2024-02-21T13:18:22-06:00 2023-08-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2022-09-01 237035089 THE NEA FOUNDATION FOR THE IMPROVEMENT OF EDUCATION NEAF 2028227840 1201 16TH STREET NW 416 WASHINGTON DC 20036 SARA A SNEED PRESIDENT & CEO 2028227840 2024-02-21 1 SARA SNEED 999009999 0 RICHARD J LOCASTRO CPA P00288314 3019519090 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SARA A SNEED 1201 16TH STREET NW 416 WASHINGTON DC 20036 17633887 0 X WWW.NEAFOUNDATION.ORG X 1969 DC THE FOUNDATION WORKS IN PARTNERSHIP W/ OTHERS TO PROMOTE THE VERY BEST IN PUBLIC EDUCATION. 25 24 19 35 0 6021 3693465 3352115 0 0 10084065 -117539 0 0 13777530 3234576 2379677 1846639 0 0 1811385 1841783 0 0 343056 2429314 2172275 6620376 5860697 7157154 -2626121 46299667 47215857 2484587 2364054 43815080 44851803 X THE NEA FOUNDATION (THE FOUNDATION), WORKS IN PARTNERSHIP WITH OTHERS TO PROMOTE THE VERY BEST IN PUBLIC EDUCATION. 0 0 837281 740500 COMMUNITY SCHOOLS INITIATIVE - THE NEA FOUNDATION REPRESENTS A NEW PARTNERSHIP AMONG EDUCATORS, ADVOCATES, ORGANIZERS, PARENTS, POLICYMAKERS AND PUBLIC OFFICIALS ACROSS EAST BATON ROUGE PARRISH, LA., LITTLE ROCK, ARK., AND JACKSON, MISS. AT THE LOCAL AND REGIONAL LEVELS, THESE PARTNERSHIPS ARE COMMITTED TO AN EXPANSION OF COMMUNITY SCHOOLS THROUGHOUT THEIR OWN LOCAL EDUCATION AGENCY, INCLUDING RURAL SCHOOLS. 713096 657909 GRANTS TO EDUCATORS - TO IMPROVE STUDENT LEARNING, THE FOUNDATION PROVIDES GRANTS TO INDIVIDUALS AND TEAMS OF EDUCATORS TO SUPPORT INSTRUCTIONAL PRACTICE AND PROFESSIONAL DEVELOPMENT ACROSS ALL SUBJECT AREAS AND GRADE LEVELS. BY DIRECTLY FUNDING EDUCATOR-CONCEIVED AND LED PROJECTS, THE FOUNDATION ENABLES EDUCATORS TO CHART THEIR OWN COURSE TO SOLVE TEACHING AND LEARNING CHALLENGES. THE FOUNDATION GLEANS KNOWLEDGE FROM THESE GRANTS TO SHARE WHAT WORKS WITH THE FIELD AND TO INFORM OUR BROADER BODY OF WORK. 581632 90000 AWARDS FOR TEACHING EXCELLENCE/GALA - THE FOUNDATION PRESENTS THE AWARDS FOR TEACHING EXCELLENCE AT OUR ANNUAL GALA TO HONOR THE CRITICAL WORK THAT PUBLIC SCHOOL EDUCATORS DO EVERY DAY. IN 2023, WE CELEBRATED 46 EXEMPLARY EDUCATORS, ALL FROM DIFFERENT STATES, IN FRONT OF A LIVE AUDIENCE AND ALSO JOINED BY THOUSANDS OF PEOPLE ONLINE. 1571510 12500 PROGRAM ADMINISTRATION 336841 336840 NEW PROGRAM DEVELOPMENT & RESPONSIVE GRANTMAKING 26390 8890 PARTNERSHIPS 419251 GLOBAL LEARNING FELLOWSHIP 2353992 358230 4486001 1 1 0 0 0 0 0 0 1 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 80 0 1 19 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 25 24 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AR CA FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WV WI