2025-09-16T15:41:17-05:00 2024-12-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2024-01-01 831400442 PARTNERSHIP FOR EDUCATION ADVANCEMENT INC PART 2128938821 499 PARK AVENUE 27TH FLOOR NEW YORK NY 10022 NARA LEE SENIOR FINANCE OFFICER 2128938821 2025-09-16 1 0 MICHAEL WALLACE P00881958 2126972299 2024 2025-03-06 01:10:19Z ED ADVANCEMENT JAMES RUNCIE 499 PARK AVENUE 27TH FLOOR NEW YORK NY 10022 32279372 0 X HTTPS://WWW.EDADVANCEMENT.ORG X 2018 DE THE PARTNERSHIP FOR EDUCATION ADVANCEMENT IS A 501(C)(3) NOT-FOR-PROFIT ORGANIZATION COMMITTED TO SUPPORTING SOCIAL MOBILITY THROUGH STRENGTHENING OF MISSION-FOCUSED COLLEGES AND UNIVERSITIES THAT PRIMARILY SERVE LOW-INCOME, FIRST-GENERATION, AND UNDER-RESOURCED STUDENTS AND FAMILIES. WE ARE DEDICATED TO THE FOLLOWING PRINCIPLES AS WE CARRY OUT OUR MISSION:- OUR RESOURCES AND INVESTMENTS ALIGN WITH STUDENTS' FUTURE SUCCESS IN EVIDENT AND MEASURABLE WAYS.- WE MUST ACKNOWLEDGE AND UPHOLD THE CAPACITY OF MINORITY SERVING INSTITUTIONS, INCLUDING HBCUS, TO LEAD EQUITY EFFORTS.- TRANSFORMATION REQUIRES SOLUTIONS THAT ARE SUSTAINABLE, SCALABLE, AND BROADLY ADOPTABLE 6 5 39 0 0 0 11338922 16287304 0 4326538 119154 1324306 214 13669 11458290 21951817 5093646 2989812 0 0 5267889 6388963 0 0 288317 9860465 14781561 20222000 24160336 -8763710 -2208519 32272540 29459148 2434792 1600409 29837748 27858739 X OUR MISSION IS TO SUPPORT SOCIAL MOBILITY BY STRENGTHENING MISSION-FOCUSED COLLEGES AND UNIVERSITIES THAT PRIMARLY SERVE LOW INCOME, FIRST GENERATION, AND UNDER-RESOURCED STUDENTS AND FAMILIES. 1 0 11736081 2498823 HBCU TRANSFORMATION DEEP SUPPORT FOR SCHOOLS WITHIN THE HBCU NETWORK TO IMPROVE ENROLLMENT,RETENTION, AND GRADUATION RATES. 4184587 4326538 BETTER FAFSA SUPPORTTO PROVIDE ADDITIONAL RESOURCES AND TECHNOLOGY TO HELP COLLEGES PREPARE TO PACKAGE STUDENTS' FINANCIAL AID AS QUICKLY AND ACCURATELY AS POSSIBLE THROUGH BETTER FAFSA. 6965083 490989 CAPACITY BUILDING AND SUPPORTCAPACITY BUILDING AND SUPPORT TO MISSION-ALIGNED UNIVERSITIES. 22885751 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 25 0 1 39 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 NY X NARA LEE 2128646765 1 DUPONT CIRCLE NW WASHINGTON DC 20036 HAMILTON JAMES CHAIRMAN 2.00 X X 0 0 0 JAMES RUNCIE CHIEF EXECUTIVE OFFICER 40.00 X X 300424 0 20353 GARRETT MORAN TRUSTEE 1.00 X 0 0 0 VERDUN PERRY TRUSTEE 1.00 X 0 0 0 BERYL MCEWEN TRUSTEE 1.00 X 0 0 0 ARNE DUNCAN TRUSTEE 1.00 X 0 0 0 WILLIAM LEITH MANAGING DIRECTOR 40.00 X 308000 0 0 NARA LEE SENIOR FINANCE OFFICER 40.00 X 219801 0 0 ZINA EVANS SVP ENROLLMENT MANAGEMENT 40.00 X 355606 0 9692 WAYNE CUMMINGS SVP CHIEF TECHNOLOGY OFFICER 40.00 X 285861 0 28223 ANNE ELIZABETH REZNIK CHIEF OF STAFF 40.00 X 271800 0 0 CECILIA LOUISE MARSHALL DIRECTOR OF EXTERNAL PARTNERSHIPS 40.00 X 215683 0 30045 ROBIN MINOR