Nonprofit · EIN 04-2755323
NELLIE MAE EDUCATION FOUNDATION INC
Tax-exempt · QUINCY, MA 02169
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $40,949,471 | $29,994,105 | $10,955,366 | $543,039,688 | $10,508,179 | $532,531,509 |
| December 31, 2023 | 990 | $21,415,739 | $23,090,325 | -$1,674,586 | $519,417,333 | $11,587,961 | $507,829,372 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $40,949,471
- Net gain from sales of assets
- $34,850,661
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $21,134,532
- Compensation of officers, directors and key employees
- $867,242
- Other salaries and wages
- $1,323,837
- Salaries, compensation and benefits (total)
- $2,646,687
- Professional fundraising fees
- $0
- Legal fees
- $94,505
- Accounting fees
- $124,447
- Occupancy
- $318,064
- Travel
- $145,200
- Depreciation
- $198,281
- Program services (functional)
- $25,558,135
- Management and general (functional)
- $4,435,970
Balance sheet and other
- Total assets, start of year
- $519,417,333
- Total assets, end of year
- $543,039,688
- Total liabilities, end of year
- $10,508,179
- Net assets, end of year
- $532,531,509
- Land, buildings and equipment
- $192,071
- Publicly traded securities
- $199,561,421
- Net assets without donor restrictions
- $532,531,509
- Gross unrelated business income
- -$496,936
- Gross receipts
- $246,685,691
- Employees
- 19
- Volunteers
- 0
- Year formed
- 1998
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR GISELE SHORTER | PRESIDENT & CEO Officer | 60 | $513,803 | $172,519 |
| MICHAEL CAREY | VP OF FINANCE (UNTIL JUNE 2024) Officer | 40 | $347,146 | $517 |
| JESSICA SPOHN | DIR. OF GRANTMAKING (UNTIL 1/19/24) Highest-paid employee | 40 | $269,031 | $10,067 |
| MARCOS POPOVICH | PROGRAM DIRECTOR, GRANTMAKING Highest-paid employee | 40 | $182,378 | $60,340 |
| PAUL MARSH | IT MANAGER Highest-paid employee | 40 | $171,507 | $35,502 |
| STEPHANIE CHENEY | SR MANAGER, GRANTS & PROGRAMS Highest-paid employee | 40 | $147,567 | $53,198 |
| ERIN BROUILLETTE | CHIEF FINANCIAL OFFICER Officer | 40 | $135,245 | $28,954 |
| ALEXIS HAREWOOD | SENIOR PROGRAM OFFICER Highest-paid employee | 40 | $129,176 | $28,922 |
| WARREN SIMMONS | DIRECTOR Trustee or director | 2 | $39,000 | $0 |
| ELSA NUNEZ | DIRECTOR Trustee or director | 2 | $27,000 | $0 |
| JOHN REMONDI | DIRECTOR Trustee or director | 2 | $27,000 | $0 |
| PRABAL CHAKRABARTI | DIRECTOR Trustee or director | 2 | $24,000 | $0 |
| BETTY FRANCISCO | DIRECTOR Trustee or director | 2 | $24,000 | $0 |
| ELIZABETH HILPMAN | DIRECTOR Trustee or director | 2 | $24,000 | $0 |
| JOHN JACKSON | DIRECTOR Trustee or director | 2 | $24,000 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DEBORAH JEWELL-SHERMAN | DIRECTOR Trustee or director | 2 | $24,000 | $0 |
| COLLEEN QUINT | DIRECTOR Trustee or director | 1 | $24,000 | $0 |
| DANIA VAZQUEZ | DIRECTOR Trustee or director | 2 | $24,000 | $0 |
| PRUDENCE CARTER | DIRECTOR Trustee or director | 1 | $20,000 | $0 |
| MISHONE DONELSON | DIRECTOR Trustee or director | 1 | $20,000 | $0 |
