Micro-Society INC: FY2022 Nonprofit Profile & Form 990 (EIN 23-2637830)

Carolynn King-Richmond’s $91K as Executive Di is at the 26th percentile of top reported officer pay among 3394 $1–10M education 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 · 1 named individual · Part VII

Name	FY2024	FY2023	FY2022	FY2021	FY2020
Carolynn King-Richmond	$91,042	$95,000	$95,000	$95,000	$93,000

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 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Develops and refines educational strategies for the Microsociety Program.

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3 programs · $702K · in their own filed words · FY2022

01

Msi delivers on-site and virtual professional development to public and private schools (PREK-8), out-of-school time programs and youth development systems as well ass off-site technical support and coaching.

$345Kprogram expense

02

Msi Is Currently Developing Two Digital Tools

1) microsociety 2.0, a customizable web portal that utilizes google technologies and a digital financial system created by custom software that our schools will be able to use to take their microsocieties online, and 2) the microeconomy game, a 3d online game that teaches math and advances career readiness.

$313Kprogram expense

03

A microsociety school puts learning theory into practice. It connects real-world experiences with basic curriculum and aligns to the common core standards. Students apply what they learn in the classroom to real life, and teachers and principals make learning relevant so students want to be in school and succeed there.

$44Kprogram 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 · FY2024

Christy and John Mack FoundationFY2024$182K

Massachusetts Higher Education Assistance CorporationFY2024$122K

Tisbest PhilanthropyFY2024$100K

Jewish Communal FundFY2024$90K

Fidelity Investments Charitable Gift FundFY2024$15K

Network for Good INCFY2024$6K

Total grants receivedfrom 6 funders$515K

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By the numbers

The FY2022 990, line by line.

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1The main four

Money inPt VIII

$805K

Ln 12

Gifts and grantsLn 1h$771K

Other incomeLn 4–11$30K

Fees for servicesLn 2g$4K

Money outPt IX

$827K

Ln 25

Programscol B$740K

Managementcol C$69K

Fundraisingcol D$18K

Owns and owesPt X

$154K

net assets · Ln 32

Cash and savingsLn 1–2$177K

Total assetsLn 16$469K

LiabilitiesLn 26$316K

PeoplePt VI, VII

5

listed · VII A

PaidVII A1

Voting boardVI 1a5

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$771K

Government grantsLn 1e$235K

Fees for servicesLn 2g$4K

Investment incomeLn 3$66

Other incomeLn 4–11$30K

Total revenueLn 12$805K

Assets in detailPt X, end of year

CashLn 1$177K

Cash and savings togetherLn 1–2$177K

Total assetsLn 16$469K

LiabilitiesLn 26$316K

Net assetsLn 32$154K

OperationsPt I, VI

EmployeesI 56

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$376K	$177K
Total assetsLn 16	$499K	$469K
LiabilitiesLn 26	$303K	$316K
Net assetsLn 32	$196K	$154K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$95K	$82K	$10K	$3K
Other salaries and wagesLn 7	$212K	$194K	$11K	$7K
Other employee benefitsLn 9	$48K	$44K	$3K	$2K
Payroll taxesLn 10	$25K	$23K	$2K	$792
Legal feesLn 11b	$21K	$6K	$15K
Accounting feesLn 11c	$16K	$6K	$10K
Other fees for servicesLn 11g	$12K	$12K
Office expensesLn 13	$74K	$66K	$6K	$2K
Information technologyLn 14	$9K	$8K	$640	$294
OccupancyLn 16	$2K	$1K	$111	$50
TravelLn 17	$27K	$24K	$2K	$850
Conferences, conventions and meetingsLn 19	$24K	$21K	$2K	$752
InterestLn 20	$4K		$4K
Depreciation, depletion and amortizationLn 22	$1K		$1K
InsuranceLn 23	$9K	$8K	$623	$287
Other expenses (24a–d)Ln 24	$242K	$240K	$2K	$872
All other expensesLn 24e	$5K	$4K	$312	$144
Total functional expensesLn 25	$827K	$740K	$69K	$18K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$1.6M	$1.1M	$450K	$281K	990 PDF
FY2023	$725K	$1.0M	−$319K	−$186K	990 PDF
FY2022 Viewing	$805K	$827K	−$21K	$154K	990 PDF
FY2021	$808K	$599K	$209K	$196K	990 PDF
FY2020	$585K	$476K	$108K	−$13K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2022 990 (6 parts)

