Educate

EIN: 841648607 501(c)(3) International Affairs

Denver, CO

Total Revenue
$9,807,839
Total Expenses
$11,677,466
Total Assets
$28,744,283
Net Assets
$22,309,133
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
CO
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!'s mission is to develop young leaders and entrepreneurs in Africa. See Part III

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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 (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
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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
6
Independent Members
6
Employees
14
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
4
$293,512
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
3
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
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