Teensharp FY2021 filing

Wilmington, DE · Public charity (501(c)(3)) · Youth Development

✓ Tax-deductible Latest data FY2021
Revenue
$1.0M
▲ +17% vs prior year
Spent
$1.1M
To programs
83%
Net assets
$278K
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Form 990 for the fiscal year ending June 2021 (IRS tax year 2020).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
Yes — exemption reinstated (2012-11-15)
Per the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — South Carolina Childrens Fund
$15K in the latest grant year.
Spent on programs?
83% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +17% vs prior year
Legal name (IRS)Hdr · item CTeensharp
EINHdr · item D27-2246880
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFAug 2014
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CWilmington, DE
NTEE classificationIRS BMFYouth Development (O99)
WebsiteHdr · item Jwww.teensharp.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.13 Fundraising $0.04
Program services83%$906K
Management & general13%$146K
Fundraising4%$43K
Total functional expensesLn 25$1.1M

Financial health

Revenue & expenses by yearFY2020–FY2025
Revenue
$1.0M
FY2021▲ +17%
Expenses
$1.1M
FY2021▲ +42%
Program efficiency
83%
of spending reaches programs
Operating runway
4.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-6%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$449K
FY2021▲ +2%
Total liabilities
$171K
FY2021▲ +52%
Revenue less expensesPt I · Ln 19−$57K
Total assetsPt X · Ln 16$449K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Balance Sheet

Part X · end of year
CashLn 1$387K
Total assetsLn 16$449K
Total liabilitiesLn 26$171K
Total net assetsLn 32$278K
Months of cash on handcomputed4.2

Statement of Revenue

Part VIII
Contributions & grants$919K · 89%
Program service revenue$111K · 11%
Investment income$8K · 1%
Contributions & grants89%$919K
Program service revenue11%$111K
Investment income1%$8K
— government grantsLn 1e$305K
Total revenueLn 12$1.0M

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $387K · Operating expenses/yr $1.1M
4.2 months
Where the money goes
Program services
Program services $906K · Total expenses $1.1M
83%
Management & General
Management & general $146K · Total expenses $1.1M
13%
Fundraising
Fundraising $43K · Total expenses $1.1M
4%
Cost to raise $1
Fundraising expense (2-yr avg) $39K · Solicited contributions (2-yr avg) $641K
$0.06 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $919K · Total revenue $1.0M
89%
Government reliance
Government grants $305K · Total revenue $1.0M
29%
Earned-income share
Program service revenue $111K · Total revenue $1.0M
11%
Investment reliance
Investment income $8K · Total revenue $1.0M
+0.8%
Program self-sufficiency
Program service revenue $111K · Total expenses $1.1M
10%
Growth & trend
Revenue growth (YoY)
This year $1.0M · Prior year $888K
+17%
Net-asset trend (YoY)
End of year $278K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.0M · Expenses $1.1M
-6%
Liabilities-to-Assets
Total liabilities — · Total assets $449K
—
Net-asset ratio
Net assets $278K · Total assets $449K
62%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $449K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Atnreakn Alleyne · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $58K · Total expenses $1.1M
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $658K · Total expenses $1.1M
60%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 83%——
Overhead ratio 13%——
Fundraising cost ratio 5%——
Revenue growth 17%——
Accounting fee ratio 2%——
Fundraising fee ratio 2%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$57,848Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Atnreakn Alleyne’s $150K as Executive Director is at the 98th percentile of top reported officer pay among 1992 $100K–1M youth development 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Atnreakn Alleyne$150,000$146,135$135,000$126,177$57,848—
Damien Burke—————$72,692
Atnre Alleyne—————$3,462

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 Teensharp executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Mission and programs

Prepares diverse students for top colleges, ensuring they graduate debt-free.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $882K of program spending, described in the organization's own filed words · FY2020.
01

Striver Program

Striver is a weekly program that runs parallel with the academic year, during which black, latino, and low-income high school students participate in full-day saturday classes to: complete two college-level courses, remediate and accelerate advanced math proficiency, and develop a deep understanding of the college admissions process.

$546Kprogram expense
02

New Castle County Goes to College Initiative

Teensharp aims to reach upward of 1,000 high school students over the next few months to ensure they have the information and support to get into college. The initiative is made possible thanks to a $245,000 cares act innovation grant from new castle county, and will include: * the college knowledge help desk: a free text message and…

$237Kprogram expense
03

G2c Academy

Through G2C (goes to college) academy, we offer virtual college admissions bootcamps and weekly working sessions for high school seniors and juniors, as well as their parents. The goal of the program is to help low-income students and students of color gain admissions to selective colleges that are the best academic and financial fit.

$99Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$15K

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest $902K$1.2M-18% 990 PDF
FY2024 $1.1M$1.0M-11% 990 PDF
FY2023 $1.2M$943K+5% 990 PDF
FY2022 $1.2M$933K+13% 990 PDF
FY2021 Viewing $1.0M$1.1M+17% 990 PDF
FY2020 $888K$771K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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