 6,000 0     OPERATING GRANT
(3) COOPERATIVE FOR EDUCATION
2300 MONTANA AVE SUITE 401
CINCINNATI,OH45211 		31-1545464 501(C)(3) 7,500 0     OPERATING GRANT
(4) INSTITUTE FOR DOCTORAL STUDIES IN THE VISUAL ARTS
63 FEDERAL ST
PORTLAND,ME04101 		20-4984268 501(C)(3) 7,500 0     OPERATING GRANT
(5) URBAN ED INC
PO BOX 15398
WASHINGTON,DC20003 		52-2225018 501(C)(3) 7,500 0     OPERATING GRANT
(6) CAL STATE EAST BAY EDUCATIONAL FOUNDATION
25800 CARLOS BEE BLVD SA 2750
HAYWARD,CA945423000 		94-6128893 501(C)(3) 9,500 0     OPERATING GRANT
(7) CAPITAL AREA FOOD BANK INC
4900 PUERTO RICO AVE NE
WASHINGTON,DC20017 		52-1167581 501(C)(3) 9,500 0     OPERATING GRANT
(8) AFFILIATED SANTE GROUP
12200 TECH RD STE 330
SILVER SPRING,MD209041913 		52-1729566 501(C)(3) 10,000 0     OPERATING GRANT
(9) BUTLER UNIVERSITY
4600 SUNSET AVENUE
INDIANAPOLIS,IN46208 		35-0867977 501(C)(3) 10,000 0     OPERATING GRANT
(10) TRUSTEES OF THE COLLEGE OF THE HOLY CROSS
1 COLLEGE ST
WORCESTER,MA016102395 		04-2103558 501(C)(3) 10,000 0     OPERATING GRANT
(11) CONTEMPORARY ART FOR SAN ANTONIO
116 BLUE STAR
SAN ANTONIO,TX782041713 		74-2419615 501(C)(3) 10,000 0     OPERATING GRANT
(12) PATRIOT SHOUTOUT INDIANA INC DBA FOLDS OF HONOR INDIANA
4000 W 106TH ST STE 125 PMB 347
CARMEL,IN460327730 		46-2823616 501(C)(3) 10,000 0     OPERATING GRANT
(13) LOYOLA MARYMOUNT UNIVERSITY
1 LMU DR STE 1880
LOS ANGELES,CA900452678 		95-1643334 501(C)(3) 10,000 0     OPERATING GRANT
(14) THE SCHOLARSHIP FOUNDATION OF ST LOUIS
6825 CLAYTON AVENUE STE 100
ST LOUIS,MO63139 		43-6031234 501(C)(3) 10,000 0     OPERATING GRANT
(15) THE SCHOOL OF LEADERSHIP - AFGHANISTAN INC
75 STATE ST STE 100
BOSTON,MA02109 		80-0967564 501(C)(3) 10,000 0     OPERATING GRANT
(16) UNIVERSITY OF CALIFORNIA LOS ANGELES
10920 WILSHIRE BLVD 900
LOS ANGELES,CA90095 		95-6006143 SECTION 115 10,000 0     OPERATING GRANT
(17) UNIVERSITY OF MIAMI - MILLER SCHOOL OF MEDICINE
PO BOX 016960
MIAMI,FL33101 		59-0624458 501(C)(3) 11,000 0     OPERATING GRANT
(18) DRAKE UNIVERSITY
2507 UNIVERSITY AVE
DES MOINES,IA50311 		42-0680460 501(C)(3) 12,500 0     OPERATING GRANT
(19) HILLSDALE COLLEGE
33 EAST COLLEGE ST
HILLSDALE,MI49242 		38-1374230 501(C)(3) 12,500 0     OPERATING GRANT
(20) THE HOPE ACADEMY INC
3919 MADISON AVE STE 100
INDIANAPOLIS,IN462271383 		84-2099551 501(C)(3) 12,500 0     OPERATING GRANT
(21) BALL STATE UNIVERSITY FOUNDATION
2800 WEST BETHEL AVENUE
MUNCIE,IN47304 		35-6024566 501(C)(3) 15,000 0     OPERATING GRANT
(22) BENEDICT COLLEGE
1600 HARDEN ST
COLUMBIA,SC292041058 		57-0314365 501(C)(3) 110,177 0     OPERATING GRANT
(23) BRYN MAWR COLLEGE
101 N MERION AVE
BRYN MAWR,PA190102859 		23-1352621 501(C)(3) 15,000 0     OPERATING GRANT
(24) EMPOWER DANCE FOUNDATION
PO BOX 3352
DURHAM,NC27702 		82-1726612 501(C)(3) 15,000 0     OPERATING GRANT
(25) EVANGEL UNIVERSITY
1111 N GLENSTONE AVE
SPRINGFIELD,MO658022125 		44-0589787 501(C)(3) 15,000 0     OPERATING GRANT
(26) FEEDING SOUTH DAKOTA
4701 N WESTPORT AVE
SIOUX FALLS,SD571070123 		36-3293534 501(C)(3) 15,000 0     OPERATING GRANT
(27) HERMOSA BEACH EDUCATION FOUNDATION
PO BOX 864
HERMOSA BEACH,CA902540864 		33-0522270 501(C)(3) 15,000 0     OPERATING GRANT
(28) HISPANIC ASSOCIATION OF COLLEGES AND UNIVERSITIES
4801 NW LOOP 410 STE 701
SAN ANTONIO,TX782295344 		74-2466103 501(C)(3) 15,000 0     OPERATING GRANT
(29) LATIN AMERICAN YOUTH CENTER INC
1419 COLUMBIA RD NW
WASHINGTON,DC200094705 		52-1023074 501(C)(3) 15,000 0     OPERATING GRANT
(30) NORTHWOOD LOCAL EDUCATION ASSOCIATION
600 LEMOYNE RD
NORTHWOOD,OH43619 		34-1448109 501(C)(5) 15,000 0     OPERATING GRANT
(31) OBERLIN COLLEGE
173 W LORAIN ST
OBERLIN,OH440741092 		34-0714363 501(C)(3) 15,000 0     OPERATING GRANT
(32) SPELMAN COLLEGE
350 SPELMAN LANE SW BOX 1551
ATLANTA,GA303144399 		58-0566243 501(C)(3) 15,000 0     OPERATING GRANT
(33) THE CHILDREN'S HOSPITAL OF PHILADELPHIA FOUNDATION
3401 CIVIC CENTER BLVD
PHILADELPHIA,PA191044319 		23-2237932 501(C)(3) 15,000 0     OPERATING GRANT
(34) UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL ARTS AND SCIENCES FOUNDATION
523 E FRANKLIN ST
CHAPEL HILL,NC275143710 		56-1150509 501(C)(3) 15,000 0     OPERATING GRANT
(35) YOUTH FOR TOMORROW - NEW LIFE CENTER INC
11835 HAZEL CIRCLE DR
BRISTOW,VA201362180 		52-1342268 501(C)(3) 15,000 0     OPERATING GRANT
(36) JACKIE ROBINSON FOUNDATION INC
75 VARICK STREET
NEW YORK,NY10013 		13-2896345 501(C)(3) 20,000 0     OPERATING GRANT
(37) UCLA FOUNDATION
10889 WILSHIRE BLVD SUITE 1500
LOS ANGELES,CA90024 		95-2250801 501(C)(3) 20,000 0     OPERATING GRANT
(38) ALAMO COLLEGES FOUNDATION INC
2222 NORTH ALAMO STREET
SAN ANTONIO,TX782150000 		74-2422589 501(C)(3) 25,000 0     OPERATING GRANT
(39) BAYLOR COLLEGE OF MEDICINE
ONE BAYLOR PLAZA
HOUSTON,TX770303411 		74-1613878 501(C)(3) 25,000 0     OPERATING GRANT
(40) DISTRICT OF COLUMBIA OFFICE OF EDUCATION THROUGH EMPLOYMENT PATHWAYS
1350 PENNSYLVANIA AVE NW SUITE 307
WASHINGTON,DC20004 		53-6001131 GOV'T ENTITY 25,000 0     OPERATING GRANT
(41) INDIANA UNIVERSITY FOUNDATION
PO BOX 500
BLOOMINGTON,IN474020500 		35-6018940 501(C)(3) 25,000 0     OPERATING GRANT
(42) MANHATTAN BEACH EDUCATION FOUNDATION
325 S PECK AVE
MANHATTAN BEACH,CA902666946 		95-3881166 501(C)(3) 25,000 0     OPERATING GRANT
(43) UNIVERSITY OF SOUTHERN CALIFORNIA
1150 S OLIVE ST
LOS ANGELES,CA90015 		95-1642394 501(C)(3) 25,000 0     OPERATING GRANT
(44) UNIVERSITY OF MICHIGAN
701 S STATE STREET
ANN ARBOR,MI481093091 		38-6006309 SECTION 115 30,000 0     OPERATING GRANT
(45) BISHOP NOLL INSTITUTE FOUNDATION INC
1519 HOFFMAN STREET
HAMMOND,IN46327 		31-0973961 501(C)(3) 40,000 0     OPERATING GRANT
(46) NORTH CAROLINA A&T
1601 E MARKET ST
GREENSBORO,NC27411 		56-6000007 SECTION 115 110,177 0     OPERATING GRANT
(47) NATIONAL ALPHA LAMBDA DELTA INC
6800 PITTSFORD PALMYRA RD STE 340
FAIRPORT,NY144503584 		59-6134595 501(C)(3) 50,000 0     OPERATING GRANT
