Edsource Inc
Nonprofit profile at a glance
- EIN
- 942434900
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Oakland, CA, USA
- Phone
- 5104330421
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Elementary, Secondary Education, K - 12
Reported finances
- Revenue
- $2,741,728
- Expenses
- $4,106,123
- Assets
- $6,094,082
- Liabilities
- $932,857
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- ANNE VASQUEZ (FORMER CHIEF EXECUTIVE OFFICER)
- LOUIS FREEDBERG INTERIM (CHIEF EXECUTIVE OFFICER THRU 01/2025)
- DEBORAH CLARK (CHIEF EXECUTIVE OFFICER)
- JANNELLE KUBINEC (VP/SECRETARY THRU 12/2024, PRESIDENT)
- JOEL VARGAS (PRESIDENT THRU 12/2024)
Highest reported compensation
- ANNE VASQUEZ (FORMER CHIEF EXECUTIVE OFFICER): $203,773 total reported compensation
- STEPHANIE T NGUYEN (DIRECTOR OF OPERATIONS THRU 11/2024): $183,154 total reported compensation
- JOHN FENSTERWALD (EDITOR-AT-LARGE): $168,500 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Founded in 1977, edsource uses new communications tools to distribute trustworthy and useful information on public education that contributes to a more engaged public and to more effective policies that enhance student success in California and nationally.
What it reported doing in 2024
Key organization in the education data partnership, which offers data on schools, districts and state level issues in a user-friendly forms; convenes statewide conversations on key education policies, such as the educators network for effective school discipline.
Operating model
- Revenue model
- Donor-supported. 90% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% 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.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 74
- Accountability: 95
- Sustainability: 22
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 74.2%; rating input score 74
- Fundraising efficiency: $7.95 raised per $1 spent on fundraising; rating input score 30; 30th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -49.8%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 1.48; rating input score 51; 51st percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 50; 50th percentile among comparable filings
- Officer compensation ratio: 32.5%; rating input score 4; 4th percentile among comparable filings
Growth
- Program expense growth: 6.7% per year; rating input score 100; 49th percentile among comparable filings
- Revenue growth: 5.1% per year; rating input score 100; 42nd percentile among comparable filings
- Asset growth: 8.6% per year; rating input score 100; 52nd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 74.2% of spending went to programs
- Governance: 8 of 8 board members independent · 8 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $3M in reported program spending
- Leadership: top reported pay $204K · 20 people listed · 2 of 6 pay-setting controls reported
- Consistency: 31 of 31 current checks pass
- Schedules: 5 filed schedules · includes major donors and executive pay
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 10 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 30/100.
- High — Sustainability: Operating margin scored 2/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Review — Sustainability: Total-asset coverage ratio scored 51/100.
- High — Sustainability: Officer compensation ratio scored 4/100.
- Review — Sustainability: Liabilities to assets ratio scored 50/100.