INSTITUTE FOR EDUCATIONAL ADVANCEMENT

EIN: 954695698 501(c)(3) Education

PASADENA, CA

Total Revenue
$2,821,392
Total Expenses
$3,149,785
Total Assets
$8,709,605
Net Assets
$8,534,480
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
CA
Principal Officer
DEBORAH MONROE
Phone
6264038900
Tax Period
2024-01-01 to 2024-12-31

INSTITUTE FOR EDUCATIONAL ADVANCEMENT, founded in 1998, is a community nonprofit in the Education sector that reported $2.8M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $3.1M exceeded revenue, resulting in a 12% operating deficit.

Mission

THE INSTITUTE FOR EDUCATIONAL ADVANCEMENT (IEA) IS DEDICATED TO THE INTELLECTUAL, CREATIVE, AND PERSONAL GROWTH IN OUR NATION'S GIFTED AND HIGH POTENTIAL YOUTH. CENTRAL TO THE MISSION OF IEA IS A COMMITMENT TO THE DEVELOPMENT OF THE WHOLE CHILD THROUGH ENGAGING LEARNING EXPERIENCES THAT PROMOTE OPTIMAL CHALLENGE, MENTORSHIP, EXPLORATION OF IDEAS, AND RECOGNITION OF PERSONAL POTENTIAL. IEA SEEKS TO CONNECT LIKE-MINDED INDIVIDUALS AND SUPPORTS A DIVERSE COMMUNITY THAT CREATES A SENSE OF BELONGING AND AFFIRMATION.

Program Service Accomplishments

Program 1
Expenses: $1,418,532 Revenue: $1,268,325

THE CAROLINE D. BRADLEY (CDB) SCHOLARSHIP IS A HIGHLY SELECTIVE SCHOLARSHIP OPPORTUNITY THAT IDENTIFIES EXCEPTIONALLY GIFTED MIDDLE SCHOOL STUDENTS AND REWARDS THEM WITH A FOUR-YEAR SCHOLARSHIP TO A...

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THE CAROLINE D. BRADLEY (CDB) SCHOLARSHIP IS A HIGHLY SELECTIVE SCHOLARSHIP OPPORTUNITY THAT IDENTIFIES EXCEPTIONALLY GIFTED MIDDLE SCHOOL STUDENTS AND REWARDS THEM WITH A FOUR-YEAR SCHOLARSHIP TO A HIGH SCHOOL THAT BEST FITS THEIR INTELLECTUAL AND PERSONAL NEEDS. AS PART OF THE SCHOLARSHIP, IEA OFFERS PERSONALIZED GUIDANCE DURING THE SCHOOL SEARCH PROCESS AND GUIDANCE THROUGHOUT THE SCHOLAR'S HIGH SCHOOL EXPERIENCE. IN 2024, IEA NAMED 26 NEW CAROLINE D. BRADLEY SCHOLARS, WHO WILL RECEIVE FOUR-YEAR, FULL-TUITION SCHOLARSHIPS TO THE HIGH SCHOOLS THAT BEST FIT THEIR PERSONAL AND ACADEMIC NEEDS. THESE SCHOLARS JOINED THE CURRENT COHORT OF STUDENTS, BRINGING THE TOTAL NUMBER OF SCHOLARSHIPS AWARDED TO 191 STUDENTS.

Program 2
Expenses: $503,112 Revenue: $385,215

THE IEA ACADEMY PROGRAM PROVIDES STUDENTS IN KINDERGARTEN THROUGH 8TH GRADE WITH ADVANCED ENRICHMENT CLASSES THAT PROMOTE EXPLORATION AND APPLICATION OF KNOWLEDGE. COURSES PROVIDE COMPELLING CONTENT...

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THE IEA ACADEMY PROGRAM PROVIDES STUDENTS IN KINDERGARTEN THROUGH 8TH GRADE WITH ADVANCED ENRICHMENT CLASSES THAT PROMOTE EXPLORATION AND APPLICATION OF KNOWLEDGE. COURSES PROVIDE COMPELLING CONTENT AND APPROPRIATE CHALLENGES TAUGHT AT A FLEXIBLE PACE WITH SMALL CLASSES BY HIGHLY QUALIFIED, DEDICATED PROFESSIONALS. DUE TO COVID 19, IEA ADDED PROGRAMMING IN A VIRTUAL FORMAT, WHICH ALSO ALLOWED THE PROGRAM TO SERVE STUDENTS NATIONALLY. IN 2024, ACADEMY FILLED 825 SEATS.