(48) AMERICAN ASSOCIATION OF COLLEGES AND UNIVERSITIES
1818 R STREET NW
WASHINGTON,DC20009 		52-1945674 501(C)(3) 50,000 0     OPERATING GRANT
(49) THE COLLEGE OF WILLIAM AND MARY
PO BOX 8795
WILLIAMSBURG,VA231878795 		54-6001718 SECTION 115 50,000 0     OPERATING GRANT
(50) CONGREGATION OF HOLY CROSS US PROVINCE INC
PO BOX 774
NOTRE DAME,IN46556 		32-0344245 501(C)(3) 50,000 0     OPERATING GRANT
(51) ITHAKA HARBORS INC
ONE LIBERTY PLAZA 165 BROADWAY
NEW YORK,NY10006 		13-3857105 501(C)(3) 50,000 0     OPERATING GRANT
(52) IVY TECH FOUNDATION INC
50 WEST FALL CREEK PARKWAY NORTH
DRIVE
INDIANAPOLIS,IN46208 		23-7073977 501(C)(3) 50,000 0     OPERATING GRANT
(53) KING'S COLLEGE
133 NORTH RIVER STREET
WILKESBARRE,PA187110801 		24-0804602 501(C)(3) 50,000 0     OPERATING GRANT
(54) NATIONAL ASSOCIATION OF HIGHER EDUCATION SYSTEMS
1100 H STREET NW SUITE 840
WASHINGTON,DC20005 		20-8987993 501(C)(3) 50,000 0     OPERATING GRANT
(55) UNIVERSITY OF PENNSYLVANIA
3451 WALNUT STREET ROOM 305
PHILADELPHIA,PA191045099 		23-1352685 SECTION 115 50,000 0     OPERATING GRANT
(56) UNIVERSITY OF VIRGINIA
PO BOX 400807
CHARLOTTESVILLE,VA229044807 		54-6001796 SECTION 115 50,000 0     OPERATING GRANT
(57) THE URBAN INSTITUTE
500 LENFANT PLAZA SW
WASHINGTON,DC20024 		52-0880375 501(C)(3) 50,000 0     OPERATING GRANT
(58) MARIAN UNIVERSITY
3200 COLD SPRING ROAD
INDIANAPOLIS,IN46222 		35-0868175 501(C)(3) 51,000 0     OPERATING GRANT
(59) DENMARK TECHNICAL COLLEGE
1126 SOLOMON SOLOMAN BLATT BLVD
DENMARK,SC29042 		57-6002144 SECTION 115 53,460 0     OPERATING GRANT
(60) DRAKE STATE TECHNICAL COLLEGE FOUNDATION INC
3421 MERIDIAN ST N
HUNTSVILLE,AL35811 		63-1002142 501(C)(3) 53,460 0     OPERATING GRANT
(61) ST PHILIP'S COLLEGE
1801 MARTIN LUTHER KING DR
SAN ANTONIO,TX78203 		74-2422589 501(C)(3) 53,460 0     OPERATING GRANT
(62) TRENHOLM STATE COMM COLLEGE
1225 AIR BASE BLVD
MONTGOMERY,AL36108 		46-5276257 SECTION 115 53,460 0     OPERATING GRANT
(63) UNIVERSITY OF NOTRE DAME
HOLY CROSS DR
NOTRE DAME,IN46556 		35-0868188 501(C)(3) 60,000 0     OPERATING GRANT
(64) THE ELIZABETH CITY STATE UNIVERSITY FOUNDATION
1704 WEEKSVILLE RD
ELIZABETH CITY,NC27909 		23-7115345 501(C)(3) 110,177 0     OPERATING GRANT
(65) GRAMBLING STATE UNIVERSITY
403 MAIN ST
GRAMBLING,LA71245 		72-6000751 SECTION 115 110,177 0     OPERATING GRANT
(66) MEDGAR EVERS COLLEGE
1650 BEDFORD AVE
BROOKLYN,NY11225 		13-3893536 SECTION 115 110,177 0     OPERATING GRANT
(67) MORGAN STATE UNIVERSITY
1700 E COLDSPRING LN
BALTIMORE,MD21251 		23-7089143 SECTION 115 110,177 0     OPERATING GRANT
(68) SIMMONS COLLEGE OF KENTUCKY INC
1018 S 7TH ST
LOUISVILLE,KY40203 		20-5289168 501(C)(3) 110,177 0     OPERATING GRANT
(69) COPPIN STATE UNIVERSITY
2500 W NORTH AVE
BALTIMORE,MD21216 		52-6002033 501(C)(3) 110,177 0     OPERATING GRANT
(70) LEMOYNE OWEN COLLEGE
807 WALKER AVE
MEMPHIS,TN38126 		62-0475690 501(C)(3) 110,177 0     OPERATING GRANT
(71) AMERICAN ASSOCIATION OF COLLEGIATE REGISTRARS AND ADMISSIONS OFFICERS
1108 16TH STREET NW SUITE 400
WASHINGTON,DC20006 		52-2274900 501(C)(3) 75,000 0     OPERATING GRANT
(72) THE FIELD SCHOOL INC
2301 FOXHALL ROAD NW
WASHINGTON,DC20007 		52-0960218 501(C)(3) 75,000 0     OPERATING GRANT
(73) WASHINGTON STUDENT ACHIEVEMENT COUNCIL
PO BOX 43430
OLYMPIA,WA985043430 		45-5122913 GOV'T ENTITY 75,000 0     OPERATING GRANT
(74) ALABAMA A&M UNIVERSITY
4900 MERIDIAN ST N
HUNTSVILLE,AL35811 		63-6001097 SECTION 115 110,177 0     OPERATING GRANT
(75) LANE COLLEGE
545 LANE AVE
JACKSON,TN38301 		62-0570060 501(C)(3) 110,177 0     OPERATING GRANT
(76) THE SHAW UNIVERSITY
118 E SOUTH ST
RALEIGH,NC27601 		56-0530235 501(C)(3) 110,176 0     OPERATING GRANT
(77) SOUTHERN UNIVERSITY AT NEW ORLEANS
6400 PRESS DR
NEW ORLEANS,LA70126 		72-6000817 SECTION 115 110,177 0     OPERATING GRANT
(78) WILEY COLLEGE
711 WILEY AVE
MARSHALL,TX75670 		75-0818183 501(C)(3) 110,177 0     OPERATING GRANT
(79) JARVIS CHRISTIAN UNIVERSITY
HWY 80 E 7631 PRIVATE ROAD
HAWKINS,TX75765 		75-0995027 501(C)(3) 110,177 0     OPERATING GRANT
(80) JOHNSON C SMITH UNIVERSITY
100 BEATTIES FORD RD
CHARLOTTE,NC28216 		25-0983069 501(C)(3) 110,177 0     OPERATING GRANT
(81) LINCOLN UNIVERSITY - MISSOURI
820 CHESTNUT ST
JEFFERSON CITY,MO65101 		44-6001089 501(C)(3) 110,177 0     OPERATING GRANT
(82) LINCOLN UNIVERSITY OF PENNSYLVANIA
1570 BALTIMORE PIKE
LINCOLN UNIVERSITY,PA19352 		23-1352655 501(C)(3) 110,177 0     OPERATING GRANT
(83) LIVINGSTONE COLLEGE
701 W MONROE ST
SALISBURY,NC28144 		56-0603922 501(C)(3) 110,177 0     OPERATING GRANT
(84) MARTIN UNIVERSITY
2186 N SHERMAN DR
INDIANAPOLIS,IN46218 		31-0970262 501(C)(3) 110,176 0     OPERATING GRANT
(85) MILES COLLEGE INC
5500 MYRON MASSEY BLVD
FAIRFIELD,AL35064 		63-0400608 501(C)(3) 110,177 0     OPERATING GRANT
(86) TOUGALOO COLLEGE
500 W COUNTY LINE RD
TOUGALOO,MS39174 		64-0303093 501(C)(3) 110,177 0     OPERATING GRANT
(87) WILBERFORCE UNIVERSITY
1055 N BICKETT RD
WILBERFORCE,OH45384 		31-0604719 501(C)(3) 146,902 0     OPERATING GRANT
(88) ADVANCE ILLINOIS NFP
303 E WACKER DRIVE SUITE 1925
CHICAGO,IL60601 		26-2052733 501(C)(3) 100,000 0     OPERATING GRANT
(89) AMERICAN INDIAN HIGHER EDUCATION CONSORTIUM INC
121 ORONOCO ST
ALEXANDRIA,VA22314 		84-0640326 501(C)(3) 100,000 0     OPERATING GRANT
(90) CHILDREN FIRST
990 SPRING GARDEN ST SUITE 600
PHILADELPHIA,PA19123 		23-2137461 501(C)(3) 100,000 0     OPERATING GRANT
(91) THE COLERIDGE INITIATIVE INC
1740 BROADWAY 15TH FLOOR
NEW YORK,NY10019 		83-0963735 501(C)(3) 100,000 0     OPERATING GRANT
(92) EDUCATION COMMISSION OF THE STATES
1536 WYNKOOP SUITE 410
DENVER,CO80202 		31-0722194 501(C)(3) 100,000 0     OPERATING GRANT
(93) GEORGIACAN
PO BOX 250565
ATLANTA,GA30325 		27-3069592 501(C)(3) 100,000 0     OPERATING GRANT
(94) LOUISIANA KIDS MATTER CAMPAIGN
1380 MONROE STREET NW 413
WASHINGTON,DC20010 		27-3069592 501(C)(3) 100,000 0     OPERATING GRANT
(95) MICHIGAN STATE UNIVERSITY
426 AUDITORIUM ROAD ROOM 2
