Civic Intelligence

Cambiar Education

EIN 81-3508420 • 501(c)3 • San Diego, CA

Profile

Cambiars vision is to spark creative change by scaling bold ideas that undeniably prove how every student can receive a world-class education. Continued on sch o.

4653 CARMEL Mount RD Suite 308-97San Diego, CA 92130-6650

www.cambiareducation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

23rd percentile

0.06x

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

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

Liabilities / Revenue

12th percentile

0.05x

Higher debt load relative to revenue than 12% of similar nonprofits.

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

Net Margin

87th percentile

39%

Higher net margin than 87% of similar nonprofits.

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

Top Officer Pay

53rd percentile

$509,896

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

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

Asset Growth

98th percentile

93%

Faster asset growth than 98% of similar nonprofits.

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

Revenue Growth

95th percentile

119%

Faster revenue growth than 95% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Up

$61,120,247

Up $34,838,780 (+133%) from 2022

Liabilities

Up

$3,801,551

Up $2,612,846 (+220%) from 2022

Net Assets

Up

$57,318,696

Up $32,225,934 (+128%) from 2022

Operations
Liabilities / Revenue12th percentileNet Margin87th percentile

Revenue

Up

$69,537,421

Up $35,096,774 (+102%) from 2022

Expenses

Up

$42,701,629

Up $23,471,011 (+122%) from 2022

Net Income

Up

$26,835,792

Up $11,625,763 (+76%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth98th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2016: $1,611,659Liabilities 2016: $80,538Net Assets 2016: $1,531,1212016Assets 2017: $3,565,471Liabilities 2017: $288,386Net Assets 2017: $3,277,0852017Assets 2018: $2,493,762Liabilities 2018: $203,193Net Assets 2018: $2,290,5692018Assets 2019: $2,375,154Liabilities 2019: $141,348Net Assets 2019: $2,233,8062019Assets 2020: $5,357,575Liabilities 2020: $955,106Net Assets 2020: $4,402,4692020Assets 2021: $11,761,927Liabilities 2021: $1,951,139Net Assets 2021: $9,810,7882021Assets 2022: $26,281,467Liabilities 2022: $1,188,705Net Assets 2022: $25,092,7622022Assets 2024: $61,120,247Liabilities 2024: $3,801,551Net Assets 2024: $57,318,6962024

Highlighted filing

2024

Assets$61,120,247
Liabilities$3,801,551
Net Assets$57,318,696
Open 2024 Filing

Operations Trend

Revenue Growth95th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80M$60M$40M$20M$0-$20MRevenue 2016: $1,910,968Expenses 2016: $379,847Net Income 2016: $1,531,1212016Revenue 2017: $4,284,861Expenses 2017: $2,538,897Net Income 2017: $1,745,9642017Revenue 2018: $2,078,877Expenses 2018: $3,065,393Net Income 2018: -$986,5162018Revenue 2019: $3,344,475Expenses 2019: $3,401,238Net Income 2019: -$56,7632019Revenue 2020: $7,070,506Expenses 2020: $4,881,843Net Income 2020: $2,188,6632020Revenue 2021: $15,993,046Expenses 2021: $10,584,727Net Income 2021: $5,408,3192021Revenue 2022: $34,440,647Expenses 2022: $19,230,618Net Income 2022: $15,210,0292022Revenue 2024: $69,537,421Expenses 2024: $42,701,629Net Income 2024: $26,835,7922024

Highlighted filing

2024

Revenue$69,537,421
Expenses$42,701,629
Net Income$26,835,792
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$61,120,247
Liabilities
$3,801,551
Net assets
$57,318,696
Revenue
$69,537,421
Expenses
$42,701,629
Net income
$26,835,792
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Summary only. Only limited summary data is available for this year.$61.1$3.80$57.3$69.5$42.7$26.8
2022Summary only. Only limited summary data is available for this year.$26.3$1.19$25.1$34.4$19.2$15.2
2021Summary only. Only limited summary data is available for this year.$11.8$1.95$9.81$16.0$10.6$5.41
2020Summary only. Only limited summary data is available for this year.$5.36$0.96$4.40$7.07$4.88$2.19
2019Summary only. Only limited summary data is available for this year.$2.38$0.14$2.23$3.34$3.40$0.06
2018Summary only. Only limited summary data is available for this year.$2.49$0.20$2.29$2.08$3.07$0.99
2017Summary only. Only limited summary data is available for this year.$3.57$0.29$3.28$4.28$2.54$1.75
2016Summary only. Only limited summary data is available for this year.$1.61$0.08$1.53$1.91$0.38$1.53
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 15, 2025
Return Version
2024v5.2
Gross Receipts
$215,526,973
Mission and Program Overview

Mission

Cambiars vision is to spark creative change by scaling bold ideas that undeniably prove how every student can receive a world-class education. Continued on sch o.

