MERIT AMERICA: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- MERIT AMERICA (EIN 84-2108762)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-12
- IRS object ID
- 202503169349309415
- Schema version
- 2024v5.2
- 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 | 2025-11-12T20:36:31-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390859910 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER TILLY ADVISORY GROUP LP | 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 | 2024-01-01 | 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 | 2025-11-12 | 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 | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | 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 | $61,425,877 | 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 | 6 | VotingMembersIndependentCnt |
| Total Employee | 248 | TotalEmployeeCnt |
| Total Volunteers | 6 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $29,039,821 | PYContributionsGrantsAmt |
| CY Contributions Grants | $46,063,888 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $13,667,249 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $14,345,608 | CYProgramServiceRevenueAmt |
| PY Investment Income | $507,492 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,014,887 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $1,494 | CYOtherRevenueAmt |
| PY Total Revenue | $43,214,562 | PYTotalRevenueAmt |
| CY Total Revenue | $61,425,877 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $148,320 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $530,624 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $23,472,738 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $30,175,529 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,262,129 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $12,597,784 | PYOtherExpensesAmt |
| CY Other Expenses | $20,248,092 | CYOtherExpensesAmt |
| PY Total Expenses | $36,218,842 | PYTotalExpensesAmt |
| CY Total Expenses | $50,954,245 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $6,995,720 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $10,471,632 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $30,452,510 | TotalAssetsBOYAmt |
| Total Assets EOY | $43,053,154 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $9,709,381 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $11,866,741 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $20,743,129 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $31,186,413 | 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 | $47,296,713 | ExpenseAmt |
| Grant | $530,624 | GrantAmt |
| Revenue | $14,347,102 | RevenueAmt |
| Desc | IN 2024, MERIT AMERICA FOCUSED ON REFINING OUR PROVEN "TECH+ TOUCH" MODEL, BLENDING FLEXIBLE ONLINE LEARNING WITH WORLD-CLASS COACHING TO DELIVER TRANSFORMATIVE RESULTS AT SCALE. FUELED BY OUR MISSION TO BUILD A PATHWAY TO THE MIDDLE CLASS FOR THE 53 MILLION AMERICANS STUCK IN LOW-WAGE WORK, WE ALSO EXPANDED INTO NEW FIELDS BEYOND TECHNOLOGY, PROVING THAT OUR APPROACH WORKS ACROSS MULTIPLE IN-DEMAND CAREERS WHILE LAYING THE GROUNDWORK FOR OUR NEXT CHAPTER OF GROWTH.SINCE OUR FIRST 15-PERSON PILOT IN 2018, MERIT AMERICA HAS SCALED DRAMATICALLY. IN APRIL 2024, THE ORGANIZATION SURPASSED 10,000 LEARNERS SERVED AND CLOSED THE YEAR WITH MORE THAN 14,000, REFLECTING BOTH STRONG DEMAND FOR OUR PROGRAM AND OUR ABILITY TO SCALE RESPONSIBLY.OUR LONGITUDINAL RESEARCH PARTNERSHIP WITH THE UNIVERSITY OF VIRGINIA CONFIRMS THAT OUR MODEL CONTINUES TO DELIVER STRONG RESULTS AT SCALE. ON AVERAGE, ALUMNI EXPERIENCE AN ANNUAL WAGE INCREASE OF $24,000 THREE OR MORE MONTHS POST-PROGRAM COMPLETION, NEARLY DOUBLING PRE-PROGRAM EARNINGS OF $26,000. OUR 80% COMPLETION RATE FAR OUTPACES THE SIX-YEAR NATIONAL COMMUNITY COLLEGE COMPLETION RATE OF 42%, FURTHER UNDERSCORING THE EFFECTIVENESS OF OUR MODEL.IN 2024, WE EXPANDED OUR PROGRAM OFFERINGS BY LAUNCHING CYBERSECURITY AND PROJECT MANAGEMENT CAREER TRACKS, JOINING IT SUPPORT, DATA ANALYTICS, AND UX DESIGN. THESE NEW TRACKS ADDRESS URGENT LABOR MARKET NEEDS, INCLUDING A SHORTAGE OF OVER 700,000 CYBERSECURITY PROFESSIONALS AND 200,000 PROJECT MANAGERS ANNUALLY. LOOKING AHEAD TO 2025, WE ARE PREPARING TO EXPAND OUR CAREER TRACKS BEYOND TECH, OPENING EVEN MORE PATHWAYS TO ECONOMIC MOBILITY.OUR FINANCIAL ACCESSIBILITY MODEL REMAINS A CORNERSTONE OF OUR APPROACH. THROUGH THE GOOGLE CAREER CERTIFICATES