EAST LANSING,MI488242612 		38-6005984 SECTION 115 100,000 0     OPERATING GRANT
(96) MYFUTURENC INC
PO BOX 26246
RALEIGH,NC27611 		84-2326658 501(C)(3) 100,000 0     OPERATING GRANT
(97) OHIO EXCELS
41 S HIGH STREET SUITE 2245
COLUMBUS,OH43215 		83-1391462 501(C)(3) 100,000 0     OPERATING GRANT
(98) POSTSECONDARY NATIONAL POLICY INSTITUTE
1828 L STREET NW SUITE 300E
WASHINGTON,DC20036 		47-4374655 501(C)(3) 100,000 0     OPERATING GRANT
(99) THE REGENTS OF THE UNIVERSITY OF CALIFORNIA IRVINE
160 ALDRICH HALL
IRVINE,CA926977600 		95-2226406 501(C)(3) 100,000 0     OPERATING GRANT
(100) SALT LAKE COMMUNITY COLLEGE
4600 SOUTH REDWOOD ROAD
SALT LAKE CITY,UT84123 		87-6000448 SECTION 115 100,000 0     OPERATING GRANT
(101) UNIVERSITY OF CALIFORNIA MERCED
5200 NORTH LAKE ROAD
MERCED,CA95343 		27-0093858 SECTION 115 100,000 0     OPERATING GRANT
(102) THE RHODE ISLAND COMMUNITY FOUNDATION
80 WASHINGTON STREET 2ND FLOOR
PROVIDENCE,RI02903 		22-2604963 501(C)(3) 100,000 0     OPERATING GRANT
(103) UNIVERSITY OF TEXAS AT EL PASO
500 WEST UNIVERSITY AVENUE
EL PASO,TX79968 		74-6000813 SECTION 115 100,000 0     OPERATING GRANT
(104) ALCORN STATE UNIVERSITY
1000 ASU DR
LORMAN,MS39096 		64-6000013 SECTION 115 183,628 0     OPERATING GRANT
(105) CENTRAL STATE UNIVERSITY
1400 BRUSH ROW RD
WILBERFORCE,OH45384 		31-0675386 SECTION 115 110,177 0     OPERATING GRANT
(106) FAYETTEVILLE STATE UNIVERSITY
1200 MURCHISON RD
FAYETTEVILLE,NC28301 		58-1238736 SECTION 115 110,177 0     OPERATING GRANT
(107) PHILANDER SMITH COLLEGE
900 W DAISY L GATSON BATES DR
LITTLE ROCK,AR72202 		71-0239729 501(C)(3) 110,177 0     OPERATING GRANT
(108) VIRGINIA UNION UNIVERSITY
1500 N LOMBARDY ST
RICHMOND,VA23220 		54-0524516 501(C)(3) 110,177 0     OPERATING GRANT
(109) ALABAMA STATE UNIVERSITY
915 S JACKSON ST
MONTGOMERY,AL36104 		63-6007745 SECTION 115 110,177 0     OPERATING GRANT
(110) BENNETT COLLEGE
900 E WASHINGTON ST
GREENSBORO,NC27401 		56-0532296 501(C)(3) 110,177 0     OPERATING GRANT
(111) CHICAGO STATE UNIVERSITY
9501 S KING DR
CHICAGO,IL60628 		36-2580815 SECTION 115 73,451 0     OPERATING GRANT
(112) FLORIDA A&M UNIVERSITY
1601 S MARTIN LUTHER KING JR BLVD
TALLAHASSEE,FL32307 		59-0977035 SECTION 115 110,177 0     OPERATING GRANT
(113) FORT VALLEY STATE UNIVERSITY
1005 STATE UNIVERSITY DR
FORT VALLEY,GA31030 		58-6002062 SECTION 115 146,902 0     OPERATING GRANT
(114) HARRIS-STOWE STATE UNIVERSITY
3026 LACLEDE AVE
ST LOUIS,MO63103 		43-1166917 SECTION 115 110,176 0     OPERATING GRANT
(115) MISSISSIPPI VALLEY STATE UNIVERSITY
14000 US-82 W
ITTA BENA,MS38941 		64-6001395 SECTION 115 110,177 0     OPERATING GRANT
(116) CYBERGRANTS SVP LLC
300 BRICKSTONE SQUARE
ANDOVER,MA01810 		04-3500015   124,173 0     OPERATING GRANT
(117) CREDENTIAL ENGINE INC
2021 L STREET NW SUITE 101-342
WASHINGTON,DC20036 		81-3389623 501(C)(3) 125,000 0     OPERATING GRANT
(118) RUTGERS THE STATE UNIVERSITY OF NJ
3 RUTGERS PLAZA
NEW BRUNSWICK,NJ08901 		22-6001086 SECTION 115 125,000 0     OPERATING GRANT
(119) THE CENTURY FOUNDATION INC
1 WHITEHALL STREET 15TH FLOOR
NEW YORK,NY10004 		13-1624235 501(C)(3) 125,000 0     OPERATING GRANT
(120) ALBANY STATE UNIVERSITY
504 COLLEGE DR
ALBANY,GA31705 		58-6001996 SECTION 115 110,177 0     OPERATING GRANT
(121) BOWIE STATE UNIVERSITY
14000 JERICHO PARK RD
BOWIE,MD20715 		52-0952758 SECTION 115 110,177 0     OPERATING GRANT
(122) CLAFLIN UNIVERSITY
400 MAGNOLIA ST
ORANGEBURG,SC29115 		57-0314374 501(C)(3) 110,177 0     OPERATING GRANT
(123) DELAWARE STATE UNIVERSITY
1200 N DUPONT HWY
DOVER,DE19901 		51-0305893 501(C)(3) 110,177 0     OPERATING GRANT
(124) PAUL QUINN COLLEGE
3837 SIMPSON STUART RD
DALLAS,TX75241 		74-1238438 501(C)(3) 110,177 0     OPERATING GRANT
(125) TEXAS SOUTHERN UNIVERSITY FOUNDATION
3100 CLEBURNE ST
HOUSTON,TX77004 		74-1620415 SECTION 115 110,177 0     OPERATING GRANT
(126) UNIVERSITY OF ARKANSAS AT PINE BLUFF
1200 UNIVERSITY DR
PINE BLUFF,AR71601 		71-6010030 SECTION 115 110,177 0     OPERATING GRANT
(127) VIRGINIA STATE UNIVERSITY
1 HAYDEN DRIVE
PETERSBURG,VA23806 		54-6001811 SECTION 115 110,177 0     OPERATING GRANT
(128) ASSOCIATION OF PUBLIC AND LAND-GRANT UNIVERSITIES
1220 L STREET NW SUITE 1000
WASHINGTON,DC20005 		53-0183246 501(C)(3) 150,000 0     OPERATING GRANT
(129) CALIFORNIA COMPETES
1999 HARRISON ST SUITE 1900
OAKLAND,CA94612 		88-2393598 501(C)(3) 150,000 0     OPERATING GRANT
(130) COLORADO SUCCEEDS
730 17TH STREET 950
DENVER,CO80202 		75-3221270 501(C)(3) 150,000 0     OPERATING GRANT
(131) HAWAIIKIDSCAN
PO BOX 450
KAILUA,HI96734 		27-3069592 501(C)(3) 150,000 0     OPERATING GRANT
(132) NATIONAL GOVERNORS ASSOCIATION CENTER FOR BEST PRACTICES
444 NORTH CAPITOL STREET NW SUITE
267
WASHINGTON,DC20001 		23-7391796 501(C)(3) 150,000 0     OPERATING GRANT
(133) NATIONAL TALENT COLLABORATIVE
668 N COAST HWY 319
LAGUNA BEACH,CA92651 		93-4395768 501(C)(3) 150,000 0     OPERATING GRANT
(134) PURDUE UNIVERSITY GLOBAL INC
2550 NORTHWESTERN AVENUE STE 1100
WEST LAFAYETTE,IN47906 		82-1319401 501(C)(3) 150,000 0     OPERATING GRANT
(135) RODEL CHARITABLE FOUNDATION DE
100 W 10TH STREET SUITE 704
WILMINGTON,DE19801 		91-1944585 501(C)(3) 150,000 0     OPERATING GRANT
(136) STATE UNIVERSITY OF NEW YORK
34 CORNELL DR
CANTON,NY13617 		14-1368361 SECTION 115 150,000 0     OPERATING GRANT
(137) THE INSTITUTE FOR COLLEGE ACCESS AND SUCCESS
1300 CLAY ST STE 1020
OAKLAND,CA94612 		20-1368860 501(C)(3) 165,000 0     OPERATING GRANT
(138) AMERICAN ASSOCIATION OF STATE COLLEGES AND UNIVERSITIES
1717 RHODE ISLAND AVE NW SUITE 700
WASHINGTON,DC20036 		52-0747578 501(C)(3) 200,000 0     OPERATING GRANT
(139) APPRENTICESHIPS FOR AMERICA INC
601 PENNSYLVANIA AVENUE NW SOUTH
BUILDING SUITE 900
WASHINGTON,DC20004 		87-2326163 501(C)(3) 200,000 0     OPERATING GRANT
(140) BUSINESS-HIGHER EDUCATION FORUM
1 DUPONT CIRCLE SUITE 360
WASHINGTON,DC20036 		34-1986692 501(C)(3) 200,000 0     OPERATING GRANT
(141) COMMUNITIES FOUNDATION OF TEXAS INC
