Nellie Mae Education Foundation Inc

Organization Overview

Nellie Mae Education Foundation Inc is located in Quincy, MA. The organization was established in 1988. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2022, Nellie Mae Education Foundation Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nellie Mae Education Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Nellie Mae Education Foundation Inc generated $94.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 36.0% each year . All expenses for the organization totaled $23.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Nellie Mae Education Foundation Inc has awarded 909 individual grants totaling $68,779,714. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO CHAMPION EFFORTS THAT PRIORITIZE COMMUNITY GOALS THAT CHALLENGE RACIAL INEQUITIES AND ADVANCE EXCELLENT, STUDENT-CENTERED PUBLIC EDUCATION FOR ALL NEW ENGLAND YOUTH.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE NELLIE MAE EDUCATION FOUNDATION ("FOUNDATION") STRATEGY IS INCLUSIVE OF GRANTMAKING, BUILDING THE CAPACITY AND SUSTAINABILITY OF ORGANIZATIONS AND SCHOOLS THAT WORK TO PROMOTE RACIAL EQUITY IN PUBLIC EDUCATION, PARTNERSHIPS AND ADVOCACY EFFORTS, AS WELL AS OTHER SUPPORTING ACTIVITIES. OUR GRANTMAKING ENCOMPASSES FOUR CORE FUNDS STRUCTURED TO REINFORCE ONE ANOTHER IN ADVANCING OUR MISSION AND COMBATTING ANTI-BLACK STRUCTURAL RACISM. ADDITIONALLY, AS PART OF OUR CORE GRANT FUNDS, THE FOUNDATION PROVIDES A ROBUST LEARNING COMMUNITY AND CAPACITY BUILDING SUPPORTS. SEE SCHEDULE O FOR CONTINUATION OF PROGRAM SERVICE ACCOMPLISHMENTS.SUPPORTING EDUCATIONAL ORGANIZATIONS LED BY PEOPLE OF COLOR: ORGANIZATIONS LED BY PEOPLE OF COLOR ARE IN THE BEST POSITION TO ORGANIZE AND LIFT UP THE INVALUABLE VOICES OF STUDENTS AND FAMILIES WHO HAVE BEEN TRADITIONALLY EXCLUDED FROM DECISIONS MADE ABOUT THEIR SCHOOLS. THESE ORGANIZATIONS ARE ADVOCATING FOR RACIAL EQUITY IN NEW ENGLAND SCHOOLS, SUCH AS: IMPLEMENTING CULTURALY RESPONSIVE TEACHING AND LEARNING, DIVERSIFYING THE TEACHER WORKFORCE, ESTABLISHING RESTORATIVE JUSTICE PRACTICES IN SCHOOLS, AND SERVING THE WHOLE CHILD AND FAMILY. BY PROVIDING MULTI-YEAR, GENERAL OPERATING SUPPORT TO ORGANIZATIONS LED BY AND SERVING PEOPLE OF COLOR, FOCUSED ON ADDRESSING RACIAL INEQUITIES IN EDUCATION, WE BELIEVE WE WILL SUPPORT THE INCREASED FINANCIAL FREEDOM AND ORGANIZATIONAL STABILITY NEEDED TO ADVANCE THEIR MISSIONS OVER THE LONG TERM, IN TURN SUPPORTING YOUNG PEOPLE TO PARTICIPATE IN MORE RACIALLY JUST PUBLIC EDUCATION SYSTEMS. THE FOUNDATION DISTRIBUTED $4.7 MILLION TO EDUCATIONAL ORGANIZATIONS LED BY PEOPLE OF COLOR.AMPLYFYING YOUTH VOICE & LEADERSHIP EDUCATIONAL ORGANIZATIONS:YOUTH - PARTICULARLY YOUTH OF COLOR - DIRECTLY EXPERIENCE EDUCATIONAL INEQUITIES, BUT THEIR INPUT IS USUALLY LEFT OUT OF DISCUSSIONS AROUND SOLVING THOSE PROBLEMS. YOUTH NEED SPACE TO ARTICULATE THEIR IDEAS, CONCERNS AND EXPERIENCES, AND SUPPORT TO BUILD THE SKILLS AND CAPACITY TO ARTICULATE, ADVOCATE FOR, AND EFFECT THE CHANGES THEY SEEK IN EDUCATION. YOUTH ORGANIZING CAN ACHIEVE INCREASED IMPACT BY PURSUING