FUND, THOUSANDS OF LEARNERS HAVE ACCESSED ASCENT FUNDING'S INNOVATIVE ZERO PERCENT LOAN, WHICH REQUIRES NO UPFRONT COSTS, CHARGES 0% INTEREST, AND ONLY REQUIRES REPAYMENT WHEN LEARNERS EARN AT LEAST $40,000 ANNUALLY. IN 2024, WE ALSO FORMALIZED OUR "OPPORTUNITY FOR ALL" INITIATIVE, ENSURING PROGRAM ACCESS FOR LEARNERS WHO DO NOT QUALIFY FOR THE LOAN AND CANNOT OTHERWISE COVER THE COST OF THE PROGRAM.WE ALSO STRENGTHENED PARTNERSHIPS WITH EMPLOYERS AND FUNDERS TO BROADEN REACH AND DEEPEN IMPACT. HIGHLIGHTS INCLUDE: NEW PARTNERSHIPS WITH LYFT AND INSTACART, CONNECTING OUR PROGRAMS TO TENS OF THOUSANDS OF DRIVERS AND SHOPPERS NATIONWIDE. A $15.6M REGIONAL INVESTMENT FROM CRANKSTART FOUNDATION TO EXPAND OUR IMPACT IN THE SAN FRANCISCO BAY AREA, EXPECTED TO GENERATE $200M IN WAGE GAINS. SIGNIFICANT INVESTMENTS FROM BLUE MERIDIAN PARTNERS AND ASCENDIUM EDUCATION GROUP, PROVIDING CRITICAL FUNDING FOR THE NEXT PHASE OF OUR GROWTH.THE LAUNCH OF THE OPPORTUNITY COALITION, IN PARTNERSHIP WITH AMERICA'S FRONTIER FUND FOUNDATION AND MAJOR FUNDERS, TO ADDRESS CRITICAL WORKFORCE SHORTAGES IN FRONTIER TECHNOLOGIES, SEMICONDUCTOR MANUFACTURING, AND SUPPLY CHAIN SECTORS.AS WE REFLECT ON 2024, WE ARE PROUD OF THE TRANSFORMATIVE RESULTS WE HAVE ACHIEVED WHILE LAYING THE FOUNDATION FOR OUR NEXT PHASE OF GROWTH. WITH A STRONG TRACK RECORD, ROBUST PARTNERSHIPS, AND PROVEN OUTCOMES, MERIT AMERICA IS POISED TO SCALE TO TENS OF THOUSANDS MORE LEARNERS IN THE YEARS AHEAD - CONTINUING TO BREAK DOWN BARRIERS AND UNLOCK OPPORTUNITY ACROSS THE COUNTRY. | Desc |
| Total Program Service Expenses | $47,296,713 | 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 | 156 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 248 | 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 | 6 | 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 | AK | StatesWhereCopyOfReturnIsFldCd |
| 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 | AZ | 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 | DC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | DE | 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 | IA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | ID | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IN | 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 | MO | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MS | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MT | 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 | NE | 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 | SD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | TN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | TX | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | UT | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | VA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | VT | 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 |
| States Where Copy Of Return Is Fld | WY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | EDGAR HO | PersonNm |
| Phone | 4153000528 | 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 (14 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| CONNOR DIEMAND-YAUMAN | |||||||
| CO-FOUNDER AND CO-CEO | 40.00 | Yes (X) | Yes (X) | $532,311 | $0 | $66,855 | |
| REBECCA TABER STAEHELIN | |||||||
| CO-FOUNDER AND CO-CEO | 40.00 | Yes (X) | Yes (X) | $512,754 | $0 | $84,194 | |
| ANNE KEENAN | |||||||
| CHIEF MARKETING OFFICER | 40.00 | $291,863 | $0 | $43,976 | Yes (X) | ||
| RYAN OUELLETTE | |||||||
| CHIEF PROGRAM OFFICER | 40.00 | $273,994 | $0 | $23,919 | Yes (X) | ||
| JENNIFER MAZZON | |||||||
| CHIEF PRODUCT OFFICER | 40.00 | $252,221 | $0 | $57,031 | Yes (X) | ||
| MEGHAN CRESSMAN | |||||||
| VICE PRESIDENT, DEVELOPMENT | 40.00 | $250,045 | $0 | $42,483 | Yes (X) | ||
| LEILA MAKARECHI CHIEF | |||||||
| BUS. OFFICER/CHIEF POLICY OFFICER | 40.00 | $246,793 | $0 | $35,578 | Yes (X) | ||
| LAL JONES-BEY | |||||||
| CHIEF FINANCIAL OFFICER (THRU 8/24) | 40.00 | Yes (X) | $239,408 | $0 | $29,508 | ||
| NORMAN ATKINS | |||||||
| DIRECTOR/ BOARD CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| BYRON AUGUSTE | |||||||
| 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 | ||
| REBECCA LEVIN | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| YIN LU | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,599,389 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $383,544 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 54 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 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 | $252,000 |
