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Invest In 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 / Nonmonetary Support N.E.C. (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.43M (2023)

Expenses
$797k (2023)

Total Assets
$956k (2023)

Total Liabilities
$45.4k (2023)

Source: Form 990 tax filings from 2012 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
$1,434,971
Expenses
$797,343
Net Income
$637,628
Net Assets
$910,929
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,434,971
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 $92,000
11.5%
Professional Fundraising Fees $15,000
1.9%
Other Salaries and Wages $0
Assets/Debt
Total Assets $956,302
Total Liabilities $45,373
Net Assets $910,929
Compensation
Key Employees and Officers Compensation Related Other
Michael J Strianese (Cfo & Coo) $32,500 $32,500 $0
Anthony De Nicola (Chair) $0 $0 $0
Robert Flanigan (Treasurer) $0 $0 $0
Darla Romfo (Director) $0 $0 $0
Susan George (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$746,355
Expenses
$545,068
Net Income
$201,287
Net Assets
$273,301
Notable Sources of Revenue Percent of Total Revenue
Contributions $746,355
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 $168,504
30.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $290,997
Total Liabilities $17,696
Net Assets $273,301
Compensation
Key Employees and Officers Compensation Related Other
Allen Messer (President) $115,000 $0 $0
Michael J Strianese (Cfo & Coo) $60,000 $0 $0
Anthony De Nicola (Chair) $0 $0 $0
Robert Flanigan (Treasurer) $0 $0 $0
Darla Romfo (Director) $0 $0 $0
Susan George (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$219,500
Expenses
$201,656
Net Income
$17,844
Net Assets
$72,014
Notable Sources of Revenue Percent of Total Revenue
Contributions $219,500
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 $92,531
45.9%
Professional Fundraising Fees $0
Other Salaries and Wages $10,455
5.2%
Assets/Debt
Total Assets $85,152
Total Liabilities $13,138
Net Assets $72,014
Compensation
Key Employees and Officers Compensation Related Other
Maureen Blum (Executive Director) $71,514 $28,486 $12,556
Michael J Strianese (Cfo & Coo) $11,256 $12,744 $0
Anthony De Nicola (Chair) $0 $0 $0
Robert Flanigan (Treasurer) $0 $0 $0
Darla Romfo (Director) $0 $0 $0
Susan George (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$179,500
Expenses
$241,528
Net Income
-$62,028
Net Assets
$54,170
Notable Sources of Revenue Percent of Total Revenue
Contributions $179,500
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $64,980
Total Liabilities $10,810
Net Assets $54,170
Compensation
Key Employees and Officers Compensation Other
Michael J Strianese (Cfo & Coo) $38,000 $0
Anthony Denicola (Chair) $0 $0
Robrt Flanigan (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$364,500
Expenses
$562,585
Net Income
-$198,085
Net Assets
$116,198
Notable Sources of Revenue Percent of Total Revenue
Contributions $364,500
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 $302,173
53.7%
Professional Fundraising Fees $0
Other Salaries and Wages $1,356
0.2%
Assets/Debt
Total Assets $123,105
Total Liabilities $6,907
Net Assets $116,198
Compensation
Key Employees and Officers Compensation Related Other
Thomas W Carroll (President) $270,768 $0 $8,879
Michael J Strianese (Cfo & Coo) $28,148 $0 $0
Anthony De Nicola (Chair) $0 $0 $0
Robert Flanigan (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,425,000
Expenses
$1,181,348
Net Income
$243,652
Net Assets
$314,283
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,425,000
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 $739,090
62.6%
Professional Fundraising Fees $0
Other Salaries and Wages $134,548
11.4%
Assets/Debt
Total Assets $330,768
Total Liabilities $16,485
Net Assets $314,283
Compensation
