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.
68¢ of each $1 spent went to programs.
$115K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$115K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
7 mo
of spending, in cash
Looks good: 7.2 months of spending in cash; 3 or more.
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
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$919K
+150% vs prior year
Spent
$687K
To programs
68%
Net assets
$431K
By yearFY2019–FY2024
Revenue
$919K
FY2021▲ +150%
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
$687K
FY2021▲ +123%
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
$431K
FY2021▲ +117%
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 FY2021 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

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

68 cents of each dollar spent went to programs.

Program services 68% · $470K Management & general 26% · $179K Fundraising 5% · $38K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

10 people listed on the 990; $115K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$115,000Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Co Founder & Board Chair
$0Pt VII · Sec A
$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.

See Suitup Incorporated executive salaries →

On this list? Claim this org

Something off? Claim to add context

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.

Questions for Suitup Incorporated

Tap to ask. Suitup Incorporated sees how many people are interested.

Your first name shows with your question. Suitup Incorporated answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $470K · in their own filed words · FY2021
01

During 2021, suitup ran its virtual program, suitup at home, due to the pandemic. Similar to suitup's in-person programming, students from underserved communities had the opportuntiy to learn about the business world through innovative virtual business competitiosn with corporate volunteers.

$470Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$919K
Ln 12
Gifts and grantsLn 1h$879K
Other incomeLn 4–11$28K
Fees for servicesLn 2g$13K
Money outPt IX
$687K
Ln 25
Programscol B$470K
Managementcol C$179K
Fundraisingcol D$38K
Owns and owesPt X
$431K
net assets · Ln 32
Cash and savingsLn 1–2$410K
Total assetsLn 16$434K
LiabilitiesLn 26$3K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$879K
Government grantsLn 1e$32K
Noncash giftsLn 1g$12K
Fundraising eventsLn 1c$21K
Fees for servicesLn 2g$13K
Other incomeLn 4–11$28K
Total revenueLn 12$919K
Assets in detailPt X, end of year
CashLn 1$410K
Cash and savings togetherLn 1–2$410K
Land, buildings, equipmentLn 10c$10K
Total assetsLn 16$434K
LiabilitiesLn 26$3K
Net assetsLn 32$431K
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 FY21End FY21
Cash and savingsLn 1–2$192K$410K
Land, buildings, equipmentLn 10c$0$10K
Total assetsLn 16$209K$434K
LiabilitiesLn 26$10K$3K
Net assetsLn 32$199K$431K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$115K$92K$23K
Other salaries and wagesLn 7$307K$264K$44K
Pension plan contributionsLn 8$11K$7K$4K$288
Other employee benefitsLn 9$23K$14K$7K$1K
Payroll taxesLn 10$35K$22K$11K$2K
Legal feesLn 11b$28K$18K$9K$2K
Other fees for servicesLn 11g$1K$915$470$80
Advertising and promotionLn 12$7K$7K
Office expensesLn 13$9K$6K$2K$392
Information technologyLn 14$16K$10K$5K$889
OccupancyLn 16$8K$5K$3K$444
TravelLn 17$8K$8K
Depreciation, depletion and amortizationLn 22$3K$2K$829$141
InsuranceLn 23$2K$1K$767$130
Other expenses (24a–d)Ln 24$111K$111K
Total functional expensesLn 25$687K$470K$179K$38K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $919K$687K$232K$431K 990 PDF
FY2020 $367K$308K$59K$199K 990 PDF
FY2019 $291K$222K$69K$139K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $918,871 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $369,871$878,737
I-9 Program service revenuePrior year $0$12,600
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year −$2,528$27,534
I-12 Total revenuePrior year $367,343$918,871
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $226,279$491,405
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $81,817$195,243
I-18 Total expensesPrior year $308,096$686,648
I-19 Revenue less expensesPrior year $59,247$232,223
Part VI · Governance 8 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members8
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 $918,871 across 8 lines filed
VIII-1c Fundraising events$21,322
VIII-1e Government grants$32,030
VIII-1f All other contributions, gifts and grants$825,385
VIII-1g Noncash contributions (included above)$11,895
VIII-1h Total contributions, gifts and grants$878,737
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,600$12,600
VIII-8 Net income from fundraising eventsExcluded from tax $27,534$27,534
VIII-12 Total revenueRelated to mission $12,600 · Unrelated business $0 · Excluded from tax $27,534$918,871
Part IX · Statement of functional expenses $686,648 across 15 lines filed
IX-5 Pay of current officers, directors and key staffManagement $92,000 · Fundraising $23,000$115,000
IX-7 Other salaries and wagesPrograms $263,725 · Management $43,541$307,266
IX-8 Pension plan contributionsPrograms $7,301 · Management $3,639 · Fundraising $288$11,228
IX-9 Other employee benefitsPrograms $14,341 · Management $7,402 · Fundraising $1,388$23,131
IX-10 Payroll taxesPrograms $21,564 · Management $11,130 · Fundraising $2,086$34,780
IX-11b Legal feesPrograms $17,676 · Management $9,083 · Fundraising $1,541$28,300
IX-11g Other fees for servicesPrograms $915 · Management $470 · Fundraising $80$1,465
IX-12 Advertising and promotionFundraising $7,358$7,358
IX-13 Office expensesPrograms $6,302 · Management $2,305 · Fundraising $392$8,999
IX-14 Information technologyPrograms $10,192 · Management $5,237 · Fundraising $889$16,318
IX-16 OccupancyPrograms $5,097 · Management $2,619 · Fundraising $444$8,160
IX-17 TravelPrograms $8,216$8,216
IX-22 Depreciation, depletion and amortizationPrograms $1,613 · Management $829 · Fundraising $141$2,583
IX-23 InsurancePrograms $1,494 · Management $767 · Fundraising $130$2,391
IX-24 Other expenses (24a–d)Programs $111,453$111,453
IX-25 Total functional expensesPrograms $469,889 · Management $179,022 · Fundraising $37,737$686,648
Part X · Balance sheet $434,000 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $191,984$409,564
X-9 Prepaid expenses and deferred chargesStart of year $16,830$14,328
X-10c Land, buildings and equipment, netStart of year $0$10,108
X-16 Total assetsStart of year $208,814$434,000
X-17 Accounts payable and accrued expensesStart of year $10,135$3,098
X-26 Total liabilitiesStart of year $10,135$3,098
X-27 Net assets without donor restrictionsStart of year $198,679$430,902
X-32 Total net assets or fund balancesStart of year $198,679$430,902
X-33 Total liabilities and net assetsStart of year $208,814$434,000
Part XI · Reconciliation of net assets $430,902 net assets at year end
XI-1 Total revenue$918,871
XI-2 Total expenses$686,648
XI-3 Revenue less expenses$232,223
XI-4 Net assets at start of year$198,679
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$430,902

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.