Civic Intelligence

Education Development Center Inc.

990 • Fiscal year 2023 • EIN 04-2241718

Oct 01, 2022 to Sep 30, 2023 • Filed on Mar 27, 2024

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300 Fifth Avenue Suite 2010Waltham, MA 02451

(617) 969-7100

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

71st percentile

0.54x

Higher debt load relative to assets than 71% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Liabilities / Revenue

38th percentile

0.32x

Higher debt load relative to revenue than 38% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Net Margin

55th percentile

4.4%

Higher net margin than 55% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Top Officer Pay

47th percentile

$439,791

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Asset Growth

93rd percentile

48%

Faster asset growth than 93% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Revenue Growth

60th percentile

7.9%

Faster revenue growth than 60% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Assets

Up

$116,911,673

Up $37,881,868 (+48%) from 2022

Net Assets

Up

$53,198,684

Up $10,319,339 (+24%) from 2022

Liabilities

Up

$63,712,989

Up $27,562,529 (+76%) from 2022

Revenue

Up

$201,501,966

Up $14,755,329 (+7.9%) from 2022

Expenses

Up

$192,639,833

Up $16,316,008 (+9.3%) from 2022

Net Income

Down

$8,862,133

Down $1,560,679 (-15%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2010: $47,453,132Liabilities 2010: $33,758,163Net Assets 2010: $13,694,9692010Assets 2011: $59,392,946Liabilities 2011: $42,311,939Net Assets 2011: $17,081,0072011Assets 2012: $62,948,525Liabilities 2012: $43,995,272Net Assets 2012: $18,953,2532012Assets 2013: $61,099,114Liabilities 2013: $41,115,961Net Assets 2013: $19,983,1532013Assets 2014: $56,139,077Liabilities 2014: $35,856,158Net Assets 2014: $20,282,9192014Assets 2015: $50,135,958Liabilities 2015: $30,227,968Net Assets 2015: $19,907,9902015Assets 2016: $53,476,525Liabilities 2016: $33,071,200Net Assets 2016: $20,405,3252016Assets 2017: $58,577,156Liabilities 2017: $36,653,559Net Assets 2017: $21,923,5972017Assets 2018: $58,966,024Liabilities 2018: $34,828,953Net Assets 2018: $24,137,0712018Assets 2019: $57,262,389Liabilities 2019: $29,896,638Net Assets 2019: $27,365,7512019Assets 2020: $65,926,072Liabilities 2020: $36,036,055Net Assets 2020: $29,890,0172020Assets 2021: $70,787,173Liabilities 2021: $35,472,923Net Assets 2021: $35,314,2502021Assets 2022: $79,029,805Liabilities 2022: $36,150,460Net Assets 2022: $42,879,3452022Assets 2023: $116,911,673Liabilities 2023: $63,712,989Net Assets 2023: $53,198,6842023Assets 2024: $123,981,044Liabilities 2024: $55,698,920Net Assets 2024: $68,282,1242024Assets 2025: $124,492,354Liabilities 2025: $51,410,840Net Assets 2025: $73,081,5142025

Highlighted filing

2023

Assets$116,911,673
Liabilities$63,712,989
Net Assets$53,198,684

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300M$200M$100M$0-$100MExpenses 2010: $178,645,1452010Revenue 2011: $200,141,483Expenses 2011: $196,778,001Net Income 2011: $3,363,4822011Expenses 2012: $192,604,2182012Revenue 2013: $203,595,284Expenses 2013: $202,565,384Net Income 2013: $1,029,9002013Revenue 2014: $159,547,027Expenses 2014: $159,247,261Net Income 2014: $299,7662014Revenue 2015: $143,326,222Expenses 2015: $143,701,151Net Income 2015: -$374,9292015Revenue 2016: $135,339,260Expenses 2016: $134,841,925Net Income 2016: $497,3352016Revenue 2017: $146,568,862Expenses 2017: $145,050,590Net Income 2017: $1,518,2722017Revenue 2018: $155,645,130Expenses 2018: $153,431,657Net Income 2018: $2,213,4732018Revenue 2019: $161,853,476Expenses 2019: $158,717,546Net Income 2019: $3,135,9302019Revenue 2020: $147,745,529Expenses 2020: $145,292,183Net Income 2020: $2,453,3462020Revenue 2021: $167,892,057Expenses 2021: $162,508,573Net Income 2021: $5,383,4842021Revenue 2022: $186,746,637Expenses 2022: $176,323,825Net Income 2022: $10,422,8122022Revenue 2023: $201,501,966Expenses 2023: $192,639,833Net Income 2023: $8,862,1332023Revenue 2024: $210,774,465Expenses 2024: $200,093,700Net Income 2024: $10,680,7652024Revenue 2025: $159,199,685Expenses 2025: $156,382,480Net Income 2025: $2,817,2052025

