Civic Intelligence

Education Development Center Inc.

990 • Fiscal year 2024 • EIN 04-2241718

Oct 01, 2023 to Sep 30, 2024 • Filed on Mar 26, 2025

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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

66th percentile

0.45x

Higher debt load relative to assets than 66% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

35th percentile

0.26x

Higher debt load relative to revenue than 35% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

53rd percentile

5.1%

Higher net margin than 53% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

48th percentile

$459,922

Higher top officer pay than 48% of similar nonprofits.

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

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

48th percentile

6.0%

Faster asset growth than 48% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

38th percentile

4.6%

Faster revenue growth than 38% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$123,981,044

Up $7,069,371 (+6.0%) from 2023

Net Assets

Up

$68,282,124

Up $15,083,440 (+28%) from 2023

Liabilities

Down

$55,698,920

Down $8,014,069 (-13%) from 2023

Revenue

Up

$210,774,465

Up $9,272,499 (+4.6%) from 2023

Expenses

Up

$200,093,700

Up $7,453,867 (+3.9%) from 2023

Net Income

Up

$10,680,765

Up $1,818,632 (+21%) from 2023

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

2024

Assets$123,981,044
Liabilities$55,698,920
Net Assets$68,282,124

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

2024

Revenue$210,774,465
Expenses$200,093,700
Net Income$10,680,765
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Mar 26, 2025
Return Version
2023v6.0
Gross Receipts
$215,082,638
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$66,409,044$71,066,914▲ $4,657,870
Accounts Receivable$12,780,746$18,711,123▲ $5,930,377
Land, Buildings, and Equipment, Net$4,934,826$4,311,685▼ $623,141
Prepaid Expenses and Deferred Charges$5,185,437$3,866,239▼ $1,319,198
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$116,911,673$123,981,044▲ $7,069,371
Other Assets Total$27,601,620$26,025,083▼ $1,576,537
Liabilities
Accounts Payable and Accrued Expenses$27,366,281$26,639,000▼ $727,281
Other Liabilities$16,689,428$14,147,777▼ $2,541,651
Deferred Revenue$16,042,995$11,926,000▼ $4,116,995
Unsecured Notes Loans Payable$3,614,285$2,986,143▼ $628,142
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$63,712,989$55,698,920▼ $8,014,069
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$52,588,116$67,578,000▲ $14,989,884
Net Assets With Donor Restrictions$610,568$704,124▲ $93,556
Total Net Assets Fund Balance$53,198,684$68,282,124▲ $15,083,440
Total Liabilities and Net Assets / Fund Balance$116,911,673$123,981,044▲ $7,069,371

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,793,277$19,074,616$21,867,893
Leasehold Improvements$1,518,408$976,460$2,494,868
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Other Assets Org$12,955,122--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Liesbet Steer Ret May 1 2024President and CEOFT$418,064$41,858$459,922
Cheryl Hoffmann-BrayC.F.O., C.C.O., Sr. V.P.,TreasurerFT$359,020$66,204$425,224
Cindy TaylorSr. V.P. U.S. DivisionFT$330,626$61,971$392,597
Siobhan MurphyInterim President and CEO eff May 2 2024FT$337,017$43,546$380,563
Nancy DevineSr. V.P., International Development DivisionFT$334,696$45,345$380,041
Christine FilosaSr. V.P., General Counsel, Corporate SecretaryFT$310,205$57,191$367,396
Shelley PasnikSenior Vice PresidentFT$285,660$55,017$340,677
Aidan Patrick EganChief of PartyFT$279,623$60,533$340,156
Andrew LewisChief of PartyFT$255,392$81,907$337,299
Thomas RiellyVice President, Director of OperationsFT$265,230$52,302$317,532
Rebecca StoeckleSenior Vice PresidentFT$251,002$51,474$302,476
Kate HughesDirector & Interim Chief Human Resources OfficerFT$225,028$50,330$275,358
Sarita PillaiSr Vice President, Portfolio LeaderFT$223,822$50,372$274,194

Board Members and Trustees

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

Highest Paid Contractors

ContractorServicesLocationCompensation
James Bell AssociatesEducation R&D3033 Wilson Blvd Ste 650, Arlington, VA 22201$2,898,145
Georgetown UniversityEducation R&D3800Reservoir Rd NW, Washington, DC 20057$2,749,544
SRI InternationalEducation R&D333 Ravenswood Ave, Menlo Park, CA 94025$1,164,205
Improving EconomiesEducation R&D2000 M Street NW STE 250, Washington, DC 20036$1,106,647
Search For Common GroundEducation R&D1601 Connecticut Ave NW STE 200, Washington, DC 20009$960,363
Revenue and Support

