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After School Matters INC EIN 36-4409182

After School Matters INC

EIN  36-4409182 Public charity (501(c)(3)) Chicago, IL Founded 2000
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/6/26 · see original filing: IRS
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Size
$10–100M
What they do
Helps Chicago teens discover and grow their talents through high school programs.
Leadership
Mary E Caron · Chief Executive Officer · $416K
Money in and out
$48.4M revenue, $40.9M expenses
Bottom line
82% program efficiency

Helps Chicago teens discover and grow their talents through high school programs. For fiscal year 2024 it reported $48.4M in revenue, $40.9M in expenses, and $69.7M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$48.4M
Pt VIII · Ln 12
Total expenses
$40.9M
Pt IX · Ln 25
Net assets
$69.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $7.5M
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.12 Fundraising $0.05
Program efficiency
82%
of spending reaches programs0% vs prior filing year
Operating runway
3.6mo
months of highly liquid reserves at operating expense rate0% vs prior filing year
Surplus margin
+16%
revenue over expenses, this year▲ ×13 vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$48.4M
FY2024▲ +29%
Expenses
$40.9M
FY2024▲ +7%
Total assets
$77.8M
FY2024▲ +22%
Total liabilities
$8.2M
FY2024▲ +72%
Total revenue
$48.4M
Pt VIII · Ln 12
Total expenses
$40.9M
Pt IX · Ln 25
Net assets
$69.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$7.5M
Total assetsPt X · Ln 16$77.8M
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 326
Independent voting membersPt I · Ln 425
Mission & Programs · Part III

Where the work happens

1 program service account for $33.6M of program spending, described in the organization's own filed words · FY2024.
01

This year, after school matters ran 1,645 high-quality programs that provided 24,000+ opportunities to 17,000+ teens across the city of chicago. These paid afterschool and summer opportunities provided chicago high school teens with a space to explore their passions and develop their talents in the arts, communications and leadership…

$33.6Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAfter School Matters INC
EINHdr · item D36-4409182
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jwww.afterschoolmatters.org
Year of formationHdr · item L2000
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B80)
Ruling yearIRS BMFFeb 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a26
Independent voting membersPt VI · Ln 1b25
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Mary E Caron
Chief Executive Officer
$415,530Pt VII · Sec A
Brendan Dubois
Chief Financial Officer
$215,528Pt VII · Sec A
Melissa Mister
Chief of Strategy & Staff
$208,773Pt VII · Sec A
Anthony Raden
Chief Impact Officer
$198,470Pt VII · Sec A
Katrina Ferreyra
Chief Development Officer
$185,981Pt VII · Sec A
Tony Diaz
Chief Program Officer
$176,939Pt VII · Sec A
Mischelle Causey-Drake
General Counsel
$150,541Pt VII · Sec A
Brian Pool
Program Implementation Officer
$149,065Pt VII · Sec A

Mary E Caron’s $416K as Chief Executive Officer is at the 82nd percentile of top reported officer pay among 3682 $10–100M 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 · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Mary E Caron$415,530—————
Mary Ellen Caron—$335,502$360,675$310,274$323,201$310,145
Brendan Dubois$215,528$202,298$177,121$146,000$155,385—
Melissa Mister$208,773$205,127$92,946$178,917$189,340$171,943
Anthony Raden$198,470$195,095$192,568———
Tony Raden———$188,309$194,188$7,692
Steven Berry——$110,436$184,935$191,273$168,140
Katrina Ferreyra$185,981$185,803$76,151———

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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Statement of Revenue

Part VIII
Contributions & grants$47.8M · 99%
Investment income$652K · 1%
Contributions & grants99%$47.8M
Investment income1%$652K
Program service revenue$19K
— government grantsLn 1e$32.9M
Total revenueLn 12$48.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.12 Fundraising $0.05
Program services82%$33.6M
Management & general12%$5.1M
Fundraising5%$2.2M
Total functional expensesLn 25$40.9M

Balance Sheet

Part X · end of year
CashLn 1$9.4M
Total assetsLn 16$77.8M
Total liabilitiesLn 26$8.2M
Total net assetsLn 32$69.7M
Months of cash on handcomputed2.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $12.2M · Operating expenses (Pt IX) $40.9M · Less non-cash grants $93K · Cash operating expenses/yr $40.8M
3.6 months
Where the money goes
Program services
Program services $33.6M · Total expenses $40.9M
82%
Management & General
Management & general $5.1M · Total expenses $40.9M
12%
Fundraising
Fundraising $2.2M · Total expenses $40.9M
5%
Cost to raise $1
Fundraising expense (3-yr avg) $2.0M · Solicited contributions (3-yr avg) $11.2M
$0.18 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $47.8M · Total revenue $48.4M
99%
Government reliance
Government grants $32.9M · Total revenue $48.4M
68%
Earned-income share
Program service revenue $19K · Total revenue $48.4M
0%
Investment reliance
Investment income $652K · Total revenue $48.4M
+1%
Program self-sufficiency
Program service revenue $19K · Total expenses $40.9M
0%
Growth & trend
Revenue growth (YoY)
This year $48.4M · Prior year $37.6M
+29%
Revenue CAGR
FY2019 $28.6M · FY2024 $48.4M
+11%
Net-asset trend (YoY)
End of year $69.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $48.4M · Expenses $40.9M
+16%
Liabilities-to-Assets
Total liabilities — · Total assets $77.8M
—
Net-asset ratio
Net assets $69.7M · Total assets $77.8M
90%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.7M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $77.8M
4%
People & payroll
Highest Reported Total Compensation
Individual Mary E Caron · Reported title CHIEF EXECUTIVE OFFICER · Highest reported compensation $416K · Total expenses $40.9M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $25.2M · Total expenses $40.9M
62%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 82%——
Overhead ratio 12%——
Fundraising cost ratio 5%——
Revenue growth 29%——

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 · FY2025
Hf Foundation INCFY2025$100K
Dona & Sam Scott FoundationFY2025$10K
Total grants receivedfrom 2 funders$110K
Grants paid · 6 grants · $50.0M · 2019–2024
Unitemized GrantFY2024$6,079,313
Unitemized GrantFY2023$6,765,482
Unitemized GrantFY2022$7,933,812
Unitemized GrantFY2021$10,287,678
Unitemized GrantFY2020$9,681,403
Unitemized GrantFY2019$9,273,149

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Bryant Youth Association INCAR
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After School Kids INCID
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Minds Matter Colorado INCCO
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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
FY2024$37.6M revenue · ⤓ 990 PDF
FY2023$38.5M revenue · ⤓ 990 PDF
FY2022$39.0M revenue · ⤓ 990 PDF
FY2021$31.9M revenue · ⤓ 990 PDF
FY2020$28.6M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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