Medgar Evers Educational Foundation INC FY2024 filing

Tax-deductible

Brooklyn, NY501(c)(3)EIN 11-2561640Revenue $675K in FY2024

On file with the IRSmec.cuny.edu1650 Bedford Ave, 11225-2010 · Brooklyn, NYTax-exempt since May 1981Publicly supported charity — 170(b)(1)(A)(vi)

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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.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
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
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $189K a year · 26% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
52 mo
of spending, in cash
Looks good: 51.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $14K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$202K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$675K
-35% vs prior year
Spent
$453K
To programs
96%
Net assets
$2.7M
By yearFY2020–FY2025
Revenue
$675K
FY2024▼ -35%
Tap a bar for its year
Revenue by fiscal year
FY2020$491K
FY2021$529K
FY2022$457K
FY2023$1.0M
FY2024$675K
FY2025$1.1M
Expenses
$453K
FY2024▼ -44%
Tap a bar for its year
Expenses by fiscal year
FY2020$536K
FY2021$351K
FY2022$254K
FY2023$810K
FY2024$453K
FY2025$779K
Net assets
$2.7M
FY2024▲ +10%
Tap a bar for its year
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1981.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $436K Management & general 4% · $17K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
See Medgar Evers Educational Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

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

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Provided by the organization

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2 programs · $436K · in their own filed words · FY2023
01

Support the progress and development of medgar evers college.

$262Kprogram expense
02

Grants and scholarships are made to benefit undergraduate students at medgar evers college to aid in the pursuit of studies.

$173Kprogram expense

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
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
Unitemized GrantFY2023$33,467
Unitemized GrantFY2022$309,037
Unitemized GrantFY2021$38,810
Unitemized GrantFY2020$165,214
Unitemized GrantFY2019$137,279

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$675K
Ln 12
Gifts and grantsLn 1h$650K
Investment incomeLn 3$25K
Money outPt IX
$453K
Ln 25
Programscol B$436K
Managementcol C$17K
Owns and owesPt X
$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$2.9M
LiabilitiesLn 26$202K
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$650K
Investment incomeLn 3$25K
Gains on assetsLn 7$12K
Total revenueLn 12$675K
Assets in detailPt X, end of year
CashLn 1$2.0M
Cash and savings togetherLn 1–2$2.0M
InvestmentsLn 11–13$983K
Total assetsLn 16$2.9M
LiabilitiesLn 26$202K
Net assetsLn 32$2.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.8M$2.0M
InvestmentsLn 11–13$682K$983K
Total assetsLn 16$2.5M$2.9M
LiabilitiesLn 26$40K$202K
Net assetsLn 32$2.5M$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$88K$88K
Grants to domestic individualsLn 2$207K$207K
Accounting feesLn 11c$17K$17K
Other fees for servicesLn 11g$18K$18K
Office expensesLn 13$7K$7K
Other expenses (24a–d)Ln 24$115K$115K
Total functional expensesLn 25$453K$436K$17K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.1M$779K$354K$3.1M 990 PDF
FY2024 Viewing $675K$453K$222K$2.7M 990 PDF
FY2023 $1.0M$810K$225K$2.5M 990 PDF
FY2022 $457K$254K$203K$2.2M 990 PDF
FY2021 $529K$351K$177K$2.1M 990 PDF
FY2020 $491K$536K−$45K$1.8M 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
See the full FY2024 990 (6 parts)
Part I · Summary $675,137 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,015,166$649,687
I-9 Program service revenue$0
I-10 Investment incomePrior year $19,147$25,450
I-11 Other revenue$0
I-12 Total revenuePrior year $1,034,313$675,137
I-13 Grants and similar amounts paidPrior year $384,037$295,374
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $425,671$157,509
I-18 Total expensesPrior year $809,708$452,883
I-19 Revenue less expensesPrior year $224,605$222,254
Part VI · Governance 1 to look at
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $675,137 across 5 lines filed
VIII-1f All other contributions, gifts and grants$649,687
VIII-1h Total contributions, gifts and grants$649,687
VIII-3 Investment incomeExcluded from tax $12,996$12,996
VIII-7 Net gain or loss on sales of assetsExcluded from tax $12,454$12,454
VIII-12 Total revenueExcluded from tax $25,450$675,137
Part IX · Statement of functional expenses $452,883 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $88,470$88,470
IX-2 Grants to domestic individualsPrograms $206,904$206,904
IX-11c Accounting feesManagement $17,112$17,112
IX-11g Other fees for servicesPrograms $18,310$18,310
IX-13 Office expensesPrograms $6,734$6,734
IX-24 Other expenses (24a–d)Programs $115,353$115,353
IX-25 Total functional expensesPrograms $435,771 · Management $17,112 · Fundraising $0$452,883
Part X · Balance sheet $2,937,812 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $1,836,018$1,954,047
X-9 Prepaid expenses and deferred charges$1,063
X-12 Other securitiesStart of year $681,819$982,702
X-16 Total assetsStart of year $2,517,837$2,937,812
X-17 Accounts payable and accrued expensesStart of year $39,684$201,971
X-26 Total liabilitiesStart of year $39,684$201,971
X-27 Net assets without donor restrictionsStart of year $1,513$71,920
X-28 Net assets with donor restrictionsStart of year $2,476,640$2,663,921
X-32 Total net assets or fund balancesStart of year $2,478,153$2,735,841
X-33 Total liabilities and net assetsStart of year $2,517,837$2,937,812
Part XI · Reconciliation of net assets $2,735,841 net assets at year end
XI-1 Total revenue$675,137
XI-2 Total expenses$452,883
XI-3 Revenue less expenses$222,254
XI-4 Net assets at start of year$2,478,153
XI-5 Net unrealized gains (losses) on investments$35,434
XI-10 Net assets at end of year$2,735,841

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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