Civic Intelligence

Education Opens Doors Inc.

990 • Fiscal year 2023 • EIN 46-0781846

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 15, 2024

2804 Swiss AveDallas, TX 75204

(605) 381-8301

Siviq Scores

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

Liabilities / Assets

34th percentile

0.01x

Higher debt load relative to assets than 34% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

28th percentile

0.01x

Higher debt load relative to revenue than 28% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

12th percentile

-29%

Higher net margin than 12% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

89th percentile

$191,326

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 12.1% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

5th percentile

-25%

Faster asset growth than 5% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

8th percentile

-42%

Faster revenue growth than 8% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$1,418,422

Down $477,826 (-25%) from 2022

Net Assets

Down

$1,398,270

Down $325,842 (-19%) from 2022

Liabilities

Down

$20,152

Down $151,984 (-88%) from 2022

Revenue

Down

$1,582,698

Down $1,129,270 (-42%) from 2022

Expenses

Down

$2,038,540

Down $797,894 (-28%) from 2022

Net Income

Down

-$455,842

Down $331,376 (-266%) from 2022

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2014: $168,670Liabilities 2014: $8,572Net Assets 2014: $160,0982014Assets 2015: $244,985Liabilities 2015: $27,406Net Assets 2015: $217,5792015Assets 2016: $356,354Liabilities 2016: $13,727Net Assets 2016: $342,6272016Assets 2017: $601,502Liabilities 2017: $48,753Net Assets 2017: $552,7492017Assets 2018: $868,205Liabilities 2018: $36,627Net Assets 2018: $831,5782018Assets 2019: $1,354,823Liabilities 2019: $32,477Net Assets 2019: $1,322,3462019Assets 2020: $1,582,152Liabilities 2020: $242,796Net Assets 2020: $1,339,3562020Assets 2021: $1,910,954Liabilities 2021: $62,375Net Assets 2021: $1,848,5792021Assets 2022: $1,896,248Liabilities 2022: $172,136Net Assets 2022: $1,724,1122022Assets 2023: $1,418,422Liabilities 2023: $20,152Net Assets 2023: $1,398,2702023Assets 2024: $856,753Liabilities 2024: $405Net Assets 2024: $856,3482024

Highlighted filing

2023

Assets$1,418,422
Liabilities$20,152
Net Assets$1,398,270

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $217,549Expenses 2014: $187,358Net Income 2014: $30,1912014Revenue 2015: $389,465Expenses 2015: $334,699Net Income 2015: $54,7662015Revenue 2016: $589,930Expenses 2016: $464,882Net Income 2016: $125,0482016Revenue 2017: $887,548Expenses 2017: $677,426Net Income 2017: $210,1222017Revenue 2018: $1,266,883Expenses 2018: $988,054Net Income 2018: $278,8292018Revenue 2019: $1,873,239Expenses 2019: $1,382,471Net Income 2019: $490,7682019Revenue 2020: $1,768,543Expenses 2020: $1,751,533Net Income 2020: $17,0102020Revenue 2021: $2,865,984Expenses 2021: $2,356,761Net Income 2021: $509,2232021Revenue 2022: $2,711,968Expenses 2022: $2,836,434Net Income 2022: -$124,4662022Revenue 2023: $1,582,698Expenses 2023: $2,038,540Net Income 2023: -$455,8422023Revenue 2024: $1,202,702Expenses 2024: $1,644,624Net Income 2024: -$441,9222024

Highlighted filing

2023

Revenue$1,582,698
Expenses$2,038,540
Net Income-$455,842
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 15, 2024
Return Version
2022v5.0
Gross Receipts
$1,582,698
Mission and Program Overview

Mission

The mission of Education Opens Doors (EOD) is to activate all students to determine and pursue an informed future. Our vision is a world without barriers to post-secondary success, where all students have a clear pathway to fulfilled potential. We work to increase awareness of college and career pathways and equal opportunities for all students, promoting an equitable future.EOD addresses the non-academic barriers that students face on their path to postsecondary success through each facet of our program package. We provide a research-driven student manual, aligned curriculum, customized in-classroom teacher support, and data analysis. We collaborate with schools and organizations, collectively impacting students. Ultimately, the Roadmap to Success program aims to improve graduation rates and increase postsecondary enrollment and completion for all students, setting them on the path to college and career success. Serving schools and partners across Texas and beyond, we prioritize middl

