Overview
What is The Educational Alliance Inc?
The Educational Alliance Inc, based in New York City, is a renowned nonprofit organization with a rich history of serving the Lower East Side community for over 130 years. They are committed to enriching lives and fostering vibrant communities through diverse and inclusive programming. Their flagship center, Manny Cantor Center, offers a range of award-winning services, including an early childhood center, fitness center, older adult center, art school, teen center, and a family resource center. The Alliance's mission focuses on education, social services, arts exposure, health, and intergenerational learning opportunities. With 946 employees, they currently serve approximately 50,000 New Yorkers annually through 38 programs, which include preschools, camps, after-school programs, senior centers, health and wellness initiatives, arts and culture classes, counseling services, and addiction recovery programs. These intergenerational and cross-cultural activities bring together individuals from various backgrounds and age groups, encouraging mutual learning and growth.
Official website here: www.edalliance.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 88%, Three-Star out of Four Star rating.
The Educational Alliance Inc has received an 88% score from Charity Navigator, indicating a solid performance in accountability and finance. This score reflects effective governance, with 100% of board members being independent and a strong emphasis on transparency through the availability of key documents like tax forms and meeting minutes. The organization also boasts a high program expense ratio of 82.38%, demonstrating a commitment to directing funds towards its programs.
While the organization displays numerous strengths in governance and transparency, it does face some challenges regarding its liabilities to assets ratio, which stands at 66.56%. This ratio suggests that the organization carries a significant amount of liabilities in comparison to its assets, which may raise concerns about long-term financial sustainability. However, the absence of material diversion of assets further reinforces its reliability as a nonprofit.
Overall, The Educational Alliance Inc shows a commitment to maintaining high standards in financial management and accountability, making it a trustworthy option for potential donors. Nevertheless, prospective supporters may want to consider the implications of its liability levels when deciding to contribute.
This AI summary has been generated from information found on Charity Navigator.
Is The Educational Alliance Inc legitimate?
The Educational Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Educational Alliance 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $975,615
Professional Fundraising Fees: $0
Other Salaries and Wages: $27,468,071
For more financial information, click here
Official website here: www.edalliance.org
What is the mission statement of The Educational Alliance Inc?
The Educational Alliance is a non-profit organization that significantly enhances the lives of individuals in various communities by offering education, social services, arts exposure, health and well-being programs, and opportunities for people of all ages and backgrounds to learn, create, and interact. Annually serving 50,000 New Yorkers through 38 diverse programs, such as preschools, camps, after-school programs, senior centers, health and wellness initiatives, arts and culture classes, counseling services, and addiction recovery programs. The intergenerational and cross-cultural activities brought about by these programs enable individuals from diverse backgrounds and age groups to learn from and with one another.
Official website here: www.edalliance.org
Who is the CEO of The Educational Alliance Inc?
Anya Hoerburger is the CEO of The Educational Alliance Inc The CEO's salary of The Educational Alliance Inc is $261,318 and their total compensation is $291,570.
Official website here: www.edalliance.org
What is the revenue of The Educational Alliance Inc?
The Educational Alliance Inc's revenue in 2023 was $49,289,874.
Official website here: www.edalliance.org
Who are the executives of The Educational Alliance Inc and what are their salaries?
The average compensation at The Educational Alliance Inc during 2023 was $29,054. There are 979 employees and 700 volunteers at The Educational Alliance Inc.
Here are 37 key members and their salaries (The Educational Alliance Inc's CEO's salary is $261,318 and their total compensation is $291,570):
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Official website here: www.edalliance.org
Where can I find the form 990 for The Educational Alliance Inc?
The Educational Alliance Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.edalliance.org
Learn more at the official website: www.edalliance.org
Mission Statement of The Educational Alliance Inc
The Educational Alliance, a renowned nonprofit organization, strives to enhance the lives of New Yorkers and enrich their communities through education, comfort, social services, arts exposure, and promotion of health and well-being. The Alliance brings together individuals of various ages and backgrounds to learn, create, and play.
This dynamic organization serves over 50,000 New Yorkers annually through 38 programs, which include preschools, camps, after-school programs, senior centers, health and wellness programs, arts and culture classes, counseling services, and addiction recovery programs. All of these initiatives feature intergenerational and cross-cultural activities, allowing for valuable learning experiences between different age groups and ethnicities.
The Educational Alliance's mission is to provide opportunities for personal growth and community engagement. Its education initiatives lay the foundation for a strong start in life, from Head Start programs for young children to after-school programs that keep students engaged and supported. For older adults, the Alliance offers Senior Centers, where they can socialize, learn new skills, and remain active members of their communities. To address specific needs, the organization offers addiction treatment and counseling services.
The Alliance's commitment to health and wellness is reflected in its fitness programs, designed to promote physical activity and overall well-being. Additionally, its arts programs offer a creative outlet for self-expression and cultural exploration, allowing participants to discover new talents and passions. The Educational Alliance truly embodies a community hub, where people can come together, learn, and grow.
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Impact
October, 2024
The Educational Alliance Inc. has a profound and transformative impact on the communities of Downtown Manhattan, particularly enhancing the lives of approximately 50,000 New Yorkers each year through its diverse range of services. By offering programs that cater to all ages—from early childhood through senior services—it fosters a sense of belonging and connection among individuals from different backgrounds.
The Manny Cantor Center, as the flagship community hub, has been a cornerstone for over 130 years, exemplifying values of diversity and inclusion. It provides award-winning early childhood education, vibrant arts programming, fitness and wellness initiatives, and civic engagement opportunities. These offerings not only promote personal growth and health but also encourage intergenerational and cross-cultural interactions, allowing community members to learn from and with one another.
Programs like Head Start, after-school initiatives, addiction treatment, and summer camps reflect a commitment to education, health, and well-being. The organization also prioritizes creativity and expression through its art school and cultural classes, enriching the community’s cultural landscape. By bringing together individuals of all ages and backgrounds, The Educational Alliance Inc. plays a vital role in enhancing social cohesion and improving overall quality of life in the vibrant and diverse urban environment of New York City.
This information is meant to be a general summary of The Educational Alliance Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
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 2023.
- Investment Income: $257,503
- Program Service Revenue: $17,916,625
- Gross Receipts: $51,272,274
Assets and Liabilities:
- Total Assets: $42,882,667
- Total Liabilities: $27,052,587
- Net Assets: $15,830,080
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$17,812,152
DEVELOPERS FEE INCOME
Revenue
$104,473
Organization Details
Founding Year
1889
Principal Officer
Anya Hoerburger
Website
www.edalliance.orgNTEE Category
Code: P20 - Human services
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