Spark creative change by scaling bold ideas that undeniably prove how every student can receive a world-class education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$26,744,026$53,716,032▲ $26,972,006
Savings and Temporary Cash Investments$587,253$4,471,034▲ $3,883,781
Investments Program Related$1,564,002$2,039,001▲ $474,999
Accounts Receivable$1,415,973$463,363▼ $952,610
Cash and Non-Interest-Bearing Accounts$1,247,508$390,817▼ $856,691
Other Notes and Loans Receivable, Net$40,000$40,000→ $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
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$31,598,762$61,120,247▲ $29,521,485
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,674,279$2,801,551▲ $1,127,272
Deferred Revenue$0$1,000,000▲ $1,000,000
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,674,279$3,801,551▲ $2,127,272
Net Assets / Fund Balance
Net Assets With Donor Restrictions$18,148,291$40,111,967▲ $21,963,676
Net Assets Without Donor Restrictions$11,776,192$17,206,729▲ $5,430,537
Total Net Assets Fund Balance$29,924,483$57,318,696▲ $27,394,213
Total Liabilities and Net Assets / Fund Balance$31,598,762$61,120,247▲ $29,521,485
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christina HeitzFounder, CEO, PresidentFT$448,109$81,787$509,896
Kimberly SmithEntrepreneurFT$376,243$193,198$495,274
Christopher MaherSuperintendent in ResidenceFT$239,193$71,537$321,936
Melinda SjoblomEntrepreneurFT$216,431$41,380$293,777
Ian NatzmerMagpie VP, EngineeringFT$182,180$65,561$291,356
Babak MostaghimiLearnerStudio PartnerFT$239,238$33,867$276,485

Board Members and Trustees

NameTitle
Ajay VariaDirector
Andy SternSecretary
Beth Sutkus ThompsonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
EdSolutionsResearch Consultants4 Orly Ct, West Windsor, NJ 08550$1,812,590
Tarmac LLCSoftware Development7 Azalea Drive, Key West, FL 33040$1,270,275
K12 Data Partners LLCTechnology Vendor50 Warrenton Blvd, Warrenton, VA 20186$427,065
Dickens Law GroupProfessional Service709 San Antonio Way, Sacramento, CA 95819$284,230
Modern Mantra LLCTechnology Vendor1309 Coffeen Avenue, Sheridan, WY 82801$258,212
Revenue and Support

Revenue Composition

Contributions and Grants
$50,899,210
Program Service Revenue
$17,450,533
Investment Income
$1,162,549
Other Revenue
$25,129
All Other Contributions
$50,899,210
Change in Net Assets
$26,835,792

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$5,372,918Fair Market Value (FMV)
Total Noncash Contributions2$5,372,918-

Audited Revenue Reconciliation

Revenue per Audited Statements
$69,537,421
Revenue Not Reported on Form 990
$558,421
Total Revenue per Audited Statements
$70,095,842
Total Revenue per Form 990
$69,537,421
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$21,641,634
Salaries, Compensation, and Employee Benefits$16,757,154
Grants and Similar Amounts Paid$4,285,341
Total Fundraising Expense$716,338
Professional Fundraising Fees$17,500

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$14,401,000$383,498$0$14,784,498
Other Salaries and Wages$10,876,157$380,379$498,830$11,755,366
Grants to Domestic Orgs$4,285,341--$4,285,341
Fees for Services Management$3,255,913--$3,255,913
Other Employee Benefits$2,077,302$16,811$56,249$2,150,362
Travel$1,340,935$124,131-$1,465,066
Pension Plan Contributions$1,329,001$6,913$30,681$1,366,595
Payroll Taxes$890,146$50,462$34,327$974,935
Fees for Services Legal$489,410$163,764-$653,174
Current Officers, Directors, Trustees, and Key Employees$382,422$50,990$76,484$509,896
Information Technology$260,641$53,069-$313,710
Office Expenses$129,080$16,995$1,146$147,221
Other Expenses$110,942$18,306$1,121$130,369
Insurance$418$101,626-$102,044
Occupancy$25,811$23,875-$49,686
Conferences and Meetings$29,297$5,965-$35,262
Fees for Services Accounting$5,408$24,650-$30,058
Fees for Services Professional Fundraising--$17,500$17,500
Total Functional Expenses$40,527,781$1,457,510$716,338$42,701,629

