501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Status: IRS Pub. 78 · Programs: Part IX

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
1 of 4
filings with a surplus
Average deficit $2.2M a year · 57% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $22K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$80.5M
68% of total assets
Worth a look: liabilities are 68% of assets; over 65%.
Pt X · Ln 26
Independent board members
11
of 12 voting members
Looks good: 11 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.4M
-51% vs prior year
Spent
$14.5M
To programs
96%
Net assets
$37.3M
By yearFY2020–FY2024
Revenue
$6.4M
FY2024▼ -51%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2023$604K
FY2024$12.9M
FY2024$6.4M
Expenses
$14.5M
FY2024▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.5M
FY2021$1.7M
FY2023$7.1M
FY2024$12.3M
FY2024$14.5M
Net assets
$37.3M
FY2024▼ -18%
Tap a bar for its year
Net assets by fiscal year
FY2020−$660K
FY2021−$1.1M
FY2023$44.8M
FY2024$45.4M
FY2024$37.3M

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

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2015.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $13.9M Management & general 4% · $607K

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

23 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Board Chair & Treas. (thru 03/24)
$0Pt VII · Sec A
Director (thru 12/24)
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Andrew Rasiej’s $176K as CEO & Founder is at the 26th percentile of top reported officer pay among 573 $10–100M community development 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 · 6 named individuals · Part VII

NameFY2023FY2021FY2020
Andrew Rasiej$175,921$195,555$97,198
Sarah Holloway—$152,500$134,375
Taj Haider—$114,748$125,635
Micah Sifry——$124,962
Jessica Lawrence Quinn——$113,974
Anthony Russomano——$101,364

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

Builds and pilots technology to improve public good and workforce development for underserved communities.

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Provided by the organization

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1 program · $13.9M · in their own filed words · FY2024
01

See schedule o

$13.9Mprogram 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 · FY2024
Total grants receivedfrom 2 funders$22K
Grants paid · 2 grants · $90K · 2023–2024
Unitemized GrantFY2024$70,489
Unitemized GrantFY2023$19,012

