Class Matters INC FY2021 filing

Tax-deductible

Oklahoma City, OK501(c)(3)Youth DevelopmentEIN 27-3102028

To provide educational instruction to youth that encourages their personal development.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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 5
filings with a surplus
Average deficit $2K a year · 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $54K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$11K
142% of total assets
Concern: liabilities are 142% 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
$94K
+48% vs prior year
Spent
$100K
To programs
87%
Net assets
−$3K
By yearFY2020–FY2024
Revenue
$94K
FY2021▲ +48%
Revenue by fiscal year
FY2020$63K
FY2021$94K
FY2022$170K
FY2023$157K
FY2024$212K
Expenses
$100K
FY2021▲ +37%
Expenses by fiscal year
FY2020$73K
FY2021$100K
FY2022$167K
FY2023$151K
FY2024$214K
Net assets
−$3K
FY2021▼ -163%
Net assets by fiscal year
FY2020$5K
FY2021−$3K
FY2022$12K
FY2023$18K
FY2024$5K

From the FY2021 Form 990 · see the original

Give Claim
You’re viewing the FY2021 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 Sep 2011.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $87K Management & general 2% · $2K Fundraising 10% · $10K

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

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Kevin Pham’s $200 as Treasurer is at the 0th percentile of top reported officer pay among 1993 $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.

See Class Matters INC executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Teaches youth skills and knowledge to foster personal growth.

Provided by the organization

This section is blank until Class Matters INC claims this page.

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1 program service account for $87K of program spending, described in the organization's own filed words · FY2021.
01

Class Matters provides after-school hands-on schools on engineering, entrepreneurial, and leadership education programs for at-risk middle school, high school, and first-year college students. The program is led by science, technology, engineering, and mathematics educators and is offered four days a week.

$87Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 4 funders$54K
See all 4 funders →
Grants paid · 5 grants · $48K · 2024–2024
Unitemized GrantFY2024$18,750
Unitemized GrantFY2024$18,000
Unitemized GrantFY2024$5,000
Unitemized GrantFY2024$3,800
Unitemized GrantFY2024$2,500

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$94K
Ln 12
Gifts and grantsLn 1h$94K
Money outPt IX
$100K
Ln 25
Programscol B$87K
Managementcol C$2K
Fundraisingcol D$10K
Owns and owesPt X
−$3K
net assets · Ln 32
Cash and savingsLn 1–2$405
Total assetsLn 16$8K
LiabilitiesLn 26$11K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$94K
Government grantsLn 1e$1K
Noncash giftsLn 1g$2K
Total revenueLn 12$94K
Assets in detailPt X, end of year
CashLn 1$405
Cash and savings togetherLn 1–2$405
Land, buildings, equipmentLn 10c$8K
Total assetsLn 16$8K
LiabilitiesLn 26$11K
Net assetsLn 32−$3K
OperationsPt I, VI
EmployeesI 50
VolunteersI 629
Fiscal year endsHeaderDecember
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$2K$405
Land, buildings, equipmentLn 10c$11K$8K
Total assetsLn 16$13K$8K
LiabilitiesLn 26$11K$11K
Net assetsLn 32$3K−$3K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$11K$11K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$9K$8K$2K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$150$150
Advertising and promotionLn 12$10K$377$10K
Office expensesLn 13$3K$2K$816$680
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$52$52
Travel and entertainment for public officialsLn 18$282$282
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$60K$60K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$100K$87K$2K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $212K$214K−$2K$5K 990 PDF
FY2023 $157K$151K$6K$18K 990 PDF
FY2022 $170K$167K$3K$12K 990 PDF
FY2021 Viewing $94K$100K−$6K−$3K 990 PDF
FY2020 $63K$73K−$9K$5K 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
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $93,558 across 5 lines filed
VIII-1e Government grants$1,200
VIII-1f All other contributions, gifts and grants$92,358
VIII-1g Noncash contributions (included above)$1,669
VIII-1h Total contributions, gifts and grants$93,558
VIII-12 Total revenue$93,558
Part IX · Statement of functional expenses $99,659 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $11,202$11,202
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $7,500 · Management $1,500$9,000
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $150$150
IX-12 Advertising and promotionPrograms $377 · Fundraising $9,511$9,888
IX-13 Office expensesPrograms $1,863 · Management $816 · Fundraising $680$3,359
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelManagement $52$52
IX-18 Travel and entertainment for public officialsPrograms $282$282
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $3,620$3,620
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $60,171$60,171
IX-24e All other expensesPrograms $1,935$1,935
IX-25 Total functional expensesPrograms $87,100 · Management $2,368 · Fundraising $10,191$99,659
Part X · Balance sheet $7,987 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $2,222$405
X-10c Land, buildings and equipment, netStart of year $11,202$7,582
X-16 Total assetsStart of year $13,424$7,987
X-25 Other liabilitiesStart of year $10,700$11,364
X-26 Total liabilitiesStart of year $10,700$11,364
X-27 Net assets without donor restrictionsStart of year $2,724−$3,377
X-32 Total net assets or fund balancesStart of year $2,724−$3,377
X-33 Total liabilities and net assetsStart of year $13,424$7,987
Part XI · Reconciliation of net assets −$3,377 net assets at year end
XI-1 Total revenue$93,558
XI-2 Total expenses$99,659
XI-3 Revenue less expenses−$6,101
XI-4 Net assets at start of year$2,724
XI-10 Net assets at end of year−$3,377

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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