MERIT AMERICA: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- MERIT AMERICA (EIN 84-2108762)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-06
- IRS object ID
- 202403119349304205
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-06T18:40:56-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 910189318 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MOSS ADAMS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 21700 OXNARD ST STE 300 | AddressLine1Txt |
| City | WOODLAND HILLS | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91367 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 842108762 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MERIT AMERICA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MERI | BusinessNameControlTxt |
| Phone | 9143103148 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 712 H STREET NE SUITE 1560 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20002 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | REBECCA TABER STAEHELIN | PersonNm |
| Person Title | CO-FOUNDER AND CO-CEO | PersonTitleTxt |
| Phone | 9143103148 | PhoneNum |
| Signature | 2024-11-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LAUREN A HAVERLOCK | PreparerPersonNm |
| PTIN | P00545829 | PTIN |
| Phone | 8185771900 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | REBECCA TABER STAEHELIN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 712 H STREET NE SUITE 1560 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20002 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $43,214,562 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.MERITAMERICA.ORG/ | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2019 | FormationYr |
| Legal Domicile State | DC | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE A PATH TO SKILLED CAREERS FOR THE MILLIONS OF AMERICANS WITHOUT COLLEGE DEGREES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 8 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 5 | VotingMembersIndependentCnt |
| Total Employee | 229 | TotalEmployeeCnt |
| Total Volunteers | 6 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $19,666,880 | PYContributionsGrantsAmt |
| CY Contributions Grants | $29,039,821 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $8,753,249 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $13,667,249 | CYProgramServiceRevenueAmt |
| PY Investment Income | $650 | PYInvestmentIncomeAmt |
| CY Investment Income | $507,492 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $28,420,779 | PYTotalRevenueAmt |
| CY Total Revenue | $43,214,562 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $68,426 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $148,320 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $13,311,644 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $23,472,738 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $989,865 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $9,150,634 | PYOtherExpensesAmt |
| CY Other Expenses | $12,597,784 | CYOtherExpensesAmt |
| PY Total Expenses | $22,530,704 | PYTotalExpensesAmt |
| CY Total Expenses | $36,218,842 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $5,890,075 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $6,995,720 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $23,949,600 | TotalAssetsBOYAmt |
| Total Assets EOY | $30,452,510 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $10,202,191 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $9,709,381 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $13,747,409 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $20,743,129 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO PROVIDE A PATH TO SKILLED CAREERS FOR THE MILLIONS OF AMERICANS WITHOUT COLLEGE DEGREES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $33,238,733 | ExpenseAmt |
| Grant | $148,320 | GrantAmt |
| Revenue | $13,667,249 | RevenueAmt |
