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Medgar Evers Educational Foundation INC FY2021 filing

Tax-deductible

Brooklyn, NY501(c)(3)EIN 11-2561640

The foundation's sole purpose is to provide support to the college, and to provide more extensive educational opportunities and services by making and encouraging gifts, grants, contributions, and donations of real and personal property to or for the benefit of medgar evers college.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
5 of 6
years in the black
Worth a look: 1 of the last 6 filings shows a deficit.
Pt I · Ln 19 · 6 filings
How much reaches the programs?
97%
of spending
Looks good: 97% of spending went to programs; 75% or more looks good.
Pt IX · Ln 25 · col B
Do they have reserves?
50 mo
of spending, in cash
Looks good: 50.3 months of spending in cash; 3 or more looks good.
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $14K
Worth a look: 1 funder names it on their filings; under 3 is worth a look.
Funders’ Sch. I, 990-PF
Do they carry debt?
$35K
liabilities
Looks good: debts are 2% of assets; 50% or less looks good.
Pt X · Ln 26
Who oversees it?
8
independent of 12 voting board members
Looks good: 8 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$529K
+8% vs prior year
Spent
$351K
To programs
97%
Net assets
$2.1M
By yearFY2020–FY2025
Revenue
$529K
FY2021▲ +8%
Revenue by fiscal year
FY2020$491K
FY2021$529K
FY2022$457K
FY2023$1.0M
FY2024$675K
FY2025$1.1M
Expenses
$351K
FY2021▼ -34%
Expenses by fiscal year
FY2020$536K
FY2021$351K
FY2022$254K
FY2023$810K
FY2024$453K
FY2025$779K
Net assets
$2.1M
FY2021▲ +14%
Net assets by fiscal year
FY2020$1.8M
FY2021$2.1M
FY2022$2.2M
FY2023$2.5M
FY2024$2.7M
FY2025$3.1M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2025 (typical filing lag)
Legal name (IRS)Hdr · item CMedgar Evers Educational Foundation INC
EINHdr · item D11-2561640
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMay 1981
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CBrooklyn, NY
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.mec.cuny.edu

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$341K
Management & general3%$10K
Total functional expensesLn 25$351K

Financial health

Is it on solid ground?

Program efficiency
97%
of spending reaches programs
Operating runway
72.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+34%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$2.1M
FY2021▲ +14%
Total assets by fiscal year
FY2020$1.9M
FY2021$2.1M
FY2022$2.2M
FY2023$2.5M
FY2024$2.9M
FY2025$3.2M
Total liabilities
$35K
FY2021▼ -2%
Total liabilities by fiscal year
FY2020$36K
FY2021$35K
FY2022$11K
FY2023$40K
FY2024$202K
FY2025$37K
Revenue less expensesPt I · Ln 19$177K
Total assetsPt X · Ln 16$2.1M
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 48

Balance Sheet

Part X · end of year
CashLn 1$1.5M
Total assetsLn 16$2.1M
Total liabilitiesLn 26$35K
Total net assetsLn 32$2.1M
Months of cash on handcomputed50.3

Statement of Revenue

Part VIII
Contributions & grants$514K · 97%
Investment income$14K · 3%
Contributions & grants97%$514K
Investment income3%$14K
Total revenueLn 12$529K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.1M · Operating expenses/yr $351K
72.5 months
Where the money goes
Program services
Program services $341K · Total expenses $351K
97%
Management & General
Management & general $10K · Total expenses $351K
3%
Fundraising
Fundraising $0 · Total expenses $351K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $494K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $514K · Total revenue $529K
97%
Government reliance
Government grants — · Total revenue $529K
—
Earned-income share
Program service revenue $0 · Total revenue $529K
0%
Investment reliance
Investment income $14K · Total revenue $529K
+3%
Program self-sufficiency
Program service revenue $0 · Total expenses $351K
0%
Growth & trend
Revenue growth (YoY)
This year $529K · Prior year $491K
+8%
Net-asset trend (YoY)
End of year $2.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $529K · Expenses $351K
+34%
Liabilities-to-Assets
Total liabilities — · Total assets $2.1M
—
Net-asset ratio
Net assets $2.1M · Total assets $2.1M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $647K · Total assets (Pt X, ln 16) $2.1M
31%
People & payroll
Highest Reported Total Compensation
Individual Michael Beal · Reported title CHAIRPERSON · Highest reported compensation $0 · Total expenses $351K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $351K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 97%——
Overhead ratio 3%——
Fundraising cost ratio 0%——
Revenue growth 8%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Michael Beal
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Medgar Evers Educational Foundation INC executive salaries →

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Governance & Policies

Part VI
  • 12Voting board membersPt VI · Ln 1a
  • 8Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Supports the college by encouraging and providing gifts, grants, and donations for educational opportunities.

Provided by the organization

This section is blank until Medgar Evers Educational Foundation INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $341K of program spending, described in the organization's own filed words · FY2020.
01

Progress and development of medgar evers college.

$341Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
CEO Roundtable on Cancer INCFY2025$14K
Total grants receivedfrom 1 funder$14K
Grants paid · 10 grants · $1.3M · 2019–2024
Unitemized GrantFY2024$282,197
Unitemized GrantFY2024$44,670
Unitemized GrantFY2023$173,437
Research Foundation of the City University of New YorkNY · FY2023$88,470
Unitemized GrantFY2023$33,467
Unitemized GrantFY2022$309,037
Research Foundation of the City University of New YorkNY · FY2022$75,000
Unitemized GrantFY2021$38,810
Unitemized GrantFY2020$165,214
Unitemized GrantFY2019$137,279

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $1.1M$779K+68% 990 PDF
FY2024 $675K$453K-35% 990 PDF
FY2023 $1.0M$810K+126% 990 PDF
FY2022 $457K$254K-14% 990 PDF
FY2021 Viewing $529K$351K+8% 990 PDF
FY2020 $491K$536K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Full filing: Form 990 for FY2021

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $351,327 across 8 lines filed
IX-2 Grants to domestic individualsPrograms $165,214$165,214
IX-11g Other fees for servicesPrograms $9,854 · Management $10,500$20,354
IX-13 Office expensesPrograms $201$201
IX-14 Information technologyPrograms $10,343$10,343
IX-17 TravelPrograms $1,668$1,668
IX-19 Conferences, conventions and meetingsPrograms $705$705
IX-24 Other expenses (24a–d)Programs $146,535$146,535
IX-24e All other expensesPrograms $6,307$6,307
IX-25 Total functional expensesPrograms $340,827 · Management $10,500 · Fundraising $0$351,327

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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