5500 CARUTH HAVEN LANE
DALLAS,TX75225 		75-0964565 501(C)(3) 200,000 0     OPERATING GRANT
(142) INDIANAPOLIS PRIVATE INDUSTRY COUNCIL INC EMPLOYINDY
101 W WASHINGTON ST 1200
INDIANAPOLIS,IN46204 		35-1569069 501(C)(3) 200,000 0     OPERATING GRANT
(143) INSTITUTE FOR WORKFORCE EXCELLENCE INC
115 W WASHINGTON STREET SUITE 850S
INDIANAPOLIS,IN46204 		30-0279390 501(C)(3) 200,000 0     OPERATING GRANT
(144) STATE HIGHER EDUCATION EXECUTIVE OFFICERS ASSOCIATION
3035 CENTER GREEN DR STE 100
BOULDER,CO80301 		23-7167258 501(C)(3) 200,000 0     OPERATING GRANT
(145) SURRY COMMUNITY COLLEGE
630 SOUTH MAIN STREET
DOBSON,NC27017 		56-0841532 SECTION 115 200,000 0     OPERATING GRANT
(146) TENNESSEE STATE COLLABORATIVE ON REFORMING EDUCATION
1801 WEST END AVENUE SUITE 300
NASHVILLE,TN37203 		26-3670335 501(C)(3) 200,000 0     OPERATING GRANT
(147) THE ASPEN INSTITUTE INC
2300 N STREET NW SUITE 700
WASHINGTON,DC20037 		84-0399006 501(C)(3) 230,000 0     OPERATING GRANT
(148) GLOBAL IMPACT
2300 N ST NW STE 501A
WASHINGTON,DC20037 		52-1273585 501(C)(3) 250,000 0     OPERATING GRANT
(149) NATIONAL COLLEGE ATTAINMENT NETWORK
800 17TH ST NW SUITE 630
WASHINGTON,DC20006 		31-1793562 501(C)(3) 250,000 0     OPERATING GRANT
(150) TEACHERS COLLEGE COLUMBIA UNIVERSITY
525 W 120TH STREET SUITE 127
NEW YORK,NY10027 		13-1624202 501(C)(3) 250,000 0     OPERATING GRANT
(151) VIRGINIA DEPARTMENT OF WORKFORCE DEVELOPMENT AND ADVANCEMENT
2221 EDWARD HOLLAND DR SUITE 500
RICHMOND,VA232302518 		93-1373280 GOV'T ENTITY 250,000 0     OPERATING GRANT
(152) WORKCRED INC
1899 L STREET NW 11TH FLOOR
WASHINGTON,DC20036 		47-1467778 501(C)(3) 250,000 0     OPERATING GRANT
(153) DATA QUALITY CAMPAIGN INC
PO BOX 65858
WASHINGTON,DC20035 		27-4566795 501(C)(3) 275,000 0     OPERATING GRANT
(154) UNIVERSITY OF IOWA STRATEGIC INITIATIVES FUND
5 W JEFFERSON ST 105
IOWA CITY,IA522420000 		84-4628214 501(C)(3) 291,870 0     OPERATING GRANT
(155) GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC
PO BOX 3999
ATLANTA,GA303023999 		58-1845423 501(C)(3) 299,000 0     OPERATING GRANT
(156) PRAIRIE VIEW A&M UNIVERSITY
100 UNIVERSITY DRIVE
PRAIRIE VIEW,TX77446 		74-6001078 SECTION 115 299,000 0     OPERATING GRANT
(157) UNIVERSITY OF WASHINGTON FOUNDATION
4333 BROOKLYN AVE NE BOX 359472
SEATTLE,WA981959472 		91-6001537 501(C)(3) 299,086 0     OPERATING GRANT
(158) UNIVERSITY OF CENTRAL FLORIDA FOUNDATION INC
12424 RESEARCH PARKWAY SUITE 140
ORLANDO,FL32826 		59-6211832 501(C)(3) 299,930 0     OPERATING GRANT
(159) NORTHERN ARIZONA UNIVERSITY
620 S KNOLES ROOM 220
FLAGSTAFF,AZ86011 		74-2579628 SECTION 115 299,979 0     OPERATING GRANT
(160) AMERICAN UNIVERSITY
4400 MASSACHUSETTS AVE NW
WASHINGTON,DC20016 		53-0196549 501(C)(3) 300,000 0     OPERATING GRANT
(161) ATHENS STATE UNIVERSITY
300 N BEATY ST
ATHENS,AL356111902 		63-0701340 SECTION 115 300,000 0     OPERATING GRANT
(162) EDUCATION TRUST INC
580 2ND STREET SUITE 200
OAKLAND,CA94607 		52-1982223 GOV'T ENTITY 300,000 0     OPERATING GRANT
(163) MORGAN STATE UNIVERSITY FOUNDATION INC
1700 EAST COLD SPRING LANE
BALTIMORE,MD21251 		23-7089143 501(C)(3) 300,000 0     OPERATING GRANT
(164) SAN DIEGO STATE UNIVERSITY FOUNDATION
5250 CAMPANILE DRIVE
SAN DIEGO,CA92182 		95-6042721 501(C)(3) 300,000 0     OPERATING GRANT
(165) NATIONAL ASSOCIATION FOR COLLEGE ADMISSION COUNSELING INC
1050 N HIGHLAND STREET STE 400
ARLINGTON,VA22201 		26-1909449 501(C)(3) 350,000 0     OPERATING GRANT
(166) WASHINGTON MONTHLY INSTITUTE
1800 M ST NW FRONT 1 UNIT 33059
WASHINGTON,DC20036 		80-0434806 501(C)(3) 350,000 0     OPERATING GRANT
(167) JUST CAPITAL FOUNDATION INC
44 E 30TH STREET SUITE 11
NEW YORK,NY10016 		36-4764467 501(C)(3) 354,000 0     OPERATING GRANT
(168) NEW ENGLAND BOARD OF HIGHER EDUCATION
45 TEMPLE PL
BOSTON,MA02111 		04-2207418 501(C)(3) 370,000 0     OPERATING GRANT
(169) UNIVERSITY OF UTAH
201 PRESIDENTS CIRCLE PARK BUILDING
RM 159
SALT LAKE CITY,UT84112 		87-6000525 SECTION 115 380,687 0     OPERATING GRANT
(170) MARYLAND DEPARTMENT OF SERVICE AND CIVIC INNOVATION
45 CALVERT ST
ANNAPOLIS,MD21401 		52-6002033 GOV'T ENTITY 400,000 0     OPERATING GRANT
(171) THE RAND CORPORATION
1776 MAIN STREET
SANTA MONICA,CA90401 		95-1958142 501(C)(3) 406,537 0     OPERATING GRANT
(172) THE INSTITUTE FOR HIGHER EDUCATION POLICY
1615 L ST NW SUITE 310
WASHINGTON,DC20036 		52-1818907 501(C)(3) 410,000 0     OPERATING GRANT
(173) COLLEGE IN HIGH SCHOOL ALLIANCE
800 MAINE AVE SW SUITE 200
WASHINGTON,DC20024 		16-1609101 501(C)(3) 450,000 0     OPERATING GRANT
(174) NATIONAL INSTITUTE FOR STUDENT SUCCESS
ONE PARK PLACE SUITE 533
ATLANTA,GA30303 		58-6033185 501(C)(3) 477,500 0     OPERATING GRANT
(175) EDUCATION DESIGN LAB
1200 18TH STREET NW 710
WASHINGTON,DC20036 		46-4248042 501(C)(3) 481,039 0     OPERATING GRANT
(176) US CHAMBER OF COMMERCE FOUNDATION
1615 H STREET NW
WASHINGTON,DC20062 		46-1561597 501(C)(3) 490,000 0     OPERATING GRANT
(177) NEW AMERICA FOUNDATION
740 15TH ST NW 900
WASHINGTON,DC20005 		52-2096845 501(C)(3) 500,000 0     OPERATING GRANT
(178) ROCKEFELLER PHILANTHROPY ADVISORS INC
120 BROADWAY SUITE 3475
NEW YORK,NY10271 		13-3615533 501(C)(3) 500,000 0     OPERATING GRANT
(179) ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY
PO BOX 2260
TEMPE,AZ852802260 		86-6051042 501(C)(3) 656,612 0     OPERATING GRANT
(180) CHARITIES AID FOUNDATION AMERICA
225 REINEKERS LN STE 375
ALEXANDRIA,VA22314 		43-1634280 501(C)(3) 1,106,531 0     OPERATING GRANT
(181) NATIONAL STUDENT CLEARINGHOUSE
2300 DULLES STATION BLVD 220
HERNDON,VA20171 		52-1836384 501(C)(4) 1,250,000 0     PROGRAMMATIC GRANT
(182) TEXAS HIGHER EDUCATION FOUNDATION
1200 E ANDERSON LN
AUSTIN,TX78752 		74-3017895 501(C)(3) 1,300,000 0     OPERATING GRANT
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image
179
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
3
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) Rev. 1-2025

