The Nea Foundation For The Improvement Of Education
- Assets
- $54.4m
- Revenue
- $3.0m
- Investments
- $4.6m
- Employees
- 19
- Location
- Washington, DC
- Founding
- 08/1969
- Data as of
- 08/2021
- EIN
- 23-7035089
Organization Overview
The Nea Foundation For The Improvement Of Education is located in Washington, DC. The organization was established in 1969. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 08/2023, Nea Foundation For The Improvement Of Education employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nea Foundation For The Improvement Of Education 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 08/2021, Nea Foundation For The Improvement Of Education generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $4.7m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Nea Foundation For The Improvement Of Education has awarded 98 individual grants totaling $6,442,125. 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
THE FOUNDATION WORKS IN PARTNERSHIP W/ OTHERS TO PROMOTE THE VERY BEST IN PUBLIC EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY SCHOOLS INITIATIVE - THE NEA FOUNDATION REPRESENTS A NEW PARTNERSHIP AMONG EDUCATORS, ADVOCATES, ORGANIZERS, PARENTS, POLICYMAKERS AND PUBLIC OFFICIALS ACROSS EAST BATON ROUGE PARRISH, LA., LITTLE ROCK, ARK., AND JACKSON, MISS. AT THE LOCAL AND REGIONAL LEVELS, THESE PARTNERSHIPS ARE COMMITTED TO AN EXPANSION OF COMMUNITY SCHOOLS THROUGHOUT THEIR OWN LOCAL EDUCATION AGENCY, INCLUDING RURAL SCHOOLS.
GRANTS TO EDUCATORS - TO IMPROVE STUDENT LEARNING, THE FOUNDATION PROVIDES GRANTS TO INDIVIDUALS AND TEAMS OF EDUCATORS TO SUPPORT INSTRUCTIONAL PRACTICE AND PROFESSIONAL DEVELOPMENT ACROSS ALL SUBJECT AREAS AND GRADE LEVELS. BY DIRECTLY FUNDING EDUCATOR-CONCEIVED AND LED PROJECTS, THE FOUNDATION ENABLES EDUCATORS TO CHART THEIR OWN COURSE TO SOLVE TEACHING AND LEARNING CHALLENGES. THE FOUNDATION GLEANS KNOWLEDGE FROM THESE GRANTS TO SHARE WHAT WORKS WITH THE FIELD AND TO INFORM OUR BROADER BODY OF WORK.
AWARDS FOR TEACHING EXCELLENCE/GALA - THE FOUNDATION PRESENTS THE AWARDS FOR TEACHING EXCELLENCE AT OUR ANNUAL GALA TO HONOR THE CRITICAL WORK THAT PUBLIC SCHOOL EDUCATORS DO EVERY DAY. IN 2023, WE CELEBRATED 46 EXEMPLARY EDUCATORS, ALL FROM DIFFERENT STATES, IN FRONT OF A LIVE AUDIENCE AND ALSO JOINED BY THOUSANDS OF PEOPLE ONLINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Sneed President & CEO | OfficerTrustee | 37.5 | $288,014 |
Valeria Lassiter Chair | OfficerTrustee | 10 | $0 |
Nick Archuleta Vice-Chair | OfficerTrustee | 2 | $0 |
Joy Whitlow Secretary-Treasurer | OfficerTrustee | 2 | $0 |
Aaro Jean Bell Director | Trustee | 1 | $0 |
Daaiyah Bilal-Threats Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ef World Journey's Travel Booking | 8/30/23 | $250,919 |
Nepc Llc Investment Consultant | 8/30/23 | $165,000 |
Education First Consulting Llc Mgmt Consulting/org Review | 8/30/23 | $194,250 |
Leading Authorities Inc Gala Consultant | 8/30/23 | $128,031 |
Ridgewells Catering Gala Catering | 8/30/23 | $114,450 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,078,883 |
| Investment income | $541,407 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $330,990 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,951,280 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $509,248 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $670,595 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $860,671 |
| Pension plan accruals and contributions | $63,247 |
| Other employee benefits | $119,241 |
| Payroll taxes | $114,496 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,040 |
| Fees for services: Accounting | $27,185 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $168,485 |
| Fees for services: Other | $561,709 |
| Advertising and promotion | $21,038 |
| Office expenses | $54,951 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $18,281 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,940 |
| Interest | $578 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,541 |
| Insurance | $24,836 |
| All other expenses | $0 |
| Total functional expenses | $4,728,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $995,976 |
| Savings and temporary cash investments | $728,228 |
| Pledges and grants receivable | $488,525 |
| Accounts receivable, net | $13,333 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $98,112 |
| Investments—publicly traded securities | $47,472,833 |
| Investments—other securities | $4,639,185 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $54,448,457 |
| Accounts payable and accrued expenses | $152,995 |
| Grants payable | $1,285,222 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $201,490 |
| 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 | $59,565 |
| Total liabilities | $1,699,272 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $52,749,185 |
Grants Awarded
Over the last fiscal year, The Nea Foundation For The Improvement Of Education has awarded $1,031,119 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF LITTLE ROCK CO LITTLE ROCK PUBLIC SCHOOLS PURPOSE: COMMUNITY SCHOOLS | $198,000 |
BATESVILLE SCHOOL DISTRICT PURPOSE: COMMUNITY SCHOOLS | $150,000 |
INSTITUTE FOR EDUCATIONAL LEADERSHIP PURPOSE: COMMUNITY SCHOOLS | $141,841 |
RURAL COMMUNITY ALLIANCE PURPOSE: COMMUNITY SCHOOLS | $34,000 |
AEH COMMUNITY HEALTH SERVICES CENTER INC PURPOSE: COMMUNITY SCHOOLS | $150,000 |
LOUISIANA ASSOCIATION OF EDUCATORS PURPOSE: COMMUNITY SCHOOLS | $67,500 |