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Nellie Mae Education Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Fund Raising and/or Fund Distribution (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$21.4M (2023)

Expenses
$23.1M (2023)

Total Assets
$519M (2023)

Total Liabilities
$11.6M (2023)

Source: Form 990 tax filings from 2010 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,415,739
Expenses
$23,090,325
Net Income
-$1,674,586
Net Assets
$507,829,372
Notable Sources of Revenue Percent of Total Revenue
Contributions $200,000
0.9%
Program Services $0
Investment Income $4,477,333
20.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $16,738,406
78.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,838,535
8.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,787,619
7.7%
Assets/Debt
Total Assets $519,417,333
Total Liabilities $11,587,961
Net Assets $507,829,372
Compensation
Key Employees and Officers Compensation Related Other
Gislaine Ngounou (Interim Pres & Ceo (Until 1/17/23)) $498,101 $0 $2,678
Michael Carey (Interim Ceo & Treas. (Until 7/9/23)) $326,464 $0 $70,652
Jessica Spohn (Interim President (Until 7/9/23)) $295,885 $0 $68,863
Dr Gisele Shorter (President & Ceo) $285,301 $0 $28,455
Delia Arellano Weddleton (Dir. Of Engagement & Partnerhips) $214,122 $0 $52,887
Ellen Wang (Sr. Program & Equity Officer) $173,828 $0 $25,008
Marcos Popovich (Program Director, Grantmaking) $170,352 $0 $53,317
Paul Marsh (It Manager) $165,585 $0 $33,625
Nina Culberston (Program Dir, Learning/Research/Eval) $156,896 $0 $50,704
Nicholas C Donohue (Former President & Ceo) $143,576 $0 $0
Pamela White (Clerk) $123,368 $0 $27,051
Warren Simmons (Director) $41,000 $0 $0
Prabal Chakrabarti (Director) $24,000 $0 $0
Betty Fransisco (Director) $24,000 $0 $0
Elizabeth Hilpman (Director) $24,000 $0 $0
John Jackson (Director) $24,000 $0 $0
Deborah Jewell Sherman (Director) $24,000 $0 $0
Elsa Nunez (Director) $24,000 $0 $0
Dania Vazquez (Director) $24,000 $0 $0
Prudence Carter (Director) $20,000 $0 $0
Mishone Donelson (Director) $20,000 $0 $0
Makeeba Mccreary (Director) $20,000 $0 $0
Colleen Quint (Director) $20,000 $0 $0
John Remondi (Director) $20,000 $0 $0
Nicholas Warren (Director) $20,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$23,248,571
Expenses
$26,327,764
Net Income
-$3,079,193
Net Assets
$469,114,365
Notable Sources of Revenue Percent of Total Revenue
Contributions $700,000
3.0%
Program Services $0
Investment Income $3,153,587
13.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $19,394,984
83.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,905,704
7.2%
Professional Fundraising Fees $0
Other Salaries and Wages $2,033,568
7.7%
Assets/Debt
Total Assets $483,194,914
Total Liabilities $14,080,549
Net Assets $469,114,365
Compensation
Key Employees and Officers Compensation Related Other
Nicholas C Donohue (Former President & Ceo) $530,748 $0 $25,429
Gislaine Ngounou (Interim President & Ceo) $466,494 $0 $57,876
Michael Carey (Vp For Finance & Admin, Treasurer) $306,698 $0 $67,196
Jessica Spohn (Director Of Grantmaking) $227,911 $0 $56,369
Delia Arellano Weddleton (Dir. Of Engagement & Partnerships) $203,378 $0 $51,962
Paul Marsh (It Manager) $158,585 $0 $33,216
Nina Culberston (Program Dir, Learning/Research/Eval) $156,139 $0 $50,768
Marcos Popovich (Program Director, Grantmaking) $149,376 $0 $49,365
Pamela White (Clerk) $117,296 $0 $26,255
Gregory Gunn (Director) $39,000 $0 $0
Warren Simmons (Director) $27,667 $0 $0
Betty Fransisco (Director) $24,000 $0 $0
Elizabeth Hilpman (Director) $24,000 $0 $0
Elsa Nunez (Director) $24,000 $0 $0
Christina Jimenez Moret (Director) $24,000 $0 $0
Colleen Quint (Director) $24,000 $0 $0
John Jackson (Director) $20,000 $0 $0
Deborah Jewell Sherman (Director) $20,000 $0 $0
John Remondi (Director) $20,000 $0 $0
Dania Vazquez (Director) $20,000 $0 $0
Nicholas Warren (Director) $20,000 $0 $0
Mishone Donelson (Director) $20,000 $0 $0
Stephen Kossakoski (Director (Until 9/30/22)) $15,000 $0 $0
Prabal Chakrabarti (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$94,584,276
