Civic Intelligence

Education at Work Inc

990 • Fiscal year 2020 • EIN 45-4035038

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

10 West Market Street Suite 1100Indianapolis, IN 46204

(513) 841-3600

Siviq Scores

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

Liabilities / Assets

68th percentile

0.47x

Higher debt load relative to assets than 68% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

23rd percentile

0.13x

Higher debt load relative to revenue than 23% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

25th percentile

-3.4%

Higher net margin than 25% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

95th percentile

$1,210,461

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

3rd percentile

-15%

Faster asset growth than 3% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

13th percentile

-27%

Faster revenue growth than 13% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Assets

Down

$7,418,747

Down $1,279,632 (-15%) from 2019

Net Assets

Up

$3,911,384

Up $317,659 (+8.8%) from 2019

Liabilities

Down

$3,507,363

Down $1,597,291 (-31%) from 2019

Revenue

Down

$27,265,167

Down $10,324,968 (-27%) from 2019

Expenses

Up

$28,198,129

Up $1,371,803 (+5.1%) from 2019

Net Income

Down

-$932,962

Down $11,696,771 (-109%) from 2019

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

2020

Assets$7,418,747
Liabilities$3,507,363
Net Assets$3,911,384

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

2020

Revenue$27,265,167
Expenses$28,198,129
Net Income-$932,962
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$27,265,167
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$6,974,550$3,490,018▼ $3,484,532
Cash and Non-Interest-Bearing Accounts$265,457$3,049,872▲ $2,784,415
Land, Buildings, and Equipment, Net$1,372,880$771,914▼ $600,966
Prepaid Expenses and Deferred Charges$41,038$52,753▲ $11,715
Pledges and Grants Receivable$6,846$32,663▲ $25,817
Intangible Assets$37,608$21,527▼ $16,081
Total Assets$8,698,379$7,418,747▼ $1,279,632
Liabilities
Accounts Payable and Accrued Expenses$2,103,059$3,491,575▲ $1,388,516
Deferred Revenue$2,965,531$0▼ $2,965,531
Other Liabilities$36,064$15,788▼ $20,276
Total Liabilities$5,104,654$3,507,363▼ $1,597,291
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,593,725$3,911,384▲ $317,659
Total Net Assets Fund Balance$3,593,725$3,911,384▲ $317,659
Total Liabilities and Net Assets / Fund Balance$8,698,379$7,418,747▼ $1,279,632

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$695,519$1,684,617$2,380,136
Leasehold Improvements$76,395$1,065,218$1,141,613
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tanya J MahonChief Development OfficerFT$132,321$238,489$370,810
Jaime NunezPresidentFT$233,376$112,807$346,183
Kim SchroederChief Technology OfficerFT$170,982$68,633$239,615
Kathleen BrowningVP Client DevelopmentFT$98,724$133,385$232,109
Scott BlevinsSVP Univ. Pships/stud. SuccessFT$179,381$49,724$229,105
Bradley PetrickVP Account & Workforce MgmtFT$94,477$56,567$151,044
Eric SpieserVP Human ResourcesFT$130,377$5,215$135,592

Board Members and Trustees

NameTitle
Larry LutzChairman
Erin RothBoard Member
Scott FlemingBoard Member
William HansenBoard Member
Thomas DawsonExecutive VP
Matthew B Murphy IiiFormer Officer
Christina ClarkSecretary
Thomas R ErtelTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Securitas Security Services USASecurityFILE 57220, Los Angeles, CA 90074$207,036
Cincinnati Bell Technology SolutionsTelephone1507 SOLUTIONS CENTER, Chicago, IL 60677$149,439
Qwest Broadband Services INCTelephone100 CENTURYLINK DRIVE, Monroe, LA 71203$106,326
Revenue and Support

Revenue Composition

Contributions and Grants
$450,023
Program Service Revenue
$26,815,144
Investment Income
$0
Other Revenue
$0
All Other Contributions
$250,023
Change in Net Assets
$-932,962
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$24,623,909
Other Expenses$3,574,220
Total Fundraising Expense$26,554
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$15,867,717$2,683,604$24,044$18,575,365
Other Employee Benefits$3,663,017$358,279$980$4,022,276
Payroll Taxes$1,209,516$229,423$1,530$1,440,469
Occupancy$1,157,589$184,489-$1,342,078
Information Technology$772,103$305,544-$1,077,647
Depreciation Depletion$528,431$99,676-$628,107
Current Officers, Directors, Trustees, and Key Employees-$585,799-$585,799
Fees for Services Other$71,403$98,272-$169,675
Travel$56,919$83,196-$140,115
Office Expenses$60,872$30,933-$91,805
Advertising$32,254$50,605-$82,859
Conferences and Meetings$400$9,245-$9,645
Fees for Service Investment Mgmnt Fees-$6,421-$6,421
Other Expenses-$3,399-$3,399
Fees for Services Accounting-$2,045-$2,045
Interest-$409-$409
All Other Expenses-$15-$15
Total Functional Expenses$23,420,221$4,751,354$26,554$28,198,129
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$15,788
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
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 A, Line 8B

The organization did not have any committees during the tax year.

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

On september 30, 2021, this entity was merged out of existence into strada collaborative, inc. Which dissolved the existing board. Once the form 990 is prepared by the company, with assistance from the external tax accounting firm, the form and all applicable schedules are provided to the full board of strada collaborative, inc. In advance of the form being filed with the irs, allowing time for review and comment by the full board.

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

Annually, a conflict of interest and disclosure questionnaire is required to be completed by all trustees, officers, and key employees. 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 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 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 in 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

The organization engages an independent compensation consultant, which runs a market analysis for purposes of determining pay and setting bonus programs. That information is provided to the board in setting compensation and bonus plans.

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
10 WEST MARKET STREET SUITE 1100, INDIANAPOLIS, IN 46204

Signing Officer

Name
Thomas R Ertel
Title
Treasurer
Phone
5138413600
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jaime Nunez
Formed
2011
Legal Domicile
Oh
Voting Board Members
6
Independent Board Members
0
Employees
2,381
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. 700,000.

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, 2020 or 2019."

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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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