Nonprofit screen
Screen a listNellie Mae Education Foundation Inc
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- No record
- Charity type
- 509(a)(1)
$41Mrevenue
FY2024 · −57% in 3 yrs19staff
5 of 5years filed
’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin26.8%
Months of reserve0.7mo
Revenue growth (annualized)+9.3%
Middle half of peersMedianNellie Mae Education
Where the money goes FY2024 · $30M spent
Programs$26M85%Management and general$4.4M15%990 FY2024 · Part IX line 25
Worth checking1
Deficits in 2 of the last 3 years
−$3.1M in FY2022 and −$1.7M in FY2023. Cash covers 0.7 months, under the peer median of 3.3.
990 Part I and balance sheetIn its favor2
Strong governance
15 of 15 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VIGrowing faster than peers
Revenue up 9% a year since FY2020, faster than half of similar nonprofits.
990 Part I · peer cohort5funders
$337ka year, last 3 years
49%from its largest funder
Funder’18’19’20’21’22’23Barr FoundationSince FY2021$100k$200k$200kGates FoundationOn and off$150kAsian American Resource Workshop IncOn and off$11kThe Overbrook FoundationOn and off$5kDonor-advised giftsDonors not disclosed$500k
FundedThrough a donor-advised fund