EDUCATE: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
EDUCATE (EIN 84-1648607)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-09-03
IRS object ID
202432479349300603
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-09-03T09:14:56-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN582676261PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Rogers & Company PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line18300 Boone Boulevard Suite 600AddressLine1Txt
CityViennaCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22182ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN841648607EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1EducateBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlEDUCBusinessNameControlTxt
Phone3032174727PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11905 Sherman Street Suite 200 138AddressLine1Txt
CityDenverCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80203ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBoris BulayevPersonNm
Person TitleCEO & Co-FounderPersonTitleTxt
Phone3032174727PhoneNum
Signature2024-08-27SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonYong Zhang CPAPreparerPersonNm
PTINP01249785PTIN
Phone7038930300PhoneNum
Preparation2024-08-16PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-08-08 14:25:15ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerBoris BulayevPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11905 Sherman Street Suite 200 1383AddressLine1Txt
CityDenverCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80203ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$11,066,112GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresshttps://www.experienceeducate.org/WebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2005FormationYr
Legal Domicile StateCOLegalDomicileStateCd
Activity Or MissionEducate!'s mission is to develop young leaders and entrepreneurs in Africa. See Part IIIActivityOrMissionDesc
Voting Members Governing Body6VotingMembersGoverningBodyCnt
Voting Members Independent6VotingMembersIndependentCnt
Total Employee15TotalEmployeeCnt
Total Volunteers320TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$17,319,820PYContributionsGrantsAmt
CY Contributions Grants$10,231,598CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$5,000CYProgramServiceRevenueAmt
PY Investment Income$178,505PYInvestmentIncomeAmt
CY Investment Income$821,610CYInvestmentIncomeAmt
PY Other Revenue$14,810PYOtherRevenueAmt
CY Other Revenue$7,904CYOtherRevenueAmt
PY Total Revenue$17,513,135PYTotalRevenueAmt
CY Total Revenue$11,066,112CYTotalRevenueAmt
PY Grants And Similar Paid$114,752PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$139,770CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$4,475,189PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$5,287,196CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$516,336CYTotalFundraisingExpenseAmt
PY Other Expenses$2,573,426PYOtherExpensesAmt
CY Other Expenses$3,811,292CYOtherExpensesAmt
PY Total Expenses$7,163,367PYTotalExpensesAmt
CY Total Expenses$9,238,258CYTotalExpensesAmt
PY Revenues Less Expenses$10,349,768PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,827,854CYRevenuesLessExpensesAmt
Total Assets BOY$22,620,487TotalAssetsBOYAmt
Total Assets EOY$24,476,242TotalAssetsEOYAmt
Total Liabilities BOY$292,589TotalLiabilitiesBOYAmt
Total Liabilities EOY$309,474TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$22,327,898NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$24,166,768NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionEducate! is a nonprofit organization incorporated in 2005 under the laws of the State of Colorado with operations in Uganda, Rwanda, Kenya, and Tanzania for the purpose of preparing youth in Africa with the skills to succeed in today's economy. Educate! creates a core learning experience that delivers essential skills youth need to transition to work, particularly in Africa's huge informal economy. This experience combines skills training, mentorship, and practical experience starting a business. Educate! delivers this experience by:1) introducing an employment-focused school subject in secondary education, and2) delivering livelihood boot camps for out-of-school youth, with a focus on marginalized rural girls and young women.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$8,200,462ExpenseAmt
Grant$139,770GrantAmt
Revenue$5,000RevenueAmt
