2015-09-15T15:45:04-05:00 2014-12-31 954749365 STANISLAWSKI & HARRISON CPAS 301 N LAKE AVE SUITE 900 PASADENA CA 91101 990 2014-01-01 954695698 INSTITUTE FOR EDUCATIONAL ADVANCEMENT INST 6264038900 569 SOUTH MARENGO AVENUE PASADENA CA 91101 ELIZABETH D JONES PRESIDENT 6264038900 2015-09-14 1 ALAN HARRISON P00157337 6267933600 2015-09-14 2014 2016-04-25 22:37:26Z ELIZABETH D JONES 569 SOUTH MARENGO AVENUE PASADENA CA 91101 3225805 0 X WWW.EDUCATIONALADVANCEMENT.ORG/ X 1998 CA DEDICATED TO SUPPORTING YOUNG INDIVIDUALS IN PURSUING THEIR FULL ACADEMIC AND PERSONAL POTENTIAL. 10 9 20 30 0 0 4424357 2776600 287076 436464 579 620 12097 4646 4724109 3218330 1271313 1964280 0 0 731829 776480 0 0 127385 641240 749927 2644382 3490687 2079727 -272357 8038026 7763438 129596 127416 7908430 7636022 X THE INSTITUTE FOR EDUCATIONAL ADVANCEMENT (IEA) IS DEDICATED TO HELPING OUR NATION'S MOST TALENTED YOUNG PEOPLE IN DEVELOPING THEIR FULLEST POTENTIAL BY FOCUSING ON CREATING PROGRAMS AND PROVIDING LEADERSHIP FOR EDUCATIONAL PRACTICES AND POLICIES THAT ARE STUDENT-CENTERED AND WHICH PROMOTE ACADEMIC RIGOR, EXCELLENCE IN THE ARTS, HIGH STANDARDS AND EDUCATIONAL INNOVATIONS. 0 0 2232052 1863331 THE CAROLINE D. BRADLEY (CDB) SCHOLARSHIP IS A HIGHLY SELECTIVE SCHOLARSHIP OPPORTUNITY THAT IDENTIFIES EXCEPTIONALLY GIFTED MIDDLE SCHOOL STUDENTS AND REWARDS THEM WITH A FOUR-YEAR SCHOLARSHIP TO A HIGH SCHOOL THAT BEST FITS THEIR INTELLECTUAL AND PERSONAL NEEDS. IN ADDITION, IEA OFFERS PERSONALIZED GUIDANCE DURING THE SCHOOL SEARCH PROCESS. IEA NAMED THIRTY NEW CAROLINE D. BRADLEY SCHOLARS, WHO WILL RECEIVE FOUR-YEAR, FULL-TUITION SCHOLARSHIPS TO THE HIGH SCHOOLS THAT BEST FIT THEIR PERSONAL AND ACADEMIC NEEDS. IN 2014, THERE WAS A TOTAL OF 54 SCHOLARSHIPS AWARDED TO STUDENTS. 176397 39800 102750 THE APPRENTICESHIP PROGRAM IS A NATIONALLY-OFFERED THREE-TO-FOUR WEEK RESIDENTIAL PROGRAM THAT PROVIDES EXCEPTIONALLY CAPABLE HIGH SCHOOL STUDENTS WITH FOCUSED, HANDS-ON STUDY AND INTERACTION WITH PREEMINENT SCIENTISTS, MATHEMATICIANS AND ARTISTS. QUALIFIED PARTICIPANTS TRAVEL TO THE MENTOR'S PLACE OF WORK OR STUDY TO PARTICIPATE IN COLLABORATIVE PROJECTS. STUDENTS RESIDE ON LOCAL COLLEGE AND UNIVERSITY CAMPUSES, AN EXPERIENCE THAT PROVIDES THEM WITH A VALUABLE OPPORTUNITY TO LIVE INDEPENDENTLY AND DEVELOP RELATIONSHIPS WITH INTELLECTUAL PEERS WITH SHARED INTERESTS. IEA HOSTED 29 APPRENTICES IN LOS ANGELES IN 2014. 