EdChoice Inc

Nonprofit profile at a glance

EIN
351978359
IRS 990 coverage
2012–2025
Forms available
Form 990 2025, Form 990-T 2025
Location
Indianapolis, IN, USA
Phone
3176810745
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Educational Services and Schools - Other

Official website

Reported finances

Revenue
$11,677,108
Expenses
$11,288,869
Assets
$20,004,656
Liabilities
$761,660

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • ROBERT C ENLOW (PRESIDENT & CEO)
  • CAREY E FOLCO (EXECUTIVE VICE PRESIDENT OF OPERATIONS AND CHIEF OF STAFF)
  • BRIAN MCGRATH (EXECUTIVE VICE PRESIDENT OF PROGRAMS)
  • STEVEN HOLWERDA (EXECUTIVE VICE PRESIDENT OF EXTERNAL RELATIONS)
  • LESLIE HINER (VICE PRESIDENT OF LEGAL POLICY)
  • PAUL DIPERNA (VICE PRESIDENT OF RESEARCH & INNOVATION)

Highest reported compensation

  • ROBERT C ENLOW (PRESIDENT & CEO): $433,270 total reported compensation
  • THOMAS FISHER (EXECUTIVE VICE PRESIDENT & DIRECTOR OF LITIGATION): $277,322 total reported compensation
  • LESLIE HINER (VICE PRESIDENT OF LEGAL POLICY): $223,662 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Edchoice, inc. Is dedicated to advancing full and unencumbered educational choice as the best pathway to successful lives and a stronger society.

What it reported doing in 2025

State programs: edchoice, inc. Works in states around the country to educate the public on the issue of educational choice, providing educational services to state-based organizations and individuals. Services include: sponsoring and hosting informational symposiums, testifying in front of various legislative bodies, educating local and state organizations on educational choice programs, parent educational efforts and training, informing media, providing technical advice on the drafting of legislation, and sponsoring visits by expert speakers.

Operating model

Revenue model
Donor-supported. 91% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 92% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 76
  • Accountability: 94
  • Sustainability: 42
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85%; rating input score 85
  • Program expense ratio: 87.1%; rating input score 87
  • Fundraising efficiency: $10.66 raised per $1 spent on fundraising; rating input score 35; 35th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 88.9%; rating input score 89; 17th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 3.3%; rating input score 38; 38th percentile among comparable filings
  • Total-asset coverage ratio: 1.77; rating input score 48; 48th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 17.6%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: 7.9% per year; rating input score 100; 57th percentile among comparable filings
  • Revenue growth: 5.4% per year; rating input score 100; 45th percentile among comparable filings
  • Asset growth: 6.5% per year; rating input score 100; 46th percentile among comparable filings

Details

  • Where the money goes: 85% of revenue deployed · 87.1% of spending went to programs
  • Governance: 8 of 9 board members independent · 8 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $9.8M in reported program spending
  • Leadership: top reported pay $433K · 16 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $288K reported
  • Consistency: 38 of 38 current checks pass
  • Schedules: 9 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 12 filing years from 2012 to 2025
  • Contacts: How to reach this organization
  • Money network: 25 filed money-flow records
  • Related organizations: 16 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 35/100.
  • Moderate — Sustainability: Operating margin scored 38/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
  • High — Sustainability: Officer compensation ratio scored 8/100.