Xposure Foundation INC FY2023 filing

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2 time NY EMMY award winning Xposures mission is to expose children, youth, and families in underserved communities, to the worlds of science, technology, finance, work ethics, nutriton and community service while helping to build stronger parent/child partnerships.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$178K 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

FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $102K a year · 6% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$178K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.0M
401% of total assets
Concern: liabilities are 401% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.9M
-14% vs prior year
Spent
$2.6M
To programs
78%
Net assets
−$761K
By yearFY2019–FY2024
Revenue
$1.9M
FY2023▼ -14%
Tap a bar for its year
Revenue by fiscal year
FY2019$1.4M
FY2020$1.2M
FY2021$2.6M
FY2022$2.2M
FY2023$1.9M
FY2024$1.7M
Expenses
$2.6M
FY2023▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2019$1.4M
FY2020$1.1M
FY2021$2.0M
FY2022$2.4M
FY2023$2.6M
FY2024$2.1M
Net assets
−$761K
FY2023▼ -2616%
Tap a bar for its year
Net assets by fiscal year
FY2019−$496K
FY2020−$461K
FY2021$226K
FY2022$30K
FY2023−$761K
FY2024−$1.2M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2007.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $2.0M Management & general 22% · $567K

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

10 people listed on the 990; $178K paid to officers and key staff.

Part VII, Section A · reportable compensation
Program Director
$81,458Pt VII · Sec A
Executive Director
$56,500Pt VII · Sec A
Chief Operating Officer
$33,083Pt VII · Sec A
Board Chair
$6,911Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Raymond L Thomas JR’s $106K as Executive Director is at the 36th 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 · 7 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2019
Raymond Thomas JR——$129,976———
Raymond L Thomas JR$105,722$56,500—$111,250$107,705$113,416
Janea Powell$79,884$81,458$88,542$111,366——
Marcelle Lashley———$98,350$93,464$111,146
Marcelle Lashley-Kabore——$99,916———
Marcelle Lashley - Kabore$52,892$33,083————
Shaughn Thomas$15,035$6,911—$2,188——

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 Xposure Foundation INC executive salaries →

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
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Exposes underserved children and families to science, tech, finance, and community service.

Questions for Xposure Foundation INC

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1 program · $2.0M · in their own filed words · FY2023
01

Broadcasting Fun Finance Radio

Proprietary school based internet RADIO/TV station allow students to create radio shows focusing on a wide range of topics including school culture, financial literacy, teen issues, pop culture and other subject matter important to them.

$2.0Mprogram 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 · FY2020
Total grants receivedfrom 1 funder$100

