SOUTHWEST EDUCATIONAL DEVELOPMENT CORP

EIN: 741545911 501(c)(3)

ARLINGTON, VA

Total Revenue
$6,520,567
Total Expenses
$6,436,403
Total Assets
$5,436,904
Net Assets
$5,394,701
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
TX
Principal Officer
DAVID MYERS
Phone
2024035000
Tax Period
2019-01-01 to 2019-12-31

SOUTHWEST EDUCATIONAL DEVELOPMENT CORP, founded in 1966, is a community nonprofit that reported $6.5M in total revenue in fiscal year 2019. Revenue fell 22% from the prior year — a significant decline worth monitoring.

Mission

SEDL'S PRIMARY EMPHASIS IS TO CHALLENGE, SUPPORT, AND ENRICH EDUCATION SYSTEMS IN THE SOUTHWESTERN UNITED STATES IN ORDER TO PROVIDE QUALITY EDUCATION FOR ALL LEARNERS. ITS MISSION IS TO FIND, SHARE, AND SUSTAIN SOLUTIONS FOR URGENT PROBLEMS FACING EDUCATIONAL SYSTEMS, PRACTITIONERS, AND DECISION MAKERS IN THE SOUTHWESTERN UNITED STATES. EFFECTIVE JANUARY 1, 2015, SEDL BECAME A CONTROLLED AFFILIATE OF THE AMERICAN INSTITUTES FOR RESEARCH IN THE BEHAVIORAL SCIENCES (AIR). AS OF MAY 1, 2015, ALL SEDL EMPLOYEES BECAME EMPLOYEES OF AIR LARGELY TO STREAMLINE ADMINISTRATION OF FRINGE BENEFIT PLANS. THE ACTIVITIES REPORTED HEREIN, WHILE REPORTED AS SEDL'S ACTIVITIES FOR FORM 990 PURPOSES, ARE MANAGED BY AND UNDER AUTHORIZATION OF THE DIRECTORS, OFFICERS, AND CERTAIN KEY EMPLOYEES OF THE AMERICAN INSTITUTES FOR RESEARCH IN THE BEHAVIORAL SCIENCES (AIR). PURSUANT TO THE REQUIREMENTS OF FORM 990, INDIVIDUALS AND AMOUNTS REPORTED ON THIS FORM MUST INCLUDE THE INFORMATION RELEVANT TO HIGHEST PAID MEMBERS OF MANAGEMENT COLLECTIVELY ACROSS ALL ENTITIES UNDER COMMON CONTROL REGARDLESS OF THE DEGREE OF THEIR ACTIVE ENGAGEMENT IN THE AFFAIRS OF THE REPORTING ORGANIZATION. IN THIS CASE, SEDL IS AN AFFILIATE UNDER COMMON CONTROL OF THE AMERICAN INSTITUTES FOR RESEARCH IN THE BEHAVIORAL SCIENCES. AS AN INTEGRAL PART OF AIR'S OVERALL OPERATION. THE SEDL LEGAL ENTITY HAS NO EMPLOYMENT RELATIONSHIP WITH ANY INDIVIDUALS AND RELIES ON AIR EMPLOYEES, VIA INTERCOMPANY ARRANGEMENTS, TO FULFILL EXECUTION OF THIRD-PARTY CONTRACTUAL OBLIGATIONS. THE COMPENSATION REPORTED HEREIN REPRESENTS THE FULL REMUNERATION PAID TO AIR EMPLOYEES IN CONNECTION WITH FULFILLING COMMITMENTS AND OBLIGATIONS FOR THE SEDL ENTITY. USING AIR EMPLOYEES, SEDL CONTINUES TO, PERFORM ON CONTRACTS THAT EXISTED AS OF THE AFFILIATION DATE, OR THAT WERE SUBSEQUENTLY EXTENDED OR MODIFIED. DIRECTIONS ABOUT FUTURE NEW BUSINESS DEVELOPMENT ACTIVITIES FOR SEDL WILL BE UNDERTAKEN BY EITHER AIR OR SEDL BASED ON THE NATURE OF FUNDING OPPORTUNITIES. DEPENDING ON FUTURE BUSINESS DEVELOPMENT DECISIONS, SEDL MAY REMAIN AS A SPECIAL PURPOSE LEGAL ENTITY OR BE DISSOLVED.

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Trantor Score

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

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $6,520,027
Program Service Revenue $540
Investment Income $0
Other Revenue $0
TOTAL REVENUE $6,520,567

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,471,730
Fundraising Expenses $193,021
Program Expenses $5,753,011
Other Expenses $1,962,129
TOTAL EXPENSES $6,436,403

Year-over-Year Comparison

2019 2018 Change
Revenue $6,520,567 $8,379,591 -0.2%
Expenses $6,436,403 $10,642,672 -0.4%
Net Income $84,164 $-2,263,081 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
3
$3,840,155
Total Directors
3
$3,840,155
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID MYERS BOARD PRESIDENT 2.00
Officer Director
$37,926 $77,129 $2,469,523
MARIJO AHLGRIMM TREASURER 2.00
Officer Director
$13,833 $140,234 $1,012,783
DONA KILPATRICK SECRETARY 2.00
Officer Director
$4,529 $72,120 $357,849
STUART FERGUSON FORMER OFFICER 1.00
$2,188 $31,526 $169,514
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
2019 $6,520,567 $6,436,403 $5,436,904 $84,164
2018 $8,379,591 $10,642,672 $5,425,682 $-2,263,081
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