| BERLIN ROSEN LLC | |||||
| 15 MAIDEN LANE | NEW YORK | NY | 10038 | MARKETING, STRATEGY, CREATIVE SERVICES | $200,310 |
| IRRATIONAL LABS LLC | |||||
| 819 51ST STREET | OAKLAND | CA | 94608 | STRATEGY CONSULTING | $200,000 |
| DAVID GUENDELMAN | |||||
| 60 OAK GROVE AVENUE | WOODACRE | CA | 94973 | FINANCE CONSULTING AND REPORTING | $163,548 |
| H EMAD ANSARI ESQ | |||||
| 244 5TH AVE | NEW YORK | NY | 10001 | LEGAL SERVICES | $120,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 6 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $46,063,888 | AllOtherContributionsAmt |
| Noncash Contributions | $4,030,000 | NoncashContributionsAmt |
| Total Contributions | $46,063,888 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TUITION REPAYMENT/PLACEMENT FEES | Desc |
| Business | 561499 | BusinessCd |
| Total Revenue Column | $14,345,608 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $14,345,608 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $14,345,608 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,014,887 | TotalRevenueColumnAmt |
| Exclusion | $1,014,887 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | HONORARIUM | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $1,494 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,494 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,494 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $61,425,877 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $14,347,102 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,014,887 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $530,624 | TotalAmt |
| Program Services | $530,624 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,465,029 | TotalAmt |
| Program Services | $1,146,616 | ProgramServicesAmt |
| Management And General | $79,190 | ManagementAndGeneralAmt |
| Fundraising | $239,223 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,233,853 | TotalAmt |
| Program Services | $20,893,344 | ProgramServicesAmt |
| Management And General | $631,776 | ManagementAndGeneralAmt |
| Fundraising | $708,733 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $677,886 | TotalAmt |
| Program Services | $630,434 | ProgramServicesAmt |
| Management And General | $20,337 | ManagementAndGeneralAmt |
| Fundraising | $27,115 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,989,305 | TotalAmt |
| Program Services | $3,710,054 | ProgramServicesAmt |
| Management And General | $119,679 | ManagementAndGeneralAmt |
| Fundraising | $159,572 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,809,456 | TotalAmt |
| Program Services | $1,682,794 | ProgramServicesAmt |
| Management And General | $54,284 | ManagementAndGeneralAmt |
| Fundraising | $72,378 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $170,378 | TotalAmt |
| Management And General | $170,378 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $222,251 | TotalAmt |
| Program Services | $206,693 | ProgramServicesAmt |
| Management And General | $6,668 | ManagementAndGeneralAmt |
| Fundraising | $8,890 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,759 | TotalAmt |
| Management And General | $20,759 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,287,874 | TotalAmt |
| Program Services | $2,935,247 | ProgramServicesAmt |
| Management And General | $320,850 | ManagementAndGeneralAmt |
| Fundraising | $31,777 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,034,871 | TotalAmt |
| Program Services | $14,034,871 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $329,704 | TotalAmt |
| Program Services | $219,687 | ProgramServicesAmt |
| Management And General | $100,568 | ManagementAndGeneralAmt |
| Fundraising | $9,449 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,097,513 | TotalAmt |
| Program Services | $1,097,513 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,554 | TotalAmt |
| Program Services | $7,025 | ProgramServicesAmt |
| Management And General | $227 | ManagementAndGeneralAmt |
| Fundraising | $302 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $117,243 | TotalAmt |
| Program Services | $109,036 | ProgramServicesAmt |
| Management And General | $3,517 | ManagementAndGeneralAmt |
| Fundraising | $4,690 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $538,917 | TotalAmt |
