114th Partnership INC FY2020 filing

Potomac, MDUnknown exempt organizationEIN 41-2047342Revenue $124K in FY2020

On file with the IRS114th.org10406 Windsor View Dr · Potomac, MD

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The 114th Partnership, INC. (the "organization") is a national nonprofit helping young people navigate education and career pathways. Our goal is to connect classwork to potential careers with our programs - spark 101 and accelerated impact.

62¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $78K a year · 126% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4K
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 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
$124K
Spent
$277K
To programs
62%
Net assets
$10K
By yearFY2020–FY2021
Revenue
$124K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$124K
FY2021$14
Expenses
$277K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$277K
FY2021$4K
Net assets
$10K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$10K
FY2021$0

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $170K Management & general 31% · $86K Fundraising 7% · $21K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
VP, Operations
$0Pt VII · Sec A
President, Thru 9/30/20
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Vice-Chair
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See 114th Partnership 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects young people to education and career paths through programs.

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Provided by the organization

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2 programs · $170K · in their own filed words · FY2020
01

Spark 101 stem skills videos equip professional educators to integrate course objectives with on-the-job tasks from high-opportunity careers. These ten-minute interactive videos, co-developed with employers, are the only free resource of their kind.

$142Kprogram expense
02

Accelerated impact helps communities engage educators and employers to motivate their young people to pursue high skills coursework tied to regionally relevant high-opportunity careers. Serving as a specialized intermediary, the program helps educators,employers, and other aligned nonprofit partners to strengthen outcomes in motivation…

$28Kprogram 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 · FY2022
Total grants receivedfrom 1 funder$5

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$124K
Ln 12
Gifts and grantsLn 1h$124K
Money outPt IX
$277K
Ln 25
Programscol B$170K
Managementcol C$86K
Fundraisingcol D$21K
Owns and owesPt X
$10K
net assets · Ln 32
Cash and savingsLn 1–2$14K
Total assetsLn 16$14K
LiabilitiesLn 26$4K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$124K
Government grantsLn 1e$49K
Total revenueLn 12$124K
Assets in detailPt X, end of year
CashLn 1$14K
Cash and savings togetherLn 1–2$14K
Other assetsLn 15$0
Total assetsLn 16$14K
LiabilitiesLn 26$4K
Net assetsLn 32$10K
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$174K$14K
Total assetsLn 16$184K$14K
LiabilitiesLn 26$21K$4K
Net assetsLn 32$163K$10K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$130K$58K$54K$17K
Other salaries and wagesLn 7$28K$28K$0$0
Payroll taxesLn 10$13K$7K$4K$1K
Legal feesLn 11b$250$0$250$0
Accounting feesLn 11c$12K$0$12K$0
Other fees for servicesLn 11g$7K$7K$0$0
Office expensesLn 13$1K$0$1K$0
Information technologyLn 14$15K$15K$0$0
OccupancyLn 16$23K$15K$6K$2K
TravelLn 17$615$615$0$0
InsuranceLn 23$7K$0$7K$0
Other expenses (24a–d)Ln 24$40K$39K$945$0
Total functional expensesLn 25$277K$170K$86K$21K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $14$4K−$4K$0 990 PDF
FY2020 Viewing $124K$277K−$153K$10K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $123,904 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $566,059$123,904
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $459$0
I-12 Total revenuePrior year $566,518$123,904
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $254,365$170,421
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $198,193$106,355
I-18 Total expensesPrior year $452,558$276,776
I-19 Revenue less expensesPrior year $113,960−$152,872
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $123,904 across 4 lines filed
VIII-1e Government grants$48,540
VIII-1f All other contributions, gifts and grants$75,364
VIII-1h Total contributions, gifts and grants$123,904
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$123,904
Part IX · Statement of functional expenses $276,776 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $58,236 · Management $54,390 · Fundraising $17,124$129,750
IX-7 Other salaries and wagesPrograms $27,760 · Management $0 · Fundraising $0$27,760
IX-10 Payroll taxesPrograms $7,493 · Management $4,121 · Fundraising $1,297$12,911
IX-11b Legal feesPrograms $0 · Management $250 · Fundraising $0$250
IX-11c Accounting feesPrograms $0 · Management $12,360 · Fundraising $0$12,360
IX-11g Other fees for servicesPrograms $6,750 · Management $0 · Fundraising $0$6,750
IX-13 Office expensesPrograms $0 · Management $1,052 · Fundraising $0$1,052
IX-14 Information technologyPrograms $15,094 · Management $0 · Fundraising $0$15,094
IX-16 OccupancyPrograms $15,213 · Management $6,107 · Fundraising $2,154$23,474
IX-17 TravelPrograms $615 · Management $0 · Fundraising $0$615
IX-23 InsurancePrograms $0 · Management $6,537 · Fundraising $0$6,537
IX-24 Other expenses (24a–d)Programs $39,278 · Management $945 · Fundraising $0$40,223
IX-25 Total functional expensesPrograms $170,439 · Management $85,762 · Fundraising $20,575$276,776
Part X · Balance sheet $14,003 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $174,268$14,003
X-4 Accounts receivableStart of year $5,000$0
X-9 Prepaid expenses and deferred chargesStart of year $1,799$0
X-15 Other assetsStart of year $2,730$0
X-16 Total assetsStart of year $183,797$14,003
X-17 Accounts payable and accrued expensesStart of year $20,996$4,074
X-26 Total liabilitiesStart of year $20,996$4,074
X-27 Net assets without donor restrictionsStart of year −$89,041$9,929
X-28 Net assets with donor restrictionsStart of year $251,842$0
X-32 Total net assets or fund balancesStart of year $162,801$9,929
X-33 Total liabilities and net assetsStart of year $183,797$14,003
Part XI · Reconciliation of net assets $9,929 net assets at year end
XI-1 Total revenue$123,904
XI-2 Total expenses$276,776
XI-3 Revenue less expenses−$152,872
XI-4 Net assets at start of year$162,801
XI-10 Net assets at end of year$9,929

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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