234879 7250 151465 YUNASA INSTITUTE FOR THE GIFTED PROVIDES EXCEPTIONALLY CAPABLE MIDDLE SCHOOL STUDENTS WITH A WEEK-LONG RESIDENTIAL SUMMER EXPERIENCE. THE PROGRAM IS DESIGNED TO SERVE HIGHLY GIFTED YOUNGSTERS AGES 10 TO 14 WHO ARE ENGAGED IN A MIDDLE SCHOOL CURRICULUM. YUNASA TEACHES PARTICIPANTS TO BALANCE THEIR INTELLECTUAL GIFTS WITH THEIR EMOTIONAL, SOCIAL, SPIRITUAL AND PHYSICAL DEVELOPMENT THROUGH SELF REFLECTION AND PERSONAL APPLICATION. YUNASA ALSO OFFERS AN EMERGING LEADER PROGRAM FOR RETURNING CAMPERS AGES 15 AND 16 AND A COUNSELOR-IN-TRAINING EXPERIENCE FOR ITS 16 AND 17 YEAR OLD VETERANS. THIS YEAR, IEA SERVED 67 GIFTED YOUTH AGES 10-17 AT YUNASA IN MICHIGAN AND 39 GIFTED YOUTH AGES 10-17 AT YUNASA WEST IN COLORADO. 498236 53899 182249 ACADEMY PROGRAM: ACADEMY IS A YEAR-ROUND EDUCATIONAL ENRICHMENT PROGRAM THAT SERVES APPROXIMATELY 100 ELEMENTARY AND MIDDLE SCHOOL STUDENTS ANNUALLY. ACADEMY OFFERS HIGH-LEVEL MATH AND SCIENCE COURSES THAT CHALLENGE GIFTED STUDENTS BEYOND THEIR GRADE LEVEL.GIFTED RESOURCE CENTER: THIS RESOURCE PROVIDES A CUSTOMIZED STARTING POINT FOR STUDENTS, PARENTS AND EDUCATORS SEEKING EDUCATIONAL OPPORTUNITIES FOR GIFTED AND TALENTED STUDENTS. 498236 53899 182249 3141564 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 21 0 1 20 1 0 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X ELIZABETH JONES 6264038900 569 SOUTH MARENGO AVENUE PASADENA CA 91101 ELIZABETH D JONES PRESIDENT 40.00 X X 194662 0 19803 JAMES R DELISLE DIRECTOR 1.00 X 0 0 0 DONNA FORD DIRECTOR 1.00 X 0 0 0 SETH FREEMAN DIRECTOR 1.00 X 0 0 0 PEGGY FUNKHOUSER DIRECTOR 1.00 X 0 0 0 JEFFREY HUDSON DIRECTOR 1.00 X 0 0 0 KENNETH A MERCHANT DIRECTOR 1.00 X 0 0 0 CHRIS NEWMAN DIRECTOR 1.00 X 0 0 0 JONATHAN SHINTAKU DIRECTOR 1.00 X 0 0 0 HAP DENEEN DIRECTOR 1.00 X 0 0 0 DAN GOGGINS DIRECTOR 1.00 X 0 0 0 Z ROSE IBANEZ SECRETARY 40.00 X X 71216 0 8497 265878 0 28300 1 0 1 0 0 2776600 7475 2776600 TUITION AND FEES 900099 436464 436464 436464 620 620 7475 7475 0 0 OTHER INCOME 900099 4646 4646 4646 3218330 436464 0 5266 1964280 1964280 294178 201429 64083 28666 398140 272686 86799 38655 7535 5157 1647 731 29614 20311 6537 2766 47013 32178 10274 4561 36803 36803 25410 7000 18410 116135 88018 215 27902 15616 11823 2891 902 78326 60140 10467 7719 28176 28069 8 99 6108 4309 943 856 306509 305590 732 187 17363 14398 446 2519 34860 23639 7852 3369 34133 23382 7249 3502 PROPERTY EXPENSES 37032 30773 1865 4394 BAD DEBT EXPENSE 5685 5685 LICENSE AND FEES 3271 2172 747 352 MOVING 2379 2023 243 113 2121 1699 330 92 3490687 3141564 221738 127385 112020 115455 6308383 5963046 18336 20074 9311 57 5151 42924 1726874 119777 1568405 1607097 10095 10095 6325 4690 8038026 7763438 67818 66665 61778 60751 129596 127416 X 4480996 4335154 3427434 3300868 7908430 7636022 8038026 7763438 -272357 -51 0 X X 