Highlighted filing

2023

Revenue$201,501,966
Expenses$192,639,833
Net Income$8,862,133
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Mar 27, 2024
Return Version
2022v5.0
Gross Receipts
$201,542,637
Mission and Program Overview

Mission

Education Development Center, Inc. (EDC) is a global nonprofit organization with a mission to advance every person's journey to learn, work, and be well. Working closely with public-sector and private partners, EDC achieves lasting impact by evaluating, advancing, and leading effective solutions.

Education Development Center, Inc. (EDC), is a global nonprofit organization that advances lasting solutions to improve education, promote health, and expand economic opportunity. Since 1958, we have been a leader in designing, implementing, and evaluating powerful and innovative programs in more than 80 countries around the world. Our work is organized by the following bodies of work: Behavioral, Physical, and Mental Health; Capacity Building for Individuals, Organizations, and Systems; Early Childhood Development and Learning; Elem. Basic and Secondary Education; HIV and Sexual and Reproductive Health; Addiction Prevention; Out-of-School Learning; STEM Education; Suicide, Violence, and Injury Prevention; Youth and Workforce Devel.; Caring for older adults. Our services include: EDC Solutions; Design and development; Evaluation; Implementation; Policy and Research. The regions where we work: Africa; Asia; Latin America and the Caribbean; Middle East; U.S.;Canada;Tribal Nations;Europe

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$45,480,505$66,409,044▲ $20,928,539
Accounts Receivable$12,389,649$12,780,746▲ $391,097
Prepaid Expenses and Deferred Charges$3,579,982$5,185,437▲ $1,605,455
Land, Buildings, and Equipment, Net$4,990,013$4,934,826▼ $55,187
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$79,029,805$116,911,673▲ $37,881,868
Other Assets Total$12,589,656$27,601,620▲ $15,011,964
Liabilities
Accounts Payable and Accrued Expenses$19,849,220$27,366,281▲ $7,517,061
Other Liabilities$666,095$16,689,428▲ $16,023,333
Deferred Revenue$11,392,288$16,042,995▲ $4,650,707
Unsecured Notes Loans Payable$4,242,857$3,614,285▼ $628,572
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$36,150,460$63,712,989▲ $27,562,529
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$42,293,731$52,588,116▲ $10,294,385
Net Assets With Donor Restrictions$585,614$610,568▲ $24,954
Total Net Assets Fund Balance$42,879,345$53,198,684▲ $10,319,339
Total Liabilities and Net Assets / Fund Balance$79,029,805$116,911,673▲ $37,881,868

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,144,856$18,348,450$21,493,306
Leasehold Improvements$1,789,970$690,296$2,480,266
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Other Assets Org$15,306,048--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David Offensend ret Feb 28 2023President and C.E.O.FT$428,555$11,236$439,791
Cheryl Hoffmann-BrayC.F.O., C.C.O., Sr. V.P.,TreasurerFT$338,809$62,813$401,622
Cindy TaylorSr. V.P. U.S. DivisionFT$320,626$60,441$381,067
Nancy DevineSr. V.P., International Development DivisionFT$310,183$55,132$365,315
Siobhan MurphySr. V.P., C.O.O.FT$309,118$39,483$348,601
Christine FilosaSr. V.P., General Counsel, Corporate SecretaryFT$280,648$52,539$333,187
Suzanne ReierChief of PartyFT$255,598$77,133$332,731
Alfred SchulzDeputy Chief of Party Finance and OperationsFT$242,286$77,433$319,719
Shelley PasnikSenior Vice PresidentFT$265,501$51,413$316,914
Andrew LewisChief of PartyFT$245,542$64,557$310,099
Rebecca StoeckleSenior Vice PresidentFT$236,858$47,182$284,040
Kate HughesDirector & Interim Chief Human Resources OfficerFT$202,865$46,098$248,963
Sarita PillaiChief Equity, Diversity and Inclusion OfficerFT$202,359$45,911$248,270