| DEBRA HUMPHREYS | DIRECTOR Trustee or director | 1 | $20,000 | $0 |
| MAKEEBA MCCREARY | DIRECTOR Trustee or director | 1 | $20,000 | $0 |
| NICHOLAS WARREN | DIRECTOR Trustee or director | 1 | $10,000 | $0 |
| PAMELA WHITE | CLERK Officer | 40 | $7,851 | $261 |
990 for the year ended December 31, 2023: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GISLAINE NGOUNOU | INTERIM PRES & CEO (UNTIL 1/17/23) Officer | 40 | $498,101 | $2,678 |
| MICHAEL CAREY | INTERIM CEO & TREAS. (UNTIL 7/9/23) Officer | 40 | $326,464 | $70,652 |
| JESSICA SPOHN | INTERIM PRESIDENT (UNTIL 7/9/23) Officer | 40 | $295,885 | $68,863 |
| DR GISELE SHORTER | PRESIDENT & CEO Officer | 60 | $285,301 | $28,455 |
| DELIA ARELLANO-WEDDLETON | DIR. OF ENGAGEMENT & PARTNERHIPS Highest-paid employee | 40 | $214,122 | $52,887 |
| MARCOS POPOVICH | PROGRAM DIRECTOR, GRANTMAKING Highest-paid employee | 40 | $170,352 | $53,317 |
| NINA CULBERSTON | PROGRAM DIR, LEARNING/RESEARCH/EVAL Highest-paid employee | 40 | $156,896 | $50,704 |
| PAUL MARSH | IT MANAGER Highest-paid employee | 40 | $165,585 | $33,625 |
| ELLEN WANG | SR. PROGRAM & EQUITY OFFICER Highest-paid employee | 40 | $173,828 | $25,008 |
| PAMELA WHITE | CLERK Officer | 40 | $123,368 | $27,051 |
| NICHOLAS C DONOHUE | FORMER PRESIDENT & CEO Former | 0 | $143,576 | $0 |
| WARREN SIMMONS | DIRECTOR Trustee or director | 1 | $41,000 | $0 |
| PRABAL CHAKRABARTI | DIRECTOR Trustee or director | 2 | $24,000 | $0 |
| BETTY FRANSISCO | DIRECTOR Trustee or director | 2 | $24,000 | $0 |
| ELIZABETH HILPMAN | DIRECTOR Trustee or director | 2 | $24,000 | $0 |
| JOHN JACKSON | DIRECTOR Trustee or director | 2 | $24,000 | $0 |
| DEBORAH JEWELL-SHERMAN | DIRECTOR Trustee or director | 2 | $24,000 | $0 |
| ELSA NUNEZ | DIRECTOR Trustee or director | 2 | $24,000 | $0 |
| DANIA VAZQUEZ | DIRECTOR Trustee or director | 2 | $24,000 | $0 |
| PRUDENCE CARTER | DIRECTOR Trustee or director | 1 | $20,000 | $0 |
| MISHONE DONELSON | DIRECTOR Trustee or director | 1 | $20,000 | $0 |
| MAKEEBA MCCREARY | DIRECTOR Trustee or director | 1 | $20,000 | $0 |
| COLLEEN QUINT | DIRECTOR Trustee or director | 1 | $20,000 | $0 |
| JOHN REMONDI | DIRECTOR Trustee or director | 1 | $20,000 | $0 |
| NICHOLAS WARREN | DIRECTOR Trustee or director | 1 | $20,000 | $0 |
| DEBRA HUMPHREYS | DIRECTOR Trustee or director | 1 | $15,000 | $0 |
| CHRISTINA JIMENEZ MORET | DIRECTOR (UNTIL JAN. 2023) Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1250 HANCOCK ST STE 701N, QUINCY, MA 02169-4335
- Principal officer (990 for 2024)
- DR GISELE SHORTER, 1250 HANCOCK STREET 701N, QUINCY, MA 02169
- Signed the 990
- DR GISELE SHORTER, PRESIDENT & CEO
- Phone
- (781) 348-4200
- Website
- WWW.NMEFOUNDATION.ORG
- Return prepared by
- CBIZ ADVISORS LLC
Mission
THE MISSION OF THE FOUNDATION IS TO CHAMPION EFFORTS THAT PRIORITIZE COMMUNITY GOALS THAT CHALLENGE INEQUITIES AND ADVANCE EXCELLENT, STUDENT-CENTERED PUBLIC EDUCATION FOR ALL NEW ENGLAND YOUTH. THE FOUNDATION IS ORGANIZED AND OPERATED AS A MASSACHUSETTS NOT-FOR-PROFIT CORPORATION TO SUPPORT EDUCATIONAL ORGANIZATIONS.