Program 3
Expenses: $336,745 Revenue: $185,261

YUNASA SUMMER CAMPS FOR GIFTED YOUTH PROVIDE EXCEPTIONALLY CAPABLE MIDDLE SCHOOL STUDENTS WITH A WEEK-LONG RESIDENTIAL SUMMER EXPERIENCE. THE PROGRAM IS DESIGNED TO SERVE HIGHLY-GIFTED YOUNGSTERS...

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YUNASA SUMMER CAMPS FOR GIFTED YOUTH PROVIDE EXCEPTIONALLY CAPABLE MIDDLE SCHOOL STUDENTS WITH A WEEK-LONG RESIDENTIAL SUMMER EXPERIENCE. THE PROGRAM IS DESIGNED TO SERVE HIGHLY-GIFTED YOUNGSTERS AGES 10 TO 14 WHO ARE ENGAGED IN A MIDDLE SCHOOL CURRICULUM. YUNASA TEACHES PARTICIPANTS TO BALANCE THEIR INTELLECTUAL GIFTS WITH THEIR EMOTIONAL, SOCIAL, SPIRITUAL AND PHYSICAL DEVELOPMENT THROUGH SELF REFLECTION AND PERSONAL APPLICATION. YUNASA ALSO OFFERS AN EMERGING LEADER PROGRAM FOR RETURNING CAMPERS AGES 15 AND 16 AND A COUNSELOR-IN-TRAINING EXPERIENCE FOR ITS 16 AND 17 YEAR OLD VETERANS. IN 2024, YUNASA FILLED 135 SEATS OF GIFTED YOUTH AGES 10-17.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $745,678
Program Service Revenue $1,932,756
Investment Income $137,188
Other Revenue $5,770
TOTAL REVENUE $2,821,392

Expense Breakdown

Grants Paid $156,126
Salaries & Benefits $1,703,755
Fundraising Expenses $179,960
Program Expenses $2,558,359
Other Expenses $1,289,904
TOTAL EXPENSES $3,149,785

Year-over-Year Comparison

2024 2023 Change
Revenue $2,821,392 $2,068,462 +0.4%
Expenses $3,149,785 $2,454,872 +0.3%
Net Income $-328,393 $-386,410 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
10
Employees
54
Volunteers
69

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
7
$535,150
Total Directors
13
$517,063
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH D JONES PRESIDENT EMERITUS, SENIOR ADVISOR 40.00
Officer Director
$296,817 $30,574 $327,391
DEBORAH K MONROE START 924 PRESIDENT 40.00
Officer Director
$98,902 $66 $98,968
CHERYL BRIER START 524 ASSISTANT SECRETARY 40.00
Officer Director
$73,960 $16,744 $90,704
ZADRA IBANEZ END524 TREASURER 40.00
Officer
$17,560 $527 $18,087
BYRON LICHTENSTEIN CHAIRMAN 1.00
Officer Director
$0 $0 $0
CHARLES SHANNON START 524 TREASURER 1.00
Officer Director
$0 $0 $0
MICHAEL W GREBE SECRETARY 1.00
Officer Director
$0 $0 $0
CHRIS NEWMAN FINANCE COMMITTEE HEAD 1.00
Director
$0 $0 $0
SOPHIA B BARRON DIRECTOR 1.00
Director
$0 $0 $0
HAP DENEEN DIRECTOR 1.00
Director
$0 $0 $0
JEFFREY HUDSON DIRECTOR 1.00
Director
$0 $0 $0
DAN PRIEST DIRECTOR 1.00
Director
$0 $0 $0
ROBERT BOB REPPA DIRECTOR 1.00
Director
$0 $0 $0
JONATHAN SHINTAKU 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
2024 $2,821,392 $3,149,785 $8,709,605 $-328,393
2023 $2,068,462 $2,454,872 $8,757,459 $-386,410
2022 $2,037,361 $2,193,305 $8,881,278 $-155,944
2021 $2,119,866 $1,909,690 $9,590,295 $210,176
2020 $2,286,168 $1,667,570 $9,213,873 $618,598
2019 $1,809,462 $2,006,494 $8,237,607 $-197,032
2018 $2,001,899 $2,143,446 $8,454,934 $-141,547
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