RELAY GRADUATE SCHOOL OF EDUCATION

EIN: 275316628 501(c)(3) Education

NEW YORK, NY

Total Revenue
$62,808,467
Total Expenses
$61,303,234
Total Assets
$69,145,975
Net Assets
$43,802,086
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
NY
Phone
2122281888
Tax Period
2023-07-01 to 2024-06-30

RELAY GRADUATE SCHOOL OF EDUCATION, founded in 2011, is a mid-sized nonprofit in the Education sector that reported $62.8M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

RELAY GRADUATE SCHOOL OF EDUCATION (THE ORGANIZATION) WAS ORGANIZED UNDER THE EDUCATION LAW OF THE STATE OF NEW YORK IN FEBRUARY ORGANIZED UNDER PROVIDE HIGH-QUALITY TRAINING AND SUPPORT FOR TEACHERS AND SCHOOL LEADERS. THE ORGANIZATION COMMENCED OPERATIONS ON JULY 1, 2011 AND RECEIVED ITS PUBLIC CHARITY DETERMINATION FROM THE INTERNAL REVENUE SERVICE IN SEPTEMBER 2011. THE ORGANIZATION'S MISSION IS TO TEACH TEACHERS AND SCHOOL LEADERS TO DEVELOP IN ALL STUDENTS THE ACADEMIC SKILLS AND STRENGTH OF CHARACTER NEEDED TO SUCCEED IN COLLEGE AND LIFE. IT AIMS TO PLAY AN INSTRUMENTAL ROLE IN ADDRESSING THE URGENT NEED FOR MORE DIVERSE, EFFECTIVE TEACHERS AND PRINCIPALS IN PUBLIC SCHOOLS LOCATED IN LOW-INCOME COMMUNITIES. TO THAT END, THE ORGANIZATION OPERATES A GRADUATE SCHOOL OF EDUCATION THAT OFFERS INNOVATIVE TEACHER PREPARATION PROGRAMS THAT LEAD TOWARD TEACHER CERTIFICATION AND/OR A MASTER'S DEGREE. IN ADDITION, THE ORGANIZATION PROVIDES PROFESSIONAL DEVELOPMENT PROGRAMS.

Program Service Accomplishments

Program 1
Expenses: $44,079,959 Revenue: $47,776,994

RELAY GRADUATE SCHOOL OF EDUCATION (THE ORGANIZATION) WAS ORGANIZED UNDER THE EDUCATION LAW OF THE STATE OF NEW YORK IN FEBRUARY 2011, TO IMPROVE THE TRAINING AND PREPARATION OF TEACHERS. THE...

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RELAY GRADUATE SCHOOL OF EDUCATION (THE ORGANIZATION) WAS ORGANIZED UNDER THE EDUCATION LAW OF THE STATE OF NEW YORK IN FEBRUARY 2011, TO IMPROVE THE TRAINING AND PREPARATION OF TEACHERS. THE ORGANIZATION RECEIVED ITS PUBLIC CHARITY DETERMINATION FROM THE INTERNAL REVENUE SERVICE IN SEPTEMBER 2011. THE ORGANIZATION COMMENCED OPERATIONS IN JULY 2011, AT WHICH POINT THE PROGRAMS PREVIOUSLY OPERATED BY TOGETHER EDUCATION (TE), A RELATED NOT-FOR-PROFIT ORGANIZATION, WERE TRANSFERRED TO THE ORGANIZATION. TE SUPPORTS THE ORGANIZATION AND ITS DEVELOPMENT AND DELIVERY OF TEACHER AND SCHOOL LEADER TRAINING PROGRAMS. IN JULY 2011, THE ORGANIZATION OPENED ITS DOORS TO AN INAUGURAL CLASS OF GRADUATE STUDENTS. IN THE 2011-2012 AND 2012-2013 ACADEMIC YEARS THE ORGANIZATION OFFERED TWO PROGRAMS, A MASTER OF ARTS IN TEACHING GRADUATE DEGREE PROGRAM IN NEW YORK, NY, AND A TEACHER CERTIFICATION PROGRAM IN NEWARK, NJ. BY THE 2016-2017 ACADEMIC YEAR, THE ORGANIZATION OFFERED MASTER OF ARTS IN TEACHING GRADUATE DEGREES AND/OR TEACHER CERTIFICATION PROGRAMS IN NEW YORK, NEW JERSEY, LOUISIANA, ILLINOIS, TEXAS, DELAWARE, PENNSYLVANIA, TENNESSEE, CONNECTICUT, AND COLORADO. THE ORGANIZATION ALSO OFFERS A MASTER OF EDUCATION IN INSTRUCTIONAL SCHOOL LEADERSHIP GRADUATE DEGREE IN NEW YORK, NY, AND RUNS A NATIONAL INSTRUCTIONAL SCHOOL LEADERSHIP PROGRAM. SINCE LAUNCHING IN 2011, OVER 3,000 TEACHERS AND SCHOOL LEADERS HAVE COMPLETED THE ORGANIZATION'S TEACHER AND SCHOOL LEADER TRAINING PROGRAMS. IN APRIL 2012, THE ORGANIZATION WAS APPROVED BY THE U.S. DEPARTMENT OF EDUCATION AS A TITLE IV ELIGIBLE INSTITUTION, ALLOWING IT TO OFFER TITLE IV FEDERAL STUDENT AID PROGRAMS TO ITS STUDENTS STARTING IN THE 2012-2013 ACADEMIC YEAR.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $13,971,458
Program Service Revenue $47,776,994
Investment Income $797,513
Other Revenue $262,502
TOTAL REVENUE $62,808,467