X X ERIC JAMES 2028227843 1201 16TH STREET NW 416 WASHINGTON DC 20036 SARA SNEED PRESIDENT & CEO 37.50 X X 288014 0 46754 VALERIA LASSITER CHAIR 10.00 X X 0 0 0 NICK ARCHULETA VICE-CHAIR 2.00 X X 0 0 0 JOY WHITLOW SECRETARY-TREASURER 2.00 X X 0 0 0 AARO JEAN BELL DIRECTOR 1.00 X 0 0 0 DAAIYAH BILAL-THREATS DIRECTOR 1.00 X 0 0 0 BRET CONKLIN DIRECTOR 1.00 X 0 0 0 TIA DOWDELL DIRECTOR 1.00 X 0 0 0 BERTIS DOWNS DIRECTOR 1.00 X 0 0 0 LAURA ENGEL DIRECTOR 1.00 X 0 0 0 OLETA GARRETT FITZGERALD DIRECTOR 1.00 X 0 0 0 ERICA WEBBER JONES DIRECTOR 1.00 X 0 0 0 JOANNE KRELL DIRECTOR 1.00 X 0 0 0 BRENT MCKIM DIRECTOR 1.00 X 0 0 0 PEDRO NOGUERA DIRECTOR 1.00 X 0 0 0 JEROME PAIGE DIRECTOR 1.00 X 0 0 0 ROGER POLLAK DIRECTOR 1.00 X 0 0 0 BECKY PRINGLE DIRECTOR 1.00 X 0 0 0 JANE QUIN DIRECTOR 1.00 X 0 0 0 DENISE SHEEHAN DIRECTOR 1.00 X 0 0 0 MARCY SINGER-GABELLA DIRECTOR 1.00 X 0 0 0 DERRON WALLACE DIRECTOR 1.00 X 0 0 0 MONICA WASHINGTON DIRECTOR 1.00 X 0 0 0 JERRY WEAST DIRECTOR 1.00 X 0 0 0 ROSS WIENER DIRECTOR 1.00 X 0 0 0 ERIC JAMES CFO (EXCEPT 1/1-7/14/2022) 37.50 X 81269 0 541 PAMELA PINKETT INTERIM CFO (1/1-7/14/2022) 37.50 X 128327 0 14027 MARGARET PORTA COO 37.50 X 166088 0 46355 ELIZABETH SCHNIEDER COSI (UNTIL 2/2023) 37.50 X 185527 0 64354 ANDREW GRABEL SVP OF COMMUNICATIONS 37.50 X 131717 0 14365 980942 0 186396 5 0 1 0 EF WORLD JOURNEY'S TWO EDUCATION CIRCLE CAMBRIDGE MA 02141 TRAVEL BOOKING 250919 EDUCATION FIRST CONSULTING LLC PO BOX 22871 SEATTLE WA 981220871 MGMT CONSULTING/ORG REVIEW 194250 NEPC LLC DEPARTMENT 3570 BOX 4110 WOBURN MA 01888 INVESTMENT CONSULTANT 165000 LEADING AUTHORITIES INC 1725 I STREET NW SUITE 200 WASHINGTON DC 20006 GALA CONSULTANT 128031 RIDGEWELLS CATERING 5525 DORSEY LANE BETHESDA MD 20816 GALA CATERING 114450 5 307991 3044124 3352115 460008 460008 13643824 14221371 -577547 -577547 -577547 177940 307991 177940 0 3234576 0 0 -117539 X 1053006 1053006 793633 793633 752828 324847 282184 145797 831056 751977 3631 75448 55211 47767 3180 4264 92304 71754 12330 8220 110384 77205 17761 15418 11540 9620 1447 473 27000 20997 4530 1473 236817 236817 966444 715798 189135 61511 10691 6026 3353 1312 104774 59058 32860 12856 10500 10500 561575 432116 126525 2934 22969 12947 7204 2818 208 208 5245 3672 839 734 32428 18279 10170 3979 BAD DEBT 75000 75000 EQUIP. RENTAL & MAINT. 