Board Members and Trustees

NameTitle
Ciara BurnhamTrustee, Chair
Liesbet Steer Eff March 1 2023President and CEO
Bill HughesTrustee
Cynthia King VanceTrustee
Darshak ShahTrustee
David ByerTrustee
Iqbal MamdaniTrustee
Isabelle HauTrustee
Maia SharpleyTrustee
Nyagaka OngeriTrustee
Paul MasseyTrustee
Philip DaroTrustee
Sneha ShahTrustee
Anne BryantTrustee, Emeritus (non-voting)
Beatriz ClewellTrustee, Emeritus (non-voting)
Garth GrahamTrustee, Emeritus (non-voting)
Judy CoddingTrustee, Emeritus (non-voting)
Linda RobertsTrustee, Emeritus (non-voting)
Robert PeirceTrustee, Emeritus (non-voting)
Vijay KumarTrustee, Emeritus (non-voting)
William MacArthurTrustee, Emeritus (non-voting)
Gail WickesTrustee, Emeritus, non-voting
Paul HofmannTrustee, Emeritus, non-voting
Vivien StewartTrustee, Emeritus, non-voting

Highest Paid Contractors

ContractorServicesLocationCompensation
Georgetown UniversityEducation R&D3800Reservoir Rd NW, Washington, DC 20057$2,985,843
JSI Research TrainingEducation R&D44 Farnsworth St, Boston, MA 02210$2,924,126
Catholic Relief ServicesEducation R&D228 W Lexington St, Baltimore, MD 21201$911,688
SRI InternationalEducation R&D333 Ravenswood Ave, Menlo Park, CA 94025$794,119
LA Promise FundEducation R&D1933 S Broadway Ste 1108, Los Angeles, CA 90007$752,971
Revenue and Support

Revenue Composition

Contributions and Grants
$199,108,225
Program Service Revenue
$1,331,010
Investment Income
$1,062,731
Other Revenue
$0
All Other Contributions
$2,456,591
Change in Net Assets
$8,862,133

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table125$1,242,265Fair Market Value
Total Noncash Contributions125$1,242,265-

Audited Revenue Reconciliation

Revenue per Audited Statements
$201,501,966
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,751,058
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$203,253,024
Total Revenue per Form 990
$201,501,966
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$100,395,680
Other Expenses$55,642,875
Grants and Similar Amounts Paid$36,601,278
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$65,734,023$7,760,174$0$73,494,197
Foreign Grants$23,371,077--$23,371,077
Office Expenses$12,643,795$2,682,716$0$15,326,511
Grants to Domestic Orgs$13,230,201--$13,230,201
Other Employee Benefits$11,315,056$1,878,135$0$13,193,191
Fees for Services Other$5,416,892$375,052$0$5,791,944
Pension Plan Contributions$5,074,140$520,281$0$5,594,421
Occupancy$4,682,287$500,932$0$5,183,219
Travel$4,422,599$267,585$0$4,690,184
Payroll Taxes$3,981,719$408,269$0$4,389,988
All Other Expenses$4,108,041$187,428$0$4,295,469
Current Officers, Directors, Trustees, and Key Employees$1,927,030$1,796,853$0$3,723,883
Other Expenses$3,116,569$0$0$3,116,569
Conferences and Meetings$2,284,467$403,814$0$2,688,281
Information Technology$1,357,003$81,633$0$1,438,636
Depreciation Depletion$416,487$567,566$0$984,053
Insurance$196,892$328,584$0$525,476
Fees for Services Accounting$57,404$169,750$0$227,154
Fees for Services Legal$104,533$103,230$0$207,763
Fees for Services Lobbying$2,887$0$0$2,887
Total Functional Expenses$174,607,831$18,032,002$0$192,639,833