DescEducate! is a nonprofit organization incorporated in 2005 under the laws of the State of Colorado with operations in Uganda, Rwanda, Tanzania and Kenya for the purpose of preparing youth in Africa with the skills to succeed in today's economy. Educate!'s mission is to develop young leaders and entrepreneurs in Africa. Educate! delivers a practical and relevant model of education to youth in Uganda, Rwanda, and Kenya, comprised of a leadership and entrepreneurship course, interactive teaching, intensive mentorship, experience starting an enterprise.Educate! delivers this experience by:1) introducing an employment-focused school subject in secondary education, and2) delivering livelihood boot camps for out-of-school youth, with a focus on marginalized rural girls and young women.Desc
Total Program Service Expenses$8,200,462TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign OfficeYes (1)ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To IndividualsYes (1)MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document41IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee15EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial AccountYes (1)ForeignFinancialAccountInd
Foreign CountryKEForeignCountryCd
Foreign CountryUGForeignCountryCd
Foreign CountryRWForeignCountryCd
Foreign CountryTZForeignCountryCd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members6GoverningBodyVotingMembersCnt
Independent Voting Member6IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCOStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Simisola OlabisiBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3032174727PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11905 Sherman Street Ste 200 1383AddressLine1Txt
CityDenverCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80203ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
Eric Glustrom
Chair2.00Yes (X)Yes (X)$0$0$0
Amy Kates
Treasurer2.00Yes (X)Yes (X)$0$0$0
Jeff Aludo
Member2.00Yes (X)$0$0$0
Radhika Malpani
Member2.00Yes (X)$0$0$0
Nikita Miller
Member2.00Yes (X)$0$0$0
Dzingai Mutumbuka
Member2.00Yes (X)$0$0$0
Boris Bulayev
CEO & Co-Founder50.00Yes (X)$179,901$0$17,091
Margaret Appleton
Chief Operating Officer50.00Yes (X)$152,250$0$4,495
Ivan Ssenfuma
Chief Financial Officer50.00Yes (X)$136,043$0$0
Kayode Kolade
Deputy Chief Operating Officer50.00Yes (X)$129,348$0$0
Alexander Kelly
Global Dir of Growth and Revenue50.00$130,595$0$7,512Yes (X)
Meghan Mahoney
Global Dir of Research, Measurement, & Evaluation50.00$115,396$0$16,254Yes (X)
Elana Pollack
Director of Talent50.00$107,863$0$5,634Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$951,396TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$50,986TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K7IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$10,231,598AllOtherContributionsAmt
Total Contributions$10,231,598TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescProgram FeesDesc
Business900099BusinessCd
Total Revenue Column$5,000TotalRevenueColumnAmt
Related Or Exempt Func Income$5,000RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$5,000TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$821,610TotalRevenueColumnAmt
Exclusion$821,610ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOther revenueDesc
Business900099BusinessCd
Total Revenue Column$7,904TotalRevenueColumnAmt
Exclusion$7,904ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$7,904OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$11,066,112TotalRevenueColumnAmt
Related Or Exempt Func Income$5,000RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$829,514ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$139,770TotalAmt
Program Services$139,770ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$619,128TotalAmt
Program Services$539,044ProgramServicesAmt
Management And General$30,375ManagementAndGeneralAmt
Fundraising$49,709FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$3,877,198TotalAmt
Program Services$3,375,680ProgramServicesAmt
Management And General$190,217ManagementAndGeneralAmt
Fundraising$311,301FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$13,211TotalAmt
Program Services$11,502ProgramServicesAmt
Management And General$649ManagementAndGeneralAmt
Fundraising$1,060FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$318,500TotalAmt
Program Services$274,405ProgramServicesAmt
Management And General$15,379ManagementAndGeneralAmt
Fundraising$28,716FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$459,159TotalAmt
Program Services$399,767ProgramServicesAmt
Management And General$22,527ManagementAndGeneralAmt
Fundraising$36,865FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$20,085TotalAmt
Program Services$16,684ProgramServicesAmt
Management And General$3,401ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$107,130TotalAmt
Management And General$107,130ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$954,307TotalAmt
Program Services$836,322ProgramServicesAmt
Management And General$87,345ManagementAndGeneralAmt
