The Education Resources Institute Inc

Nonprofit profile at a glance

EIN
042875329
IRS 990 coverage
2009–2010
Forms available
Form 990 2010
Location
Boston, MA, USA
Phone
6175356834
Rating confidence
Limited
Sector
Scholarships, Student Financial Aid Services, Awards

Official website

Reported finances

Revenue
$48,148,236
Expenses
$24,435,274
Assets
$12,445,451
Liabilities
$1,586,928

Source: IRS Form 990. Selected filing: tax year 2010. Amounts in USD.

Leadership & pay

17 people listed

Source: IRS Form 990. Selected filing: tax year 2010. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

TERI's principal purpose is to promote programs that provide support for financing and other intiatives to assist students and their families in obtaining greater access to educational opportunities and acheive their educational goals.

What it reported doing in 2010

College Access and Success Programs: TERI offers comprehensive information, guidance and practical help to assist underserved individuals to achieve their postsecondary educational goals. TERI's local college access program consists of College Planning Centers (CPCs) and school-based programs in urban communities. TERI's CPCs served an estimated 25,000 individuals through outreach, Center visits, phone calls, and email. 15,000 were served directly and about 10,000 received information and assistance through phone and email. TERI's school-based activities served 3,800 students, 680 of the students were high school seniors and roughly 74% of those seniors enrolled in programs of postsecondary education. The remaining 3,120 students served were in grades 6-11 and participated in college campus tours, summer programs, standardized tests, and received assistance in selecting college preparatory courses and researching colleges and scholarships.

Operating model

Revenue model
Other-operating. 93% of the money available for current operations came from other operating revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 100
  • Accountability: 93
  • Sustainability: 63
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 59th percentile among comparable filings
  • Pay-setting controls: 6 of 6 controls in place; rating input score 100
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • 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: 87.5%; rating input score 88; 23rd percentile among comparable filings
  • Governance controls: 9 of 9 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: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 49.2%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 0.51; rating input score 21; 21st percentile among comparable filings
  • Liabilities to assets ratio: 0.13; rating input score 81; 81st percentile among comparable filings
  • Officer compensation ratio: 10%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 122.5% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: -192.8% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 7 of 8 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $20.1M in reported program spending
  • Leadership: top reported pay $483K · 17 people listed · 6 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 2 filing years from 2009 to 2010
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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 — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 21/100.
  • High — Sustainability: Officer compensation ratio scored 10/100.