Civic Intelligence

Improving Education Inc.

990 • Fiscal year 2021 • EIN 47-3271696

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 10, 2022

1100 N Chester StreetBaltimore, MD 21213

(443) 226-0809

Siviq Scores

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

Liabilities / Assets

68th percentile

0.20x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

68th percentile

0.24x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

81st percentile

39%

Higher net margin than 81% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

81st percentile

$134,115

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 11.5% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

85th percentile

46%

Faster asset growth than 85% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

36th percentile

2.0%

Faster revenue growth than 36% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,380,910

Up $436,439 (+46%) from 2020

Net Assets

Up

$1,097,949

Up $454,875 (+71%) from 2020

Liabilities

Down

$282,961

Down $18,436 (-6.1%) from 2020

Revenue

Up

$1,162,568

Up $22,849 (+2.0%) from 2020

Expenses

Down

$707,693

Down $17,206 (-2.4%) from 2020

Net Income

Up

$454,875

Up $40,055 (+9.7%) from 2020

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2019: $232,678Liabilities 2019: $3,783Net Assets 2019: $228,8952019Assets 2020: $944,471Liabilities 2020: $301,397Net Assets 2020: $643,0742020Assets 2021: $1,380,910Liabilities 2021: $282,961Net Assets 2021: $1,097,9492021Assets 2022: $2,337,955Liabilities 2022: $1,302,503Net Assets 2022: $1,035,4522022Assets 2023: $2,546,617Liabilities 2023: $1,052,299Net Assets 2023: $1,494,3182023Assets 2024: $1,851,334Liabilities 2024: $629,422Net Assets 2024: $1,221,9122024

Highlighted filing

2021

Assets$1,380,910
Liabilities$282,961
Net Assets$1,097,949

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2019: $244,911Expenses 2019: $16,016Net Income 2019: $228,8952019Revenue 2020: $1,139,719Expenses 2020: $724,899Net Income 2020: $414,8202020Revenue 2021: $1,162,568Expenses 2021: $707,693Net Income 2021: $454,8752021Revenue 2022: $1,122,055Expenses 2022: $1,184,552Net Income 2022: -$62,4972022Revenue 2023: $2,103,688Expenses 2023: $1,644,822Net Income 2023: $458,8662023Revenue 2024: $2,273,854Expenses 2024: $2,546,260Net Income 2024: -$272,4062024

Highlighted filing

2021

Revenue$1,162,568
Expenses$707,693
Net Income$454,875
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 10, 2022
Return Version
2021v4.0
Gross Receipts
$1,973,393
Mission and Program Overview

Mission

Our mission is to provide solutions to improve educational systems.

Our mission is to provide solutions to improve educational systems. We run an early literacy improvement network supporting teachers with training instructional design and measurement. We provide at-home learning materials to families and materials to support nightly bedtime routines for children ages 0-5 in low income homes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$432,828$796,634▲ $363,806
Inventories for Sale or Use$358,334$453,912▲ $95,578
Accounts Receivable$112,054$95,843▼ $16,211
Land, Buildings, and Equipment, Net$41,255$33,123▼ $8,132
Savings and Temporary Cash Investments$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$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$944,471$1,380,910▲ $436,439
Other Assets Total$0$1,398▲ $1,398
Liabilities
Unsecured Notes Loans Payable$245,202$245,202→ $0
Accounts Payable and Accrued Expenses$56,195$37,759▼ $18,436
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$301,397$282,961▼ $18,436
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$443,074$580,019▲ $136,945
Net Assets With Donor Restrictions$200,000$517,930▲ $317,930
Total Net Assets Fund Balance$643,074$1,097,949▲ $454,875
Total Liabilities and Net Assets / Fund Balance$944,471$1,380,910▲ $436,439

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$33,123$14,509$47,632
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jarrod BolteChief Executive OfficerFT$124,289$9,826$134,115

Board Members and Trustees

NameTitle
Samantha McLemorePresident Board Chair
David TohnBoard Member
Jared MurphyBoard Member
Kim ParadiseSecretary
Angela LynchTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$711,140
Program Service Revenue
$289,750
Investment Income
$0
Other Revenue
$161,678
All Other Contributions
$711,140
Change in Net Assets
$454,875

