Reaching Out MBA, INC. Focuses on educating, inspiring, and connecting the student and alumni lgbtq MBA and graduate communities in an ongoing effort to create the next generation of Out business leaders.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$437K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $280K a year · 14% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$437K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $2.4M in investments, Pt X · Ln 11–13
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $30K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$111K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.2M
+58% vs prior year
Spent
$2.7M
To programs
77%
Net assets
$2.9M
By yearFY2020–FY2025
Revenue
$2.2M
FY2024▲ +58%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$1.8M
FY2022$1.8M
FY2023$2.4M
FY2023$1.4M
FY2024$2.2M
FY2025$2.2M
Expenses
$2.7M
FY2024▲ +51%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.4M
FY2021$852K
FY2022$1.3M
FY2023$2.1M
FY2023$1.8M
FY2024$2.7M
FY2025$2.1M
Net assets
$2.9M
FY2024▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8M
FY2021$2.9M
FY2022$3.1M
FY2023$3.5M
FY2023$3.2M
FY2024$2.9M
FY2025$3.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2004.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $2.1M Management & general 14% · $368K Fundraising 10% · $259K

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

Something off? Claim to add context

Who runs it and what they're paid

17 people listed on the 990; $437K paid to officers and key staff.

Part VII, Section A · reportable compensation
Former Executive Director
$223,039Pt VII · Sec A
Director of Development
$142,464Pt VII · Sec A
Executive Director
$71,876Pt VII · Sec A
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Karyn M Skultety’s $237K as Executive Director is at the 87th percentile of top reported officer pay among 797 $1–10M civil rights & advocacy nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2023FY2022FY2021
Karyn M Skultety$237,130—————
Michael a Currie—$223,039$172,760$197,950$176,418—
Aidan Currie—————$168,480
Demetri Alexander Moshoyannis$128,327$142,464————
Paul Thaler—————$119,113
Karyn Skultety—$71,876————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Reaching Out MBA INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Empowering LGBTQ MBA and graduate students and alumni to become future business leaders.

Questions for Reaching Out MBA INC

Tap to ask. Reaching Out MBA INC sees how many people are interested.

Your first name shows with your question. Reaching Out MBA INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $2.1M · in their own filed words · FY2024
01

Reaching out mba's mission is to increase the influence of the LGBTQ community in business by educating, inspiring, and connecting mba students and alumni. Each year romba holds an annual conference, runs a fellowship program, holds an out women in business conference for LGBTQ women and holds an annual LGBTQ mba club leadership summit.

$2.1Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 3 funders →
Grants paid · 2 grants · $37K · 2024–2025
Unitemized GrantFY2025$18,750
Unitemized GrantFY2024$18,250

