PARTNERSHIP FOR EDUCATION ADVANCEMENT INC
AI Summary
PARTNERSHIP FOR EDUCATION ADVANCEMENT INC is a 501(c)(3) nonprofit focused on scholarships, financial aid, and education, working to advance social mobility by strengthening mission-focused colleges and universities that primarily serve low-income, first-generation, and under-resourced students and families. In filing year 2024, it reported a $21.2M operating budget and $22M in total revenue, with major support from BLUE MERIDIAN PARTNERS INC ($70.1M, 2024), Thurgood Marshall College Fund ($21.6M, 2023), and EDUCATIONAL CREDIT MANAGEMENT CORPORATION ($4.3M, 2024).
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
Cause Areas
2
Education
Scholarships & Financial Aid
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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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- 11 funders
- 16 board & team members
- 7 historic 990s & financials
- 6-year operating budget trend
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 Axim Collaborative 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.