INSTITUTE FOR STUDENT ACHIEVEMENT FOUNDATION

EIN: 862868464 501(c)(3) Education

PRINCETON, NJ

Total Revenue
$427,323
Total Expenses
$1,223,112
Total Assets
$100,890
Net Assets
$43,400
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
DE
Principal Officer
KADRIYE ERCIKAN
Phone
6099219000
Tax Period
2023-10-01 to 2024-09-30

INSTITUTE FOR STUDENT ACHIEVEMENT FOUNDATION, founded in 2020, is a small nonprofit in the Education sector that reported $427K in total revenue in fiscal year 2023. Revenue surged 1480% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 186% operating deficit.

Mission

INSTITUTE FOR STUDENT ACHIEVEMENT FOUNDATION (ISAF) RAISES FUNDS TO SUPPORT THE INSTITUTE FOR STUDENT ACHIEVEMENT (ISA), WHICH IS A PART OF EDUCATIONAL TESTING SERVICE, A SECTION 501(C)(3) PUBLIC CHARITY, THAT WANTS ALL STUDENTS, REGARDLESS OF ZIP CODE, TO GRADUATE BETTER PREPARED FOR POSTSECONDARY OPPORTUNITIES THAT PUT THEM ON THE PATHWAY TO REALIZING THEIR DREAMS.

Program Service Accomplishments

Program 1
Expenses: $426,845

THE FOUNDATION RAISED FUNDS IN ORDER TO SUPPORT THE WOMEN OF COLOR EDUCATION COLLABORATIVE (WOCEC), A PROGRAM THAT SUPPORTS THE PROFESSIONAL DEVELOPMENT OF WOMEN OF COLOR. THE FOUNDATION ALSO...

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THE FOUNDATION RAISED FUNDS IN ORDER TO SUPPORT THE WOMEN OF COLOR EDUCATION COLLABORATIVE (WOCEC), A PROGRAM THAT SUPPORTS THE PROFESSIONAL DEVELOPMENT OF WOMEN OF COLOR. THE FOUNDATION ALSO SUPPORTED ACTIVITIES RELATED TO SOCIAL, EMOTIONAL, AND ACADEMIC DEVELOPMENT (SEAD) AT THE HIGH SCHOOL LEVEL.

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Trantor Score

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

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $403,460
Program Service Revenue $0
Investment Income $23,863
Other Revenue $0
TOTAL REVENUE $427,323

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $426,845
Other Expenses $1,223,112
TOTAL EXPENSES $1,223,112

Year-over-Year Comparison

2023 2022 Change
Revenue $427,323 $27,052 +14.8%
Expenses $1,223,112 $1,635,254 -0.3%
Net Income $-795,789 $-1,608,202 -0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
2
Independent Members
N/A
Employees
N/A
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
2
$1,128,180
Total Directors
3
$2,454,206
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
IDA LAWRENCE END 100323 CHAIR SR VP-RESEARCH & DEVELOPMENT -CHAIR 2.00
Director
$0 $306,137 $1,062,989
KADRIYE ERCIKAN-ALPER PRESIDENT (START 1/4/2024) 2.00
Officer Director
$0 $58,577 $741,567
PAUL GOLLASH DIRECTOR 2.00
Director
$0 $78,640 $649,650
DAWN BUDD TREASURER 2.00
Officer
$0 $62,873 $386,613
STEPHANIE WOOD-GARNETT PRESIDENT (END 1/5/2024) 2.00
$0 $71,148 $358,771
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 $427,323 $1,223,112 $100,890 $-795,789
2023 $27,052 $1,635,254 $1,550,253 $-1,608,202
2022 $3,128,846 $813,898 $2,325,115 $2,314,948
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