Nonprofit · EIN 52-1129402
FUND FOR EDUCATIONAL EXCELLENCE INC
Tax-exempt · BALTIMORE, MD 21201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 (amended) | $30,673,408 | $27,887,178 | $2,786,230 | $35,054,202 | $4,216,608 | $30,837,594 |
| June 30, 2024 | 990 | $21,294,754 | $27,361,712 | -$6,066,958 | $31,258,443 | $3,285,414 | $27,973,029 |
| June 30, 2023 | 990 | $22,332,215 | $24,704,182 | -$2,371,967 | $36,091,507 | $2,136,655 | $33,954,852 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $27,255,636
- of which government grants
- $1,788,025
- Program service revenue
- $2,410,970
- Investment income
- $1,006,802
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $6,044,945
- Compensation of officers, directors and key employees
- $785,965
- Other salaries and wages
- $5,781,563
- Salaries, compensation and benefits (total)
- $8,033,242
- Professional fundraising fees
- $15,000
- Legal fees
- $129,077
- Accounting fees
- $42,845
- Occupancy
- $229,261
- Travel
- $1,488,538
- Depreciation
- $136,196
- Program services (functional)
- $24,814,171
- Management and general (functional)
- $2,209,673
- Fundraising (functional)
- $863,334
Balance sheet and other
- Total assets, start of year
- $31,258,443
- Total assets, end of year
- $35,054,202
- Total liabilities, end of year
- $4,216,608
- Net assets, end of year
- $30,837,594
- Land, buildings and equipment
- $22,265
- Publicly traded securities
- $705,604
- Net assets without donor restrictions
- $6,298,997
- Net assets with donor restrictions
- $24,538,597
- Gross receipts
- $30,673,408
- Employees
- 134
- Year formed
- 1984
- State of legal domicile
- MD
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROGER SCHULMAN | President & CEO Trustee or director, Officer | 40 | $298,010 | $22,988 |
| JULIA BAEZ | CEO, BALT PROMISE | 40 | $222,664 | $20,211 |
| CHUCK ADKINS | CFO Officer | 40 | $228,721 | $9,996 |
| BRIDGET BLOUNT | DEP CEO - BP | 40 | $178,318 | $16,053 |
| KEVIN LEARY | SR. PRGM DIR | 40 | $161,599 | $18,985 |
| WENDY SAMET | EX DIR - MIDDL GRD | 40 | $150,490 | $23,478 |
| CORRIE SCHOENBERG | SR PRGM DIR | 40 | $163,946 | $8,556 |
| SHARON DONDES | SR PRGM DIR. | 40 | $138,586 | $25,909 |
| MARK BELL | Director Trustee or director | 1 | $0 | $0 |
| RONALD JARRETT | Director Trustee or director | 1 | $0 | $0 |
| MARGUERITE MUGGE | Director Trustee or director | 1 | $0 | $0 |
| BETH FELDER | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ILENE BERMAN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| RUSSELL MOORE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CINDA HUGHES CFA | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR MAXINE WOOD | SECRETARY Trustee or director, Officer | 1 | $0 |
| JILL FEINBERG | DIRECTOR Trustee or director | 1 | $0 |
| MELANIE HOOD-WILSON | DIRECTOR Trustee or director | 1 | $0 |
| MICHELE HONG | DIRECTOR Trustee or director | 1 | $0 |
| NANCY JORDAN-HOWARD | DIRECTOR Trustee or director | 1 | $0 |
| SARA MILSTEIN | DIRECTOR Trustee or director | 1 | $0 |
| JUSTIN A REDD | DIRECTOR Trustee or director | 1 | $0 |
| ARUN SUBHAS | DIRECTOR Trustee or director | 1 | $0 |
| NEILL THUPARI | DIRECTOR Trustee or director | 1 | $0 |
| VANESSA DOUYON | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROGER SCHULMAN | President & CEO Trustee or director, Officer | 40 | $287,207 | $16,830 |
| JULIA BAEZ | CEO, BALT PROMISE | 40 | $220,554 | $8,222 |
| CHUCK ADKINS | CFO Officer | 40 | $207,845 | $11,637 |
| BRIDGET BLOUNT | CIO - BALT PROMISE | 40 | $171,204 | $10,938 |
| KEVIN LEARY | SR. PRGM DIR | 40 | $154,856 | $14,507 |
| CORRIE SCHOENBERG | SR PRGM DIR | 40 | $159,530 | $7,887 |
| WENDY SAMET | EX DIR - MIDDL GRD | 40 | $147,817 | $18,055 |
| SHARON DONDES | SR PRGM DIR. | 40 | $135,807 | $17,214 |
| MARK BELL | Director Trustee or director | 1 | $0 | $0 |
| BETH FELDER | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ILENE BERMAN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| RUSSELL MOORE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CINDA HUGHES CFA | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DR MAXINE WOOD | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JILL FEINBERG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MELANIE HOOD-WILSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHELE HONG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NANCY JORDAN-HOWARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SARA MILSTEIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JUSTIN A REDD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ARUN SUBHAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NEILL THUPARI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT ROBERT WILSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROGER SCHULMAN | President & CEO Trustee or director, Officer | 40 | $276,537 | $6,783 |
| CHUCK ADKINS | CFO Officer | 40 | $207,377 | $10,402 |
| JULIA BAEZ | CEO, BALT PROMISE | 40 | $209,191 | $8,134 |
| KEVIN LEARY | SR. PRGM DIR | 40 | $149,589 | $8,005 |
| CORRIE SCHOENBERG | SR PRGM DIR | 40 | $153,493 | $3,901 |
| BRIDGET BLOUNT | CIO - BALT PROMISE | 40 | $145,386 | $6,916 |
| CATHERINE PITCHFORD | CPO- BALT PROMISE | 40 | $142,585 | $5,689 |
| WENDY SAMET | EX DIR - MIDDL GRD | 40 | $143,675 | $2,815 |
| MARK BELL | Director Trustee or director | 1 | $0 | $0 |