51222 51222 DUES & MEMBERSHIPS 25202 14206 7904 3092 GIVEAWAYS 13531 1716 11190 625 17129 9655 5372 2102 5860697 4486001 1031640 343056 1498219 1634047 493503 195332 449700 107655 35422 37448 83626 122537 99594 96202 8637 3392 25489534 21975857 18241026 23139589 46299667 47215857 436707 364546 1849579 1772191 18000 192418 207306 5883 2011 2484587 2364054 X 43490283 44607976 324797 243827 43815080 44851803 46299667 47215857 -2626121 3662844 0 X 0 1 X 1 0 X 2827428 2655770 2078883 3693465 3352115 14607661 2827428 2655770 2078883 3693465 3352115 14607661 2201308 12406353 708682 866090 541407 1051215 460008 3627402 18235063 0.68040 0.72500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 57903 54511 3392 41691 41691 0 3392 MASTER LIMITED PARTNERSHIP FUNDS 23139589 F 23139589 CAPITAL LEASE OBLIGATIONS 2011 2011 X 7099663 3662844 261120 177940 4101904 2997759 236817 236817 3234576 6062940 261120 177940 439060 5623880 236817 236817 5860697 PART IV, LINE 2B: THE FOUNDATION ACTS AS FISCAL SPONSOR FOR TWO SCHOLARSHIP FUNDS OF THE NATIONAL EDUCATION ASSOCIATION (NEA), AND THE KENTUCKY EDUCATION ASSOCIATION, STATE AFFILIATE. AS CUSTODIAN, THE FOUNDATION INVESTS AND MANAGES THE SCHOLARSHIP PROGRAM WITH RESPECTIVE SUPPORT FROM NEA AND ITS AFFILIATE. ALL TRANSACTIONS RELATED TO THESE FUNDS ARE RECORDED AS TEMPORARILY RESTRICTED ACTIVITY IN THE FOUNDATION'S ACCOUNTING RECORDS. PART X, LINE 2: FOR THE YEAR ENDED AUGUST 31, 2023, THE FOUNDATION HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES REPORTED AS EXPENSES ON THE 177,940. FINANCIAL STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990, PART VIII, LINE 8B. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES REPORTED AS EXPENSES ON THE 177,940. FINANCIAL STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990, PART VIII, LINE 8B. GALA 485931 307991 177940 17000 160940 485931 307991 177940 17000 160940 177940 0 1 CITY OF LITTLE ROCK CO LITTLE ROCK PUBLIC SCHOOLS 500 W MARKHAM ST LITTLE ROCK AR 72201 716014465 501(C)(3) 198000 0 COMMUNITY SCHOOLS BATESVILLE SCHOOL DISTRICT 955 WATER STREET BATESVILLE AR 72501 716020722 501(C)(3) 150000 0 COMMUNITY SCHOOLS INSTITUTE FOR EDUCATIONAL LEADERSHIP 4301 CONNECTICUT AVE NW WASHINGTON DC 20008 521198450 501(C)(3) 141841 0 COMMUNITY SCHOOLS RURAL COMMUNITY ALLIANCE 401 S SCOTT ST LITTLE ROCK AR 72201 251917387 501(C)(3) 34000 0 COMMUNITY SCHOOLS AEH COMMUNITY HEALTH SERVICES CENTER INC 510 HIGHWAY 322 CLARKSDALE MS 38614 640624495 501(C)(3) 150000 0 COMMUNITY SCHOOLS COMMUNITY FOUNDATION FOR MISSISSIPPI 119 SOUTH PRESIDENT DRIVE FIRST FLOOR JACKSON MS 39201 640845750 501(C)(3) 66000 0 COMMUNITY SCHOOLS LOUISIANA ASSOCIATION OF EDUCATORS 8322 ONE CALAIS AVENUE BATON ROUGE LA 70809 720824390 501(C)(5) 67500 0 COMMUNITY SCHOOLS ONE VOICE 1072 JR LYNCH STREET SUITE 7 JACKSON MS 39203 020787550 501(C)(3) 82000 0 COMMUNITY SCHOOLS INTERNATIONAL COMMUNITY HIGH SCHOOL 345 BROOK AVENUE BRONX NY 10454 136400434 501(C)(3) 10000 0 SPECIAL GRANTS NEW VENTURE FUND 1828 L STREET NW