Overview
What is Nellie Mae Education Foundation Inc?
The Nellie Mae Education Foundation is a Massachusetts-based nonprofit organization dedicated to promoting racial equity in public education. Through grantmaking, capacity building, partnerships, and advocacy, the Foundation supports organizations and schools that address racial inequities in New England. The Foundation focuses on educational institutions led by people of color, amplifying youth voice, and community-school partnerships. By providing multi-year, general operating support, the Foundation aims to increase the financial freedom and organizational stability of these organizations, enabling them to advance their missions and support young people in racially just public education systems. The Foundation distributed a total of $11.7 million to various educational organizations in its core grant funds.
Official website here: www.nmefoundation.org
Is Nellie Mae Education Foundation Inc legitimate?
Nellie Mae Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nellie Mae Education Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,905,704
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,033,568
For more financial information, click here
Official website here: www.nmefoundation.org
What is the mission statement of Nellie Mae Education Foundation Inc?
The Nellie Mae Education Foundation advocates for efforts prioritizing community goals that challenge racial inequities and advance student-centered public education for all New England youth. Its mission involves championing organizations and schools that promote racial equity in public education through grantmaking, building capacity, and advocacy. The foundation provides funding to organizations led by people of color, amplifying youth voice and leadership, and advancing educational community-school partnerships. By supporting these initiatives, the Foundation aims to enhance the financial freedom and organizational stability of these groups, ultimately benefiting young people and fostering racially just education systems.
Official website here: www.nmefoundation.org
Who is the CEO of Nellie Mae Education Foundation Inc?
Michael Carey is the Director of Nellie Mae Education Foundation Inc. The CEO's salary of Nellie Mae Education Foundation Inc is $466,494 and their total compensation is $524,370.
Official website here: www.nmefoundation.org
What is the revenue of Nellie Mae Education Foundation Inc?
Nellie Mae Education Foundation Inc's revenue in 2022 was $23,248,571.
Official website here: www.nmefoundation.org
Who are the executives of Nellie Mae Education Foundation Inc and what are their salaries?
The average compensation at Nellie Mae Education Foundation Inc during 2022 was $164,136. There are 24 employees at Nellie Mae Education Foundation Inc.
Here are 24 key members and their salaries (Nellie Mae Education Foundation Inc's CEO's salary is $466,494 and their total compensation is $524,370):
- Nicholas C Donohue (Former President & Ceo)
- Gislaine Ngounou (Interim President & Ceo)
- Michael Carey (Vp For Finance & Admin, Treasurer)
- Jessica Spohn (Director Of Grantmaking)
- Delia Arellano-Weddleton (Dir. Of Engagement & Partnerships)
- Nina Culberston (Program Dir, Learning/Research/Eval)
- Marcos Popovich (Program Director, Grantmaking)
- Paul Marsh (It Manager)
- Pamela White (Clerk)
- Gregory Gunn (Director)
- Warren Simmons (Director)
- Betty Fransisco (Director)
- Elizabeth Hilpman (Director)
- Elsa Nunez (Director)
- Christina Jimenez Moret (Director)
- Colleen Quint (Director)
- John Jackson (Director)
- Deborah Jewell-Sherman (Director)
- John Remondi (Director)
- Dania Vazquez (Director)
- Nicholas Warren (Director)
- Mishone Donelson (Director)
- Stephen Kossakoski (Director (Until 9/30/22))
- Prabal Chakrabarti (Director)
Official website here: www.nmefoundation.org
Where can I find the form 990 for Nellie Mae Education Foundation Inc?
The Nellie Mae Education Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.nmefoundation.org
Learn more at the official website: www.nmefoundation.org
Mission Statement of Nellie Mae Education Foundation Inc
The Nellie Mae Education Foundation is a Massachusetts-based not-for-profit organization with a mission to champion efforts that prioritize community goals and challenge racial inequities in public education for all New England youth. Established with a student-centered approach, the Foundation supports educational organizations and schools, focusing on racial equity in public education and combating anti-Black structural racism. Their grantmaking strategy includes capacity building, partnerships, advocacy, and other supporting activities.
The Foundation's commitment to racial equity is demonstrated through its support of organizations led by people of color. These organizations are best positioned to lift up the voices of students and families who have been historically excluded from decision-making. By providing multi-year general operating support, the Foundation aims to increase the financial freedom and organizational stability of these groups, allowing them to advance their missions and support young people in racially just public education systems. The Foundation distributed $4.7 million to educational organizations led by people of color in this regard.
Moreover, the Foundation recognizes the importance of amplifying youth voice and leadership in educational organizations. Young people, particularly those of color, experience educational inequities firsthand, yet their input is often left out of discussions about solutions. The Foundation supports the capacity of individual youth organizing groups while fostering collaboration through a New England-wide network. This approach enables youth to build power, increase momentum, and strengthen their collective impact on education in the region. The Foundation distributed $3.2 million to several educational organizations to amplify youth voice and become part of the decision-making process.
Impact
This information is meant to be a general summary of Nellie Mae Education Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Nellie Mae Education Foundation Inc champions efforts that prioritize community goals challenging racial inequities and advancing excellent, student-centered public education for all New England youth. Through grantmaking, capacity building, partnerships, and advocacy, the foundation supports educational organizations led by people of color in addressing racial inequities in education. They amplify youth voice and leadership, advance educational community-school partnerships, and strengthen educational partnerships and movement building to achieve lasting change in the education system.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Organization Details
Founding Year
1998
Phone
(781) 348-4200
Principal Officer
Michael Carey
Main Address
1250 HANCOCK STREET 701N, QUINCY, MA, 02169
Website
www.nmefoundation.org
NTEE Category
Code: B120 - Education
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