Overview
What is National Education Equity Lab Inc?
National Education Equity Lab Inc is a nonprofit organization situated in New York City, specifically at 648 Broadway, with a focus on fostering economic and social mobility for students, particularly those from low-income and historically underserved communities. Their mission revolves around forging a unique relationship between colleges and high schools, grounded in the belief that while talent is evenly distributed, opportunities are not. They achieve this by enabling high school students from underrepresented communities to take actual college courses taught by college professors, thereby building the necessary skills and confidence for college applications and success. The organization offers online credit-bearing courses from top colleges and universities, supported by one-on-one college mentors to guide students through the application, matching, and financial aid processes.
Official website here: www.edequitylab.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The National Education Equity Lab Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting strong financial health and accountability. With an accountability and finance score of 97%, the organization demonstrates a commitment to transparency, having a majority of independent board members and robust financial oversight practices. Their program expense ratio of 83.19% indicates a significant focus on direct services.
In addition to financial accountability, the organization excels in culture and community engagement, scoring 98%. They have received perfect marks in feedback collection and utilization, showcasing their dedication to incorporating constituent input into their operations. The equity strategies score of 97 signifies their commitment to promoting equity in education.
While the organization shows exceptional strengths, it is important to continue monitoring their performance and adaptability in line with evolving educational needs. Overall, their solid financial practices and strong community ties position them well in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is National Education Equity Lab Inc legitimate?
National Education Equity Lab Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Education Equity Lab 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: $539,492
Professional Fundraising Fees: $0
Other Salaries and Wages: $964,508
For more financial information, click here
Official website here: www.edequitylab.org
What is the mission statement of National Education Equity Lab Inc?
National Education Equity Lab Inc's mission is centered around promoting economic and social mobility for students, with a particular focus on those from low-income and historically underserved backgrounds. The organization aims to bridge the opportunity gap, believing that while talent is evenly distributed, opportunities are not. To achieve this, National Education Equity Lab Inc enables high school students from historically underserved communities to take actual college courses from college professors. This initiative allows students to develop the necessary skills and confidence to apply to and succeed in college.
Official website here: www.edequitylab.org
Who is the CEO of National Education Equity Lab Inc?
Leslie Cornfeld is the Founder & President of National Education Equity Lab Inc.
Official website here: www.edequitylab.org
What is the revenue of National Education Equity Lab Inc?
National Education Equity Lab Inc's revenue in 2022 was $3,815,874.
Official website here: www.edequitylab.org
Who are the executives of National Education Equity Lab Inc and what are their salaries?
The average compensation at National Education Equity Lab Inc during 2022 was $71,619. There are 21 employees and 11 volunteers at National Education Equity Lab Inc.
Here are 15 key members and their salaries:
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- Compensation: $191,526
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- Other: $3,942
- Compensation: $169,699
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- Other: $7,783
Official website here: www.edequitylab.org
Where can I find the form 990 for National Education Equity Lab Inc?
National Education Equity Lab Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.edequitylab.org
Learn more at the official website: www.edequitylab.org
Mission Statement of National Education Equity Lab Inc
National Education Equity Lab Inc, with a focus on low-income and historically underserved students, aims to forge a novel relationship between colleges and high schools. The organization believes that while talent is evenly distributed, opportunities are not. To achieve this, National Education Equity Lab Inc enables high school students from historically underrepresented communities to take actual college courses from college professors. This initiative empowers these students to build the necessary skills and confidence to apply to and succeed in higher education. By bridging this gap, the organization hopes to create equal opportunities for all students, thereby promoting economic and social mobility.
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Impact
July, 2024
National Education Equity Lab Inc's impact lies in propelling economic and social mobility for students, particularly those from low-income and historically underserved backgrounds. By delivering online credit-bearing courses from top colleges and universities into teacher-led high school classrooms nationwide, the organization is reshaping the traditional education landscape. Additionally, providing one-on-one college mentors to assist students in navigating the complex college application, matching, and financial aid process further enhances their chances of success. Through these initiatives, National Education Equity Lab Inc is working towards creating a more equitable educational system by ensuring that all students, regardless of their background, have access to the resources and support needed to excel in higher education.
This information is meant to be a general summary of National Education Equity Lab 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: $31
- Program Service Revenue: $1,046,585
- Gross Receipts: $3,815,874
Assets and Liabilities:
- Total Assets: $2,779,953
- Total Liabilities: $752,626
- Net Assets: $2,027,327
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COLLEGE COURSE INSTRUC
Revenue
$1,046,585
Organization Details
Founding Year
2019
Phone
(917) 837-2200Principal Officer
Leslie Cornfeld
Main Address
648 BROADWAY 603, NEW YORK, NY, 100122348
Website
www.edequitylab.orgNTEE Category
Code: B25 - Education
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