Compete 360: Nonprofit Profile, Financials & Form 990 (EIN 23-3030932)

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2020.

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

Where the money goes

79 cents of each dollar spent went to programs.

79%

21%

Program services 79% · $160K Management & general 21% · $43K

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

2 people listed on the 990; $115K paid to officers and key staff.

Part VII, Section A · reportable compensation

Kerry Ann Williams

Executive Director

$114,766Pt VII · Sec A

Garry Maddox

President

$0Pt VII · Sec A

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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

Teaches design thinking in city schools, empowering students and teachers through projects and competitions.

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Provided by the organization

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1 program · $160K · in their own filed words · FY2020

01

In 2020, Compete 360 worked with 57 student teams from high-poverty K-12 schools, helping teachers implement a design thinking curricula that supports students in learning and using critical thinking, collaboration, communication, and problem-solving skills to address challenges such as: how to prepare students to manage their finances…

$160Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$657

Ln 12

Gifts and grantsLn 1h$500

Investment incomeLn 3$157

Money outPt IX

$203K

Ln 25

Programscol B$160K

Managementcol C$43K

Owns and owesPt X

$207K

net assets · Ln 32

Cash and savingsLn 1–2$207K

Total assetsLn 16$207K

LiabilitiesLn 26$0

PeoplePt VI, VII

2

listed · VII A

PaidVII A1

Voting boardVI 1a1

IndependentVI 1b1

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$500

Investment incomeLn 3$157

Total revenueLn 12$657

Assets in detailPt X, end of year

CashLn 1$207K

Cash and savings togetherLn 1–2$207K

Total assetsLn 16$207K

LiabilitiesLn 26$0

Net assetsLn 32$207K

OperationsPt I, VI

EmployeesI 53

VolunteersI 635

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

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$410K	$207K
Total assetsLn 16	$414K	$207K
LiabilitiesLn 26	$5K	$0
Net assetsLn 32	$409K	$207K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$115K	$98K	$17K
Other salaries and wagesLn 7	$16K	$16K
Other employee benefitsLn 9	$7K	$6K	$1K
Payroll taxesLn 10	$10K	$9K	$1K
Legal feesLn 11b	$10K		$10K
Accounting feesLn 11c	$6K		$6K
Other fees for servicesLn 11g	$2K		$2K
Office expensesLn 13	$18K	$18K
OccupancyLn 16	$4K	$4K
TravelLn 17	$765	$765
InsuranceLn 23	$6K		$6K
Other expenses (24a–d)Ln 24	$8K	$8K
All other expensesLn 24e	$636	$636
Total functional expensesLn 25	$203K	$160K	$43K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2020 Latest Viewing	$657	$203K	−$202K	$207K	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 $657 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $25,000$500

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $311$157

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $25,311$657

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $176,073$148,310

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $83,610$54,504

I-18 Total expensesPrior year $259,683$202,814

I-19 Revenue less expensesPrior year −$234,372−$202,157

Part VI · Governance 1 of 1 board members independent, 1 to look at

VI-1a Voting members of the governing body1

VI-1b Independent voting members1

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

Part VIII · Statement of revenue $657 across 4 lines filed

VIII-1f All other contributions, gifts and grants$500

VIII-1h Total contributions, gifts and grants$500

VIII-3 Investment incomeExcluded from tax $157$157

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $157$657

Part IX · Statement of functional expenses $202,814 across 13 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $97,551 · Management $17,215$114,766

IX-7 Other salaries and wagesPrograms $16,318$16,318

IX-9 Other employee benefitsPrograms $5,936 · Management $1,048$6,984

IX-10 Payroll taxesPrograms $8,897 · Management $1,345$10,242

IX-11b Legal feesManagement $10,192$10,192

IX-11c Accounting feesManagement $5,515$5,515

IX-11g Other fees for servicesManagement $1,655$1,655

IX-13 Office expensesPrograms $17,719$17,719

IX-16 OccupancyPrograms $3,990$3,990

IX-17 TravelPrograms $765$765

IX-23 InsuranceManagement $5,712$5,712

IX-24 Other expenses (24a–d)Programs $8,320$8,320

IX-24e All other expensesPrograms $636$636

IX-25 Total functional expensesPrograms $160,132 · Management $42,682 · Fundraising $0$202,814

Part X · Balance sheet $206,899 assets, 6 lines filed

X-1 Cash, non-interest-bearingStart of year $410,067$206,899

X-16 Total assetsStart of year $413,813$206,899

X-26 Total liabilitiesStart of year $4,757$0

X-27 Net assets without donor restrictionsStart of year $409,056$206,899

X-32 Total net assets or fund balancesStart of year $409,056$206,899

X-33 Total liabilities and net assetsStart of year $413,813$206,899

Part XI · Reconciliation of net assets $206,899 net assets at year end

XI-1 Total revenue$657

XI-2 Total expenses$202,814

XI-3 Revenue less expenses−$202,157

XI-4 Net assets at start of year$409,056

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$206,899

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

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