2025-05-12T16:53:23-05:00 2024-06-30 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2023-07-01 261525207 ARRAY EDUCATION INC ARRA 6468938528 25 BROADWAY 3RD FLOOR NEW YORK NY 10004 YVONNE CHAO PARTNER 6468938528 2025-05-08 1 1 MICHELLE CAIN P00150750 5854231860 2025-05-08 2023 2025-03-06 01:10:19Z NORMAN ATKINS 25 BROADWAY 3RD FLOOR NEW YORK NY 10004 40854437 0 X WWW.ARRAYEDUCATION.ORG X 2007 DE SEE SCHEDULE O 7 5 82 100 0 0 3284684 5982070 12285918 10229492 5287497 8081332 0 0 20858099 24292894 2850535 1350651 0 0 11268767 11974190 0 0 0 4017511 3954353 18136813 17279194 2721286 7013700 57295344 58234516 1077503 839568 56217841 57394948 X ARRAY EDUCATION IS AN INNOVATION STUDIO THAT SUPPORTS, CONNECTS, AND INVESTS IN TEACHING AND LEARNING PROJECTS STARTING WITH EARLY LITERACY AND CONTINUING THROUGH THE STRONG LAUNCH OF A YOUNG PERSON'S CAREER. 0 0 15949576 1350651 10229492 ARRAY EDUCATION'S VARIOUS PROGRAMS HAVE ACHIEVED MEANINGFUL ACCOMPLISHMENTS IN THE YEAR ENDED JUNE 30, 2024. THE COLLEGE SCHOLARS PROGRAM SERVED 430 INDIVIDUALS, INCLUDING 229 STUDENTS WHO RECEIVED SCHOLARSHIPS. THE PURPOSE PROGRAM TRAINED NEARLY 780 EDUCATORS ACROSS 79 SCHOOLS SERVING 16,000 STUDENTS TO ENABLE THE EDUCATORS TO TEACH AND INSTILL PURPOSE IN THEIR STUDENTS. THE LITERACY PROGRAM PARTNERED WITH 11 ORGANIZATIONS TO SUPPORT OVER 50 SCHOOLS ACROSS THE U.S. TO SUPPORT HIGH QUALITY READING INSTRUCTION POWERED BY THE SCIENCE OF READING. THE CAREER-FOCUSED PROGRAM OPERATED A LEARN AND EARN INTERNSHIP PROGRAM FOR HIGH SCHOOL STUDENTS, SERVING OVER 80 PARTICIPANTS ACROSS 5 CITIES. THE EDUCATOR PROFESSIONAL DEVELOPMENT PROGRAM PARTNERED WITH OVER 210 SCHOOLS, DISTRICTS, AND EDUCATION ORGANIZATIONS TO PROVIDE PROFESSIONAL DEVELOPMENT TRAINING AND/OR INSTRUCTIONAL TOOLS TO OVER 1,250 TEACHERS. 15949576 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 88 0 82 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X YVONNE CHAO 6468938528 25 BROADWAY 3RD FLOOR NEW YORK NY 10004 LARRY ROBBINS CHAIR AND DIRECTOR 1.00 X X 0 0 0 BOB KARR DIRECTOR 1.00 X 0 0 0 RICH BUERY DIRECTOR 1.00 X 0 0 0 ALICIA JOHNSON DIRECTOR 1.00 X 0 0 0 SHELLEY SANDERS KEHL DIRECTOR 1.00 X 0 0 0 DAVID LEVIN DIRECTOR, SECRETARY, AND PARTNER 40.00 X X 363900 0 35700 NORMAN ATKINS DIRECTOR AND MANAGING PARTNER 40.00 X X 398009 0 48095 YVONNE CHAO PARTNER AND OFFICER 40.00 X 213079 0 43048 NIKKI BRIDGES EXECUTIVE DIRECTOR, LIT 40.00 X 252985 0 19420 DOUG LEMOV FOUNDER AND CHIEF KNOWLEDGE OFFICER, TLAC 40.00 X 216255 0 41487 TWINKLE MORGAN EXECUTIVE DIRECTOR, CCS 40.00 X 209406 0 10851 DARRYL WILLIAMS CEO, TLAC 40.00 X 240054 0 35929 ERICA WOOLWAY PRESIDENT AND CHIEF ACADEMIC OFFICER, TLAC 40.00 X 196250 0 8395 