Innovate-Educate FY2022 filing

Public charity (501(c)(3)) Santa Fe, NM Since 2009 EIN 26-3205739 NTEE B03
Revenue
$802K
▲ +73%
FY2022 · Pt VIII · Ln 12
Expenses
$649K
▲ +14%
FY2022 · Pt IX · Ln 25
Net assets
$222K
FY2022 · Pt X · Ln 32
To programs
73%
FY2022 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2025
Revenue
$802K
FY2022▲ +73%
Expenses
$649K
FY2022▲ +14%

Helps people find jobs and training by assessing their skills.

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Tax-deductible?
Yes
Per the IRS master file. Details →
Can I give now?
No revocation on IRS record
Not on the IRS revocation list. Details →
Filing up to date?
Yes — filed FY2025
Foundation funders?
1 funder — Encantado Sandia Foundation
$125K in the latest grant year. Details →
Spent on programs?
73% to programs
Form 990 Part IX, latest filing. Details →
Size and trend
$100K–1M
↑ +73% vs prior year Details →

Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).


Helps people find jobs and training by assessing their skills.

Founded
2009
Type
Public charity (501(c)(3)) · Education
Location
Santa Fe, NM
Filings
6 on file (2020–2022)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Where the money goes · FY2022
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.16 Fundraising $0.11
Program efficiency
73%
of spending reaches programs
Operating runway
2.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+19%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$222K
FY2022▲ +180%
Total liabilities
$0
FY2022▼ -100%
Revenue less expensesPt I · Ln 19$152K
Total assetsPt X · Ln 16$222K
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 41

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CInnovate-Educate
EINHdr · item D26-3205739
Principal addressHdr · item CSanta Fe, NM
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2009
State of legal domicileHdr · item MNM
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B03)
Ruling yearIRS BMFApr 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b1
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
CEO/ Co-Chai
$80,303Pt VII · Sec A
Treasurer
$18,976Pt VII · Sec A
$8,879Pt VII · Sec A
Board Co-Cha
$0Pt VII · Sec A

Jamai Blivin’s $57K as CEO is at the 49th percentile of top reported officer pay among 1613 $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 · 3 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Jamai Blivin$57,396$80,303$67,077$34,492
Tamara Bates$40,794$18,976——
Erin Muffoletto$6,888$8,879$29,711$4,250

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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Mission & Programs · Part III

Where the work happens

1 program service account for $472K of program spending, described in the organization's own filed words · FY2022.
01

Innovate+educate is a national non-profit focused on research based strategies to close the skills gap. The key to our work is creating and validating new employment pathways based on skills and competencies.

$472Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$501K · 62%
Contributions & grants$301K · 38%
Program service revenue62%$501K
Contributions & grants38%$301K
Investment income$7
— government grantsLn 1e$48K
Total revenueLn 12$802K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.16 Fundraising $0.11
Program services73%$472K
Management & general16%$104K
Fundraising11%$74K
Total functional expensesLn 25$649K

Balance Sheet

Part X · end of year
CashLn 1$148K
Total assetsLn 16$222K
Total liabilitiesLn 26$0
Total net assetsLn 32$222K
Months of cash on handcomputed2.7

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $148K · Operating expenses/yr $649K
2.7 months
Where the money goes
Program services
Program services $472K · Total expenses $649K
73%
Management & General
Management & general $104K · Total expenses $649K
16%
Fundraising
Fundraising $74K · Total expenses $649K
11%
Cost to raise $1
Fundraising expense (3-yr avg) $117K · Solicited contributions (3-yr avg) $115K
$1.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $301K · Total revenue $802K
38%
Government reliance
Government grants $48K · Total revenue $802K
6%
Earned-income share
Program service revenue $501K · Total revenue $802K
62%
Investment reliance
Investment income $7 · Total revenue $802K
<0.01%
Program self-sufficiency
Program service revenue $501K · Total expenses $649K
77%
Growth & trend
Revenue growth (YoY)
This year $802K · Prior year $465K
+73%
Net-asset trend (YoY)
End of year $222K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $802K · Expenses $649K
+19%
Liabilities-to-Assets
Total liabilities — · Total assets $222K
—
Net-asset ratio
Net assets $222K · Total assets $222K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $222K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jamai Blivin · Reported title CEO/ CO-CHAI · Highest reported compensation $80K · Total expenses $649K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $649K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 73%——
Overhead ratio 16%——
Fundraising cost ratio 25%——
Revenue growth 73%——
Accounting fee ratio 0.3%——

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.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$125K
Grants paid · 1 grant · $10K · 2021–2021
Unitemized GrantFY2021$10,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$375K revenue · ⤓ 990 PDF
FY2024$489K revenue · ⤓ 990 PDF
FY2023$255K revenue · ⤓ 990 PDF
FY2022$802K revenue · viewing · ⤓ 990 PDF
FY2021$465K revenue · ⤓ 990 PDF
FY2020$410K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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