Logo for "PARTNERSHIP FOR EDUCATION ADVANCEMENT INC"

PARTNERSHIP FOR EDUCATION ADVANCEMENT INC

PARTNERSHIP FOR EDUCATION ADVANCEMENT INC

New York, NY, US
501(c)3
EIN
83-1400442
Logo for "PARTNERSHIP FOR EDUCATION ADVANCEMENT INC"

PARTNERSHIP FOR EDUCATION ADVANCEMENT INC

New York, NY, US
501(c)3
EIN
83-1400442

Overview

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Est.

2018

Fiscal Year Start

Jan 1

Organization Type

Grantseeker
AI Summary
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Partnership for Education Advancement Inc is a 501(c)(3) nonprofit organization dedicated to enhancing social mobility by supporting mission-focused colleges and universities that serve low-income, first-generation, and under-resourced students and families. With an operating budget of $21.2 million and total revenue of $22 million for the 2024 filing year, the organization emphasizes sustainable and scalable solutions while actively promoting the capacity of minority-serving institutions, including HBCUs, to lead equity efforts. The organization does not rely on a single funder for 50% or more of its revenue. More information can be found on their website at https://www.edadvancement.org.

Mission Statement

THE PARTNERSHIP FOR EDUCATION ADVANCEMENT IS A 501(C)(3) NOT-FOR-PROFIT ORGANIZATION COMMITTED TO SUPPORTING SOCIAL MOBILITY THROUGH STRENGTHENING OF MISSION-FOCUSED COLLEGES AND UNIVERSITIES THAT PRIMARILY SERVE LOW-INCOME, FIRST-GENERATION, AND UNDER-RESOURCED STUDENTS AND FAMILIES. WE ARE DEDICATED TO THE FOLLOWING PRINCIPLES AS WE CARRY OUT OUR MISSION:- OUR RESOURCES AND INVESTMENTS ALIGN WITH STUDENTS' FUTURE SUCCESS IN EVIDENT AND MEASURABLE WAYS.- WE MUST ACKNOWLEDGE AND UPHOLD THE CAPACITY OF MINORITY SERVING INSTITUTIONS, INCLUDING HBCUS, TO LEAD EQUITY EFFORTS.- TRANSFORMATION REQUIRES SOLUTIONS THAT ARE SUSTAINABLE, SCALABLE, AND BROADLY ADOPTABLE
Revenues

$22M

Expenses

$24.2M

Net Income:
-$2.2M
Assets

$29.5M

Liabilities

$1.6M

Net Assets:
+$27.9M
Operating Budget

$21.2M

Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

3

Median grant size
$4.3M
Largest grant received
$11.4M
J
James Runcie
Board Member
H
Hamilton James
Board Member
G
Garrett Moran
Board Member

Frequently Asked Questions

What is PARTNERSHIP FOR EDUCATION ADVANCEMENT INC’s budget?
In 2024, PARTNERSHIP FOR EDUCATION ADVANCEMENT INC reported an annual operating budget of around $21.2 million. More detailed financial information is available to registered users.
What causes does PARTNERSHIP FOR EDUCATION ADVANCEMENT INC support?
PARTNERSHIP FOR EDUCATION ADVANCEMENT INC supports work in Education and Scholarships & Financial Aid.
Where does PARTNERSHIP FOR EDUCATION ADVANCEMENT INC operate?
PARTNERSHIP FOR EDUCATION ADVANCEMENT INC is headquartered in New York, NY.
Who funded PARTNERSHIP FOR EDUCATION ADVANCEMENT INC recently?
In 2024, PARTNERSHIP FOR EDUCATION ADVANCEMENT INC received grants from BLUE MERIDIAN PARTNERS INC, EDUCATIONAL CREDIT MANAGEMENT CORPORATION, and Ascendium Education Solutions Inc. More information on this organization’s funders is available to registered users.
What is the largest grant PARTNERSHIP FOR EDUCATION ADVANCEMENT INC received in 2024?
The largest grant to PARTNERSHIP FOR EDUCATION ADVANCEMENT INC in 2024 exceeds $11.4 million.
Overview
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