Emerge Fellowship EIN 45-4077397 Form 990 (PDF) Claim this org

Emerge Fellowship

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Prepares and supports students for college success and graduation. For fiscal year 2024 it reported $7.5M in revenue, $7.4M in expenses, and $5.8M in net assets.Pt I

Founded
2013
Type
Public charity (501(c)(3)) · Education
Location
Houston, TX
Website
emergescholars.org
Filings
5 on file (2020–2024)
Revenue
$7.5MFY2024
Expenses
$7.4M
Net assets
$5.8M
People
27
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-4077397 Public charity (501(c)(3)) Houston, TX Founded 2013
Form 990 (PDF)
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Figures match the IRS filing checked 8/20/26 · see original: IRS
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Size
$1–10M
What they do
Prepares and supports students for college success and graduation.
Leadership
Anastasia Lindo Anderson · CEO to 12/24 · $238K
Money in and out
$7.5M revenue, $7.4M expenses
Bottom line
74% program efficiency
Where the money goes · FY2024
Total revenue
$7.5M
Pt VIII · Ln 12
Total expenses
$7.4M
Pt IX · Ln 25
Net assets
$5.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $95K
Where spending went · Part IX cols B–D
Program services $0.74 Management & general $0.13 Fundraising $0.13
Program efficiency
74%
of spending reaches programs▲ +0.8% vs prior filing year
Operating runway
7.4mo
months of highly liquid reserves at operating expense rate▼ -12% vs prior filing year
Surplus margin
+1%
revenue over expenses, this year▲ +267% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$7.5M
FY2024▲ +25%
Expenses
$7.4M
FY2024▲ +23%
Total assets
$6.3M
FY2024▲ +7%
Total liabilities
$520K
FY2024▲ +147%
Total revenue
$7.5M
Pt VIII · Ln 12
Total expenses
$7.4M
Pt IX · Ln 25
Net assets
$5.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$95K
Total assetsPt X · Ln 16$6.3M
Program-expense ratioPt IX · col B74%
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 418
Mission & Programs · Part III

Where the work happens

1 program service account for $5.4M of program spending, described in the organization's own filed words · FY2024.
01

EMERGE provides a holistic, developmental college readiness curriculum tailored to high-achieving students from low-income communities, helping them apply to, thrive at, and graduate from the nation's best colleges and institutions with strong graduation rates and robust financial aid that position students for long-term success.

$5.4Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEmerge Fellowship
EINHdr · item D45-4077397
Principal addressHdr · item CHouston, TX
WebsiteHdr · item Jemergescholars.org
Year of formationHdr · item L2013
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFMar 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a18
Independent voting membersPt VI · Ln 1b18
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
$237,827Pt VII · Sec A
VP Programs
$171,085Pt VII · Sec A
VP External Affairs
$171,064Pt VII · Sec A
VP People & Culture
$143,736Pt VII · Sec A
Managing Director Data and Evaluation
$133,757Pt VII · Sec A
VP Strategy & Growth to 2/25
$123,476Pt VII · Sec A
Managing Director, College Access
$108,658Pt VII · Sec A
Director
$0Pt VII · Sec A

Anastasia Lindo Anderson’s $238K as CEO to 12/24 is at the 89th percentile of top reported officer pay among 3393 $1–10M 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
Anastasia Lindo Anderson$237,827
Dr Anastasia Lindo Anderson$212,625$146,013
Tarah Burris$171,085
Janicca Garcia$171,064$153,375
Trisha Cornwell$145,688$124,617$132,125
Maurisa Lenz$143,736
Mubeen Khumawala$123,476$143,483
Sarah Divine$135,457$108,327

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$5.2M · 70%
Program service revenue$2.2M · 29%
Investment income$139K · 2%
Contributions & grants70%$5.2M
Program service revenue29%$2.2M
Investment income2%$139K
Total revenueLn 12$7.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.74 Management & general $0.13 Fundraising $0.13
Program services74%$5.4M
Management & general13%$992K
Fundraising13%$963K
Total functional expensesLn 25$7.4M

Balance Sheet

Part X · end of year
CashLn 1$4.6M
Total assetsLn 16$6.3M
Total liabilitiesLn 26$520K
Total net assetsLn 32$5.8M
Months of cash on handcomputed7.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4.6M · Operating expenses (Pt IX) $7.4M · Less non-cash grants $41K · Cash operating expenses/yr $7.4M
7.4 months
Where the money goes
Program services
Program services $5.4M · Total expenses $7.4M
74%
Management & General
Management & general $992K · Total expenses $7.4M
13%
Fundraising
Fundraising $963K · Total expenses $7.4M
13%
Cost to raise $1
Fundraising expense (3-yr avg) $824K · Solicited contributions (3-yr avg) $4.6M
$0.18 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $5.2M · Total revenue $7.5M
70%
Government reliance
Government grants — · Total revenue $7.5M
Earned-income share
Program service revenue $2.2M · Total revenue $7.5M
29%
Investment reliance
Investment income $139K · Total revenue $7.5M
+2%
Program self-sufficiency
Program service revenue $2.2M · Total expenses $7.4M
29%
Growth & trend
Revenue growth (YoY)
This year $7.5M · Prior year $6.0M
+25%
Revenue CAGR
FY2019 $4.7M · FY2024 $7.5M
+10%
Net-asset trend (YoY)
End of year $5.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $7.5M · Expenses $7.4M
+1%
Liabilities-to-Assets
Total liabilities — · Total assets $6.3M
Net-asset ratio
Net assets $5.8M · Total assets $6.3M
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $6.3M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Anastasia Lindo Anderson · Reported title CEO to 12/24 · Highest reported compensation $238K · Total expenses $7.4M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $5.1M · Total expenses $7.4M
69%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 74%
Overhead ratio 13%
Fundraising cost ratio 18%
Revenue growth 25%

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
Total grants receivedfrom 2 funders$16K
Grants paid · 6 grants · $876K · 2019–2024
Unitemized GrantFY2024$59,701
Unitemized GrantFY2023$68,261
Unitemized GrantFY2022$89,251
Unitemized GrantFY2021$186,221
Unitemized GrantFY2020$319,168
Unitemized GrantFY2019$153,486

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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$6.0M revenue · ⤓ 990 PDF
FY2023$6.9M revenue · ⤓ 990 PDF
FY2022$4.4M revenue · ⤓ 990 PDF
FY2021$4.6M revenue · ⤓ 990 PDF
FY2020$4.7M 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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