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Strada Education Foundation
Strada Education Foundation reported $207.7 million in revenue and $180.5 million in expenses for calendar year 2024. Of every $100 it spent, $50.63 went to program services, $47.03 to management and general costs and $2.34 to fundraising. Its largest source of revenue was investment income: 74.7% of the total. The highest compensation it reported for one person was $1,506,974 (CEO & PRESIDENT). 197 people received more than $100,000 in reportable compensation. Revenue rose 29% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $181MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $208MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 50.6% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 47.0% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.3% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.29 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 7.1% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.5% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 18.1% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,506,974 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.83% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 197 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 117.0 | 9.2 |
| Independent voting board members Part VI 1a–1b | 14 of 15 | 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
2024 · Form 990, Part III · the three largest programs by expenseCatalytic 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
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…
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
Highest reported compensation
2024 · 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 |
|---|---|---|---|---|
| CEO & PRESIDENT Director/trustee, officer, 40.00 hrs/week | $1,353,225 | $0 | $153,749 | $1,506,974 |
| PRESIDENT, POSTSECONDARY EDUCATION Officer, 35.00 hrs/week | $1,000,590 | $0 | $106,905 | $1,107,495 |
| EVP, CORPORATE DEVELOPMENT Officer, 39.00 hrs/week | $673,733 | $0 | $82,485 | $756,218 |
| EVP, GEN COUNSEL & CORP SECRETARY Officer, 39.00 hrs/week | $668,094 | $0 | $76,908 | $745,002 |
| PRESIDENT, STRADA COLLABORATIVE Officer, 39.00 hrs/week | $654,103 | $0 | $74,883 | $728,986 |
| EVP, CFO, TREASURER Officer, 39.00 hrs/week | $625,297 | $0 | $82,619 | $707,916 |
| SVP, RESEARCH Highest compensated employee, 40.00 hrs/week | $557,423 | $0 | $70,263 | $627,686 |
| SVP & CHIEF CLEAR OUTCOMES OFFICER Key employee, 40.00 hrs/week | $544,734 | $0 | $68,468 | $613,202 |
197 people received more than $100,000 in reportable compensation from Strada Education Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $12M (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
2024 · 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–1b15 · 14 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 2Yes
- 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 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 51,789
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| TYTON PARTNERS CONSULTING LLC Consulting services | $693,500 |
| FREHARGUN LLC Branding & marketing services | $360,216 |
| ERNST & YOUNG LLP Audit services | $327,000 |
| LOEB & LOEB LLP Legal services | $295,193 |
| FADED JEANS TECHNOLOGY LLC Cybersecurity services | $286,280 |
Individuals listed as contractors are left out. 15 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to Strada Education Foundation totaling $800K 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 Strada Education Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Strada Education Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Strada Education Foundation spent in 2024, $50.63 went to programs. The full breakdown, from its IRS Form 990:
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- Food Bank for New York CityBronx, NY · revenue $174M · programs 88.3% · FY2025
All community improvement & capacity building charities · Largest charities in Indiana
Questions people ask
How much of Strada Education Foundation's spending goes to programs?
In calendar year 2024, Strada Education Foundation reported that 50.6% of its $180.5 million in expenses went to program services, 47.0% to management and general and 2.3% to fundraising (Form 990, Part IX).
How much does Strada Education Foundation pay its top executive?
The largest total compensation Strada Education Foundation reported for one person in calendar year 2024 was $1,506,974, for the role of CEO & PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Strada Education Foundation get its money?
Of $207.7 million in revenue in calendar year 2024, 7.1% came from contributions and grants (including 0.5% from government grants) and 18.1% from program service revenue (Form 990, Part VIII).
Is Strada Education Foundation a registered charity?
The IRS lists EIN 47-3044430 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), 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
- 2024: Form 990 for calendar year 2024, object 202533219349309508 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443199349318974 · read the filing
- 2022: Form 990 for calendar year 2022, object 202343199349315464 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203199349319515 · read the filing
- 2020: Form 990 for calendar year 2020, object 202113199349310321 · read the filing
- 2019: Form 990 for calendar year 2019, object 202013219349307851 · read the filing
All filings for EIN 47-3044430: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.