NELLIE MAE EDUCATION FOUNDATION INC

EIN: 042755323 501(c)(3) Education

QUINCY, MA

Total Revenue
$21,415,739
Total Expenses
$23,090,325
Total Assets
$519,417,333
Net Assets
$507,829,372
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
MA
Principal Officer
DR GISELE SHORTER
Phone
7813484200
Tax Period
2023-01-01 to 2023-12-31

NELLIE MAE EDUCATION FOUNDATION INC, founded in 1998, is a mid-sized nonprofit in the Education sector that reported $21.4M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Net assets of $507.8M represent 285 months of operating reserves.

Mission

THE MISSION OF THE FOUNDATION IS TO CHAMPION EFFORTS THAT PRIORITIZE COMMUNITY GOALS THAT CHALLENGE RACIAL INEQUITIES AND ADVANCE EXCELLENT, STUDENT-CENTERED PUBLIC EDUCATION FOR ALL NEW ENGLAND YOUTH. THE FOUNDATION IS ORGANIZED AND OPERATED AS A MASSACHUSETTS NOT-FOR-PROFIT CORPORATION TO SUPPORT EDUCATIONAL ORGANIZATIONS.

Program Service Accomplishments

Program 1
Expenses: $18,742,913

THE NELLIE MAE EDUCATION FOUNDATION ("FOUNDATION") STRATEGY IS INCLUSIVE OF GRANTMAKING, BUILDING THE CAPACITY AND SUSTAINABILITY OF ORGANIZATIONS AND SCHOOLS THAT WORK TO PROMOTE RACIAL EQUITY IN...

