Fund for Educational Excellence
Fund for Educational Excellence reported $30.7 million in revenue and $27.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $88.98 went to program services, $7.92 to management and general costs and $3.10 to fundraising. Its largest source of revenue was contributions and grants: 88.9% of the total. Government grants made up 5.8%. The highest compensation it reported for one person was $320,998 (President & CEO). 8 people received more than $100,000 in reportable compensation. Revenue rose 68% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $28MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $31MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 89.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 7.9% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.1% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.03 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 88.9% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 5.8% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 7.9% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $320,998 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.15% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 8 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 13.3 | 13.3 |
| Independent voting board members Part VI 1a–1b | 17 of 18 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseFISCAL SPONSORSHIP - The Fund provides high-level financial and grant management expertise to a range of mission-aligned local regional nonprofit organizations and community programs. As a fiscal sponsor, we support our clients financial and human resource operations, including detailed budget management and financial reporting services, allowing organizations to focus on their programmatic goals which often include developing innovative educational reforms and expanding student access to high-quality education
DISTRICT FUNDRAISING - The Fund works closely with Baltimore City Public Schools to raise and secure external investment that supports the districts highest priority needs. As a trusted partner, we help identify those needs, target potential funding sources, and provide fiscal management for those philanthropic investments. We are currently managing grant funding raised on behalf of the school district from both local and national funders
ACCELERATE SOLUTIONS - With community input, The Fund identifies challenges, researches and develops recommendations, and pushes for innovative solutions to improve Baltimore City Public Schools policies, processes, and programs. We regularly publish reports that combine strong analytics with community input to address some of the most pressing problems facing our students, we provide on-demand workshops to help students and families navigate the districts school choice process for middle and high school, we partner with Baltimore City Public Schools Office of Early Learning and local…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| President & CEO Director/trustee, officer, 40.00 hrs/week | $298,010 | $0 | $22,988 | $320,998 |
| CEO, BALT PROMISE Listed in Part VII, 40.00 hrs/week | $222,664 | $0 | $20,211 | $242,875 |
| CFO Officer, 40.00 hrs/week | $228,721 | $0 | $9,996 | $238,717 |
| DEP CEO - BP Listed in Part VII, 40.00 hrs/week | $178,318 | $0 | $16,053 | $194,371 |
| SR. PRGM DIR Listed in Part VII, 40.00 hrs/week | $161,599 | $0 | $18,985 | $180,584 |
| EX DIR - MIDDL GRD Listed in Part VII, 40.00 hrs/week | $150,490 | $0 | $23,478 | $173,968 |
| SR PRGM DIR Listed in Part VII, 40.00 hrs/week | $163,946 | $0 | $8,556 | $172,502 |
| SR PRGM DIR. Listed in Part VII, 40.00 hrs/week | $138,586 | $0 | $25,909 | $164,495 |
8 people received more than $100,000 in reportable compensation from Fund for Educational Excellence (Part VII, line 2). Compensation of current officers, directors and key employees totaled $786K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b18 · 17 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5134
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| SYSTEMS DESIGN LAB LLC Consulting | $535,566 |
| TORRAIN ADVISORY LLC Consulting | $170,000 |
| THE RITTER GROUP LLC Consulting | $140,750 |
| COMMUNITY CAPACITY BUILDERS Consulting | $131,425 |
| GILMORE KHANDHAR LLC Consulting | $120,000 |
Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.
Private foundation grants it received
42 private foundations reported grants to Fund for Educational Excellence totaling $14M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Fund for Educational Excellence's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Fund for Educational Excellence, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Fund for Educational Excellence spent in FY2025, $88.98 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- KIPP Team and Family SchoolsNewark, NJ · revenue $31M · programs 92.0% · FY2025
- The McLean School of MarylandPotomac, MD · revenue $31M · programs 78.7% · FY2025
- Wake Preparatory AcademyWake Forest, NC · revenue $31M · programs 61.4% · FY2025
- The Field SchoolWashington, DC · revenue $31M · programs 84.0% · FY2025
- St Bernard's SchoolNew York, NY · revenue $31M · programs 76.8% · FY2025
Questions people ask
How much of Fund for Educational Excellence's spending goes to programs?
In the fiscal year ending June 30, 2025, Fund for Educational Excellence reported that 89.0% of its $27.9 million in expenses went to program services, 7.9% to management and general and 3.1% to fundraising (Form 990, Part IX).
How much does Fund for Educational Excellence pay its top executive?
The largest total compensation Fund for Educational Excellence reported for one person in the fiscal year ending June 30, 2025 was $320,998, for the role of President & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Fund for Educational Excellence get its money?
Of $30.7 million in revenue in the fiscal year ending June 30, 2025, 88.9% came from contributions and grants (including 5.8% from government grants) and 7.9% from program service revenue (Form 990, Part VIII).
Is Fund for Educational Excellence a registered charity?
The IRS lists EIN 52-1129402 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025 (amended), object 202630659349301203 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202530919349300418 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411369349302301 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341359349307919 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231269349302333 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202140679349300539 · read the filing
All filings for EIN 52-1129402: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.