Schedule I (Form 990) Rev. 1-2025
Page 2
Part III
Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Number of
recipients		 (c) Amount of
cash grant		 (d) Amount of
noncash assistance		 (e) Method of valuation (book,
FMV, appraisal, other)		 (f) Description of noncash assistance
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Part IV
Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information.
Return Reference Explanation
PART I, LINE 2: STRADA EDUCATION FOUNDATION, INC.'S ("STRADA") GRANTMAKING IS LIMITED TO THE 50 U.S. STATES AND THE DISTRICT OF COLUMBIA. ALL POTENTIAL GRANTEES ARE EVALUATED THROUGH A MULTI-FACTOR DUE DILIGENCE PROCESS DESIGNED TO ENSURE A POTENTIAL GRANTEE'S (I) TAX-EXEMPT STATUS AND GOOD STANDING WITH THE IRS AND (II) FINANCIAL AND OPERATIONAL CAPACITY TO EXECUTE ON ITS EXEMPT PURPOSES IN FURTHERANCE OF STRADA'S MISSION. STRADA LEVERAGES BOTH GENERAL OPERATING GRANTS AND PROGRAMMATIC GRANTS, WITH BOTH TYPES OF GRANTS SUBJECT TO A WRITTEN GRANT AGREEMENT. STRADA PROVIDES GENERAL OPERATING GRANTS ONLY TO THOSE CODE SECTION 501(C)(3) PUBLIC CHARITIES AND GOVERNMENTAL ENTITIES THAT ARE TIGHTLY ALIGNED WITH STRADA'S MISSION AND HAVE A DEMONSTRATED HISTORY OF CHARITABLE IMPACT AND STRONG TAX-EXEMPT COMPLIANCE. FOR PROGRAMMATIC GRANTS, STRADA RESTRICTS GRANT DOLLARS TO A PARTICULAR CHARITABLE PROGRAM AND MONITORS THE USE OF THE GRANT FUNDS BY REQUIRING THE GRANTEE TO SEND IN INTERIM AND FINAL ACCOUNTING REPORTS DESCRIBING HOW THE FUNDS WERE USED. THESE REPORTS INCLUDE ACTUAL EXPENSES COMPARED TO THE GRANTEE'S ORIGINALLY SUBMITTED PROGRAM BUDGET. IN ADDITION, FROM TIME TO TIME PROGRAM OFFICERS PERFORM GRANTEE SITE VISITS OR ATTEND GRANTEE EVENTS FUNDED BY STRADA'S GRANTS. ANY PROGRAMMATIC GRANTS MADE TO ENTITIES OTHER THAN PUBLIC CHARITIES ARE SUBJECT TO A SERIES OF RESTRICTIONS, MONITORING, AND REPORTING TERMS THAT ALIGN WITH THE PRIVATE FOUNDATION EXPENDITURE RESPONSIBILITY RULES.
Schedule I (Form 990) Rev. 1-2025



