Civic Intelligence

Education at Work Inc

990 • Fiscal year 2019 • EIN 45-4035038

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

2300 Wall Street Suite RCincinnati, OH 45212

(513) 841-3600

Siviq Scores

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

Liabilities / Assets

76th percentile

0.59x

Higher debt load relative to assets than 76% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

30th percentile

0.14x

Higher debt load relative to revenue than 30% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

84th percentile

29%

Higher net margin than 84% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

97th percentile

$1,701,382

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

97th percentile

113%

Faster asset growth than 97% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

90th percentile

45%

Faster revenue growth than 90% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Assets

Up

$8,698,379

Up $4,620,004 (+113%) from 2018

Net Assets

Up

$3,593,725

Up $16,547,085 (+128%) from 2018

Liabilities

Down

$5,104,654

Down $11,927,081 (-70%) from 2018

Revenue

Up

$37,590,135

Up $11,669,816 (+45%) from 2018

Expenses

Up

$26,826,326

Up $2,359,632 (+9.6%) from 2018

Net Income

Up

$10,763,809

Up $9,310,184 (+640%) from 2018

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10M-$20MAssets 2012: $1,007,259Liabilities 2012: $1,997,594Net Assets 2012: -$990,3352012Assets 2013: $626,899Liabilities 2013: $3,057,969Net Assets 2013: -$2,431,0702013Assets 2014: $1,016,885Liabilities 2014: $4,569,781Net Assets 2014: -$3,552,8962014Assets 2015: $3,052,519Liabilities 2015: $2,697,263Net Assets 2015: $355,2562015Assets 2016: $6,423,494Liabilities 2016: $8,167,791Net Assets 2016: -$1,744,2972016Assets 2017: $5,084,560Liabilities 2017: $20,610,172Net Assets 2017: -$15,525,6122017Assets 2018: $4,078,375Liabilities 2018: $17,031,735Net Assets 2018: -$12,953,3602018Assets 2019: $8,698,379Liabilities 2019: $5,104,654Net Assets 2019: $3,593,7252019Assets 2020: $7,418,747Liabilities 2020: $3,507,363Net Assets 2020: $3,911,3842020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2019

Assets$8,698,379
Liabilities$5,104,654
Net Assets$3,593,725

Operations Trend

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

$40M$20M$0-$20MExpenses 2012: $1,751,6842012Revenue 2013: $3,253,854Expenses 2013: $4,694,589Net Income 2013: -$1,440,7352013Revenue 2014: $5,998,405Expenses 2014: $7,120,231Net Income 2014: -$1,121,8262014Revenue 2015: $5,307,744Expenses 2015: $7,634,075Net Income 2015: -$2,326,3312015Revenue 2016: $3,207,242Expenses 2016: $6,655,533Net Income 2016: -$3,448,2912016Revenue 2017: $11,705,514Expenses 2017: $26,496,689Net Income 2017: -$14,791,1752017Revenue 2018: $25,920,319Expenses 2018: $24,466,694Net Income 2018: $1,453,6252018Revenue 2019: $37,590,135Expenses 2019: $26,826,326Net Income 2019: $10,763,8092019Revenue 2020: $27,265,167Expenses 2020: $28,198,129Net Income 2020: -$932,9622020Revenue 2021: $18,009,330Expenses 2021: $18,511,379Net Income 2021: -$502,0492021

Highlighted filing

2019

Revenue$37,590,135
Expenses$26,826,326
Net Income$10,763,809
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.1
Gross Receipts
$37,590,135
Mission and Program Overview

Mission

Education@work is a start-up organization whose mission is to provide employment and financial assistance to college students to help them get their degree and then, help them secure full-time employment. Many of the students helped will be first generation college students and minorities, where the affordability of college is the most challenging.

Education at work, inc.'s mission is to provide financial and other support for, and to otherwise operate for the benefit of, roadtrip nation, ltd. To pursue their mission of empowering students to find their road in life, their life path, through education curriculum and hands on experiences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$1,882,067$6,974,550▲ $5,092,483
Land, Buildings, and Equipment, Net$1,622,347$1,372,880▼ $249,467
Cash and Non-Interest-Bearing Accounts$586,276$265,457▼ $320,819
Prepaid Expenses and Deferred Charges$-78,415$41,038▲ $119,453
Intangible Assets$31,991$37,608▲ $5,617
Pledges and Grants Receivable$34,109$6,846▼ $27,263
Total Assets$4,078,375$8,698,379▲ $4,620,004
Liabilities
Deferred Revenue$232,830$2,965,531▲ $2,732,701
Accounts Payable and Accrued Expenses$1,829,610$2,103,059▲ $273,449
Other Liabilities$14,969,295$36,064▼ $14,933,231
Mortgage Notes Payable Secured by Investment Property$0--
Total Liabilities$17,031,735$5,104,654▼ $11,927,081
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-12,953,360$3,593,725▲ $16,547,085
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$-12,953,360$3,593,725▲ $16,547,085
Total Liabilities and Net Assets / Fund Balance$4,078,375$8,698,379▲ $4,620,004

