Nicaraguan Education Resource Center
- Assets
- $1.7m
- Revenue
- $954.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Oakland, CA
- Founding
- 10/2015
- Data as of
- 12/2021
- EIN
- 47-4997229
Organization Overview
Nicaraguan Education Resource Center is located in Oakland, CA. The organization was established in 2015. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Nicaraguan Education Resource Center employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nicaraguan Education Resource Center 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, Nicaraguan Education Resource Center generated $954.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $363.9k during the year ending 12/2021. While expenses have increased by 28.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CREA INSPIRES NICARAGUANS TO EMPOWER THEMSELVES AND THEIR COMMUNITIES BY PROVIDING EDUCATIONAL RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC SUCCESS. THE ACADEMIC SUCCESS INITIATIVE PROVIDES EDUCATIONAL OPPORTUNITIES TO CHILDREN AND YOUTH WHO OTHERWISE WOULD HAVE LITTLE ACCESS. ACADEMIC ENRICHMENT AT CREA AND THE LOCAL SCHOOLS PROVIDE PRIMARY, SECONDARY, AND UNIVERSITY ACADEMIC SUPPORT. THE COLLEGE ENTRANCE AND EXAM PROGRAM PREPARES YOUNG PEOPLE FROM RURAL COMMUNITIES TO TAKE THE UNIVERSITY ENTRANCE EXAMS AT NICARAGUAS PUBLIC UNIVERSITIES IN MANAGUA. THE COURSE COACHING: ACCELERATION AND REMEDIATION PROGRAM PROVIDES EXTRACURRICULAR HELP TO THOSE AT RISK OF DROPPING OUT OF SCHOOL.
YOUTH DEVELOPMENT. THE YOUTH DEVELOPMENT INITIATIVE IS DESIGNED TO CREATE THE LEADERS OF TOMORROW, TODAY. THROUGH THE LEADERSHIP DEVELOPMENT AND COMMUNITY HEALTH PROGRAMS, AND THE SOCIAL EMPOWERMENT, ENGLISH LITERACY, AND CULTURAL LITERACY PROJECTS, YOUTH LEARN TO PUT THEIR DREAMS INTO GOALS AND BE ACTIVE SOCIAL AGENTS FOR POSITIVE CHANGE. AT THE CULMINATION OF THEIR SECONDARY SCHOOL DEGREE, ELIGIBLE YOUTH ARE ABLE TO APPLY FOR A SCHOLARSHIP TO ATTEND UNIVERSITY.
LIBRARY SERVICES. THE LIBRARY SERVICES INITIATIVE CREATES A LOVE FOR READING IN THE RURAL COMMUNITIES SERVED BY CREA PROGRAMMING. IN ADDITION TO LOANING BOOKS, THE MOMMY AND ME, READING CLUBS, AND MOBILE LIBRARY PROGRAMS SPECIFICALLY TARGET CHILDREN, YOUTH, AND ADULTS IN ORDER TO PROMOTE AND ENCOURAGE READING DEVELOPMENT AT ALL LEVELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corrie Burdett Executive Dir. | Trustee | 40 | $71,500 |
Steve Merritt President,chair | OfficerTrustee | 15 | $0 |
Michelle Chackerian Treasurer | OfficerTrustee | 50 | $0 |
Scott Hagg Secretary | OfficerTrustee | 15 | $0 |
Tessa Gunther Board Member | Trustee | 15 | $0 |
Bert Snarr Board Member | Trustee | 2 | $0 |
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 | $922,110 |
| Noncash contributions included in lines 1a–1f | $14,490 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $922,110 |
| Total Program Service Revenue | $10,416 |
| Investment income | $21,873 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $954,399 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $71,500 |
| Compensation of current officers, directors, key employees. | $2,368 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,064 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,781 |
| Payroll taxes | $7,338 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,774 |
| Fees for services: Accounting | $7,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,605 |
| Office expenses | $9,498 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,582 |
| Travel | $1,752 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,325 |
| Insurance | $2,615 |
| All other expenses | $21,387 |
| Total functional expenses | $363,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,264,783 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $456,720 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,002 |
| Total assets | $1,722,505 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $14,813 |
| Total liabilities | $14,813 |
| Net assets without donor restrictions | $1,105,566 |
| Net assets with donor restrictions | $602,126 |
| 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 | $1,722,505 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Nicaraguan Education Resource Center has recieved totaling $634,252.
| Awarding Organization | Amount |
|---|---|
Columbus Foundation Columbus, OH PURPOSE: EDUCATION | $500,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $86,050 |
Minneapolis Foundation Minneapolis, MN PURPOSE: DONOR-RECOMMENDED, EDUCATION | $28,450 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $9,154 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,361 |
John & Susan Dewan Foundation Chicago, IL PURPOSE: ACADEMIC SUCCESS AND OUTREACH PROGRAM FOR NEEDY STUDENTS IN RURAL NICARAGUA | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Foundation San Francisco, CA | $136,274,072 | $130,699,963 |
The Chicago School - California Inc Los Angeles, CA | $127,785,110 | $98,235,232 |
Social Good Fund Richmond, CA | $64,387,201 | $85,650,973 |
Avid Center San Diego, CA | $134,506,037 | $61,146,519 |
Khan Academy Inc Mountain View, CA | $115,035,528 | $59,263,743 |
California School Employees Association San Jose, CA | $160,720,307 | $80,296,309 |
Prager University Foundation Sherman Oaks, CA | $86,724,321 | $65,499,557 |
The Oakland Public Education Fund Oakland, CA | $29,835,630 | $28,210,005 |
Unicare Community Health Center Inc Ontario, CA | $12,734,998 | $31,780,162 |
Spectrum Healthcare Group Inc Cottonwood, AZ | $17,862,058 | $29,292,227 |
University Studies Abroad Consortium Reno, NV | $41,233,258 | $28,044,577 |
Califa Group San Francisco, CA | $13,975,341 | $20,958,873 |