| Desc | IN 2023, MERIT AMERICA CONTINUED TO ADVANCE ITS MISSION TO CREATE A PATHWAY FOR THE 53 MILLION AMERICANS STUCK IN LOW-WAGE WORK TO SECURE FAMILY-SUSTAINING CAREERS. THESE WORKERS, MANY OF WHOM ARE PEOPLE OF COLOR AND WOMEN, HAVE HISTORICALLY FACED SIGNIFICANT BARRIERS TO ADVANCEMENT. TRADITIONAL ROUTES, SUCH AS EARNING A COLLEGE DEGREE OR CLIMBING THE CORPORATE LADDER, OFTEN REMAIN OUT OF REACH DUE TO FINANCIAL CONSTRAINTS, LACK OF FLEXIBILITY, OR INADEQUATE SUPPORT. MERIT AMERICA OFFERS A THIRD OPTION-COMBINING THE FLEXIBILITY OF ONLINE LEARNING WITH THE PERSONALIZED GUIDANCE OF WORLD-CLASS COACHING.SINCE OUR LAUNCH IN 2018, WHEN WE SERVED A SMALL COHORT OF JUST 15 LEARNERS, WE HAVE GROWN RAPIDLY. BY THE END OF 2023, WE SERVED 9,275 LEARNERS ACROSS MULTIPLE CAREER TRACKS - INCLUDING OVER 4,600 IN 2023 ALONE - AND ARE ON PACE TO REACH OUR 10,000TH LEARNER IN EARLY 2024. THIS REFLECTS BOTH THE INCREASING DEMAND FOR OUR PROGRAM AND OUR CAPACITY TO SCALE EFFECTIVELY.OUR TEAM'S EXPANSION HAS MIRRORED THIS GROWTH, INCREASING TO MORE THAN 200 EMPLOYEES WITHIN JUST FIVE YEARS AND AN 80% STAFF ENGAGEMENT RATE. IN RECOGNITION OF OUR CULTURE AND VALUES, MERIT AMERICA WAS NAMED A 2023 TOP PLACE TO WORK BY RAGAN AND A 2023 BEST WORKPLACES FOR MILLENNIALS BY GREAT PLACE TO WORK AND FORTUNE MAGAZINE.THE IMPACT OF OUR WORK IS PERHAPS BEST ILLUSTRATED BY THE FINDINGS OF OUR SECOND LONGITUDINAL WAGE ANALYSIS, CONDUCTED IN PARTNERSHIP WITH THE UNIVERSITY OF VIRGINIA. THIS STUDY CONFIRMED THAT AS WE SCALE, OUR IMPACT REMAINS STRONG. ON AVERAGE, MERIT AMERICA ALUMNI SAW THEIR ANNUAL WAGES INCREASE BY $24,000, THREE OR MORE MONTHS AFTER PROGRAM COMPLETION, NEARLY DOUBLING THE AVERAGE PRE-PROGRAM SALARY OF $26,000. OUR PROGRAM'S 80% COMPLETION RATE NEARLY DOUBLES THE NATIONAL SIX-YEAR COMMUNITY COLLEGE COMPLETION RATE OF 42%, UNDERSCORING THE EFFECTIVENESS OF OUR MODEL.BY THE CLOSE OF 2023, MERIT AMERICA HELPED DRIVE AN ESTIMATED $695 MILLION IN PROJECTED CUMULATIVE WAGE GAINS, DELIVERING A REMARKABLE $33 IN WAGE GAINS FOR EVERY $1 IN PHILANTHROPY, ACCORDING TO A SOCIAL ROI STUDY BY BRIDGESPAN.IN RESPONSE TO CHANGING MARKET DEMANDS AND LEARNER INTERESTS, WE EXPANDED OUR OFFERINGS IN 2023, LAUNCHING A NEW USER EXPERIENCE (UX) DESIGN TRACK THAT ENROLLED 244 LEARNERS IN ITS FIRST YEAR. BUILDING ON THIS SUCCESS, WE LAID THE FOUNDATION FOR TWO ADDITIONAL TRACKS - CYBERSECURITY AND PROJECT MANAGEMENT - SET TO LAUNCH IN EARLY 2024.FINANCIAL ACCESSIBILITY HAS ALWAYS BEEN A CORNERSTONE OF OUR APPROACH. OUR INNOVATIVE SUCCESS SHARING AGREEMENT ALLOWED LEARNERS TO START THEIR JOURNEY WITHOUT ANY UPFRONT COSTS, REMOVING FINANCIAL BARRIERS TO ENTRY. THIS COMMITMENT TO AFFORDABILITY WAS FURTHER STRENGTHENED BY OUR PARTNERSHIP WITH GOOGLE THROUGH THE $100 MILLION GOOGLE CAREER CERTIFICATES FUND. THE RESULTING ZERO PERCENT LOAN, ADMINISTERED BY ASCENT FUNDING, HAS MANY OF THE SAME LEARNER-FRIENDLY TERMS: NO MONEY REQUIRED UPFRONT, 0% INTEREST, AND REPAYMENT ONLY UPON EARNING AT LEAST $40,000 PER YEAR. SINCE ITS LAUNCH AT THE END OF 2022, THE FUND ENABLED 3,464 MERIT AMERICA LEARNERS TO ACCESS THE ZERO PERCENT LOAN TO FINANCE THEIR PARTICIPATION IN OUR PROGRAM BY THE END OF 2023.LOOKING AHEAD, WE ARE EXCITED ABOUT THE POTENTIAL TO BROADEN OUR IMPACT EVEN FURTHER. PLANS ARE UNDERWAY TO EXPAND BEYOND TECHNOLOGY TRACKS INTO FIELDS SUCH AS ADVANCED MANUFACTURING, ARTIFICIAL INTELLIGENCE, AND CLIMATE-RELATED SECTORS.AS WE REFLECT ON 2023, WE ARE PROUD OF THE STRIDES WE'VE MADE IN SCALING OUR IMPACT WHILE MAINTAINING THE QUALITY AND EFFECTIVENESS OF OUR PROGRAMS. THE STORIES OF TRANSFORMED LIVES AND CAREERS CONTINUE TO INSPIRE US AND FUEL OUR COMMITMENT TO BREAKING DOWN BARRIERS AND CREATING OPPORTUNITIES FOR TALENTED INDIVIDUALS ACROSS AMERICA. | Desc |
