Overview
What is Partnership For Education Advancement Inc?
The Partnership for Education Advancement Inc is a New York-based 501(c)(3) not-for-profit organization dedicated to fostering social mobility by strengthening mission-focused colleges and universities, primarily serving students of color, first-generation, and low-income students and families. Their efforts include developing, piloting, and implementing technology and operational solutions, collaborating with organizations like Thurgood Marshall College Fund and the United Negro College Fund on strategies for HBCU transformation, and creating an enrollment technology system for partner schools. They also establish a knowledge-sharing community portal to facilitate information exchange and partner with mission-aligned service providers to further advance the goals of their college and university partners. Their commitment is aligned with students' future success through sustainable, scalable, and broadly adoptable solutions.
Official website here: www.edadvancement.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Partnership For Education Advancement Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting strong accountability and financial health. With a 97% score in Accountability & Finance, the organization demonstrates effective management of its funds, evidenced by a low liabilities to assets ratio of 14.14% and a high program expense ratio of 97.41%. Additionally, their fundraising efficiency is notable at just $0.002, indicating that they generate significant support for their initiatives at a low cost.
The organization excels in collecting and utilizing constituent feedback, earning perfect scores in these areas. This highlights their commitment to listening to and incorporating community input into their operations and programs, further enhancing their impact. Their Culture & Community score of 89 indicates a healthy organizational environment that fosters engagement and collaboration.
However, while their equity strategies score of 83 shows a commitment to equity, there is room for improvement in this area. Overall, Partnership For Education Advancement Inc stands out for its transparency, strong financial practices, and responsiveness to community needs.
This AI summary has been generated from information found on Charity Navigator.
Is Partnership For Education Advancement Inc legitimate?
Partnership For Education Advancement Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Partnership For Education Advancement 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: $547,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,817,594
For more financial information, click here
Official website here: www.edadvancement.org
What is the mission statement of Partnership For Education Advancement Inc?
The Partnership for Education Advancement is a not-for-profit organization dedicated to social mobility through the strengthening of mission-focused colleges and universities. Primarily serving students of color, first-generation, and low-income students and families, the organization is committed to aligning resources and investments with their future success in measurable ways. The Partnership acknowledges and upholds the capacity of minority serving institutions to lead equity efforts. Transformation requires sustainable, scalable, and broadly adoptable solutions, which the organization strives to develop and implement. The Partnership has collaborated with organizations like the Thurgood Marshall College Fund and the United Negro College Fund, developing strategies and customizing solutions to strengthen and transform school operations and infrastructure. They have also developed an enrollment technology system for adoption by partner schools and a knowledge-sharing community portal to promote information and learning exchange among colleges and universities. The organization partners with mission-aligned service providers to advance the efforts and goals of partner colleges and universities.
Official website here: www.edadvancement.org
Who is the CEO of Partnership For Education Advancement Inc?
James Runcie is the Chairman of Partnership For Education Advancement Inc. The CEO's salary of Partnership For Education Advancement Inc is $254,228 and their total compensation is $270,000.
Official website here: www.edadvancement.org
What is the revenue of Partnership For Education Advancement Inc?
Partnership For Education Advancement Inc's revenue in 2022 was $23,831,423.
Official website here: www.edadvancement.org
Who are the executives of Partnership For Education Advancement Inc and what are their salaries?
The average compensation at Partnership For Education Advancement Inc during 2022 was $134,604. There are 25 employees and 7 volunteers at Partnership For Education Advancement Inc.
Here are 13 key members and their salaries (Partnership For Education Advancement Inc's CEO's salary is $254,228 and their total compensation is $270,000):
- Compensation: $0
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- Other: $0
- Compensation: $254,228
- Related: $0
- Other: $15,772
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $277,500
- Related: $0
- Other: $0
- Compensation: $328,057
- Related: $0
- Other: $21,942
- Compensation: $243,000
- Related: $0
- Other: $27,000
- Compensation: $221,838
- Related: $0
- Other: $28,162
- Compensation: $189,250
- Related: $0
- Other: $23,250
- Compensation: $163,694
- Related: $0
- Other: $23,806
Official website here: www.edadvancement.org
Where can I find the form 990 for Partnership For Education Advancement Inc?
Partnership For Education Advancement Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.edadvancement.org
Learn more at the official website: www.edadvancement.org
Mission Statement of Partnership For Education Advancement Inc
The Partnership For Education Advancement, a 501(c)(3) not-for-profit organization, is dedicated to promoting social mobility by strengthening mission-focused colleges and universities that primarily serve low-income, first-generation, and under-resourced students and families. The organization is committed to aligning resources and investments with students' future success in tangible and measurable ways.
The Partnership For Education Advancement's mission revolves around supporting institutions that cater to students of color, as well as first-generation and low-income students. By acknowledging and upholding the capacity of minority serving institutions, including Historically Black Colleges and Universities (HBCUs), to lead equity efforts, the organization strives for transformation through sustainable, scalable, and broadly adoptable solutions.
In practice, the Partnership For Education Advancement has developed, piloted, and implemented various solutions and services for mission-focused colleges and universities, improving their technology and operations for enrollment, student success, and advancement goals. Partnering closely with organizations like the Thurgood Marshall College Fund (TMCF) and the United Negro College Fund (UNCF), the organization has created strategies and customized solutions to strengthen and transform school operations and infrastructure. Additionally, they have developed an enrollment technology system solution for adoption by partner schools, increasing efficiency and data integrity in enrollment processes, and a programming and knowledge-sharing community portal to facilitate information exchange among colleges and universities. The organization also collaborates with mission-aligned service providers, furthering the efforts and goals of partner colleges and universities.
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Impact
October, 2024
Partnership For Education Advancement Inc significantly impacts social mobility by focusing on enhancing the capabilities of mission-driven colleges and universities that primarily serve low-income, first-generation, and under-resourced students. The organization is dedicated to aligning its resources and investments with the future success of students, ensuring measurable outcomes.
One of its key strategies involves collaborating with minority-serving institutions, including Historically Black Colleges and Universities (HBCUs), to strengthen efforts in promoting equity in education. The organization has developed, piloted, and implemented targeted solutions to improve technology and operational processes that bolster enrollment, student success, and advancement.
Through initiatives like the HBCU Transformation Project, Partnership For Education Advancement Inc works closely with well-established entities such as the Thurgood Marshall College Fund and the United Negro College Fund. This partnership has led to the creation of customized strategies and solutions aimed at transforming school operations and infrastructure.
To further support its partner institutions, the organization has introduced an enrollment technology system designed to enhance efficiency and ensure data integrity in enrollment processes. Additionally, it has established a knowledge-sharing community portal, facilitating the exchange of information and best practices among colleges and universities.
Overall, Partnership For Education Advancement Inc plays a pivotal role in empowering educational institutions that cater to historically marginalized students, driving sustainable and scalable solutions that contribute to their long-term success.
This information is meant to be a general summary of Partnership For Education Advancement 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 2022.
- Investment Income: $2,851
- Gross Receipts: $23,831,423
Assets and Liabilities:
- Total Assets: $44,587,407
- Total Liabilities: $6,308,220
- Net Assets: $38,279,187
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Organization Details
Founding Year
2018
Phone
(212) 893-8821Principal Officer
James Runcie
Main Address
499 PARK AVENUE 27TH FLOOR, NEW YORK, NY, 10022
Website
www.edadvancement.orgNTEE Category
Code: B82 - Education
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