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$603,145$1,276,720▲ $673,575
Investments in Publicly Traded Securities$1,246,457$0▼ $1,246,457
Pledges and Grants Receivable$25,000$100,000▲ $75,000
Savings and Temporary Cash Investments-$20,466-
Land, Buildings, and Equipment, Net$21,646$16,234▼ $5,412
Prepaid Expenses and Deferred Charges-$5,002-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,896,248$1,418,422▼ $477,826
Other Assets Total-$0-
Liabilities
Other Liabilities$25,324--
Accounts Payable and Accrued Expenses$146,812$20,152▼ $126,660
Total Liabilities$172,136$20,152▼ $151,984
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,724,112$1,298,270▼ $425,842
Net Assets With Donor Restrictions-$100,000-
Total Net Assets Fund Balance$1,724,112$1,398,270▼ $325,842
Total Liabilities and Net Assets / Fund Balance$1,896,248$1,418,422▼ $477,826

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$16,234$65,939$82,173
Other Land Buildings-$4,881$4,881
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jayda BatchelderCEO-partial YrFT$165,351$25,975$191,326
Roscoe Compton-kellyCEO-partial YrFT$144,050$4,442$148,492

Board Members and Trustees

NameTitle
Drexell OwusuDirector
Eric BanDirector
Frank HernandezDirector
Jeannie StoneDirector
Stacey LawrenceDirector
Jeannie Stone-from 22024Interim CEO
Revenue and Support

Revenue Composition

Contributions and Grants
$1,102,793
Program Service Revenue
$458,766
Investment Income
$21,139
Other Revenue
$0
All Other Contributions
$1,102,793
Change in Net Assets
$-455,842

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,582,698
Revenue Not Reported on Form 990
$56,545
Total Revenue per Audited Statements
$1,639,243
Total Revenue per Form 990
$1,582,698
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,655,845
Other Expenses$382,695
Total Fundraising Expense$191,979
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,014,721$44,865$99,249$1,158,835
Current Officers, Directors, Trustees, and Key Employees$248,521$11,296$22,593$282,410
Fees for Services Other$52,124$81,704$3,411$137,239
Payroll Taxes$113,260$11,621$10,493$135,374
Information Technology$87,755$9,162$588$97,505
Other Employee Benefits$59,629$2,172$4,298$66,099
Advertising$1,734-$50,307$52,041
Travel$18,809$1,831$150$20,790
Pension Plan Contributions$11,909$410$808$13,127
Insurance$10,264$1,059$82$11,405
Occupancy$5,213$2,014-$7,227
Office Expenses$2,612$2,937-$5,549
Depreciation Depletion$5,412--$5,412
Other Expenses$487$38-$525
Total Functional Expenses$1,671,170$175,391$191,979$2,038,540

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,095,085
Expenses per Audited Statements$2,038,540
Total Expenses per Form 990$2,038,540
Expenses Not Reported on Form 990$56,545
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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 B, Line 11B

Form 990 is reviewed by the board prior to being filed.

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

At each quarterly board meeting, members are asked to disclose any changes that could give rise to conflicts.

Form 990, Part VI, Section B, Line 15A

Compensation for the CEO and other key employees is reviewed through comparability data research from various sources, such as Insperity and GuideStar, based on organizational size in revenue, budget, and salary ranges. Documentation of the compensation is done through acknowledgment and a signed contract.

Form 990, Part VI, Section B, Line 15B

Compensation for key employees is reviewed through comparability data research from various sources, such as Insperity and GuideStar, based on organizational size in revenue, budget, and salary ranges. Documentation of the compensation is done through acknowledgment and a signed contract.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and financial statements are provided to the public upon request.

Filing and Contact Details

Filer

Filer Name
Education Opens Doors Inc
EIN
46-0781846
Phone
6053818301
Address
2804 SWISS AVE, DALLAS, TX 75204

Signing Officer

Name
Jeannie Stone
Title
Interim CEO
Signed
2024-04-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeannie Stone
Formed
2012
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
5
Employees
19

Preparer

Firm
Sutton Frost Cary LLP
Address
200 E Front St Suite 200, Arlington, TX 76011
Preparer
Carroll Elizabeth Arnott
Phone
8176498083
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

EOD has expanded our programmatic strategy by providing our proprietary curriculum outside of the traditional education channels with school districts. EOD curriculum and support is now being developed with diverse organizations that include nonprofits, agencies, and businesses that cater to college and career readiness.

Financial Statement Notes

Part X : FIN48 Footnote

The Organization is exempt from federal income taxes under section 501(c)(3) of the Internal Revenue Code (IRC) and has not been classified as a private foundation as defined in the IRC. Income generated from activities unrelated to the Organizations exempt purpose is subject to tax under IRC Section 511. The Organization had no unrelated business income for the year ended June 30, 2023. Accordingly, no provision has been made for federal income tax. GAAP requires the evaluation of tax positions taken in the course of preparing the Organizations tax return and recognition of a tax liability (or asset) if the Organization has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Organization, and has concluded that as of June 30, 2023, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.

