Civic Intelligence

Strada Idaho Holdings Inc

EIN 84-2914431 • 501(c)2 • Indianapolis, IN

Profile

Strada idaho holdings, inc. Is organized and operated exclusively for the purpose of holding title to property, collecting income therefrom, and turning over the entire amount, less expenses, to strada education network, inc.

10 West Market Street Suite 1100Indianapolis, IN 46204

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2021

Liabilities / Revenue

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

$25M-$50M nonprofits • Source year 2021

Net Margin

94th percentile

75%

Higher net margin than 94% of similar nonprofits.

$25M-$50M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

$25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

100th percentile

108020%

Faster revenue growth than 100% of similar nonprofits.

$25M-$50M nonprofits • Annualized from 2020 to 2021

Assets

Down

$0

Down $25,115,953 (-100%) from 2020

Liabilities

Down

$0

Down $23,232,498 (-100%) from 2020

Net Assets

Down

$0

Down $1,883,455 (-100%) from 2020

Revenue

Up

$14,186,421

Up $14,173,300 (+108020%) from 2020

Expenses

Up

$3,569,876

Up $2,910,986 (+442%) from 2020

Net Income

Up

$10,616,545

Up $11,262,314 (+1744%) from 2020

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2019: $23,774,127Liabilities 2019: $21,244,903Net Assets 2019: $2,529,2242019Assets 2020: $25,115,953Liabilities 2020: $23,232,498Net Assets 2020: $1,883,4552020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2019: $608Expenses 2019: $732,385Net Income 2019: -$731,7772019Revenue 2020: $13,121Expenses 2020: $658,890Net Income 2020: -$645,7692020Revenue 2021: $14,186,421Expenses 2021: $3,569,876Net Income 2021: $10,616,5452021

Highlighted filing

2021

Revenue$14,186,421
Expenses$3,569,876
Net Income$10,616,545

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$34,834,332
Mission and Program Overview

Mission

Strada idaho holdings, inc. Is organized and operated exclusively for the purpose of holding title to property, collecting income therefrom, and turning over the entire amount, less expenses, to strada education network, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$5,326,421$0▼ $5,326,421
Accounts Receivable$33,452$0▼ $33,452
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$25,115,953$0▼ $25,115,953
Other Assets Total$19,756,080$0▼ $19,756,080
Liabilities
Mortgage Notes Payable Secured by Investment Property$19,000,000$0▼ $19,000,000
Other Liabilities$2,983,446$0▼ $2,983,446
Accounts Payable and Accrued Expenses$1,249,052$0▼ $1,249,052
Total Liabilities$23,232,498$0▼ $23,232,498
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,883,455$0▼ $1,883,455
Total Net Assets Fund Balance$1,883,455$0▼ $1,883,455
Total Liabilities and Net Assets / Fund Balance$25,115,953$0▼ $25,115,953
Compensation and Service Providers

Board Members and Trustees

NameTitle
Thomas R ErtelPresident and Treasurer
Michael AustinVice President
Thomas DawsonBoard Member
Larry LutzBoard Member (beg 6/21/21)
Erin RothBoard Member (thru 6/20/21)
Christina ClarkSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Lydig Construction INCConstruction Services11001 E MONTGOMERY DRIVE, Spokane Valley, WA 99206$1,220,707
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$14,176,421
Other Revenue
$10,000
Change in Net Assets
$10,616,545
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,569,876
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses---$3,443,929
Interest---$107,409
Fees for Services Other---$15,262
Fees for Services Legal---$2,171
Fees for Service Investment Mgmnt Fees---$1,105
Total Functional Expenses$0$0$0$3,569,876
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
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 strada education network, inc. Boards or by virtue of their employment with related strada education network, inc. Entities.

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

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 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

All trustees and officers of strada idaho holdings, inc. Are employees of strada education network, inc., a related organization of strada idaho holdings, inc., which requires an annual conflict of interest statement. For strada employees, a conflict of interest and disclosure questionnaire is required, annually, to be completed. 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 governance committee of 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 of the committee, 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 of the governance committee and the corporate secretary in the 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

Compensation determinations of strada idaho holdings, inc.'s president and the other officers for calendar year 2021 were made by a compensation committee of the board of trustees of strada education network, inc. Whose members have no conflict of interest within the meaning of the treas. Reg. 53.4958-6(c)(1)(iii). The compensation committee establishes the compensation philosophy, and with comparability data provided by an independent compensation consultant, annually evaluates the performance of the president and all other officers, and determines in advance the reasonableness of compensation paid to and benefits provided to such individuals. The determinations made and the basis of such determinations are contemporaneously documented in written minutes. Final determinations are reported to the full board of trustees of strada education network, inc.

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
Strada Idaho Holdings Inc
EIN
84-2914431
Phone
3178061200
Address
10 WEST MARKET STREET SUITE 1100, INDIANAPOLIS, IN 46204

Signing Officer

Name
Thomas R Ertel
Title
President
Phone
3178061200
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas R Ertel
Formed
2019
Legal Domicile
Id
Voting Board Members
3
Independent Board Members
0
Employees
0
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 assets, liabilities and net assets to strada education network -12,500,000.