Additional Data


Software ID:  
Software Version:  


Schedule J
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
medium right arrow graphic Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
medium right arrow graphic Attach to Form 990.
medium right arrow graphic Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public Inspection
Name of the organization
STRADA EDUCATION FOUNDATION INC
 
Employer identification number

47-3044430
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .....
1b
Yes
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....
2
Yes
 
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? .............
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
Yes
 
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ....................
5a
 
No
b
Any related organization? .......................
5b
 
No
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ..................
6a
 
No
b
Any related organization? ......................
6b
 
No
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
Yes
 
8
Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................
8
 
No
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) (Rev. 1-2025)

Schedule J (Form 990) (Rev. 1-2025)
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A) Name and Title (B) Breakdown of W-2, 1099-MISC compensation, and/or 1099-NEC (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation in column (B) reported as deferred on prior Form 990
(i) Base
compensation 		(ii) Bonus & incentive
compensation 		(iii) Other reportable compensation
1STEPHEN MORET
CEO & PRESIDENT 		(i)

(ii)		 619,922
-------------
0 		484,277
-------------
0 		249,026
-------------
0 		110,063
-------------
0 		43,686
-------------
0 		1,506,974
-------------
0 		0
-------------
0
2RUTH WATKINS
PRESIDENT, POSTSECONDARY EDUCATION 		(i)

(ii)		 652,472
-------------
0 		296,784
-------------
0 		51,334
-------------
0 		72,479
-------------
0 		34,426
-------------
0 		1,107,495
-------------
0 		22,443
-------------
0
3LARRY LUTZ
EVP, CORPORATE DEVELOPMENT 		(i)

(ii)		 434,603
-------------
0 		175,840
-------------
0 		63,290
-------------
0 		38,799
-------------
0 		43,686
-------------
0 		756,218
-------------
0 		14,836
-------------
0
4RHONDA POWELL
EVP, GEN COUNSEL & CORP SECRETARY 		(i)

(ii)		 450,638
-------------
0 		189,833
-------------
0 		27,623
-------------
0 		42,340
-------------
0 		34,568
-------------
0 		745,002
-------------
0 		0
-------------
0
5THOMAS DAWSON
PRESIDENT, STRADA COLLABORATIVE 		(i)

(ii)		 357,667
-------------
0 		169,444
-------------
0 		126,992
-------------
0 		31,197
-------------
0 		43,686
-------------
0 		728,986
-------------
0 		24,532
-------------
0
6MICHAEL AUSTIN
EVP, CFO, TREASURER 		(i)

(ii)		 429,342
-------------
0 		159,161
-------------
0 		36,794
-------------
0 		37,006
-------------
0 		45,613
-------------
0 		707,916
-------------
0 		6,648
-------------
0
7DAVID CLAYTON
SVP, RESEARCH 		(i)

(ii)		 358,660
-------------
0 		164,761
-------------
0 		34,002
-------------
0 		29,777
-------------
0 		40,486
-------------
0 		627,686
-------------
0 		7,807
-------------
0
8JONATHAN FURR
SVP & CHIEF CLEAR OUTCOMES OFFICER 		(i)

(ii)		 358,701
-------------
0 		152,846
-------------
0 		33,187
-------------
0 		28,950
-------------
0 		39,518
-------------
0 		613,202
-------------
0 		0
-------------
0
9GABRIELLA GOMEZ
EVP, POLICY, ADVOCACY & COMMS 		(i)

(ii)		 442,981
-------------
0 		102,242
-------------
0 		23,963
-------------
0 		31,522
-------------
0 		0
-------------
0 		600,708
-------------
0 		0
-------------
0
10JESSICA HINKLE
SVP, STRATEGIC INVESTMENTS 		(i)

(ii)		 337,851
-------------
0 		128,013
-------------
0 		33,995
-------------
0 		24,341
-------------
0 		43,686
-------------
0 		567,886
-------------
0 		7,711
-------------
0
11ARISTIDE COLLINS JR
EVP, CAO & CHIEF OF STAFF 		(i)

(ii)		 434,465
-------------
0 		55,473
-------------
0 		24,667
-------------
0 		26,486
-------------
0 		17,467
-------------
0 		558,558
-------------
0 		0
-------------
0
12LEONARD GURIN
SVP, CASH & INVESTMENTS 		(i)

(ii)		 318,238
-------------
0 		121,714
-------------
0 		33,348
-------------
0 		22,012
-------------
0 		37,492
-------------
0 		532,804
-------------
0 		5,452
-------------
0
13THOMAS R ERTEL
SVP, CHIEF ACCOUNTING OFFICER 		(i)

(ii)		 332,332
-------------
0 		124,994
-------------
0 		31,419
-------------
0 		23,225
-------------
0 		17,467
-------------
0 		529,437
-------------
0 		5,215
-------------
0
14MICHELE CHANG
SVP, CHIEF STRATEGY OFFICER 		(i)

(ii)		 309,536
-------------
0 		119,372
-------------
0 		27,362
-------------
0 		21,146
-------------
0 		48,686
-------------
0 		526,102
-------------
0 		0
-------------
0
15MICHAEL MARRINER
PRESIDENT, ROADTRIP NATION 		(i)

(ii)		 272,546
-------------
0 		180,249
-------------
0 		26,666
-------------
0 		13,800
-------------
0 		25,109
-------------
0 		518,370
-------------
0 		0
-------------
0
16TERRY E HOLLOWAY
SVP, CHIEF HUMAN RESOURCES OFFICER 		(i)

(ii)		 302,099
-------------
0 		117,700
-------------
0 		27,747
-------------
0 		20,039
-------------
0 		44,818
-------------
0 		512,403
-------------
0 		283
-------------
0
17HEATHER MCKAY
SVP, EMP ENGMT/ED SFW (AS OF 2/24) 		(i)

(ii)		 299,454
-------------
0 		118,000
-------------
0 		23,355
-------------
0 		19,688
-------------
0 		40,795
-------------
0 		501,292
-------------
0 		0
-------------
0
18RUTH IDALENE BAUER
PRESIDENT, INSIDE TRACK 		(i)

(ii)		 278,433
-------------
0 		152,145
-------------
0 		20,639
-------------
0 		13,800
-------------
0 		14,048
-------------
0 		479,065
-------------
0 		0
-------------
0
19JUSTIN DRAEGER
SVP, AFFORDABILITY (AS OF 7/24) 		(i)

(ii)		 180,289
-------------
0 		161,581
-------------
0 		26,591
-------------
0 		7,171
-------------
0 		21,920
-------------
0 		397,552
-------------
0 		0
-------------
0
20CRAIG ROBINSON
SVP, QUALITY COACHING (AS OF 7/24) 		(i)

(ii)		 168,926
-------------
0 		110,000
-------------
0 		19,969
-------------
0 		11,515
-------------
0 		25,988
-------------
0 		336,398
-------------
0 		0
-------------
0
21LAURA LOVE
SVP, WRK-BASED LEARNING (AS OF 5/24) 		(i)

(ii)		 200,320
-------------
0 		30,000
-------------
0 		14,440
-------------
0 		9,450
-------------
0 		28,746
-------------
0 		282,956
-------------
0 		0
-------------
0
22BETH COBERT
PRES AFF & STRAT PSHPS (AS OF 11/24) 		(i)

(ii)		 81,437
-------------
0 		125,000
-------------
0 		12,917
-------------
0 		0
-------------
0 		640
-------------
0 		219,994
-------------
0 		0
-------------
0
Schedule J (Form 990) (Rev. 1-2025)

