Capital Partners For Education
- Assets
- $3.2m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 27
- Location
- Washington, DC
- Founding
- 07/1993
- Data as of
- 06/2021
- EIN
- 52-1832497
Organization Overview
Capital Partners For Education is located in Washington, DC. The organization was established in 1993. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2021, Capital Partners For Education employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital Partners For 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 06/2021, Capital Partners For Education generated $2.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $2.8m during the year ending 06/2021. While expenses have increased by 8.8% 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
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPITAL PARTNERS FOR EDUCATION (CPE) PROVIDES LOW INCOME STUDENTS IN THE DISTRICT OF COLUMBIA WITH ONE-TO-ONE MENTORS AS WELL AS ACADEMIC AND CAREER PROGRAMMING TO GUIDE THEM TO AND THROUGH COLLEGE AND INTO SUSTAINABLE CAREERS. CPE SELECTS FIRST-GENERATION-TO-COLLEGE STUDENTS IN THE ACADEMIC MIDDLE WHO WOULD BENEFIT FROM ADULT GUIDANCE THROUGH COLLEGE APPLICATION, MATRICULATION, AND COMPLETION. CPE SERVES STUDENTS ENROLLED IN PUBLIC HIGH SCHOOLS IN THE DISTRICT OF COLUMBIA. ALL STUDENTS ARE MATCHED WITH A VOLUNTEER MENTOR AND RECEIVE FINANCIAL SUPPORT FROM CPE TOWARD SCHOOL SUPPLIES, FEES, AND HOUSEHOLD NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Khari Brown Chief Executive Officer | Officer | 40 | $255,635 |
Marcus Braxton Chief Operating Officer | Officer | 40 | $159,597 |
Brandon White Vice President | Officer | 40 | $131,977 |
Mary Bush Board Chair | OfficerTrustee | 1 | $0 |
Theodore Schwab Co-Founder/chairman Emerit | OfficerTrustee | 1 | $0 |
John Bates Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $143,260 |
| Related organizations | $0 |
| Government grants | $714,488 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,257,340 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,115,088 |
| Total Program Service Revenue | $0 |
| Investment income | $25,317 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,683 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,133,722 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $100,366 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $538,830 |
| Compensation of current officers, directors, key employees. | $72,602 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,306,146 |
| Pension plan accruals and contributions | $24,938 |
| Other employee benefits | $107,429 |
| Payroll taxes | $147,459 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $69,762 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $76,286 |
| Advertising and promotion | $0 |
| Office expenses | $51,026 |
| Information technology | $71,283 |
| Royalties | $0 |
| Occupancy | $52,057 |
| Travel | $704 |
| 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 | $1,277 |
| Insurance | $26,597 |
| All other expenses | $242,512 |
| Total functional expenses | $2,849,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,041,572 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $794,192 |
| 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 | $13,490 |
| Net Land, buildings, and equipment | $729 |
| Investments—publicly traded securities | $1,397,929 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,247,912 |
| Accounts payable and accrued expenses | $157,348 |
| 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 | $343,500 |
| Other liabilities | $0 |
| Total liabilities | $500,848 |
| Net assets without donor restrictions | $1,801,316 |
| Net assets with donor restrictions | $945,748 |
| 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 | $3,247,912 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Capital Partners For Education has recieved totaling $475,731.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $125,000 |
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $93,333 |
The Hanley Foundation Washington, DC PURPOSE: TO FULFILL THE CHARITABLE PURPOSE | $75,000 |
Volgenau Foundation Mclean, VA PURPOSE: GENERAL SUPPORT | $50,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $44,898 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: MULTIPLE | $33,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
American Association Of University Women Inc Washington, DC | $138,843,361 | $18,528,803 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Indian Paintbrush Foundation Washington, DC | $2,617,521,485 | $1,521,981,843 |
Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |
Children Of Fallen Patriots Foundation Reston, VA | $18,264,760 | $13,060,746 |
District Of Columbia College Access Program Washington, DC | $105,959,870 | $18,161,486 |
Asian And Pacific Islander American Scholarship Fund Washington, DC | $37,686,826 | $13,616,717 |
National Association Of Student Financial Aid Administrators Washington, DC | $22,189,727 | $10,008,615 |
Cobell Board Of Trustees Washington, DC | $177,171,131 | $17,842,265 |
National Consortium For Graduate Dgrs Minorities In Engineering Alexandria, VA | $15,486,907 | $10,356,249 |
Maryland Philanthropy Network Inc Baltimore, MD | $5,808,264 | $5,920,100 |