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,162,568
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$810,825
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$1,973,393
Total Revenue per Form 990
$1,162,568
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$500,488
Other Expenses$198,205
Total Fundraising Expense$14,660
Grants and Similar Amounts Paid$9,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$282,740$32,489$0$315,229
Current Officers, Directors, Trustees, and Key Employees$96,604$23,900$13,611$134,115
Occupancy$54,863$0$0$54,863
Payroll Taxes$29,957$4,775$1,049$35,781
Fees for Services Other$12,939$0$0$12,939
Advertising$12,905$0$0$12,905
Fees for Services Accounting$0$12,500$0$12,500
Other Employee Benefits$11,777$0$0$11,777
Depreciation Depletion$9,318$0$0$9,318
Grants to Domestic Individuals$9,000--$9,000
Office Expenses$0$8,549$0$8,549
Insurance$0$8,218$0$8,218
Travel$4,303$0$0$4,303
Information Technology$0$4,241$0$4,241
Pension Plan Contributions$2,880$706$0$3,586
Fees for Services Legal$0$3,425$0$3,425
Conferences and Meetings$1,580$0$0$1,580
Total Functional Expenses$588,178$104,855$14,660$707,693

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,518,518
Expenses Not Reported on Form 990$810,825
Expenses per Audited Statements$707,693
Total Expenses per Form 990$707,693
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Line 12C

In addition to completing an Annual Conflicts of Interest Affirmation Board Members are asked to come forward during Board meetings with any potential conflicts they may have. If a potential conflict is deemed an actual conflict the Board will proceed as laid out in its Conflicts of Interest Policy.

Part VI, Line 15

In making salary decisions for the CEO the Board of Directors reviewed compensation from various non-profit organizations with similar budgets and organizational structures. An independent discussion was held by the Board and a determination was made for salary that was competitive in the Baltimore market based on the data reviewed. Cost of living for the region and inflation were also included in the decision making process. The decision was communicated to the CEO and set in the budget.

Part VI, Line 19

Improving Education has made its governing documents Conflicts of Interest Policy and financial statements available to the public upon written request.

Part VI, Line 11B

| Explanation:| The final draft of the Form 990 is submitted to the organization's Treasurer for review and approval. Once the Treasurer as reviewed and approved the final Form 990 is circulated to the Board of Directors prior to filing.

Filing and Contact Details

Filer

Filer Name
Improving Education Inc
EIN
47-3271696
In Care Of
% Jarrod Bolte
Phone
4432260809
Address
1100 N Chester Street, Baltimore, MD 21213

Signing Officer

Name
Jarrod Bolte
Title
Chief Executive Officer
Signed
2022-11-10
Discuss with paid preparer
No

Organization Details

Principal Officer
Jarrod Bolte
Formed
2015
Legal Domicile
Md
Voting Board Members
6
Independent Board Members
5
Employees
8
Volunteers
50
Supplemental Narrative

Additional Explanations

Part III, line 2

During 2021 we launched a new program called All Children Ready which is an initiative focused on significantly increasing literacy achievement in Head Start Pre-Kindergarten and Kindergarten children in Baltimore City while developing scalable practices that can be used at locations across the city state and nation to improve Kindergarten Readiness outcomes.

Part III, Line 4D

| Description:, Expense Amount:, Grants Amount:, Revenue Amount:| Learning in a Box was developed by teacher participants in our 2020 Fellowship program during the height of COVID-19 in response to school closures. Learning in a Box provides students grades Preschool-2nd with a wide range of interactive resources to engage in fun meaningful learning activities at home. During 2021 we distributed over 5,500 Boxes., $45447, $0, $95619|

Financial Statement Notes

Part XI, line 2D

The main function of two of our program services Bedtime in a Box and Learning in a Box is to provide materials we have purchased as Inventory to distribute in our Boxes to underserved families. The amount of $810,825 on line 2d represents Cost of Goods Sold through these programs and is reported on Form 990 Part VIII line 10b which decreases overall revenue received from "Gross Sales" reported on Part VIII Line 10a and ultimately our overall revenue reported in Part VIII Line 12. Since our audited financials list Cost of Goods Sold as an expense and do not report this expense as directly reducing the revenue of the Box Sales our audited financials show overall revenue being $810,825 higher than the revenue we report on Form 990 Part VIII Line 12.

Part XII, line 2D

Similar to the explanation for Section XI Line 2d the amount of $810,825 in Cost of Goods Sold listed in Part XII Line 2d is included in the overall expenses on our audited financials but within this Form 990 this amount is not listed as an expense on Part IX but rather is reported in the Revenue section as reducing Box Sales revenue.

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