SVP INSTITUTIONAL PARTNERS 40.00 X 308000 0 0 2265175 0 88313 17 0 1 0 FINANCIAL AID SERVICES 180 INTERSTATE NORTH PARKWAY SUITE ATLANTA GA 30339 EDUCATION CONSULTING 3665224 RUFFALO NOEL LEVITZ PO BOX DES MOINES IA 50303 EDUCATION CONSULTING 2095631 PARITII LLC 555 W RIVERSIDE AVE STE N SPOKANE WA 99201 EDUCATION CONSULTING 608675 AMBIENT CONSULTING LLC 110 CHESHIRE LN HOPKINS MN 55305 EDUCATION CONSULTING 378640 WHITEBOARD ADVISORS LLC 4005 WISCONSIN AVENUE NW BOX 9535 WASHINGTON DC 20016 EDUCATION CONSULTING 260769 8 16287304 16287304 CONSULTING CONTRACT REVENUE 541610 4326538 4326538 4326538 1323051 1323051 10328810 10327555 1255 1255 1255 MISCELLANEOUS INCOME 900099 13669 13669 13669 21951817 4326538 0 1337975 X 2989812 2989812 851698 442819 280970 127909 4604674 4244369 264667 95638 546208 475030 54621 16557 386383 332290 38638 15455 29836 29836 152367 152367 65968 65968 13786347 13773854 8924 3569 18865 16224 1887 754 28614 24608 2861 1145 170033 146229 17003 6801 89680 77125 8968 3587 366445 315143 36645 14657 8366 8366 5844 5026 584 234 DUES AND SUBSCRIPTIONS 33418 28739 3342 1337 MISCELLANEOUS EXPENSES 15245 14483 88 674 PROFESSIONAL DEVELOPMEN 10533 10533 24160336 22885751 986268 288317 1615122 685325 4422252 322405 387320 740000 553360 557656 55378 23450 13921 31928 25097124 26018171 1004197 183441 99466 32272540 29459148 1021254 762792 1226024 734759 187514 102858 2434792 1600409 X 15479422 13443104 14358326 14415635 29837748 27858739 32272540 29459148 X -2208519 41055 188455 X 0 1 X 1 0 X 15250000 41197369 23828572 11338922 16287304 107902167 15250000 41197369 23828572 11338922 16287304 107902167 6948050 100954117 1119 2851 119154 1323051 1446175 13669 13669 109362011 4326538 0.92310 0.95400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 55378 23450 31928 31928 OPERATING LEASE LIABILITY 102858 102858 22504380 41055 389021 188455 618531 21885849 65968 65968 21951817 24483389 389021 389021 24094368 65968 65968 24160336 1 ALABAMA STATE UNIVERSITY 915 S JACKSON STREET MONTGOMERY AL 36101 636067745 501C(3) 11250 0 CAPACITY BUILDING TO IMPROVE STUDENT OUTCOMES BOWIE STATE 14000 JERICHO PK RD BOWIE MD 20715 520952758 501C(3) 164228 0 CAPACITY BUILDING TO IMPROVE STUDENT OUTCOMES CENTRAL STATE UNIVERSITY 1400 BRUSH ROW ROAD WILBERFORCE OH 45384 310675386 501C(3) 124500 0 CAPACITY BUILDING TO IMPROVE STUDENT OUTCOMES COPPIN STATE UNIVERSITY 2500 W NORTH AVE BALTIMORE MD 21216 526002033 501C(3) 90712 0 CAPACITY BUILDING TO IMPROVE STUDENT OUTCOMES DELAWARE STATE UNIVERSITY 1200 NORTH DUPONT HWY DOVER DE 19901 510305893 501C(3) 45000 0 CAPACITY BUILDING TO IMPROVE STUDENT OUTCOMES ELIZABETH CITY STATE UNIVERSITY 1704 WEEKSVILLE ROAD ELIZABETH CITY NC 27909 561047680 501C(3) 11250 0 CAPACITY BUILDING TO IMPROVE STUDENT OUTCOMES FAYETTEVILLE STATE UNIVERSITY 1200 