NonprofitsStrada Education Foundation Inc

Community Improvement & Capacity Building

Strada Education Foundation Inc

INDIANAPOLIS, IN

Total revenue

$207.7M

Total expenses

$180.5M

Net assets

$1.8B

Grants received

$405.6M

19 grants

EIN

473044430

Tax year

2024

Mission

Strada education foundation, inc. ("strada") develops and supports programs, policies, and

Programs

3 programs

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.

Expenses: $4.4M

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.

Expenses: $10.3M

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.

Expenses: $44.3M

Financials

FY 2024

Revenue

Contributions & grants$14.7M
Program service revenue$37.6M
Investment income$155.2M
Other revenue$213K
Total revenue$207.7M

Expenses

Grants paid$27.7M
Salaries & benefits$92.7M
Fundraising$4.2M
Other expenses$60.2M
Total expenses$180.5M
Total assets$1.8B
Net assets$1.8B

People

36 listed

NameRoleCompensation

STEPHEN MORET

CEO & PRESIDENT

Board

$1.4M

40 hrs/wk

RUTH WATKINS

PRESIDENT, POSTSECONDARY EDUCATION

Board

$1.0M

35 hrs/wk

LARRY LUTZ

EVP, CORPORATE DEVELOPMENT

Board

$674K

39 hrs/wk

RHONDA POWELL

EVP, GEN COUNSEL & CORP SECRETARY

Board

$668K

39 hrs/wk

THOMAS DAWSON

PRESIDENT, STRADA COLLABORATIVE

Board

$654K

39 hrs/wk

MICHAEL AUSTIN

EVP, CFO, TREASURER

Board

$625K

39 hrs/wk

GABRIELLA GOMEZ

EVP, POLICY, ADVOCACY & COMMS

Board

$569K

40 hrs/wk

ARISTIDE COLLINS JR

EVP, CAO & CHIEF OF STAFF

Board

$515K

40 hrs/wk

BETH COBERT

PRES AFF & STRAT PSHPS (AS OF 11/24)

Board

$219K

40 hrs/wk

MARLENE V COULIS

CHAIRMAN

Board

$115K

4 hrs/wk

GERARD J OLINGER

BOARD MEMBER

Board

$97K

2 hrs/wk

ERNEST J NEWBORN II

BOARD MEMBER

Board

$97K

2 hrs/wk

MIRIAM W STROUSE

BOARD MEMBER

Board

$97K

2 hrs/wk

WADE T DYKE

BOARD MEMBER

Board

$97K

2 hrs/wk

SUREEL A CHOKSI

BOARD MEMBER

Board

$97K

2 hrs/wk

NICOLE T JENKINS

BOARD MEMBER

Board

$97K

2 hrs/wk

RUBEN M FLORES

BOARD MEMBER

Board

$85K

2 hrs/wk

SUSAN J ELLSPERMANN

BOARD MEMBER

Board

$85K

2 hrs/wk

AMINTA H BREAUX

BOARD MEMBER

Board

$85K

2 hrs/wk

THOMAS B MANGAS

BOARD MEMBER

Board

$85K

2 hrs/wk

ARDINE WILLIAMS

BOARD MEMBER

Board

$85K

2 hrs/wk

ERIK I MORENO

BOARD MEMBER

Board

$85K

2 hrs/wk

MICHAEL D KING

BOARD MEMBER

Board

$85K

2 hrs/wk

DAVID CLAYTON

SVP, RESEARCH

Staff

$557K

40 hrs/wk

JONATHAN FURR

SVP & CHIEF CLEAR OUTCOMES OFFICER

Staff

$545K

40 hrs/wk

JESSICA HINKLE

SVP, STRATEGIC INVESTMENTS

Staff

$500K

40 hrs/wk

THOMAS R ERTEL

SVP, CHIEF ACCOUNTING OFFICER

Staff

$489K

40 hrs/wk

MICHAEL MARRINER

PRESIDENT, ROADTRIP NATION

Staff

$479K

40 hrs/wk

LEONARD GURIN

SVP, CASH & INVESTMENTS

Staff

$473K

40 hrs/wk

MICHELE CHANG

SVP, CHIEF STRATEGY OFFICER

Staff

$456K

40 hrs/wk

RUTH IDALENE BAUER

PRESIDENT, INSIDE TRACK

Staff

$451K

40 hrs/wk

TERRY E HOLLOWAY

SVP, CHIEF HUMAN RESOURCES OFFICER

Staff

$448K

40 hrs/wk

HEATHER MCKAY

SVP, EMP ENGMT/ED SFW (AS OF 2/24)