Read more

THE NELLIE MAE EDUCATION FOUNDATION ("FOUNDATION") STRATEGY IS INCLUSIVE OF GRANTMAKING, BUILDING THE CAPACITY AND SUSTAINABILITY OF ORGANIZATIONS AND SCHOOLS THAT WORK TO PROMOTE RACIAL EQUITY IN PUBLIC EDUCATION, PARTNERSHIPS AND ADVOCACY EFFORTS, AS WELL AS OTHER SUPPORTING ACTIVITIES. OUR GRANTMAKING ENCOMPASSES FOUR CORE FUNDS STRUCTURED TO REINFORCE ONE ANOTHER IN ADVANCING OUR MISSION TO ENSURE A HIGH QUALITY EDUCATION IS READILY AVAILABLE TO EVERY CHILD. ADDITIONALLY, AS PART OF OUR CORE GRANT FUNDS, THE FOUNDATION PROVIDES A ROBUST LEARNING COMMUNITY AND CAPACITY BUILDING SUPPORTS. SEE SCHEDULE O FOR CONTINUATION OF PROGRAM SERVICE ACCOMPLISHMENTS.SUPPORTING ORGANIZATIONS LED BY PEOPLE OF COLOR:THE NELLIE MAE EDUCATION FOUNDATION HAS A RICH HISTORY OF INVESTING IN COMMUNITY-DRIVEN TRANSFORMATION AND PARTNERSHIPS THAT SUPPORT ALL YOUNG PEOPLE, WITH A FOCUS ON THE LOWEST RESOURCED SCHOOLS AND THOSE FURTHEST FROM OPPORTUNITIES. ORGANIZATIONS LED BY THOSE IN THE COMMUNITIES WE SEEK TO SERVICE ARE IN THE BEST POSITION TO ORGANIZE AND LIFT UP THE INVALUABLE VOICES OF THOSE STUDENTS AND FAMILIES WHO HAVE BEEN TRADITIONALLY EXCLUDED FROM DECISIONS MADE ABOUT THEIR SCHOOLS. THESE ORGANIZATIONS ARE ADVOCATING FOR RACIAL EQUITY IN NEW ENGLAND SCHOOLS BY IMPLEMENTING CULTURALLY RESPONSIVE TEACHING AND LEARNING; DIVERSIFYING THE TEACHER WORKFORCE; ESTABLISHING RESTORATIVE JUSTICE PRACTICES IN SCHOOLS; AND SERVING THE WHOLE CHILD AND FAMILY. BY PROVIDING MULTI-YEAR, GENERAL OPERATING SUPPORT TO ORGANIZATIONS LED BY AND SERVING PEOPLE OF COLOR, FOCUSED ON ADDRESSING RACIAL INEQUITIES IN EDUCATION, WE BELIEVE WE WILL SUPPORT THE INCREASED FINANCIAL FREEDOM AND ORGANIZATIONAL STABILITY NEEDED TO ADVANCE THEIR MISSIONS OVER THE LONG TERM. THIS, IN TURN, HELPS ENSURE THAT EVERY STUDENT IS SET UP FOR SUCCESS, HAS THE RESOURCES THEY NEED TO THRIVE ACADEMICALLY, SOCIALLY, AND EMOTIONALLY, AND CAN PARTICIPATE IN A MORE RACIALLY JUST PUBLIC EDUCATION SYSTEM. AMPLIFYING YOUTH VOICE & LEADERSHIP: TO ENACT MEANINGFUL CHANGE, IT'S IMPORTANT THAT WE DEEPEN OUR UNDERSTANDING OF WHERE EQUITY AND ACCESS GAPS EXIST. YOUTH, PARTICULARLY YOUTH OF COLOR, DIRECTLY EXPERIENCE EDUCATIONAL INEQUITIES, BUT THEIR VOICE IS USUALLY LEFT OUT OF DISCUSSIONS AROUND SOLVING THOSE PROBLEMS. YOUTH NEED SPACE TO ARTICULATE THEIR IDEAS, CONCERNS AND EXPERIENCES, AND SUPPORT TO BUILD THE SKILLS AND CAPACITY TO ARTICULATE, ADVOCATE FOR, AND EFFECT THE CHANGES THEY SEEK IN EDUCATION.YOUTH ORGANIZING GROUPS CAN ACHIEVE INCREASED IMPACT BY COLLABORATING WITH EACH OTHER. BUT WITHOUT DEDICATED FUNDING, IT CAN BE DIFFICULT FOR YOUTH ORGANIZING GROUPS TO FIND SUFFICIENT RESOURCES TO SHARE BEST PRACTICES AND BUILD CAPACITY. WHEN YOUNG PEOPLE CAN WORK COLLECTIVELY, THEY CAN BUILD POWER, AND INCREASE MOMENTUM AND MOVEMENT TOWARDS SHARED ACTION.THEREFORE, THE NELLIE MAE EDUCATION FOUNDATION SUPPORTS THE CAPACITY OF INDIVIDUAL YOUTH ORGANIZING GROUPS WHILE ALSO SUPPORTING THEIR COLLABORATION THROUGH A NEW ENGLAND WIDE NETWORK. AS A RESULT, MEMBER ORGANIZATIONS WILL BECOME MORE EFFECTIVE AT PURSUING THEIR AGENDAS AND MOVE TOWARDS MORE COLLABORATIVE AND ALIGNED WORK, INCREASING AND STRENGTHENING THE POWER OF YOUTH VOICE IN THE REGION OVERALL. WITH YOUTH VOICE ELEVATED, WE CAN BETTER UNDERSTAND WHERE AND WHY OPPORTUNITY GAPS EXIST, AND