Civic Intelligence

Edtech Evidence Exchange Inc

990 • Fiscal year 2019 • EIN 82-3654516

Jan 01, 2019 to Dec 31, 2019 • Filed on Aug 11, 2020

1405 S Fern St No 154Arlington, VA 22202

(240) 353-9866

Siviq Scores

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

Liabilities / Assets

84th percentile

0.60x

Higher debt load relative to assets than 84% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

85th percentile

0.90x

Higher debt load relative to revenue than 85% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

24th percentile

-6.7%

Higher net margin than 24% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

94th percentile

$301,681

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 21.9% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

5th percentile

-22%

Faster asset growth than 5% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

4th percentile

-53%

Faster revenue growth than 4% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$2,060,733

Down $596,410 (-22%) from 2018

Net Assets

Down

$820,814

Down $1,568,610 (-66%) from 2018

Liabilities

Up

$1,239,919

Up $972,200 (+363%) from 2018

Revenue

Down

$1,378,493

Down $1,547,081 (-53%) from 2018

Expenses

Up

$1,471,103

Up $927,753 (+171%) from 2018

Net Income

Down

-$92,610

Down $2,474,834 (-104%) from 2018

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 2018: $2,657,143Liabilities 2018: $267,719Net Assets 2018: $2,389,4242018Assets 2019: $2,060,733Liabilities 2019: $1,239,919Net Assets 2019: $820,8142019Assets 2020: $1,365,504Liabilities 2020: $811,760Net Assets 2020: $553,7442020Assets 2021: $1,448,237Liabilities 2021: $90,639Net Assets 2021: $1,357,5982021Assets 2022: $487,028Liabilities 2022: $23,363Net Assets 2022: $463,6652022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2019

Assets$2,060,733
Liabilities$1,239,919
Net Assets$820,814

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2018: $2,925,574Expenses 2018: $543,350Net Income 2018: $2,382,2242018Revenue 2019: $1,378,493Expenses 2019: $1,471,103Net Income 2019: -$92,6102019Revenue 2020: $1,612,722Expenses 2020: $1,879,792Net Income 2020: -$267,0702020Revenue 2021: $2,447,872Expenses 2021: $1,644,018Net Income 2021: $803,8542021Revenue 2022: $236,335Expenses 2022: $1,130,268Net Income 2022: -$893,9332022Revenue 2023: $3,323Expenses 2023: $466,988Net Income 2023: -$463,6652023

Highlighted filing

2019

Revenue$1,378,493
Expenses$1,471,103
Net Income-$92,610
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Aug 11, 2020
Return Version
2019v5.1
Gross Receipts
$1,378,493
Mission and Program Overview

Mission

Edtech evidence exchange, inc.'s mission is to help educators make better-informed decisions about technology.

The mission of the jefferson education exchange is to improve our nation's education system by discovering how educators can most effectively spend more than $13 billion per year on education technologies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,914,348$1,933,256▲ $18,908
Prepaid Expenses and Deferred Charges$42,795$56,157▲ $13,362
Savings and Temporary Cash Investments$700,000$42,715▼ $657,285
Accounts Receivable$0$19,559▲ $19,559
Total Assets$2,657,143$2,060,733▼ $596,410
Other Assets Total$0$9,046▲ $9,046
Liabilities
Deferred Revenue$0$1,058,334▲ $1,058,334
Other Liabilities$262,898$0▼ $262,898
Accounts Payable and Accrued Expenses$4,821$181,585▲ $176,764
Total Liabilities$267,719$1,239,919▲ $972,200
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$913,424$554,147▼ $359,277
Net Assets With Donor Restrictions$1,476,000$266,667▼ $1,209,333
Total Net Assets Fund Balance$2,389,424$820,814▼ $1,568,610
Total Liabilities and Net Assets / Fund Balance$2,657,143$2,060,733▼ $596,410
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bart EpsteinChief Executive OfficerFT$263,000$38,681$301,681
Kate TindleDirector of Field ResearchFT$110,000$35,476$145,476
Christine TomasikChief of StaffFT$112,000$25,581$137,581