| Total Program Service Expenses | $33,238,733 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 152 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 229 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 8 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 5 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | AL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | AR | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CO | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CT | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | FL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | GA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | HI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | KS | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | KY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | LA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | ME | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MS | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | ND | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NM | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NV | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OK | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OR | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | RI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | TN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | VA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WV | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WI | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ALYSIA ABRAMS | PersonNm |
| Phone | 6154297467 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 712 H STREET NE SUITE 1560 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20002 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| CONNOR DIEMAND-YAUMAN | ||||||||
| CO-FOUNDER AND CO-CEO | 40.00 | Yes (X) | Yes (X) | $484,533 | $0 | $59,301 | ||
| REBECCA TABER STAEHELIN | ||||||||
| CO-FOUNDER AND CO-CEO | 40.00 | Yes (X) | Yes (X) | $440,314 | $0 | $70,513 | ||
| NORMAN ATKINS | ||||||||
| DIRECTOR/BOARD CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| YIN LU | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| NAOMI BAGDONAS | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| AHMMAD BROWN | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| BYRON AUGUSTE | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| REBECCA LEVIN | ||||||||
| DIRECTOR (FROM 7/27/23) | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| LAL JONES-BEY | ||||||||
| CHIEF FINANCIAL OFF. (FROM 3/27/23) | 40.00 | Yes (X) | $183,772 | $0 | $23,442 | |||
| LATRICIA BARKSDALE | ||||||||
| CHIEF PROGRAM OFFICER (THRU 5/23/23) | 40.00 | Yes (X) | $106,293 | $0 | $10,391 | |||
| LEILA MAKARECHI | ||||||||
| CHIEF BUSINESS OFFICER | 40.00 | $305,845 | $0 | $38,369 | Yes (X) | |||
| ANNE KEENAN | ||||||||
| CHIEF MARKETING OFFICER | 40.00 | $258,950 | $0 | $41,808 | Yes (X) | |||
| JENNIFER MAZZON | ||||||||
| CHIEF PRODUCT OFFICER | 40.00 | $240,175 | $0 | $58,001 | Yes (X) | |||
| CRYSTAL BARCELO | ||||||||
| CHIEF PEOPLE OFFICER | 40.00 | $220,866 | $0 | $20,867 | Yes (X) | |||
| RYAN OUELLETTE | ||||||||
| CHIEF PROGRAM OFFICER | 40.00 | $210,479 | $0 | $22,225 | Yes (X) | |||
| LEITH ABDULLA | ||||||||
| ENGINEERING, VP | 40.00 | $207,540 | $0 | $19,497 | Yes (X) | |||
| PERRY FETTERMAN | ||||||||
| VP EARNED REVENUE | 40.00 | $179,022 | $0 | $36,010 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,837,789 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $400,424 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 39 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| BUSINESS RULE SOLUTIONS LLC | |||||
| 2429 BISSONNET SUITE 488 | HOUSTON | TX | 77005 | ANALYTICS AND DATA CLEANING SERVICES | $410,650 |
| INSTRUCTURE INC | |||||
| 6330 SOUTH 3000 EAST SUITE 700 | SALT LAKE CITY | UT | 84121 | IMPLEMENTATION OF EDUCATIONAL SOFTWARE P | $198,150 |
| BERLIN ROSEN LLC | |||||
| 15 MAIDEN LANE | NEW YORK | NY | 10038 | MARKETING, STRATEGY, AND CREATIVE SERVIC | $183,050 |