Key Employees and Officers Compensation Related Other
Thomas W Carroll (President) $456,953 $0 $28,772
Michael Strianese (Cfo & Coo) $207,769 $0 $0
Peter Murphy (Vice President For Policy) $206,332 $0 $28,772
Deborah Docherty (Executive Assistant) $33,458 $0 $12,138
Anthony J De Nicola (Director) $0 $0 $0
Robert Flanigan (Director) $0 $0 $0
Roger Hertog (Director) $0 $0 $0
Michael Leffell (Director) $0 $0 $0
Robert Niehaus (Director) $0 $0 $0
Yossi Prager (Director) $0 $0 $0
Kathleen M Christie (Director) $0 $0 $0
Julio Fuentes (Director) $0 $0 $0
Robert P George (Director) $0 $0 $0
Susan George (Director) $0 $0 $0
John Kirtley (Director) $0 $0 $0
Timothy Mcniff Edd (Director) $0 $0 $0
Robert Pedersen (Director) $0 $0 $0
Rabbi Meir Soloveichik (Director) $0 $0 $0
Thomas J Tisch (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$925,000
Expenses
$1,335,490
Net Income
-$410,490
Net Assets
$70,631
Notable Sources of Revenue Percent of Total Revenue
Contributions $925,000
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 $693,703
51.9%
Professional Fundraising Fees $0
Other Salaries and Wages $106,577
8.0%
Assets/Debt
Total Assets $84,550
Total Liabilities $13,919
Net Assets $70,631
Compensation
Key Employees and Officers Compensation Related Other
Thomas W Carroll (President) $375,056 $0 $26,503
Michael J Strianese (Cfo & Coo) $194,667 $0 $0
Peter Murphy (Vice President For Policy) $190,332 $0 $26,503
Deborah Docherty (Executive Assistant) $83,457 $0 $18,355
Anthony J De Nicola (Chairman) $0 $0 $0
Robert Flanigan (Treasurer) $0 $0 $0
Roger Hertog (Director) $0 $0 $0
Bruce Kovner (Director) $0 $0 $0
Michael Leffell (Director) $0 $0 $0
Robert Niehaus (Director) $0 $0 $0
Yossi Prager (Director) $0 $0 $0
Kathleen M Christie (Director) $0 $0 $0
Julio Fuentes (Director) $0 $0 $0
Robert P George (Director) $0 $0 $0
Susan George (Director) $0 $0 $0
John Kirtley (Director) $0 $0 $0
Timothy Mcniff Edd (Director) $0 $0 $0
Robert Pedersen (Director) $0 $0 $0
Rabbi Meir Soloveichik (Director) $0 $0 $0
Thomas J Tisch (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$154,914
Expenses
$831,276
Net Income
-$676,362
Net Assets
$481,121
Notable Sources of Revenue Percent of Total Revenue
Contributions $154,914
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 $325,472
39.2%
Professional Fundraising Fees $0
Other Salaries and Wages $187,937
22.6%
Assets/Debt
Total Assets $504,791
Total Liabilities $23,670
Net Assets $481,121
Compensation
Key Employees and Officers Compensation Related Other
Thomas W Carroll (President) $351,817 $0 $25,204
Peter Murphy (Vice President For Policy) $186,963 $0 $25,204
Michael J Strianese (Cfo & Coo) $178,261 $0 $0
Deborah Docherty (Executive Assistant) $69,047 $0 $17,441
Anthony J De Nicola (Chairman) $0 $0 $0
Bruce Kovner (Director) $0 $0 $0
Roger Hertog (Director) $0 $0 $0
Julio Fuentes (Director) $0 $0 $0
Robert P George (Director) $0 $0 $0
Susan George (Director) $0 $0 $0
John Kirtley (Director) $0 $0 $0
Kathleen M Christie (Director) $0 $0 $0
Timothy Mcniff Edd (Director) $0 $0 $0
Thomas J Tisch (Director) $0 $0 $0
Robert Pedersen (Director) $0 $0 $0
Yossi Prager (Director) $0 $0 $0
Rabbi Meir Soloveichik (Director) $0 $0 $0
Emmett Mcgroarty (Director) $0 $0 $0
Michael Leffell (Director) $0 $0 $0
Robert Flanigan (Treasurer) $0 $0 $0
Robert Niehaus (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,044,867
Expenses
$1,628,161
Net Income
-$583,294
Net Assets
$1,157,482
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,046,593
> 100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,726
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $716,294
44.0%
Professional Fundraising Fees $0
Other Salaries and Wages $200,322
12.3%
Assets/Debt
Total Assets $1,171,958
Total Liabilities $14,476
Net Assets $1,157,482