Revenue Composition

Contributions and Grants
$207,741,740
Program Service Revenue
$1,061,369
Investment Income
$1,971,356
Other Revenue
$0
All Other Contributions
$237,910
Change in Net Assets
$10,680,765

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 Table200$237,910Fair Market Value
Total Noncash Contributions200$237,910-

Audited Revenue Reconciliation

Revenue per Audited Statements
$210,774,465
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$5,864,712
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$216,639,177
Total Revenue per Form 990
$210,774,465
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$104,102,693
Other Expenses$58,132,859
Grants and Similar Amounts Paid$37,858,148
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$67,333,923$8,508,727$0$75,842,650
Foreign Grants$23,305,467--$23,305,467
Other Employee Benefits$11,804,945$2,101,611$0$13,906,556
Grants to Domestic Orgs$13,501,216--$13,501,216
Office Expenses$7,532,520$2,524,611$0$10,057,131
Fees for Services Other$6,904,052$652,359$0$7,556,411
Pension Plan Contributions$5,200,479$533,235$0$5,733,714
Conferences and Meetings$4,901,455$410,762$0$5,312,217
Payroll Taxes$4,255,869$436,379$0$4,692,248
Travel$4,249,639$294,735$0$4,544,374
Occupancy$3,990,930$459,885$0$4,450,815
Current Officers, Directors, Trustees, and Key Employees$1,761,959$2,165,566$0$3,927,525
Other Expenses$3,011,512$89,804$0$3,101,316
Information Technology$1,243,433$85,142$0$1,328,575
Grants to Domestic Individuals$1,051,465--$1,051,465
Depreciation Depletion$506,133$509,233$0$1,015,366
Insurance$178,560$363,265$0$541,825
Fees for Services Accounting$243,228$287,238$0$530,466
Fees for Services Legal$111,546$198,598$0$310,144
Fees for Services Lobbying$7,524$0$0$7,524
Advertising$1,613$0$0$1,613
Total Functional Expenses$180,472,550$19,621,150$0$200,093,700