| HOGAN LOVELLS US LLP - MAIN | |||||
| 555 13TH STREET NORTHWEST | WASHINGTON | DC | 20004 | LEGAL SERVICES | $144,851 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $29,039,821 | AllOtherContributionsAmt |
| Noncash Contributions | $2,780,000 | NoncashContributionsAmt |
| Total Contributions | $29,039,821 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TUITION REPAYMENT/PLACEMENT FEES | Desc |
| Business | 561499 | BusinessCd |
| Total Revenue Column | $13,667,249 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $13,667,249 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $13,667,249 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $507,492 | TotalRevenueColumnAmt |
| Exclusion | $507,492 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $43,214,562 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $13,667,249 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $507,492 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $148,320 | TotalAmt |
| Program Services | $148,320 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,023,532 | TotalAmt |
| Program Services | $1,622,671 | ProgramServicesAmt |
| Management And General | $86,664 | ManagementAndGeneralAmt |
| Fundraising | $314,197 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,956,604 | TotalAmt |
| Program Services | $16,003,469 | ProgramServicesAmt |
| Management And General | $481,372 | ManagementAndGeneralAmt |
| Fundraising | $471,763 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $403,072 | TotalAmt |
| Program Services | $387,940 | ProgramServicesAmt |
| Management And General | $13,550 | ManagementAndGeneralAmt |
| Fundraising | $1,582 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,860,431 | TotalAmt |
| Program Services | $2,672,503 | ProgramServicesAmt |
| Management And General | $85,723 | ManagementAndGeneralAmt |
| Fundraising | $102,205 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,229,099 | TotalAmt |
| Program Services | $1,143,062 | ProgramServicesAmt |
| Management And General | $36,873 | ManagementAndGeneralAmt |
| Fundraising | $49,164 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $159,182 | TotalAmt |
| Management And General | $159,182 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $76,043 | TotalAmt |
| Program Services | $70,720 | ProgramServicesAmt |
| Management And General | $2,281 | ManagementAndGeneralAmt |
| Fundraising | $3,042 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,743 | TotalAmt |
| Management And General | $8,743 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,867,544 | TotalAmt |
| Program Services | $1,712,456 | ProgramServicesAmt |
| Management And General | $140,969 | ManagementAndGeneralAmt |
| Fundraising | $14,119 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,272,541 | TotalAmt |
| Program Services | $7,272,541 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $979,725 | TotalAmt |
| Program Services | $665,903 | ProgramServicesAmt |
| Management And General | $285,631 | ManagementAndGeneralAmt |
| Fundraising | $28,191 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $860,104 | TotalAmt |
| Program Services | $860,104 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,507 | TotalAmt |
| Program Services | $7,912 | ProgramServicesAmt |
| Management And General | $255 | ManagementAndGeneralAmt |
| Fundraising | $340 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $621,851 | TotalAmt |
| Program Services | $122,334 | ProgramServicesAmt |
| Management And General | $494,255 | ManagementAndGeneralAmt |
| Fundraising | $5,262 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $84,167 | TotalAmt |
| Management And General | $84,167 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,232 | TotalAmt |
| Management And General | $44,232 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $66,347 | TotalAmt |
| Management And General | $66,347 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | JAVA CURRICULUM | Desc |
