Education at Work Inc
Nonprofit profile at a glance
- EIN
- 454035038
- IRS 990 coverage
- 2012–2021
- Forms available
- Form 990 2021
- Location
- Indianapolis, IN, USA
- Phone
- 5138413600
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Adult, Continuing Education
Reported finances
- Revenue
- $18,009,330
- Expenses
- $18,511,379
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- JAIME NUNEZ (PRESIDENT)
Highest reported compensation
- WILLIAM HANSEN (BOARD MEMBER (THRU 2/28/2021)): $1,671,048 total reported compensation
- THOMAS DAWSON (EXECUTIVE VP): $645,366 total reported compensation
- LARRY LUTZ (CHAIRMAN): $564,023 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Education at work, inc.'s mission is to provide financial and other support for, and to otherwise operate for the benefit of, roadtrip nation, ltd. To pursue their mission of empowering students to find their road in life, their life path, through education curriculum and hands on experiences.
What it reported doing in 2021
Education at work, inc. Provides employment and financial assistance to college students to help them get their degrees and help them secure full-time employment. Many of the students helped will be first generation college students and provide entry-level service positions that teach "foundational" job skills like time management, communication, collaboration, problem solving and critical thinking. In addition, education at work, inc. Provided or secured approximately $2.5m for 928 students to attend post-secondary education.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 94
- Accountability: 37
- Sustainability: 11
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.4%; rating input score 84
- Program expense ratio: 82.1%; rating input score 82
- Fundraising efficiency: $0.07 raised per $1 spent on fundraising; rating input score 0; 0th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 0%; rating input score 0; 2nd 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: -2.8%; rating input score 15; 15th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 7.1%; rating input score 31; 31st percentile among comparable filings
Growth
- Program expense growth: 14.3% per year; rating input score 100; 84th percentile among comparable filings
- Revenue growth: 18.7% per year; rating input score 100; 90th percentile among comparable filings
- Asset growth: 15.3% per year; rating input score 100; 82nd percentile among comparable filings
Details
- Where the money goes: 84.4% of revenue deployed · 82.1% of spending went to programs
- Governance: 0 of 4 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $15.2M in reported program spending
- Leadership: top reported pay $1.7M · 12 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 4 contractors listed · $498K reported
- Consistency: 27 of 27 current checks pass
- Schedules: 6 filed schedules · includes executive pay and related organizations
- Filing history: 7 filing years from 2012 to 2021
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 9 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 — Accountability: Independent voting board scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 0/100.
- High — Sustainability: Operating margin scored 15/100.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Moderate — Sustainability: Officer compensation ratio scored 31/100.