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,076,704$1,292,372$2,369,076
Leasehold Improvements$296,176$845,437$1,141,613
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kathleen BrowningVP Client DevelopmentFT$129,952$135,768$265,720
Jaime NunezPresident (beg. 3/21/19)FT$206,731$31,105$237,836
Kim SchroederChief Technology OfficerFT$179,207$35,214$214,421
Tanya J MahonChief Development OfficerFT$187,391$17,704$205,095
Timothy MooreDirector, Client ServicesFT$154,327$24,844$179,171
Bradley PetrickVP Account & Workforce MgmtFT$143,077$28,463$171,540
Renee F KuwaharaCOO (thru 1/1/19)FT$149,415$13,989$163,404
Scott BlevinsSVP Univ. Pships/stud. SuccessFT$129,818$13,497$143,315
Jinee MajorsSecretary (thru 3/20/19)--$142,636$142,636

Board Members and Trustees

NameTitle
Larry Lutz Pres Thru 32019Chairman (beg. 3/21/19)
Craig P AndersonBoard Member
Erin RothBoard Member
Scott FlemingBoard Member
William HansenBoard Member
Thomas DawsonExecutive VP (beg. 3/21/19)
Stephen C HamFormer Officer
Christina ClarkSecretary (beg. 3/21/19)
Thomas R ErtelTreasurer (beg. 5/1/19)
Matthew B Murphy IiiTreasurer (thru 4/30/19)

Highest Paid Contractors

ContractorServicesLocationCompensation
Sonoran Crest Development LLCConstruction Services1401 N 24TH ST, Phoenix, AZ 85008$144,356
Revenue and Support

Revenue Composition

Contributions and Grants
$15,908,058
Program Service Revenue
$21,682,077
Investment Income
$0
Other Revenue
$0
All Other Contributions
$50,096
Change in Net Assets
$10,763,809
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$21,778,163
Other Expenses$5,048,163
Total Fundraising Expense$47,540
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$15,114,705$999,990$19,473$16,134,168
Other Employee Benefits$3,747,390$245,693$613$3,993,696
Occupancy$1,251,287$170,236-$1,421,523
Payroll Taxes$1,129,638$66,913$1,490$1,198,041
Depreciation Depletion$699,167$119,291-$818,458
Interest-$788,667-$788,667
Information Technology$433,175$287,907-$721,082
Current Officers, Directors, Trustees, and Key Employees-$428,474$23,784$452,258
Fees for Services Other$88,392$330,207-$418,599
Travel$259,040$118,156$2,167$379,363
Advertising$129,916$43,957-$173,873
Office Expenses$108,546$48,357$13$156,916
Insurance$38,323$10,947-$49,270
Fees for Services Legal-$21,335-$21,335
All Other Expenses-$21,249-$21,249
Conferences and Meetings-$4,843-$4,843
Fees for Services Accounting-$547-$547
Other Expenses$0$324-$324
Fees for Service Investment Mgmnt Fees-$166-$166
Total Functional Expenses$23,031,785$3,747,001$47,540$26,826,326
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
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$36,064
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Persons listed in part vii may have a "business relationship" with each other by virtue of sitting on related education at work, inc. Boards or by virtue of their employment with related education at work, inc. Entities.

Form 990, Part VI, Section A, Line 6

Strada education network, inc. Is the sole member of education at work, inc.

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

Strada education network, inc. Is the sole member of education at work, inc. As the sole member, strada education network, inc. Has the right to (a) elect and remove the members of the board of trustees of education at work, inc. And (b) fill any vacancy of the board of trustees.

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

Education at work, inc.'s sole member is strada education network, inc. Which shall have the rights and duties as provided in the corporation's regulations. In furtherance and not in limitation of powers conferred by law, the member is expressly authorized to make, adopt, alter, amend and repeal, from time to time, the regulations of the corporation. The member shall act through action taken by its board of trustees.

