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Nonprofiteer
← THE NEA FOUNDATION FOR THE IMPROVEMENT OF EDUCATION

Form 990 for tax year 2024

Filed by THE NEA FOUNDATION FOR THE IMPROVEMENT OF EDUCATION.

Totals

Total revenue
$6,815,298
Total expenses
$6,770,078
Contributions and grants received
$4,780,157
Grants paid
$2,244,472
Program service revenue
$0
Investment income
$2,035,141
Other revenue
$0
Total assets, end of year
$56,235,764
Total liabilities, end of year
$2,697,324
Net assets or fund balances, end of year
$53,538,440
Program services expenses (Part IX)
$5,444,703
Management and general expenses
$892,048
Fundraising expenses
$433,327
Program service expenses (Part III)
$5,444,703

Program services were 80.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $352,821

  • 1f · All other contributions, gifts and grants

    $4,427,336

  • 3 · Investment income

    total $313,295 · excluded $313,295

  • 7a · Gross sales of assets other than inventory

    securities $2,243,897

  • 7b · Less cost or other basis and sales expenses

    securities $522,051

  • 7c · Gain or loss

    securities $1,721,846

  • 7d · Net gain or loss

    total $1,721,846 · excluded $1,721,846

  • 8a · Fundraising events: gross income

    $225,000

  • 8a · Fundraising events: contributions included on line 1c

    $352,821

  • 8b · Fundraising events: direct expenses

    $225,000

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,397,675 · program services $1,397,675

  • 2 · Grants to domestic individuals

    total $846,797 · program services $846,797

  • 5 · Compensation of officers, directors and key employees

    total $819,236 · program services $335,675 · management and general $325,256 · fundraising $158,305

  • 7 · Other salaries and wages

    total $1,345,123 · program services $1,124,252 · management and general $65,895 · fundraising $154,976

  • 8 · Pension plan contributions

    total $111,720 · program services $99,269 · management and general $292 · fundraising $12,159

  • 9 · Other employee benefits

    total $180,256 · program services $132,293 · management and general $28,048 · fundraising $19,915

  • 10 · Payroll taxes

    total $164,825 · program services $113,246 · management and general $25,932 · fundraising $25,647

  • 11b · Fees: legal

    total $17,195 · program services $6,568 · management and general $9,786 · fundraising $841

  • 11c · Fees: accounting

    total $33,280 · management and general $33,280

  • 11f · Fees: investment management

    total $216,397 · management and general $216,397

  • 11g · Fees: other

    total $866,166 · program services $825,518 · management and general $6,800 · fundraising $33,848

  • 12 · Advertising and promotion

    total $1,628 · program services $733 · management and general $671 · fundraising $224

  • 13 · Office expenses

    total $66,059 · program services $29,759 · management and general $27,218 · fundraising $9,082

  • 16 · Occupancy

    total $7,500 · program services $7,500

  • 17 · Travel

    total $512,681 · program services $419,206 · management and general $93,189 · fundraising $286

  • 19 · Conferences, conventions and meetings

    total $46,595 · program services $20,992 · management and general $19,198 · fundraising $6,405

  • 22 · Depreciation, depletion and amortization

    total $10,365 · program services $7,266 · management and general $1,646 · fundraising $1,453

  • 23 · Insurance

    total $26,625 · program services $11,995 · management and general $10,970 · fundraising $3,660

  • 24a · Other expenses: EQUIP. RENTAL & MAINT.

    total $43,634 · program services $43,634

  • 24b · Other expenses: LICENSE & REG. FEES

    total $12,772 · program services $5,754 · management and general $5,262 · fundraising $1,756

  • 24c · Other expenses: DUES & MEMBERSHIPS

    total $12,280 · program services $5,532 · management and general $5,060 · fundraising $1,688

  • 24d · Other expenses: PERIODICALS/BOOKS

    total $11,049 · program services $4,978 · management and general $4,552 · fundraising $1,519

  • 24e · All other expenses

    total $20,220 · program services $6,061 · management and general $12,596 · fundraising $1,563

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $736,157 · end of year $1,615,578

  • 2 · Savings and temporary cash investments

    beginning of year $201,484 · end of year $246,800

  • 3 · Pledges and grants receivable

    beginning of year $992,958 · end of year $736,781

  • 4 · Accounts receivable

    beginning of year $29,591 · end of year $25,278

  • 9 · Prepaid expenses and deferred charges

    beginning of year $188,356 · end of year $235,343

  • 10a · Land, buildings and equipment: cost or other basis

    $165,692

  • 10b · Land, buildings and equipment: accumulated depreciation

    $92,046

  • 10c · Land, buildings and equipment, net

    beginning of year $54,306 · end of year $73,646

  • 11 · Investments: publicly traded securities

    beginning of year $15,267,264 · end of year $15,613,499

  • 12 · Investments: other securities

    beginning of year $35,263,243 · end of year $37,688,839

  • 17 · Accounts payable and accrued expenses

    beginning of year $362,785 · end of year $407,673

  • 18 · Grants payable

    beginning of year $1,672,740 · end of year $2,017,002

  • 19 · Deferred revenue

    end of year $42,600

  • 21 · Escrow or custodial account liability

    beginning of year $213,926 · end of year $230,049

  • 27 · Net assets without donor restrictions

    beginning of year $49,634,679 · end of year $52,325,454

  • 28 · Net assets with donor restrictions

    beginning of year $849,229 · end of year $1,212,986

Mission and programs · 2024

Mission

THE NEA FOUNDATION (THE FOUNDATION), WORKS IN PARTNERSHIP WITH OTHERS TO ADVANCE THE ABSOLUTE BEST IN PUBLIC EDUCATION.