SIMILAR GOALS IN COLLOBORATION WITH EACH OTHER. BUT WITHOUT DEDICATED FUNDING, IT CAN BE DIFFICULT FOR YOUTH ORGANIZING GROUPS TO FIND SUFFICIENT RESOURCES TO SHARE BEST PRACTICES AND BUILD CAPACITY. WHEN YOUNG PEOPLE CAN WORK COLLECTIVELY, THEY CAN BUILD POWER, AND INCREASE MOMENTUM AND MOVEMENT TOWARDS SHARED ACTION. THEREFORE, THE FOUNDATION SUPPORTS CAPACITY OF INDIVIDUAL YOUTH ORGANIZING GROUPS WHILE SUPPORTING THEIR COLLABORATION THROUGH A NEW ENGLAND WIDE NETWORK. AS A RESULT, MEMBER ORGANIZATIONS WILL BECOME MORE EFFECTIVE AT PURSUING THEIR AGENDAS AND MOVE TOWARDS MORE COLLABORATIVE AND ALIGNED WORK, INCREASING AND STRENGTHENING THE POWER OF YOUTH VOICE IN THE REGION OVERALL. THE FOUNDATION DISTRIBUTED $3.2 MILLION TO SEVERAL EDUCATIONAL ORGANIZATIONS TO AMPLIFY YOUTH VOICE AND BECOME PART OF THE DECISIONS THAT AFFECT THEIR FUTURE.ADVANCING EDUCATIONAL COMMUNITY-SCHOOL PARTNERSHIPS:WHEN SCHOOLS WORK IN PARTNERSHIPS WITH COMMUNITY-BASED ORGANIZATIONS, STUDENTS ARE BETTER POSITIONED TO RECEIVE THE COMMUNITY SUPPORTS THEY NEED TO THRIVE. WE KNOW WHEN COMMUNITY MEMBERS ARE WELCOMED INTO THE SCHOOL ENVIRONMENT AND PLAY A KEY ROLE IN DECISION MAKING, ALL YOUNG PEOPLE BENEFIT. ROBUST COMMUNITY-SCHOOL PARTNERSHIPS ARE ESSENTIAL TO FOSTERING RELATIONSHIPS OF TRUST AND RESPECT, AND BUILDING THE CAPACITY OF ALL STAKEHOLDERS INSIDE AND OUTSIDE OF THE SCHOOL BUILDING. SUCH PARTNERSHIPS CAN HELP FACILITATE INCLUSIVE DECISION-MAKING PROCESSES, AND LEVERAGE LOCAL RESOURCES AND EXPERTISE TO ADDRESS EDUCATIONAL INEQUITIES. THE ULTIMATE PURPOSE OF THIS GRANT FUND IS TO SUPPORT COMMUNITY-DRIVEN PARTNERSHIPS BETWEEN DISTRICTS AND THEIR COMMUNITIES TO ADVANCE RACIAL EQUITY AND EXCELLENT, STUDENT-CENTERED PUBLIC EDUCATION. THE FOUNDATION DISTRIBUTED $3.8 MILLION TO SEVERAL EDUCATIONAL ORGANIZATIONS TO BEGIN PARTNERHIPS EFFORTS.STRENGTHENING EDUCATIONAL PARTNERSHIPS AND MOVEMENT BUILDING:WHEN ORGANIZATIONS COME TOGETHER AND ARE ABLE TO SHARE KNOWLEDGE, RESOURCES, AND GOALS, THEY ARE BETTER EQUIPPED TO ACHIEVE LASTING CHANGE. WE UNDERSTAND THAT MANY OF THE RACIAL EQUITY BARRIERS THAT EXIST IN OUR EDUCATION SYSTEM ARE IN PART SHAPED BY INEQUITABLE POLICIES, PAST AND PRESENT. WE SUPPORT EXISTING AND EMERGING EDUCATIONAL PARTNERSHIPS, MOVEMENTS, AND COALITIONS THAT ARE LOOKING TO IDENTIFY AND DISMANTLE STATE AND FEDERAL POLICY BARRIES TO ADVANCING RACIAL EQUITY IN PUBLIC EDUCATION. ADDITIONALLY, WE BELIEVE THAT IF WE SUPPORT OUR GRANTEES TO BUILD RELATIONSHIPS WITH EACH OTHER, WHILE SIMULTANEOUSLY BUILDING AND CONNECTING WITH STATE AND NATIONAL COALITIONS, THEN ORGANIZATIONS WILL FIND OPPORTUNITIES TO ALIGN THEIR WORK AND ADVANCE A SHARED VISION FOR EQUITY ON MULTIPLE LEVELS. OUR STRENGTHENING PARTNERSHIPS AND MOVEMENT BUILDING FUND IS COMPRISED OF THREE SUB-FUNDS: 1). ADVOCACY 2). COALITIONS AND 3). PARTNERSHIPS. THE FOUNDATION DISTRIBUTED $3.0 MILLION TO BUILD STATE AND NATIONAL EDUCATIONAL PARTNERSHIPS, COALITIONS, AND MOVEMENT BUILDING.THE FOUNDATION DISTRIBUTED $3.1 MILLION TO EDUCATIONAL ORGANIZATIONS SUPPORTING WORK BOTH INSIDE AND OUTSIDE OF THE FOUR CORE FUNDS.


