The Foundation For Educational Advancement
The Foundation For Educational Advancement maintains stable assets and reports no officer compensation, despite fluctuating annual revenues and expenses.
EIN: 200307479 · Brighton, MI · NTEE: B80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $182K |
| Total Expenses | $172K |
| Program Spending | 80% |
| Net Assets | $165K |
| Transparency Score | 85/100 |
Is The Foundation For Educational Advancement Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Foundation For Educational Advancement directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Foundation For Educational Advancement
The Foundation For Educational Advancement (EIN: 200307479) is a nonprofit organization based in Brighton, MI, classified under NTEE code B80. The organization reported total revenue of $182K and total assets of $288K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Foundation For Educational Advancement's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Foundation For Educational Advancement is a small nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2012–2024).
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $151K |
| Total Expenses | $172K |
| Surplus / Deficit | $-20,556 |
| Total Assets | $165K |
| Total Liabilities | $1 |
| Net Assets | $165K |
| Operating Margin | -13.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 11.5 months |
Financial Health Grade: B
In 2024, The Foundation For Educational Advancement reported a deficit of $21K with expenses exceeding revenue, holds 11.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -37.5% | -26.6% | -11.1% |
| 2023 | +7.3% | +222.6% | +4.3% |
| 2022 | +997.8% | +242.6% | +295.5% |
| 2021 | -92.6% | -92.0% | -1.4% |
| 2020 | +4818.8% | +2723.0% | +332.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Foundation For Educational Advancement with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, The Foundation For Educational Advancement allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $21K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly favorable for donor confidence and mission-focused spending.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of The Foundation For Educational Advancement's IRS 990 filings:
- Inconsistent expense-to-revenue ratios across years, such as expenses significantly lower than revenue in 2022 ($72,464 vs $225,050) and higher than revenue in 2024 ($171,556 vs $151,000), which could indicate unpredictable operational budgeting or significant program shifts.
- Lack of detailed expense breakdown in the provided data makes it difficult to fully assess spending efficiency beyond officer compensation.
Strengths
The following positive indicators were identified for The Foundation For Educational Advancement:
- Consistent reporting of 0% officer compensation, indicating high efficiency in allocating funds away from executive salaries.
- Significant growth in assets from $3,270 in 2012 to $288,039 currently, demonstrating financial stability and increasing capacity.
- Low liabilities reported across most periods, often $1 or $0, suggesting sound financial management and minimal debt.
Frequently Asked Questions about The Foundation For Educational Advancement
Is The Foundation For Educational Advancement a legitimate charity?
Based on AI analysis of IRS 990 filings, The Foundation For Educational Advancement (EIN: 200307479) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does The Foundation For Educational Advancement spend its money?
The Foundation For Educational Advancement directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Foundation For Educational Advancement tax-deductible?
The Foundation For Educational Advancement is registered as a tax-exempt nonprofit (EIN: 200307479). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Foundation For Educational Advancement's spending goes to programs?
The Foundation For Educational Advancement directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Foundation For Educational Advancement compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Foundation For Educational Advancement is above average for NTEE category B80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Foundation For Educational Advancement located?
The Foundation For Educational Advancement is headquartered in Brighton, Michigan and files with the IRS under EIN 200307479. It is classified under NTEE code B80.
How many years of IRS 990 filings does The Foundation For Educational Advancement have?
The Foundation For Educational Advancement has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $182K in total revenue.
Is The Foundation For Educational Advancement a good charity?
Based on the available data, the organization appears to be a good charity, primarily due to its consistent reporting of 0% officer compensation and significant asset growth, suggesting financial stability and a strong commitment to its mission without high administrative overhead from executive salaries.
How has the organization's financial health changed over time?
The organization's financial health has improved significantly, with assets growing from $3,270 in 2012 to $288,039 currently. While revenue and expenses have fluctuated, the overall trend shows growth and increased capacity.
What is the trend in revenue and expenses?
Revenue and expenses have shown considerable fluctuation over the years. For example, revenue jumped from $20,500 in 2021 to $225,050 in 2022, and expenses varied from $72,464 in 2022 to $233,802 in 2023. The latest period (2024) shows expenses ($171,556) exceeding revenue ($151,000).
Filing History
IRS 990 filing history for The Foundation For Educational Advancement showing financial trends over 10 years of public records:
Total assets increased by 4933.5% over the same period, from $3K to $165K. Total functional expenses rose by 65883.1%, from $260 to $172K. In its most recent filing year (2024), The Foundation For Educational Advancement reported a deficit of $21K, with expenses exceeding revenue. The organization holds $1 in liabilities against $165K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $165K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $151K | $172K | $165K | $1 | — | — |
| 2023 | $242K | $234K | $185K | $1 | — | View 990 |
| 2022 | $225K | $72K | $177K | $1 | — | View 990 |
| 2021 | $21K | $21K | $45K | $20K | — | View 990 |
| 2020 | $276K | $264K | $46K | $20K | — | View 990 |
| 2016 | $6K | $9K | $11K | $0 | — | View 990 |
| 2015 | $76K | $64K | $14K | $0 | — | View 990 |
| 2014 | $22K | $34K | $2K | $0 | — | View 990 |
| 2013 | $25K | $15K | $13K | $0 | — | View 990 |
| 2012 | $0 | $260 | $3K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $151K, expenses of $172K, and assets of $165K (revenue -37.5% year-over-year).
- 2023: Revenue of $242K, expenses of $234K, and assets of $185K (revenue +7.3% year-over-year).
- 2022: Revenue of $225K, expenses of $72K, and assets of $177K (revenue +997.8% year-over-year).
- 2021: Revenue of $21K, expenses of $21K, and assets of $45K (revenue -92.6% year-over-year).
- 2020: Revenue of $276K, expenses of $264K, and assets of $46K (revenue +4818.8% year-over-year).
- 2016: Revenue of $6K, expenses of $9K, and assets of $11K (revenue -92.7% year-over-year).
- 2015: Revenue of $76K, expenses of $64K, and assets of $14K (revenue +245.3% year-over-year).
- 2014: Revenue of $22K, expenses of $34K, and assets of $2K (revenue -11.6% year-over-year).
- 2013: Revenue of $25K, expenses of $15K, and assets of $13K.
- 2012: Revenue of $0, expenses of $260, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Foundation For Educational Advancement:
Data Sources and Methodology
This transparency report for The Foundation For Educational Advancement is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.