Part I · Summary $805,210 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $798,745$770,564

I-9 Program service revenuePrior year $9,205$4,473

I-10 Investment incomePrior year $55$66

I-11 Other revenue$30,107

I-12 Total revenuePrior year $808,005$805,210

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $326,693$380,067

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $272,048$446,474

I-18 Total expensesPrior year $598,741$826,541

I-19 Revenue less expensesPrior year $209,264−$21,331

Part VI · Governance 4 of 5 board members independent, 2 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members4

VI-2 Family or business relationship among officers or directorsYes

VI-14 Document retention and destruction policyNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $805,210 across 7 lines filed

VIII-1e Government grants$234,730

VIII-1f All other contributions, gifts and grants$535,834

VIII-1h Total contributions, gifts and grants$770,564

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,473$4,473

VIII-3 Investment incomeRelated to mission $66$66

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $30,107$30,107

VIII-12 Total revenueRelated to mission $34,646$805,210

Part IX · Statement of functional expenses $826,541 across 17 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $82,000 · Management $10,000 · Fundraising $3,000$95,000

IX-7 Other salaries and wagesPrograms $193,897 · Management $10,999 · Fundraising $6,656$211,552

IX-9 Other employee benefitsPrograms $43,527 · Management $3,313 · Fundraising $1,523$48,363

IX-10 Payroll taxesPrograms $22,637 · Management $1,723 · Fundraising $792$25,152

IX-11b Legal feesPrograms $5,726 · Management $15,000$20,726

IX-11c Accounting feesPrograms $5,725 · Management $9,939$15,664

IX-11g Other fees for servicesPrograms $12,000$12,000

IX-13 Office expensesPrograms $66,380 · Management $5,778 · Fundraising $2,323$74,481

IX-14 Information technologyPrograms $8,410 · Management $640 · Fundraising $294$9,344

IX-16 OccupancyPrograms $1,439 · Management $111 · Fundraising $50$1,600

IX-17 TravelPrograms $24,298 · Management $1,850 · Fundraising $850$26,998

IX-19 Conferences, conventions and meetingsPrograms $21,483 · Management $1,636 · Fundraising $752$23,871

IX-20 InterestManagement $4,493$4,493

IX-22 Depreciation, depletion and amortizationManagement $1,166$1,166

IX-23 InsurancePrograms $8,198 · Management $623 · Fundraising $287$9,108

IX-24 Other expenses (24a–d)Programs $239,684 · Management $1,898 · Fundraising $872$242,454

IX-24e All other expensesPrograms $4,113 · Management $312 · Fundraising $144$4,569

IX-25 Total functional expensesPrograms $739,517 · Management $69,481 · Fundraising $17,543$826,541

Part X · Balance sheet $469,433 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $375,617$177,295

X-3 Pledges and grants receivable$250,000

X-4 Accounts receivableStart of year $123,255$41,911

X-9 Prepaid expenses and deferred chargesStart of year $227$227

X-16 Total assetsStart of year $499,174$469,433

X-17 Accounts payable and accrued expensesStart of year $26,766$52,619

X-19 Deferred revenueStart of year $51,345$39,105

X-24 Unsecured notes and loans payableStart of year $225,200$224,196

X-26 Total liabilitiesStart of year $303,311$315,920

X-27 Net assets without donor restrictionsStart of year $195,863−$96,487

X-28 Net assets with donor restrictions$250,000

X-32 Total net assets or fund balancesStart of year $195,863$153,513

X-33 Total liabilities and net assetsStart of year $499,174$469,433

Part XI · Reconciliation of net assets $153,513 net assets at year end

XI-1 Total revenue$805,210

XI-2 Total expenses$826,541

XI-3 Revenue less expenses−$21,331

XI-4 Net assets at start of year$195,863

XI-8 Prior period adjustments−$21,019

XI-10 Net assets at end of year$153,513

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Micro-Society INC FY2022 filing

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