Fundraising$30,640FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$19,593TotalAmt
Program Services$13,783ProgramServicesAmt
Management And General$5,266ManagementAndGeneralAmt
Fundraising$544FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$116,489TotalAmt
Program Services$92,314ProgramServicesAmt
Management And General$18,074ManagementAndGeneralAmt
Fundraising$6,101FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$288,022TotalAmt
Program Services$266,192ProgramServicesAmt
Management And General$13,058ManagementAndGeneralAmt
Fundraising$8,772FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$108,740TotalAmt
Program Services$94,209ProgramServicesAmt
Management And General$259ManagementAndGeneralAmt
Fundraising$14,272FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,778,261TotalAmt
Program Services$1,728,753ProgramServicesAmt
Management And General$24,418ManagementAndGeneralAmt
Fundraising$25,090FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$205,397TotalAmt
Program Services$199,679ProgramServicesAmt
Management And General$2,820ManagementAndGeneralAmt
Fundraising$2,898FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$19,176TotalAmt
Program Services$18,706ProgramServicesAmt
Management And General$470ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Program Supplies$172,746$172,306$72$368
Fees, permits, licenses$21,346$21,346

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$9,238,258TotalAmt
Program Services$8,200,462ProgramServicesAmt
Management And General$521,460ManagementAndGeneralAmt
Fundraising$516,336FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,910,653BOYAmt
EOY$3,633,285EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$8,513,166BOYAmt
EOY$6,415,603EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,118,034BOYAmt
EOY$4,206,705EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$34,613BOYAmt
EOY$21,979EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$44,021BOYAmt
EOY$75,632EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
EOY$3,070,192EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$10,000,000BOYAmt
EOY$7,052,846EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$22,620,487BOYAmt
EOY$24,476,242EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$292,589BOYAmt
EOY$259,216EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$50,258EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$292,589BOYAmt
EOY$309,474EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$9,027,898BOYAmt
EOY$9,460,235EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$13,300,000BOYAmt
EOY$14,706,533EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$22,327,898BOYAmt
EOY$24,166,768EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$22,620,487BOYAmt
EOY$24,476,242EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$1,827,854ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$11,016OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$9,630,377CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$6,844,234CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,035,008CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$17,319,820CurrentTaxYearMinus1YearAmt
Current Tax Year$10,231,598CurrentTaxYearAmt
Total$50,061,037TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$9,630,377CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$6,844,234CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,035,008CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$17,319,820CurrentTaxYearMinus1YearAmt
Current Tax Year$10,231,598CurrentTaxYearAmt
Total$50,061,037TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$21,185,561SubstantialContributorsTotAmt
Public Support Total170$28,875,476PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,489CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$33,926CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$29,255CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$178,505CurrentTaxYearMinus1YearAmt
Current Tax Year$821,610CurrentTaxYearAmt
Total$1,066,785TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year$7,904CurrentTaxYearAmt
Total$7,904TotalAmt
FieldValueIRS element (for citing)
Total Support$51,135,726TotalSupportAmt
Gross Receipts Rltd Activities$103,938GrossReceiptsRltdActivitiesAmt
Public Support CY1700.56470PublicSupportCY170Pct
Public Support PY1700.60440PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule A, Part II, Line 10, Explanation of Other Income:FormAndLineReferenceDesc
ExplanationOther Income - 2023 Amount: $ 7,904.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescLong term certificates of depositDesc
Book Value$3,070,192BookValueAmt
Method ValuationCMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$3,070,192TotalBookValueSecuritiesAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
