Schools That Can FY2021 filing

Tax-deductible

New York, NY501(c)(3)EducationEIN 36-4268793Revenue $2.0M in FY2021

On file with the IRSschoolsthatcan.org25 Broadway 12th Floor, 10004-1056 · New York, NYTax-exempt since Jul 1999Publicly supported — 509(a)(2)

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Schools That Can reimagines education through real-world learning that closes the opportunity and skills gap.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$230K 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
5 of 6
filings with a surplus
Average surplus $69K a year · 5% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$230K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
15 mo
of spending, in cash
Looks good: 14.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
9
named funders · $394K
Looks good: 9 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$288K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
+20% vs prior year
Spent
$1.6M
To programs
79%
Net assets
$1.8M
By yearFY2020–FY2025
Revenue
$2.0M
FY2021▲ +20%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.6M
FY2021$2.0M
FY2022$1.5M
FY2023$1.3M
FY2024$831K
FY2025$965K
Expenses
$1.6M
FY2021▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$1.6M
FY2022$1.3M
FY2023$1.3M
FY2024$1.1M
FY2025$926K
Net assets
$1.8M
FY2021▲ +28%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$1.8M
FY2022$2.0M
FY2023$2.0M
FY2024$1.7M
FY2025$1.7M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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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 Jul 1999.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $1.2M Management & general 11% · $168K Fundraising 10% · $165K

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

20 people listed on the 990; $230K 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
Exec. Director, NJ
$119,748Pt VII · Sec A
Exec Director, Chi
$109,904Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Devt. Co-Chair
$0Pt VII · Sec A
Devt. Co-Chair
$0Pt VII · Sec A
Audit Chair
$0Pt VII · Sec A
Gov. Chair
$0Pt VII · Sec A

Caroline Bretter’s $50K as CFO is at the 42nd 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 · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Casey Lamb—————$127,422
Erin Sweeney———$126,719$119,748$112,004
Ashaki Goodall—$121,556$104,000$90,120——
Beth Bazer————$109,904$111,937
Caroline Bretter$50,070$40,800————

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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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 15aNo

Programs and updates

Reimagines education with real-world learning to close opportunity and skills gaps.

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Provided by the organization

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3 programs · $1.2M · in their own filed words · FY2020
01

Career Skills Schools That Can works with high schools to help build CTE-aligned career pathway programs for students that will prepare them for in-demand, living-wage careers. Other career skills programs introduce HS students to opportunities and skills in high-demand fields, such as cybersecurity and advanced manufacturing.

$507Kprogram expense
02

Design Challenge Schools That Can works with teachers and students in middle schools to bring powerful real-world learning programming to our schools, empowering students to drive their own learning while developing social-emotional and technical skills that will help them pursue their passions in high school and beyond.

$390Kprogram expense
03

Other Programs & PLG In addition to STCs signature programs and Thought Leadership series, STC runs several local initiatives, many in collaboration with partners. For instance, STC facilitates Professional Learning Groups (PLGs) that support cohorts of educators through improvement and inquiry cycles.

