The Institute For Educational Advancement
- Assets
- $8.8m
- Revenue
- $2.1m
- Investments
- $2.9m
- Employees
- 51
- Location
- Pasadena, CA
- Founding
- 09/1998
- Data as of
- 12/2023
- EIN
- 95-4695698
Organization Overview
The Institute For Educational Advancement is located in Pasadena, CA. The organization was established in 1998. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, Institute For Educational Advancement employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Educational Advancement is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Institute For Educational Advancement generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO SUPPORTING YOUNG INDIVIDUALS IN PURSUING THEIR FULL ACADEMIC AND PERSONAL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CAROLINE D. BRADLEY (CDB) SCHOLARSHIP IS A HIGHLY SELECTIVE SCHOLARSHIP OPPORTUNITY THAT IDENTIFIES EXCEPTIONALLY GIFTED MIDDLE SCHOOL STUDENTS AND REWARDS THEM WITH A FOUR-YEAR SCHOLARSHIP TO A HIGH SCHOOL THAT BEST FITS THEIR INTELLECTUAL AND PERSONAL NEEDS. AS PART OF THE SCHOLARSHIP, IEA OFFERS PERSONALIZED GUIDANCE DURING THE SCHOOL SEARCH PROCESS AND GUIDANCE THROUGHOUT THE SCHOLAR'S HIGH SCHOOL EXPERIENCE. IN 2023, IEA NAMED 27 NEW CAROLINE D. BRADLEY SCHOLARS, WHO WILL RECEIVE FOUR-YEAR, FULL-TUITION SCHOLARSHIPS TO THE HIGH SCHOOLS THAT BEST FIT THEIR PERSONAL AND ACADEMIC NEEDS. THESE SCHOLARS JOINED THE CURRENT COHORT OF STUDENTS, BRINGING THE TOTAL NUMBER OF SCHOLARSHIPS AWARDED IN 2023 TO 138 STUDENTS.
THE IEA ACADEMY PROGRAM PROVIDES STUDENTS IN KINDERGARTEN THROUGH 8TH GRADE WITH ADVANCED ENRICHMENT CLASSES THAT PROMOTE EXPLORATION AND APPLICATION OF KNOWLEDGE. COURSES PROVIDE COMPELLING CONTENT AND APPROPRIATE CHALLENGES TAUGHT AT A FLEXIBLE PACE WITH SMALL CLASSES BY HIGHLY QUALIFIED, DEDICATED PROFESSIONALS. DUE TO COVID 19, IEA ADDED PROGRAMMING IN A VIRTUAL FORMAT, WHICH ALSO ALLOWED THE PROGRAM TO SERVE STUDENTS NATIONALLY. OVER 400 STUDENTS ATTENDED ACADEMY CLASSES IN 2023.
YUNASA SUMMER CAMPS FOR GIFTED YOUTH PROVIDE EXCEPTIONALLY CAPABLE MIDDLE SCHOOL STUDENTS WITH A WEEK-LONG RESIDENTIAL SUMMER EXPERIENCE. THE PROGRAM IS DESIGNED TO SERVE HIGHLY-GIFTED YOUNGSTERS AGES 10 TO 14 WHO ARE ENGAGED IN A MIDDLE SCHOOL CURRICULUM. YUNASA TEACHES PARTICIPANTS TO BALANCE THEIR INTELLECTUAL GIFTS WITH THEIR EMOTIONAL, SOCIAL, SPIRITUAL AND PHYSICAL DEVELOPMENT THROUGH SELF REFLECTION AND PERSONAL APPLICATION. YUNASA ALSO OFFERS AN EMERGING LEADER PROGRAM FOR RETURNING CAMPERS AGES 15 AND 16 AND A COUNSELOR-IN-TRAINING EXPERIENCE FOR ITS 16 AND 17 YEAR OLD VETERANS. IEA SERVED 106 GIFTED YOUTH AGES 10-17 THROUGH THE PROGRAM THIS YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth D Jones President | OfficerTrustee | 40 | $257,000 |
Byron Lichtenstein Chairman | OfficerTrustee | 1 | $0 |
Michael W Grebe Secretary | OfficerTrustee | 1 | $0 |
Alexandra Russell Vice Chairman | OfficerTrustee | 1 | $0 |
Sophia B Barron Director | Trustee | 1 | $0 |
Hap Deneen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $17,429 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $587,544 |
| Noncash contributions included in lines 1a–1f | $9,654 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $604,973 |
| Total Program Service Revenue | $1,406,775 |
| Investment income | $80,074 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$23,360 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,068,462 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $88,964 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $399,504 |
| Compensation of current officers, directors, key employees. | $44,257 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $957,376 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $117,804 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,930 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,673 |
| Fees for services: Other | $321,185 |
| Advertising and promotion | $8,063 |
| Office expenses | $62,286 |
| Information technology | $156,774 |
| Royalties | $0 |
| Occupancy | $25,030 |
| Travel | $189,808 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,328 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,047 |
| Insurance | $9,439 |
| All other expenses | $8,800 |
| Total functional expenses | $2,454,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $587,985 |
| Savings and temporary cash investments | $1,615,100 |
| Pledges and grants receivable | $7,554 |
| Accounts receivable, net | $431,868 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,382 |
| Net Land, buildings, and equipment | $3,199,727 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,907,843 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,757,459 |
| Accounts payable and accrued expenses | $96,159 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,705 |
| Total liabilities | $98,864 |
| Net assets without donor restrictions | $4,432,296 |
| Net assets with donor restrictions | $4,226,299 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,757,459 |