2024-11-15T14:21:52-06:00 2023-12-31 582487348 Aprio Advisory Group LLC 111 Rockville Pike Suite 600 Rockville MD 20850 990 2023-01-01 833914379 National Education Equity Lab Inc NATI 9178372200 648 Broadway Suite 603 New York NY 10012 Alexandra Slack President & COO 9178372200 2024-11-12 1 1 Stacy Cullen P00974308 3012316200 2024-11-12 2023 2024-10-15 13:58:12Z Alexandra Slack 648 Broadway Suite 603 New York NY 10012 5516137 0 X edequitylab.org X 2019 FL Propel economic and social mobility for students with a focus on low income and historically underserved students. 0 0 22 14 0 0 2769258 3554656 1046585 1936151 31 25330 0 0 3815874 5516137 0 53850 0 0 1683580 2523020 0 0 324293 2064956 2394401 3748536 4971271 67338 544866 2779953 3353666 752626 774651 2027327 2579015 X The mission of the organization is to forge a new kind of relationship between our nation's college and high schools rooted in the belief that while talent is evenly distributed, opportunity is not. The Organization hopes to accomplish this by enabling high school students from historically underserved communities to take actual college courses from college professors, so students can build the skills and confidence needed to apply to and thrive in college. 0 0 3959129 53850 1936151 Deliver online credit bearing courses from top colleges and universities into teacher led high school classrooms across the nation. One-on-one college mentors to help students navigate the college application, matching, and financial aid process. 3959129 1 1 0 0 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 1 22 1 0 0 0 0 0 0 0 0 0 0 0 0 X 0 0 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Jacqueline Thibault 9178372200 648 Broadway Suite 603 New York NY 10012 Leslie Cornfeld Founder & President 40.00 X X 181000 0 25 Melinda Wolfe Secretary & Treasurer 8.00 X X 0 0 0 Dr Robert Balfanz Trustee 8.00 X 0 0 0 Donald Brown Trustee 8.00 X 0 0 0 Angela Duckworth Trustee 8.00 X 0 0 0 Arne Duncan Trustee 8.00 X 0 0 0 Wayne Frederick Trustee 8.00 X 0 0 0 Steve Galbraith Trustee 8.00 X 0 0 0 Henry McCance Trustee 8.00 X 0 0 0 Jenny Rickard Trustee 8.00 X 0 0 0 Vivian Riefberg Trustee 8.00 X 0 0 0 Robert Runcie Trustee 8.00 X 0 0 0 LaVerne Srinivasan Trustee 8.00 X 0 0 0 Marian Wright Edelman Trustee 8.00 X 0 0 0 Alexandra Slack Chief Operating Officer 40.00 X 199500 0 13180 Ariel Murphy-Bedford Chief Academic Officer 40.00 X 194500 0 7664 575000 0 20869 3 0 1 0 0 3554656 3554656 Program Service Revenu 900099 1936151 1936151 1936151 25330 25330 5516137 1936151 0 25330 X 53850 53850 595869 464778 71505 59586 1615105 1259782 193813 161510 38096 29715 4571 3810 100792 78618 12095 10079 173158 135063 20779 17316 7548 7548 48620 48620 698385 485410 153891 59084 60948 10150 50798 86246 71193 15053 32582 25414 3910 3258 7524 7524 Student Enrollment Fees 1264110 1264110 Program Event Expenses 118718 20218 89010 9490 Course Delivery 48936 40395 8541 Program Supplies 19188 19188 1596 1245 191 160 4971271 3959129 687849 324293 513948 371061 1522551 2272101 709942 680867 18731 7960 14781 21677 2779953 3353666 752626 774651 752626 774651 X 822327 1574015 1205000 1005000 2027327 2579015 2779953 3353666 544866 6822 0 X X 0 1 X 1 0 X 500000 711675 2776445 2769258 3554656 10312034 500000 711675 2776445 2769258 3554656 10312034 1226128 9085906 703 31 25330 26064 10338098 3434361 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 5480709 6822 6822 5473887 42250 42250 5516137 4929021 0 4929021 42250 42250 4971271 Part X, Line 2: Uncertainty in income taxes: The Organization evaluates uncertainty in income tax positions based on a more-likely-than-not recognition standard. If that threshold is met, the tax position is then measured at the largest amount that is greater than 50% likely of being realized upon ultimate settlement. As of December 31, 2023 and 2022, there are no accruals for uncertain tax positions. If applicable, the Organization records interest and penalties as a component of income tax expense. Tax years from 2020 through the current year remain open for examination by tax authorities. Part XI, Line 4b - Other Adjustments: Scholarships 42,250. Part XII, Line 4b - Other Adjustments: Scholarships 42,250. X X X 0 0 0 0 0 0 0 0 1 0 Alexandra Slack Chief Operating Officer 178500 0 21000 0 0 0 0 0 13180 0 212680 0 0 0 Ariel Murphy-Bedford Chief Academic Officer 178500 0 16000 0 0 0 0 0 7664 0 202164 0 0 0 Leslie Cornfeld Founder & President 180000 0 1000 0 0 0 0 0 25 0 181025 0 0 0 Part I, Line 8 During the reported period, performance bonuses and commissions were provided to certain employees, as included in part II, column (b) (II) of schedule J. Form 990, Part VI, Section A, line 2 Leslie Cornfeld - Founder and CEO Form 990, Part VI, Section B, line 11b All Board members approve the Form 990 information filed. Form 990, Part VI, Section B, line 12c Conflicts of interest policy: The organization regularly and consistently monitors and enforces compliance with the conflicts of interest policy by requiring all officers, trustees, and members of senior management to complete the related parties and ethical guidelines documents annually. The completed documents are reviewed by management and the chair of the audit committee for potential conflicts. Form 990, Part VI, Section B, line 15 Comparability data and consultation with outside advisors was used to help determine compensation for senior officials/employees. This was an informal process as there were only two senior employees with salaries. Form 990, Part VI, Section C, line 18 The organization's governing documents, conflict of interest policy, form 990, form 1023, and financial statements are available upon request. Form 990, Part VI, Section C, line 19 The organization's governing documents, conflict of interest policy, form 990, and financial statements are available upon request. Form 990, Part IX, line 11g Consultants and Contractors: Program service expenses 485,410. Management and general expenses 137,278. Fundraising expenses 59,084. Total expenses 681,772. Professional Development: Program service expenses 0. Management and general expenses 16,613. Fundraising expenses 0. Total expenses 16,613. Form 990 Part XII line 2C The Process has not changed from prior year.