To increase career readiness for all students through innovative business plan competitions. Suitup's vision is to align the incentives of schools and corporations to ensure that all students have the access and awareness to pursue the college and career of their choosing.

501(c)(3) charity; gifts are tax-deductible.
57¢ of each $1 spent went to programs.
Run by 1,390 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $44K 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
57%
of spending
Worth a look: 57% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$274K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $13K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3K
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
-28% vs prior year
Spent
$1.5M
To programs
57%
Net assets
$337K
By yearFY2019–FY2024
Revenue
$1.2M
FY2024▼ -28%
Tap a bar for its year
Revenue by fiscal year
FY2019$291K
FY2020$367K
FY2021$919K
FY2022$1.2M
FY2023$1.7M
FY2024$1.2M
Expenses
$1.5M
FY2024▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2019$222K
FY2020$308K
FY2021$687K
FY2022$1.1M
FY2023$1.6M
FY2024$1.5M
Net assets
$337K
FY2024▼ -48%
Tap a bar for its year
Net assets by fiscal year
FY2019$139K
FY2020$199K
FY2021$431K
FY2022$535K
FY2023$652K
FY2024$337K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2014.

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

Where the money goes

57 cents of each dollar spent went to programs.

Program services 57% · $880K Management & general 33% · $515K Fundraising 10% · $150K

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

15 people listed on the 990; $274K paid to officers and key staff.

Part VII, Section A · reportable compensation
Interim Exec
$119,772Pt VII · Sec A
Executive Di
$101,727Pt VII · Sec A
Executive Di
$52,051Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Kelsey Smith’s $120K as Interim Exec is at the 45th percentile of top reported officer pay among 3395 $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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2019
Kelsey Smith$119,772—————
Lauren Reilly$52,051$83,382$112,476$115,000$94,741$95,517
Benjamin Pah$101,727—————

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 15aYes

Programs and updates

Inspires student career readiness by hosting innovative business plan competitions.

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Provided by the organization

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1 program · $880K · in their own filed words · FY2024
01

In 2024, suitup served 3,955 students and engaged 2,492 corporate volunteers in suitup's in-person and virtual business programming. Suitup ran 147 business competitions, mock interviews, career panels, and networking for students, ages 10-18, from underserved, underresourced, and underrepresented communities.