| Management And General | $538,917 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $196,666 | TotalAmt |
| Management And General | $196,666 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,724 | TotalAmt |
| Management And General | $39,724 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $91,863 | TotalAmt |
| Management And General | $91,863 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CURRICULUM | Desc |
| Total | $92,775 | TotalAmt |
| Program Services | $92,775 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,954,245 | TotalAmt |
| Program Services | $47,296,713 | ProgramServicesAmt |
| Management And General | $2,395,403 | ManagementAndGeneralAmt |
| Fundraising | $1,262,129 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,604,341 | BOYAmt |
| EOY | $41,323,646 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $143,469 | BOYAmt |
| EOY | $215,000 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $233,146 | BOYAmt |
| EOY | $146,920 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $702,245 | BOYAmt |
| EOY | $657,122 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $705,731 | BOYAmt |
| EOY | $686,612 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $150,194 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $126,340 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,578 | BOYAmt |
| EOY | $23,854 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,452,510 | BOYAmt |
| EOY | $43,053,154 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,805,174 | BOYAmt |
| EOY | $2,291,626 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,222,123 | BOYAmt |
| EOY | $2,463,219 | 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 | $182,084 | BOYAmt |
| EOY | $611,896 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,709,381 | BOYAmt |
| EOY | $11,866,741 | 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 | $20,373,065 | BOYAmt |
| EOY | $23,288,567 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $370,064 | BOYAmt |
| EOY | $7,897,846 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,743,129 | BOYAmt |
| EOY | $31,186,413 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,452,510 | BOYAmt |
| EOY | $43,053,154 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $10,471,632 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$28,348 | 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 | $5,498,057 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $9,566,655 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $19,666,880 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $29,039,821 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $46,063,888 | CurrentTaxYearAmt |
| Total | $109,835,301 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,498,057 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $9,566,655 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $19,666,880 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $29,039,821 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $46,063,888 | CurrentTaxYearAmt |
| Total | $109,835,301 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $28,910,515 | SubstantialContributorsTotAmt |
| Public Support Total170 | $80,924,786 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,499 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,528 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $650 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $507,492 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,014,887 | CurrentTaxYearAmt |
| Total | $1,528,056 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $1,494 | CurrentTaxYearAmt |
| Total | $1,494 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $111,364,851 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $39,331,327 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.72670 | PublicSupportCY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | HONORARIUM PAYMENT - 2024 AMOUNT: $ 1,494. | ExplanationTxt |
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 | $126,340 | DepreciationAmt |
| Book Value | $23,854 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $23,854 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| BREX | $304,062 |
| 457B CONTRIBUTION PAYABLE | $174,501 |
| INTEREST PAYABLE | $133,333 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $611,896 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $61,405,118 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | -$20,759 | OtherRevenueAmt |