Schedule J (Form 990) (Rev. 1-2025)
Page 3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference Explanation
PART I, LINE 1A 1. FIRST CLASS TRAVEL - FIRST CLASS TRAVEL IS APPROVED FOR ALL TRUSTEES IF THE FLIGHT IS MORE THAN 2 HOURS IN DURATION OR IF A MEDICAL CONDITION EXISTS WHICH REQUIRES THE NEED FOR AN UPGRADE. THIS NON-TAXABLE BUSINESS EXPENSE IS NOT TREATED AS ADDITIONAL TAXABLE COMPENSATION TO THE TRUSTEE. DURING 2024, NINE TRUSTEES TRAVELED ONE OR MORE TIMES AS A FIRST CLASS PASSENGER. FIRST CLASS TRAVEL IS APPROVED FOR EMPLOYEES, AT THE DISCRETION OF THE CEO, TYPICALLY WHEN A MEDICAL CONDITION EXISTS WHICH REQUIRES THE NEED FOR AN UPGRADE. DURING 2024, ONE OFFICER TRAVELED AS A FIRST CLASS PASSENGER DUE TO MEDICAL REASONS. 2. HEALTH OR SOCIAL CLUB DUES - STRADA EDUCATION FOUNDATION, INC. REIMBURSES ALL FULL TIME EMPLOYEES INCLUDING OFFICERS UP TO A MAXIMUM OF $250 PER CALENDAR YEAR FOR THE COST OF (I) EXERCISE EQUIPMENT PURCHASED DURING THE APPLICABLE CALENDAR YEAR AND/OR (II) A HEALTH OR FITNESS CLUB MEMBERSHIP. ALL REIMBURSEMENTS ARE CONSIDERED TAXABLE INCOME TO THE EMPLOYEE. DURING 2024, SIX OFFICERS, EIGHT KEY EMPLOYEES, AND THREE HIGHEST COMPENSATED EMPLOYEES RECEIVED REIMBURSEMENT FOR HEALTH OR SOCIAL CLUB DUES.
PART I, LINE 4B: ELIGIBLE EMPLOYEES PARTICIPATE IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN UNDER CODE SECTION 457(F). ANY AMOUNTS ULTIMATELY PAID UNDER THE PLAN TO AN ELIGIBLE EMPLOYEE IS REPORTED AS COMPENSATION ON FORM 990, SCHEDULE J, PART II, COLUMN B IN THE YEAR PAID. PAYMENTS UNDER THE 457(F) PLAN WERE MADE DURING CALENDAR YEAR 2024 TO THE FOLLOWING LISTED PERSONS IN PART VII: MICHAEL AUSTIN - $6,648 DAVID CLAYTON - $7,807 THOMAS DAWSON - $24,532 THOMAS R. ERTEL - $5,215 LEONARD GURIN - $5,452 TERRY E. HOLLOWAY - $283 JESSICA HINKLE - $7,711 LARRY LUTZ - $14,836 RUTH WATKINS - $22,443
PART I, LINE 7: ALL OFFICERS AND ALL EMPLOYEES OF THE COMPANY PARTICIPATE IN THE "EMPLOYEE INCENTIVE PLAN." ANNUAL PAYMENTS ARE BASED ON OVERALL CORPORATE PERFORMANCE IN THE ACCOMPLISHMENT OF THE CORPORATE OBJECTIVES, AS EVALUATED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, AND INDIVIDUAL PERFORMANCE. THE AMOUNT OF THE PAYMENT IS A PERCENTAGE OF ANNUAL SALARY, VARYING BY THE SALARY GRADE OF THE INDIVIDUAL POSITION.
Schedule J (Form 990) (Rev. 1-2025)

Additional Data


Software ID:  
Software Version:  
SCHEDULE O
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
 Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public
Inspection
Name of the organization
STRADA EDUCATION FOUNDATION INC
 
Employer identification number

47-3044430
Return Reference Explanation
IMPACT OF CORPORATE RESTRUCTURING: EFFECTIVE 12/31/2023 STRADA COLLABORATIVE, INC. MERGED INTO STRADA COLLABORATIVE, LLC. THE LATTER IS A FEDERAL DISREGARDED ENTITY OF STRADA EDUCATION FOUNDATION, INC. THE LARGE INCREASE IN REPORTED COMPENSATION, STAFFING, AND RELATED EXPENSES IN THIS FORM 990 FOR 2024 COMPARED TO 2023 REFLECTS THE COMBINATION OF THE EMPLOYEES AND ACTIVITIES OF THE PREDECESSOR ORGANIZATION, NOT NEW OR EXPANDED EXECUTIVE COMPENSATION (OTHER THAN NORMAL ANNUAL MERIT INCREASES). SPECIFICALLY, STRADA EDUCATION FOUNDATION, INC.'S 2024 SALARIES AND OTHER COMPENSATION REFLECT 1,789 EMPLOYEES, COMPARED TO ABOUT 153 EMPLOYEES IN 2023.
FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: ORGANIZATIONS THAT STRENGTHEN CONNECTIONS BETWEEN EDUCATION AND OPPORTUNITY IN THE U.S., WITH A SPECIAL FOCUS ON HELPING THOSE WHO FACE THE GREATEST CHALLENGES SECURING OPPORTUNITY THROUGH POSTSECONDARY EDUCATION OR TRAINING. STRADA'S WORK IS GROUNDED IN FIVE FOCUS AREAS: CLEAR OUTCOMES, QUALITY COACHING, AFFORDABILITY, WORK-BASED LEARNING, AND EMPLOYER ALIGNMENT (THE "FOCUS AREAS").
FORM 990, PART III, LINE 2 STRADA EDUCATION FOUNDATION, INC. ("STRADA") DEPLOYS A DIVERSE RANGE OF TOOLS TO FURTHER ITS MISSION. IN 2024, STRADA EXPANDED ITS PORTFOLIO OF IMPACT LEVERS TO INCLUDE A NEW POLICY AND ADVOCACY PROGRAM DESIGNED TO ENGAGE DIRECTLY WITH POLICYMAKERS AND OTHER GOVERNMENT LEADERS AT STATE AND FEDERAL LEVELS TO IDENTIFY AND ADVANCE NONPARTISAN, EVIDENCE-BASED POLICIES DESIGNED TO STRENGTHEN PATHWAYS TO OPPORTUNITY FOR ALL LEARNERS. STRADA'S AFFILIATE PROGRAMS (OPERATED THROUGH DISREGARDED ENTITIES) ALSO SERVE AS AN IMPORTANT LEVER IN FURTHERING THE ORGANIZATION'S CHARITABLE PRIORITIES. IN 2024, STRADA ESTABLISHED TWO NEW AFFILIATES - CREDLENS, LLC ("CREDLENS") AND STRADA COLLABORATIVE, LLC ("STRADA COLLABORATIVE"). CREDLENS PROMOTES THE ADVANCEMENT OF NON-DEGREE CREDENTIALS BY PROVIDING DATA-DRIVEN INSIGHTS ON CREDENTIAL OUTCOMES. STRADA COLLABORATIVE (I) SUPPORTS NON-TRADITIONAL AND POST-TRADITIONAL ADULT LEARNERS, (II) CREATES PUBLICLY AVAILABLE CAREER EXPLORATION MEDIA RESOURCES FOR STUDENTS, (III) DRIVES WORK-BASED LEARNING OPPORTUNITIES, AND (IV) PROVIDES ACCESS TO EDUCATIONAL AND CAREER SUPPORT TO STUDENTS THROUGH COACHES AND MENTORS.
FORM 990, PART VI, SECTION A, LINE 2 PERSONS LISTED IN PART VII MAY HAVE A "BUSINESS RELATIONSHIP" WITH EACH OTHER BY VIRTUE OF SITTING ON RELATED STRADA EDUCATION FOUNDATION, INC. BOARDS BY VIRTUE OF THEIR EMPLOYMENT WITH RELATED STRADA EDUCATION FOUNDATION, INC. ENTITIES.
FORM 990, PART VI, SECTION A, LINE 4 EFFECTIVE JANUARY 1, 2024, STRADA EDUCATION FOUNDATION, INC. AMENDED ITS ARTICLES OF INCORPORATION TO CHANGE ITS CLASSIFICATION STATUS FROM A PUBLIC CHARITY DESCRIBED IN IRC SECTIONS 509(A)(3) TO A PUBLIC CHARITY DESCRIBED IN IRC SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI).
FORM 990, PART VI, SECTION A, LINE 6 AS A DELAWARE NON-PROFIT ORGANIZATION, THIS CORPORATION HAS INDIVIDUALS AS ITS MEMBERS THAT SERVE AS ITS BOARD OF TRUSTEES.
FORM 990, PART VI, SECTION B, LINE 11B ONCE THE FORM 990 IS PREPARED BY THE COMPANY, WITH ASSISTANCE FROM THE EXTERNAL TAX ACCOUNTING FIRM, THE FORM AND ALL APPLICABLE SCHEDULES ARE PROVIDED TO THE FINANCE AND AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW. AFTER THE FINANCE AND AUDIT COMMITTEE HAS COMPLETED THEIR REVIEW, THE FORM AND ALL APPLICABLE SCHEDULES ARE PROVIDED TO THE FULL BOARD IN ADVANCE OF THE FORM BEING FILED WITH THE IRS, ALLOWING TIME FOR REVIEW AND COMMENT BY THE FULL BOARD.
FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, A CONFLICT OF INTEREST AND DISCLOSURE QUESTIONNAIRE IS REQUIRED TO BE COMPLETED BY ALL EMPLOYEES. THE PURPOSE OF THE QUESTIONNAIRE IS TO SOLICIT INFORMATION ABOUT RELATIONSHIPS THAT MAY CONSTITUTE A POTENTIAL CONFLICT OF INTEREST. EACH MEMBER OF THE BOARD OF TRUSTEES SIGNS AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT THAT DISCLOSES ACTUAL OR POTENTIAL CONFLICTS OF INTEREST AS SET FORTH IN THE APPROVED CONFLICT OF INTEREST POLICY FOR TRUSTEES. TRUSTEES VERBALLY UPDATE AND CONFIRM THE ACCURACY OF THEIR ANNUAL WRITTEN CONFLICT OF INTEREST DISCLOSURES DURING EACH QUARTERLY BOARD MEETING. THE DISCLOSURE STATEMENTS ARE REVIEWED BY THE GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES. WHEN ANY SUCH CONFLICT OF INTEREST IS RELEVANT TO A MATTER REQUIRING ACTION BY THE BOARD OF TRUSTEES OR ANY COMMITTEE, THE INTERESTED PERSON SHALL CALL IT TO THE ATTENTION OF THE CHAIR OF THE COMMITTEE, AND SUCH PERSON SHALL NOT VOTE ON THE MATTER. MOREOVER, THE PERSON HAVING THE CONFLICT SHALL LEAVE THE ROOM IN WHICH THE MEETING IS HELD AND NOT PARTICIPATE IN THE FINAL DELIBERATIONS OR DECISIONS REGARDING THE MATTER UNDER CONSIDERATION. A TRUSTEE SHALL ADVISE THE CHAIR OF THE GOVERNANCE COMMITTEE AND THE CORPORATE SECRETARY IN WRITING OF ANY POTENTIAL CONFLICTS OF INTEREST WHICH ARISE AFTER SIGNING THE CONFLICT OF INTEREST DISCLOSURE STATEMENT.
FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION DETERMINATIONS OF STRADA EDUCATION FOUNDATION, INC.'S CEO AND THE OTHER OFFICERS FOR CALENDAR YEAR 2024 WERE MADE BY A COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES WHOSE MEMBERS HAVE NO CONFLICT OF INTEREST WITHIN THE MEANING OF TREAS. REG. 53.4958-6(C)(1)(III). THE COMPENSATION COMMITTEE ESTABLISHES THE COMPENSATION PHILOSOPHY, AND WITH COMPARABILITY DATA PROVIDED BY AN INDEPENDENT COMPENSATION CONSULTANT, ANNUALLY EVALUATES THE PERFORMANCE OF THE CEO AND ALL OTHER OFFICERS, AND DETERMINES IN ADVANCE THE REASONABLENESS OF COMPENSATION PAID TO AND BENEFITS PROVIDED TO SUCH INDIVIDUALS. AS PART OF THE ANNUAL PERFORMANCE EVALUATION, THE COMPENSATION COMMITTEE SOLICITS THE VIEWS OF THE CHAIRS OF THE OTHER BOARD COMMITTEES. THE DETERMINATIONS MADE AND THE BASIS OF SUCH DETERMINATIONS ARE CONTEMPORANEOUSLY DOCUMENTED IN WRITTEN MINUTES. FINAL DETERMINATIONS ARE REPORTED TO THE FULL BOARD OF TRUSTEES.
FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ANY DOCUMENT OPEN TO PUBLIC INSPECTION AVAILABLE UPON REQUEST.
FORM 990, PART XI, LINE 9: TRANSFER FROM STRADA COLLABORATIVE, LLC 38,498,472. CAPITAL CONTRIBUTION TO CREDLENS, LLC 6,350,000. TRANSFER OF ASSETS TO STRADA PHILANTHROPY, INC. -397,964,222.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) (Rev. 1-2025)