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.9M
Ln 12
Gifts and grantsLn 1h$1.9M
Investment incomeLn 3$1
Money outPt IX
$2.6M
Ln 25
Programscol B$2.0M
Managementcol C$567K
Owns and owesPt X
−$761K
net assets · Ln 32
Cash and savingsLn 1–2$19K
Total assetsLn 16$253K
LiabilitiesLn 26$1.0M
PeoplePt VI, VII
10
listed · VII A
PaidVII A4
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.9M
Government grantsLn 1e$25K
Investment incomeLn 3$1
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$19K
Cash and savings togetherLn 1–2$19K
Accounts receivableLn 4$211K
Land, buildings, equipmentLn 10c$23K
Total assetsLn 16$253K
LiabilitiesLn 26$1.0M
Net assetsLn 32−$761K
OperationsPt I, VI
EmployeesI 5131
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
LineStart FY23End FY23
Cash and savingsLn 1–2$154K$19K
Land, buildings, equipmentLn 10c$30K$23K
Total assetsLn 16$663K$253K
LiabilitiesLn 26$633K$1.0M
Net assetsLn 32$30K−$761K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$171K$136K$35K
Other salaries and wagesLn 7$1.6M$1.3M$337K
Pension plan contributionsLn 8$15K$12K$3K
Payroll taxesLn 10$141K$113K$28K
Accounting feesLn 11c$14K$10K$5K
Other fees for servicesLn 11g$88K$63K$25K
Office expensesLn 13$136K$100K$36K
Information technologyLn 14$17K$14K$3K
OccupancyLn 16$54K$48K$6K
Conferences, conventions and meetingsLn 19$122K$94K$28K
InterestLn 20$14K$14K
Depreciation, depletion and amortizationLn 22$7K$7K
InsuranceLn 23$26K$10K$16K
Other expenses (24a–d)Ln 24$139K$127K$11K
All other expensesLn 24e$23K$11K$12K
Total functional expensesLn 25$2.6M$2.0M$567K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 14, 2025 $1.7M$2.1M−$423K−$1.2M 990 PDF
FY2023 ViewingFiled with the IRS Nov 14, 2024 $1.9M$2.6M−$675K−$761K 990 PDF
FY2022Filed with the IRS Mar 1, 2024 $2.2M$2.4M−$196K$30K 990 PDF
FY2021Filed with the IRS Nov 1, 2022 $2.6M$2.0M$687K$226K 990 PDF
FY2020Filed with the IRS Jun 23, 2021 $1.2M$1.1M$35K−$461K 990 PDF
FY2019Filed with the IRS Apr 15, 2021 $1.4M$1.4M−$43K−$496K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $1,929,284 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,012,534$1,929,283
I-9 Program service revenuePrior year $45,844$0
I-10 Investment incomePrior year $3,855$1
I-11 Other revenuePrior year $169,328$0
I-12 Total revenuePrior year $2,231,561$1,929,284
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,790,166$1,964,028
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $637,159$640,553
I-18 Total expensesPrior year $2,427,325$2,604,581
I-19 Revenue less expensesPrior year −$195,764−$675,297
Part VI · Governance 6 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
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 $1,929,284 across 6 lines filed
VIII-1b Membership dues$6,409
VIII-1e Government grants$25,232
VIII-1f All other contributions, gifts and grants$1,897,642
VIII-1h Total contributions, gifts and grants$1,929,283
VIII-3 Investment incomeRelated to mission $1$1
VIII-12 Total revenueRelated to mission $1 · Unrelated business $0 · Excluded from tax $0$1,929,284
Part IX · Statement of functional expenses $2,604,581 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $135,851 · Management $35,190$171,041
IX-7 Other salaries and wagesPrograms $1,300,110 · Management $336,773$1,636,883
IX-8 Pension plan contributionsPrograms $11,816 · Management $3,061$14,877
IX-10 Payroll taxesPrograms $112,970 · Management $28,257$141,227
IX-11c Accounting feesPrograms $9,754 · Management $4,548$14,302
IX-11g Other fees for servicesPrograms $62,921 · Management $25,140$88,061
IX-13 Office expensesPrograms $99,697 · Management $36,268$135,965
IX-14 Information technologyPrograms $13,968 · Management $2,879$16,847
IX-16 OccupancyPrograms $48,197 · Management $6,138$54,335
IX-19 Conferences, conventions and meetingsPrograms $94,068 · Management $27,665$121,733
IX-20 InterestManagement $14,412$14,412
IX-22 Depreciation, depletion and amortizationManagement $7,345$7,345
IX-23 InsurancePrograms $10,228 · Management $15,991$26,219
IX-24 Other expenses (24a–d)Programs $127,361 · Management $11,227$138,588
IX-24e All other expensesPrograms $10,889 · Management $11,857$22,746
IX-25 Total functional expensesPrograms $2,037,830 · Management $566,751 · Fundraising $0$2,604,581
Part X · Balance sheet $252,945 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $153,694$19,271
X-4 Accounts receivableStart of year $478,974$210,825
X-10c Land, buildings and equipment, netStart of year $30,194$22,849
X-16 Total assetsStart of year $662,862$252,945
X-17 Accounts payable and accrued expensesStart of year $3,898$11,350
X-22 Loans from officers and insidersStart of year $31,377$68,026
X-23 Secured mortgages and notes payableStart of year $270,000$396,131
X-24 Unsecured notes and loans payableStart of year $153,314$156,145
X-25 Other liabilitiesStart of year $174,046$381,918
X-26 Total liabilitiesStart of year $632,635$1,013,570
X-27 Net assets without donor restrictionsStart of year $30,227−$760,625
X-32 Total net assets or fund balancesStart of year $30,227−$760,625
X-33 Total liabilities and net assetsStart of year $662,862$252,945
Part XI · Reconciliation of net assets −$760,625 net assets at year end
XI-1 Total revenue$1,929,284
XI-2 Total expenses$2,604,581
XI-3 Revenue less expenses−$675,297
XI-4 Net assets at start of year$30,227
XI-8 Prior period adjustments−$115,555
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$760,625

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

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