Activities or mission (Part I)

THE FDN. WORKS IN PARTNERSHIP WITH OTHERS TO ADVANCE THE ABSOLUTE BEST IN PUBLIC EDUCATION.

  • COMMUNITY SCHOOLS INITIATIVE - THE FOUNDATION'S COMMUNITY SCHOOLS INITIATIVE SUPPORTS THE DEVELOPMENT OF COMMUNITY SCHOOLS AS AN EDUCATIONAL STRATEGY IN THE AMERICAN SOUTH, A REGION WITH PERSISTENT PATTERNS OF UNDERINVESTMENT IN PUBLIC EDUCATION AND THE HIGHEST CHILD POVERTY RATE IN THE NATION. COMMUNITY SCHOOLS ARE CO-CREATED THROUGH PARTNERSHIPS AMONG EDUCATORS AND SCHOOL LEADERS, COMMUNITY ORGANIZATIONS, STUDENTS, FAMILIES, AND LOCAL BUSINESS AND INSTITUTIONS TO MEET STUDENTS' ACADEMIC AND NON-ACADEMIC NEEDS. THROUGH ITS INITIATIVE, THE FOUNDATION HAS BUILT A REGIONAL COMMUNITY OF PRACTICE TO SUPPORT THE DEVELOPMENT OF COMMUNITY SCHOOLS ACROSS ARKANSAS, LOUISIANA AND MISSISSIPPI.

    Expenses $1,197,475 · Grants $1,004,422

  • GRANTS TO EDUCATORS - TO IMPROVE STUDENT LEARNING, THE FOUNDATION PROVIDES GRANTS TO INDIVIDUALS AND TEAMS OF EDUCATORS TO SUPPORT INSTRUCTIONAL PRACTICE AND PROFESSIONAL DEVELOPMENT ACROSS ALL SUBJECT AREAS AND GRADE LEVELS. BY DIRECTLY FUNDING EDUCATOR-CONCEIVED AND LED PROJECTS, THE FOUNDATION ENABLES EDUCATORS TO CHART THEIR OWN COURSE TO SOLVE TEACHING AND LEARNING CHALLENGES. THE FOUNDATION GLEANS KNOWLEDGE FROM THESE GRANTS TO SHARE WHAT WORKS WITH THE FIELD AND TO INFORM OUR BROADER BODY OF WORK.

    Expenses $825,143 · Grants $767,051

  • AWARDS FOR TEACHING EXCELLENCE - THE FOUNDATION PRESENTS THE AWARDS FOR TEACHING EXCELLENCE AT OUR ANNUAL GALA TO HONOR THE CRITICAL WORK THAT PUBLIC SCHOOL EDUCATORS DO EVERY DAY. IN 2025, WE CELEBRATED 48 EXEMPLARY EDUCATORS, ALL FROM DIFFERENT STATES, IN FRONT OF AN AUDIENCE OF THOUSANDS OF PEOPLE ONLINE.

    Expenses $646,260 · Grants $90,000

  • PROGRAM ADMINISTRATION

    Expenses $2,016,685

  • GLOBAL LEARNING FELLOWSHIP

    Expenses $376,140

  • RESPONSIVE GRANTMAKING

    Expenses $166,000 · Grants $166,000

  • PARTNERSHIPS

    Expenses $217,000 · Grants $217,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • SARA SNEED

    PRESIDENT & CEO

    Total calculated
    $355,474
    From this org
    $304,983
    From related orgs
    $0
    Other
    $50,491
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $304,983
    Bonus
    $0
    Other
    $0
    Deferred
    $30,498
    Nontaxable benefits
    $19,993
    Filer's total
    $355,474

  • NICK ARCHULETA

    CHAIR

    Total calculated
    $0
    Hours/week
    10

  • OLETA GARRETT FITZGERALD

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • TIA DOWDELL

    SECRETARY-TREASURER

    Total calculated
    $0
    Hours/week
    2

  • ARTHUR AFFLECK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AARO JEAN BELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAAIYAH BILAL-THREATS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRET CONKLIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BERTIS DOWNS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAURA ENGEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERICA WEBBER JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOANNE KRELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STUART LUCAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRENT MCKIM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARC MOORGHEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROGER POLLAK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BECKY PRINGLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JANE QUIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARCY SINGER-GABELLA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DENISE SHEEHAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DERRON WALLACE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MONICA WASHINGTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JERRY WEAST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROSS WIENER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CICELY WOODARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARGARET PORTA

    COIO

    Total calculated
    $241,384
    From this org
    $187,181
    From related orgs
    $0
    Other
    $54,203
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $187,181
    Bonus
    $0
    Other
    $0
    Deferred
    $18,718
    Nontaxable benefits
    $35,485
    Filer's total
    $241,384

  • ERIC JAMES

    CFAO

    Total calculated
    $213,427
    From this org
    $192,796
    From related orgs
    $0
    Other
    $20,631
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $192,796
    Bonus
    $0
    Other
    $0
    Deferred
    $19,280
    Nontaxable benefits
    $1,351
    Filer's total
    $213,427

  • KATHERINE GIBNEY

    SVP OF DEVELOPMENT

    Total calculated
    $206,599
    From this org
    $158,402
    From related orgs
    $0
    Other
    $48,197
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $158,402
    Bonus
    $0
    Other
    $0
    Deferred
    $15,840
    Nontaxable benefits
    $32,357
    Filer's total
    $206,599

  • ALEXANDER WILKINS

    VP OF FINANCE & ADMIN

    Total calculated
    $124,440
    From this org
    $103,822
    From related orgs
    $0
    Other
    $20,618
    Hours/week
    37.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
30 January 2026
IRS schema version
2024v5.5
Source object
202600309349300620

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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