Institute For Education Research & Scholarships
- Assets
- $121.4k
- Revenue
- $935.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Los Angeles, CA
- Founding
- 09/2005
- Data as of
- 12/2023
- EIN
- 72-1585854
Organization Overview
Institute For Education Research & Scholarships is located in Los Angeles, CA. The organization was established in 2005. 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 12/2023, Institute For Education Research & Scholarships employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Education Research & Scholarships 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, Institute For Education Research & Scholarships generated $935.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $1.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Institute For Education Research & Scholarships has awarded 28 individual grants totaling $1,693,328. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISHED IN 2004, THE INSTITUTE FOR EDUCATION, RESEARCH, AND SCHOLARSHIPS (IFERS) IS AN AWARD-WINNING CALIFORNIA-BASED 501(C)(3) NONPROFIT PUBLIC CHARITY ORGANIZATION DEDICATED TO IMPROVING SOCIETY BY CONDUCTING SCIENTIFIC AND SOCIAL RESEARCH AS WELL AS BEING A FISCAL SPONSOR FOR MORE THAN 150 HUMANITARIAN PROJECTS. WE BELIEVE IN CHANGING THE WORLD FOR THE BETTER THROUGH EDUCATION, RESEARCH, AND SCHOLARSHIPS. OUR ULTIMATE GOAL IS TO CREATE A BETTER WORLD WITH LASTING PEACE, PROSPERITY, AND UNIVERSAL RIGHTS FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS INCLUDE BUT NOT LIMITED TO STUDENT SCHOLARSHIP, HEALTH EDUCATION, ENVIRONMENT EDUCATION, HOMESCHOOLING, MUSEUMS, TEACHERS SUPPORT, AND AFTER SCHOOL ACTIVITIES.
SCIENTIFIC RESEARCH PROJECTS INCLUDE BUT ARE NOT LIMITED TO ARCHAEOLOGY, ROBOTICS, CYBERSECURITY, SOCIAL MEDIA, ENVIRONMENTAL PROTECTION, SCIENTIFIC INSTRUMENTS, HUMAN HEALTH, AND HUMAN WELLNESS.
CHILD AND YOUTH SERVICES INCLUDE BUT ARE NOT LIMITED TO YOUTH SPORTS, FOSTER CARE CHILDREN, AND CHILD SAFETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Newton Lee President | OfficerTrustee | 20 | $0 |
Elizabeth Grigoryeva Secretary | Officer | 5 | $0 |
Marcela Melnic Treasurer | Officer | 5 | $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 | $647,798 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $647,798 |
| Total Program Service Revenue | $288,009 |
| Investment income | $0 |
| 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 | $935,807 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $829,964 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $114,495 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,889 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $401 |
| Information technology | $4,892 |
| Royalties | $0 |
| Occupancy | $3,252 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $26,496 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $783 |
| All other expenses | $0 |
| Total functional expenses | $1,004,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,428 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $121,428 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $121,428 |
| 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 | $121,428 |
Grants Awarded
Over the last fiscal year, Institute For Education Research & Scholarships has awarded $453,302 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
PROMOTING HEALTH IN HAITI PURPOSE: Improve health and wellness for the citizens of Haiti by educating highly skilled nurses from the U.S. and Haiti. | $114,613 |
AVID MOVEMENT FOR ALL PURPOSE: Promote sports medicine. | $45,000 |
MORE OF BALTIMORE HOMESCHOOL CO-OP PURPOSE: Educate and liberate our children by providing an entrepreneurial-based academic plan as well as the skills needed to become critical thinkers, culturally aware and financially literate. | $44,505 |
UB LEAGUE PURPOSE: Provide a safe space for young black men from low-income neighborhoods to channel their energy and emotions through the game of basketball. | $45,000 |
TINKER THE ROBOT PURPOSE: Create hands-on Science and Engineering at home experiences. | $190,463 |
BONUS BABIES PURPOSE: Use the power of story telling to bring attention to the challenges faced by youth in foster care, and inspire people to take action to improve their fate. | $8,663 |