MURCHISON ROAD FAYETTEVILLE NC 28301 561238736 501C(3) 32155 0 CAPACITY BUILDING TO IMPROVE STUDENT OUTCOMES FLORIDA A&M UNIVERSITY 1700 LEE HALL DRIVE TALLAHASSEE FL 32307 590977035 501C(3) 306656 0 CAPACITY BUILDING TO IMPROVE STUDENT OUTCOMES GRAMBLING STATE 403 SOUTH MAIN STREET GRAMBLING LA 71245 726000751 501C(3) 152414 0 CAPACITY BUILDING TO IMPROVE STUDENT OUTCOMES JACKSON STATE UNIVERSITY 1400 JOHN R LYNCH ST JACKSON MS 39217 646000507 501C(3) 163675 0 CAPACITY BUILDING TO IMPROVE STUDENT OUTCOMES NORFOLK STATE UNIVERSITY 700 PARK AVE NORFOLK VA 23504 510499918 501C(3) 17069 0 CAPACITY BUILDING TO IMPROVE STUDENT OUTCOMES NORTH CAROLINA A&T STATE UNIVERSITY 1601 MARKET STREET GREENSBORO NC 27411 566000007 501C(3) 181956 0 CAPACITY BUILDING TO IMPROVE STUDENT OUTCOMES NORTH CAROLINA CENTRAL UNIVERSITY 1801 FAYETTEVILLE STREET DURHAM NC 27707 566000730 501C(3) 95800 0 CAPACITY BUILDING TO IMPROVE STUDENT OUTCOMES PRAIRIE VIEW A&M UNIVERSITY 100 UNIVERSITY DR PRAIRIE VIEW TX 77446 746001078 501C(3) 72534 0 CAPACITY BUILDING TO IMPROVE STUDENT OUTCOMES SAVANNAH STATE UNIVERSITY 3219 COLLEGE STREET SAVANNAH GA 31404 586002069 501C(3) 111000 0 CAPACITY BUILDING TO IMPROVE STUDENT OUTCOMES SOUTH CAROLINA STATE UNIVERSITY 300 COLLEGE STREET NE ORANGEBURG SC 29117 576000950 501C(3) 95347 0 CAPACITY BUILDING TO IMPROVE STUDENT OUTCOMES TEXAS SOUTHERN UNIVERSITY 3100 CLEBURNE STREET HOUSTON TX 77004 746001391 501C(3) 161700 0 CAPACITY BUILDING TO IMPROVE STUDENT OUTCOMES UNIVERSITY OF MARYLAND UMES 11868 COLLEGE BACKBONE RD PRINCESS ANNE MD 21853 526002033 501C(3) 90000 0 CAPACITY BUILDING TO IMPROVE STUDENT OUTCOMES VIRGINIA STATE UNIVERSITY 1 HAYDEN DRIVE PETERSBURG VA 23806 546001811 501C(3) 617971 0 CAPACITY BUILDING TO IMPROVE STUDENT OUTCOMES WINSTON-SALEM STATE -WSSU 601 S MARTIN LUTHER KING JR WINSTON SALEM NC 27110 566001466 501C(3) 162000 0 CAPACITY BUILDING TO IMPROVE STUDENT OUTCOMES 20 PART I, LINE 2: COLLEGE AND UNIVERSITY PARTNERS ARE INVITED TO SUBMIT AN ELECTRONIC APPLICATION FOR GRANT FUNDS TO SUPPORT A NEW PROJECT, PROGRAM, OR POSITION THAT IS A PART OF ED ADVANCEMENT'S INSTITUTIONAL CAPACITY BUILDING PLAN. INVITATIONS ARE BASED ON ED ADVANCEMENT'S ONGOING NEEDS ASSESSMENT OF PARTNER INSTITUTIONS. THE INVITATIONS ARE EXTENDED BY THE SVP OF ENROLLMENT MANAGEMENT OR SVP OF INSTITUTIONAL PARTNERSHIPS. THE GRANT APPLICATION IS A COMPONENT OF OUR CRM SYSTEM WHICH ENABLES US TO RECORD DETAILS OF THE REQUEST, APPROVAL, AND DISBURSEMENT PROCESSES OF EACH GRANT. PRIOR TO APPLICATION SUBMISSION OR AS FOLLOW-ON DUE DILIGENCE, ED ADVANCEMENT ASSESSES AND CONFIRMS THE INSTITUTION'S NEED. GRANT FUNDING PERIODS VARY IN DURATION BUT MAY BE SUBJECT TO MILESTONE OR PERFORMANCE REQUIREMENTS. ALL GRANT REQUESTS ARE REVIEWED AND APPROVED BY THE EXECUTIVE LEADER TEAM (ELT). UPON