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.2M
Ln 12
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$1.0M
Investment incomeLn 3$85K
Money outPt IX
$2.7M
Ln 25
Programscol B$2.1M
Managementcol C$368K
Fundraisingcol D$259K
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$506K
Total assetsLn 16$3.0M
LiabilitiesLn 26$111K
PeoplePt VI, VII
17
listed · VII A
PaidVII A3
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Noncash giftsLn 1g$21K
Fees for servicesLn 2g$1.0M
Investment incomeLn 3$85K
Other incomeLn 4–11$9K
Gains on assetsLn 7$10K
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$238K
SavingsLn 2$269K
Cash and savings togetherLn 1–2$506K
InvestmentsLn 11–13$2.4M
Land, buildings, equipmentLn 10c$989
Total assetsLn 16$3.0M
LiabilitiesLn 26$111K
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 56
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$937K$506K
InvestmentsLn 11–13$2.1M$2.4M
Land, buildings, equipmentLn 10c$2K$989
Total assetsLn 16$3.3M$3.0M
LiabilitiesLn 26$74K$111K
Net assetsLn 32$3.2M$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$18K$18K
Pay of current officers, directors and key staffLn 5$301K$150K$90K$60K
Other salaries and wagesLn 7$349K$183K$27K$139K
Pension plan contributionsLn 8$11K$6K$1K$4K
Other employee benefitsLn 9$16K$8K$3K$5K
Payroll taxesLn 10$50K$26K$9K$15K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$43K$43K
Investment management feesLn 11f$175$175
Other fees for servicesLn 11g$157K$75K$82K
Advertising and promotionLn 12$25K$14K$11K
Office expensesLn 13$106K$32K$54K$20K
TravelLn 17$50K$22K$15K$13K
Conferences, conventions and meetingsLn 19$1.5M$1.5M
Depreciation, depletion and amortizationLn 22$706$362$126$218
InsuranceLn 23$8K$4K$1K$3K
Other expenses (24a–d)Ln 24$26K$26K
Total functional expensesLn 25$2.7M$2.1M$368K$259K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.2M$2.1M$84K$3.0M 990 PDF
FY2024 Viewing $2.2M$2.7M−$511K$2.9M 990 PDF
FY2023 $2.4M$2.1M$283K$3.5M 990 PDF
FY2022 $1.8M$1.3M$462K$3.1M 990 PDF
FY2021 $1.8M$852K$951K$2.9M 990 PDF
FY2020 $1.8M$1.4M$411K$1.8M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $2,201,374 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $839,842$1,073,157
I-9 Program service revenuePrior year $517,380$1,035,046
I-10 Investment incomePrior year $38,986$84,611
I-11 Other revenuePrior year $0$8,560
I-12 Total revenuePrior year $1,396,208$2,201,374
I-13 Grants and similar amounts paidPrior year $0$18,250
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $318,173$725,861
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,482,768$1,967,931
I-18 Total expensesPrior year $1,800,941$2,712,042
I-19 Revenue less expensesPrior year −$404,733−$510,668
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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 $2,201,374 across 8 lines filed
VIII-1f All other contributions, gifts and grants$1,073,157
VIII-1g Noncash contributions (included above)$20,699
VIII-1h Total contributions, gifts and grants$1,073,157
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,035,046$1,035,046
VIII-3 Investment incomeExcluded from tax $74,366$74,366
VIII-7 Net gain or loss on sales of assetsExcluded from tax $10,245$10,245
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,560$8,560
VIII-12 Total revenueRelated to mission $1,043,606 · Unrelated business $0 · Excluded from tax $84,611$2,201,374
Part IX · Statement of functional expenses $2,712,042 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $18,250$18,250
IX-5 Pay of current officers, directors and key staffPrograms $150,355 · Management $90,213 · Fundraising $60,142$300,710
IX-7 Other salaries and wagesPrograms $182,577 · Management $26,641 · Fundraising $139,415$348,633
IX-8 Pension plan contributionsPrograms $5,556 · Management $1,210 · Fundraising $3,922$10,688
IX-9 Other employee benefitsPrograms $8,094 · Management $2,823 · Fundraising $4,866$15,783
IX-10 Payroll taxesPrograms $25,666 · Management $8,952 · Fundraising $15,429$50,047
IX-11b Legal feesManagement $5,264$5,264
IX-11c Accounting feesManagement $43,253$43,253
IX-11f Investment management feesManagement $175$175
IX-11g Other fees for servicesPrograms $74,585 · Management $82,020$156,605
IX-12 Advertising and promotionPrograms $13,884 · Management $11,180$25,064
IX-13 Office expensesPrograms $32,450 · Management $53,856 · Fundraising $19,507$105,813
IX-17 TravelPrograms $21,673 · Management $15,029 · Fundraising $13,028$49,730
IX-19 Conferences, conventions and meetingsPrograms $1,547,345$1,547,345
IX-22 Depreciation, depletion and amortizationPrograms $362 · Management $126 · Fundraising $218$706
IX-23 InsurancePrograms $4,200 · Management $1,465 · Fundraising $2,525$8,190
IX-24 Other expenses (24a–d)Management $25,786$25,786
IX-25 Total functional expensesPrograms $2,084,997 · Management $367,993 · Fundraising $259,052$2,712,042
Part X · Balance sheet $3,010,421 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $305,681$237,712
X-2 Savings and temporary cash investmentsStart of year $631,661$268,660
X-3 Pledges and grants receivableStart of year $235,241$144,380
X-9 Prepaid expenses and deferred chargesStart of year $23,698$5,000
X-10c Land, buildings and equipment, netStart of year $1,695$989
X-11 Publicly traded securitiesStart of year $2,057,143$2,353,680
X-16 Total assetsStart of year $3,255,119$3,010,421
X-17 Accounts payable and accrued expensesStart of year $46,616$37,203
X-19 Deferred revenueStart of year $27,200$74,006
X-26 Total liabilitiesStart of year $73,816$111,209
X-27 Net assets without donor restrictionsStart of year $3,001,053$2,765,218
X-28 Net assets with donor restrictionsStart of year $180,250$133,994
X-32 Total net assets or fund balancesStart of year $3,181,303$2,899,212
X-33 Total liabilities and net assetsStart of year $3,255,119$3,010,421
Part XI · Reconciliation of net assets $2,899,212 net assets at year end
XI-1 Total revenue$2,201,374
XI-2 Total expenses$2,712,042
XI-3 Revenue less expenses−$510,668
XI-4 Net assets at start of year$3,181,303
XI-5 Net unrealized gains (losses) on investments$228,577
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,899,212

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.