$880Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$13K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.2M
Fees for servicesLn 2g$11K
Investment incomeLn 3$529
Money outPt IX
$1.5M
Ln 25
Programscol B$880K
Managementcol C$515K
Fundraisingcol D$150K
Owns and owesPt X
$337K
net assets · Ln 32
Cash and savingsLn 1–2$321K
Total assetsLn 16$340K
LiabilitiesLn 26$3K
PeoplePt VI, VII
15
listed · VII A
PaidVII A3
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Noncash giftsLn 1g$5K
Fundraising eventsLn 1c$22K
Fees for servicesLn 2g$11K
Investment incomeLn 3$529
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$321K
Cash and savings togetherLn 1–2$321K
InvestmentsLn 11–13$13K
Land, buildings, equipmentLn 10c$6K
Total assetsLn 16$340K
LiabilitiesLn 26$3K
Net assetsLn 32$337K
OperationsPt I, VI
EmployeesI 52
VolunteersI 61,390
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 FY24End FY24
Cash and savingsLn 1–2$643K$321K
InvestmentsLn 11–13$5K$13K
Land, buildings, equipmentLn 10c$10K$6K
Total assetsLn 16$659K$340K
LiabilitiesLn 26$7K$3K
Net assetsLn 32$652K$337K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$276K$116K$126K$35K
Other salaries and wagesLn 7$649K$272K$296K$81K
Pension plan contributionsLn 8$20K$9K$9K$3K
Other employee benefitsLn 9$72K$30K$33K$9K
Payroll taxesLn 10$80K$33K$36K$10K
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$245K$245K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$19K$17K$2K$351
Information technologyLn 14$13K$12K$666
OccupancyLn 16$8K$5K$2K$985
TravelLn 17$112K$105K$7K
Depreciation, depletion and amortizationLn 22$4K$3K$1K$206
InsuranceLn 23$1K$849$431$67
Other expenses (24a–d)Ln 24$35K$25K$1K$9K
Total functional expensesLn 25$1.5M$880K$515K$150K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.2M$1.5M−$317K$337K 990 PDF
FY2023 $1.7M$1.6M$117K$652K 990 PDF
FY2022 $1.2M$1.1M$104K$535K 990 PDF
FY2021 $919K$687K$232K$431K 990 PDF
FY2020 $367K$308K$59K$199K 990 PDF
FY2019 $291K$222K$69K$139K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,226,600 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,669,203$1,223,696
I-9 Program service revenuePrior year $44,302$10,515
I-10 Investment incomePrior year $39$529
I-11 Other revenuePrior year −$11,875−$8,140
I-12 Total revenuePrior year $1,701,669$1,226,600
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,077,380$1,096,308
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $507,355$447,482
I-18 Total expensesPrior year $1,584,735$1,543,790
I-19 Revenue less expensesPrior year $116,934−$317,190
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsYes
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 $1,226,600 across 8 lines filed
VIII-1c Fundraising events$21,500
VIII-1f All other contributions, gifts and grants$1,202,196
VIII-1g Noncash contributions (included above)$5,244
VIII-1h Total contributions, gifts and grants$1,223,696
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,515$10,515
VIII-3 Investment incomeExcluded from tax $529$529
VIII-8 Net income from fundraising eventsExcluded from tax −$8,140−$8,140
VIII-12 Total revenueRelated to mission $10,515 · Excluded from tax −$7,611$1,226,600
Part IX · Statement of functional expenses $1,543,790 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $115,691 · Management $125,731 · Fundraising $34,527$275,949
IX-7 Other salaries and wagesPrograms $272,043 · Management $295,646 · Fundraising $81,189$648,878
IX-8 Pension plan contributionsPrograms $8,524 · Management $9,264 · Fundraising $2,544$20,332
IX-9 Other employee benefitsPrograms $29,990 · Management $32,592 · Fundraising $8,950$71,532
IX-10 Payroll taxesPrograms $33,379 · Management $36,276 · Fundraising $9,962$79,617
IX-11c Accounting feesPrograms $8,022$8,022
IX-11g Other fees for servicesPrograms $244,827$244,827
IX-12 Advertising and promotionFundraising $1,650$1,650
IX-13 Office expensesPrograms $16,574 · Management $2,245 · Fundraising $351$19,170
IX-14 Information technologyPrograms $12,225 · Management $666$12,891
IX-16 OccupancyPrograms $4,849 · Management $2,463 · Fundraising $985$8,297
IX-17 TravelPrograms $105,045 · Management $6,849$111,894
IX-22 Depreciation, depletion and amortizationPrograms $2,602 · Management $1,321 · Fundraising $206$4,129
IX-23 InsurancePrograms $849 · Management $431 · Fundraising $67$1,347
IX-24 Other expenses (24a–d)Programs $24,992 · Management $1,063 · Fundraising $9,200$35,255
IX-25 Total functional expensesPrograms $879,612 · Management $514,547 · Fundraising $149,631$1,543,790
Part X · Balance sheet $339,932 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $643,462$321,069
X-10c Land, buildings and equipment, netStart of year $10,444$6,315
X-11 Publicly traded securitiesStart of year $5,298$12,548
X-16 Total assetsStart of year $659,204$339,932
X-17 Accounts payable and accrued expensesStart of year $7,159$3,071
X-26 Total liabilitiesStart of year $7,159$3,071
X-27 Net assets without donor restrictionsStart of year $652,045$336,861
X-32 Total net assets or fund balancesStart of year $652,045$336,861
X-33 Total liabilities and net assetsStart of year $659,204$339,932
Part XI · Reconciliation of net assets $336,861 net assets at year end
XI-1 Total revenue$1,226,600
XI-2 Total expenses$1,543,790
XI-3 Revenue less expenses−$317,190
XI-4 Net assets at start of year$652,045
XI-5 Net unrealized gains (losses) on investments$2,006
XI-10 Net assets at end of year$336,861

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

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