Inroads INC FY2023 filing

Tax-deductible

Atlanta, GA501(c)(3)Since 1970EducationEIN 62-0967197

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To deliver innovative leadership development programs and creative solutions that identify, accelerate, and elevate underrepresented talent throughout their careers.

501(c)(3) charity; gifts are tax-deductible.
55¢ of each $1 spent went to programs.
$1.6M 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

FY2023 · 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
3 of 5
filings with a surplus
Average surplus $947K a year · 8% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
55%
of spending
Worth a look: 55% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.6M
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Looks good: 11.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
13
named funders · $1.5M
Looks good: 13 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$7.9M
49% of total assets
Looks good: liabilities are 49% of assets; 50% or less.
Pt X · Ln 26
Independent board members
32
of 33 voting members
Looks good: 32 of 33 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.1M
-48% vs prior year
Spent
$13.3M
To programs
55%
Net assets
$8.2M
By yearFY2020–FY2024
Revenue
$11.1M
FY2023▼ -48%
Revenue by fiscal year
FY2020$6.8M
FY2021$12.9M
FY2022$21.3M
FY2023$11.1M
FY2024$8.5M
FY2024$7.3M
Expenses
$13.3M
FY2023▼ -13%
Expenses by fiscal year
FY2020$6.3M
FY2021$8.8M
FY2022$15.3M
FY2023$13.3M
FY2024$12.1M
FY2024$9.0M
Net assets
$8.2M
FY2023▼ -21%
Net assets by fiscal year
FY2020$632K
FY2021$4.7M
FY2022$10.5M
FY2023$8.2M
FY2024$4.6M
FY2024$2.9M

From the FY2023 Form 990 (year ending August 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2019-01-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Jan 2019.

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

Where the money goes

55 cents of each dollar spent went to programs.

Program services 55% · $7.4M Management & general 36% · $4.8M Fundraising 9% · $1.2M

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

42 people listed on the 990; $1.6M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Chief Executive Officer
$362,608Pt VII · Sec A
Chief Development Officer
$240,102Pt VII · Sec A
Chief Business Development Officer
$197,853Pt VII · Sec A
Chief Impact Officer
$181,861Pt VII · Sec A
Chief Program Officer (thru 1/2023)
$152,954Pt VII · Sec A
Director of Human Resources
$125,235Pt VII · Sec A
Director of IT Systems & Analytics
$118,283Pt VII · Sec A
Regional Program Director
$117,019Pt VII · Sec A

Forest Harper’s $288K as Chief Executive Officer (thru 6/25) is at the 94th 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 · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Forest Harper$288,433$349,529$362,608$279,428——
Forest T Harper————$250,000$250,000
Dennis Yarbrough$241,446$238,395————
James Tolliver—$208,327$240,102$225,679——
James Tolliver————$219,752$174,519
Harland Abraham—$203,065$197,853$190,050——
Casandra Scales$202,062$200,586————
Yolanda Smith$191,837$201,930————

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

Provides academic coaching, leadership development, and career training to help underserved high school and college students prepare for careers in business and STEM.

Provided by the organization

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3 program services account for $6.8M of program spending, described in the organization's own filed words · FY2022.
01

Inroads' internship programs educate college students to help them strengthen their job seeking abilities, acquire business soft skills, hone their leadership potential, benefit from academic and career support, secure paid internships and, ultimately, receive an offer of full-time employment in their career field.

$4.2Mprogram expense
02

Inroads' college links program educates diverse high school students to help them explore careers, develop essential leadership skills, and prepare for college, particularly in stem (science, technology, engineering, and math) and business fields.

$2.2Mprogram expense
03

The hbcu sustainable communities initiative (hbcu sci) fosters thriving communities by educating hbcu talent for careers in sustainability. Each year, approximately 100 students attending hbcus receive scholarships. Internship opportunities are also offered and enable students to learn first-hand about sustainability issues.