2089938 0 242925 8 0 1 0 THE COLLEGE OF NEW JERSEY 2000 PENNINGTON ROAD EWING NJ 086280718 PROGRAM SERVICES 248327 1 5982070 5982070 PROGRAM REVENUE 611600 6285409 6285409 TRAINING REVENUE 611600 3765774 3765774 SUBSCRIPTION FEES 611600 178309 178309 10229492 5233762 5233762 19409113 16561543 2847570 2847570 2847570 24292894 10229492 0 8081332 1350651 1350651 1078972 997885 81087 9009527 8441783 567744 328374 304912 23462 862651 796634 66017 694666 638974 55692 47611 32604 15007 55465 2270 53195 335228 17576 317652 26127 25534 593 362153 309155 52998 222954 177697 45257 45585 28961 16624 PROGRAM EXPENSE 2683765 2679770 3995 STAFF RECRUITMENT AND D 154993 124698 30295 PRODUCT DEVELOPMENT 20472 20472 17279194 15949576 1329618 0 1276616 835543 10183535 12208780 419980 2014175 2070949 3173565 89638 226357 241706 96532 100746 145174 31383639 34812388 11666225 4602116 104016 216418 57295344 58234516 760605 425373 211566 354147 105332 60048 1077503 839568 X 25600092 28764093 30617749 28630855 56217841 57394948 57295344 58234516 7013700 -5836593 0 X X 0 1 X 1 0 X 10048437 2219235 5600152 3284684 5982070 27134578 10048437 2219235 5600152 3284684 5982070 27134578 2875217 24259361 1452482 1758698 2664260 7110713 5233762 18219915 45354493 32434940 0.53490 0.51630 X SCHEDULE A, PART II, SECTION A, LINE 1 THE ORGANIZATION RECEIVED AN UNUSUAL GRANT FROM AN UNRELATED PRIVATE FOUNDATION ON 11/24/2020. THE GRANT IS A PLEDGE OF $25,000,000 OVER 5 YEARS WITH A NET REALIZABLE VALUE OF $24,336,378. THE GRANT IS ANTICIPATED TO SUPPORT THE MISSION OF THE ORGANIZATION FOR A NUMBER OF YEARS, AND THE TOTAL AMOUNT OF THE GRANT IS GREATER THAN THE SUM OF ALL OTHER CONTRIBUTIONS FOR THE LAST FIVE YEARS. THEREFORE THIS GRANT IS EXCLUDED FROM THE PUBLIC SUPPORT PERCENTAGE CALCULATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5875 5098 777 235831 91434 144397 145174 JPM SHORT DURATION BD FC - CL I 4602116 F 4602116 LEASE LIABILITY - OPERATING 60048 60048 X 18491308 -5836593 35007 -5801586 24292894 0 24292894 17314201 35007 35007 17279194 0 17279194 PART X, LINE 2: ARRAY IS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AEV IS A FOR-PROFIT ENTITY. THE ORGANIZATION FILES TAX RETURNS IN VARIOUS JURISDICTIONS AND IS SUBJECT TO POTENTIAL EXAMINATION BY TAXING AUTHORITIES. THE ORGANIZATION'S CURRENT AND PRIOR THREE YEARS TAX RETURNS REMAIN SUBJECT TO REVIEW BY TAXING AUTHORITIES. MANAGEMENT OF THE ORGANIZATION BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. UNITED KINGDOM 0 0 PROGRAM SERVICES TRAINING AND CONSULTING SERVICES AND CURRICULAR MATERIALS 670834 AUSTRALIA 0 0 PROGRAM SERVICES TRAINING AND CONSULTING SERVICES AND CURRICULAR MATERIALS 25925 SPAIN 0 0 PROGRAM