Icouldbe Org INC

Brooklyn, NY · Public charity (501(c)(3)) · Since 2000 · Employment

✓ Tax-deductible
Revenue
$538K
-61% vs prior year
Spent
$948K
To programs
80%
Net assets
$357K
By yearFY2020–FY2024
Revenue
$538K
FY2024▼ -61%
Revenue by fiscal year
FY2020$637K
FY2021$688K
FY2022$1.1M
FY2023$983K
FY2024$1.4M
FY2024$538K
Expenses
$948K
FY2024▼ -7%
Expenses by fiscal year
FY2020$690K
FY2021$755K
FY2022$933K
FY2023$1.0M
FY2024$1.0M
FY2024$948K
Net assets
$357K
FY2024▼ -53%
Net assets by fiscal year
FY2020$286K
FY2021$223K
FY2022$415K
FY2023$394K
FY2024$767K
FY2024$357K

From the FY2024 Form 990 · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CIcouldbe Org INC
EINHdr · item D13-4151810
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFNov 2001
Year of formationHdr · item L2000
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CBrooklyn, NY
NTEE classificationIRS BMFEmployment (J22)
WebsiteHdr · item Jwww.icouldbe.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.16 Fundraising $0.04
Program services80%$762K
Management & general16%$151K
Fundraising4%$35K
Total functional expensesLn 25$948K

Financial health

Is it on solid ground?

Program efficiency
80%
of spending reaches programs-0.5% vs prior filing year
Operating runway
1.8mo
months of highly liquid reserves at operating expense rate▼ -49% vs prior filing year
Surplus margin
-76%
revenue over expenses, this year▼ -384% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$419K
FY2024▼ -50%
Total assets by fiscal year
FY2020$423K
FY2021$506K
FY2022$479K
FY2023$455K
FY2024$839K
FY2024$419K
Total liabilities
$62K
FY2024▼ -14%
Total liabilities by fiscal year
FY2020$136K
FY2021$283K
FY2022$64K
FY2023$61K
FY2024$72K
FY2024$62K
Revenue less expensesPt I · Ln 19−$410K
Total assetsPt X · Ln 16$419K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Balance Sheet

Part X · end of year
CashLn 1$140K
Total assetsLn 16$419K
Total liabilitiesLn 26$62K
Total net assetsLn 32$357K
Months of cash on handcomputed1.8

Statement of Revenue

Part VIII
Contributions & grants$481K · 89%
Program service revenue$50K · 9%
Other revenue$7K · 1%
Contributions & grants89%$481K
Program service revenue9%$50K
Other revenue1%$7K
Investment income$400
— government grantsLn 1e$303K
Total revenueLn 12$538K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $140K · Operating expenses/yr $948K
1.8 months
Where the money goes
Program services
Program services $762K · Total expenses $948K
80%
Management & General
Management & general $151K · Total expenses $948K
16%
Fundraising
Fundraising $35K · Total expenses $948K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $37K · Solicited contributions (3-yr avg) $699K
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $481K · Total revenue $538K
89%
Government reliance
Government grants $303K · Total revenue $538K
56%
Earned-income share
Program service revenue $50K · Total revenue $538K
9%
Investment reliance
Investment income $400 · Total revenue $538K
+0.07%
Program self-sufficiency
Program service revenue $50K · Total expenses $948K
5%
Growth & trend
Revenue growth (YoY)
This year $538K · Prior year $1.4M
-61%
Revenue CAGR
FY2019 $637K · FY2024 $538K
-3%
Net-asset trend (YoY)
End of year $357K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $538K · Expenses $948K
-76%
Liabilities-to-Assets
Total liabilities — · Total assets $419K
—
Net-asset ratio
Net assets $357K · Total assets $419K
85%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $419K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Catherine Schrauth · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $150K · Total expenses $948K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $702K · Total expenses $948K
74%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 80%——
Overhead ratio 16%——
Fundraising cost ratio 7%——
Revenue growth -61%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$149,500Pt VII · Sec A
Chief Operating Officer
$139,600Pt VII · Sec A
Associate Executive Direct
$119,600Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Catherine Schrauth’s $150K as Executive Director is at the 95th percentile of top reported officer pay among 1216 $100K–1M employment 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 · 3 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Catherine Schrauth$149,500$156,000$153,000$113,459$97,268$96,706
Wendy Siegelman$139,600$144,800$132,400$113,475$95,546$94,994
M Michelle Derosier$119,600$124,800$120,733$96,261——

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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Governance & Policies

Part VI
  • 10Voting board membersPt VI · Ln 1a
  • 10Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Connects teens with professional mentors online to help them stay in school and plan careers.

Provided by the organization

This section is blank until Icouldbe Org INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $762K of program spending, described in the organization's own filed words · FY2024.
01

Icouldbe provides high school students with an online community of professional mentors, empowering teens to thrive in school, plan for future careers, and achieve in life. Since 2000, icouldbe has connected more than 28,000 students across under-resourced communities with caring adult professionals through a structured virtual mentoring…

$762Kprogram expense

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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 · FY2024
See all 5 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $1.4M$1.0M+41% 990 PDF
FY2023 $983K$1.0M-13% 990 PDF
FY2022 $1.1M$933K+64% 990 PDF
FY2021 $688K$755K+8% 990 PDF
FY2020 $637K$690K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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