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IRS990/MissionDesc0The mission of Education Opens Doors (EOD) is to activate all students to determine and pursue an informed future. Our vision is a world without barriers to post-secondary success, where all students have a clear pathway to fulfilled potential. We work to increase awareness of college and career pathways and equal opportunities for all students, promoting an equitable future.EOD addresses the non-academic barriers that students face on their path to postsecondary success through each facet of our program package. We provide a research-driven student manual, aligned curriculum, customized in-classroom teacher support, and data analysis. We collaborate with schools and organizations, collectively impacting students. Ultimately, the Roadmap to Success program aims to improve graduation rates and increase postsecondary enrollment and completion for all students, setting them on the path to college and career success. Serving schools and partners across Texas and beyond, we prioritize middl
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IRS990/ProgSrvcAccomActy2Grp/Desc0IN 2017, A NATIONAL SURVEY DONE BY HARRIS INTERACTIVE FOUND THAT WHILE 92 PERCENT OF 7TH AND 8TH GRADE STUDENTS SAID THEY WERE LIKELY TO ATTEND COLLEGE, 68 PERCENT SAID THEY HAD LITTLE OR NO KNOWLEDGE OF HOW TO PREPARE FOR IT. ACCORDING TO THE NATIONAL ASSOCIATION FOR COLLEGE ADMISSION COUNSELING TRENDS SURVEY, PUBLIC SCHOOL COUNSELORS SPEND 18.5 PERCENT OF THEIR TIME ON POSTSECONDARY ADMISSIONS COUNSELING. WITH AN AVERAGE OF 455 STUDENTS PER COUNSELOR IN TEXAS SCHOOLS, 180 DAYS IN THE SCHOOL YEAR, SEVEN HOURS PER SCHOOL DAY, THIS EQUATES TO 31 MINUTES PER STUDENT. IN COMMUNITIES WHERE STUDENTS MAY BE THE FIRST IN THEIR FAMILY TO PURSUE POSTSECONDARY EDUCATION, THIS LACK OF INFORMATION AND DEDICATED COUNSELING AND RESOURCES IN MIDDLE SCHOOL IS A GAP THAT MAY BE TOO SIGNIFICANT TO OVERCOME AS THEY MOVE INTO HIGH SCHOOL WHEN THEY BEGIN CHOOSING COMPETITIVE COURSEWORK AND POSTSECONDARY OPTIONS WHICH ALIGN WITH THEIR STRENGTHS. ACCORDING TO A BRIEF FROM THE NATIONAL CENTER FOR EDUCATION STATISTICS IN 2018, FIRSTGENERATION COLLEGE STUDENTS ARE LESS LIKELY TO ENROLL IN CHALLENGING HIGH SCHOOL COURSES THAN THEIR PEERS WHOSE PARENTS HAD EARNED BACHELOR'S DEGREES. ADDITIONALLY, ACCORDING TO THE EAB NATIONAL RESEARCH OF CAREER READINESS, ONLY 36 PERCENT OF HIGH SCHOOL GRADUATES MAKE POSTSECONDARY DECISIONS THAT ALIGN WITH THEIR STRENGTHS AND INTERESTS. THIS DISCONNECT MAY BE ONE CONTRIBUTING FACTOR WHICH LEADS TO 62 PERCENT OF DALLAS COUNTY HIGH SCHOOL GRADUATES ENROLLING IN POSTSECONDARY EDUCATION AND ONLY 30 PERCENT OF THOSE STUDENTS COMPLETE A TWOOR FOURYEAR DEGREE IN SIX YEARS(COMMIT). AS A RESULT, OUT OF THE 35,000 STUDENTS WHO GRADUATE ANNUALLY, 25,000 OF THEM FAIL TO OBTAIN THE POSTSECONDARY EDUCATION NECESSARY TO ACHIEVE THEIR DREAMS. ACCORDING TO THE BUSH INSTITUTE, MIDDLE SCHOOL MATTERS REPORT, "MIDDLE SCHOOL IS THE LAST AND BEST CHANCE TO PREPARE STUDENTS FOR HIGH SCHOOL AND POSTSECONDARY SUCCESS." THE EOD PROGRAM FILLS THIS CRITICAL NEED BY TARGETING MIDDLE AND EARLY HIGH SCHOOL STUDENTS AND EMBEDDING THE EOD CURRICULUM INTO EXISTING CLASSES. BY DELIVERING THE PROGRAM IN THIS MANNER, TEACHERS CAN SEAMLESSLY DELIVER CONTENT WITHIN THE CONTEXT OF THEIR INSTRUCTIONAL DAY AND STUDENTS ACROSS A GRADE LEVEL WILL GAIN KNOWLEDGE OF COLLEGE AND STRENGTHEN THEIR ASPIRATIONS FOR LIFE BEYOND HIGH SCHOOL. ACCORDING TO THE FORGOTTEN MIDDLE, "BEING ON TARGET FOR COLLEGE AND CAREER READINESS IN EIGHTH GRADE AND IMPROVING THE COLLEGE AND CAREER READINESS SKILLS THAT STUDENTS POSSESS BY EIGHTH GRADE HAVE THE MOST