Board Members and Trustees

NameTitle
Robert PiantaChairman
Bror SaxbergDirector
Edith GummerDirector
Kathy StackDirector
Larry LutzDirector
Maddie FennellDirector
Marguerite IzzoDirector
Peter BrooksDirector
Sharon RobinsonDirector
William HansenDirector
Mark PeleshSecretary and Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,323,835
Program Service Revenue
$44,120
Investment Income
$9,374
Other Revenue
$1,164
All Other Contributions
$1,323,835
Change in Net Assets
$-92,610

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,378,493
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$150,799
Total Revenue per Audited Statements
$1,529,292
Total Revenue per Form 990
$1,378,493
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$823,040
Other Expenses$648,063
Total Fundraising Expense$390,382
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$279,179$73,064$34,459$386,702
Current Officers, Directors, Trustees, and Key Employees$60,325$15,081$226,220$301,626
Fees for Services Other$299,475--$299,475
Occupancy$66,621$17,311$46,526$130,458
Office Expenses$57,904$9,748$25,746$93,398
Travel$35,047$9,107$24,476$68,630
Other Employee Benefits$29,066$7,580$11,983$48,629
Pension Plan Contributions$31,257$8,172$6,571$46,000
Payroll Taxes$20,469$5,319$14,295$40,083
Fees for Services Accounting-$31,183-$31,183
Other Expenses$24,623--$24,623
Insurance$151$39$106$296
Total Functional Expenses$904,117$176,604$390,382$1,471,103

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,621,902
Expenses per Audited Statements$1,471,103
Total Expenses per Form 990$1,471,103
Expenses Not Reported on Form 990$150,799
Expenses Not Reported on Financial Statements$0
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
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
No
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

Form 990, Part VI, Section A, Line 6

The organization has a single class of membership. Any person serving as a director of the organization is considered to be a member for as long as he or she remains a director of the organization and ceases to be a member at the time he or she ceases to be a director of the organization.

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

Members elect the directors of the organization.

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

The form 990 is reviewed and approved by the president and ceo, distributed to the chairman of the board and made available to the entire board of directors.

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

Following appointment to office, or appointment to the organization staff, directors, officers and employees of the foundation shall be informed of the conflict of interest policy. On an annual basis, each director and officer shall certify in writing to the board of directors and employees to the chief executive officer that, to the best of his/her knowledge and belief, he/she has acted in compliance with the conflict of interest policy. The chief executive officer shall be responsible for dissemination of the policy, the completion of the annual certifications, and reporting non-compliance to the board of directors.

Form 990, Part VI, Section C, Line 18

Copies of the irs form 990 are kept in the president and chief executive officer's office and are available for public inspection upon request.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, related policies, and financial statements are available to the public upon request. The organization makes disclosure of governing documents, policies, and financial statements at its discretion.

Filing and Contact Details

Filer

Filer Name
Jefferson Education Exchange Inc
EIN
82-3654516
Phone
2403539866
Address
1405 S FERN ST NO 154, ARLINGTON, VA 22202

Signing Officer

Name
Bart Epstein
Title
Chief Executive Officer
Phone
2403539866
Signed
2020-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bart Epstein
Formed
2017
Legal Domicile
De
Voting Board Members
12
Independent Board Members
11
Employees
6
Volunteers
13

Preparer

Firm
Wegner Cpas Llp
Address
419 N LEE ST, ALEXANDRIA, VA 22314-2301
Preparer
Glenn Miller CPA
Phone
7035190990
Supplemental Narrative

Additional Explanations

Form 990, Part 7, Section A, Line 1, Column D

Reportable compensation paid to bart epstein (chief executive officer) from jefferson education exchange, inc. (jex) only includes amounts earned in connection with his role as chief executive officer of jex. Reportable compensation included on box 5 of his w-2 filed with the irs totaled $354,358, which includes the compensation from jex, as well as compensation in connection with his prior employment with jefferson education accelerator (jea). Funds due to bart were transferred from jea to jex in early 2019 and then paid directly to bart, leading to the total paid between the two entities being included on his jex w-2.

