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INVEST IN EDUCATION FOUNDATION INC

ALBANY, NY · EIN 453027711 · Form 990 · FY2024 · NTEE B19 · Education · Medium ($1M-$10M) · investineducation.org
revenue
$1.7M
expenses
$1.0M
net assets
$1.6M
employees
1
program ratio
79%
mission · from form 990

THE INVEST IN EDUCATION FOUNDATION, INC. IS A RESEARCH AND POLICY ORGANIZATION FORMED TO PROMOTE IMPROVEMENT IN EDUCATION FOR STUDENTS, INCREASING EDUCATIONAL CHOICE, AND WORKING TO CLOSE GAPS IN EDUCATIONAL ACHIEVEMENT.

profile · synthesized from sources

Research and policy organization focused on improving education, expanding educational choice, and closing achievement gaps. The foundation supports initiatives related to scholarship tax credit programs and collaborates with education reform advocates and nonprofit leaders. It is linked to the Invest in Education Coalition, which promotes federal and state policies enabling private donations for student scholarships and educational support services.

named programs · 1 · from sources

What they call their work

Scholarship Tax Credit Program Advocacy
Advocates for state adoption of the federal scholarship tax credit program, enabling tax credits for private donations that fund student scholarships and educational support services such as tutoring, special education, and technology access.
activities · 3 groups

What they do

  • Education Policy Advocacy & Reform 2 activities
    • Advocating for federal and state scholarship tax credit legislation
      Advocates for the implementation and expansion of the Federal Scholarship Tax Credit Program, including supporting state participation, engaging with U.S. Treasury officials on guidance and implementation, and promoting awareness through op-eds and policy outreach, contributing to 30 states electing to participate.
    • Advocating for federal school choice legislation
      Advocates at the federal level for legislation that empowers parents of K-12 students to choose schools or educational services, with the goal of advancing school choice policies across all 50 states.
  • Financial Aid and Scholarship Access Programs 2 activities
    • Funding scholarship tax credit programs to expand educational opportunities
      Supports educational choice by financing scholarship granting organizations through tax credit programs, enabling scholarships that cover tuition, tutoring, educational technology, transportation, after-school programs, and other qualified expenses for low-income and middle-class families.
    • Funding scholarships for low-income children to attend private schools
      Awards grants through a scholarship program that provides partial scholarships for low-income children in grades K-8 to attend private schools, having distributed approximately $1 billion in scholarships to over 209,700 children since 1998 and currently serving more than 33,900 children nationwide.
  • Education Policy Research and Analysis 1 activity
    • Conducting research and policy analysis to improve education and close achievement gaps
      Conducts research and policy work aimed at improving educational outcomes, increasing educational choice, and addressing disparities in student achievement.
financials · form 990 · fy2024
revenue
Total revenue$1.74M
Contributions & grants$1.73M100%
Program service revenue$00%
Investment income$8K0%
Other revenue$0
expenses
Total expenses$1.01M
Program expenses79%
Admin / overhead9%
Fundraising13%
Salaries & benefits$164K
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$1.71M
Cash$1.71M
Investments$0
Liabilities$75K
Net assets$1.64M
Liquid reserves20.3 mo
4 years on record · 2020–2024 · YoY revenue +21.1%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 2
NameTitleHours/wkCompensation
ANGELA FLOOD FORMER PRESIDENT 40 $229K
MICHAEL J STRIANESE CFO & COO 40 $78K
board members · 4
  • ANTHONY DE NICOLA — CHAIR
  • DARLA ROMFO — DIRECTOR
  • ROBERT FLANIGAN — TREASURER
  • SUSAN GEORGE — DIRECTOR
relationships · 18

Who they work with

  • Brilla College Prep Charter Schools Partner — Collaborates through shared board membership; Darla M. Romfo serves on the board of Brilla College Prep and the Invest in Education Foundation.
  • Children’s Scholarship Fund Partner — Collaborates on scholarship initiatives for low-income children.
  • Children’s Scholarship Fund Partner — Collaborates through shared board membership; Darla M. Romfo serves as President of Children’s Scholarship Fund and is a board member of Invest in Education Foundation.
  • EdChoice Partner — Collaborates on research and polling related to school choice support and the federal scholarship tax credit program.
  • Fabrizio, Lee & Associates Partner — Conducted a national survey on public support for school choice on behalf of Invest in Education Coalition.
  • Fabrizio, Lee & Associates Partner — Conducted national polling on school choice and support for the Educational Choice for Children Act (ECCA).
  • Herzog Foundation Partner — Partner organization represented by a senior director who has publicly supported the Federal Scholarship Tax Credit Program.
  • Inner-City Scholarship Fund Partner — Collaborates through shared board membership; Susan B. George and Anthony J. de Nicola serve on both the Inner-City Scholarship Fund and Invest in Education Foundation boards.
  • Inner-City Scholarship Fund Partner — Partners to support educational access for inner-city children.
  • Internal Revenue Service (IRS) Government — References and disseminates information from the IRS regarding federal scholarship program guidance.
  • Invest in Education Coalition Network — Member organization collaborating on education advocacy and scholarship initiatives.
  • Invest in Education Coalition Network — Shares leadership and governance with the Invest in Education Coalition, as multiple board members hold leadership roles in both organizations.
  • Pennsylvania State Senator Anthony Williams Partner — Amplified the advocacy message of Senator Williams calling for Pennsylvania to opt into the federal tax credit scholarship program.
  • Step Up for Students Partner — Partner organization whose chairman has endorsed the Federal Scholarship Tax Credit Program through public testimony.
  • Success Academy Charter Schools Partner — Collaborates through shared board membership; Robert H. Niehaus serves on both the Success Academy Charter Schools board and the Invest in Education Foundation.
  • Treasury and IRS Government — Provided preview of forthcoming guidance for implementation of the Federal Scholarship Tax Credit Program.
  • U.S. Department of the Treasury Government — Engages with Treasury officials on implementation of the federal scholarship tax credit program.
  • U.S. Department of the Treasury Government — References and disseminates information from the Treasury Department regarding federal scholarship program guidance.
strategies · 2

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Parental Choice Empowerment Model
    methodology: parental_choice_empowerment
    By enabling parents to direct education funding toward schools or services of their choice, we improve educational outcomes because families are best positioned to identify and select the learning environments that meet their children's unique needs.
  • Research and Policy Advocacy for Systemic Change
    methodology: research_and_policy_advocacy
    By generating and leveraging research evidence to inform federal policy advocacy, we drive systemic improvements in education and reduce achievement disparities because data-informed policy shifts create scalable, sustainable reform.