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$823,097
Expenses
$1,481,965
Net Income
-$658,868
Net Assets
$1,740,776
Notable Sources of Revenue Percent of Total Revenue
Contributions $754,983
91.7%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,221
Net Inventory Sales $0
Other Revenue $69,335
8.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $748,701
50.5%
Professional Fundraising Fees $0
Other Salaries and Wages $270,811
18.3%
Assets/Debt
Total Assets $1,753,157
Total Liabilities $12,381
Net Assets $1,740,776
Compensation
Key Employees and Officers Compensation Related Other
Thomas W Carroll (President) $437,538 $0 $19,978
Peter Murphy (Vice President For Policy) $194,618 $0 $20,172
Michael J Strianese (Cfo & Coo) $194,253 $0 $0
B Jason Brooks (Employee) $123,628 $0 $0
Deborah Docherty (Executive Assistant) $83,150 $0 $13,781
Roger Hertog (Chairman) $0 $0 $0
Kathleen M Christy (Director) $0 $0 $0
Anthony J De Nicola (Director) $0 $0 $0
Julio Fuentes (Director) $0 $0 $0
Robert P George (Director) $0 $0 $0
Susan George (Director) $0 $0 $0
John Kirtley (Director) $0 $0 $0
Bruce Kovner (Treasurer) $0 $0 $0
Timothy Mcniff Edd (Director) $0 $0 $0
Thomas J Tisch (Director) $0 $0 $0
Robert Pedersen (Director) $0 $0 $0
Yossi Prager (Director) $0 $0 $0
Rabbi Meir Soloveichik (Director) $0 $0 $0
Emmett Mcgroarty (Director) $0 $0 $0
Michael Leffell (Director) $0 $0 $0
Robert Flanigan (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,029,357
Expenses
$1,589,049
Net Income
-$559,692
Net Assets
$2,399,644
Notable Sources of Revenue Percent of Total Revenue
Contributions $978,100
95.0%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,609
Net Inventory Sales $0
Other Revenue $52,866
5.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $989,607
62.3%
Assets/Debt
Total Assets $2,411,154
Total Liabilities $11,510
Net Assets $2,399,644
Compensation
Key Employees and Officers Compensation Related Other
Thomas W Carroll (President) $418,943 $0 $19,685
Michael J Strianese (Cfo & Coo) $190,000 $0 $462
Peter Murphy (Vice President) $190,000 $0 $18,694
Deborah Docherty (Secretary) $80,458 $0 $18,395
Roger Hertog (Chairman) $0 $0 $0
Kathleen M Christy (Director) $0 $0 $0
Anthony J De Nicola (Director) $0 $0 $0
Julio Fuentes (Director) $0 $0 $0
Robert P George (Director) $0 $0 $0
Susan George (Director) $0 $0 $0
John Kirtley (Director) $0 $0 $0
Bruce Kovner (Director) $0 $0 $0
Timothy Mcniff Edd (Director) $0 $0 $0
Thomas J Tisch (Director) $0 $0 $0
Robert Pedersen (Director) $0 $0 $0
Yossi Prager (Director) $0 $0 $0
Rabbi Meir Soloveichik (Director) $0 $0 $0
Emmett Mcgroarty (Director) $0 $0 $0
Michael Leffell (Director) $0 $0 $0
Robert Flanigan (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,138,006
Expenses
$1,178,670
Net Income
$2,959,336
Net Assets
$2,959,336
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,138,472
> 100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$466
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $652,388
55.3%
Assets/Debt
Total Assets $3,012,583
Total Liabilities $53,247
Net Assets $2,959,336

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

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