Propel Education FY2024 filing

Tax-deductible

Birmingham, AL501(c)(3)Since 2015EmploymentEIN 47-4045034Revenue $11.4M in FY2024

On file with the IRSedfarm.org1914 4th Ave N Ste 200, 35203-3510 · Birmingham, ALTax-exempt since Jun 2015Publicly supported charity — 170(b)(1)(A)(vi)

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Education farm ("ed farm") equips educators in schools and commmunities with innovative tools that support active learning for all students.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$1.3M 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

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $1.2M a year · 10% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.3M
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 12.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $65K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8.1M
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.4M
×16 vs prior year
Spent
$14.8M
To programs
87%
Net assets
$20.3M
By yearFY2020–FY2025
Revenue
$11.4M
FY2024▲ ×16
Tap a bar for its year
Revenue by fiscal year
FY2020$6.2M
FY2021$29.0M
FY2022$731K
FY2024$11.4M
FY2025$8.5M
Expenses
$14.8M
FY2024▲ +68%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.2M
FY2021$11.3M
FY2022$8.8M
FY2024$14.8M
FY2025$12.9M
Net assets
$20.3M
FY2024▼ -30%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.9M
FY2021$22.6M
FY2022$29.1M
FY2024$20.3M
FY2025$16.1M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2015.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $13.0M Management & general 12% · $1.8M Fundraising 0% · $59K

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; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President, Ed Farm
$200,000Pt VII · Sec A
SVP, Impact & Programs
$180,006Pt VII · Sec A
Chief Innovation & Design Off
$175,135Pt VII · Sec A
VP, Community & External Affai
$169,940Pt VII · Sec A
VP, Talent & Culture
$156,282Pt VII · Sec A
SR Dir, Work Based Learning
$132,842Pt VII · Sec A
SR Dir, Develop Communications
$116,929Pt VII · Sec A
President, Propel Operations
$92,049Pt VII · Sec A

Lisa Herring’s $319K as President, Propel Center is at the 97th percentile of top reported officer pay among 1245 $1–10M employment 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

NameFY2025FY2024FY2022FY2021FY2020
Sherrie Deans——$603,185——
Waymond Jackson$193,077$200,000$338,568$163,200$117,194
Lisa Herring$319,033$92,049———
Juanita Reynolds——$294,941$107,396—
Charles Gibbs——$281,468——
Hae-Sin Kim Thomas——$246,100——
Camesha Whittaker$202,825$175,135———
Eugene Wade——$53,959$185,357—

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Equips educators with tools for active learning in schools and communities.

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Provided by the organization

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3 programs · $12.5M · in their own filed words · FY2023
01

Propel

Propel center is in the planning phases. It is a physical and virtual campus to provide historically black colleges and universities (hbcu) with shared services to support their work of preparing leaders who improve our world.