Long term cash and cash equivalents$7,000,000
Rights of use asset$52,846
FieldValueIRS element (for citing)
Total Book Value Other Assets$7,052,846TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescLease LiabilityDesc
Amt$50,258Amt
FieldValueIRS element (for citing)
Total Liability$50,258TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart X, Line 2:FormAndLineReferenceDesc
ExplanationManagement has evaluated the Organization's tax positions and concluded that the Organization's consolidated financial statements do not include any uncertain tax positions.ExplanationTxt

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
Sub-Saharan Africa3359Program servicesEducation and learning programs$7,985,498
Sub-Saharan Africa00Grantmaking$139,770
FieldValueIRS element (for citing)
Subtotal Offices3SubtotalOfficesCnt
Subtotal Employees359SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office3TotalOfficeCnt
Total Employee359TotalEmployeeCnt
Subtotal Spent$8,125,268SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$8,125,268TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (4 entries)

Type Of AssistanceTypeOfAssistanceTxtRegionRegionTxtRecipientRecipientCntCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxtDescription Of Non Cash AsstDescriptionOfNonCashAsstTxtValuation Method UsedValuationMethodUsedDesc
StipendsSub-Saharan Africa46$98,465Mobile transfern/an/a
Business developmentSub-Saharan Africa193$26,483Mobile transfern/an/a
AwardsSub-Saharan Africa85$5,913Mobile transfern/an/a
ScholarshipsSub-Saharan Africa20$8,909Mobile transfern/an/a
FieldValueIRS element (for citing)
Transfer To Foreign Corp0TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp OwnershipYes (1)ForeignCorpOwnershipInd
Passive Foreign Investmest Co0PassiveForeignInvestmestCoInd
Foreign Partnership0ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part I, Line 2:The grants are seed money for the graduates' businesses. Recipients are members of a fellowship progam and their performance is reported on a termly basis. Educate! staff meets with them on a biweekly basis to discuss the progress of their businesses.
Part I, line 3:Foreign expenses are directly tracked by region, and accounted for on the accrual method of accounting.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Boris Bulayev
CEO & Co-Founder$179,901$0$0$0$0$0$5,960$0$11,131$0$196,992$0$0$0
Margaret Appleton
Chief Operating Officer$152,250$0$0$0$0$0$0$0$4,495$0$156,745$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Parts I and V, Lines 5 and 2a:The reference to 15 employees is a reference to the U.S. paid employees only and does not include the additional 239 East African paid employees, which contributes to the total salaries reported.
Form 990, Part VI, Section B, line 11bThe CEO, CFO and Finance Committee review the 990 before filing.
Form 990, Part VI, Section B, line 12cEvery officer in the organization is aware of the Conflict of Interest Policy and brings to the attention of the Board Chair whenever there is a possible breach in this policy The Board Chair then decides whether to bring the conflict of interest issue to the entire Board of Directors.
Form 990, Part VI, Section B, line 15The Board uses data of other comparable organizations to discuss and approve appropriate executive salaries.
Form 990, Part VI, Section C, line 19Governing documents are available upon request.
Form 990, Part IX, line 11gConsultants, contractors and other professional fees: Program service expenses 836,322. Management and general expenses 87,345. Fundraising expenses 30,640. Total expenses 954,307.
Form 990, Part XI, line 9:FX Exchange Loss 11,016.
Form 990, Part XII, Line 2c:No change from prior year.

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtShare Of EOY AssetsShareOfEOYAssetsAmtOwnershipOwnershipPctControlled OrganizationControlledOrganizationIndAddress Line1ForeignAddress/AddressLine1TxtProvince Or StateForeignAddress/ProvinceOrStateNmCountryForeignAddress/CountryCdLegal Domicile Foreign CountryLegalDomicileForeignCountryCdShare Of Total IncomeShareOfTotalIncomeAmt
Skilled Learning Inc
PO Box 12302DenverCO80212843269824Hold investment in Learning Point Ltd. (program related)DEEducateC$1,088,4661.00000Yes (1)
Learning Point Limited
Develop young leaders and entrepreneurs in AfricaEducateC$2,4421.00000Yes (1)PO BOX 14938NairobiKEKE$294
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (1)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1Skilled Learning IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeDTransactionTypeTxt
Involved$1,088,366InvolvedAmt
Method Of Amount DeterminationCash valueMethodOfAmountDeterminationTxt

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