DRAMATIC IMPACT ON HIGH SCHOOL GRADUATES' ULTIMATE LEVEL OF COLLEGE AND CAREER READINESS. THIS IMPACT IS MUCH LARGER THAN THAT ASSOCIATED WITH ANY SINGLE HIGH SCHOOLLEVEL ENHANCEMENT." THE EOD PROGRAM PROVIDES STUDENTS WITH KNOWLEDGE ABOUT COLLEGE AND CAREER OPTIONS AS WELL AS THE NECESSARY STEPS TO SET THEM ON A PATH TO ACCESS THOSE OPTIONS. IN LIGHT OF THE COVID19 PANDEMIC, EOD HAS PIVOTED OUR MODEL OF SERVICE DELIVERY TO MEET THE DYNAMIC NEEDS OF SCHOOLS FOR THE UPCOMING SCHOOL YEAR. WHETHER SCHOOLS PARTICIPATE IN OUR TRADITIONAL, SCHOOLBASED PROGRAM OR THROUGH DISTANCE LEARNING, THE VIRTUAL PLATFORM WILL MORE EFFICIENTLY PROVIDE RESOURCES AND TRAINING FOR BOTH TEACHERS USING OUR PROGRAM AND OTHER ADULTS (PARENTS, MENTORS, ETC.) WHO HAVE AN INTEREST IN PROVIDING EDUCATIONAL SUPPORT AND GUIDANCE TO MIDDLE AND EARLY HIGH SCHOOL STUDENTS. BY EXPANDING ACCESS TO A WIDER AUDIENCE OF CARING ADULTS AND ENCOURAGING CONVERSATIONS ABOUT THE FUTURE IN A VARIETY OF SETTINGS, WE ENVISION A STRONGER, MORE HOLISTIC SUPPORT SYSTEM WHICH WILL IGNITE THE SPARK TO ENCOURAGE LIFELONG LEARNING. PROGRAM DESCRIPTION: EOD BELIEVES THAT WHEN DOORS OPEN, LIVES CHANGE. THE GOAL OF THE EOD PROGRAM IS TO ENSURE STUDENTS GAIN THE KNOWLEDGE REQUIRED TO PURSUE THE HIGH SCHOOL OF THEIR CHOICE AND ULTIMATELY ENROLL IN POSTSECONDARY EDUCATION. TO ACHIEVE THIS GOAL, THE EOD PROGRAM PARTNERS WITH SCHOOLS AND OTHER STUDENTCENTERED PROGRAMS IN THE COMMUNITY TO REACH MI
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is exempt from federal income taxes under section 501(c)(3) of the Internal Revenue Code (IRC) and has not been classified as a private foundation as defined in the IRC. Income generated from activities unrelated to the Organizations exempt purpose is subject to tax under IRC Section 511. The Organization had no unrelated business income for the year ended June 30, 2023. Accordingly, no provision has been made for federal income tax. GAAP requires the evaluation of tax positions taken in the course of preparing the Organizations tax return and recognition of a tax liability (or asset) if the Organization has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Organization, and has concluded that as of June 30, 2023, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EOD has expanded our programmatic strategy by providing our proprietary curriculum outside of the traditional education channels with school districts. EOD curriculum and support is now being developed with diverse organizations that include nonprofits, agencies, and businesses that cater to college and career readiness.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE BOARD PRIOR TO BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AT EACH QUARTERLY BOARD MEETING, MEMBERS ARE ASKED TO DISCLOSE ANY CHANGES THAT COULD GIVE RISE TO CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation for the CEO and other key employees is reviewed through comparability data research from various sources, such as Insperity and GuideStar, based on organizational size in revenue, budget, and salary ranges. Documentation of the compensation is done through acknowledgment and a signed contract.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Compensation for key employees is reviewed through comparability data research from various sources, such as Insperity and GuideStar, based on organizational size in revenue, budget, and salary ranges. Documentation of the compensation is done through acknowledgment and a signed contract.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE PROVIDED TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
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