APPROVAL, A GRANT LETTER INCLUDING DURATION, SCHEDULE OF RELEASE OF FUNDS, AND EXPECTATIONS FOR REPORTING ON USE OF FUNDS, IS SUBMITTED TO THE UNIVERSITY PRESIDENT OR CHANCELLOR FOR SIGNATORY ACCEPTANCE OF THE AWARD. FUNDS ARE DISBURSED FOLLOWING THE SCHEDULE PROVIDED IN THE GRANT LETTER. IN ACCORDANCE WITH THE GRANT LETTER, ED ADVANCEMENT PROVIDES A STREAMLINED PROCESS FOR REPORTING CONTINUED PROGRESS TO ENSURE TIMELY DISBURSEMENT OF FUNDS. THE ED ADVANCEMENT TEAM WORKS CLOSELY WITH THE INSTITUTIONAL RECIPIENT TO ENSURE A SUCCESSFUL OUTCOME FOR THE CONCLUSION OF THE GRANT PERIOD. UPON COMPLETION OF THE GRANT PERIOD, THE INSTITUTION (WITH GUIDANCE FROM THE ED ADVANCEMENT TEAM) WILL PROVIDE A FINAL SUMMARY OF THE VALUE OF THE FUNDING AND THE ALIGNMENT OF THIS RESOURCE WITH QUALITATIVE AND QUANTITATIVE OUTCOMES. X 0 0 0 0 0 0 0 0 0 JAMES RUNCIE CHIEF EXECUTIVE OFFICER 300424 0 0 0 0 0 0 0 20353 0 320777 0 0 0 WILLIAM LEITH MANAGING DIRECTOR 308000 0 0 0 0 0 0 0 0 0 308000 0 0 0 NARA LEE SENIOR FINANCE OFFICER 215009 0 0 0 4792 0 0 0 0 0 219801 0 0 0 ZINA EVANS SVP ENROLLMENT MANAGEMENT 355606 0 0 0 0 0 0 0 9692 0 365298 0 0 0 WAYNE CUMMINGS SVP CHIEF TECHNOLOGY OFFICER 285861 0 0 0 0 0 0 0 28223 0 314084 0 0 0 ANNE ELIZABETH REZNIK CHIEF OF STAFF 271800 0 0 0 0 0 0 0 0 0 271800 0 0 0 CECILIA LOUISE MARSHALL DIRECTOR OF EXTERNAL PARTNERSHIPS 215683 0 0 0 0 0 0 0 30045 0 245728 0 0 0 ROBIN MINOR SVP INSTITUTIONAL PARTNERS 308000 0 0 0 0 0 0 0 0 0 308000 0 0 0 FORM 990, PART III, LINE 2 THE ORGANIZATION SUPPORTED ECMC IN PROVIDING RESOURCES TO SCHOOLS TO PACKAGE AID TO STUDENTS WHO COMPLETED THE FAFSA. FORM 990, PART VI, SECTION A, LINE 8B NO SUCH COMMITTEE EXISTS FORM 990, PART VI, SECTION B, LINE 11B A BOARD MEETING WILL BE HELD TO REVIEW AND APPROVE THE FORM 990, SUBJECT TO COMMENTS AND REQUIRED CHANGES. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SIGN AN ANNUAL FORM DECLARING NO CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 OFFICER/KEY EMPLOYEE POSITIONS ARE BENCHMARKED BY HUMAN RESOURCES FIRM AT THE TIME OF HIRE FOR EACH OFFICER/KEY EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER CONTRACTORS: PROGRAM SERVICE EXPENSES 750,584. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 750,584. EDUCATIONAL CONTRACTORS: PROGRAM SERVICE EXPENSES 12,769,024. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,769,024. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 83,939. MANAGEMENT AND GENERAL EXPENSES 8,924. FUNDRAISING EXPENSES 3,569. TOTAL EXPENSES 96,432. HONORARIUM: PROGRAM SERVICE EXPENSES 20,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,000. INDEPENDENT CONTRACTOR: PROGRAM SERVICE EXPENSES 150,307. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 150,307. FORM 990, PART XI, LINE 9: RETURN OF RESTRICTED GRANT FUNDING 188,455.