Asset INC FY2021 filing

Tax-deductible

Pittsburgh, PA501(c)(3)EducationEIN 25-1742923

The mission of asset stem education is to advance teaching and learning to engage, inspire, and empower all students.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
$75K 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

FY2021 · 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
1 of 6
filings with a surplus
Average deficit $136K a year · 23% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$75K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $65K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$88K
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$292K
-52% vs prior year
Spent
$553K
To programs
73%
Net assets
$132K
By yearFY2020–FY2025
Revenue
$292K
FY2021▼ -52%
Revenue by fiscal year
FY2020$602K
FY2021$292K
FY2022$814K
FY2023$596K
FY2024$685K
FY2025$609K
Expenses
$553K
FY2021▼ -53%
Expenses by fiscal year
FY2020$1.2M
FY2021$553K
FY2022$530K
FY2023$601K
FY2024$738K
FY2025$809K
Net assets
$132K
FY2021▼ -50%
Net assets by fiscal year
FY2020$265K
FY2021$132K
FY2022$415K
FY2023$410K
FY2024$358K
FY2025$220K

From the FY2021 Form 990 (year ending June 2021) · see the original

Give Claim
You’re viewing the FY2021 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 Jan 1995.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $403K Management & general 24% · $135K Fundraising 3% · $14K

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

Who runs it and what they're paid

14 people listed on the 990; $75K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$75,000Pt VII · Sec A
Vice Presdient
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Sarah Toulouse’s $129K as Executive Di is at the 92nd percentile of top reported officer pay among 1612 $100K–1M 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Sarah Toulouse$129,000$104,035$103,954$79,190$75,000$18,750
Cynthia Pulkowski—————$109,509

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 Asset INC executive salaries →

Are you one of these people? Claim this org to confirm your role

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

Advances teaching and learning to engage, inspire, and empower all students.

Provided by the organization

This section is blank until Asset INC claims this page.

Know this organization? Claim it to add your story

1 program service account for $403K of program spending, described in the organization's own filed words · FY2020.
01

Asset stem education (achieving student success through excellence in teaching) is a national education improvement nonprofit with the mission to advance teaching and learning to engage, inspire, and empower all learners.

$403Kprogram expense

Run this program? Claim this org to tell your story

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
Eqt FoundationFY2024$25K
Total grants receivedfrom 4 funders$65K
See all 4 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$292K
Ln 12
Gifts and grantsLn 1h$264K
Fees for servicesLn 2g$19K
Investment incomeLn 3$7K
Money outPt IX
$553K
Ln 25
Programscol B$403K
Managementcol C$135K
Fundraisingcol D$14K
Owns and owesPt X
$132K
net assets · Ln 32
Cash and savingsLn 1–2$196K
Total assetsLn 16$220K
LiabilitiesLn 26$88K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$264K
Government grantsLn 1e$80K
Fees for servicesLn 2g$19K
Investment incomeLn 3$7K
Other incomeLn 4–11$2K
Gains on assetsLn 7$6K
Total revenueLn 12$292K
Assets in detailPt X, end of year
CashLn 1$196K
Cash and savings togetherLn 1–2$196K
Other assetsLn 15$2K
Total assetsLn 16$220K
LiabilitiesLn 26$88K
Net assetsLn 32$132K
OperationsPt I, VI
EmployeesI 522
VolunteersI 60
Fiscal year endsHeaderJune
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
LineStart FY21End FY21
Cash and savingsLn 1–2$448K$196K
Total assetsLn 16$492K$220K
LiabilitiesLn 26$99K$88K
Net assetsLn 32$393K$132K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$75K$38K$38K
Other salaries and wagesLn 7$228K$215K$14K
Other employee benefitsLn 9$24K$18K$6K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$42K$5K$37K
Other fees for servicesLn 11g$9K$9K
Advertising and promotionLn 12$206$100$106
Office expensesLn 13$3K$2K$247
OccupancyLn 16$75K$60K$15K
Depreciation, depletion and amortizationLn 22$8K$8K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$72K$56K$16K
All other expensesLn 24e$4K$460$4K
Total functional expensesLn 25$553K$403K$135K$14K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $609K$809K−$200K$220K 990 PDF
FY2024 $685K$738K−$53K$358K 990 PDF
FY2023 $596K$601K−$5K$410K 990 PDF
FY2022 $814K$530K$283K$415K 990 PDF
FY2021 Viewing $292K$553K−$261K$132K 990 PDF
FY2020 $602K$1.2M−$581K$265K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $291,630 across 8 lines filed
VIII-1e Government grants$79,800
VIII-1f All other contributions, gifts and grants$184,427
VIII-1h Total contributions, gifts and grants$264,227
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $18,986$18,986
VIII-3 Investment incomeExcluded from tax $232$232
VIII-7 Net gain or loss on sales of assetsExcluded from tax $6,396$6,396
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,789$1,789
VIII-12 Total revenueRelated to mission $20,775 · Unrelated business $0 · Excluded from tax $6,628$291,630
Part IX · Statement of functional expenses $552,543 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $37,600 · Management $37,600$75,200
IX-7 Other salaries and wagesPrograms $214,617 · Fundraising $13,853$228,470
IX-9 Other employee benefitsPrograms $18,364 · Management $5,830$24,194
IX-11b Legal feesManagement $1,613$1,613
IX-11c Accounting feesPrograms $5,000 · Management $36,614$41,614
IX-11g Other fees for servicesPrograms $8,508$8,508
IX-12 Advertising and promotionPrograms $100 · Management $106$206
IX-13 Office expensesPrograms $2,394 · Management $247$2,641
IX-16 OccupancyPrograms $60,192 · Management $15,048$75,240
IX-22 Depreciation, depletion and amortizationManagement $7,639$7,639
IX-23 InsuranceManagement $10,966$10,966
IX-24 Other expenses (24a–d)Programs $56,241 · Management $15,727$71,968
IX-24e All other expensesPrograms $460 · Management $3,824$4,284
IX-25 Total functional expensesPrograms $403,476 · Management $135,214 · Fundraising $13,853$552,543
Part X · Balance sheet $220,092 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $447,538$196,088
X-4 Accounts receivableStart of year $11,239$20,000
X-9 Prepaid expenses and deferred chargesStart of year $4,327$1,554
X-15 Other assetsStart of year $20,676$2,450
X-16 Total assetsStart of year $491,804$220,092
X-17 Accounts payable and accrued expensesStart of year $9,605$12,406
X-24 Unsecured notes and loans payableStart of year $79,800$75,800
X-25 Other liabilitiesStart of year $9,600$0
X-26 Total liabilitiesStart of year $99,005$88,206
X-27 Net assets without donor restrictionsStart of year $264,787$44,315
X-28 Net assets with donor restrictionsStart of year $128,012$87,571
X-32 Total net assets or fund balancesStart of year $392,799$131,886
X-33 Total liabilities and net assetsStart of year $491,804$220,092
Part XI · Reconciliation of net assets $131,886 net assets at year end
XI-1 Total revenue$291,630
XI-2 Total expenses$552,543
XI-3 Revenue less expenses−$260,913
XI-4 Net assets at start of year$392,799
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$131,886

Form 990 e-file (XML) FY2021 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.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

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.