The Institute For Educational Advancements Inc
- Assets
- $3.0m
- Revenue
- -$481.9k
- Investments
- $2.9m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 05/2009
- Data as of
- 12/2023
- EIN
- 26-3981686
Organization Overview
The Institute For Educational Advancements Inc is located in Atlanta, GA. The organization was established in 2009. According to its NTEE Classification (B94) the organization is classified as: Parent & Teacher Groups, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Educational Advancements Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Institute For Educational Advancements Inc has awarded 209 individual grants totaling $2,675,008. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE CONTRIBUTION
CHARITABLE CONTRIBUTION
CHARITABLE CONTRIBUTION
SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Ornstein President | 0 | $0 | |
Michael Bean Director | 0 | $0 | |
Anna Parker Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $37,715 |
| Dividends & Interest | $37,319 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$556,899 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$481,865 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,597 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,893 |
| Total operating and administrative expenses | $20,820 |
| Contributions, gifts, grants paid | $363,669 |
| Total expenses and disbursements | $384,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,349 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,947,205 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,979,554 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Institute For Educational Advancements Inc has awarded $363,669 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
MERCER UNIVERSITY PURPOSE: SCHOLARSHIP | $1,836 |
EMORY UNIVERSITY PURPOSE: SCHOLARSHIP | $7,898 |
THE UNIVERSITY OF TENNESSEE HEALTH PURPOSE: SCHOLARSHIP | $16,690 |
ATLANTA'S JOHN MARSHALL LAW SCHOOL PURPOSE: SCHOLARSHIP | $6,755 |
UNIVERSITY OF GEORGIA PURPOSE: SCHOLARSHIP | $3,599 |
WALTERS STATE COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP | $9,430 |