Expenses
$23,289,401
Net Income
$71,294,875
Net Assets
$568,271,131
Notable Sources of Revenue Percent of Total Revenue
Contributions $100,000
0.1%
Program Services $0
Investment Income $3,811,583
4.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $90,672,693
95.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,866,023
8.0%
Professional Fundraising Fees $0
Other Salaries and Wages $2,585,014
11.1%
Assets/Debt
Total Assets $585,493,964
Total Liabilities $17,222,833
Net Assets $568,271,131
Compensation
Key Employees and Officers Compensation Related Other
Nicholas C Donohue (President & Ceo (Until 05/31/21)) $593,002 $0 $40,075
Gislaine Ngounou (Interim President & Ceo) $371,824 $0 $55,030
Michael Carey (Vp For Finance & Admin, Treasurer) $298,037 $0 $64,277
Jessica Spohn (Director Of Grantmaking) $198,048 $0 $49,129
Delia Arellano Weddleton (Dir. Of Engagement & Partnerships) $180,636 $0 $46,739
Paul Marsh (It Manager) $151,364 $0 $31,592
Marcos Popovich (Program Director, Grantmaking) $141,885 $0 $46,870
Nina Culberston (Program Dir, Learning/Research/Eval) $141,850 $0 $46,870
Pamela White (Clerk) $110,131 $0 $24,831
Gregory Gunn (Director) $39,000 $0 $0
Colleen Quint (Director) $26,000 $0 $0
Deborah Jewell Sherman (Director) $24,000 $0 $0
Elsa Nunez (Director) $24,000 $0 $0
John Remondi (Director) $24,000 $0 $0
Warren Simmons (Director) $24,000 $0 $0
Nicholas Warren (Director) $24,000 $0 $0
Allen Boston (Director) $20,000 $0 $0
Betty Fransisco (Director) $20,000 $0 $0
Elizabeth Hilpman (Director) $20,000 $0 $0
John Jackson (Director) $20,000 $0 $0
Stephen Kossakoski (Director) $20,000 $0 $0
Christina Jimenez Moret (Director) $20,000 $0 $0
Dania Vazquez (Director) $20,000 $0 $0
Prabal Chakrabarti (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,672,878
Expenses
$43,160,448
Net Income
-$14,487,570
Net Assets
$510,073,558
Notable Sources of Revenue Percent of Total Revenue
Contributions $10,000
0.0%
Program Services $0
Investment Income $1,352,875
4.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $27,310,003
95.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,755,949
4.1%
Professional Fundraising Fees $0
Other Salaries and Wages $2,336,680
5.4%
Assets/Debt
Total Assets $533,194,184
Total Liabilities $23,120,626
Net Assets $510,073,558
Other
Provided first-class or charter travel
Compensation
Key Employees and Officers Compensation Related Other
Nicholas C Donohue (President & Ceo) $555,294 $0 $69,371
Michael Carey (Vp For Finance & Admin, Treasurer) $295,969 $0 $61,562
Gislaine Ngounou (Vp For Strategy & Programs) $266,513 $0 $52,412
Eve Goldberg Until 33120 (Director Of Research) $194,190 $0 $27,062
Jessica Spohn (Director Of Grantmaking) $184,001 $0 $45,778
Delia Arellano Weddleton (Dir. Of Engagement & Partnerships) $180,914 $0 $45,557
Charles Toulmin Until 13120 (Director Of Policy) $163,841 $0 $25,284
Sonia Gleason Until 41020 (Dir. Of Strategic Learning & Eval.) $160,328 $0 $28,135
Pamela White (Clerk) $108,836 $0 $24,206
Gregory Gunn (Director) $39,000 $0 $0
Colleen Quint (Director) $28,000 $0 $0
Deborah Jewell Sherman (Director) $24,000 $0 $0
Elsa Nunez (Director) $24,000 $0 $0
John Remondi (Director) $24,000 $0 $0
Warren Simmons (Director) $24,000 $0 $0
Nicholas Warren (Director) $24,000 $0 $0
Allen Boston (Director) $20,000 $0 $0
Betty Fransisco (Director) $20,000 $0 $0
Elizabeth Hilpman (Director) $20,000 $0 $0
John Jackson (Director) $20,000 $0 $0
Stephen Kossakoski (Director) $20,000 $0 $0
Janet Phlegar (Director) $20,000 $0 $0
Dania Vazquez (Director) $20,000 $0 $0
Prabal Chakrabarti (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,725,485
Expenses
$29,304,784
Net Income
-$15,579,299
Net Assets
$495,873,385
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $2,622,124
19.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $11,103,361
80.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,656,465
5.7%
Professional Fundraising Fees $0
Other Salaries and Wages $2,313,235
7.9%
Assets/Debt
Total Assets $508,837,432
Total Liabilities $12,964,047
Net Assets $495,873,385