SERVICES TRAINING AND CONSULTING SERVICES AND CURRICULAR MATERIALS 5500 CHILE 0 0 PROGRAM SERVICES TRAINING AND CONSULTING SERVICES AND CURRICULAR MATERIALS 2150 0 0 0 0 0 0 704409 0 704409 0 0 0 0 0 0 PART I, LINE 2: THE ORGANIZATION WORKS WITH GRANTEES TO VERIFY THAT THE FUNDS ARE USED FOR THE INTENDED PURPOSE TO ADVANCE THE MISSION OF THE ORGANIZATION. PART I, LINE 3: ACCRUAL METHOD OF ACCOUNTING 1 SCHOLARSHIPS FOR ACADEMICALLY TALENTED, HIGHLY MOTIVATED STUDENTS WITH FINANCIAL NEED. 229 1350651 FMV SCHOLARSHIPS FOR STUDENTS IN COLLEGE SCHOLARSHIP PROGRAM PART I, LINE 2: GRANTS ARE MONITORED BY THE ORGANIZATION'S FINANCE PERSONNEL, WITH SUPPORT OF APPLICABLE PROGRAM PERSONNEL, THROUGH THE UTILIZATION OF COST CENTERS AND OTHER INFORMATION, INCLUDING WRITTEN DOCUMENTATION AND RECEIPTS. X X X 0 1 0 0 0 0 0 0 0 NORMAN ATKINS DIRECTOR AND MANAGING PARTNER 398009 0 0 0 0 0 35700 0 12395 0 446104 0 0 0 DAVID LEVIN DIRECTOR, SECRETARY, AND PARTNER 363900 0 0 0 0 0 35700 0 0 0 399600 0 0 0 DARRYL WILLIAMS CEO, TLAC 240054 0 0 0 0 0 0 0 35929 0 275983 0 0 0 NIKKI BRIDGES EXECUTIVE DIRECTOR, LIT 252985 0 0 0 0 0 7722 0 11698 0 272405 0 0 0 DOUG LEMOV FOUNDER AND CHIEF KNOWLEDGE OFFICER, 216255 0 0 0 0 0 9183 0 32304 0 257742 0 0 0 YVONNE CHAO PARTNER AND OFFICER 213079 0 0 0 0 0 31274 0 11774 0 256127 0 0 0 TWINKLE MORGAN EXECUTIVE DIRECTOR, CCS 209406 0 0 0 0 0 8896 0 1955 0 220257 0 0 0 ERICA WOOLWAY PRESIDENT AND CHIEF ACADEMIC OFFICER 196250 0 0 0 0 0 8395 0 0 0 204645 0 0 0 PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATE IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN AND RECEIVE EMPLOYER PAID AMOUNTS THAT ARE INCLUDED IN DEFERRED COMPENSATION. THE AMOUNTS REPORTED AS DEFERRED COMPENSATION INCLUDES EMPLOYER CONTRIBUTIONS TO BOTH A 457(B) RETIREMENT PLAN AND A 401(K) RETIREMENT PLAN. NORMAN ATKINS $35,700 401(K) AND 457(B) PLANS DAVID LEVIN $35,700 401(K) AND 457(B) PLANS YVONNE CHAO $31,274 401(K) AND 457(B) PLANS FORM 990, PART I, LINE 1: ARRAY EDUCATION IS AN INNOVATION STUDIO THAT SUPPORTS, CONNECTS, AND INVESTS IN TEACHING AND LEARNING PROJECTS STARTING WITH EARLY LITERACY AND CONTINUING THROUGH THE STRONG LAUNCH OF A YOUNG PERSON'S CAREER. TO THIS END, ARRAY OPERATES FIVE KEY PROGRAMS - A COLLEGE SCHOLARSHIP PROGRAM TARGETING HIGH-POTENTIAL, UNDERREPRESENTED STUDENTS FROM ESSEX COUNTY, NJ; A PURPOSE-FOCUSED PROGRAM WORKING WITH STUDENTS AND ADULTS TO HELP THEM TO EXPLORE, ARTICULATE, AND PURSUE THEIR PURPOSE; A GLOBAL EDUCATION PROGRAM FOCUSED ON IMPROVING STUDENT LEARNING BY DEVELOPING SCHOOL LEADERS; A PROFESSIONAL DEVELOPMENT DEVELOPMENT AND TRAINING PROGRAM SERVING TEACHERS, SCHOOL LEADERS, AND SCHOOL ORGANIZATIONS WHO SEEK TO IMPROVE INSTRUCTION; A LITERACY PROGRAM PARTNERING WITH SCHOOLS AND NONPROFIT ORGANIZATIONS TO SUPPORT HIGH QUALITY READING INSTRUCTION; AND A CAREER-FOCUSED PROGRAM ACCELERATE STUDENTS INTO PURPOSE-FILLED LIVES THAT LEAD TO ECONOMIC FREEDOM. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FEDERAL FORM 990 WAS PROVIDED TO AND MADE AVAILABLE TO ITS BOARD FOR REVIEW BY ITS MEMBERS PRIOR TO FILING WITH THE IRS. AS PART OF THE TAX RETURN PREPARATION PROCESS THE ORGANIZATION HIRED A PROFESSIONAL CPA FIRM WITH EXPERIENCE AND EXPERTISE IN NOT-FOR-PROFIT TAX RETURN PREPERATION TO PREPARE THE FEDERAL FORM 990. THE CPA FIRM PREPARED A DRAFT FEDERAL FORM 990 AND FURNISHED IT TO THE ORGANIZATION'S FINANCE PERSONNEL FOR THEIR REVIEW. THE ORGANIZATION'S FINANCE PERSONNEL REVIEWED THE DRAFT FEDERAL FORM 990 WHERE NECESSARY AND A FINAL DRAFT WAS FURNISHED BY THE CPA FIRM TO THE ORGANIZATION'S FINANCE PERSONNEL FOR FINAL REVIEW AND APPROVAL PRIOR TO PRESENTATION OF THE FEDERAL FORM 990 TO THE ORGANIZATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY PERIODICALLY. ALL MEMBERS OF THE BOARD OF DIRECTORS, OFFICERS AND SENIOR MANAGEMENT PERSONNEL ARE REQUIRED TO REVIEW THE EXISTING CONFLICT OF INTEREST POLICY AND COMPLETE A QUESTIONNAIRE. THE COMPLETED QUESTIONNAIRES ARE RETURNED TO THE ORGANIZATION'S CENTRAL FINANCE AND OPERATIONS TEAM FOR REVIEW. THE ORGANIZATION'S PARTNER PREPARES A SUMMARY OF THE COMPLETED QUESTIONNAIRES WHICH CONTAINS INFORMATION DISCLOSED ON AN INDIVIDUAL BY INDIVIDUAL BASIS. THEREAFTER, THE ORGANIZATION'S PARTNER SHARES THE SUMMARY WITH THE BOARD OF DIRECTORS FOR ITS REVIEW. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE EXECUTIVE OFFICER OF THE ORGANIZATION WAS ORIGINALLY DISCUSSED AND DETERMINED BY THE BOARD OF DIRECTORS, TAKING INTO ACCOUNT COMPENSATION PACKAGES OF COMPARABLE ORGANIZATIONS AND APPLICABLE SALARY DATA. CHANGES TO THE EXECUTIVE OFFICER'S COMPENSATION PACKAGE BEYOND A STANDARD ORGANIZATIONAL ANNUAL COST OF LIVING INCREASE ARE DETERMINED BY THE BOARD AS NEEDED. THE OFFER OF EMPLOYMENT AND ANY SIGNIFICANT CHANGES IN COMPENSATION PACKAGE FOR THE EXECUTIVE OFFICER ARE FORMALLY MADE BY THE BOARD CHAIR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. PART XII, LINE 2C EXPLANATION THE BOARD HAS NOT CHANGED ITS PROCESS FOR SELECTING THE INDEPENDENT AUDITOR NOR HAVE THEY CHANGED THE OVERSIGHT OF THE AUDIT FROM PRIOR YEARS. ARRAY EDUCATION VENTURES INC 25 BROADWAY 3RD FLOOR NEW YORK NY 10004 933084900 WORK WITH FOR-PROFIT EDUCATION TECHNOLOGY VENTURES NY ARRAY EDUCATION INC C 7800 82800 1.00000 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 ARRAY EDUCATION VENTURES INC B 75000 CASH ARRAY EDUCATION VENTURES INC Q 82800 CASH