0 1 X 1 0 X 1188254 3937535 5078767 4424357 2776600 17405513 1188254 3937535 5078767 4424357 2776600 17405513 13788890 3616623 658 2036 524 396 569 4183 7683 13884 82620 59200 4646 168033 17577729 1259501 0.20580 0.20100 X PART II, SECTION C, LINE 17A, FACTS AND CIRCUMSTANCES TEST: THE INSTITUTE SATISFIES THE FACTS-AND-CIRCUMSTANCES TEST OF TREASURY REGULATION 1.170A-9(E)(3) AND QUALIFIES AS PUBLICLY SUPPORTED UNDER SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI) OF THE INTERNAL REVENUE CODE FOR THE FOLLOWING REASONS: 1. TEN-PERCENT-OF-SUPPORT LIMITATION THE INSTITUTE'S PUBLIC SUPPORT FOR THE CURRENT PERIOD IS 20.58%, SIGNIFICANTLY ABOVE THE MINIMUM REQUIREMENT OF 10% TO QUALIFY THE INSTITUTE UNDER THE FACTS-AND-CIRCUMSTANCES TEST. 2. ATTRACTION OF PUBLIC SUPPORT THE INSTITUTE ACTIVELY SOLICITS CONTRIBUTIONS FROM INDIVIDUALS, PRIVATE FOUNDATIONS, AND CORPORATE SPONSORS. AMONG OTHER THINGS, THE INSTITUTE MAINTAINS A PUBLICLY ACCESSIBLE WEBSITE THAT DISCUSSES AT LENGTH THE INSTITUTE'S PROGRAMS AND ACTIVITIES AND CONTAINS A SPECIAL "DONATE NOW" BUTTON. THE INSTITUTE RECOGNIZES ITS DONORS' GENEROSITY WITH SEVEN HONOR CLASSIFICATIONS, RANGING FROM "CONTRIBUTORS" FOR THOSE WHO DONATE UP TO $999, TO "FOUNDERS CIRCLE" FOR THOSE WHO CONTRIBUTE $150,000 AND HIGHER. IN ADDITION, WHEN DONORS COMMIT IN ADVANCE TO A CONSECUTIVE THREE-YEAR PLEDGE TO THE INSTITUTE, THEY ARE INDUCTED INTO THE INSTITUTE'S NAUTILUS SOCIETY. A LIST OF OVER 200 DONORS TO THE INSTITUTE CAN BE FOUND AT WWW.EDUCATIONALADVANCEMENT.ORG. 3. PERCENTAGE OF FINANCIAL SUPPORT THE INSTITUTE'S 20.58% PUBLIC-SUPPORT PERCENTAGE IS WELL ABOVE THE 10% FLOOR AND REFLECTS THE FACT THAT THE ORGANIZATION RECEIVES SIGNIFICANT AND WIDESPREAD PUBLIC SUPPORT. THE INSTITUTE IS WORKING ACTIVELY TO BROADEN ITS SOURCES OF SUPPORT TO INCREASE ITS PUBLIC-SUPPORT PERCENTAGE IN THE COMING YEARS. 4. SOURCES OF SUPPORT THE INSTITUTE RECEIVES FINANCIAL SUPPORT FROM A WIDE RANGE OF UNRELATED INDIVIDUAL DONORS AND FOUNDATIONS, AS DEMONSTRATED BY THE LIST OF EIGHT MAJOR CONTRIBUTORS ON SCHEDULE B. IN ADDITION TO THE SUPPORT DISCLOSED ON SCHEDULE B, THE INSTITUTE RECEIVES SMALLER CONTRIBUTIONS FROM MANY OTHER INDIVIDUAL DONORS. TO SUPPORT ITS WORK WITH GIFTED YOUNG PEOPLE, THE INSTITUTE RELIES HEAVILY ON ITS VOLUNTEER CORPS. THE ROLES AND RESPONSIBILITIES OF OUR VOLUNTEERS VARY WIDELY DEPENDING ON THEIR SKILLS AND EXPERTISE AND ON THE INSTITUTE'S NEEDS. FOR EXAMPLE, PROFESSIONALS WHO ARE RESPECTED IN THEIR FIELDS VOLUNTEER FOR THREE TO SIX WEEKS DURING EACH SUMMER TO MENTOR GIFTED STUDENTS PARTICIPATING IN THE INSTITUTE'S APPRENTICESHIP