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$192,933,685
Expenses per Audited Statements$192,639,833
Total Expenses per Form 990$192,639,833
Expenses Not Reported on Form 990$293,852
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Georgetown UniversityWashington, DC501 ( c ) 3Ed R & D$2,878,757
Training Resources GroupArlington, VA501 ( c ) 3Ed R & D$1,441,476
LA Promise FundLos Angeles, CA501 ( c) 3Ed R & D$752,971
University of California San FranciscoSan Francisco, CA-Ed R & D$654,899
Bank Street College of EducationNew York, NY501 ( c) 3Ed R & D$423,271
New York UniversityNew York, NY501 ( c ) 3Ed R & D$413,530
Management Systems InternationalArlington, VA501 ( c ) 3Ed R & D$384,259
New York Hall of ScienceCorona, NY501 ( c ) 3Ed R & D$327,119
WgbhBrighton, MA-Ed R & D$266,356
Bay State Community ServQuincy, MA501 ( c) 3Ed R & D$255,443
University of Southern FloridaOrlando, FL-Ed R & D$250,659
Pacific Institute for R &ECalverton, MD501 ( c) 3Ed R & D$233,085
University of California BerkeleyBerkeley, CA501 (c ) 3Ed R & D$223,758
University of Rhode IslandKingston, RI-Ed R & D$219,570
Sesame WorkshopNew York, NY501 ( c ) 3Ed R & D$200,292
Wellesley Center for WomenWellesley, MA-Ed R & D$198,540
President and FellowsBoston, MA501 ( c ) 3Ed R & D$195,198
Princeton UniversityPrinceton, NJ501 ( c ) 3Ed R & D$166,531
Deacon Hill ResearchFredericksburg, VA501 ( c ) 3Ed R & D$160,706
From Prison Cells to PHDBaltimore, MD501 ( c ) 3Ed R & D$157,277
University of Puerto RicoHomacao, PR-Ed R & D$154,602
Literacy Partners IncNew York, NY501 ( c ) 3Ed R & D$146,301
Inclusive DevelopmentMilford, NH501 ( c ) 3Ed R & D$141,170
National After SchoolOakton, VA501 ( c ) 3Ed R & D$137,894
Research Triangle InstituteRaleigh, NC501 ( c ) 3Ed R & D$137,500
ABT Associates IncBoston, MA501 ( c) 3Ed R & D$133,092
University of North Carolina Chapel HillCharlotte, NC-Ed R & D$124,011
Columbia UniversityNew York, NY501 ( c ) 3Ed R & D$122,485
University of Massachusetts BostonBoston, MA-Ed R & D$121,288
Vanderbilt UniversityNashville, TN-Ed R & D$119,264
Operation RestorationNew Orleans, LA501 ( c ) 3Ed R & D$108,748
Education Design IncNewtonville, MA501 ( c ) 3Ed R & D$107,264
Franklin Regional CouncilGreenfield, MA501 ( c ) 3Ed R & D$106,429
North Carolina State UniversityRaleigh, NC501 ( c ) 3Ed R & D$103,007
WestatRockville, MD-Ed R & D$102,155
Massachusetts DeptMalden, MA501 ( c ) 3Ed R & D$99,600
Goodman Research Groups IncCambridge, MA501 ( c ) 3Ed R & D$99,263
Connecticut Science CenterHartford, CT501 ( c) 3Ed R & D$95,279
Headspin SoftwareBurlington, MA501 ( c ) 3Ed R & D$94,105
Weill Cornell MedicineNew York, NY-Ed R & D$86,841
Brigham and Women's HospitalBoston, MA501 ( c ) 3Ed R & D$85,550
University of Southern CaliforniaLos Angeles, CA-Ed R & D$67,504
University of ColoradoDenver, CO-Ed R & D$66,455
San Diego WorkforceSan Diego, CA501 ( c ) 3Ed R & D$65,869
University of TexasDallas, TX-Ed R & D$63,286
Ideal Logic LLCCorvallis, OR501 ( c ) 3Ed R & D$60,000
Horizon Research IncChapel Hill, NC501 ( c ) 3Ed R & D$53,858
Galdos Pictures LLCReading, MA501 ( c ) 3Ed R & D$52,035
WestedSan Francisco, CA-Ed R & D$51,308
Healing EmpoweringChicago, IL501 ( c ) 3Ed R & D$50,761
University of ILChicago, IL-Ed R & D$48,467
Salesforce orgSan Francisco, CA501 ( c ) 3Ed R & D$36,833
Drexel UniversityPhiladelphia, PA501 ( c) 3Ed R & D$33,446
Electric Funstuff IncNew York, NY501 ( c ) 3Ed R & D$32,757
University of OklahomaNorman, OK-Ed R & D$30,655
SRI InternationalMenlo Park, CA501 ( c ) 3Ed R & D$30,000
Teaching Strategies LLCChicago, IL115 (1)Ed R & D$28,180
University of Nevada RenoReno, NV-Ed R & D$27,520
WnetNew York, NY-Ed R & D$24,229
Digital PromiseWashington, DC501 ( c ) 3Ed R & D$19,789
City of New YorkNew York, NY501 ( c ) 3Ed R & D$18,488
National Summer LearningBaltimore, MD501 ( c ) 3Ed R & D$17,841
Elk Grove Unified SchoolElk Grove, CA115Ed R & D$17,517
Bridgeland Technical CollegeLogan, UT115Ed R & D$16,625
Harford CommunityBel Air, MD501 ( c ) 3Ed R & D$16,625
Green River CollegeAuburn, WA501 ( c ) 3Ed R & D$16,506
University of RochesterRochester, NY-Ed R & D$12,048
Prevent BlindnessChicago, IL501 ( c ) 3Ed R & D$12,000
WrmaArlington, VA-Ed R & D$10,068
Mount Washington ObservatoryNorth Conway, NH501 ( c ) 3Ed R & D$7,180
University of MissouriKansas City, MO-Ed R & D$6,937
3Play Media IncBoston, MA501 ( c) 3Ed R & D$5,865