| BETH FELDER | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ILENE BERMAN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| RUSSELL MOORE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CINDA HUGHES CFA | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DR MAXINE WOOD | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ABHIJEET BHUTRA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JILL FEINBERG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MELANIE HOOD-WILSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHELE HONG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NANCY JORDAN-HOWARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEAN E LEWIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SARA MILSTEIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BETSY NELSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JUSTIN A REDD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ARUN SUBHAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NEILL THUPARI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KIMBERLY J WIGGINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT ROBERT WILSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 800 N CHARLES ST STE 400, BALTIMORE, MD 21201-5322
- In care of
- % THE ORGANIZATION
- Principal officer (990 for 2024)
- ROGER SCHULMAN, 800 NORTH CHARLES STREET 400, BALTIMORE, MD 21201
- Signed the 990
- CHUCK ADKINS, CFO
- Phone
- (410) 685-8300
- Website
- WWW.THEFUNDBALT.ORG
- Return prepared by
- Port Kashdin & McSherry CPAs
Mission
WE EXPAND RESOURCES, IDENTIFY AND ACCELERATE SOLUTIONS, AND RECOGNIZE EXCELLENCE SO THAT ALL CHILDREN IN BALTIMORE CITY PUBLIC SCHOOLS EXPERIENCE AN EFFECTIVE AND ADEQUATE EDUCATION.
Program accomplishments
- FISCAL SPONSORSHIP - The Fund provides high-level financial and grant management expertise to a range of mission-aligned local regional nonprofit organizations and community programs. As a fiscal sponsor, we support our clients financial and human resource operations, including detailed budget management and financial reporting services, allowing organizations to focus on their programmatic goals which often include developing innovative educational reforms and expanding student access to high-quality education.Expenses $16,116,412 · grants $5,380,125 · revenue $2,015,030
- DISTRICT FUNDRAISING - The Fund works closely with Baltimore City Public Schools to raise and secure external investment that supports the districts highest priority needs. As a trusted partner, we help identify those needs, target potential funding sources, and provide fiscal management for those philanthropic investments. We are currently managing grant funding raised on behalf of the school district from both local and national funders.Expenses $7,100,900 · grants $526,524 · revenue $93,604
- ACCELERATE SOLUTIONS - With community input, The Fund identifies challenges, researches and develops recommendations, and pushes for innovative solutions to improve Baltimore City Public Schools policies, processes, and programs. We regularly publish reports that combine strong analytics with community input to address some of the most pressing problems facing our students, we provide on-demand workshops to help students and families navigate the districts school choice process for middle and high school, we partner with Baltimore City Public Schools Office of Early Learning and local providers to expand Pre-K options to 3- and 4-year olds, and run an early-childhood development program that provides parents of pre-school age children with effective parenting strategies for behavioral management and skills to support their childrens academic success.Expenses $1,192,458 · revenue $299,783
- RECOGNIZE EXCELLENCE - The Fund manages the Heart of the Schools, a year-round program that celebrates and supports Baltimore City Public School principals through grants, recognition, and events for their hard work, dedication, and positive impact on Baltimores students and communities. Created in 2016 in collaboration with local businesses, foundations, individuals, and nonprofits, the Heart of the Schools shows principals that they are appreciated, supported, and celebrated by all of Baltimore.Expenses $404,401 · grants $138,296 · revenue $10,403
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 52-1129402
- 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
- 1979
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $35,054,202
- Income (IRS master file)
- $30,673,408
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $30,673,408 | $27,887,178 | $35,054,202 | XML |
| 990 | June 2024 | $21,294,754 | $27,361,712 | $31,258,443 | XML |
| 990 | June 2023 | $22,332,215 | $24,704,182 | $36,091,507 | XML |
| 990 | June 2022 | $23,197,789 | $23,310,321 | $38,110,666 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 52-1129402).
Questions about FUND FOR EDUCATIONAL EXCELLENCE INC
- What is the EIN of FUND FOR EDUCATIONAL EXCELLENCE INC?
- The employer identification number (EIN) of FUND FOR EDUCATIONAL EXCELLENCE INC is 52-1129402.
- Is FUND FOR EDUCATIONAL EXCELLENCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
- Are donations to FUND FOR EDUCATIONAL EXCELLENCE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FUND FOR EDUCATIONAL EXCELLENCE 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 FUND FOR EDUCATIONAL EXCELLENCE INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FUND FOR EDUCATIONAL EXCELLENCE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FUND FOR EDUCATIONAL EXCELLENCE INC?
- The 990 for the year ended June 30, 2025 names ROGER SCHULMAN.
- Who are the officers and directors of FUND FOR EDUCATIONAL EXCELLENCE INC?
- The 990 for the year ended June 30, 2025 lists 25 people; 8 received compensation from the organization, the highest $298,010 (ROGER SCHULMAN, President & CEO).
- How much revenue does FUND FOR EDUCATIONAL EXCELLENCE INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $30,673,408, expenses of $27,887,178 and total assets of $35,054,202 at year end.
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