Educate

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

Boris Bulayev

Phone

3032174727

Tax Period

2024-01-01 to 2024-12-31

Educate, founded in 2005, is a community nonprofit in the International Affairs sector that reported $9.8M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $11.7M exceeded revenue, resulting in a 19% operating deficit.

Mission

Educate! 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.

Program Service Accomplishments

Program 1

Expenses: $10,737,040 Revenue: $2,281

Educate! 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...

Educate! 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.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,954,708

Program Service Revenue $2,281

Investment Income $848,265

Other Revenue $2,585

TOTAL REVENUE $9,807,839

Expense Breakdown

Grants Paid $162,503

Salaries & Benefits $6,845,284

Fundraising Expenses $601,628

Program Expenses $10,737,040

Other Expenses $4,669,679

TOTAL EXPENSES $11,677,466

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,807,839	$11,066,112	-0.1%
Expenses	$11,677,466	$9,238,258	+0.3%
Net Income	$-1,869,627	$1,827,854	-2.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

322

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

$293,512

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eric Glustrom	Chair	2.00	Officer Director	$0	$0	$0
Amy Kates	Treasurer	2.00	Officer Director	$0	$0	$0
Jeff Aludo	Member	2.00	Director	$0	$0	$0
Radhika Malpani	Member	2.00	Director	$0	$0	$0
Nikita Miller	Member	2.00	Director	$0	$0	$0
Dzingai Mutumbuka	Member	2.00	Director	$0	$0	$0
Boris Bulayev	CEO and Co-Founder	50.00	Officer	$141,187	$6,296	$147,483
Ivan Ssenfuma	Chief Financial Officer	50.00	Officer	$146,029	$0	$146,029
Meghan Mahoney	Global Dir. of Research/Measurement/	50.00	Highest	$128,610	$9,186	$137,796
Kayode Kolade	Deputy Chief Operating Officer	50.00	Highest	$116,745	$0	$116,745
Alexander Kelly	Global Dir. of Growth/Revenue	50.00	Highest	$133,100	$4,352	$137,452

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
2024	$9,807,839	$11,677,466	$28,744,283	$-1,869,627
2023	$11,066,112	$9,238,258	$24,476,242	$1,827,854
2022	$17,513,135	$7,163,367	$22,620,487	$10,349,768
2021	$6,072,389	$5,390,087	$12,591,345	$682,302
2020	$6,890,215	$4,872,926	$11,736,153	$2,017,289
2019	$9,697,813	$5,780,772	$9,412,832	$3,917,041
2018	$5,864,470	$4,973,615	$5,425,590	$890,855