Association for Advancing Quality in Educator Preparation

EIN: 822069694 501(c)(3) Education

Lake Frederick, VA

Total Revenue
$1,471,421
Total Expenses
$1,469,572
Total Assets
$1,107,210
Net Assets
$221,278
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
VA
Principal Officer
Jerald Wirth
Phone
7039094946
Tax Period
2024-07-01 to 2025-06-30

Association for Advancing Quality in Educator Preparation, founded in 2017, is a small nonprofit in the Education sector that reported $440K in total revenue in fiscal year 2018. Revenue surged 401% from the prior year, signaling strong growth momentum. Expenses of $502K exceeded revenue, resulting in a 14% operating deficit.

Mission

Promote and recognize high-quality educator preparation programs

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $925,900
Program Service Revenue $527,214
Investment Income $18,307
Other Revenue $0
TOTAL REVENUE $1,471,421

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,012,174
Fundraising Expenses $0
Program Expenses $1,162,870
Other Expenses $457,398
TOTAL EXPENSES $1,469,572

Year-over-Year Comparison

2024 2023 Change
Revenue $1,471,421 $1,472,479 0.0%
Expenses $1,469,572 $1,419,947 +0.0%
Net Income $1,849 $52,532 -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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Financial Health Indicators

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Governance

Voting Members
23
Independent Members
23
Employees
9
Volunteers
14

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
5
$132,280
Total Directors
23
$132,280
Key Employees
1
$132,280
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Virginia Goatley Chair 1.00
Officer Director
$0 $0 $0
Anthony Rivera Vice Chair 1.00
Officer Director
$0 $0 $0
Sharmila Mann Secretary 1.00
Officer Director
$0 $0 $0
Amy Holcombe Treasurer 1.00
Officer Director
$0 $0 $0
Olga DeJesus-Diaz Director 1.00
Director
$0 $0 $0
Gina Anderson Director 1.00
Director
$0 $0 $0
Chris Kalmus Director 1.00
Director
$0 $0 $0
Jacob Easley II Director 1.00
Director
$0 $0 $0
Rebecca Pelton Director 1.00
Director
$0 $0 $0
Gina Pepin Director 1.00
Director
$0 $0 $0
Joseph Lubig Director 1.00
Director
$0 $0 $0
John Watzke Director 1.00
Director
$0 $0 $0
Sandra Doran Director 1.00
Director
$0 $0 $0
Carrie Griffith Director 1.00
Director
$0 $0 $0
Sarah-Kate LaVan Director 1.00
Director
$0 $0 $0
Reyes Quezada Director 1.00
Director
$0 $0 $0
George Ann Rice Director 1.00
Director
$0 $0 $0
Catherine Snyder Director 1.00
Director
$0 $0 $0
Mark LaCelle-Peterson President 40.00
Officer Director Key Emp
$132,280 $0 $132,280
Aaron Popham Director 1.00
Director
$0 $0 $0
Katherine Chen Tilley Director 1.00
Director
$0 $0 $0
Scott Myers Director 1.00
Director
$0 $0 $0
Alan Sebel Director 1.00
Director
$0 $0 $0
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 $1,471,421 $1,469,572 $1,107,210 $1,849
2024 $1,472,479 $1,419,947 $1,072,012 $52,532
2023 $1,267,045 $1,206,590 $1,004,458 $60,455
2022 $1,030,998 $1,007,801 $904,412 $23,197
2021 $817,233 $759,692 $719,484 $57,541
2020 $653,553 $586,639 $341,221 $66,914
2019 $439,860 $502,034 $179,470 $-62,174
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