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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Prabal Chakrabarti Director | Trustee | 2 | $0 |
Betty Fransisco Director | Trustee | 2 | $24,000 |
Gregory Gunn Director | Trustee | 3 | $39,000 |
Elizabeth Hilpman Director | Trustee | 2 | $24,000 |
John Jackson Director | Trustee | 2 | $20,000 |
Deborah Jewell-Sherman Director | Trustee | 1 | $20,000 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Ubunto Research & Evaluation Evaluation Consultant | 12/30/22 | $487,350 |
Prime Buchholz & Associates Investment Consultant | 12/30/22 | $220,839 |
Ab Partners Communications Consultant | 12/30/22 | $171,061 |
Diversified Search Search Consultant | 12/30/22 | $106,000 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $14,455,349 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,866,023 |
Compensation of current officers, directors, key employees. | $1,382,129 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,585,014 |
Pension plan accruals and contributions | $269,260 |
Other employee benefits | $369,079 |
Payroll taxes | $222,025 |
Fees for services: Management | $0 |
Fees for services: Legal | $63,992 |
Fees for services: Accounting | $81,705 |
Fees for services: Lobbying | $66,000 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $1,409,568 |
Fees for services: Other | $1,037,245 |
Advertising and promotion | $0 |
Office expenses | $92,451 |
Information technology | $109,087 |
Royalties | $0 |
Occupancy | $278,017 |
Travel | $22,255 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $300 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $213,686 |
Insurance | $52,513 |
All other expenses | $0 |
Total functional expenses | $23,289,401 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $227,497 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $424,011 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $641,985 |
Investments—publicly traded securities | $194,142,360 |
Investments—other securities | $390,058,111 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $585,493,964 |
Accounts payable and accrued expenses | $1,795,569 |
Grants payable | $15,427,264 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $17,222,833 |
Net assets without donor restrictions | $568,271,131 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $585,493,964 |
Over the last fiscal year, Nellie Mae Education Foundation Inc has awarded $18,398,199 in support to 257 organizations.
Grant Recipient | Amount |
---|---|
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 |