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

Once the form 990 is prepared by the company, with assistance from the external tax accounting firm, the form 990 and all applicable schedules are electronically sent out to the full board of education at work, inc. In advance of the form 990 being filed with the irs, allowing time for review and comment by the full board.

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

All trustees and officers of education at work, inc. Are employees of the sole member - strada education network, inc. Which requires an annual conflict of interest statement. For strada employees, a conflict of interest and disclosure questionnaire is required, annually, to be completed. The purpose of the questionnaire is to solicit information about relationships that may constitute a potential conflict of interest. Each member of the board of trustees signs an annual conflict of interest disclosure statement that discloses actual or potential conflicts of interest as set forth in the approved conflict of interest policy for trustees. The disclosure statements are reviewed by the governance committee of the board of trustees. When any such conflict of interest is relevant to a matter requiring action by the board of trustees or any committee, the interested person shall call it to the attention of the chair of the committee, and such person shall not vote on the matter. Moreover, the person having the conflict shall leave the room in which the meeting is held and not participate in the final deliberations or decisions regarding the matter under consideration. A trustee shall advise the chair of the governance committee and the corporate secretary in the writing of any potential conflicts of interest which arise after signing the conflict of interest disclosure statement.

Form 990, Part VI, Section B, Line 15

Compensation determinations of education at work, inc.'s president and the other officers for calendar year 2019 were made by a compensation committee of the board of trustees of the sole member, strada education network, inc. Whose members have no conflict of interest within the meaning of the treas. Reg. 53.4958-6(c)(1)(iii). The compensation committee establishes the compensation philosophy, and with comparability data provided by an independent compensation consultant, annually evaluates the performance of the president and all other officers, and determines in advance the reasonableness of compensation paid to and benefits provided to such individuals. The determinations made and the basis of such determinations are contemporaneously documented in written minutes. Final determinations are reported to the full board of trustees of strada education network, inc.

Form 990, Part VI, Section C, Line 19

The organization makes any document open to public inspection available upon request.

Filing and Contact Details

Filer

Filer Name
Education at Work Inc
EIN
45-4035038
Phone
5138413600
Address
2300 WALL STREET SUITE R, CINCINNATI, OH 45212

Signing Officer

Name
Thomas R Ertel
Title
Treasurer
Phone
5138413600
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jaime Nunez
Formed
2011
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
0
Employees
2,009
Volunteers
0

Preparer

Firm
Deloitte Tax Llp
Address
111 MONUMENT CIRCLE SUITE 4200, INDIANAPOLIS, IN 46204-5108
Preparer
Samantha Bokori
Phone
3174648600
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Transfer of net assets from strada education network, inc. 5,275,000.

Financial Statement Notes

PART X, LINE 2:

Education at work, inc. Is included in the consolidated financial statements of strada education network, inc. Per the consolidated financial statements, "strada accounts for uncertainties in income taxes on a more-likely-than-not criterion based on the positions taken or expected to be taken in a tax return. There were no uncertainties that require recognition or disclosure as of december 31, 2019 or 2018."

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IRS990/ActivityOrMissionDesc0EDUCATION AT WORK, INC.'S MISSION IS TO PROVIDE FINANCIAL AND OTHER SUPPORT FOR, AND TO OTHERWISE OPERATE FOR THE BENEFIT OF, ROADTRIP NATION, LTD. TO PURSUE THEIR MISSION OF EMPOWERING STUDENTS TO FIND THEIR ROAD IN LIFE, THEIR LIFE PATH, THROUGH EDUCATION CURRICULUM AND HANDS ON EXPERIENCES.
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IRS990/Form990PartVIISectionAGrp/PersonNm7THOMAS DAWSON
IRS990/Form990PartVIISectionAGrp/PersonNm8CHRISTINA CLARK
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2590726
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IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt7EXECUTIVE VP (BEG. 3/21/19)
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IRS990/Form990PartVIISectionAGrp/TitleTxt10TREASURER (BEG. 5/1/19)
IRS990/Form990PartVIISectionAGrp/TitleTxt11CHIEF TECHNOLOGY OFFICER
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IRS990/Form990PartVIISectionAGrp/TitleTxt14VP CLIENT DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15SVP UNIV. PSHIPS/STUD. SUCCESS
IRS990/Form990PartVIISectionAGrp/TitleTxt16CHIEF DEVELOPMENT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR, CLIENT SERVICES
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IRS990/GrantsToOrganizationsInd00
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IRS990/RegularMonitoringEnfrcInd01
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IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00

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