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$201,556,333
Expenses per Audited Statements$200,093,701
Total Expenses per Form 990$200,093,700
Expenses Not Reported on Form 990$1,462,632
Expenses Not Reported on Financial Statements$-1
Other Expense Adjustments$-1
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Georgetown UniversityWashington, DC115Ed R & D$2,708,499
James Bell AssociatesArlington, VA501 ( c ) 3Ed R & D$839,737
LA Promise FundLos Angeles, CA501 ( c ) 3Ed R & D$785,315
University of California San FranciscoSan Francisco, CA-Ed R & D$513,695
Literacy Partners IncNew York, NY115Ed R & D$416,035
Northeastern UniversityBoston, MA501 ( c ) 3Ed R & D$415,041
University of Southern FloridaOrlando, FL-Ed R & D$410,458
Columbia UniversityNew York, NY501 ( c) 3Ed R & D$367,478
Bank Street College of EducationNew York, NY501 ( c) 3Ed R & D$349,723
Bay State Community ServQuincy, MA501 ( c ) 3Ed R & D$297,955
Bellarmine UnivLouisville, KY501 ( c ) 3Ed R & D$296,309
North Carolina A&T State UniversityGreensboro, NC501 ( c ) 3Ed R & D$254,145
Start EarlyChicago, IL-Ed R & D$229,895
New York Hall of ScienceCorona, NY501 ( c ) 3Ed R & D$224,329
University of California BerkeleyBerkeley, CA-Ed R & D$223,663
New York UniversityNew York, NY501 ( c ) 3Ed R & D$212,454
Princeton UniversityPrinceton, NJ-Ed R & D$210,423
Sesame WorkshopNew York, NY-Ed R & D$205,802
Deacon Hill ResearchFredericksburg, VA501 ( c ) 3Ed R & D$200,923
WestatRockville, MD-Ed R & D$191,654
Pacific Institute for R &ECalverton, MD501 ( c ) 3Ed R & D$189,724
ABT Associates IncBoston, MA501 ( c) 3Ed R & D$161,376
Headspin SoftwareBurlington, MA501 ( c ) 3Ed R & D$157,765
University of Puerto RicoHomacao, PR-Ed R & D$154,602
University of Rhode IslandKingston, RI-Ed R & D$153,969
Research Triangle InstituteRaleigh, NC-Ed R & D$150,334
From Prison Cells to PHDBaltimore, MD501 ( c ) 3Ed R & D$144,958
Vanderbilt UniversityNashville, TN-Ed R & D$142,966
WgbhBrighton, MA-Ed R & D$134,176
Yale UnivNew Haven, CT-Ed R & D$134,141
Columbus State CommunityColumbus, OH501 ( c ) 3Ed R & D$132,966
North Carolina State UniversityRaleigh, NC501 ( c) 3Ed R & D$126,397
Pendragwn ProductionsWashington, DC501 ( c ) 3Ed R & D$120,400
Operation RestorationNew Orleans, LA501 ( c ) 3Ed R & D$100,394
Connecticut Science CenterHartford, CT501 ( c ) 3Ed R & D$95,340
The Rucks Group LLCDayton, OH-Ed R & D$95,120
National After SchoolOakton, VA501 ( c ) 3Ed R & D$95,012
Policy Studies AssociatesWashington, DC501 ( c ) 3Ed R & D$89,776
Goodman Research Groups IncCambridge, MA501 ( c ) 3Ed R & D$89,367
ICF Incorporated LLCFairfax, VA501 ( c ) 3Ed R & D$87,814
Three Stones InternationalYpsilanti, MI-Ed R & D$83,434
Research FoundationNew York, NY-Ed R & D$83,415
University of Massachusetts BostonBoston, MA-Ed R & D$82,187
Franklin Regional CouncilGreenfield, MA501 ( c ) 3Ed R & D$74,734
Brigham and Women's HospitalBoston, MA501 ( c ) 3Ed R & D$73,435
Teaching Strategies LLCChicago, IL-Ed R & D$71,220
WestedSan Francisco, CA-Ed R & D$71,199
Massachusetts DeptMalden, MA501 ( c ) 3Ed R & D$71,112
University of TexasDallas, TX-Ed R & D$64,133
Weill Cornell MedicineNew York, NY-Ed R & D$62,718
Participate IncChapel Hill, NC501 ( c ) 3Ed R & D$56,249
True Language PowerlingMarietta, GA-Ed R & D$50,891
WnetNew York, NY-Ed R & D$49,330
Parents to ParentsCentennial, CO501 ( c ) 3Ed R & D$48,000
University of Southern CaliforniaLos Angeles, CA-Ed R & D$46,699
Sonoma State UniversityRohnert Park, CA-Ed R & D$40,594
University of ILChicago, IL-Ed R & D$38,970
Digital PromiseWashington, DC501 ( c ) 3Ed R & D$38,432
City of New YorkNew York, NY501 ( c ) 3Ed R & D$37,327
Benjamin Rose InstituteCleveland, OH501 ( c) 3Ed R & D$34,540
Education Design IncNewtonville, MA501 ( c ) 3Ed R & D$34,368
Indiana UniversityDetroit, MI501 ( c ) 3Ed R & D$32,404
TIES Teaching InstituteCleveland Heights, OH-Ed R & D$28,926
University of North Carolina Chapel HillCharlotte, NC-Ed R & D$28,888
University of MarylandAdelphi, MD-Ed R & D$28,499
National Association For College EntrepreneurshipSpringfield, MA501 ( c ) 3Ed R & D$26,967
University of RochesterRochester, NY-Ed R & D$24,863
Mercy UniversityDobbs Ferry, NY501 ( c ) 3Ed R & D$23,625
Drexel UniversityPhiladelphia, PA501 ( c ) 3Ed R & D$22,631
Catholic Health SystemsBuffalo, NY501 ( c ) 3Ed R & D$21,000
Saint Joseph UniversityPhiladelphia, PA-Ed R & D$20,730
Horizon Research IncChapel Hill, NC501 ( c ) 3Ed R & D$19,287
Burlington Public SchoolsBurlington, MA501 ( c ) 3Ed R & D$16,990
Generation Citizen IncNew York, NY115Ed R & D$14,854
Leominster Public SchoolsLeominster, MA501 ( c ) 3Ed R & D$14,743
Salish Kootenai CollegePablo, MT-Ed R & D$14,220
Univision CommunicationsLos Angeles, CA-Ed R & D$10,000
Northeastern IllinoisChicago, IL501 ( c ) 3Ed R & D$8,402
Georgia Southern UniversityStatesboro, GA501 ( c ) 3Ed R & D$7,570
Native American CommunityBuffalo, NY501 ( c ) 3Ed R & D$7,500
Prevent BlindnessChicago, IL501 ( c ) 3Ed R & D$6,000

