Career Collaborative INC FY2020 filing

Boston, MAUnknown exempt organization EIN 04-3402682Revenue $326K in FY2020

On file with the IRScareercollaborative.org100 Summer Street · Boston, MA

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Career Collaborative teaches unemployed and under-employed adults with low-income jobs how to build careers that change lives and strengthen families.

47¢ of each $1 spent went to programs.
$119K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $118K a year · 62% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
47%
of spending
Concern: 47% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$119K
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$45K
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$326K
Spent
$422K
To programs
47%
Net assets
$139K
By yearFY2020–FY2021
Revenue
$326K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$326K
FY2021$54K
Expenses
$422K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$422K
FY2021$193K
Net assets
$139K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$139K
FY2021$0

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

47 cents of each dollar spent went to programs.

Program services 47% · $198K Management & general 23% · $99K Fundraising 30% · $125K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $119K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$69,868Pt VII · Sec A
Director/for
$49,566Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Career Collaborative INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps low-income adults build careers for better lives and stronger families.

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Provided by the organization

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1 program · $198K · in their own filed words · FY2020
01

To teach unemployed and under-employed adults with low-income jobs how to build careers.

$198Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$5

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$326K
Ln 12
Gifts and grantsLn 1h$330K
Money outPt IX
$422K
Ln 25
Programscol B$198K
Managementcol C$99K
Fundraisingcol D$125K
Owns and owesPt X
$139K
net assets · Ln 32
Cash and savingsLn 1–2$173K
Total assetsLn 16$185K
LiabilitiesLn 26$45K
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$330K
Government grantsLn 1e$7K
Gains on assetsLn 7−$3K
Total revenueLn 12$326K
Assets in detailPt X, end of year
CashLn 1$173K
Cash and savings togetherLn 1–2$173K
Total assetsLn 16$185K
LiabilitiesLn 26$45K
Net assetsLn 32$139K
OperationsPt I, VI
EmployeesI 57
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$192K$173K
Total assetsLn 16$261K$185K
LiabilitiesLn 26$25K$45K
Net assetsLn 32$236K$139K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$129K$47K$32K$50K
Other salaries and wagesLn 7$114K$107K$6K
Pension plan contributionsLn 8$915$747$168
Other employee benefitsLn 9$7K$7K$518$117
Payroll taxesLn 10$25K$16K$4K$5K
Legal feesLn 11b$750$750
Accounting feesLn 11c$23K$23K
Other fees for servicesLn 11g$72K$350$4K$68K
Office expensesLn 13$462$357$46$59
OccupancyLn 16$15K$13K$293$1K
TravelLn 17$1K$262$698$87
Depreciation, depletion and amortizationLn 22$1K$1K$53$88
InsuranceLn 23$6K$4K$756$341
Other expenses (24a–d)Ln 24$27K$26K$349
All other expensesLn 24e$129$117$3$9
Total functional expensesLn 25$422K$198K$99K$125K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $54K$193K−$139K$0 990 PDF
FY2020 Viewing $326K$422K−$96K$139K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $326,093 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $672,225$329,553
I-9 Program service revenue$0
I-10 Investment income−$3,460
I-11 Other revenue$0
I-12 Total revenuePrior year $672,225$326,093
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $489,890$276,074
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $361,260$146,295
I-18 Total expensesPrior year $851,150$422,369
I-19 Revenue less expensesPrior year −$178,925−$96,276
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $326,093 across 5 lines filed
VIII-1e Government grants$7,000
VIII-1f All other contributions, gifts and grants$322,553
VIII-1h Total contributions, gifts and grants$329,553
VIII-7 Net gain or loss on sales of assetsRelated to mission −$3,460−$3,460
VIII-12 Total revenueRelated to mission −$3,460$326,093
Part IX · Statement of functional expenses $422,369 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $46,742 · Management $31,686 · Fundraising $50,478$128,906
IX-7 Other salaries and wagesPrograms $107,456 · Management $6,284$113,740
IX-8 Pension plan contributionsPrograms $747 · Management $168$915
IX-9 Other employee benefitsPrograms $6,693 · Management $518 · Fundraising $117$7,328
IX-10 Payroll taxesPrograms $16,226 · Management $3,880 · Fundraising $5,079$25,185
IX-11b Legal feesManagement $750$750
IX-11c Accounting feesManagement $23,273$23,273
IX-11g Other fees for servicesPrograms $350 · Management $4,128 · Fundraising $67,810$72,288
IX-13 Office expensesPrograms $357 · Management $46 · Fundraising $59$462
IX-16 OccupancyPrograms $13,331 · Management $293 · Fundraising $1,026$14,650
IX-17 TravelPrograms $262 · Management $698 · Fundraising $87$1,047
IX-22 Depreciation, depletion and amortizationPrograms $1,198 · Management $53 · Fundraising $88$1,339
IX-23 InsurancePrograms $4,439 · Management $756 · Fundraising $341$5,536
IX-24 Other expenses (24a–d)Management $26,472 · Fundraising $349$26,821
IX-24e All other expensesPrograms $117 · Management $3 · Fundraising $9$129
IX-25 Total functional expensesPrograms $197,918 · Management $99,008 · Fundraising $125,443$422,369
Part X · Balance sheet $184,759 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $192,146$173,496
X-4 Accounts receivableStart of year $17,985$7,059
X-9 Prepaid expenses and deferred chargesStart of year $15,196$4,204
X-16 Total assetsStart of year $260,626$184,759
X-17 Accounts payable and accrued expensesStart of year $25,041$5,537
X-25 Other liabilities$39,913
X-26 Total liabilitiesStart of year $25,041$45,450
X-27 Net assets without donor restrictionsStart of year $204,203$123,427
X-28 Net assets with donor restrictionsStart of year $31,382$15,882
X-32 Total net assets or fund balancesStart of year $235,585$139,309
X-33 Total liabilities and net assetsStart of year $260,626$184,759
Part XI · Reconciliation of net assets $139,309 net assets at year end
XI-1 Total revenue$326,093
XI-2 Total expenses$422,369
XI-3 Revenue less expenses−$96,276
XI-4 Net assets at start of year$235,585
XI-10 Net assets at end of year$139,309

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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