International Summary

Offices
17
Employees
617
Spending
$99,824,093

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-Saharan AfricaProgram ServicesProject Implementatopm9435$52,645,726
Sub-Saharan AfricaGrantmaking-00$15,498,913
Middle East and North AfricaProgram ServicesProject Implementation461$9,985,366
East Asia and the PacificProgram ServicesProject Implementation393$7,371,488
Central America and the CaribbeanProgram ServicesProject Implementation128$6,353,758
Middle East and North AfricaGrantmaking-00$4,235,043
East Asia and the PacificGrantmaking-00$2,785,726
Europe (including Iceland and Greenland)Grantmaking-00$718,537
North America (including Canada and Mexico, but not the United States)Grantmaking-00$132,858
Europe (including Iceland and Greenland)Program ServicesProject Implementation00$96,678
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liabilities$16,689,428
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

EDC signed an agreement with Weber Shandwick to assist EDC's communications team with its branding and other strategic efforts. Paul Massey is an officer of Weber Shandwick. Mr. Massey will recuse himself from the work or any aspect of it between EDC and Weber Shandwick.

Form 990, Part VI, Section A, Line 6

EDC was organized as a membership corporation pursuant to the laws of Delaware. Pursuant to Delaware law, four corporate powers are reserved to Members. Those powers are detailed in Article II b of EDC's amended bylaws which states: B. Member of the Corporation and Their Authority: The Trustees shall constitute the Membership of the Corporation and no person may be a Member of the Corporation who is not also a Trustee; 2) Approval of amendments of the Certification of Incorporation; 3) Approval of mergers with another organization; 4) Approval of the sale or disposition of EDC.

Form 990, Part VI, Section A, Line 7A

Refer to answer for Part VI, Section A, line 6.

Form 990, Part VI, Section B, Line 11B

The 990 is prepared by management and reviewed by tax professionals at Grant Thornton, the CFO, and the Audit Committee of the Trustees. The complete Form 990 and all schedules are provided to every board member prior to filing the form with the IRS.

Form 990, Part VI, Section B, Line 12C

EDC has a conflict of interest policy that governs trustees and officers and a separate policy that governs all EDC employees. The policy requires an annual training, disclosure, and certification with mandatory updates and also upon hire. Potential conflicts are managed by a Conflicts Review Committee comprised of EDC's General Counsel, Human Resources Director, and the Director of Corporate Compliance who have no connection to the potential conflict.

Form 990, Part VI, Section B, Line 15

The Executive Committee of the Board (serving as the Compensation Committee) sets and approves the C.E.O. compensation as well as compensation proposed by the C.E.O, for the senior vice presidents. Each year, the C.E.O. works with the V.P. of Human Resources to recommend appropriate pay levels for the other senior executives based on market data and performance information. For other employees, the Executive Committee will provide and monitor adherence to the approved compensation philosophy and systems through management reports and surveys. Market data is gathered on an ongoing basis from reliable and valid sources. Decisions and deliberations are contemporaneously documented. The last compensation study was performed December 2021.