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$42,701,629
Total Expenses per Audited Statements$42,701,629
Total Expenses per Form 990$42,701,629
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
ContigoEDHouston, TX-Innovation grant$388,923
Learner-Centered CollaborativeVista, CA501(c)3Future of Learning grant$297,650
The Big Picture Company dba Big Picture LearningProvidence, RI501(c)3Future of Learning grant$250,000
EL EducationNew York, NY501(c)3HQIM Accelerator Grant$181,334
City YearBoston, MA501(c)3Future of Learning grant$180,000
High Resolves AmericaLos Angeles, CA501(c)3Future of Learning grant$142,600
Schoolhack Solutions (dba LiFTLearning)Bristol, VT501(c)3Future of Learning grant$130,000
America SucceedsDenver, CO501(c)3Innovation grant$125,000
Global ImpactWashington DC, WA501(c)3Thrive grant recipient$125,000
TalkingPointsSan Francisco, CA501(c)3Thrive grant recipient$125,000
Teach for AmericaNew York, NY501(c)3Future of Learning grant$125,000
Tides CenterSan Francisco, CA501(c)(3)Future of Learning grant$106,950
InnovateEDU IncBrooklyn, NY-Future of Learning grant$100,000
Study Group Solutions IncBrooklyn, NY-Future of Learning grant$100,000
The Flight SchoolSonoma, CA-Future of Learning grant$100,000
Building 21Plym Mt, PA501(c)3Thrive & Future of Learning Grant$98,150
The Ability ChallengeChevy Chase, MD-Innovation grant$81,235
Edward Charles FoundationBeverly Hills, CA-Innovation & Future of Learning Grant$65,375
ConvergeEDU PBLLCBrooklyn, NY501(c)3Thrive grant recipient$62,500
Dyslexia Alliance for Black ChildrenNew Rochelle, NY501(c)3Thrive grant recipient$62,500
EdLight PBCVentnor City, NJ501(c)3Thrive grant recipient$62,500
Family Engagement LabOakland, CA501(c)3Thrive grant recipient$62,500
IdleMind Technology LLC dba PimsPointsAtlanta, GA501(c)3Thrive grant recipient$62,500
Institute for the Study of Resilience (ISRY) at McBelmont, MA501(c)3Thrive grant recipient$62,500
Literacy Design CollaborativeNew York, NY501(c)3Thrive grant recipient$62,500
Northeast Academy for Aerospace and Advanced TechnElizab City, NC501(c)3Thrive grant recipient$62,500
Paloma Learning IncAlameda, CA501(c)3Thrive grant recipient$62,500
Southwest Creations CollaborativeAlbuquerque, NM501(c)3Thrive grant recipient$62,500
The Mind Trust IncIndianapolis, IN501(c)3Thrive grant recipient$62,500
Village of WisdomDurham, NC501(c)3Thrive grant recipient$62,500
UndauntedK12 IncOakland, CA501(c)3Innovation grant$50,000
X In A BoxBerkeley, CA-Innovation grant$46,625
Angels for AngelsSeattle, WA-Future of Learning grant$35,650
Inkwire IncSan Francisco, CA-Future of Learning grant$35,650
National Equity ProjectOakland, CA-Future of Learning grant$35,650
Getting Smart CollectiveFederal Way, WA-Future of Learning grant$35,000
50 Can INCWashington, DC501(c)3Thrive grant recipient$25,000
AllHere Education IncBoston, MA501(c)3Thrive grant recipient$25,000
Black Male Educators Alliance (BMEA)Detroit, MI501(c)3Thrive grant recipient$25,000
EdTechLive LLC dba LessonLoopChappaqua, NY501(c)3Thrive grant recipient$25,000
Families in Action for Quality EducationOakland, CA501(c)3Thrive grant recipient$25,000
Great Lakes AcademyPontiac, MI501(c)3Thrive grant recipient$25,000
ImmSchoolsHelotes, TX501(c)3Thrive grant recipient$25,000
Immersed Games IncBuffalo, NY501(c)3Thrive grant recipient$25,000
NACA Inspired Schools NetworkAlbuquerque, NM501(c)3Thrive grant recipient$25,000
Open Way LearningBrasstown, NC501(c)3Thrive grant recipient$25,000
Partnership for Community ActionDecatur, GA501(c)3Thrive grant recipient$25,000
Rock by Rock IncNew York, NY501(c)3Thrive grant recipient$25,000
South Bend Empowerment ZoneS Bend, IN501(c)3Thrive grant recipient$25,000
Waterford Research InstituteTAylorsville, UT501(c)3Thrive grant recipient$25,000
nXuNew York, NY501(c)3Thrive grant recipient$25,000
Valor Collegiate AcademiesNashville, TN501(c)3Future of Learning grant$6,800

International Summary

Offices
0
Employees
10
Spending
$299,810

International Compliance

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
North AmericaProgram Servicessee Part v03$111,665
Central America and the CaribbeanProgram Servicessee part v01$103,704
Europe (Including Iceland and Greenland)Program Servicessee part v02$53,420
South AsiaProgram Servicessee part v03$28,210
East Asia and the PacificProgram Servicessee part v01$2,811
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$17,500
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$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
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6

“The organization has a single member, Founder Christina Heitz.”