BEGIN CREATING A PUBLIC EDUCATION SYSTEM THAT IS RESPONSIVE TO THEIR NEEDS. ADVANCING COMMUNITY-SCHOOL PARTNERSHIPS: WE BELIEVE THAT THE BEST WAY TO ACHIEVE EQUITY IN EDUCATION IS TO WORK WITH COMMUNITIES AND ORGANIZATIONS WHO ARE TRANSFORMING THEIR OWN SCHOOLS TO CREATE A MORE EQUITABLE PUBLIC EDUCATION SYSTEM FOR ALL STUDENTS. TO THAT END, WE SUPPORT COMMUNITY-SCHOOL PARTNERSHIPS THAT ARE IDENTIFYING BARRIERS IN THEIR SCHOOL SYSTEMS, DEVELOPING REAL SOLUTIONS TO ADDRESS THESE BARRIERS, AND IMPLEMENTING THEM AT SCALE.WHEN SCHOOLS WORK IN PARTNERSHIP WITH COMMUNITY-BASED ORGANIZATIONS, STUDENTS ARE MORE LIKELY TO GET THE SUPPORT THEY NEED TO THRIVE. WE KNOW THAT WHEN COMMUNITY MEMBERS ARE WELCOMED INTO THE SCHOOL ENVIRONMENT AND PLAY A KEY ROLE IN DECISION-MAKING, ALL YOUNG PEOPLE BENEFIT. ROBUST COMMUNITY-SCHOOL PARTNERSHIPS ARE ESSENTIAL TO FOSTERING RELATIONSHIPS OF TRUST AND RESPECT, AND BUILDING THE CAPACITY OF ALL STAKEHOLDERS INSIDE AND OUTSIDE OF THE SCHOOL BUILDING. SUCH PARTNERSHIPS CAN HELP FACILITATE INCLUSIVE DECISION-MAKING PROCESSES, AND LEVERAGE LOCAL RESOURCES AND EXPERTISE TO ADDRESS EDUCATIONAL INEQUITIES. THE ULTIMATE PURPOSE OF THIS GRANT FUND IS TO SUPPORT COMMUNITY-DRIVEN PARTNERSHIPS BETWEEN DISTRICTS AND THEIR COMMUNITIES TO ADVANCE RACIAL EQUITY AND EXCELLENT, STUDENT-CENTERED PUBLIC EDUCATION. STUDENT EXPERIENCE EVENTUALLY AFFECTS ALL OF US, WHICH MEANS WE HAVE A SHARED RESPONSIBILITY TO MAKE SURE IT'S BUILT WITH EVERY STUDENT IN MIND. STRENGTHENING PARTNERSHIPS AND MOVEMENT BUILDING:WE ARE COMMITTED TO CONVENING AND SUPPORTING ORGANIZATIONS WORKING TO ADVANCE EQUITY AND EDUCATION JUSTICE, BECAUSE WHEN ORGANIZATIONS COME TOGETHER AND ARE ABLE TO SHARE KNOWLEDGE, RESOURCES, AND GOALS, THEY ARE BETTER EQUIPPED TO ACHIEVE LASTING CHANGE. WE UNDERSTAND THAT MANY OF THE RACIAL EQUITY BARRIERS THAT EXIST IN OUR EDUCATION SYSTEM ARE IN PART SHAPED BY INEQUITABLE POLICIES, PAST AND PRESENT. WE SUPPORT EXISTING AND EMERGING PARTNERSHIPS, MOVEMENTS, AND COALITIONS THAT ARE LOOKING TO IDENTIFY AND DISMANTLE STATE AND FEDERAL POLICY BARRIERS AND PROMOTE INCLUSIVE POLICY DESIGN TO ADVANCE RACIAL EQUITY IN PUBLIC EDUCATION.ADDITIONALLY, WE BELIEVE THAT IF WE SUPPORT OUR GRANTEES TO BUILD RELATIONSHIPS WITH EACH OTHER, WHILE SIMULTANEOUSLY BUILDING AND CONNECTING WITH STATE AND NATIONAL COALITIONS, THEN ORGANIZATIONS WILL FIND OPPORTUNITIES TO ALIGN THEIR WORK AND USE THEIR COLLECTIVE POWER TO ADVANCE A SHARED VISION FOR EQUITY. OUR STRENGTHENING PARTNERSHIPS AND MOVEMENT BUILDING FUND IS COMPRISED OF THREE SUB-FUNDS: 1) ADVOCACY; 2) COALITIONS AND 3) PARTNERSHIPS.ADDITIONAL FUNDS:AS PART OF OUR REINFORCING ACTIVITIES, WE ALSO HAVE TWO POOLS OF FUNDING THAT OFFER SUPPORT FOR MORE TIME SENSITIVE REQUESTS IN THE NEW ENGLAND REGION:RAPID RESPONSE - OUR RAPID RESPONSE FUND PROVIDES SHORT-TERM, TIME-SENSITIVE SUPPORT IN COMMUNITIES THAT HAVE EXPERIENCED A CRITICAL CONDITION THAT AFFECTS RACIAL EQUITY IN EDUCATION.EVENT SPONSORSHIPS - OUR EVENT SPONSORSHIP FUND PROVIDES FUNDING FOR ORGANIZATIONS HOSTING EVENTS SUCH AS FUNDRAISERS, TRAININGS, CONFERENCES, OR THE LIKE FOCUSED ON ADVANCING RACIAL EQUITY IN PUBLIC EDUCATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $200,000
Program Service Revenue $0
Investment Income $21,215,739
Other Revenue $0
TOTAL REVENUE $21,415,739

