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Education : Scholarship and Financial Support

Institute for Educational Advancement

Supporting our nation's most talented young people

four stars

92.22

569 South Marengo Avenue Pasadena, CA 91101
tel: (626) 403-8900   Web Site
EIN: 95-4695698

CEO
Elizabeth D. Jones
President

 
 
  Score
(out of 100) 		Rating
Overall Score & Rating 92.22 four stars
  Financial 100.00 four stars
  Accountability & Transparency 89.00 three stars
This rating was published 04/01/2018 and includes data from FY2016, the most recent 990 received at that time.
Why isn't this based on more recent data?

The Institute for Educational Advancement (IEA) is dedicated to supporting our nation's most talented young people to identify and develop their fullest potential. IEA focuses its attention on creating and supporting educational practices and policies that are student-centered and that promote academic rigor, high standards, excellence in the arts and educational innovation. The Institute crosses traditional educational boundaries by working in public, independent, parochial and alternative schools. IEA initiatives foster intellectual curiosity, the acquisition of knowledge, confidence, creativity, responsibility and moral decisiveness.

The Institute for Educational Advancement (IEA) is dedicated to supporting our nation's most talented young people to identify and develop their fullest potential. IEA focuses its attention on creating and supporting educational practices and policies that are student-centered and that promote academic rigor, high standards, excellence in the arts and educational innovation. The Institute crosses traditional educational boundaries by working in public, independent, parochial and alternative schools. IEA initiatives foster intellectual curiosity, the acquisition of knowledge, confidence, creativity, responsibility and moral decisiveness.

Learn more about how we calculate the overall score and rating.

Financial

four stars

100.00

Accountability & Transparency

three stars

89.00

This rating was published 04/01/2018 and includes data from FY2016, the most recent 990 received at that time.
Why isn't this based on more recent data?
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)		 92.3%
  Administrative Expenses 4.6%
  Fundraising Expenses 3.0%
  Fundraising Efficiency $0.03
  Working Capital Ratio (years) 2.08
  Program Expenses Growth 28.6%
  Liabilities to Assets 1.4%
All data for Financial Performance Metrics calculations was provided by Institute for Educational Advancement on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Institute for Educational Advancement on recent 990s filed with the IRS.
Information Provided on the Form 990  
  Independent Voting Board Members
  No Material diversion of assets
  Audited financials prepared by independent accountant
  Does Not Provide Loan(s) to or Receive Loan(s) From related parties
  Documents Board Meeting Minutes
  Provided copy of Form 990 to organization's governing body in advance of filing
  Conflict of Interest Policy
  Whistleblower Policy
  Records Retention and Destruction Policy
  CEO listed with salary
  Process for determining CEO compensation
  Board Listed / Board Members Not Compensated
Is the following information easily accessible on the charity's website?  
  Donor Privacy Policy
  Board Members Listed
  Audited Financials
  Form 990
  Key staff listed

Highly Rated

Charity Name & State Overall Score Overall Rating
Institute for Educational Advancement (CA) 92.22 four stars
Great Aspirations Scholarship Program (VA) 97.17 four stars
Thanks USA (VA) 89.39 three stars
Horizons for Youth (IL) 87.22 three stars
Page Education Foundation (MN) 88.72 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $5,452,761
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $15,084
   Related Organizations $0
   Government Grants $0
Total Contributions $5,467,845
   Program Service Revenue $316,699
Total Primary Revenue $5,784,544
   Other Revenue $-3,813
TOTAL REVENUE $5,780,731
   
EXPENSES  
   Program Expenses $4,772,013
   Administrative Expenses $136,026
   Fundraising Expenses $113,457
TOTAL FUNCTIONAL EXPENSES $5,021,496
   
Payments to Affiliates $0
Excess (or Deficit) for the year $759,235
   
Net Assets $8,780,275

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Scholarships $4,061,416 85.1%
Yunasa Summer Camps $262,608 5.5%
IEA Explore Program $246,141 5.1%

Ratings History
Institute for Educational Advancement has received 3 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2016-12 04/01/2018 92.22 four stars
2015-12 05/01/2017 92.22 four stars
2014-12 06/01/2016 92.22 four stars
 
CN 2.0
2014-12 04/01/2016 88.99 three stars
2013-12 07/01/2015 89.78 three stars
2012-12 05/01/2014 88.09 three stars
2011-12 06/01/2013 88.73 three stars
2010-12 04/01/2012 82.80 three stars
2009-12 09/20/2011 89.01 three stars
 
CN 1.0
2009-12 05/01/2011 95.97 four stars
2008-12 06/01/2010 80.96 three stars
2007-12 05/01/2009 95.99 four stars
2006-12 02/01/2008 95.56 four stars
2005-12 12/01/2006 92.00 four stars
2004-12 01/01/2006 77.68 two stars
2003-12 03/01/2005 84.09 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 95-4695698
Name in IRS Master File INSTITUTE FOR EDUCATIONAL ADVANCEMENT
NTEE Code B90
NTEE Classification Educational Services and Schools - Other
NTEE Type Educational Institutions and Related Activities
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (995) Described in section 509(a)(2) of the Code
(43) Other student aid
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date September, 1998
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)		 (Log In or Register Now to View Forms 990!)
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
  • December, 2012

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

Compensation % of Expenses Paid to Title
$201,800 4.01% Elizabeth D. Jones President

Highly Rated

Charity Name & State Overall Score Overall Rating
Institute for Educational Advancement (CA) 92.22 four stars
I Have A Dream Foundation - Los Angeles (CA) 92.18 four stars
Southern Scholarship Foundation (FL) 94.17 four stars
The Lyford Cay Foundation (NY) 85.66 three stars
Carson Scholars Fund (MD) 89.91 three stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Institute for Educational Advancement
569 South Marengo Avenue
Pasadena, CA 91101
tel: (626) 403-8900
fax: (626) 403-8905
EIN: 95-4695698

Visit Web Site

CEO

Elizabeth D. Jones
President

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