Center For Educational Initiatives
- Assets
- $2.5m
- Revenue
- $96.2k
- Investments
- $2.3m
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 05/2002
- Data as of
- 12/2022
- EIN
- 85-0477271
Organization Overview
Center For Educational Initiatives is located in Albuquerque, NM. The organization was established in 2002. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Educational Initiatives 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 12/2022, Center For Educational Initiatives generated $96.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $159.7k during the year ending 12/2022. While expenses have increased by 4.2% per year over the past 8 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.
Since 2014, Center For Educational Initiatives has awarded 150 individual grants totaling $857,100. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE STATEMENT ATTACHED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Marks President | 0 | $0 | |
Arturo Sandoval Sec/director | 0 | $0 | |
Elaine Montoya Vp/director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $798 |
| Dividends & Interest | $48,727 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,756 |
| Capital Gain Net Income | $7,076 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $26,890 |
| Total Revenue | $96,171 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $115 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,455 |
| Total operating and administrative expenses | $20,685 |
| Contributions, gifts, grants paid | $139,000 |
| Total expenses and disbursements | $159,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,553 |
| Savings and temporary cash investments | $181,831 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $80,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,543,377 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,465 |
| Total liabilities | $2,465 |
Grants Awarded
Over the last fiscal year, Center For Educational Initiatives has awarded $139,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
ALBUQUERQUE COMMUNITY FOUNDATION PURPOSE: SCHOLARSHIP FUND | $4,500 |
ENCUENTRO PURPOSE: EDUCATIONAL PROGRAM | $5,000 |
HORIZONS ALBUQUERQUE PURPOSE: EDUCATIONAL PROGRAM | $3,000 |
NM ENVIRONMENTAL LAW CENTER PURPOSE: COMMUNITY OUTREACH | $9,000 |
TEATRO NUEVO MEXICO DBA AFROMUNDO PURPOSE: COMMUNITY EDUCATION | $7,000 |
NATIVE HEALTH INITIATIVE PURPOSE: COMMUNITY HEALTH | $2,000 |