Form 990 for tax year 2024

Totals

Total revenue

$40,949,471

Total expenses

$29,994,105

Contributions and grants received

$0

Grants paid

$21,134,532

Program service revenue

$0

Investment income

$40,949,471

Other revenue

$0

Total assets, end of year

$543,039,688

Total liabilities, end of year

$10,508,179

Net assets or fund balances, end of year

$532,531,509

Program services expenses (Part IX)

$25,558,135

Management and general expenses

$4,435,970

Fundraising expenses

$0

Program service expenses (Part III)

$25,558,135

Program services were 85.2% 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.

Mission and programs · 2024

• NELLIE MAE EDUCATION FOUNDATION'S ("NMEF", "NMEF'S", "THE FOUNDATION", "NELLIE MAE" HEREAFTER) GRANTMAKING STRATEGY FOCUSES ON ENSURING STUDENTS HAVE THE RESOURCES, SUPPORT, AND OPPORTUNITIES NECESSARY TO SUCCEED IN THE CLASSROOM AND BEYOND. WE DO THIS BY BUILDING THE CAPACITY, SUSTAINABILITY, AND EDUCATIONAL FUNCTIONS OF EDUCATIONAL ORGANIZATIONS THAT QUALIFY AS PUBLIC CHARITIES (ORGANIZATION OR ORGANIZATIONS" HEREAFTER).THIS APPROACH REFLECTS OUR DEEP COMMITMENT TO ENSURE EVERY YOUNG PERSON HAS ACCESS TO EXCELLENT, RIGOROUS, AND RELEVANT EDUCATIONAL EXPERIENCES THAT AFFIRM THEIR INDIVIDUALITY AND PREPARE THEM TO THRIVE IN SCHOOL, COMMUNITY, AND CAREERS OF THE FUTURE. (CONTINUATION ON SCHEDULE O)ORGANIZATIONS FUNDED BY NELLIE MAE FOCUS ON EDUCATING WHETHER THAT'S AS AN EDUCATIONAL INSTITUTION, AN ORGANIZATION TRAINING INDIVIDUALS OR OTHER ORGANIZATIONS, INFORMING THE GENERAL PUBLIC, OR DEVELOPING AND SHARING EDUCATIONAL RESOURCES. THIS WORK FALLS UNDER THE FOLLOWING FOUR PORTFOLIOS: CAPACITY BUILDING ACCELERATOR (P1), SYSTEMS TRANSFORMATION (P2), STRENGTHENING COALITIONS (P3), AND INTEGRATED REINFORCING ACTIVITIES (P4). THE FOUNDATION ALSO GRANTS FUNDING FOR RAPID-RESPONSE AND EVENT SPONSORSHIPS.CAPACITY BUILDING ACCELERATOR (P1) CORE OBJECTIVE: STRENGTHEN THE ECOSYSTEM OF INDIVIDUALS AND ORGANIZATIONS THAT SUPPORT SCHOOLS AND DISTRICTS TO SEE, UNDERSTAND, AND MEET THE UNIQUE NEEDS OF STUDENTS.SYSTEMS TRANSFORMATION (P2) CORE OBJECTIVE: INCREASE THE NUMBER OF SCHOOL, DISTRICT, AND STATE EDUCATION LEADERS WITH THE CAPACITY, STRATEGIES, AND RESOURCES TO ENACT POLICIES AND PRACTICES THAT ADDRESS OPPORTUNITY AND ACHIEVEMENT GAPS, ENSURING THAT EACH AND EVERY STUDENT BENEFITS FROM AN EXCELLENT PUBLIC EDUCATION.STRENGTHENING COALITIONS (P3) CORE OBJECTIVE: BRING TOGETHER EDUCATION LEADERS, EXPERTS, AND COMMUNITY GROUPS TO BUILD SHARED GOALS AND SUPPORT ORGANIZATIONS AT THE LOCAL AND LEADERSHIP LEVELS TO CLOSE OPPORTUNITY AND ACHIEVEMENT GAPS AND IMPROVE OUTCOMES FOR ALL STUDENTS.INTEGRATED REINFORCING ACTIVITIES (P4) CORE OBJECTIVE: USE STORYTELLING, RESEARCH, AND COMMUNITY VOICES TO RAISE AWARENESS OF ACHIEVEMENT AND OPPORTUNITY GAPS, SHINE A LIGHT ON COMMUNITY SOLUTIONS, AND BUILD SUPPORT TO ENSURE EACH AND EVERY CHILD HAS WHAT THEY NEED TO THRIVE IN SCHOOL, COMMUNITY, AND CARERS OF THE FUTURE.RAPID RESPONSE OUR RAPID RESPONSE FUND PROVIDES SHORT-TERM, TIME-SENSITIVE SUPPORT IN COMMUNITIES FACING A CRISIS THAT IMPACTS STUDENTS' ABILITY TO THRIVE. EVENT SPONSORSHIPS OUR EVENT SPONSORSHIPS PROVIDE FUNDING FOR COMMUNITY EVENTS, TRAININGS, CONFERENCES AND THE LIKE WITH A FOCUS ON THE SIX NEW ENGLAND STATES OR ARE OF NATIONAL SIGNIFICANCE THAT ADVANCE OUR MISSION, VISION AND VALUES: ELEVATING COMMUNITY-ROOTED SOLUTIONS AND INNOVATION.

  Expenses $25,558,135 · Grants $21,134,532

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

Listed in Part VII

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

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 BRIDGESPAN GROUP

  $2,995,000

  CAPACITY BUILDING ACCELERATOR PROVIDER

• FSG INC

  $1,323,915

  SYSTEMS TRANSFORMATION: BRIDGE STRATEGY

• BROWN UNIVERSITY

  $850,000

  EDUCATION RESEARCH INFRASTRUCTURE INITIATIVE: NEW KNOWLEDGE, INNOVATIONS, AND TRAINING IN NEW ENGLAND

• FUND FOR THE CITY OF NEW YORK

  $600,000

  LAUNCH OF THE CENTER FOR YOUTH AND THE FUTURE OF WORK AND A NATIONAL STUDY

• ROGER WILLIAMS UNIVERSITY

  $500,000

  RI MOVEMENT BUILDING

• NEW VENTURE FUND

  $500,000

  OPERATING SUPPORT - COMMUNITIES FOR JUST SCHOOLS FUND

• NATIONAL NETWORK OF STATE TEACHERS OF THE YEAR INC

  $460,000

  EMPOWERED EDUCATOR VOICES FELLOWS

• THE BRIDGESPAN GROUP

  $455,000

  CONVENING CAPACITY BUILDING ACCELERATOR PARTICIPANTS

• FOUNDATION FOR LOUISIANA

  $300,000

  SPONSORING EXECUTIVE LEADERSHIP EXPERIENCES FOR BIPOC LEADERS

• NEW VENTURE FUND

  $300,000

  LEADING NOW - SUPERINTENDENT SUPPORT TO BUILD PUBLIC ENGAGEMENT SKILLS

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

Provenance

Return type

form_990

Tax year

2024

Filed

14 November 2025

IRS schema version

2024v5.2

Source object

202523189349311862

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

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