Program accomplishments
- NELLIE MAE EDUCATION FOUNDATION'S ("NMEF", "NMEF'S", "THE FOUNDATION", "NELLIE MAE" HEREAFTER) GRANTMAKING STRATEGY FOCUSES ON ENSURING STUDENTS HAVE THE RESOURCES, SUPPORT, AND OPPORTUNITIES NECESSARY TO SUCCEED IN THE CLASSROOM AND BEYOND. WE DO THIS BY BUILDING THE CAPACITY, SUSTAINABILITY, AND EDUCATIONAL FUNCTIONS OF EDUCATIONAL ORGANIZATIONS THAT QUALIFY AS PUBLIC CHARITIES (ORGANIZATION OR ORGANIZATIONS" HEREAFTER).THIS APPROACH REFLECTS OUR DEEP COMMITMENT TO ENSURE EVERY YOUNG PERSON HAS ACCESS TO EXCELLENT, RIGOROUS, AND RELEVANT EDUCATIONAL EXPERIENCES THAT AFFIRM THEIR INDIVIDUALITY AND PREPARE THEM TO THRIVE IN SCHOOL, COMMUNITY, AND CAREERS OF THE FUTURE. (CONTINUATION ON SCHEDULE O)ORGANIZATIONS FUNDED BY NELLIE MAE FOCUS ON EDUCATING WHETHER THAT'S AS AN EDUCATIONAL INSTITUTION, AN ORGANIZATION TRAINING INDIVIDUALS OR OTHER ORGANIZATIONS, INFORMING THE GENERAL PUBLIC, OR DEVELOPING AND SHARING EDUCATIONAL RESOURCES. THIS WORK FALLS UNDER THE FOLLOWING FOUR PORTFOLIOS: CAPACITY BUILDING ACCELERATOR (P1), SYSTEMS TRANSFORMATION (P2), STRENGTHENING COALITIONS (P3), AND INTEGRATED REINFORCING ACTIVITIES (P4). THE FOUNDATION ALSO GRANTS FUNDING FOR RAPID-RESPONSE AND EVENT SPONSORSHIPS.CAPACITY BUILDING ACCELERATOR (P1) CORE OBJECTIVE: STRENGTHEN THE ECOSYSTEM OF INDIVIDUALS AND ORGANIZATIONS THAT SUPPORT SCHOOLS AND DISTRICTS TO SEE, UNDERSTAND, AND MEET THE UNIQUE NEEDS OF STUDENTS.SYSTEMS TRANSFORMATION (P2) CORE OBJECTIVE: INCREASE THE NUMBER OF SCHOOL, DISTRICT, AND STATE EDUCATION LEADERS WITH THE CAPACITY, STRATEGIES, AND RESOURCES TO ENACT POLICIES AND PRACTICES THAT ADDRESS OPPORTUNITY AND ACHIEVEMENT GAPS, ENSURING THAT EACH AND EVERY STUDENT BENEFITS FROM AN EXCELLENT PUBLIC EDUCATION.STRENGTHENING COALITIONS (P3) CORE OBJECTIVE: BRING TOGETHER EDUCATION LEADERS, EXPERTS, AND COMMUNITY GROUPS TO BUILD SHARED GOALS AND SUPPORT ORGANIZATIONS AT THE LOCAL AND LEADERSHIP LEVELS TO CLOSE OPPORTUNITY AND ACHIEVEMENT GAPS AND IMPROVE OUTCOMES FOR ALL STUDENTS.INTEGRATED REINFORCING ACTIVITIES (P4) CORE OBJECTIVE: USE STORYTELLING, RESEARCH, AND COMMUNITY VOICES TO RAISE AWARENESS OF ACHIEVEMENT AND OPPORTUNITY GAPS, SHINE A LIGHT ON COMMUNITY SOLUTIONS, AND BUILD SUPPORT TO ENSURE EACH AND EVERY CHILD HAS WHAT THEY NEED TO THRIVE IN SCHOOL, COMMUNITY, AND CARERS OF THE FUTURE.RAPID RESPONSE OUR RAPID RESPONSE FUND PROVIDES SHORT-TERM, TIME-SENSITIVE SUPPORT IN COMMUNITIES FACING A CRISIS THAT IMPACTS STUDENTS' ABILITY TO THRIVE. EVENT SPONSORSHIPS OUR EVENT SPONSORSHIPS PROVIDE FUNDING FOR COMMUNITY EVENTS, TRAININGS, CONFERENCES AND THE LIKE WITH A FOCUS ON THE SIX NEW ENGLAND STATES OR ARE OF NATIONAL SIGNIFICANCE THAT ADVANCE OUR MISSION, VISION AND VALUES: ELEVATING COMMUNITY-ROOTED SOLUTIONS AND INNOVATION.Expenses $25,558,135 · grants $21,134,532
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2755323
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1988
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B120)
- Assets (IRS master file)
- $543,039,688
- Income (IRS master file)
- $246,685,691
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $40,949,471 | $29,994,105 | $543,039,688 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $21,415,739 | $23,090,325 | $519,417,333 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $23,248,571 | $26,327,764 | $483,194,914 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2755323).
Questions about NELLIE MAE EDUCATION FOUNDATION INC
- What is the EIN of NELLIE MAE EDUCATION FOUNDATION INC?
- The employer identification number (EIN) of NELLIE MAE EDUCATION FOUNDATION INC is 04-2755323.
- Is NELLIE MAE EDUCATION FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to NELLIE MAE EDUCATION FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NELLIE MAE EDUCATION FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NELLIE MAE EDUCATION FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NELLIE MAE EDUCATION FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NELLIE MAE EDUCATION FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names DR GISELE SHORTER.
- Who are the officers and directors of NELLIE MAE EDUCATION FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 24 people; 24 received compensation from the organization, the highest $513,803 (DR GISELE SHORTER, PRESIDENT & CEO).
- How much revenue does NELLIE MAE EDUCATION FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $40,949,471, expenses of $29,994,105 and total assets of $543,039,688 at year end.
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