Staff

$441K

40 hrs/wk

JUSTIN DRAEGER

SVP, AFFORDABILITY (AS OF 7/24)

Staff

$368K

40 hrs/wk

CRAIG ROBINSON

SVP, QUALITY COACHING (AS OF 7/24)

Staff

$299K

40 hrs/wk

LAURA LOVE

SVP, WRK-BASED LEARNING (AS OF 5/24)

Staff

$245K

40 hrs/wk

Independent contractors

TYTON PARTNERS CONSULTING LLC

CONSULTING SERVICES

$694K

FREHARGUN LLC

BRANDING & MARKETING SERVICES

$360K

ERNST & YOUNG LLP

AUDIT SERVICES

$327K

LOEB & LOEB LLP

LEGAL SERVICES

$295K

FADED JEANS TECHNOLOGY LLC

CYBERSECURITY SERVICES

$286K

Grants received

Showing 19 of 19

FromAmountPurposeYear
$1.5M
General operating support
2024
$983K
Grant, Documenting Opportunities for Incarcerated and Formerly Incarcerated Learners Grant, Launching the Pittsburgh Regional Upskilling Alliance
2024
$333K
TO ADVANCE EDUCATION AND ECONOMIC OPPORTUNITY INITIATIVES THROUGH AI SOLUTIONS.
2024
$100K
PROGRAM SERVICES
2024
$25K
Sponsorship of annual conference
2024
$49.1M
OPERATING GRANT
2023
$800K
TO EMPOWER ALL LEARNERS AND THOSE WHO SERVE THEM, AND TO PROVIDE CRITICAL RESOURCES, EDUCATIONAL SUPPORT, AND CAREER EXPERIENCES LEADING TO EQUITABLE EDUCATION AND EMPLOYMENT PATHWAYS.
2023
$250K
For grant recipient's exempt purposes
2023
$21K
TO PRODUCE AND DISTRIBUTE HIGH-QUALITY AUDIOVISUAL DIGITAL ASSETS, HIGHLIGHTING AND INFORMING RURAL MISSISSIPPI
2023
$20K
To Be Used at the Organization's Discretion
2023
$50.2M
support their philanthropic efforts pursuant to the December 6, 2016 transfer of ownership of United Student Aid Funds and Northwest Education Loan Association from USA Funds (now Strada) to Ascendium.
2022
$250K
For grant recipient's exempt purposes
2022
$66.1M
support their philanthropic efforts pursuant to the December 6, 2016 transfer of ownership of United Student Aid Funds and Northwest Education Loan Association from USA Funds (now Strada) to Ascendium.
2021
$63.9M
support their philanthropic efforts pursuant to the December 6, 2016 transfer of ownership of United Student Aid Funds and Northwest Education Loan Association from USA Funds (now Strada) to Ascendium.
2020
$87.1M
support their philanthropic efforts pursuant to the December 6, 2016 transfer of ownership of United Student Aid Funds and Northwest Education Loan Association from USA Funds (now Strada) to Ascendium.
2019
$81.2M
OPERATIONAL GRANT
2018
$3.0M
Operational Grant
2018

Funded by

$405.6M from 14 funders · 19 grants · 2018–2024

Ascendium Education Solutions Inc

$268.3M · 5 grants · 2019–2024

United Student Aid Funds Inc

$81.2M · 1 grant · 2018

Strada Collaborative Inc

$49.1M · 1 grant · 2023

Northwest Education Loan Association

$3.0M · 1 grant · 2018

John M Belk Endowment

$1.5M · 1 grant · 2024

Elisabeth C Deluca Foundation Inc

$800K · 1 grant · 2023

Fidelity Investments Charitable Gift Fund

$500K · 2 grants · 2022–2023

Details

EIN473044430
NTEE codeS80
Subsection03
Ruling date2015-05
Formed2015
Employees1789
Volunteers0
STRADA EDUCATION FOUNDATION INC — Mission, Financials & Grants Received | Grantivo