Form 990, Part IX, Line 11G

Program consulting fees: program service expenses 299,475. Management and general expenses 0. Fundraising expenses 0. Total expenses 299,475.

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IRS990/MissionDesc0THE MISSION OF THE JEFFERSON EDUCATION EXCHANGE IS TO IMPROVE OUR NATION'S EDUCATION SYSTEM BY DISCOVERING HOW EDUCATORS CAN MOST EFFECTIVELY SPEND MORE THAN $13 BILLION PER YEAR ON EDUCATION TECHNOLOGIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
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IRS990/RegularMonitoringEnfrcInd01
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02917990
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BART EPSTEIN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHIEF EXECUTIVE OFFICER
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS A SINGLE CLASS OF MEMBERSHIP. ANY PERSON SERVING AS A DIRECTOR OF THE ORGANIZATION IS CONSIDERED TO BE A MEMBER FOR AS LONG AS HE OR SHE REMAINS A DIRECTOR OF THE ORGANIZATION AND CEASES TO BE A MEMBER AT THE TIME HE OR SHE CEASES TO BE A DIRECTOR OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ELECT THE DIRECTORS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED AND APPROVED BY THE PRESIDENT AND CEO, DISTRIBUTED TO THE CHAIRMAN OF THE BOARD AND MADE AVAILABLE TO THE ENTIRE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FOLLOWING APPOINTMENT TO OFFICE, OR APPOINTMENT TO THE ORGANIZATION STAFF, DIRECTORS, OFFICERS AND EMPLOYEES OF THE FOUNDATION SHALL BE INFORMED OF THE CONFLICT OF INTEREST POLICY. ON AN ANNUAL BASIS, EACH DIRECTOR AND OFFICER SHALL CERTIFY IN WRITING TO THE BOARD OF DIRECTORS AND EMPLOYEES TO THE CHIEF EXECUTIVE OFFICER THAT, TO THE BEST OF HIS/HER KNOWLEDGE AND BELIEF, HE/SHE HAS ACTED IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. THE CHIEF EXECUTIVE OFFICER SHALL BE RESPONSIBLE FOR DISSEMINATION OF THE POLICY, THE COMPLETION OF THE ANNUAL CERTIFICATIONS, AND REPORTING NON-COMPLIANCE TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COPIES OF THE IRS FORM 990 ARE KEPT IN THE PRESIDENT AND CHIEF EXECUTIVE OFFICER'S OFFICE AND ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S GOVERNING DOCUMENTS, RELATED POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION MAKES DISCLOSURE OF GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AT ITS DISCRETION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6REPORTABLE COMPENSATION PAID TO BART EPSTEIN (CHIEF EXECUTIVE OFFICER) FROM JEFFERSON EDUCATION EXCHANGE, INC. (JEX) ONLY INCLUDES AMOUNTS EARNED IN CONNECTION WITH HIS ROLE AS CHIEF EXECUTIVE OFFICER OF JEX. REPORTABLE COMPENSATION INCLUDED ON BOX 5 OF HIS W-2 FILED WITH THE IRS TOTALED $354,358, WHICH INCLUDES THE COMPENSATION FROM JEX, AS WELL AS COMPENSATION IN CONNECTION WITH HIS PRIOR EMPLOYMENT WITH JEFFERSON EDUCATION ACCELERATOR (JEA). FUNDS DUE TO BART WERE TRANSFERRED FROM JEA TO JEX IN EARLY 2019 AND THEN PAID DIRECTLY TO BART, LEADING TO THE TOTAL PAID BETWEEN THE TWO ENTITIES BEING INCLUDED ON HIS JEX W-2.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PROGRAM CONSULTING FEES: PROGRAM SERVICE EXPENSES 299,475. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 299,475.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART 7, SECTION A, LINE 1, COLUMN D

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