International Summary

Offices
19
Employees
476
Spending
$100,472,116

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 Services-10290$55,258,860
Middle East and North AfricaProgram Services-474$11,668,868
Sub-Saharan AfricaGrantmaking-00$11,456,825
East Asia and the PacificProgram Services-396$6,840,612
Middle East and North AfricaGrantmaking-00$5,876,654
East Asia and the PacificGrantmaking-00$4,240,373
Central America and the CaribbeanProgram Services-216$2,229,462
Europe (including Iceland and Greenland)Grantmaking-00$1,362,209
Europe (including Iceland and Greenland)Program Services-00$1,168,847
North America (including Canada and Mexico, but not the United States)Grantmaking-00$369,406
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$14,147,777
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 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 professional 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.

Form 990, Part VII, Section A, Line 1A

Siobhan Murphy's compensation for this filing was for her previous role as Chief Operating Officer.

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
2025-03-26

Organization Details

Principal Officer
Siobhan Murphy
Formed
1958
Legal Domicile
Ma
Voting Board Members
13
Independent Board Members
12
Employees
781
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 4B

Rounding

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IRS990/Desc0International Development Division (IDD): A. IDD Strategy Work: The IDD team continued to pursue new challenges in 2024, and continued to work on three IDD Strategic Innovation Fund (SIF) initiatives, as well as other technical ideas and our normal project work. This year, EDC launched its updated strategic vision and four "ambitions" to better communicate and present EDC's work to different audiences. In 2024, IDD worked to ensure that we communicate about our work through our updated strategic vision and related ambitions. The three SIF initiatives, which we have continued to invest in over the past couple of years are: 1. World Out Work (OWOW) to promote the development of green and blue jobs for youth; 2. Inspiring Climate Action Now (ICAN) which is focused on testing IDD's early grade science and climate education work; 3. Mental Health Now IDD worked in 2024 on the digitization and piloting of the mental health curriculum developed in FY22 for youth. 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. OWOW is the most mature of these initiatives and has had considerable success over the course of 2024. ICAN gained momentum going into the year 2024 and culminated with the pilot testing of the materials in the spring and summer, in Zambia, Mali, Antigua and Barbuda. The digitization process for the MHFA curriculum involved creating audit and video materials to engage youth in managing their own mental health and dealing constructively with adversity, anxiety, depression, etc. The programs are also designed to assist facilitators i delivering the curriculum in an entertaining and interactive manner. In addition to pursuing the above signature initiatives, relating to technical teams, portfolios and working groups, IDD continued to build our 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 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). Below, is a description of the work of IDD's technical teams in calendar year 2024. IDD's Health Technical Team works to improve heath knowledge, behaviors, and outcomes for children, adolescents, and young adults and their families and communities. We support Ministries and schools to deliver sexuality education and HIV and gender-based violence prevention curricula, and implement our sexual-reproductive health, gender, and GBV prevention package, Foundations of Health, for out-of-school youth. We create school- and community-based systems to link children and youth to health and social services, strengthen support for children and adolescents living with HIV and their families to improve treatment outcomes, and build capacity of health and social service workers and local NGOs to improve the provision of quality, coordinated care. We are also integrating mental health skill-building, psychosocial support, and safety and child protection initiatives into our programming to improve the well-being of children and youth across our programs. EDC's Youth and Workforce Development Team (YWD) is active in developing, refining and promoting a variety of initiatives including its Work Ready Now (WRN!)suite of programs, its Be Your Own Boss (BYOB) initiative targeted toward helping youth open small business, its Future Proof Skills (FPS) curriculum aimed to enhance practical work readiness and economic development training in institutions of higher education, such as Universities and post-secondar Technical and Vocational
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IRS990/Form990PartVIISectionAGrp/PersonNm34Vijay Kumar
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0418064
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1359020
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2330626
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3337017
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4334696
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5310205
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6285659
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7299963
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8287192
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9265230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10251002
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11225028
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12223822
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
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt310
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt320
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt330
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt340
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40

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. 2024 filings • 501(c)3 • $100M-$250M nonprofits