Center For Excellence In Education
- Assets
- $10.3m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 27
- Location
- McLean, VA
- Founding
- 02/1983
- Data as of
- 12/2023
- EIN
- 52-1256563
Organization Overview
Center For Excellence In Education is located in McLean, VA. The organization was established in 1983. According to its NTEE Classification (U34) the organization is classified as: Mathematics, under the broad grouping of Science & Technology and related organizations. As of 12/2023, Center For Excellence In Education employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Excellence In 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 12/2023, Center For Excellence In Education generated $4.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $3.5m during the year ending 12/2023. While expenses have increased by 3.4% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH ITS PROGRAMS, THE CENTER SEEKS HIGH ACHIEVING HIGH SCHOOL AND UNIVERSITY STUDENTS FROM DIVERSE ECONOMIC AND CULTURAL BACKGROUNDS TO FURTHER DEVELOP THEIR MATHEMATICAL AND SCIENTIFIC SKILLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH SCIENCE INSTITUTE AT MIT, 100 HIGH SCHOOL STUDENTS FROM THE US AND ABROAD YIELDED WINNERS IN NATIONAL MATH AND SCIENCE COMPETITIONS AND ASSISTED STUDENTS IN GAINING ADMISSION TO TOP TIER UNIVERSITIES. IN-KIND DONATIONS OF ROOM AND BOARD, FACILITIES AND OTHER RELATED EXPENSES TO HOUSE STAFF AND STUDENTS WERE PROVIDED BY MIT.
AFTER TWO ROUNDS OF THE USA BIOLYMPIAD (USABO) COMPETITION, THE 20 TOP SCHOLARS WERE SELECTED FROM OVER 11,000 PARTICIPANTS; THESE SCHOLARS WERE TRAINED FOR TWO-WEEKS IN PERSON WHERE THE TOP FOUR SCHOLARS WERE IDENTIFIED AS THE USA BIOLYMPIAD TEAM. THE TEAM COMPETEED IN THE INTERNATIONAL BIOLOGY OLYMPIAD IN UNITED ARAB EMIRATES.
THE TEACHER ENRICHMENT PROGRAM IS A THREE-COMPONENT PROFESSIONAL DEVELOPMENT PROGRAM AVAILABLE TO RURAL AND URBAN MIDDLE AND HIGH SCHOOL TEACHERS TO STRENGTHEN THEIR STEM PROFESSIONAL DEVELOPMENT. TEP IS AVAILABLE COST-FREE TO TEACHERS LOCATED IN CALIFORNIA, FLORIDA, MARYLAND, PENNSYLVANIA, TEXAS, VIRGINIA AND WEST VIRGINIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Kantrowitz Director Of Rsi Mit Program | Trustee | 40 | $170,000 |
Mel Chaskin Chairman | Trustee | 5 | $0 |
Steven P Strong Board Member | Trustee | 1 | $0 |
Pranav Adani Board Member | Trustee | 1 | $0 |
Gilbert T Bland Board Member | Trustee | 1 | $0 |
Frederick Y Chen Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $512,594 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,622,316 |
| Noncash contributions included in lines 1a–1f | $273,288 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,134,910 |
| Total Program Service Revenue | $786,174 |
| Investment income | $161,636 |
| 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 | $4,082,720 |
| 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. | $502,982 |
| Compensation of current officers, directors, key employees. | $51,436 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,546,661 |
| Pension plan accruals and contributions | $81,399 |
| Other employee benefits | $6,085 |
| Payroll taxes | $9,169 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,700 |
| Fees for services: Accounting | $24,626 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $135,192 |
| Advertising and promotion | $0 |
| Office expenses | $42,616 |
| Information technology | $38,912 |
| Royalties | $0 |
| Occupancy | $245,630 |
| Travel | $37,801 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $165,532 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,824 |
| Insurance | $23,886 |
| All other expenses | $7,507 |
| Total functional expenses | $3,484,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172,926 |
| Savings and temporary cash investments | $261,713 |
| Pledges and grants receivable | $400,578 |
| Accounts receivable, net | $5,019 |
| 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 | $23,958 |
| Net Land, buildings, and equipment | $6,349 |
| Investments—publicly traded securities | $9,212,987 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $185,575 |
| Total assets | $10,269,105 |
| Accounts payable and accrued expenses | $226,401 |
| Grants payable | $0 |
| Deferred revenue | $92,953 |
| 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 | $179,640 |
| Total liabilities | $498,994 |
| Net assets without donor restrictions | $8,670,111 |
| Net assets with donor restrictions | $1,100,000 |
| 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 | $10,269,105 |