NELLIE MAE EDUCATION FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

NELLIE MAE EDUCATION FOUNDATION INC

EIN 04-2755323 · Education (B120)

What they do

THE MISSION of THE FOUNDATION is to CHAMPION EFFORTS THAT PRIORITIZE COMMUNITY GOALS THAT CHALLENGE INEQUITIES and ADVANCE EXCELLENT, STUDENT-CENTERED PUBLIC EDUCATION for ALL NEW ENGLAND YOUTH. THE FOUNDATION is ORGANIZED and OPERATED AS A MASSACHUSETTS NOT-FOR-PROFIT CORPORATION to SUPPORT EDUCATIONAL ORGANIZATIONS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $85.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders24 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

62.41%of revenue went to mission work85.2% of expenses · Program services

$73.25spent for every $100 of revenueRevenue covered expenses this year.

10.83%of revenue went to management and office costs14.8% of expenses

$18.10in assets for every $1 spent this yearSome assets cannot be spent right away.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $686,322 for DR GISELE SHORTER (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$40,949,471

Mission workProgram services$25,558,13562.41% of revenue85.2% of expenses

ManagementOffice and general costs$4,435,97010.83% of revenue14.8% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$10,955,36626.75% of revenueShown in gray on the chart

Total expenses$29,994,10573.25% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 85.2% mission · 14.8% management · 0.0% fundraisingTotal expenses: 73.25% of revenue

2023Expense mix: 81.2% mission · 18.8% management · 0.0% fundraisingTotal expenses: 107.82% of revenue

2022Expense mix: 83.5% mission · 16.5% management · 0.0% fundraisingTotal expenses: 113.24% of revenue

2021Expense mix: 79.2% mission · 20.8% management · 0.0% fundraisingTotal expenses: 24.62% of revenue

2020Expense mix: 89.2% mission · 10.8% management · 0.0% fundraisingTotal expenses: 150.53% of revenue

Money in and money out

Revenue$40,949,471

Expenses$29,994,105

Annual surplus $10,955,366 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$25,558,135 · 85.2% of expenses

Management and office costs$4,435,970 · 14.8% of expenses

See all reported dollar amounts

Revenue$40,949,471

Expenses$29,994,105

Assets$543,039,688

Income$246,685,691

Mission work (program services)$25,558,135

Grants given$104,810,908

Average grant$81,692

Management and general$4,435,970

Executive compensation (total)$1,755,949

Stocks and bonds$199,561,421

Accounting fees$124,447

Investing fees$1,325,845

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DR GISELE SHORTERPRESIDENT & CEO · 60 hrs/week $686,322Base $513,803 · Other $172,519

MICHAEL CAREYVP OF FINANCE (UNTIL JUNE 2024) · 40 hrs/week $347,663Base $347,146 · Other $517

JESSICA SPOHNDIR. OF GRANTMAKING (UNTIL 1/19/24) · 40 hrs/week $279,098Base $269,031 · Other $10,067

MARCOS POPOVICHPROGRAM DIRECTOR, GRANTMAKING · 40 hrs/week $242,718Base $182,378 · Other $60,340

PAUL MARSHIT MANAGER · 40 hrs/week $207,009Base $171,507 · Other $35,502

STEPHANIE CHENEYSR MANAGER, GRANTS & PROGRAMS · 40 hrs/week $200,765Base $147,567 · Other $53,198

ERIN BROUILLETTECHIEF FINANCIAL OFFICER · 40 hrs/week $164,199Base $135,245 · Other $28,954

ALEXIS HAREWOODSENIOR PROGRAM OFFICER · 40 hrs/week $158,098Base $129,176 · Other $28,922

WARREN SIMMONSDIRECTOR · 2 hrs/week $39,000

JOHN REMONDIDIRECTOR · 2 hrs/week $27,000

ELSA NUNEZDIRECTOR · 2 hrs/week $27,000

JOHN JACKSONDIRECTOR · 2 hrs/week $24,000

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (24)

DR GISELE SHORTERPRESIDENT & CEO

MICHAEL CAREYVP OF FINANCE (UNTIL JUNE 2024)

JESSICA SPOHNDIR. OF GRANTMAKING (UNTIL 1/19/24)

MARCOS POPOVICHPROGRAM DIRECTOR, GRANTMAKING

PAUL MARSHIT MANAGER

STEPHANIE CHENEYSR MANAGER, GRANTS & PROGRAMS

ERIN BROUILLETTECHIEF FINANCIAL OFFICER

ALEXIS HAREWOODSENIOR PROGRAM OFFICER

WARREN SIMMONSDIRECTOR

JOHN REMONDIDIRECTOR

ELSA NUNEZDIRECTOR

JOHN JACKSONDIRECTOR

ELIZABETH HILPMANDIRECTOR

DEBORAH JEWELL-SHERMANDIRECTOR

DANIA VAZQUEZDIRECTOR

PRABAL CHAKRABARTIDIRECTOR

COLLEEN QUINTDIRECTOR

BETTY FRANCISCODIRECTOR

MAKEEBA MCCREARYDIRECTOR

DEBRA HUMPHREYSDIRECTOR

MISHONE DONELSONDIRECTOR

PRUDENCE CARTERDIRECTOR

NICHOLAS WARRENDIRECTOR

PAMELA WHITECLERK

About this charity

Recognized since: January 1988
Location: 1250 HANCOCK STREET 701N, QUINCY, MA 02169
County: Norfolk
In care of: DR GISELE SHORTER
Primary officer: DR GISELE SHORTER, PRESIDENT & CEO

How to reach them

WebsiteVisit the charity’s website Phone(781) 348-4200

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: CBIZ ADVISORS LLC
NTEE classification: Education (B120)
IRS tax category: Civic and Social Organizations
Grant-giving organization: Yes