Expense Breakdown

Grants Paid $14,645,178
Salaries & Benefits $4,442,734
Fundraising Expenses $0
Program Expenses $18,742,913
Other Expenses $4,002,413
TOTAL EXPENSES $23,090,325

Year-over-Year Comparison

2023 2022 Change
Revenue $21,415,739 $23,248,571 -0.1%
Expenses $23,090,325 $26,327,764 -0.1%
Net Income $-1,674,586 $-3,079,193 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
15
Independent Members
15
Employees
21
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$1,726,818
Total Directors
16
$344,000
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PRUDENCE CARTER DIRECTOR 1.00
Director
$20,000 $0 $20,000
PRABAL CHAKRABARTI DIRECTOR 2.00
Director
$24,000 $0 $24,000
MISHONE DONELSON DIRECTOR 1.00
Director
$20,000 $0 $20,000
BETTY FRANSISCO DIRECTOR 2.00
Director
$24,000 $0 $24,000
ELIZABETH HILPMAN DIRECTOR 2.00
Director
$24,000 $0 $24,000
DEBRA HUMPHREYS DIRECTOR 1.00
Director
$15,000 $0 $15,000
JOHN JACKSON DIRECTOR 2.00
Director
$24,000 $0 $24,000
DEBORAH JEWELL-SHERMAN DIRECTOR 2.00
Director
$24,000 $0 $24,000
MAKEEBA MCCREARY DIRECTOR 1.00
Director
$20,000 $0 $20,000
ELSA NUNEZ DIRECTOR 2.00
Director
$24,000 $0 $24,000
CHRISTINA JIMENEZ MORET DIRECTOR (UNTIL JAN. 2023) 1.00
Director
$0 $0 $0
COLLEEN QUINT DIRECTOR 1.00
Director
$20,000 $0 $20,000
JOHN REMONDI DIRECTOR 1.00
Director
$20,000 $0 $20,000
WARREN SIMMONS DIRECTOR 1.00
Director
$41,000 $0 $41,000
DANIA VAZQUEZ DIRECTOR 2.00
Director
$24,000 $0 $24,000
NICHOLAS WARREN DIRECTOR 1.00
Director
$20,000 $0 $20,000
MICHAEL CAREY INTERIM CEO & TREAS. (UNTIL 7/9/23) 40.00
Officer
$326,464 $70,652 $397,116
PAMELA WHITE CLERK 40.00
Officer
$123,368 $27,051 $150,419
GISLAINE NGOUNOU INTERIM PRES & CEO (UNTIL 1/17/23) 40.00
Officer
$498,101 $2,678 $500,779
DR GISELE SHORTER PRESIDENT & CEO 60.00
Officer
$285,301 $28,455 $313,756
JESSICA SPOHN INTERIM PRESIDENT (UNTIL 7/9/23) 40.00
Officer
$295,885 $68,863 $364,748
DELIA ARELLANO-WEDDLETON DIR. OF ENGAGEMENT & PARTNERHIPS 40.00
Highest
$214,122 $52,887 $267,009
MARCOS POPOVICH PROGRAM DIRECTOR, GRANTMAKING 40.00
Highest
$170,352 $53,317 $223,669
PAUL MARSH IT MANAGER 40.00
Highest
$165,585 $33,625 $199,210
NINA CULBERSTON PROGRAM DIR, LEARNING/RESEARCH/EVAL 40.00
Highest
$156,896 $50,704 $207,600
ELLEN WANG SR. PROGRAM & EQUITY OFFICER 40.00
Highest
$173,828 $25,008 $198,836
NICHOLAS C DONOHUE FORMER PRESIDENT & CEO 0.00
$143,576 $0 $143,576
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $21,415,739 $23,090,325 $519,417,333 $-1,674,586
2022 $23,248,571 $26,327,764 $483,194,914 $-3,079,193
2021 $94,584,276 $23,289,401 $585,493,964 $71,294,875
2020 $28,672,878 $43,160,448 $533,194,184 $-14,487,570
Explore More Nonprofits
Top 100 Nonprofits in Massachusetts Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare NELLIE MAE EDUCATION FOUNDATION INC with other nonprofits in Massachusetts and across the country.