SUITE 300-A WASHINGTON DC 20036 205806345 501(C)(3) 50000 0 RESPONSIVE GRANT NETWORK FOR PUBLIC EDUCATION FUND 225 EAST 36TH ST APT 10-O NEW YORK CITY NY 10016 352532243 501(C)(3) 45000 0 RESPONSIVE GRANT MIKVA CHALLENGE 200 S MICHIGAN AVE 10TH FLOOR CHICAGO IL 60604 522033353 501(C)(3) 30000 0 RESPONSIVE GRANT STONE LANTERN FILMS 28 HILLSIDE AVENUE SUFFERN NY 10901 521486485 501(C)(3) 25000 0 RESPONSIVE GRANT EMMETT TILL INTERPRETIVE CENTER 158 NORTH COURT ST SUMNER MI 38957 272895136 501(C)(3) 20000 0 RESPONSIVE GRANT GRANTMAKERS FOR EDUCATION 400 SE 103RD DRIVE 33348 PORTLAND OR 97216 330919329 501(C)(3) 7500 0 SPECIAL GRANTS VARIOUS RETURNED & CANCELED GRANTS 1201 16TH STREET NW 416 WASHINGTON DC 20036 VARIOUS -45722 0 VARIOUS RETURNED & CANCELED GRANTS 14 1 TEACHER EXCELLENCE AWARD 9 90000 GRANTS TO EDUCATORS 179 703633 PART I, LINE 2: GRANTS TO EDUCATORS - GRANTS TO SUPPORT NEW IDEA AND PRACTICES TO STRENGTHEN TEACHING AND LEARNING. THE TWO CATEGORIES OF GRANTS ARE: 1) STUDENT SUCCESS - $1,500 - $5,000 GRANTS FOR PREK-16 EDUCATORS TO PROMOTE CLASSROOM INNOVATION AND TO ENGAGE STUDENTS IN CRITICAL THINKING TO DEEPEN THEIR KNOWLEDGE OF STANDARDS-BASED MATTER. 2) LEARNING & LEADERSHIP - $1,500 - $5,000 GRANTS FOR ALL PREK-16 EDUCATORS TO PROMOTE PROFESSIONAL DEVELOPMENT TO IMPROVE THEIR TEACHING SKILLS AND TO SHARE WITH COLLEAGUES. 3) ENVISION EQUITY GRANTS - $1,500 - $5,000 GRANTS TO SUPPORT PROJECT-BASED LEARNING AND HELP EDUCATORS TO ADVANCE STUDENTS' CULTURAL UNDERSTANDING AND APPRECIATION, ANTI-RACISM COMMITMENTS, AND UNDERSTANDING OF CIVIC ENGAGEMENT AND DEMOCRACY. AWARDS FOR TEACHING EXCELLENCE - RECOGNIZES, REWARDS AND PROMOTES EXCELLENCE IN TEACHING AND LEARNING. X X 0 0 0 0 0 0 0 1 0 SARA SNEED PRESIDENT & CEO 276014 0 12000 0 0 0 28801 0 17953 0 334768 0 0 0 ELIZABETH SCHNIEDER COSI (UNTIL 2/2023) 185527 0 0 0 0 0 18553 0 45801 0 249881 0 0 0 MARGARET PORTA COO 166088 0 0 0 0 0 16609 0 29746 0 212443 0 0 0 PART I, LINE 7 SARA SNEED RECEIVED $12,000 OF BONUS COMPENSATION. FORM 990, PART VI, SECTION A, LINE 4 CHARTERS OF THE STANDING COMMITTEES OF THE BOARD OF DIRECTORS WERE UPDATED. FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 IS PREPARED BY THE FOUNDATION'S ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE FOUNDATION. THE FOUNDATION'S REVIEW PROCESS FOR THE DRAFT FORM 990 IS AS FOLLOWS: THE FOUNDATION'S CFO REVIEWS THE DRAFT FORM 990 FOR COMPLETENESS AND ACCURACY. THE DRAFT FORM 990 IS REVISED AS NECESSARY AFTER THE CFO'S REVIEW. THE REVISED DRAFT FORM 990 IS THEN SUBMITTED TO THE PRESIDENT & CEO FOR HER REVIEW. THE DRAFT FORM 990 IS REVISED AS NECESSARY AFTER THE PRESIDENT & CEO'S REVIEW. THE