Institute for Educational Advancement

Nonprofit profile at a glance

EIN
954695698
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Pasadena, CA, USA
Phone
6264038900
Rating
80
Verdict
STRONG
Rating confidence
Standard
Sector
Educational Services and Schools - Other

Official website

Reported finances

Revenue
$2,821,392
Expenses
$3,149,785
Assets
$8,709,605
Liabilities
$175,125

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • ELIZABETH D JONES (PRESIDENT EMERITUS, SENIOR ADVISOR)
  • DEBORAH K MONROE START 924 (PRESIDENT)

Highest reported compensation

  • ELIZABETH D JONES (PRESIDENT EMERITUS, SENIOR ADVISOR): $327,391 total reported compensation
  • DEBORAH K MONROE START 924 (PRESIDENT): $98,968 total reported compensation
  • CHERYL BRIER START 524 (ASSISTANT SECRETARY): $90,704 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The institute for educational advancement (iea) is dedicated to the intellectual, creative, and personal growth in our nation's gifted and high potential youth. Central to the mission of iea is a commitment to the development of the whole child through engaging learning experiences that promote optimal challenge, mentorship, exploration of ideas, and recognition of personal potential. Iea seeks to connect like-minded individuals and supports a diverse community that creates a sense of belonging and affirmation.

What it reported doing in 2024

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 2024, iea named 26 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 to 191 students.

Operating model

Revenue model
Earned-program. 69% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 94% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 92
  • Accountability: 87
  • Sustainability: 38
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91.2%; rating input score 91
  • Program expense ratio: 81.2%; rating input score 81
  • Fundraising efficiency: $4.14 raised per $1 spent on fundraising; rating input score 13; 13th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 76.9%; rating input score 77; 13th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -11.6%; rating input score 12; 12th percentile among comparable filings
  • Total-asset coverage ratio: 2.77; rating input score 72; 72nd percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 17%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: -4.8% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -4.5% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: 5.3% per year; rating input score 100; 36th percentile among comparable filings

Details

  • Where the money goes: 91.2% of revenue deployed · 81.2% of spending went to programs
  • Governance: 10 of 13 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $2.6M in reported program spending
  • Leadership: top reported pay $327K · 14 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 37 of 37 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 13/100.
  • High — Sustainability: Operating margin scored 12/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.