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Board, Officers & Key Employees

Name (title)Compensation
Prabal Chakrabarti
Director
$0
Betty Fransisco
Director
$24,000
Gregory Gunn
Director
$39,000
Elizabeth Hilpman
Director
$24,000
John Jackson
Director
$20,000
Deborah Jewell-Sherman
Director
$20,000

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ubunto Research & Evaluation
Evaluation Consultant
$487,350
Prime Buchholz & Associates
Investment Consultant
$220,839
Ab Partners
Communications Consultant
$171,061
Diversified Search
Search Consultant
$106,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$100,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$100,000
Total Program Service Revenue$0
Investment income $3,811,583
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $90,672,693
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $94,584,276

Grants Awarded

Over the last fiscal year, Nellie Mae Education Foundation Inc has awarded $18,398,199 in support to 257 organizations.

Grant RecipientAmount

MANCHESTER PUBLIC SCHOOLS

PURPOSE: ADVANCING COMMUNITY-SCHOOL PARTNERSHIPS

$900,000

PIONEER VALLEY PROJECT INC

PURPOSE: ADVANCING COMMUNITY-SCHOOL PARTNERSHIPS

$900,000

WORCESTER EDUCATION COLLABORATIVE (UNITED WAY OF CENTRAL MASSACHUSETTS)

PURPOSE: ADVANCING COMMUNITY-SCHOOL PARTNERSHIPS

$900,000

ROGER WILLIAMS UNIVERSITY

PURPOSE: SUPPORT YOUTH LEADERSHIP INSTITUTE AND NEYON MEMBERSHIP ORGANZATIONS

$545,000

BELOVED COMMUNITY

PURPOSE: TECHNICAL ASSISTANCE PROVIDER FOR ORGANIZATIONS LED BY PEOPLE OF COLOR

$375,719

CENTER FOR LEADERSHIP AND EDUCATIONAL EQUITY

PURPOSE: CLEE FACILITATION OF ACSP LEARNING COMMUNITY

$349,812
View Grant Profile

Peer Organizations

Organization NameAssets
Kipp New York Inc
New York, NY
$36,280,075
Nellie Mae Education Foundation Inc
Quincy, MA
$94,584,276
Fund For Public Schools Inc
New York, NY
$13,679,524
United Federation Of Teachers Educational Foundation Inc
New York, NY
$22,540,487
Ernst & Young Foundation
New York, NY
$27,948,303
The Heckscher Foundation For Children
New York, NY
$9,664,353
Say Yes Buffalo Scholarship Inc
Buffalo, NY
$16,266,147
Mccarton Foundation For Developmental Disabilities Inc
Bronx, NY
$11,841,937
Poughkeepsie Public School Teachers Asso Trust Fund
Poughkeepsie, NY
$13,187,351
Suny Impact Foundation Inc
New York, NY
$13,855,479
Meged Shomayim
Airmont, NY
$11,401,758
Five Colleges Incorporated
Amherst, MA
$10,026,013
Caroline & Joseph S Gruss Life Monument Funds Inc
Brooklyn, NY
$261,332
Friends Of@prospect Schools Ny Inc
Brooklyn, NY
$8,522,248
National Center For Hebrew Language Charter School Excellence
New York, NY
$7,861,983
University Of Massachusetts Amherst Foundation Inc
Amherst, MA
$7,608,755
Futures In Education
Brooklyn, NY
$9,429,112
Prospect Schools Inc
Brooklyn, NY
$6,588,021
Excellence Community Schools Inc
Bronx, NY
$10,443,782
Study Group Solutions Inc
Brooklyn, NY
$4,243,219
Nli Usa Inc
New York, NY
$12,729,094
Edvestors Inc
Boston, MA
$4,636,578
Center For Initiatives In Jewish Education Inc
Brooklyn, NY
$6,052,239
The New York City Center For Charter School Excellence
New York, NY
$9,524,074
Kode With Klossy Inc
New York, NY
$7,643,151

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