$467Kprogram expense

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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
See all 13 funders →
Grants paid · 13 grants · $5.3M · 2021–2024
Unitemized GrantFY2024$216,000
Stillman CollegeAL · FY2023$500,000
Unitemized GrantFY2023$219,363
Tougaloo CollegeMS · FY2023$30,500
Alabama Am UniversityFY2023$29,500
Hampton UniversityVA · FY2023$29,500
Jackson State UniversityMS · FY2023$27,901
Alabama Am UniversityFY2023$25,125
Uncf Frederick D Patterson Research InstituteDC · FY2023$18,750
Unitemized GrantFY2022$186,000
Fisk UniversityTN · FY2022$8,559
United Negro College Fund INCDC · FY2021$2,025,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$11.1M
Ln 12
Gifts and grantsLn 1h$6.9M
Fees for servicesLn 2g$4.3M
Investment incomeLn 3$200K
Money outPt IX
$13.3M
Ln 25
Programscol B$7.4M
Managementcol C$4.8M
Fundraisingcol D$1.2M
Owns and owesPt X
$8.2M
net assets · Ln 32
Cash and savingsLn 1–2$12.7M
Total assetsLn 16$16.2M
LiabilitiesLn 26$7.9M
PeoplePt VI, VII
42
listed · VII A
PaidVII A9
Voting boardVI 1a33
IndependentVI 1b32
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.9M
Noncash giftsLn 1g$22K
Fundraising eventsLn 1c$462K
Fees for servicesLn 2g$4.3M
Investment incomeLn 3$200K
Gains on assetsLn 7$1K
Total revenueLn 12$11.1M
Assets in detailPt X, end of year
CashLn 1$5.0M
SavingsLn 2$7.7M
Cash and savings togetherLn 1–2$12.7M
InvestmentsLn 11–13$12K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$402K
Total assetsLn 16$16.2M
LiabilitiesLn 26$7.9M
Net assetsLn 32$8.2M
OperationsPt I, VI
EmployeesI 5154
VolunteersI 6178
Fiscal year endsHeaderAugust
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 FY23End FY23
Cash and savingsLn 1–2$12.7M$12.7M
InvestmentsLn 11–13$24K$12K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$18.0M$16.2M
LiabilitiesLn 26$7.5M$7.9M
Net assetsLn 32$10.5M$8.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$29K$29K
Grants to domestic individualsLn 2$186K$186K
Pay of current officers, directors and key staffLn 5$966K$281K$329K$356K
Other salaries and wagesLn 7$4.6M$3.6M$551K$483K
Pension plan contributionsLn 8$39K$12K$26K$2K
Other employee benefitsLn 9$546K$546K
Payroll taxesLn 10$416K$246K$124K$46K
Legal feesLn 11b$392K$392K
Accounting feesLn 11c$352K$352K
Professional fundraising feesLn 11e$95K$95K
Other fees for servicesLn 11g$2.1M$708K$1.3M$50K
Advertising and promotionLn 12$151K$114K$36K
Office expensesLn 13$103K$15K$60K$28K
Information technologyLn 14$847K$147K$675K$26K
OccupancyLn 16$172K$105K$49K$18K
TravelLn 17$307K$132K$130K$45K
Conferences, conventions and meetingsLn 19$46K$19K$20K$7K
InterestLn 20$5K$5K
InsuranceLn 23$78K$78K
Other expenses (24a–d)Ln 24$1.8M$1.8M$45K$5K
All other expensesLn 24e$61K$61K
Total functional expensesLn 25$13.3M$7.4M$4.8M$1.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $8.5M$12.1M−$3.6M$4.6M 990 PDF
FY2023 Viewing $11.1M$13.3M−$2.3M$8.2M 990 PDF
FY2022 $21.3M$15.3M$6.0M$10.5M 990 PDF
FY2021 $12.9M$8.8M$4.1M$4.7M 990 PDF
FY2020 $6.8M$6.3M$512K$632K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $11,076,302 across 9 lines filed
Lines not itemized here account for $1,039 of total revenue; see the IRS return.
VIII-1c Fundraising events$462,380
VIII-1f All other contributions, gifts and grants$6,438,710
VIII-1g Noncash contributions (included above)$22,015
VIII-1h Total contributions, gifts and grants$6,901,090
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,312,576$4,312,576
VIII-3 Investment incomeExcluded from tax $199,128$199,128
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,107$1,107