Expense Breakdown

Grants Paid $1,669,094
Salaries & Benefits $39,663,262
Fundraising Expenses $1,188,497
Program Expenses $44,079,959
Other Expenses $19,970,878
TOTAL EXPENSES $61,303,234

Year-over-Year Comparison

2023 2022 Change
Revenue $62,808,467 $56,909,254 +0.1%
Expenses $61,303,234 $62,559,842 0.0%
Net Income $1,505,233 $-5,650,588 -1.3%
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
9
Independent Members
9
Employees
447
Volunteers
9

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
$536,839
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DACIA TOLL VICE CHAIR 2.0
Officer Director
$0 $0 $0
DAVID LEVIN SECRETARY 2.0
Officer Director
$0 $0 $0
DAVID SALTZMAN TREASURER 2.0
Officer Director
$0 $0 $0
NORMAN ATKINS CHAIRMAN 2.0
Officer Director
$0 $0 $0
AIMEE EUBANKS DAVIS TRUSTEE 2.0
Director
$0 $0 $0
DAVID STEINER TRUSTEE 2.0
Director
$0 $0 $0
DONNELL BUTLER TRUSTEE 2.0
Director
$0 $0 $0
LARRY ROBBINS TRUSTEE 2.0
Director
$0 $0 $0
SHAYNE SPALTEN TRUSTEE 2.0
Director
$0 $0 $0
Derek Richey Interim CFO, Full-time CFO as of 3/24/24 40.0
Officer
$14,325 $0 $14,325
MAYME HOSTETTER PRESIDENT 40.0
Officer
$471,546 $50,968 $522,514
ANNE MCCARLEY CHIEF EXTERNAL AFFAIRS OFFICER 40.0
Highest
$230,700 $19,428 $250,128
BENJAMIN KLOMPUS MD OF PRINCIPAL SUPERVISOR PRG 40.0
Highest
$211,054 $8,442 $219,496
Jessica Smith Chief Operating Officer 40.0
Highest
$248,133 $11,889 $260,022
MAYA WEATHERTON PROVOST, TEACHER PREP 40.0
Highest
$224,265 $25,245 $249,510
Shavonne Gibson Chief Professional Learning Officer 40.0
Highest
$228,100 $9,124 $237,224
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
2025 No data No data No data No data
2024 $62,808,467 $61,303,234 $69,145,975 $1,505,233
2023 $56,909,254 $62,559,842 $71,355,030 $-5,650,588
2022 $55,978,916 $58,905,344 $56,720,403 $-2,926,428
2021 $75,161,992 $61,307,556 $59,675,478 $13,854,436
2020 $58,448,812 $60,100,036 $52,802,230 $-1,651,224
2019 $60,732,474 $57,671,408 $55,704,200 $3,061,066
2018 $51,101,756 $46,748,936 $51,234,789 $4,352,820
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