$308Kprogram 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 · FY2024
See all 9 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Gifts and grantsLn 1h$1.7M
Other incomeLn 4–11$236K
Investment incomeLn 3$1K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.2M
Managementcol C$168K
Fundraisingcol D$165K
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.9M
Total assetsLn 16$2.1M
LiabilitiesLn 26$288K
PeoplePt VI, VII
20
listed · VII A
PaidVII A2
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Noncash giftsLn 1g$39K
Investment incomeLn 3$1K
Other incomeLn 4–11$236K
Gains on assetsLn 7$534
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$1.6M
SavingsLn 2$334K
Cash and savings togetherLn 1–2$1.9M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$59K
Total assetsLn 16$2.1M
LiabilitiesLn 26$288K
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 515
VolunteersI 6100
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$1.7M$1.9M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.8M$2.1M
LiabilitiesLn 26$413K$288K
Net assetsLn 32$1.4M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
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$837K$663K$84K$91K
Pension plan contributionsLn 8$48K$40K$1K$7K
Other employee benefitsLn 9$0
Payroll taxesLn 10$71K$59K$2K$9K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$57K$57K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$255K$189K$22K$45K
Advertising and promotionLn 12$0
Office expensesLn 13$25K$14K$1K$9K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$16K$14K$409$2K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$260K$260K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$9K$5K$471$3K
All other expensesLn 24e$0
Total functional expensesLn 25$1.6M$1.2M$168K$165K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $965K$926K$39K$1.7M 990 PDF
FY2024 $831K$1.1M−$287K$1.7M 990 PDF
FY2023 $1.3M$1.3M$7K$2.0M 990 PDF
FY2022 $1.5M$1.3M$174K$2.0M 990 PDF
FY2021 Viewing $2.0M$1.6M$397K$1.8M 990 PDF
FY2020 $1.6M$1.6M$87K$1.4M 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 (6 parts)
Part I · Summary $1,974,355 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,645,252$1,737,524
I-9 Program service revenue$0
I-10 Investment incomePrior year $9,324$1,129
I-11 Other revenuePrior year −$14,526$235,702
I-12 Total revenuePrior year $1,640,050$1,974,355
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $947,370$955,825
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $605,467$621,263
I-18 Total expensesPrior year $1,552,837$1,577,088
I-19 Revenue less expensesPrior year $87,213$397,267
Part VI · Governance 18 of 18 board members independent, 2 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,974,355 across 10 lines filed
VIII-1f All other contributions, gifts and grants$1,737,524
VIII-1g Noncash contributions (included above)$38,506
VIII-1h Total contributions, gifts and grants$1,737,524
VIII-3 Investment incomeExcluded from tax $595$595
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $534$534
VIII-8 Net income from fundraising eventsExcluded from tax −$798−$798
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $236,500$236,500
VIII-12 Total revenueExcluded from tax $236,831$1,974,355
Part IX · Statement of functional expenses $1,577,088 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
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 $662,561 · Management $84,066 · Fundraising $90,533$837,160
IX-8 Pension plan contributionsPrograms $39,913 · Management $1,364 · Fundraising $6,747$48,024
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $59,485 · Management $1,939 · Fundraising $9,217$70,641
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $56,721$56,721
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $188,871 · Management $21,970 · Fundraising $44,530$255,371
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $14,406 · Management $1,419 · Fundraising $9,073$24,898
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $13,618 · Management $409 · Fundraising $1,793$15,820
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $259,706$259,706
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $5,262 · Management $471 · Fundraising $3,014$8,747
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $1,243,822 · Management $168,359 · Fundraising $164,907$1,577,088
Part X · Balance sheet $2,081,762 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $1,670,601$1,583,536
X-2 Savings and temporary cash investments$333,987
X-3 Pledges and grants receivableStart of year $113,095$61,500
X-4 Accounts receivableStart of year $23,354$40,721
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $2,427$3,018
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$59,000
X-16 Total assetsStart of year $1,809,477$2,081,762
X-17 Accounts payable and accrued expensesStart of year $235,533$110,587
X-24 Unsecured notes and loans payableStart of year $177,500$177,500
X-26 Total liabilitiesStart of year $413,033$288,087
X-27 Net assets without donor restrictionsStart of year $1,031,797$1,299,214
X-28 Net assets with donor restrictionsStart of year $364,647$494,461
X-32 Total net assets or fund balancesStart of year $1,396,444$1,793,675
X-33 Total liabilities and net assetsStart of year $1,809,477$2,081,762
Part XI · Reconciliation of net assets $1,793,675 net assets at year end
XI-1 Total revenue$1,974,355
XI-2 Total expenses$1,577,088
XI-3 Revenue less expenses$397,267
XI-4 Net assets at start of year$1,396,444
XI-5 Net unrealized gains (losses) on investments−$36
XI-10 Net assets at end of year$1,793,675

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

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