Schools That Can FY2024 filing

Tax-deductible

New York, NY501(c)(3)EducationEIN 36-4268793Revenue $831K in FY2024

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.
85¢ of each $1 spent went to programs.
$162K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · 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
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$162K
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
17 mo
of spending, in cash
Looks good: 17.3 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
$30K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$831K
-38% vs prior year
Spent
$1.1M
To programs
85%
Net assets
$1.7M
By yearFY2020–FY2025
Revenue
$831K
FY2024▼ -38%
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
$1.1M
FY2024▼ -16%
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
$1.7M
FY2024▼ -14%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

85 cents of each dollar spent went to programs.

Program services 85% · $945K Management & general 7% · $74K Fundraising 9% · $98K

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

16 people listed on the 990; $162K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Cpo / Ed Newark
$121,556Pt VII · Sec A
$40,800Pt VII · Sec A
Executive Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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 · $902K · in their own filed words · FY2023
01

Career Skills

Schools That Cans Career Readiness program features a proprietary, 125-hour curriculum for high school students designed to prepare them for the world of work and post-secondary success. In the 6-unit program, students build foundational career skills through elevator pitches, mock interviews, and resume reviews.

$756Kprogram expense
02

Design Challenge Schools That Can works with teachers and students in middle and high 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.

$96Kprogram expense
03

Other Programs & PLG In addition to STCs signature programs and Thought Leadership series, STC runs several local initiatives, many in collaboration with local companies and organizations. For instance, in partnership with Prudential, STC Newark helps to connect high schools to math professors and actuaries to showcase math in the real…

$50Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$831K
Ln 12
Gifts and grantsLn 1h$658K
Fees for servicesLn 2g$112K
Investment incomeLn 3$60K
Money outPt IX
$1.1M
Ln 25
Programscol B$945K
Managementcol C$74K
Fundraisingcol D$98K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$1.7M
LiabilitiesLn 26$30K
PeoplePt VI, VII
16
listed · VII A
PaidVII A2
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$658K
Government grantsLn 1e$76K
Fees for servicesLn 2g$112K
Investment incomeLn 3$60K
Gains on assetsLn 7−$5K
Total revenueLn 12$831K
Assets in detailPt X, end of year
CashLn 1$461K
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$1.6M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$1.7M
LiabilitiesLn 26$30K
Net assetsLn 32$1.7M
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 FY24End FY24
Cash and savingsLn 1–2$1.5M$1.6M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$2.0M$1.7M
LiabilitiesLn 26$33K$30K
Net assetsLn 32$2.0M$1.7M
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$43K$30K$2K$11K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$612K$536K$28K$49K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$45K$38K$2K$5K
Payroll taxesLn 10$61K$52K$3K$6K
Management feesLn 11a$265K$231K$11K$24K
Legal feesLn 11b$20K$20K
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$10K$9K$449$895
Advertising and promotionLn 12$0
Office expensesLn 13$18K$15K$1K$2K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$22K$19K$1K$2K
TravelLn 17$5K$4K$249$502
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$7K$6K$412$532
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$5K$5K$275$469
Other expenses (24a–d)Ln 24$5K$5K
All other expensesLn 24e$0
Total functional expensesLn 25$1.1M$945K$74K$98K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $965K$926K$39K$1.7M 990 PDF
FY2024 Viewing $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 $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 FY2024 990 (6 parts)
Part I · Summary $830,607 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,205,487$658,236
I-9 Program service revenuePrior year $120,993$112,500
I-10 Investment incomePrior year $9,413$59,871
I-11 Other revenue$0
I-12 Total revenuePrior year $1,335,893$830,607
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $832,259$760,660
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $496,555$357,314
I-18 Total expensesPrior year $1,328,814$1,117,974
I-19 Revenue less expensesPrior year $7,079−$287,367
Part VI · Governance 14 of 14 board members independent, 2 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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 $830,607 across 10 lines filed
VIII-1e Government grants$76,200
VIII-1f All other contributions, gifts and grants$582,036
VIII-1h Total contributions, gifts and grants$658,236
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $112,500$112,500
VIII-3 Investment incomeExcluded from tax $64,641$64,641
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$4,770−$4,770
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $112,500 · Excluded from tax $59,871$830,607
Part IX · Statement of functional expenses $1,117,974 across 31 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 staffPrograms $29,988 · Management $2,142 · Fundraising $10,710$42,840
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $536,042 · Management $27,904 · Fundraising $48,503$612,449
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $38,262 · Management $1,950 · Fundraising $4,501$44,713
IX-10 Payroll taxesPrograms $52,299 · Management $2,816 · Fundraising $5,543$60,658
IX-11a Management feesPrograms $230,889 · Management $10,691 · Fundraising $23,581$265,161
IX-11b Legal feesManagement $19,961$19,961
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $8,539 · Management $449 · Fundraising $895$9,883
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $15,255 · Management $1,014 · Fundraising $1,628$17,897
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $19,095 · Management $1,335 · Fundraising $1,610$22,040
IX-17 TravelPrograms $4,232 · Management $249 · Fundraising $502$4,983
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $6,048 · Management $412 · Fundraising $532$6,992
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $4,653 · Management $275 · Fundraising $469$5,397
IX-24 Other expenses (24a–d)Management $5,000$5,000
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $945,302 · Management $74,198 · Fundraising $98,474$1,117,974
Part X · Balance sheet $1,728,342 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $402,270$460,740
X-2 Savings and temporary cash investmentsStart of year $1,097,690$1,151,984
X-3 Pledges and grants receivableStart of year $415,044$54,200
X-4 Accounts receivableStart of year $96,266$54,840
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $4,091$6,578
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$0
X-16 Total assetsStart of year $2,015,361$1,728,342
X-17 Accounts payable and accrued expensesStart of year $32,889$30,020
X-26 Total liabilitiesStart of year $32,889$30,020
X-27 Net assets without donor restrictionsStart of year $1,448,206$1,244,841
X-28 Net assets with donor restrictionsStart of year $534,266$453,481
X-32 Total net assets or fund balancesStart of year $1,982,472$1,698,322
X-33 Total liabilities and net assetsStart of year $2,015,361$1,728,342
Part XI · Reconciliation of net assets $1,698,322 net assets at year end
XI-1 Total revenue$830,607
XI-2 Total expenses$1,117,974
XI-3 Revenue less expenses−$287,367
XI-4 Net assets at start of year$1,982,472
XI-5 Net unrealized gains (losses) on investments$3,217
XI-10 Net assets at end of year$1,698,322

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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