Nonprofit · EIN 83-1400442
PARTNERSHIP FOR ED ADVANCEMENT INC
Tax-exempt · NEW YORK, NY 10022
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $13,208,148 | $19,797,991 | -$6,589,843 | $25,931,867 | $4,325,931 | $21,605,936 |
| December 31, 2024 | 990 | $21,951,817 | $24,160,336 | -$2,208,519 | $29,459,148 | $1,600,409 | $27,858,739 |
| December 31, 2023 | 990 | $11,458,290 | $20,222,000 | -$8,763,710 | $32,272,540 | $2,434,792 | $29,837,748 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $10,730,131
- Program service revenue
- $1,481,360
- Investment income
- $978,818
- Net gain from sales of assets
- -$21,361
- Other revenue
- $17,839
Expenses
- Grants and similar amounts paid
- $1,232,262
- Compensation of officers, directors and key employees
- $883,220
- Other salaries and wages
- $5,007,469
- Salaries, compensation and benefits (total)
- $7,099,311
- Professional fundraising fees
- $0
- Legal fees
- $35,543
- Accounting fees
- $113,385
- Occupancy
- $117,950
- Travel
- $226,940
- Depreciation
- $9,674
- Program services (functional)
- $17,663,147
- Management and general (functional)
- $1,352,854
- Fundraising (functional)
- $781,990
Balance sheet and other
- Total assets, start of year
- $29,459,148
- Total assets, end of year
- $25,931,867
- Total liabilities, end of year
- $4,325,931
- Net assets, end of year
- $21,605,936
- Land, buildings and equipment
- $147,459
- Publicly traded securities
- $16,808,433
- Net assets without donor restrictions
- $13,509,480
- Net assets with donor restrictions
- $8,096,456
- Gross receipts
- $25,865,563
- Employees
- 38
- Volunteers
- 0
- Year formed
- 2018
- State of legal domicile
- DE
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MATTHEW SESSA | CHIEF OPERATING OFFICER Officer | 40 | $315,835 | $33,969 |
| JAMES RUNCIE | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 40 | $321,046 | $21,779 |
| ROBIN MINOR | SVP INSTITUTIONAL PARTNERS Highest-paid employee | 40 | $325,000 | $0 |
| ANNE ELIZABETH REZNIK | CHIEF OF STAFF Highest-paid employee | 40 | $306,700 | $0 |
| NARA LEE | SENIOR FINANCE OFFICER Officer | 40 | $239,134 | $0 |
| KA'RIN THORNBURG | VP, SERVICES AND SOLUTIONS Highest-paid employee | 40 | $223,458 | $10,371 |
| ANNE MARIE MONROE | VP, PARTNER DEVELOPMENT Highest-paid employee | 40 | $221,991 | $10,958 |
| CHARRITA QUIMBY | VP, PARTNERSHIPS AND ENGAGEMENT Highest-paid employee | 40 | $224,801 | $0 |
| HAMILTON JAMES | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| GARRETT MORAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| VERDUN PERRY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR BERYL MCEWEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ARNE DUNCAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ZINA EVANS | SVP ENROLLMENT MANAGEMENT Highest-paid employee | 40 | $355,606 | $9,692 |
| JAMES RUNCIE | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 40 | $300,424 | $20,353 |
| WAYNE CUMMINGS | SVP CHIEF TECHNOLOGY OFFICER Highest-paid employee | 40 | $285,861 | $28,223 |
| WILLIAM LEITH | MANAGING DIRECTOR Officer | 40 | $308,000 | $0 |
| ROBIN MINOR | SVP INSTITUTIONAL PARTNERS Highest-paid employee | 40 | $308,000 | $0 |
| ANNE ELIZABETH REZNIK | CHIEF OF STAFF Highest-paid employee | 40 | $271,800 | $0 |
| CECILIA LOUISE MARSHALL | DIRECTOR OF EXTERNAL PARTNERSHIPS Highest-paid employee | 40 | $215,683 | $30,045 |
| NARA LEE | SENIOR FINANCE OFFICER Officer | 40 | $219,801 | $0 |