Form 990, Part VI, Line 7A

“The member of the organization elects the board of directors.”

Form 990, Part VI, Line 7B

“THE FOLLOWING ACTS REQUIRE APPROVAL FROM THE member of the organization: (1) changing of the number of directors fixed in the bylaws, (2) removal of directors without cause, (3) filling any vacancy caused by the removal of a director, (4) AMENDMENTS TO THE ORGANIZATION'S articles of incorporation or bylaws, (5) disposition of all or substantially all of the assets of the organization, (6) any merger of the organization with another organization, and (7) DISSOLUTION OF THE ORGANIZATION.”

Form 990, Part VI, Line 11 B

“Prior to filing, a draft of form 990 is first reviewed by the board.”

Form 990, Part VI, Line 12 C

“AT EACH BOARD MEETING, IF THERE IS A DISCUSSION OF SELECTING OR ENGAGING A VENDOR OR SERVICE PROVIDER, ALL IN ATTENDANCE ARE ASKED TO RECUSE THEMSELVES FROM THIS DISCUSSION IF THERE COULD BE A PERCEIVED CONFLICT. ANNUALLY, THE ORGANIZATION REVIEWS AND DISCUSSES THE CONFLICT OF INTEREST POLICY AND REQUESTS THAT EACH BOARD MEMBER and officer LIST AND ACKNOWLEDGE ANY KNOWN CONFLICTS.”

form 990, part VI, line 15 A & B

“The board reviewed compensation of other non-profit organizations of similar size and complexity to determine the amount of compensation of the top officials and employees.”

Form 990, Part VI, Line 19

“THE ORGANIZATION WILL PROVIDE IN A TIMELY MANNER, COPIES OF ALL GOVERNING DOCUMENTs and ITS CONFLICT-OF-INTEREST POLICIES, WHEN REQUESTED IN WRITING OR IN PERSON.”

Filing and Contact Details

Filer

Filer Name
Cambiar Education
EIN
81-3508420
In Care Of
% THE ORGANIZATION
Phone
2132208782
Address
4653 CARMEL Mount RD Suite 308-97, SAN DIEGO, CA 92130-6650

Signing Officer

Name
Christina Heitz
Title
President
Phone
3106337714
Signed
2025-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christina Heitz
Formed
2016
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
3
Employees
117
Volunteers
5

Preparer

Firm
Sorren Inc
Address
102 N CASCADE AVENUE SUITE 400, COLORADO SPRINGS, CO 80903
Preparer
Doreen B Merz
Phone
7196301186
Supplemental Narrative

Additional Explanations

Form 990, part III, line 1 Continued

“We seek out creative leaders who see the world differently and possess an incredible sense of discernment for ingenious solutions. When Cambiar - change - is wildly successful, the culture, structures, and incentives required to support innovation will flourish. And, ultimately, student success and community impact will scale at a massively accelerated pace as proof points replicate.”

Form 990 Part IX Line 11G

“Description:fiscal sponsored project suppo total fees:4311189”

Form 990 Part IX Line 11G

“Description:software development total fees:2614754”

Form 990 Part IX Line 11G

“Description:communications total fees:376376”

Form 990 Part IX Line 11G

“Description:technology vendor total fees:910343”

Form 990 Part IX Line 11G

“Description:professional services total fees:1766646”

Form 990 Part IX Line 11G

“Description:strategy consulting total fees:2052174”

Form 990 Part IX Line 11G

“Description:research consultants total fees:2753016”

Financial Statement Notes

schedule D, part X, Line 2

“The Organization is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. In addition, the Organization qualifies for the charitable contribution deduction. The Organization believes that it does not have any uncertain tax positions that are material to the financial statements.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0Cambiar Education is a nonprofit k-12 venture studio built to change the marketplace for education innovation to prove undeniably that every student can succeed and thrive. It propels groundbreaking ventures charting the future of education led by founders with unshakable optimism and courage. Cambiar cultivates a community of over 100 connected ventures, anchored in a commitment to build positive, life-changing solutions for our most vulnerable youth, and operating at the speed of innovation to make a lasting impact.
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