Financial Statement Notes

PART X, LINE 2:

Strada idaho holdings, 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, 2021 or 2020."

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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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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0THOMAS DAWSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1LARRY LUTZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2MICHAEL AUSTIN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3THOMAS R ERTEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4ERIN ROTH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5CHRISTINA CLARK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0BOARD MEMBER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1BOARD MEMBER (BEG 6/21/21)
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3PRESIDENT AND TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4BOARD MEMBER (THRU 6/20/21)
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt5SECRETARY
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IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0STRADA EDUCATION NETWORK, INC., A RELATED ORGANIZATION OF STRADA IDAHO HOLDINGS, INC., USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1ELIGIBLE EMPLOYEES PARTICIPATE IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN UNDER CODE SECTION 457(F). ANY AMOUNTS ULTIMATELY PAID UNDER THE PLAN TO AN ELIGIBLE EMPLOYEE IS REPORTED AS COMPENSATION ON FORM 990, SCHEDULE J, PART II, COLUMN B IN THE YEAR PAID. NO PAYMENTS WERE MADE UNDER THE PLAN DURING CALENDAR YEAR 2021.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 4B
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0TRANSFER OF ASSETS, LIABILITIES AND NET ASSETS TO STRADA EDUCATION NETWORK, INC.
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1SALE OF LAND AND BUILDING
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0STRADA EDUCATION NETWORK INC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt1BURNING GLASS INTERMEDIATE HOLDING COMPANY INC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02021-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12021-06-10
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0473044430
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN1474297860
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt012500000
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt134824332
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt010 WEST MARKET STREET STE 1100
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt130 HUDSON YARDS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0INDIANAPOLIS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm1NEW YORK
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0IN
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IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PERSONS LISTED IN PART VII MAY HAVE A "BUSINESS RELATIONSHIP" WITH EACH OTHER BY VIRTUE OF SITTING ON RELATED STRADA EDUCATION NETWORK, INC. BOARDS OR BY VIRTUE OF THEIR EMPLOYMENT WITH RELATED STRADA EDUCATION NETWORK, INC. ENTITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ONCE 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 IN ADVANCE OF THE FORM BEING FILED WITH THE IRS, ALLOWING TIME FOR REVIEW AND COMMENT BY THE FULL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL TRUSTEES AND OFFICERS OF STRADA IDAHO HOLDINGS, INC. ARE EMPLOYEES OF STRADA EDUCATION NETWORK, INC., A RELATED ORGANIZATION OF STRADA IDAHO HOLDINGS, INC., WHICH REQUIRES AN ANNUAL CONFLICT OF INTEREST STATEMENT. FOR STRADA EMPLOYEES, A CONFLICT OF INTEREST AND DISCLOSURE QUESTIONNAIRE IS REQUIRED, ANNUALLY, TO BE COMPLETED. 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 GOVERNANCE COMMITTEE OF 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 OF THE COMMITTEE, 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 OF THE GOVERNANCE COMMITTEE AND THE CORPORATE SECRETARY IN THE WRITING OF ANY POTENTIAL CONFLICTS OF INTEREST WHICH ARISE AFTER SIGNING THE CONFLICT OF INTEREST DISCLOSURE STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION DETERMINATIONS OF STRADA IDAHO HOLDINGS, INC.'S PRESIDENT AND THE OTHER OFFICERS FOR CALENDAR YEAR 2021 WERE MADE BY A COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES OF STRADA EDUCATION NETWORK, INC. WHOSE MEMBERS HAVE NO CONFLICT OF INTEREST WITHIN THE MEANING OF THE TREAS. REG. 53.4958-6(C)(1)(III). THE COMPENSATION COMMITTEE ESTABLISHES THE COMPENSATION PHILOSOPHY, AND WITH COMPARABILITY DATA PROVIDED BY AN INDEPENDENT COMPENSATION CONSULTANT, ANNUALLY EVALUATES THE PERFORMANCE OF THE PRESIDENT AND ALL OTHER OFFICERS, AND DETERMINES IN ADVANCE THE REASONABLENESS OF COMPENSATION PAID TO AND BENEFITS PROVIDED TO SUCH INDIVIDUALS. THE DETERMINATIONS MADE AND THE BASIS OF SUCH DETERMINATIONS ARE CONTEMPORANEOUSLY DOCUMENTED IN WRITTEN MINUTES. FINAL DETERMINATIONS ARE REPORTED TO THE FULL BOARD OF TRUSTEES OF STRADA EDUCATION NETWORK, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ANY DOCUMENT OPEN TO PUBLIC INSPECTION AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TRANSFER OF ASSETS, LIABILITIES AND NET ASSETS TO STRADA EDUCATION NETWORK -12,500,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, 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 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt2C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/AddressLine1Txt010 SARUM HILL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/CityNm0BASINGSTOKE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/CountryCd0UK
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/ForeignPostalCd0RG21 8SR
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileForeignCountryCd0UK
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0DE

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