Box-Plots for Education Hosted By Education Resource Strategies

competition
complete
$7,500

Woohoo! This competition has come to a close!

Many thanks to the participants for all of their hard work and commitment to using data for good!

Summary


Budgets for schools and school districts are huge, complex, and unwieldy. It's no easy task to digest where and how schools are using their resources. Education Resource Strategies is a non-profit that tackles just this task with the goal of letting districts be smarter, more strategic, and more effective in their spending.

Your task is a multi-class-multi-label classification problem with the goal of attaching canonical labels to the freeform text in budget line items. These labels let ERS understand how schools are spending money and tailor their strategy recommendations to improve outcomes for students, teachers, and administrators.

Letter to competitors


Dear competitor,

Thank you for signing up! We're thrilled to have you on board. We wanted to start off by explaining why this competition is so important to us.

At ERS, our primary work is helping school districts use their resources more strategically—this is easier said than done. Unlike companies, which often benefit from the financial transparency and/or public analysis of their peers, school districts often have no reliable ways to compare their spending to other districts. While some (though not all) of these expenditures are public, the comparisons are not "apples to apples," since there are no standardized reporting structures. As a result, superintendents, CFOs, principals, and other district decision-makers are left in the dark.

In order to compare budget or expenditure data across districts, ERS assigns every line item to certain categories in a comprehensive financial spending framework. For instance, Object_Type describes what the spending "is"—Base Salary/Compensation, Benefits, Stipends & Other Compensation, Equipment & Equipment Lease, Property Rental, and so on. Other categories describe what the spending "does," which groups of students benefit, and where the funds come from.

Once this process is complete, we can finally offer cross-district insight into a partner's finances. We might observe that a particular partner spends more on facilities and maintenance than peer districts, or staffs teaching assistants more richly. These findings are not in themselves good or bad—they depend on the context, goals, and strategy of the partner district.

Balancing decisions

This task (which we call financial coding) is very time and labor-intensive. This limits our ability to provide this analysis to districts. It typically takes us several weeks to reliably code a financial file. Furthermore, the challenges of financial coding put a limit on the quality of our comparisons, since the only districts in our comparison database are those with whom we've gone through this lengthy, laborious process.

The right algorithm, paired with some human checks, will allow us to code financial files more accurately, more quickly, and more cheaply. As a result, we will be able to offer these valuable insights to many more districts at a much lower cost, greatly extending our impact. Eventually, we hope to offer a free self-service version of the algorithm through our website, which would allow any district to upload their data and receive comparisons to similar districts on a time scale of days or even hours.

Financial decisions are never easy, but they are certainly easier with an awareness of the choices of your peers. We are excited to have you with us as we build toward that world of greater financial transparency.

Best,




Dan Turcza

ERS