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The Institute For Educational Advancements 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 / Parent/Teacher Group (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$137k (2024)

Expenses
$238k (2024)

Total Assets
$2.88M (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

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.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$137,190
Expenses
$237,523
Net Income
-$100,333
Net Assets
$2,879,221
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $15,446
11.3%
Dividends $121,653
88.7%
Sales of Assets $91
0.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $225,777
95.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,879,221
Total Liabilities $0
Net Assets $2,879,221
Compensation
Key Employees and Officers Compensation Other
Matthew Ornstein (President) $0 $0
Michael Bean (Director) $0 $0
Anna Parker (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$481,865
Expenses
$384,489
Net Income
-$866,354
Net Assets
$2,979,554
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $37,715
Dividends $37,319
Sales of Assets -$556,899
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $363,669
94.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,979,554
Total Liabilities $0
Net Assets $2,979,554
Compensation
Key Employees and Officers Compensation Other
Matthew Ornstein (President) $0 $0
Michael Bean (Director) $0 $0
Anna Parker (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$58,737
Expenses
$125,514
Net Income
-$66,777
Net Assets
$3,845,908
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $2,517
4.3%
Dividends $34,735
59.1%
Sales of Assets $21,485
36.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $88,468
70.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,846,432
Total Liabilities $524
Net Assets $3,845,908
Compensation
Key Employees and Officers Compensation Other
Matthew Ornstein (President) $0 $0
Michael Bean (Director) $0 $0
Anna Parker (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$327,119
Expenses
$319,974
Net Income
$7,145
Net Assets
$3,889,135
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $23,884
7.3%
Dividends $25,899
7.9%
Sales of Assets $254,022
77.7%
Other Income $23,314
7.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $211,424
66.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,895,442
Total Liabilities $6,307
Net Assets $3,889,135
Compensation
Key Employees and Officers Compensation Other
Matthew Ornstein (President) $0 $0
Michael Bean (Director) $0 $0
Anna Parker (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$500,704
Expenses
$1,195,757
Net Income
-$695,053
Net Assets
$3,881,990
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $14,189
2.8%
Dividends $320
0.1%
Sales of Assets $475,111
94.9%
Other Income -$689
Notable Expenses Percent of Total Expenses
Charitable Disbursements $195,581
16.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,937,729
Total Liabilities $55,739
Net Assets $3,881,990
Compensation
Key Employees and Officers Compensation Other
Matthew Ornstein (President) $0 $0
Michael Bean (Director) $0 $0
Anna Parker (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,292,655
Expenses
$450,770
Net Income
$1,841,885
Net Assets
$4,577,042
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $10,260
0.4%
Interest Revenue $1
0.0%
Dividends $0
Sales of Assets $2,280,437
99.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $361,543
80.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,577,043
Total Liabilities $1
Net Assets $4,577,042
Compensation
Key Employees and Officers Compensation Other
Matthew Ornstein (President) $0 $0
Michael Bean (Director) $0 $0
Anna Parker (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$678,036
Expenses
$277,276
Net Income
$400,760
Net Assets
$2,735,158
Notable Sources of Revenue Percent of Total Revenue
Contributions $12,219
1.8%
Program Services $0
Investment Income $7
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$129,971
Net Fundraising $0
Sales of Assets $795,781
> 100%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,620,438
Total Liabilities $885,280
Net Assets $2,735,158
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Matthew Ornstein (President) $0 $0 $0
Michael Bean (Director) $0 $0 $0
Anna Parker (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$205
Expenses
$195,904
Net Income
-$195,699
Net Assets
$2,347,584
Notable Sources of Revenue Percent of Total Revenue
Contributions $205
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,481,494
Total Liabilities $1,133,910
Net Assets $2,347,584
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Matthew Ornstein (President) $0 $0 $0
Michael Bean (Director) $0 $0 $0
Anna Parker (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$0
Expenses
$138,938
Net Income
-$138,938
Net Assets
$2,737,830
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,494,002
Total Liabilities $756,172
Net Assets $2,737,830
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Matthew Ornstein (President) $0 $0 $0
Michael Bean (Director) $0 $0 $0
Anna Parker (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$0
Expenses
$184,067
Net Income
-$184,067
Net Assets
$3,039,605
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,507,287
Total Liabilities $467,682
Net Assets $3,039,605
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Matthew Ornstein (President) $0 $0 $0
Michael Bean (Director) $0 $0 $0
Anna Parker (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,646
Expenses
$160,821
Net Income
-$159,175
Net Assets
$3,496,301
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,036
62.9%
Program Services $0
Investment Income $610
37.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,496,301
Total Liabilities $0
Net Assets $3,496,301
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Matthew Ornstein (President) $0 $0 $0
Michael Bean (Director) $0 $0 $0
Anna Parker (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$87,695
Expenses
$7,368,580
Net Income
-$7,280,885
Net Assets
$10,676,930
Notable Sources of Revenue Percent of Total Revenue
Contributions $87,150
99.4%
Program Services $0
Investment Income $545
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,676,930
Total Liabilities $0
Net Assets $10,676,930
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Matthew Ornstein (President) $0 $0 $0
Michael Bean (Director) $0 $0 $0
Anna Parker (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,537,027
Expenses
$1,489,917
Net Income
$1,047,110
Net Assets
$17,957,815
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,527,853
99.6%
Program Services $0
Investment Income $9,174
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $17,957,815
Total Liabilities $0
Net Assets $17,957,815

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,496,147
Expenses
$277,519
Net Income
$1,218,628
Net Assets
$16,910,705
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,496,147
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $15,714
5.7%
Other Salaries and Wages $0
Assets/Debt
Total Assets $16,910,705
Total Liabilities $0
Net Assets $16,910,705

Document Links

Fiscal Year Ending Dec.
2010

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.
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

About This Data

What Is 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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  • Raw filing data. Includes EINs and summary financials as structured data.
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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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