Additional Data


Software ID:  
Software Version:  
SCHEDULE R
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047
Open to Public Inspection
Name of the organization
STRADA EDUCATION FOUNDATION INC
 
Employer identification number

47-3044430
Part I
Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
(a)
Name, address, and EIN (if applicable) of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income


 		(e)
End-of-year assets


 		(f)
Direct controlling
entity
(1) STRADA COLLABORATIVE LLC
10 WEST MARKET STREET STE 1100
INDIANAPOLIS,IN46204
93-4340224 		EDUCATIONAL SUPPORT SERVICES IN 59,149,469 38,775,948 STRADA EDUCATION FOUNDATION INC
 
(2) CREDLENS LLC
10 WEST MARKET STREET STE 1100
INDIANAPOLIS,IN46204
99-0513923 		EDUCATIONAL SUPPORT SERVICES IN 1,610,149 2,999,014 STRADA EDUCATION FOUNDATION INC
 








Part II
Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section


 		(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled entity?
Yes No
(1)STRADA PHILANTHROPY INC
10 WEST MARKET STREET STE 1100

INDIANAPOLIS,IN46204
99-1173772 		GRANT MAKING IN 501(C)(3) TYPE I 509(A)(3) STRADA EDUCATION FOUNDATION INC
 
Yes
 












For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) (Rev. 1-2025)
Schedule R (Form 990) (Rev. 1-2025)
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V-UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No












Part IV
Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.
(a)
Name, address, and EIN of
related organization
 		(b)
Primary activity
 		(c)
Legal
domicile
(state or foreign
country)
 		(d)
Direct controlling
entity
 		(e)
Type of entity
(C corp, S corp,
or trust) 		(f)
Share of total income
 		(g)
Share of end-of-year
assets
 		(h)
Percentage
ownership
 		(i)
Section 512(b)(13) controlled entity?
Yes No
(1) STRADA SOLUTIONS INC

10 WEST MARKET STREET STE 1100
INDIANAPOLIS,IN46204
37-1897172 		HOLDING COMPANY DE STRADA EDUCATION FOUNDATION INC
  		C 18,997,667 15,773,714 100.000 % Yes  












Schedule R (Form 990) (Rev. 1-2025)
Schedule R (Form 990) (Rev. 1-2025)
Page 3
Part V
Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................
1a
Yes
 
b Gift, grant, or capital contribution to related organization(s) ............................
1b
 
No
c Gift, grant, or capital contribution from related organization(s) ............................
1c
 
No
d Loans or loan guarantees to or for related organization(s) ............................
1d
Yes
 
e Loans or loan guarantees by related organization(s) ............................
1e
 
No
f Dividends from related organization(s) ............................
1f
Yes
 
g Sale of assets to related organization(s) ............................
1g
 
No
h Purchase of assets from related organization(s) ............................
1h
 
No
i Exchange of assets with related organization(s) ............................
1i
 
No
j Lease of facilities, equipment, or other assets to related organization(s) .......................
1j
 
No
k Lease of facilities, equipment, or other assets from related organization(s) ......................
1k
 
No
l Performance of services or membership or fundraising solicitations for related organization(s) .....................
1l
 
No
m Performance of services or membership or fundraising solicitations by related organization(s) .................
1m
Yes
 
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................
1n
 
No
o Sharing of paid employees with related organization(s) ............................
1o
 
No
p Reimbursement paid to related organization(s) for expenses ............................
1p
 
No
q Reimbursement paid by related organization(s) for expenses ............................
1q
Yes
 
r Other transfer of cash or property to related organization(s) ............................
1r
Yes
 
s Other transfer of cash or property from related organization(s) ............................
1s
Yes
 
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of related organization 		(b)
Transaction
type (a-s) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) STRADA SOLUTIONS INC

 Q 153,671 FMV
(2) STRADA SOLUTIONS INC

 S 113,656 FMV
(3) STRADA SOLUTIONS INC

 M 129,021 FMV
(4) STRADA PHILANTHROPY INC

 R 397,964,222 BOOK VALUE
(5) STRADA SOLUTIONS INC

 F 6,250,000 FMV
(6) STRADA COLLABORATIVE LLC

 S 38,498,472 FMV
Schedule R (Form 990) (Rev. 1-2025)
Schedule R (Form 990) (Rev. 1-2025)
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)

(e)
Are all partners
section
501(c)(3)
organizations? 		(f)
Share of total income




 		(g)
Share of
end-of-year
assets 		(h)
Disproprtionate allocations? 		(i)
Code V-UBI
amount in box 20
of Schedule K-1
(Form 1065) 		(j)
General or
managing
partner? 		(k)
Percentage
ownership
Yes No Yes No Yes No






























Schedule R (Form 990) (Rev. 1-2025)
Schedule R (Form 990) (Rev. 1-2025)
Page 5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R. See instructions.
Return Reference Explanation
Schedule R (Form 990) (Rev. 1-2025)

Additional Data


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