COMPLETED DRAFT FORM 990 IS THEN DISTRIBUTED TO THE ENTIRE BOARD OF DIRECTORS FOR THEIR REVIEW. ANY COMMENTS FROM THE BOARD OF DIRECTORS ARE CONSIDERED AND THE DRAFT FORM 990 IS MODIFIED AS NECESSARY. THE FEDERAL FORM 990 IS FINALIZED BY THE PRESIDENT & CEO APPROVING THE FEDERAL FORM 990 WHICH IS THEN FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION'S BOARD OF DIRECTORS AND THE FOUNDATION STAFF COMPLETE AND SIGN CONFLICT OF INTEREST FORMS ANNUALLY NEAR THE BEGINNING OF THE FISCAL YEAR. THE PRESIDENT & CEO REVIEWS THE STAFF MEMBERS' COMPLETED FORMS FOR POTENTIAL CONFLICTS AND SIGNS EACH FORM. THE CHAIR REVIEWS AND SIGNS THE PRESIDENT & CEO'S CONFLICT OF INTEREST FORM ANNUALLY. THE CHAIR OF THE BOARD OF DIRECTORS REVIEWS THE BOARD MEMBERS' COMPLETED FORMS FOR POTENTIAL CONFLICTS AND SIGNS OFF ON EACH FORM. IF THERE IS A CONFLICT OF INTEREST, THE STAFF OR BOARD MEMBERS DO NOT PARTICIPATE IN ANY DECISIONS RELATED TO THE CONFLICT THROUGHOUT THE YEAR. NEW BOARD MEMBERS AND STAFF MEMBERS WHO JOIN THE FOUNDATION DURING THE YEAR COMPLETE THE CONFLICT OF INTEREST FORM WHEN THEY JOIN THE FOUNDATION. THESE FORMS ARE REVIEWED AND SIGNED OFF ON BY APPROPRIATE INDIVIDUALS THROUGHOUT THE YEAR. FORM 990, PART VI, SECTION B, LINE 15A LED BY THE CHAIR OF THE BOARD, THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR THE PERFORMANCE REVIEW AND ANY COMPENSATION ADJUSTMENTS OF THE FOUNDATION'S PRESIDENT & CEO. THE COMMITTEE UTILIZES THE FOLLOWING STEPS IN THE REVIEW PROCESS: THE CHAIR, IN CONSULTATION WITH THE PRESIDENT & CEO, SETS GOALS AND REVIEWS THE PROGRESS TOWARDS SAID GOAL. REGULARLY, ALL MEMBERS OF THE BOARD OF DIRECTORS COMPLETE THE BOARD SOURCE "CHIEF EXECUTIVE ASSESSMENT" TO EVALUATE THE PRESIDENT & CEO'S PERFORMANCE. THE RESULTS OF THE ASSESSMENT ARE COMPILED, SUMMARIZED AND REVIEWED BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE USES THE SURVEY DATA AND SALARY COMPENSATION STUDIES TO REVIEW AND REVISE THE PRESIDENT & CEO'S COMPENSATION PACKAGE. THE BOARD CHAIR THEN COMMUNICATES ANY ADJUSTMENTS TO THE PRESIDENT & CEO'S COMPENSATION PACKAGE TO THE CFO. THE FOUNDATION UPDATED THE EXECUTIVE COMPENSATION STUDY IN JANUARY 2022 TO ENSURE THAT THE COMPENSATION PACKAGES CONTINUE TO BE REASONABLE COMPARED TO OTHER NOT-FOR-PROFIT ORGANIZATIONS. ADDITIONALLY IN 2023, THE EXECUTIVE COMMITTEE CONDUCTED ITS ANNUAL REVIEW OF THE CEO AND ADJUSTED HER COMPENSATION ACCORDINGLY. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE FOUNDATION'S WEBSITE AND UPON REQUEST. THE FOUNDATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 715,798. MANAGEMENT AND GENERAL EXPENSES 189,135. FUNDRAISING EXPENSES 61,511. TOTAL EXPENSES 966,444.