Relay Graduate School of Education
Relay Graduate School of Education reported $51.7 million in revenue and $49.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $69.97 went to program services, $27.21 to management and general costs and $2.82 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 60.1% of the total. The highest compensation it reported for one person was $521,170 (PRESIDENT). 144 people received more than $100,000 in reportable compensation. Revenue fell 12% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $49MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $52MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 70.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 27.2% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.8% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.07 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 38.2% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 2.3% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 60.1% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $521,170 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.06% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 144 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 11.4 | 13.3 |
| Independent voting board members Part VI 1a–1b | 8 of 9 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseHighest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Director/trustee, officer, 40.0 hrs/week | $465,496 | $0 | $55,674 | $521,170 |
| CHIEF TRANSFORMATION OFFICER Highest compensated employee, 40.0 hrs/week | $221,179 | $0 | $38,681 | $259,860 |
| Chief Operating Officer Highest compensated employee, 40.0 hrs/week | $238,833 | $0 | $13,172 | $252,005 |
| PROVOST, TEACHER PREP Highest compensated employee, 40.0 hrs/week | $228,733 | $0 | $16,680 | $245,413 |
| Chief Professional Learning Officer Highest compensated employee, 40.0 hrs/week | $224,904 | $0 | $9,214 | $234,118 |
| VICE PRESIDENT, PE PARTNERSHIPS Highest compensated employee, 40.0 hrs/week | $224,904 | $0 | $8,990 | $233,894 |
| CFO Officer, 40.0 hrs/week | $185,230 | $0 | $41,546 | $226,776 |
144 people received more than $100,000 in reportable compensation from Relay Graduate School of Education (Part VII, line 2). Compensation of current officers, directors and key employees totaled $689K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b9 · 8 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5375
- Volunteers Part I, line 69
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| SWVP New Orleans LLC DBA International Hotel New Orleans Consulting | $379,457 |
| Globalization Partners LLC Consulting | $349,680 |
| O Practice LLC Executive Coaching | $266,990 |
| TechCXOLLC Consulting | $265,399 |
| Bond Schoeneck & King PLLC Legal | $254,918 |
Individuals listed as contractors are left out. 11 contractors were paid more than $100,000 in all.
Private foundation grants it received
19 private foundations reported grants to Relay Graduate School of Education totaling $3.8M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Relay Graduate School of Education's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Relay Graduate School of Education, you can publish a response that is linked from this page.
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Of every $100 Relay Graduate School of Education spent in FY2025, $69.97 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Rocky Mountain CollegeBillings, MT · revenue $52M · programs 90.0% · FY2025
- Kyiv School of EconomicsWashington, DC · revenue $52M · programs 79.6% · 2024
- Princeton Day SchoolPrinceton, NJ · revenue $52M · programs 82.5% · FY2025
- Baker UniversityBaldwin City, KS · revenue $52M · programs 83.5% · FY2025
- University SchoolShaker Heights, OH · revenue $52M · programs 80.3% · FY2025
Questions people ask
How much of Relay Graduate School of Education's spending goes to programs?
In the fiscal year ending June 30, 2025, Relay Graduate School of Education reported that 70.0% of its $49.2 million in expenses went to program services, 27.2% to management and general and 2.8% to fundraising (Form 990, Part IX).
How much does Relay Graduate School of Education pay its top executive?
The largest total compensation Relay Graduate School of Education reported for one person in the fiscal year ending June 30, 2025 was $521,170, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Relay Graduate School of Education get its money?
Of $51.7 million in revenue in the fiscal year ending June 30, 2025, 38.2% came from contributions and grants (including 2.3% from government grants) and 60.1% from program service revenue (Form 990, Part VIII).
Is Relay Graduate School of Education a registered charity?
The IRS lists EIN 27-5316628 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631289349303203 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202510599349301831 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202430509349300738 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202320669349301132 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202210809349301001 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202110639349301021 · read the filing
All filings for EIN 27-5316628: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.