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$27,688,584
Expenses
$36,238,805
Net Income
-$8,550,221
Net Assets
$454,050,863
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $2,469,558
8.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $25,219,026
91.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,318,658
3.6%
Professional Fundraising Fees $0
Other Salaries and Wages $2,304,055
6.4%
Assets/Debt
Total Assets $474,910,881
Total Liabilities $20,860,018
Net Assets $454,050,863

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,681,727
Expenses
$40,083,082
Net Income
-$21,401,355
Net Assets
$518,068,814
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $3,711,561
19.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $14,970,166
80.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,584,222
4.0%
Professional Fundraising Fees $0
Other Salaries and Wages $2,204,809
5.5%
Assets/Debt
Total Assets $543,378,232
Total Liabilities $25,309,418
Net Assets $518,068,814

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,551,439
Expenses
$37,678,141
Net Income
-$19,126,702
Net Assets
$487,332,552
Notable Sources of Revenue Percent of Total Revenue
Contributions $300,000
1.6%
Program Services $0
Investment Income $3,583,472
19.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $14,667,967
79.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,549,759
4.1%
Professional Fundraising Fees $0
Other Salaries and Wages $2,053,955
5.5%
Assets/Debt
Total Assets $507,900,527
Total Liabilities $20,567,975
Net Assets $487,332,552

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,120,245
Expenses
$27,692,639
Net Income
-$5,572,394
Net Assets
$494,086,080
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $3,424,168
15.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $18,696,077
84.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,667,140
6.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,652,125
6.0%
Assets/Debt
Total Assets $506,350,110
Total Liabilities $12,264,030
Net Assets $494,086,080

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$23,687,429
Expenses
$25,695,670
Net Income
-$2,008,241
Net Assets
$532,392,171
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $352,841
1.5%
Investment Income $3,911,686
16.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $19,422,902
82.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,831,212
7.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,403,432
5.5%
Assets/Debt
Total Assets $544,884,592
Total Liabilities $12,492,421
Net Assets $532,392,171

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,421,889
Expenses
$24,321,610
Net Income
-$7,899,721
Net Assets
$532,392,389
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $525,815
3.2%
Investment Income $3,454,077
21.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $12,441,997
75.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,355,009
5.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,592,797
6.5%
Assets/Debt
Total Assets $543,288,540
Total Liabilities $10,896,151
Net Assets $532,392,389

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,175,774
Expenses
$19,130,961
Net Income
-$12,955,187
Net Assets
$479,939,233
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $769,350
12.5%
Investment Income $4,188,502
67.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,217,922
19.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,289,478
6.7%
Professional Fundraising Fees $0
Other Salaries and Wages $1,346,351
7.0%
Assets/Debt
Total Assets $488,648,057
Total Liabilities $8,708,824
Net Assets $479,939,233

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,219,061
Expenses
$21,260,618
Net Income
-$15,041,557
Net Assets
$440,045,323
Notable Sources of Revenue Percent of Total Revenue
Contributions $359,575
5.8%
Program Services $755,637
12.2%
Investment Income $493,246
7.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,610,603
74.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,282,537
6.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,461,081
6.9%
Assets/Debt
Total Assets $452,722,307
Total Liabilities $12,676,984
Net Assets $440,045,323

Document Links

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,569,543
Expenses
$20,273,311
Net Income
-$1,703,768
Net Assets
$468,347,493
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,750,000
9.4%
Program Services $1,016,089
5.5%
Investment Income $5,639,781
30.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $10,163,673
54.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,277,968
6.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,375,707
6.8%
Assets/Debt
Total Assets $476,103,712
Total Liabilities $7,756,219
Net Assets $468,347,493

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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