| Total | $548,798 | TotalAmt |
| Program Services | $548,798 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,218,842 | TotalAmt |
| Program Services | $33,238,733 | ProgramServicesAmt |
| Management And General | $1,990,244 | ManagementAndGeneralAmt |
| Fundraising | $989,865 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,875,451 | BOYAmt |
| EOY | $28,604,341 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $600,000 | BOYAmt |
| EOY | $143,469 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $441,524 | BOYAmt |
| EOY | $233,146 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,378,031 | BOYAmt |
| EOY | $702,245 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $574,461 | BOYAmt |
| EOY | $705,731 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $150,194 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $86,616 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $80,133 | BOYAmt |
| EOY | $63,578 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,949,600 | BOYAmt |
| EOY | $30,452,510 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,412,873 | BOYAmt |
| EOY | $1,805,174 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,129,060 | BOYAmt |
| EOY | $1,222,123 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,500,000 | BOYAmt |
| EOY | $6,500,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $160,258 | BOYAmt |
| EOY | $182,084 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,202,191 | BOYAmt |
| EOY | $9,709,381 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,270,459 | BOYAmt |
| EOY | $20,373,065 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,476,950 | BOYAmt |
| EOY | $370,064 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,747,409 | BOYAmt |
| EOY | $20,743,129 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,949,600 | BOYAmt |
| EOY | $30,452,510 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $6,995,720 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,706,328 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,498,057 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $9,566,655 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $19,666,880 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $29,039,821 | CurrentTaxYearAmt |
| Total | $66,477,741 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,706,328 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,498,057 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $9,566,655 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $19,666,880 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $29,039,821 | CurrentTaxYearAmt |
| Total | $66,477,741 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $15,277,092 | SubstantialContributorsTotAmt |
| Public Support Total170 | $51,200,649 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $1,499 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,528 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $650 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $507,492 | CurrentTaxYearAmt |
| Total | $513,169 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $66,990,910 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $24,985,719 | GrossReceiptsRltdActivitiesAmt |
| First5 Years170 | Yes (X) | First5Years170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $150,194 | OtherCostOrOtherBasisAmt |
| Depreciation | $86,616 | DepreciationAmt |
| Book Value | $63,578 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $63,578 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| BREX | $64,586 |
| 457B CONTRIBUTION PAYABLE | $100,831 |
| INTEREST PAYABLE | $16,667 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $182,084 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $43,224,762 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $10,200 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $10,200 | RevenueNotReportedAmt |