| HAMILTON JAMES | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| GARRETT MORAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| VERDUN PERRY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BERYL MCEWEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ARNE DUNCAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ZINA EVANS | SVP ENROLLMENT MANAGEMENT Highest-paid employee | 40 | $332,480 | $24,520 |
| WILLIAM LEITH | MANAGING DIRECTOR Officer | 40 | $283,500 | $0 |
| ROBIN MINOR | SVP INSTITUTIONAL PARTNERS Highest-paid employee | 40 | $255,150 | $28,350 |
| JAMES RUNCIE | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 40 | $266,062 | $17,437 |
| WAYNE CUMMINGS | SVP CHIEF TECHNOLOGY OFFICER Highest-paid employee | 40 | $237,157 | $30,343 |
| ANNE ELIZABETH REZNIK | CHIEF OF STAFF Highest-paid employee | 40 | $209,050 | $25,550 |
| NARA LEE | SENIOR FINANCIAL MANAGER Officer | 40 | $197,509 | $4,233 |
| CECILIA LOUISE MARSHALL | DIRECTOR OF EXTERNAL PARTNERSHIPS Highest-paid employee | 40 | $171,741 | $26,259 |
| HAMILTON JAMES | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| GARRETT MORAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VERDUN PERRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BERYL MCEWEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ARNE DUNCAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 499 PARK AVENUE 27TH FLOOR, NEW YORK, NY 10022-1815
- Principal officer (990 for 2025)
- JAMES RUNCIE, 499 PARK AVENUE 27TH FLOOR, NEW YORK, NY 10022
- Signed the 990
- JAMES RUNCIE, CHIEF EXECUTIVE OFFICER
- Phone
- (212) 893-8821
- Return prepared by
- LUTZ AND CARR CPAS LLP
Mission
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.
Program accomplishments
- HBCU TRANSFORMATION DEEP SUPPORT FOR SCHOOLS WITHIN THE HBCU NETWORK TO IMPROVE ENROLLMENT,RETENTION, AND GRADUATION RATES.Expenses $16,236,083 · grants $1,232,262 · revenue $1,481,360
- CAPACITY BUILDING AND SUPPORTCAPACITY BUILDING AND SUPPORT TO MISSION-ALIGNED UNIVERSITIES.Expenses $1,427,064
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 | 990 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
- 83-1400442
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $25,931,867
- Income (IRS master file)
- $25,865,563
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $13,208,148 | $19,797,991 | $25,931,867 | XML |
| 990 | December 2024 | $21,951,817 | $24,160,336 | $29,459,148 | XML |
| 990 | December 2023 | $11,458,290 | $20,222,000 | $32,272,540 | XML |
| 990 | December 2022 | $23,831,423 | $20,605,938 | $44,587,407 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 83-1400442).
Questions about PARTNERSHIP FOR ED ADVANCEMENT INC
- What is the EIN of PARTNERSHIP FOR ED ADVANCEMENT INC?
- The employer identification number (EIN) of PARTNERSHIP FOR ED ADVANCEMENT INC is 83-1400442.
- Is PARTNERSHIP FOR ED ADVANCEMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to PARTNERSHIP FOR ED ADVANCEMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PARTNERSHIP FOR ED ADVANCEMENT 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 PARTNERSHIP FOR ED ADVANCEMENT INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PARTNERSHIP FOR ED ADVANCEMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PARTNERSHIP FOR ED ADVANCEMENT INC?
- The 990 for the year ended December 31, 2025 names JAMES RUNCIE.
- Who are the officers and directors of PARTNERSHIP FOR ED ADVANCEMENT INC?
- The 990 for the year ended December 31, 2025 lists 13 people; 8 received compensation from the organization, the highest $315,835 (MATTHEW SESSA, CHIEF OPERATING OFFICER).
- How much revenue does PARTNERSHIP FOR ED ADVANCEMENT INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $13,208,148, expenses of $19,797,991 and total assets of $25,931,867 at year end.
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