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Kaplan Educational Foundation EIN 20-0495155

Kaplan Educational Foundation FY2022 filing

EIN  20-0495155 Public foundation / grantmaker New York, NY Founded 2003
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Helps college students with demonstrated need through academic and financial support.
Leadership
Nancy Lee Sanchez · Executive Director · $152K
Money in and out
$562K revenue, $891K expenses
Bottom line
63% program efficiency

Helps college students with demonstrated need through academic and financial support. For fiscal year 2022 it reported $562K in revenue, $891K in expenses, and $4.6M in net assets.Pt I

Grants paid & assets · FY2022
Total revenue
$562K
Pt VIII · Ln 12
Total expenses
$891K
Pt IX · Ln 25
Net assets
$4.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$330K
Where spending went · Part IX cols B–D
Program services $0.63 Management & general $0.19 Fundraising $0.18
Program efficiency
63%
of spending reaches programs
Operating runway
64.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-59%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$562K
FY2022▲ +13%
Expenses
$891K
FY2022▲ +30%
Total assets
$4.8M
FY2022▼ -17%
Total liabilities
$204K
FY2022▲ ×11
Total revenue
$562K
Pt VIII · Ln 12
Total expenses
$891K
Pt IX · Ln 25
Net assets
$4.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$330K
Total assetsPt X · Ln 16$4.8M
Program-expense ratioPt IX · col B63%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $559K of program spending, described in the organization's own filed words · FY2021.
01

To eliminate barriers to higher education for overlooked and under-served students and develop them as world leaders and advocates for their communities by providing a comprehensive array of financial and academic support, transfer admissions, advising and leadership skills development.

$559Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKaplan Educational Foundation
EINHdr · item D20-0495155
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.kaplanedfoundation.org
Year of formationHdr · item L2003
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFJun 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Nancy Lee Sanchez
Executive Director
$152,137Pt VII · Sec A
$0Pt VII · Sec A
Harold Elish
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Melissa Mack
Chairman, Director
$0Pt VII · Sec A
Yael Aufgang
Director, Secretary
$0Pt VII · Sec A

Nolvia Delgado’s $135K as Executive Director is at the 94th percentile of top reported officer pay among 1263 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Nancy Lee Sanchez———$152,137$152,137$137,053
Nolvia Delgado$134,977$134,977$110,154———
Jon Chavez$106,218$106,218————
Nancy L Sanchez-Badillo——$84,321———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$313K · 56%
Investment income$248K · 44%
Contributions & grants56%$313K
Investment income44%$248K
Total revenueLn 12$562K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.63 Management & general $0.19 Fundraising $0.18
Program services63%$559K
Management & general19%$171K
Fundraising18%$161K
Total functional expensesLn 25$891K

Balance Sheet

Part X · end of year
CashLn 1$146K
Total assetsLn 16$4.8M
Total liabilitiesLn 26$204K
Total net assetsLn 32$4.6M
Months of cash on handcomputed2.0

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4.7M · Operating expenses (Pt IX) $891K · Less non-cash grants $6K · Cash operating expenses/yr $885K
64.2 months
Where the money goes
Program services
Program services $559K · Total expenses $891K
63%
Management & General
Management & general $171K · Total expenses $891K
19%
Fundraising
Fundraising $161K · Total expenses $891K
18%
Cost to raise $1
Fundraising expense (3-yr avg) $99K · Solicited contributions (3-yr avg) $320K
$0.31 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $313K · Total revenue $562K
56%
Government reliance
Government grants — · Total revenue $562K
—
Earned-income share
Program service revenue $0 · Total revenue $562K
0%
Investment reliance
Investment income $248K · Total revenue $562K
+44%
Program self-sufficiency
Program service revenue $0 · Total expenses $891K
0%
Growth & trend
Revenue growth (YoY)
This year $562K · Prior year $496K
+13%
Net-asset trend (YoY)
End of year $4.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $562K · Expenses $891K
-59%
Liabilities-to-Assets
Total liabilities — · Total assets $4.8M
—
Net-asset ratio
Net assets $4.6M · Total assets $4.8M
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $4.6M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $4.8M
96%
People & payroll
Highest Reported Total Compensation
Individual Nancy Lee Sanchez · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $152K · Total expenses $891K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $582K · Total expenses $891K
65%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 63%——
Overhead ratio 19%——
Fundraising cost ratio 51%——
Revenue growth 13%——
Legal fee ratio 0.02%——
Accounting fee ratio 2%——
Fundraising fee ratio 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.

Grants

Schedule I · received and paid
Grants received · FY2024
The Carroll and Milton Petrie Foundation INCFY2024$25K
Donor Advised Charitable Giving INCFY2024$11K
Fidelity Investments Charitable Gift FundFY2024$10K
Total grants receivedfrom 3 funders$46K
See all 3 funders →
Grants paid · 6 grants · $394K · 2019–2024
Unitemized GrantFY2024$35,670
Unitemized GrantFY2023$31,797
Unitemized GrantFY2022$26,861
Unitemized GrantFY2021$64,608
Unitemized GrantFY2020$122,254
Unitemized GrantFY2019$112,708

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$1.1M revenue · ⤓ 990 PDF
FY2023$755K revenue · ⤓ 990 PDF
FY2022$562K revenue · viewing · ⤓ 990 PDF
FY2021$496K revenue · ⤓ 990 PDF
FY2020$335K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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