Nonprofit · EIN 84-1648607
EDUCATE
Tax-exempt · DENVER, CO 80203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $9,807,839 | $11,677,466 | -$1,869,627 | $28,744,283 | $6,435,150 | $22,309,133 |
| December 31, 2023 | 990 | $11,066,112 | $9,238,258 | $1,827,854 | $24,476,242 | $309,474 | $24,166,768 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $8,954,708
- Program service revenue
- $2,281
- Investment income
- $848,265
- Net gain from sales of assets
- -$687
- Other revenue
- $2,585
Expenses
- Grants and similar amounts paid
- $162,503
- Compensation of officers, directors and key employees
- $293,512
- Other salaries and wages
- $5,563,884
- Salaries, compensation and benefits (total)
- $6,845,284
- Professional fundraising fees
- $0
- Legal fees
- $28,068
- Accounting fees
- $87,189
- Occupancy
- $122,740
- Travel
- $2,614,085
- Depreciation
- $8,091
- Program services (functional)
- $10,737,040
- Management and general (functional)
- $338,798
- Fundraising (functional)
- $601,628
Balance sheet and other
- Total assets, start of year
- $24,476,242
- Total assets, end of year
- $28,744,283
- Total liabilities, end of year
- $6,435,150
- Net assets, end of year
- $22,309,133
- Net assets without donor restrictions
- $9,164,421
- Net assets with donor restrictions
- $13,144,712
- Gross receipts
- $9,808,526
- Employees
- 14
- Volunteers
- 322
- Year formed
- 2005
- State of legal domicile
- CO
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Boris Bulayev | CEO and Co-Founder Officer | 50 | $141,187 | $6,296 |
| Ivan Ssenfuma | Chief Financial Officer Officer | 50 | $146,029 | $0 |
| Meghan Mahoney | Global Dir. of Research/Measurement/ Highest-paid employee | 50 | $128,610 | $9,186 |
| Alexander Kelly | Global Dir. of Growth/Revenue Highest-paid employee | 50 | $133,100 | $4,352 |
| Kayode Kolade | Deputy Chief Operating Officer Highest-paid employee | 50 | $116,745 | $0 |
| Eric Glustrom | Chair Trustee or director, Officer | 2 | $0 | $0 |
| Amy Kates | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Jeff Aludo | Member Trustee or director | 2 | $0 | $0 |
| Radhika Malpani | Member Trustee or director | 2 | $0 | $0 |
| Nikita Miller | Member Trustee or director | 2 | $0 | $0 |
| Dzingai Mutumbuka | Member Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Boris Bulayev | CEO & Co-Founder Officer | 50 | $179,901 | $17,091 |
| Margaret Appleton | Chief Operating Officer Officer | 50 | $152,250 | $4,495 |
| Alexander Kelly | Global Dir of Growth and Revenue Highest-paid employee | 50 | $130,595 | $7,512 |
| Ivan Ssenfuma | Chief Financial Officer Officer | 50 | $136,043 | $0 |
| Meghan Mahoney | Global Dir of Research, Measurement, & Evaluation Highest-paid employee | 50 | $115,396 | $16,254 |
| Kayode Kolade | Deputy Chief Operating Officer Officer | 50 | $129,348 | $0 |
| Elana Pollack | Director of Talent Highest-paid employee | 50 | $107,863 | $5,634 |
| Eric Glustrom | Chair Trustee or director, Officer | 2 | $0 | $0 |
| Amy Kates | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Jeff Aludo | Member Trustee or director | 2 | $0 | $0 |
| Radhika Malpani | Member Trustee or director | 2 | $0 | $0 |
| Nikita Miller | Member Trustee or director | 2 | $0 | $0 |
| Dzingai Mutumbuka | Member Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1905 N SHERMAN ST STE 200 PMB 1383, DENVER, CO 80203-1132
- Principal officer (990 for 2024)
- Boris Bulayev, 1905 Sherman Street Suite 200 1383, Denver, CO 80203
- Signed the 990
- Boris Bulayev, CEO & Co-Founder
- Phone
- (303) 217-4727
- Return prepared by
- Rogers & Company PLLC
Mission
Educate! is a nonprofit organization incorporated in 2005 under the laws of the State of Colorado with operations in Uganda, Rwanda, Kenya, and Tanzania for the purpose of preparing youth in Africa with the skills to succeed in today's economy. Educate! creates a core learning experience that delivers essential skills youth need to transition to work, particularly in Africa's huge informal economy. This experience combines skills training, mentorship, and practical experience starting a business. Educate! delivers this experience by:1) introducing an employment-focused school subject in secondary education, and2) delivering livelihood boot camps for out-of-school youth, with a focus on marginalized rural girls and young women.
Program accomplishments
- Educate! is a nonprofit organization incorporated in 2005 under the laws of the State of Colorado with operations in Uganda, Rwanda, Tanzania and Kenya for the purpose of preparing youth in Africa with the skills to succeed in today's economy. Educate!'s mission is to develop young leaders and entrepreneurs in Africa. Educate! delivers a practical and relevant model of education to youth in Uganda, Rwanda, and Kenya, comprised of a leadership and entrepreneurship course, interactive teaching, intensive mentorship, experience starting an enterprise.Educate! delivers this experience by:1) introducing an employment-focused school subject in secondary education, and2) delivering livelihood boot camps for out-of-school youth, with a focus on marginalized rural girls and young women.Expenses $10,737,040 · grants $162,503 · revenue $2,281
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 84-1648607
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q33)
- Assets (IRS master file)
- $28,744,283
- Income (IRS master file)
- $9,808,526
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $9,807,839 | $11,677,466 | $28,744,283 | XML |
| 990 | December 2023 | $11,066,112 | $9,238,258 | $24,476,242 | XML |
| 990 | December 2022 | $17,513,135 | $7,163,367 | $22,620,487 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-1648607).
Questions about EDUCATE
- What is the EIN of EDUCATE?
- The employer identification number (EIN) of EDUCATE is 84-1648607.
- Is EDUCATE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to EDUCATE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EDUCATE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of EDUCATE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EDUCATE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of EDUCATE?
- The 990 for the year ended December 31, 2024 names Boris Bulayev.
- Who are the officers and directors of EDUCATE?
- The 990 for the year ended December 31, 2024 lists 11 people; 5 received compensation from the organization, the highest $141,187 (Boris Bulayev, CEO and Co-Founder).
- How much revenue does EDUCATE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $9,807,839, expenses of $11,677,466 and total assets of $28,744,283 at year end.
Other nonprofits in DENVER
- INTERNATIONAL DEVELOPMENT ENTERPRISES EIN 23-2220051 · last filed 990 for 2024
- ENGINEERS WITHOUT BORDERS USA INC EIN 84-1589324 · last filed 990 for 2025
- WOMENS INTERNATIONAL NETWORK FOR GUATEMALAN SOLUTIONS INC EIN 31-1759515 · last filed 990 for 2025
- CHILDREN OF HEROES OF UKRAINE FOUNDATION EIN 88-2709953 · last filed 990 for 2024
- HEALING WATERS INTERNATIONAL INC EIN 46-0472149 · last filed 990 for 2025
- MAIA EIN 68-0652444 · last filed 990 for 2025
- BETTERING HUMAN LIVES FOUNDATION EIN 93-1889794 · last filed 990 for 2025
- CONSCIOUS CAPITALISM INC EIN 20-2238653 · last filed 990 for 2024
All nonprofits in DENVER · Colorado · International, foreign affairs and national security