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.
74¢ of each $1 spent went to programs.
$112K 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

FY2022 · 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
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$112K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 5.5 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
$5K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 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
$1.2M
+33% vs prior year
Spent
$1.1M
To programs
74%
Net assets
$535K
By yearFY2019–FY2024
Revenue
$1.2M
FY2022▲ +33%
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
$1.1M
FY2022▲ +63%
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
$535K
FY2022▲ +24%
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 FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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

74 cents of each dollar spent went to programs.

Program services 74% · $831K Management & general 17% · $191K Fundraising 9% · $98K

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

10 people listed on the 990; $112K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$112,476Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$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 · $831K · in their own filed words · FY2022
01

In 2022, suitup served 5,419 students and engaged 3,186 corporate volunteers in suitup's in-person and virtual business programming. Suitup ran 185 business competitions, mock interviews, career panels, and networking for students, ages 10-18, from underserved, underresourced, and underrepresented communities.

$831Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.1M
Other incomeLn 4–11$137K
Fees for servicesLn 2g$12K
Money outPt IX
$1.1M
Ln 25
Programscol B$831K
Managementcol C$191K
Fundraisingcol D$98K
Owns and owesPt X
$535K
net assets · Ln 32
Cash and savingsLn 1–2$509K
Total assetsLn 16$540K
LiabilitiesLn 26$5K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Fundraising eventsLn 1c$12K
Fees for servicesLn 2g$12K
Investment incomeLn 3$18
Other incomeLn 4–11$137K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$509K
Cash and savings togetherLn 1–2$509K
Land, buildings, equipmentLn 10c$12K
Total assetsLn 16$540K
LiabilitiesLn 26$5K
Net assetsLn 32$535K
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 FY22End FY22
Cash and savingsLn 1–2$410K$509K
Land, buildings, equipmentLn 10c$10K$12K
Total assetsLn 16$434K$540K
LiabilitiesLn 26$3K$5K
Net assetsLn 32$431K$535K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$116K$87K$17K$12K
Other salaries and wagesLn 7$589K$442K$88K$59K
Pension plan contributionsLn 8$10K$8K$2K$999
Other employee benefitsLn 9$53K$40K$8K$5K
Payroll taxesLn 10$55K$41K$8K$6K
Accounting feesLn 11c$35K$21K$15K
Other fees for servicesLn 11g$96K$76K$20K
Advertising and promotionLn 12$643$643
Office expensesLn 13$21K$16K$4K$664
Information technologyLn 14$24K$20K$4K
OccupancyLn 16$14K$4K$2K$8K
TravelLn 17$67K$47K$21K
Depreciation, depletion and amortizationLn 22$4K$2K$1K$177
InsuranceLn 23$2K$1K$757$118
Other expenses (24a–d)Ln 24$32K$26K$6K
Total functional expensesLn 25$1.1M$831K$191K$98K

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 Viewing $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 FY2022 990 (6 parts)
Part I · Summary $1,224,310 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $878,737$1,075,723
I-9 Program service revenuePrior year $12,600$11,555
I-10 Investment income$18
I-11 Other revenuePrior year $27,534$137,014
I-12 Total revenuePrior year $918,871$1,224,310
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $491,405$822,939
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $195,243$297,162
I-18 Total expensesPrior year $686,648$1,120,101
I-19 Revenue less expensesPrior year $232,223$104,209
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $1,224,310 across 8 lines filed
VIII-1c Fundraising events$11,591
VIII-1f All other contributions, gifts and grants$1,064,132
VIII-1h Total contributions, gifts and grants$1,075,723
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,555$11,555
VIII-3 Investment incomeExcluded from tax $18$18
VIII-8 Net income from fundraising eventsExcluded from tax $53,382$53,382
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $83,632$83,632
VIII-12 Total revenueRelated to mission $11,555 · Excluded from tax $137,032$1,224,310
Part IX · Statement of functional expenses $1,120,101 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $86,933 · Management $17,379 · Fundraising $11,586$115,898
IX-7 Other salaries and wagesPrograms $441,884 · Management $88,337 · Fundraising $58,891$589,112
IX-8 Pension plan contributionsPrograms $7,501 · Management $1,500 · Fundraising $999$10,000
IX-9 Other employee benefitsPrograms $39,563 · Management $7,908 · Fundraising $5,273$52,744
IX-10 Payroll taxesPrograms $41,393 · Management $8,275 · Fundraising $5,517$55,185
IX-11c Accounting feesPrograms $20,715 · Management $14,685$35,400
IX-11g Other fees for servicesPrograms $76,345 · Management $19,822$96,167
IX-12 Advertising and promotionFundraising $643$643
IX-13 Office expensesPrograms $16,495 · Management $4,250 · Fundraising $664$21,409
IX-14 Information technologyPrograms $19,903 · Management $4,053$23,956
IX-16 OccupancyPrograms $3,856 · Management $1,958 · Fundraising $8,206$14,020
IX-17 TravelPrograms $46,872 · Management $20,613$67,485
IX-22 Depreciation, depletion and amortizationPrograms $2,227 · Management $1,131 · Fundraising $177$3,535
IX-23 InsurancePrograms $1,492 · Management $757 · Fundraising $118$2,367
IX-24 Other expenses (24a–d)Programs $25,935 · Fundraising $6,245$32,180
IX-25 Total functional expensesPrograms $831,114 · Management $190,668 · Fundraising $98,319$1,120,101
Part X · Balance sheet $539,642 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $409,564$508,937
X-9 Prepaid expenses and deferred chargesStart of year $14,328$19,104
X-10c Land, buildings and equipment, netStart of year $10,108$11,601
X-16 Total assetsStart of year $434,000$539,642
X-17 Accounts payable and accrued expensesStart of year $3,098$4,531
X-26 Total liabilitiesStart of year $3,098$4,531
X-27 Net assets without donor restrictionsStart of year $430,902$535,111
X-32 Total net assets or fund balancesStart of year $430,902$535,111
X-33 Total liabilities and net assetsStart of year $434,000$539,642
Part XI · Reconciliation of net assets $535,111 net assets at year end
XI-1 Total revenue$1,224,310
XI-2 Total expenses$1,120,101
XI-3 Revenue less expenses$104,209
XI-4 Net assets at start of year$430,902
XI-10 Net assets at end of year$535,111

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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