| Revenue Subtotal | $43,214,562 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $43,214,562 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $36,229,042 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $10,200 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $10,200 | ExpensesNotReportedAmt |
| Expenses Subtotal | $36,218,842 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $36,218,842 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION IS A NONPROFIT DISTRICT OF COLUMBIA ("D.C.") CORPORATION AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND UNDER D.C. CODE TITLE 29, CHAPTER 4, EXCEPT TO THE EXTENT OF UNRELATED BUSINESS TAXABLE INCOME AS DEFINED UNDER IRC SECTIONS 511 THROUGH 515. FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, NO PROVISION FOR UNRELATED BUSINESS INCOME TAXES IS REQUIRED. THE ORGANIZATION HAS NO UNRECOGNIZED TAX BENEFITS OR LIABILITIES AS OF DECEMBER 31, 2023 AND 2022. THE ORGANIZATION, UNDER THE PROVISIONS OF FASB ASC TOPIC 740, INCOME TAXES, HAD NO UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL AS OF DECEMBER 31, 2023 AND 2022. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|---|
| LEARNER SUPPORT | 150 | $104,845 | $350 | FMV | GIFT CARDS |
| LEARNER SUPPORT | 87 | $43,125 | FMV | LAPTOPS |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE CHIEF BUSINESS OFFICER AND VP OF DEVELOPMENT MEET WITH THE CO-CEOS TO SELECT FUNDERS WITH INTEREST AND PASSION ABOUT MERIT AMERICA'S MISSION. THE GRANT APPLICATION TO A FUNDER INCLUDES THE ORGANIZATION'S ACCOMPLISHMENTS, MILESTONES PLANNED, TARGETED AREAS IN NEED OF FUNDING, AND A DETAILED BUDGET OF HOW GRANT FUNDS WILL BE SPENT. GRANTS ARE MANAGED BY THE CONTROLLER OF THE ORGANIZATION. GRANTS ARE TRACKED IN A DETAILED GRANT SCHEDULE, AND ALL TRANSACTIONS ARE MONITORED REGULARLY. REVENUE IS RECOGNIZED IN ACCORDANCE WITH THE GRANT SPECIFICATIONS, INCLUDING SPENDING REQUIREMENTS, MEETING MILESTONES (IF APPLICABLE), AND IN ACCORDANCE WITH THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB). WHEN GRANT CASH IS RECEIVED, THE CONTROLLER ALLOCATES TO PROGRAM SPENDING (EXPENSES) IN ACCORDANCE WITH GRANT SPECIFICATIONS AND TERMS, INCLUDING THE GRANT BUDGET, MILESTONES, AND IN ACCORDANCE WITH FASB RULES. THIS PROCESS ALSO INCLUDES THE REVIEW OF GRANT REPORTS THAT HAVE BEEN PROVIDED TO THE FUNDER BY THE GRANTS TEAM, WHICH HELPS DETERMINE IF MILESTONES REQUIRED IN THE GRANT HAVE BEEN MET. RESTRICTED NET ASSETS (CASH) AND REVENUE ARE RELEASED FROM RESTRICTION WHEN THE GRANT CONDITIONS HAVE BEEN MET. THE CONTROLLER REVIEWS THE FINAL GRANT REPORT AT THE END OF EACH MONTH TO ENSURE GRANT REVENUE, GRANT SPENDING, AND NET ASSETS HAVE BEEN APPROPRIATELY RECORDED IN THE GENERAL LEDGER. GRANT CASH THAT IS RECEIVED - BUT GRANT CONDITIONS HAVE NOT BEEN MET - IS RECORDED AS RESTRICTED NET ASSETS (CASH) AND DEFERRED REVENUE UNTIL THE GRANT CONDITIONS ARE MET. THE GRANTS TEAM PAYS CLOSE ATTENTION TO REPORTING DATES AND WORKS REGULARLY WITH THE CONTROLLER TO SUBMIT ACCURATE AND TIMELY REPORTS OF GRANT SPENDING TO THE FUNDER. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CONNOR DIEMAND-YAUMAN | ||||||||||||||
| CO-FOUNDER AND CO-CEO | $385,027 | $0 | $99,506 | $0 | $0 | $0 | $39,815 | $0 | $19,486 | $0 | $543,834 | $0 | $0 | $0 |
| REBECCA TABER STAEHELIN | ||||||||||||||
| CO-FOUNDER AND CO-CEO | $340,808 | $0 | $99,506 | $0 | $0 | $0 | $39,815 | $0 | $30,698 | $0 | $510,827 | $0 | $0 | $0 |
| LEILA MAKARECHI | ||||||||||||||
| CHIEF BUSINESS OFFICER | $265,125 | $0 | $40,720 | $0 | $0 | $0 | $9,410 | $0 | $28,959 | $0 | $344,214 | $0 | $0 | $0 |
| ANNE KEENAN | ||||||||||||||
| CHIEF MARKETING OFFICER | $221,762 | $0 | $37,188 | $0 | $0 | $0 | $8,677 | $0 | $33,131 | $0 | $300,758 | $0 | $0 | $0 |
| JENNIFER MAZZON | ||||||||||||||
| CHIEF PRODUCT OFFICER | $240,175 | $0 | $0 | $0 | $0 | $0 | $7,482 | $0 | $50,519 | $0 | $298,176 | $0 | $0 | $0 |
| CRYSTAL BARCELO | ||||||||||||||