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$6.4M
Ln 12
Fees for servicesLn 2g$5.7M
Gifts and grantsLn 1h$613K
Other incomeLn 4–11$16K
Money outPt IX
$14.5M
Ln 25
Programscol B$13.9M
Managementcol C$607K
Owns and owesPt X
$37.3M
net assets · Ln 32
Cash and savingsLn 1–2$2.5M
Total assetsLn 16$117.7M
LiabilitiesLn 26$80.5M
PeoplePt VI, VII
23
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$613K
Fees for servicesLn 2g$5.7M
Investment incomeLn 3$4K
Other incomeLn 4–11$16K
Total revenueLn 12$6.4M
Assets in detailPt X, end of year
CashLn 1$2.5M
SavingsLn 2$10K
Cash and savings togetherLn 1–2$2.5M
Land, buildings, equipmentLn 10c$25.6M
Other assetsLn 15$86.4M
Total assetsLn 16$117.7M
LiabilitiesLn 26$80.5M
Net assetsLn 32$37.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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$16.4M$2.5M
Land, buildings, equipmentLn 10c$25.8M$25.6M
Total assetsLn 16$137.6M$117.7M
LiabilitiesLn 26$92.1M$80.5M
Net assetsLn 32$45.4M$37.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$71K$71K
Other salaries and wagesLn 7$512K$493K$19K
Pension plan contributionsLn 8$35K$34K$1K
Other employee benefitsLn 9$71K$69K$3K
Payroll taxesLn 10$23K$22K$847
Legal feesLn 11b$31K$31K
Other fees for servicesLn 11g$895K$895K
Advertising and promotionLn 12$94$94
Office expensesLn 13$288K$287K$1K
Information technologyLn 14$98K$98K
OccupancyLn 16$9.6M$9.6M
TravelLn 17$22K$22K
InterestLn 20$522K$522K
Depreciation, depletion and amortizationLn 22$1.2M$1.1M$61K
InsuranceLn 23$15K$15K
Other expenses (24a–d)Ln 24$163K$163K
All other expensesLn 24e$1.0M$1.0M$56
Total functional expensesLn 25$14.5M$13.9M$607K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $12.9M$12.3M$625K$45.4M 990 PDF
FY2023 $604K$7.1M−$6.5M$44.8M 990 PDF
FY2022 Not on file
FY2021 $1.1M$1.7M−$627K−$1.1M 990 PDF
FY2020 $1.1M$3.5M−$2.5M−$660K 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 $6,351,771 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,192,584$612,729
I-9 Program service revenuePrior year $2,653,515$5,719,260
I-10 Investment incomePrior year $66,107$3,834
I-11 Other revenuePrior year $0$15,948
I-12 Total revenuePrior year $12,912,206$6,351,771
I-13 Grants and similar amounts paidPrior year $19,012$70,849
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $571,495$641,786
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $11,696,580$13,787,768
I-18 Total expensesPrior year $12,287,087$14,500,403
I-19 Revenue less expensesPrior year $625,119−$8,148,632
Part VI · Governance 11 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members11
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 $6,351,771 across 5 lines filed
Lines not itemized here account for $15,948 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$612,729
VIII-1h Total contributions, gifts and grants$612,729
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,719,260$5,719,260
VIII-3 Investment incomeExcluded from tax $3,834$3,834
VIII-12 Total revenueRelated to mission $5,719,260 · Unrelated business $0 · Excluded from tax $19,782$6,351,771
Part IX · Statement of functional expenses $14,500,403 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $70,849$70,849
IX-7 Other salaries and wagesPrograms $493,198 · Management $18,935$512,133
IX-8 Pension plan contributionsPrograms $34,099 · Management $1,309$35,408
IX-9 Other employee benefitsPrograms $68,700 · Management $2,638$71,338
IX-10 Payroll taxesPrograms $22,060 · Management $847$22,907
IX-11b Legal feesPrograms $31,443$31,443
IX-11g Other fees for servicesPrograms $894,779$894,779
IX-12 Advertising and promotionPrograms $94$94
IX-13 Office expensesPrograms $286,908 · Management $1,072$287,980
IX-14 Information technologyPrograms $98,125$98,125
IX-16 OccupancyPrograms $9,564,644$9,564,644
IX-17 TravelPrograms $22,444$22,444
IX-20 InterestManagement $521,771$521,771
IX-22 Depreciation, depletion and amortizationPrograms $1,100,785 · Management $60,624$1,161,409
IX-23 InsurancePrograms $14,729$14,729
IX-24 Other expenses (24a–d)Programs $162,516$162,516
IX-24e All other expensesPrograms $1,027,778 · Management $56$1,027,834
IX-25 Total functional expensesPrograms $13,893,151 · Management $607,252 · Fundraising $0$14,500,403
Part X · Balance sheet $117,725,444 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $12,732,920$2,518,544
X-2 Savings and temporary cash investmentsStart of year $3,672,003$10,007
X-4 Accounts receivableStart of year $1,192,842$670,821
X-9 Prepaid expenses and deferred chargesStart of year $2,702,465$2,518,704
X-10c Land, buildings and equipment, netStart of year $25,802,919$25,575,883
X-15 Other assetsStart of year $91,435,226$86,431,485
X-16 Total assetsStart of year $137,563,375$117,725,444
X-17 Accounts payable and accrued expensesStart of year $579,941$290,343
X-19 Deferred revenueStart of year $1,092,281$688,720
X-25 Other liabilitiesStart of year $82,239,604$73,614,428
X-26 Total liabilitiesStart of year $92,147,933$80,458,634
X-27 Net assets without donor restrictionsStart of year $2,442,911−$3,028,560
X-28 Net assets with donor restrictionsStart of year $42,972,531$40,295,370
X-32 Total net assets or fund balancesStart of year $45,415,442$37,266,810
X-33 Total liabilities and net assetsStart of year $137,563,375$117,725,444
Part XI · Reconciliation of net assets $37,266,810 net assets at year end
XI-1 Total revenue$6,351,771
XI-2 Total expenses$14,500,403
XI-3 Revenue less expenses−$8,148,632
XI-4 Net assets at start of year$45,415,442
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$37,266,810

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

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