Education Resource Strategies Inc
Education Resource Strategies Inc. shows strong revenue growth and asset accumulation, with no reported officer compensation.
EIN: 201978102 · Watertown, MA · NTEE: B90 · Updated: 2026-03-28
Is Education Resource Strategies Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Education Resource Strategies Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Education Resource Strategies Inc
Education Resource Strategies Inc (EIN: 201978102) is a nonprofit organization based in Watertown, MA, classified under NTEE code B90. The organization reported total revenue of $17.4M and total assets of $16.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Education Resource Strategies Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Education Resource Strategies Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Education Resource Strategies Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity with annual revenues exceeding $17 million. This suggests either a unique compensation structure where officers are not paid, or that compensation is reported under different categories, impacting transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Education Resource Strategies Inc's IRS 990 filings:
- Consistent 0% officer compensation reported for a large organization, raising transparency concerns about executive pay.
- Significant increase in liabilities from $349,093 in 2020 to $7,115,041 in 2023, requiring further scrutiny.
Strengths
The following positive indicators were identified for Education Resource Strategies Inc:
- Strong revenue growth, with latest revenue at $17,929,911.
- Consistent asset growth, reaching $21,719,071 in 2023.
- Positive net income in the latest filing (202312), with revenues exceeding expenses by over $1.2 million.
- Long filing history (13 filings) indicates established operations.
Frequently Asked Questions about Education Resource Strategies Inc
Is Education Resource Strategies Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Education Resource Strategies Inc (EIN: 201978102) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Education Resource Strategies Inc spend its money?
Education Resource Strategies Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Education Resource Strategies Inc tax-deductible?
Education Resource Strategies Inc is registered as a tax-exempt nonprofit (EIN: 201978102). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How are the organization's officers compensated if 0% officer compensation is consistently reported?
The IRS 990 filings consistently show 0% officer compensation. This is highly unusual for an organization of this size and revenue, suggesting that executive compensation might be categorized differently or that officers are unpaid volunteers. Further investigation into their detailed financial statements would be needed to understand this.
What is the detailed breakdown of program, administrative, and fundraising expenses?
While overall expenses are reported, the provided data does not offer a granular breakdown of spending into program, administrative, and fundraising categories. This makes it difficult to precisely assess spending efficiency in these areas.
Why have liabilities increased significantly in recent years?
Liabilities have increased from $349,093 in 2020 to $7,115,041 in 2023. While assets have also grown substantially, the increase in liabilities warrants further examination to understand their nature (e.g., long-term debt, program-related liabilities).
Filing History
IRS 990 filing history for Education Resource Strategies Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Education Resource Strategies Inc's revenue has grown by 429.3%, moving from $3.4M to $17.9M. Total assets increased by 238.6% over the same period, from $6.4M to $21.7M. Total functional expenses rose by 318%, from $4.0M to $16.7M. In its most recent filing year (2023), Education Resource Strategies Inc reported a surplus of $1.3M, with revenue exceeding expenses. The organization holds $7.1M in liabilities against $21.7M in assets (debt-to-asset ratio: 32.8%), resulting in net assets of $14.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $17.9M | $16.7M | $21.7M | $7.1M | — | View 990 |
| 2022 | $11.4M | $13.4M | $18.5M | $6.0M | — | — |
| 2021 | $10.1M | $10.6M | $16.9M | $1.0M | — | View 990 |
| 2020 | $11.8M | $8.9M | $16.2M | $349K | — | — |
| 2019 | $11.0M | $9.2M | $13.3M | $697K | — | View 990 |
| 2018 | $9.9M | $9.1M | $10.5M | $393K | — | View 990 |
| 2017 | $8.9M | $9.9M | $11.5M | $1.6M | — | View 990 |
| 2016 | $6.5M | $9.4M | $11.5M | $907K | — | View 990 |
| 2015 | $14.2M | $8.5M | $13.7M | $573K | — | View 990 |
| 2014 | $6.7M | $7.0M | $7.9M | $364K | — | View 990 |
| 2013 | $8.4M | $6.0M | $8.2M | $384K | — | View 990 |
| 2012 | $4.2M | $4.9M | $5.8M | $436K | — | View 990 |
| 2011 | $3.4M | $4.0M | $6.4M | $221K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $17.9M, expenses of $16.7M, and assets of $21.7M (revenue +57.7% year-over-year).
- 2022: Revenue of $11.4M, expenses of $13.4M, and assets of $18.5M (revenue +12.6% year-over-year).
- 2021: Revenue of $10.1M, expenses of $10.6M, and assets of $16.9M (revenue -14.4% year-over-year).
- 2020: Revenue of $11.8M, expenses of $8.9M, and assets of $16.2M (revenue +6.8% year-over-year).
- 2019: Revenue of $11.0M, expenses of $9.2M, and assets of $13.3M (revenue +11.3% year-over-year).
- 2018: Revenue of $9.9M, expenses of $9.1M, and assets of $10.5M (revenue +11.6% year-over-year).
- 2017: Revenue of $8.9M, expenses of $9.9M, and assets of $11.5M (revenue +37.1% year-over-year).
- 2016: Revenue of $6.5M, expenses of $9.4M, and assets of $11.5M (revenue -54.2% year-over-year).
- 2015: Revenue of $14.2M, expenses of $8.5M, and assets of $13.7M (revenue +112.2% year-over-year).
- 2014: Revenue of $6.7M, expenses of $7.0M, and assets of $7.9M (revenue -20.7% year-over-year).
- 2013: Revenue of $8.4M, expenses of $6.0M, and assets of $8.2M (revenue +101.6% year-over-year).
- 2012: Revenue of $4.2M, expenses of $4.9M, and assets of $5.8M (revenue +23.2% year-over-year).
- 2011: Revenue of $3.4M, expenses of $4.0M, and assets of $6.4M.
Data Sources and Methodology
This transparency report for Education Resource Strategies Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.