PROGRAM. ALSO, THROUGHOUT THE YEAR, PROFESSIONALS FROM VARIOUS FIELDS DONATE THEIR TIME TO GIVE INSPIRATIONAL LECTURES TO GIFTED STUDENTS, PARENTS, TEACHERS AND ADMINISTRATORS PARTICIPATING IN THE INSTITUTE'S PARENT SUPPORT GROUP MEETINGS AND GUEST EVENTS. THE INSTITUTE ACTIVELY SOLICITS VOLUNTEER SUPPORT THROUGH ITS WEBSITE, AS WELL AS BY DIRECT SOLICITATIONS. THE CAROLINE D. BRADLEY SCHOLARSHIP SELECTION COMMITTEE IS COMPRISED OF VOLUNTEERS FROM PUBLIC AND PRIVATE HIGH SCHOOLS AND UNIVERSITIES FROM AROUND THE COUNTRY. IEA HAS TWO TO THREE COMMITTEES EACH YEAR, MADE UP OF EIGHT TO TEN ADMISSIONS DIRECTORS, SCHOOL HEADS AND UNIVERSITY LEADERSHIP. 5. REPRESENTATIVE GOVERNING BODY THE INSTITUTE'S BOARD OF DIRECTORS CONSISTS OF ELEVEN DIRECTORS FROM DIVERSE PROFESSIONAL BACKGROUNDS, INCLUDING LAW, FINANCE, AND EDUCATION. NINE OF THESE ELEVEN DIRECTORS ARE NOT OTHERWISE RELATED TO THE INSTITUTE. THE INSTITUTE ENCOURAGES ALL ITS DIRECTORS TO CONTRIBUTE BOTH TIME AND MONEY TO THE ORGANIZATION. 6. AVAILABILITY OF PUBLIC FACILITIES OR SERVICES THE INSTITUTE'S PROGRAMS ARE AVAILABLE TO ELIGIBLE CANDIDATES FROM THE GENERAL PUBLIC AND INCLUDE THE FOLLOWING: APPRENTICESHIP PROGRAM: THIS THREE-TO-FOUR WEEK RESIDENTIAL SUMMER PROGRAM PROVIDES AN OPPORTUNITY FOR UP TO 40 STUDENTS, CAPABLE OF WORKING AT THE HIGH SCHOOL LEVEL, TO WORK WITH ESTABLISHED PROFESSIONALS IN AN AREA OF INTEREST. CAROLINE D. BRADLEY SCHOLARSHIP: THIS PROGRAM PROVIDES AN OPPORTUNITY FOR UP TO 60 GIFTED STUDENTS TO DEVELOP TO THEIR FULLEST POTENTIAL BY ATTENDING A SCHOOL THAT WILL BEST MEET THEIR INDIVIDUAL NEEDS. THE SCHOLARSHIP COVERS THE COST OF TUITION AND BOOKS THROUGHOUT EACH SCHOLAR'S HIGH SCHOOL YEARS. YUNASA SUMMER CAMPS FOR THE GIFTED: THIS WEEK-LONG RESIDENTIAL SUMMER PROGRAM PROVIDES AN OPPORTUNITY FOR 100 GIFTED MIDDLE SCHOOL STUDENTS TO DEVELOP THE EMOTIONAL, SPIRITUAL, PHYSICAL AND INTELLECTUAL ASPECTS OF THEMSELVES WHILE HAVING FUN. GIFTED RESOURCE CENTER: THIS RESOURCE PROVIDES A CUSTOMIZED STARTING POINT FOR STUDENTS, PARENTS AND EDUCATORS SEEKING EDUCATIONAL OPPORTUNITIES FOR GIFTED AND TALENTED STUDENTS. ACADEMY PROGRAM: ACADEMY IS AN EDUCATIONAL YEAR-ROUND ENRICHMENT PROGRAM THAT SERVES APPROXIMATELY 100 ELEMENTARY AND MIDDLE SCHOOL STUDENTS ANNUALLY. ACADEMY OFFERS HIGH-LEVEL MATH AND SCIENCE COURSES THAT CHALLENGE GIFTED STUDENTS BEYOND THEIR GRADE LEVEL. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1200000 1200000 334700 22554 312146 192174 97223 94951 1607097 SCHOLARSHIPS PAYABLE 60751 60751 X 3105780 -51 -112499 -112550 3218330 0 3218330 3378188 0 3378188 112499 112499 3490687 PART X, LINE 2: THE INSTITUTE IS A NONPROFIT PUBLIC BENEFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES ALL OF THE POSITIONS TAKEN BY THE INSTITUTE ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES GENERALLY THREE AND FOUR YEARS, RESPECTIVELY, AFTER THEY ARE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS -112,499. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 112,499. 1 HIGH SCHOOL SCHOLARSHIPS 54 1863331 FMV FINANCIAL AID 82 100949 FMV FINANCIAL AID PART I, LINE 2: TUITION PAYMENTS ARE ISSUED DIRECTLY TO THE SCHOOL THAT EACH SCHOLAR ATTENDS AND ARE BASED UPON PUBLISHED TUITION RATES FOR EACH YEAR. WHILE THE CDB SCHOLARSHIP IS MERIT-BASED, IT TARGETS THOSE EXCEPTIONALLY GIFTED YOUNG PEOPLE WHO NEED ASSISTANCE IN FINDING THE OPTIMAL HIGH SCHOOL ENVIRONMENT OR MAY EXPERIENCE OTHER CHALLENGES THAT PROHIBIT ATTENDING AN APPROPRIATE COLLEGE PREP SCHOOL. ALL APPLICANTS SUBMIT A PORTFOLIO APPLICATION WHICH IS REVIEWED BY A SELECTION COMMITTEE AND FINALISTS ARE SELECTED. EACH FINALIST WILL THEN PARTICIPATE IN A PERSONAL INTERVIEW. FINALLY, THE IEA SCHOLARSHIP TEAM SELECTS THE SCHOLARS ON A NON-DISCRIMINATORY BASIS. THE APPLICANTS MUST ALSO MEET ADDITIONAL SELECTION GUIDELINES WHICH ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AT WWW.EDUCATIONALADVANCEMENT.ORG. SCHOLARS MUST MEET THESE CRITERIA EACH YEAR TO QUALIFY FOR THE AWARD. X X X X 0 0 0 0 0 0 0 0 0 ELIZABETH D JONES PRESIDENT 194662 0 0 0 0 0 5844 0 13959 0 214465 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 FORM 990 WAS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE, CONSISTING OF THREE BOARD MEMBERS, BEFORE FILING. THE ORGANIZATION EMAILED EACH MEMBER OF THE GOVERNING BODY THE ORGANIZATION'S FINAL FORM 990 PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS SIGN ANNUAL CONFLICT OF INTEREST REPRESENTATION LETTERS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE, A SUBSET OF THE IEA BOARD OF DIRECTORS, HAS GENERAL OVERSIGHT OF THE ORGANIZATION'S HUMAN RESOURCE PLAN. THE COMMITTEE MEETS INDEPENDENT OF THE PRESIDENT TO DISCUSS PERFORMANCE RELATIVE TO THE POSITION DESCRIPTION AND THE ESTABLISHED GOALS. COMPARABLE SALARY SURVEYS ARE REVIEWED AT A MINIMUM OF EVERY THREE YEARS TO BENCHMARK COMPENSATION FOR THE POSITION. THE COMMITTEE PRESENTS ITS FINDINGS AND RECOMMENDATIONS, IN AN EXECUTIVE SESSION WITHOUT THE PRESIDENT PRESENT, TO THE BOARD FOR REVIEW AND APPROVAL. THE COMMITTEE AND/OR THE BOARD CHAIR THEN MEET WITH THE PRESIDENT TO DISCUSS AND DOCUMENT STRENGTHS, WEAKNESSES, AND GOALS FOR THE UPCOMING YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C NO CHANGES IN PROCESS FROM PRIOR YEAR