VIII-8 Net income from fundraising eventsExcluded from tax −$338,638−$338,638
VIII-12 Total revenueRelated to mission $4,313,615 · Unrelated business $0 · Excluded from tax −$138,403$11,076,302
Part IX · Statement of functional expenses $13,334,254 across 21 lines filed
IX-1 Grants to domestic organizationsPrograms $28,559$28,559
IX-2 Grants to domestic individualsPrograms $186,000$186,000
IX-5 Pay of current officers, directors and key staffPrograms $281,433 · Management $328,647 · Fundraising $356,116$966,196
IX-7 Other salaries and wagesPrograms $3,603,032 · Management $551,437 · Fundraising $482,995$4,637,464
IX-8 Pension plan contributionsPrograms $12,166 · Management $25,830 · Fundraising $1,501$39,497
IX-9 Other employee benefitsManagement $546,025$546,025
IX-10 Payroll taxesPrograms $246,356 · Management $123,686 · Fundraising $46,128$416,170
IX-11b Legal feesManagement $391,553$391,553
IX-11c Accounting feesManagement $351,774$351,774
IX-11e Professional fundraising feesFundraising $95,333$95,333
IX-11g Other fees for servicesPrograms $707,786 · Management $1,313,642 · Fundraising $50,296$2,071,724
IX-12 Advertising and promotionPrograms $114,423 · Management $36,379$150,802
IX-13 Office expensesPrograms $15,069 · Management $60,385 · Fundraising $27,876$103,330
IX-14 Information technologyPrograms $146,641 · Management $675,211 · Fundraising $25,599$847,451
IX-16 OccupancyPrograms $105,368 · Management $49,040 · Fundraising $17,610$172,018
IX-17 TravelPrograms $131,903 · Management $130,050 · Fundraising $45,029$306,982
IX-19 Conferences, conventions and meetingsPrograms $19,238 · Management $20,095 · Fundraising $6,668$46,001
IX-20 InterestManagement $4,501$4,501
IX-23 InsuranceManagement $78,034$78,034
IX-24 Other expenses (24a–d)Programs $1,784,104 · Management $44,864 · Fundraising $5,000$1,833,968
IX-24e All other expensesManagement $60,872$60,872
IX-25 Total functional expensesPrograms $7,382,078 · Management $4,792,025 · Fundraising $1,160,151$13,334,254
Part X · Balance sheet $16,152,172 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $8,227,492$5,020,673
X-2 Savings and temporary cash investmentsStart of year $4,423,785$7,662,179
X-3 Pledges and grants receivableStart of year $3,515,000$1,652,500
X-4 Accounts receivableStart of year $1,733,079$1,108,365
X-9 Prepaid expenses and deferred chargesStart of year $92,610$294,935
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $23,736$11,518
X-15 Other assetsStart of year $5,977$402,002
X-16 Total assetsStart of year $18,021,679$16,152,172
X-17 Accounts payable and accrued expensesStart of year $1,258,375$827,708
X-18 Grants payableStart of year $3,331,024$3,331,024
X-19 Deferred revenueStart of year $2,790,557$3,159,550
X-24 Unsecured notes and loans payableStart of year $149,900$149,900
X-25 Other liabilitiesStart of year $0$446,780
X-26 Total liabilitiesStart of year $7,529,856$7,914,962
X-27 Net assets without donor restrictionsStart of year $1,142,916−$2,461,328
X-28 Net assets with donor restrictionsStart of year $9,348,907$10,698,538
X-32 Total net assets or fund balancesStart of year $10,491,823$8,237,210
X-33 Total liabilities and net assetsStart of year $18,021,679$16,152,172
Part XI · Reconciliation of net assets $8,237,210 net assets at year end
XI-1 Total revenue$11,076,302
XI-2 Total expenses$13,334,254
XI-3 Revenue less expenses−$2,257,952
XI-4 Net assets at start of year$10,491,823
XI-5 Net unrealized gains (losses) on investments$3,339
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,237,210

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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