FUND FOR EDUCATIONAL EXCELLENCE INC

🔒

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

Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

ROGER SCHULMAN

Phone

4106858300

Tax Period

2024-07-01 to 2025-06-30

FUND FOR EDUCATIONAL EXCELLENCE INC, founded in 1984, is a mid-sized nonprofit in the Education sector that reported $30.7M in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $27.9M left a modest 9% surplus.

Mission

WE EXPAND RESOURCES, IDENTIFY AND ACCELERATE SOLUTIONS, AND RECOGNIZE EXCELLENCE SO THAT ALL CHILDREN IN BALTIMORE CITY PUBLIC SCHOOLS EXPERIENCE AN EFFECTIVE AND ADEQUATE EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $16,116,412 Revenue: $2,015,030

FISCAL SPONSORSHIP - The Fund provides high-level financial and grant management expertise to a range of mission-aligned local regional nonprofit organizations and community programs. As a fiscal...

FISCAL SPONSORSHIP - The Fund provides high-level financial and grant management expertise to a range of mission-aligned local regional nonprofit organizations and community programs. As a fiscal sponsor, we support our clients financial and human resource operations, including detailed budget management and financial reporting services, allowing organizations to focus on their programmatic goals which often include developing innovative educational reforms and expanding student access to high-quality education.

Program 2

Expenses: $7,100,900 Revenue: $93,604

DISTRICT FUNDRAISING - The Fund works closely with Baltimore City Public Schools to raise and secure external investment that supports the districts highest priority needs. As a trusted partner, we help identify those needs, target potential funding sources, and provide fiscal management for those philanthropic investments. We are currently managing grant funding raised on behalf of the school district from both local and national funders.

Program 3

Expenses: $1,192,458 Revenue: $299,783

ACCELERATE SOLUTIONS - With community input, The Fund identifies challenges, researches and develops recommendations, and pushes for innovative solutions to improve Baltimore City Public Schools...

ACCELERATE SOLUTIONS - With community input, The Fund identifies challenges, researches and develops recommendations, and pushes for innovative solutions to improve Baltimore City Public Schools policies, processes, and programs. We regularly publish reports that combine strong analytics with community input to address some of the most pressing problems facing our students, we provide on-demand workshops to help students and families navigate the districts school choice process for middle and high school, we partner with Baltimore City Public Schools Office of Early Learning and local providers to expand Pre-K options to 3- and 4-year olds, and run an early-childhood development program that provides parents of pre-school age children with effective parenting strategies for behavioral management and skills to support their childrens academic success.

🔒

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $27,255,636

Program Service Revenue $2,410,970

Investment Income $1,006,802

Other Revenue $0

TOTAL REVENUE $30,673,408

Expense Breakdown

Grants Paid $6,044,945

Salaries & Benefits $8,033,242

Fundraising Expenses $863,334

Program Expenses $24,814,171

Other Expenses $13,793,991

TOTAL EXPENSES $27,887,178

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,673,408	$21,294,754	+0.4%
Expenses	$27,887,178	$27,361,712	+0.0%
Net Income	$2,786,230	$-6,066,958	-1.5%

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

Governance

Voting Members

Independent Members

Employees

134

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

$559,715

Total Directors

$320,998

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGER SCHULMAN	President & CEO	40.00	Officer Director	$298,010	$22,988	$320,998
JULIA BAEZ	CEO, BALT PROMISE	40.00		$222,664	$20,211	$242,875
CHUCK ADKINS	CFO	40.00	Officer	$228,721	$9,996	$238,717
BRIDGET BLOUNT	DEP CEO - BP	40.00		$178,318	$16,053	$194,371
KEVIN LEARY	SR. PRGM DIR	40.00		$161,599	$18,985	$180,584
WENDY SAMET	EX DIR - MIDDL GRD	40.00		$150,490	$23,478	$173,968
CORRIE SCHOENBERG	SR PRGM DIR	40.00		$163,946	$8,556	$172,502
SHARON DONDES	SR PRGM DIR.	40.00		$138,586	$25,909	$164,495
MARK BELL	Director	1.00	Director	$0	$0	$0
RONALD JARRETT	Director	1.00	Director	$0	$0	$0
MARGUERITE MUGGE	Director	1.00	Director	$0	$0	$0
BETH FELDER	CHAIR	1.00	Officer Director	$0	$0	$0
ILENE BERMAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RUSSELL MOORE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CINDA HUGHES CFA	TREASURER	1.00	Officer Director	$0	$0	$0
DR MAXINE WOOD	SECRETARY	1.00	Officer Director	$0	$0	$0
JILL FEINBERG	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE HOOD-WILSON	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE HONG	DIRECTOR	1.00	Director	$0	$0	$0
NANCY JORDAN-HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
SARA MILSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN A REDD	DIRECTOR	1.00	Director	$0	$0	$0
ARUN SUBHAS	DIRECTOR	1.00	Director	$0	$0	$0
NEILL THUPARI	DIRECTOR	1.00	Director	$0	$0	$0
VANESSA DOUYON	DIRECTOR	1.00	Director	$0	$0	$0

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
2025	$30,673,408	$27,887,178	$35,054,202	$2,786,230
2025	$30,673,408	$27,887,178	$35,054,202	$2,786,230
2024	$21,294,754	$27,361,712	$31,258,443	$-6,066,958
2023	$22,332,215	$24,704,182	$36,091,507	$-2,371,967
2022	$23,197,789	$23,310,321	$38,110,666	$-112,532
2021	$36,549,916	$21,073,076	$39,237,536	$15,476,840
2020	$18,302,111	$18,594,138	$23,667,148	$-292,027
2019	$24,091,662	$12,834,171	$22,874,981	$11,257,491
2018	$9,642,515	$8,667,213	$10,455,987	$975,302