Classroom INC

New York, NYUnknown exempt organizationEIN 13-3666846Revenue $4K in FY2023

On file with the IRSclassroominc.org123 William Street 12th Floor · New York, NY

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Classroom, INC. Helps students in high-poverty communities build literacy and leadership skills. By creating digital learning games and curriculum set in the professional world and supporting educators in creating student-centered classrooms, we invite students to take charge of their learning.Classroom, INC. Believes that when students take on the leadership role in our learning games, they read more closely, think critically, and become better problem solvers. Classroom, INC.'s research shows that students especially those struggling with literacy improve in their reading and writing achievement, find motivation in being the leader, and see the true connection between school and their future.

Run by 14 volunteers and 23 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $549K a year · 21% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
120%
of spending
Looks good: 120% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$679K
to officers and key staff · 55% of spending
Concern: pay to officers and key staff is 55% of spending; over 30%.
Pt VII · Sec A
Named funders
3
named funders · $29K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4K
-100% vs prior year
Spent
$1.2M
To programs
120%
Net assets
$0
By yearFY2020–FY2023
Revenue
$4K
FY2023▼ -100%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.8M
FY2021$3.2M
FY2022$3.2M
FY2023$4K
Expenses
$1.2M
FY2023▼ -67%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.8M
FY2021$3.7M
FY2022$3.7M
FY2023$1.2M
Net assets
$0
FY2023▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.8M
FY2021$6.3M
FY2022$3.3M
FY2023$0

From the FY2023 Form 990 (year ending August 2023) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

120 cents of each dollar spent went to programs.

Program services 120% · $1.5M Management & general 29% · $357K Fundraising 18% · $217K

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

28 people listed on the 990; $679K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Engineering (thru 12/22)
$155,130Pt VII · Sec A
Learning (thru 12/22)
$145,038Pt VII · Sec A
Partner Sites (thru 12/22)
$130,297Pt VII · Sec A
Curriculum (thru 11/22)
$125,200Pt VII · Sec A
Development (thru 8/22)
$110,358Pt VII · Sec A
Director/Consultant
$13,000Pt VII · Sec A
Director
$0Pt VII · Sec A
Director (thru 9/22)
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Christina Oliver—$211,886$206,168$180,682
Lisa Holton Former President———$187,157
Kevin Bedeau——$167,806—
Kevin Bedeau VP Digital—$163,079——
Nicholas Overton - Dir Software$155,130———
Nicholas Haynes—$144,217$147,964$129,240
Juliana Hess - Dir Research$145,038———
Margaret Ritter - Director of$130,297———

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.

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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 15aNo

Programs and updates

Develops digital games and curriculum to boost literacy and leadership skills in low-income students.

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Provided by the organization

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4 programs · $2.7M · in their own filed words · FY2022
01

On february 23, 2023, the organization applied for approval of a plan of dissolution and distribution of assets with the state of new york, which was subsequently approved by the new york attorney general on may 1, 2023. During this final short year, the organization completed its dissolution.

$1.2Mprogram expense
02

Direct Support to Partners

Read to lead, inc. Partners with schools and community-based organizations in high-poverty communities across the united states to provide turn-key curriculum and resources, along with unique workplace literacy learning game experiences, to support school day and out-of-school time learning and ENGAGEMENT.IN addition, to improve student…

$664Kprogram expense
03

Curriculum & Resources for Educators

Read to lead, inc. Creates digital learning games and curriculum set in the professional world that foster students' literacy and leadership skills and connect school to life in the workplace.

$612Kprogram expense
04

Research and Assessment

Read to lead, inc. Conducts research to assess the impact of its programs on students and to provide regular feedback that enables continuous improvement. Both internal and external evaluations have consistently shown that our programs effectively improve students' literacy, reading attitudes and behaviors, 21ST century skills, and…

$205Kprogram 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 · FY2022
Total grants receivedfrom 3 funders$29K
See all 3 funders →
Grants paid · 1 grant · $1.2M · 2022–2022

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$4K
Ln 12
Investment incomeLn 3$4K
Money outPt IX
$1.2M
Ln 25
Programscol B$1.5M
Managementcol C$357K
Fundraisingcol D$217K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
28
listed · VII A
PaidVII A6
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$4K
Total revenueLn 12$4K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 523
VolunteersI 614
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $4K$1.2M−$1.2M$0 990 PDF
FY2022 $3.2M$3.7M−$520K$3.3M 990 PDF
FY2021 $3.2M$3.7M−$479K$6.3M 990 PDF
FY2020 $3.8M$3.8M$31K$6.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (1 part)
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-15a Process for setting top official's payNo
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

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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