Form 990, Part VI, Section C, Line 19

EDC makes its governing documents, conflict of interest policy, and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Education Development Center Inc
EIN
04-2241718
Phone
6179697100
Address
300 Fifth Avenue Suite 2010, Waltham, MA 02451

Signing Officer

Name
Cheryl Hoffman-Bray
Title
CFO, CCO, Sr VP, Treasurer
Phone
6379697100
Signed
2024-03-27

Organization Details

Principal Officer
Liesbet Steer
Formed
1958
Legal Domicile
Ma
Voting Board Members
13
Independent Board Members
12
Employees
765
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

rounding

Financial Statement Notes

Schedule D, Part X, Line 2

EDC is a not-for-profit organization as described in 501(c)(3) of the Internal Revenue Code, as amended (the "Code"), and is generally exempt from income taxes pursuant to Section 501 (a) of the Code. EDC is required to assess uncertain positions and has determined that there were no such positions that are material to the financial statements.

Schedule D, Part XII, Line 2D

Rounding

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IRS990/ActivityOrMissionDesc0Education Development Center, Inc. (EDC), is a global nonprofit organization that advances lasting solutions to improve education, promote health, and expand economic opportunity. Since 1958, we have been a leader in designing, implementing, and evaluating powerful and innovative programs in more than 80 countries around the world. Our work is organized by the following bodies of work: Behavioral, Physical, and Mental Health; Capacity Building for Individuals, Organizations, and Systems; Early Childhood Development and Learning; Elem. Basic and Secondary Education; HIV and Sexual and Reproductive Health; Addiction Prevention; Out-of-School Learning; STEM Education; Suicide, Violence, and Injury Prevention; Youth and Workforce Devel.; Caring for older adults. Our services include: EDC Solutions; Design and development; Evaluation; Implementation; Policy and Research. The regions where we work: Africa; Asia; Latin America and the Caribbean; Middle East; U.S.;Canada;Tribal Nations;Europe
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IRS990/Desc0International Development Division (IDD): The IDD team continued to pursue new challenges in 2023, wrapping up its first three year strategy and beginning a new three year strategy. IDD continued/began work on three "signature" flagship initiatives in 2023 that we will continue to build out in FY2024. These are: 1. A climate change awareness initiative with three prongs: Our World Our Work (OWOW) to promote the development of green and blue jobs for youth; Inspiring Climate Action Now (ICAN) which is focused on testing IDD's early grade science and climate work; and, the "greening" of IDD/EDC operations. Indeed, in September 4-6 2023: The inaugural Africa Climate Summit was held in Nairobi, Kenya and featured a panel hosted by Liesbet Steer, "The Big Opportunity: Education and Skills Development for a Climate-Adapted and Green Economy." The panel included the First Ladies of Kenya and Sierra Leone, as well as public and private sector representatives, discussing education and skills transformation in Africa. 2. Mental Health Now. IDD worked in 2023 on the process of digitizing the mental health curriculum developed in FY22 for youth. The digitization process involves creating audio, video and social media materials to engage youth and assist facilitators in delivering the curriculum in an entertaining and interactive manner. 3. Learning Generation Initiative: The LGI will integrate the work of the former Education Commission into IDD's portfolios of work, integrate the former Education Commission team members into the technical team work of IDD and expand funding to continue these initiatives. While #3 above is a new initiative, #s 1 and 2 are well along. OWOW is the most mature of these initiatives and has had considerable success over the course of 2023. ICAN and the greening of EDC are not as far along as OWOW but have taken shape in 2023 and have much momentum going into 2024. IDD has developed cross cutting and integrated workplans for FY24 focused on the above three areas, in addition to the usual technical team, portfolio and working group workplans. In addition to pursuing the above signature initiatives, relating to technical teams, portfolios and working groups, IDD will continue to build out core areas of strength in 2023, including in early childhood development, adolescent girls and young women, youth skilling curricula (Future Proof Skills) for TVET and post-secondary education, educator workforce preparation, accelerated education, learning and school safety, comprehensive adolescent sexuality and its work on social and institutional resiliency. IDD also continued to focus on core cross cutting areas of locally led development, gender and engaging the private sector in 2023. All of these areas are part of IDD's three-year strategic plan (2023-2025). IDD Communications: The IDD Communications team made a concerted effort to