| CHIEF PEOPLE OFFICER | $220,866 | $0 | $0 | $0 | $0 | $0 | $7,233 | $0 | $13,634 | $0 | $241,733 | $0 | $0 | $0 |
| RYAN OUELLETTE | ||||||||||||||
| CHIEF PROGRAM OFFICER | $210,479 | $0 | $0 | $0 | $0 | $0 | $6,652 | $0 | $15,573 | $0 | $232,704 | $0 | $0 | $0 |
| LEITH ABDULLA | ||||||||||||||
| ENGINEERING, VP | $207,540 | $0 | $0 | $0 | $0 | $0 | $6,150 | $0 | $13,347 | $0 | $227,037 | $0 | $0 | $0 |
| PERRY FETTERMAN | ||||||||||||||
| VP EARNED REVENUE | $170,512 | $0 | $8,510 | $0 | $0 | $0 | $5,491 | $0 | $30,519 | $0 | $215,032 | $0 | $0 | $0 |
| LAL JONES-BEY | ||||||||||||||
| CHIEF FINANCIAL OFF. (FROM 3/27/23) | $183,772 | $0 | $0 | $0 | $0 | $0 | $2,736 | $0 | $20,706 | $0 | $207,214 | $0 | $0 | $0 |
Schedule M IRS990ScheduleM
Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | ONLINE ADVERTISEMENT CREDITS | 1 | $2,750,000 | FMV |
| Yes (X) | INTEREST EXPENSE | 1 | $30,000 | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | THE NUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF DONORS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE CONTROLLER REVIEWS THE 990 AND COMPARES TO THE GENERAL LEDGER OF THE ORGANIZATION TO ENSURE DATA INTEGRITY. THE 990 IS RECONCILED TO THE FINANCIAL STATEMENTS, INCLUDING THE TRIAL BALANCE, THE STATEMENT OF FINANCIAL POSITION, AND THE STATEMENT OF FINANCIAL ACTIVITIES. ADDITIONALLY, THE 990 IS RECONCILED TO THE AUDITED FINANCIAL STATEMENTS TO ENSURE DATA INTEGRITY AND CONSISTENCY. THE CONTROLLER PERFORMS A FINAL REVIEW OF ALL QUESTIONS TO ENSURE THAT THE APPROPRIATE ANSWERS HAVE BEEN PROVIDED. IF EDITS ARE NEEDED, THE CONTROLLER REQUESTS FROM THE AUDIT TAX TEAM. ONCE THE 990 IS COMPLETE WITH NO ERRORS, THE CONTROLLER SHARES WITH THE CFO AND SUBSEQUENTLY TO THE FINANCE COMMITTEE. ONCE APPROVED BY THE FINANCE COMMITTEE, THE 990 IS RECOMMENDED TO THE BOARD OF DIRECTORS. THE 990 MUST BE UNANIMOUSLY APPROVED BY THE FULL BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE (IRS). ONCE APPROVED BY ALL MEMBERS OF THE BOARD, THE CONTROLLER NOTIFIES THE AUDIT TAX TEAM THAT THE 990 IS READY TO BE FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | MERIT AMERICA INCLUDES A CONFLICT OF INTEREST POLICY AND A CONFIDENTIALITY POLICY IN THE EMPLOYEE HANDBOOK, WHICH IS GIVEN TO ALL NEW EMPLOYEES TO READ. EMPLOYEES ARE REQUIRED TO COMPLETE THIS TASK, WHICH IS MANAGED BY A WORKBOARD SOFTWARE THAT TRACKS THE TIME AND DATE COMPLETED. THE ORGANIZATION ALSO SENDS CONFLICT OF INTEREST AND CONFIDENTIALITY POLICIES TO THE BOARD OF DIRECTORS ANNUALLY TO READ AND SIGN. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE ORGANIZATION USES MULTIPLE THIRD-PARTY SALARY SURVEYS AS WELL AS CONSULTANTS TO RESEARCH SALARY RANGES IN THE NONPROFIT INDUSTRY FOR COMPARABLE ORGANIZATIONS AND COMPARABLE JOB RESPONSIBILITIES. THE CO-CEOS MEET WITH THE BOARD OF DIRECTORS TO DISCUSS AND APPROVE ALL EXECUTIVE COMPENSATION, WHICH IS SET USING THE SAME METHODOLOGY AS THE REST OF THE STAFF. THE CO-CEOS RECUSE THEMSELVES FROM THE MEETING PRIOR TO THEIR SALARIES BEING DISCUSSED AND APPROVED. ALL APPROVED COMPENSATION AMOUNTS ARE INCLUDED IN THE ANNUAL BUDGET WHICH IS APPROVED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XII, LINE 2C: | MERIT AMERICA'S FINANCE COMMITTEE IS ALSO THE AUDIT COMMITTEE AND ASSUMES RESPONSIBILITY OF THE AUDIT AND PERIODIC REVIEW OF FINANCIAL STATEMENTS. THIS COMMITTEE WAS INVOLVED IN THE DECISION TO HIRE AN OUTSIDE AUDIT FIRM AND AN INDEPENDENT ACCOUNTANT IN 2020. A CONTROLLER FOR THE ORGANIZATION WAS HIRED IN MARCH 2021. THIS POSITION IS RESPONSIBLE FOR ALL FINANCIAL STATEMENTS FOR THE ORGANIZATION AND IS RESPONSIBLE FOR WORKING WITH THE AUDITORS THROUGHOUT THE YEAR IN PREPARATION OF AND FOR THE COMPLETION OF THE FINANCIAL AUDIT AND FORM 990. A CHIEF EXECUTIVE OFFICER WAS HIRED IN 2023 AS PART OF THE FINANCE TEAM AND IS RESPONSIBLE FOR REVIEWING AND APPROVING THE FINANCIAL STATEMENTS EACH MONTH. |
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