EIN 23-7357906

Marcus Foster Education Institute (MFEI)

IRS 501(c) type
501(c)(3)
Num. employees
10
Year formed
1973
Most recent tax filings
2019-06-01
Description
The Marcus Foster Education Fund is a compassionate, collaborative organization seeking to help realize transformative educational equity for the Oakland community.
Also known as...
Marcus A Foster Educational Institute
Total revenues
$1,418,561
2019
Total expenses
$2,124,382
2019
Total assets
$1,067,725
2019
Num. employees
10
2018

Program areas at MFEI

College bound brotherhoodthe mission of the college bound brotherhood is to increase the college readiness, access, persistence, and completion of the african american young men from the san francisco bay area.the college bound brotherhood is A movement of stakeholders working together to improve the way we support african american young men in order to increase college opportunity and success. We believe that increasing college attainment for african american young men is imperative for A healthy society and economy. We know we must work together to create change and build A community of support in which everyone sees their stake. We flip narratives and change perceptions related to african american young men and their college aspirations.
East bay college access networkthe east bay college access network is an oakland-based collaborative dedicated to eliminating systemic barriers to college access, persistence, and completion for all students in oakland, the east bay, and beyond. The can's initial focus centered on improving access and eligibility for low income students to receive financial aid.
Scholarshipssince 1973 the organization has given thousands of scholarships to oakland's graduating seniors to attend colleges and universities across the country. Last year, with the generous support of oakland's business community, california-based private foundations, local community organizations, and former Marcus Foster scholarship recipients, the Fund presented over 200 scholarships to students from oakland and across the bay area.
(1) Fund for teachersbenefiting oakland public school teachers through A partnership with houston-based Fund for teachers, Fund for teachers awards fellowships for summer learning experiences to prek-12 teachers, empowering them to pursue their passions and pique student engagement. (2) fiscal sponsorshipsmarcus Foster education Fund (mfef) provides full administrative support to programs and agencies required to have non-profit status for the purposes of receiving grant support and providing needed community services. Mfef currently serves as the fiscal sponsor of several projects that work in tandem with oakland public schools to provide support and development for students, teachers and families.

Grants made by MFEI

GranteeGrant descriptionAmount
Young Scholars ProgramCollege Bound Brotherhood$8,000
East Bay Asian Youth Center (EBAYC)College Bound Brotherhood$8,000

Who funds Marcus Foster Education Institute (MFEI)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Blue Meridian PartnersTo Support Economic Mobility$226,000
Vanguard Charitable Endowment ProgramFor Recipient's Exempt Purpose$150,000
Sidney E Frank Charitable FoundationTo Support Fulcrum$150,000
...and 15 more grants received

Personnel at MFEI

NameTitleCompensation
Dr. Miriam ParkerChief Dental Officer, Lifelong Medical
Alicia DixonExecutive Director$116,295
Courtney RileyInclusion Director / Courtney Riley , Manager of Strategic Partnerships
Courtney PaytonOffice Manager
Lilia WalshResearch, Evaluation and Data Manager
...and 4 more key personnel

Financials for MFEI

RevenuesFYE 06/2019
Total grants, contributions, etc.$1,286,358
Program services$96,334
Investment income and dividends$19,740
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-18,523
Net income from fundraising events$43,220
Net income from gaming activities$-8,568
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,418,561

Form 990s for MFEI

Fiscal year endingDate received by IRSFormPDF link
2019-062021-04-05990View PDF
2018-062019-08-17990View PDF
2017-062018-06-14990View PDF
2016-062017-09-27990View PDF
2015-062016-08-04990View PDF
...and 5 more Form 990s
Data update history
October 22, 2023
Received grants
Identified 10 new grant, including a grant for $226,000 from Blue Meridian Partners
May 13, 2023
Received grants
Identified 2 new grant, including a grant for $274,000 from Blue Meridian Partners
November 22, 2022
Updated personnel
Identified 9 new personnel
November 4, 2022
Used new vendors
Identified 1 new vendor, including
September 22, 2021
Received grants
Identified 3 new grant, including a grant for $1,500,000 from East Bay Community Foundation (EBCF)
Nonprofit Types
SchoolsEducational service providersCharities
Issues
EducationVoting rights
Characteristics
Fundraising eventsState / local levelReceives government fundingProvides scholarshipsFundraising races, competitions, and tournamentsTax deductible donationsFiscal sponsorAccepts online donations
General information
Address
2000 Franklin St 3rd Floor
Oakland, CA 94612
Metro area
San Francisco-Oakland-Berkeley, CA
County
Alameda County, CA
Website URL
marcusfoster.org/ 
Phone
(510) 777-1600
Facebook page
MarcusFosterEdFund 
Twitter profile
@marcusfosterei 
IRS details
EIN
23-7357906
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1973
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B01: Education Alliances and Advocacy
NAICS code, primary
611710: Educational Support Services
Parent/child status
Independent
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