| Revenue Not Reported | -$20,759 | RevenueNotReportedAmt |
| Revenue Subtotal | $61,425,877 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $61,425,877 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $50,961,834 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $28,348 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $28,348 | ExpensesNotReportedAmt |
| Expenses Subtotal | $50,933,486 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $20,759 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $20,759 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $50,954,245 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | 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, 2024 AND 2023, NO PROVISION FOR UNRELATED BUSINESS INCOME TAXES IS REQUIRED. THE ORGANIZATION HAS NO UNRECOGNIZED TAX BENEFITS OR LIABILITIES AS OF DECEMBER 31, 2024 AND 2023. THE ORGANIZATION, UNDER THE PROVISIONS OF FASB ASC TOPIC 740, INCOME TAXES, HAD NO UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL AS OF DECEMBER 31, 2024 AND 2023. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | INVESTMENT MANGEMENT FEES -20,759. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | BAD DEBT EXPENSE 28,348. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | INVESTMENT MANGEMENT FEES 20,759. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (3 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc | Cash GrantCashGrantAmt |
|---|---|---|---|---|---|
| LEARNER SUPPORT | 2312 | $360,928 | FMV | LAPTOPS | |
| LEARNER SUPPORT | 219 | $108,500 | |||
| LEARNER SUPPORT | 3297 | $61,196 | FMV | GIFT CARDS |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE PROGRAM TEAM HAS A PROCESS FOR APPROVING MICROGRANTS (CASH), GIFT CARDS, AND LAPTOPS FOR LEARNERS. THE LEARNER COMPLETES AN APPLICATION FOR THE GRANT OR LAPTOP, AND THE PROGRAM TEAM CAREFULLY EXAMINES THE APPLICATION AND EITHER APPROVES OR REJECTS THE REQUEST BASED ON NEED AND CRITERIA. IF THE LEARNER IS GRANTED A MICROGRANT (CASH), AN ACH PAYMENT IS SENT TO THE LEARNER'S CHECKING ACCOUNT FOR THE APPROVED AMOUNT. FOR LAPTOPS, IN GENERAL, IF A LEARNER IS ENROLLED IN THE COURSE AND DOES NOT HAVE ACCESS TO A COMPUTER, THE LEARNER IS GRANTED A LAPTOP. A LOG OF LEARNERS IS KEPT FOR BOTH MICROGRANTS AND LAPTOPS. | 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 | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | Yes (1) | 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 (8 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 | $400,703 | $0 | $131,608 | $0 | $0 | $0 | $47,185 | $0 | $19,670 | $0 | $599,166 | $0 | $0 | $0 |
| REBECCA TABER STAEHELIN | ||||||||||||||
| CO-FOUNDER AND CO-CEO | $381,146 | $0 | $131,608 | $0 | $0 | $0 | $47,185 | $0 | $37,009 | $0 | $596,948 | $0 | $0 | $0 |
| ANNE KEENAN | ||||||||||||||
| CHIEF MARKETING OFFICER | $266,645 | $0 | $25,218 | $0 | $0 | $0 | $9,004 | $0 | $34,972 | $0 | $335,839 | $0 | $0 | $0 |
| RYAN OUELLETTE | ||||||||||||||
| CHIEF PROGRAM OFFICER | $247,873 | $0 | $26,121 | $0 | $0 | $0 | $8,176 | $0 | $15,743 | $0 | $297,913 | $0 | $0 | $0 |
| JENNIFER MAZZON | ||||||||||||||
| CHIEF PRODUCT OFFICER | $252,221 | $0 | $0 | $0 | $0 | $0 | $7,846 | $0 | $49,185 | $0 | $309,252 | $0 | $0 | $0 |
| MEGHAN CRESSMAN | ||||||||||||||
| VICE PRESIDENT, DEVELOPMENT | $200,045 | $0 | $50,000 | $0 | $0 | $0 | $7,789 | $0 | $34,694 | $0 | $292,528 | $0 | $0 | $0 |
| LEILA MAKARECHI CHIEF | ||||||||||||||
| BUS. OFFICER/CHIEF POLICY OFFICER | $205,810 | $0 | $40,983 | $0 | $0 | $0 | $7,504 | $0 | $28,074 | $0 | $282,371 | $0 | $0 | $0 |
| LAL JONES-BEY | ||||||||||||||
| CHIEF FINANCIAL OFFICER (THRU 8/24) | $202,163 | $0 | $0 | $0 | $37,245 | $0 | $6,119 | $0 | $23,389 | $0 | $268,916 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 4A | ONE INDIVIDUAL REPORTED ON PART VII RECEIVED A SEVERANCE PAYMENT IN 2024. DETAILS ARE AVAILABLE UPON REQUEST. |
| PART I, LINE 5 | EXECUTIVE BONUSES ARE ACCRUED AT THE END OF EACH YEAR BASED ON REVENUE AND PERFORMANCE IN ACCORDANCE WITH EMPLOYMENT CONTRACTS. |
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 ADVERTISEMENTS | 1 | $4,000,000 | 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 (6 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 XI, LINE 9: | BAD DEBT EXPENSE -28,348. |
| 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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