$7.8Mprogram expense
02

See schedule o

$4.6Mprogram expense
03

See schedule o

$191Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$65K
Grants paid · 31 grants · $6.0M · 2020–2024
Unitemized GrantFY2024$113,076
Unitemized GrantFY2023$406,520
Unitemized GrantFY2023$42,500
Unitemized GrantFY2022$890,000
Unitemized GrantFY2022$360,909
Harris-Stowe Foundation INCMO · FY2022$200,000
Cheyney FoundationPA · FY2022$200,000
Unitemized GrantFY2022$48,879
Unitemized GrantFY2022$35,000
Unitemized GrantFY2022$26,343
Unitemized GrantFY2022$9,500
See all 31 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$11.4M
Ln 12
Gifts and grantsLn 1h$9.8M
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$474K
Money outPt IX
$14.8M
Ln 25
Programscol B$13.0M
Managementcol C$1.8M
Fundraisingcol D$59K
Owns and owesPt X
$20.3M
net assets · Ln 32
Cash and savingsLn 1–2$15.3M
Total assetsLn 16$28.4M
LiabilitiesLn 26$8.1M
PeoplePt VI, VII
15
listed · VII A
PaidVII A9
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9.8M
Government grantsLn 1e$2.2M
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$474K
Gains on assetsLn 7$0
Total revenueLn 12$11.4M
Assets in detailPt X, end of year
CashLn 1$15.3M
SavingsLn 2$0
Cash and savings togetherLn 1–2$15.3M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$5.6M
Other assetsLn 15$7.0M
Total assetsLn 16$28.4M
LiabilitiesLn 26$8.1M
Net assetsLn 32$20.3M
OperationsPt I, VI
EmployeesI 588
VolunteersI 66
Fiscal year endsHeaderJune
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$18.5M$15.3M
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$6.0M$5.6M
Total assetsLn 16$32.0M$28.4M
LiabilitiesLn 26$8.2M$8.1M
Net assetsLn 32$23.9M$20.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$449K$449K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$522K$476K$46K$462
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$5.8M$5.3M$503K$5K
Pension plan contributionsLn 8$45K$41K$4K$40
Other employee benefitsLn 9$410K$374K$36K$362
Payroll taxesLn 10$506K$461K$44K$447
Management feesLn 11a$0
Legal feesLn 11b$542K$542K
Accounting feesLn 11c$67K$67K
Lobbying feesLn 11d$122K$122K
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$562K$363K$179K$21K
Advertising and promotionLn 12$1.8M$1.7M$40K
Office expensesLn 13$127K$104K$22K$58
Information technologyLn 14$225K$185K$40K$103
RoyaltiesLn 15$0
OccupancyLn 16$603K$602K$1K$18
TravelLn 17$881K$812K$58K$12K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$701K$645K$46K$9K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$531K$478K$53K$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$993K$979K$2K$11K
Total functional expensesLn 25$14.8M$13.0M$1.8M$59K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $8.5M$12.9M−$4.4M$16.1M 990 PDF
FY2024 Viewing $11.4M$14.8M−$3.4M$20.3M 990 PDF
FY2023 Not on file
FY2022 $731K$8.8M−$8.1M$29.1M 990 PDF
FY2021 $29.0M$11.3M$17.7M$22.6M 990 PDF
FY2020 $6.2M$2.2M$4.0M$4.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $11,398,307 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,585,808$9,827,765
I-9 Program service revenuePrior year $950,454$1,096,789
I-10 Investment incomePrior year $119,159$473,753
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $12,655,421$11,398,307
I-13 Grants and similar amounts paidPrior year $1,457,077$449,020
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $7,465,688$7,263,021
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $8,945,436$7,108,411
I-18 Total expensesPrior year $17,868,201$14,820,452
I-19 Revenue less expensesPrior year −$5,212,780−$3,422,145
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $11,398,307 across 10 lines filed
VIII-1e Government grants$2,237,503
VIII-1f All other contributions, gifts and grants$7,590,262
VIII-1h Total contributions, gifts and grants$9,827,765
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,096,789$1,096,789
VIII-3 Investment incomeExcluded from tax $473,753$473,753
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $1,096,789 · Excluded from tax $473,753$11,398,307
Part IX · Statement of functional expenses $14,820,452 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $449,020$449,020
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $476,438 · Management $45,509 · Fundraising $462$522,409
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $5,270,904 · Management $503,475 · Fundraising $5,110$5,779,489
IX-8 Pension plan contributionsPrograms $41,139 · Management $3,930 · Fundraising $40$45,109
IX-9 Other employee benefitsPrograms $373,984 · Management $35,722 · Fundraising $362$410,068
IX-10 Payroll taxesPrograms $461,424 · Management $44,075 · Fundraising $447$505,946
IX-11a Management fees$0
IX-11b Legal feesManagement $542,462$542,462
IX-11c Accounting feesManagement $66,699$66,699
IX-11d Lobbying feesManagement $122,090$122,090
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $362,768 · Management $178,853 · Fundraising $20,869$562,490
IX-12 Advertising and promotionPrograms $1,714,812 · Management $39,641$1,754,453
IX-13 Office expensesPrograms $104,261 · Management $22,452 · Fundraising $58$126,771
IX-14 Information technologyPrograms $184,688 · Management $39,772 · Fundraising $103$224,563
IX-15 Royalties$0
IX-16 OccupancyPrograms $601,739 · Management $1,170 · Fundraising $18$602,927
IX-17 TravelPrograms $811,712 · Management $58,018 · Fundraising $11,585$881,315
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $645,300 · Management $46,124 · Fundraising $9,211$700,635
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $478,178 · Management $53,131 · Fundraising $0$531,309
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $979,444 · Management $2,200 · Fundraising $11,053$992,697
IX-25 Total functional expensesPrograms $12,955,811 · Management $1,805,323 · Fundraising $59,318$14,820,452
Part X · Balance sheet $28,375,688 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $18,537,778$15,271,716
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $830,294$265,453
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $19,650$235,494
X-10c Land, buildings and equipment, netStart of year $5,988,622$5,583,765
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $6,634,946$7,019,260
X-16 Total assetsStart of year $32,011,290$28,375,688
X-17 Accounts payable and accrued expensesStart of year $1,787,937$1,240,760
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $6,363,587$6,872,057
X-26 Total liabilitiesStart of year $8,151,524$8,112,817
X-27 Net assets without donor restrictionsStart of year $1,264,803$775,392
X-28 Net assets with donor restrictionsStart of year $22,594,963$19,487,479
X-32 Total net assets or fund balancesStart of year $23,859,766$20,262,871
X-33 Total liabilities and net assetsStart of year $32,011,290$28,375,688
Part XI · Reconciliation of net assets $20,262,871 net assets at year end
XI-1 Total revenue$11,398,307
XI-2 Total expenses$14,820,452
XI-3 Revenue less expenses−$3,422,145
XI-4 Net assets at start of year$23,859,766
XI-8 Prior period adjustments−$174,750
XI-10 Net assets at end of year$20,262,871

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

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