collect new digital resources from several of our projects on the ground in 2023, especially those that are closing. In March, Cornelia Janke was featured as an expert in education in crisis and conflict on the UK Foreign Commonwealth and Development Office (FCDO)-sponsored podcast "What Works for Education in Crisis and Conflict." The invitation to Ms. Janke speaks to her role as a thought leader in CCV and was an excellent opportunity to raise EDC's profile in FCDO circles. The International Basic Education team also developed an article for the Commonwealth Education Report 2023, which was accepted. Liesbet Steer also has a publication in this report on school feeding programs. The publication was released in May 2023 with EDC prominently featured. The Comparative and International Education Society (CIES) Annual Conference is the one time during the year that international education researchers, funders, and implementers come together to share their work. EDC had over 20 presentations at the conference in February. Amy Deal presented " Comprehensive Sexuality Education as a Critical Enable
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IRS990/Form990PartVIISectionAGrp/PersonNm0David Offensend ret Feb 28 2023
IRS990/Form990PartVIISectionAGrp/PersonNm1Cheryl Hoffmann-Bray
IRS990/Form990PartVIISectionAGrp/PersonNm2Cindy Taylor
IRS990/Form990PartVIISectionAGrp/PersonNm3Nancy Devine
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IRS990/Form990PartVIISectionAGrp/PersonNm9Andrew Lewis
IRS990/Form990PartVIISectionAGrp/PersonNm10Rebecca Stoeckle
IRS990/Form990PartVIISectionAGrp/PersonNm11Kate Hughes
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IRS990/Form990PartVIISectionAGrp/PersonNm14Beatriz Clewell
IRS990/Form990PartVIISectionAGrp/PersonNm15Judy Codding
IRS990/Form990PartVIISectionAGrp/PersonNm16Paul Hofmann
IRS990/Form990PartVIISectionAGrp/PersonNm17Vijay Kumar
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IRS990/Form990PartVIISectionAGrp/PersonNm24Ciara Burnham
IRS990/Form990PartVIISectionAGrp/PersonNm25David Byer
IRS990/Form990PartVIISectionAGrp/PersonNm26Bill Hughes
IRS990/Form990PartVIISectionAGrp/PersonNm27Philip Daro
IRS990/Form990PartVIISectionAGrp/PersonNm28Garth Graham
IRS990/Form990PartVIISectionAGrp/PersonNm29Iqbal Mamdani
IRS990/Form990PartVIISectionAGrp/PersonNm30Isabelle Hau
IRS990/Form990PartVIISectionAGrp/PersonNm31Darshak Shah
IRS990/Form990PartVIISectionAGrp/PersonNm32Paul Massey
IRS990/Form990PartVIISectionAGrp/PersonNm33Liesbet Steer Eff March 1 2023
IRS990/Form990PartVIISectionAGrp/PersonNm34Sneha Shah
IRS990/Form990PartVIISectionAGrp/PersonNm35Maia Sharpley
IRS990/Form990PartVIISectionAGrp/PersonNm36Cynthia King Vance
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0428555
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1338809
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2320627
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3310183
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4309118
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5280648
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6282044
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7278273
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8265501
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9268042
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10236858
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11202865
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12202359
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$124$51.4$73.1$159$156$2.82
2024Detailed filing. Detailed filing data is available for this year.$124$55.7$68.3$211$200$10.7
2023Detailed filing. Detailed filing data is available for this year.$117$63.7$53.2$202$193$8.86
2022Detailed filing. Detailed filing data is available for this year.$79.0$36.2$42.9$187$176$10.4
2021Detailed filing. Detailed filing data is available for this year.$70.8$35.5$35.3$168$163$5.38
2020Detailed filing. Detailed filing data is available for this year.$65.9$36.0$29.9$148$145$2.45
2019Detailed filing. Detailed filing data is available for this year.$57.3$29.9$27.4$162$159$3.14
2018Detailed filing. Detailed filing data is available for this year.$59.0$34.8$24.1$156$153$2.21
2017Detailed filing. Detailed filing data is available for this year.$58.6$36.7$21.9$147$145$1.52
2016Detailed filing. Detailed filing data is available for this year.$53.5$33.1$20.4$135$135$0.50
2015Detailed filing. Detailed filing data is available for this year.$50.1$30.2$19.9$143$144$0.37
2014Detailed filing. Detailed filing data is available for this year.$56.1$35.9$20.3$160$159$0.30
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$61.1$41.1$20.0$204$203$1.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$62.9$44.0$19.0$193
2011Summary only. Only limited summary data is available for this year.$59.4$42.3$17.1$200$197$3.36
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.5$33.8$13.7$179
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2023 filings • 501(c)3 • $100M-$250M nonprofits