Education Matters Inc

EIN: 237121512 501(c)(3)

Cincinnati, OH

Total Revenue
$3,491,452
Total Expenses
$816,713
Total Assets
$6,899,681
Net Assets
$6,860,191
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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
OH
Principal Officer
Mary Delaney
Phone
5132442214
Tax Period
2021-07-01 to 2022-06-30

Education Matters Inc, founded in 1971, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2021. Revenue surged 484% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.7M, a strong 77% operating margin.

Mission

Education Matters' mission is to inspire learning and strengthen our community by removing barriers to education.

Program Service Accomplishments

Program 1
Expenses: $356,151 Revenue: $50,680

The Education Forward program is designed to meet students where they are to move their education forward. The program recognizes that earning a GED is a key step in entering the workforce, college...

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The Education Forward program is designed to meet students where they are to move their education forward. The program recognizes that earning a GED is a key step in entering the workforce, college, or a training program. The goal is to help students re-engage in education, advance grade levels, succeed in earning a GED, and move forward in their college or career ambitions. Education Forward offers both one-on-one and class instruction to meet the needs of differing learning styles.

Program 2
Expenses: $309,008 Revenue: $50,679

The English Connection program provides a safe, accepting environment that serves not only as an English for Speakers of Other Languages program, but also as a bridge into the community at large by...

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The English Connection program provides a safe, accepting environment that serves not only as an English for Speakers of Other Languages program, but also as a bridge into the community at large by providing the tools for communication necessary to access employment, essential services, and safe housing. The overarching goal of the English Connection program is to provide a safe, welcoming environment where our students can learn necessary English skills and be empowered to engage and exchange dialogue within their community. We know that our community and city is only strengthened by our growing immigrant population, and we believe that providing access to learning skills that allow effective and confident communication is a basic human right.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $3,015,826
Program Service Revenue $101,359
Investment Income $370,674
Other Revenue $3,593
TOTAL REVENUE $3,491,452

Expense Breakdown

Grants Paid $70,015
Salaries & Benefits $499,150
Fundraising Expenses $61,586
Program Expenses $665,159
Other Expenses $247,548
TOTAL EXPENSES $816,713

Year-over-Year Comparison

2021 2020 Change
Revenue $3,491,452 $597,390 +4.8%
Expenses $816,713 $744,324 +0.1%
Net Income $2,674,739 $-146,934 -19.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
15
Volunteers
35

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$168,537
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Maria Kreppel Trustee 1.00
Director
$0 $0 $0
Matt Strange President 2.00
Officer Director
$0 $0 $0
Matt Good Vice President 1.00
Officer Director
$0 $0 $0
Rossana Stettler Trustee 1.00
Director
$0 $0 $0
Melissa Young Secretary 1.00
Officer Director
$0 $0 $0
Aisha Jordan Treasurer 1.00
Officer Director
$0 $0 $0
Claudia Canipe Trustee - Exited 9/15/21 1.00
Director
$0 $0 $0
Mark Perry Trustee - Exited 2/23/22 1.00
Director
$0 $0 $0
Joe Brunner Trustee - Exited 5/23/22 1.00
Director
$0 $0 $0
Christine Parks Trustee - Exited 6/30/22 1.00
Director
$0 $0 $0
Terence Harrison Trustee 1.00
Director
$0 $0 $0
Emily Eskridge CFO 20.00
Officer
$68,352 $10,097 $78,449
Mary Delaney Executive Director 20.00
Officer
$80,741 $9,347 $90,088
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 $3,491,452 $816,713 $6,899,681 $2,674,739
2022 No data No data No data No data
2021 $597,390 $744,324 $5,685,161 $-146,934
2020 $580,798 $595,624 $5,885,384 $-14,826
2019 $607,451 $534,822 $5,884,542 $72,629
2018 $871,867 $722,350 $5,822,968 $149,517
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