Inroads INC FY2024 filing

Tax-deductible

Atlanta, GA501(c)(3)Since 1970EducationEIN 62-0967197Revenue $8.5M in FY2024

On file with the IRSinroads.org260 Peachtree St Nw Ste 400, 30303-1253 · Atlanta, GATax-exempt since Jan 2019Publicly supported charity — 170(b)(1)(A)(vi)

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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.
62¢ of each $1 spent went to programs.
$2.2M 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
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
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.2M
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 9.2 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
$7.1M
60% of total assets
Fine: liabilities are 60% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
31
of 32 voting members
Looks good: 31 of 32 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.5M
-23% vs prior year
Spent
$12.1M
To programs
62%
Net assets
$4.6M
By yearFY2020–FY2024
Revenue
$8.5M
FY2024▼ -23%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.8M
FY2021$12.9M
FY2022$21.3M
FY2023$11.1M
FY2024$8.5M
FY2024$7.3M
Expenses
$12.1M
FY2024▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.3M
FY2021$8.8M
FY2022$15.3M
FY2023$13.3M
FY2024$12.1M
FY2024$9.0M
Net assets
$4.6M
FY2024▼ -44%
Tap a bar for its year
Net assets by fiscal year
FY2020$632K
FY2021$4.7M
FY2022$10.5M
FY2023$8.2M
FY2024$4.6M
FY2024$2.9M

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

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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

62 cents of each dollar spent went to programs.

Program services 62% · $7.6M Management & general 29% · $3.5M Fundraising 9% · $1.1M

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; $2.2M 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
Chief Executive Officer
$349,529Pt VII · Sec A
Chief Technology Officer
$238,395Pt VII · Sec A
Chief Dev. Officer (thru 11/23)
$208,327Pt VII · Sec A
Chief Dev. Officer (thru 9/23)
$203,065Pt VII · Sec A
Chief Marketing Officer
$201,930Pt VII · Sec A
Chief Financial Officer
$200,586Pt VII · Sec A
Chief Programs Officer
$199,232Pt VII · Sec A
Chief Impact Officer
$191,435Pt 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$219,752$174,519
Harland Abraham—$203,065$197,853$190,050$188,566$165,206
Casandra Scales$202,062$200,586————
Yolanda Smith$191,837$201,930————
Beverly Porter—$199,232————

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
  • Loans to or from officersSch L · Pt II1 listed

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.

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Provided by the organization

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3 programs · $7.2M · in their own filed words · FY2023
01

Inroads' internship program educates 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.

$3.7Mprogram expense
02

Inroads' college links program works with 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.

$2.5Mprogram expense
03

The hbcu sustainable communities initiative (hbcu sci) fosters thriving communities by preparing hbcu talent for careers in sustainability. Each year, the program serves approximately 150 hbcu students through academic success webinars, a mentorship program, scholarships, and paid internships.

$967Kprogram 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
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 FY2024 990, line by line.

1The main four
Money inPt VIII
$8.5M
Ln 12
Gifts and grantsLn 1h$4.4M
Fees for servicesLn 2g$3.9M
Investment incomeLn 3$442K
Money outPt IX
$12.1M
Ln 25
Programscol B$7.6M
Managementcol C$3.5M
Fundraisingcol D$1.1M
Owns and owesPt X
$4.6M
net assets · Ln 32
Cash and savingsLn 1–2$9.4M
Total assetsLn 16$11.7M
LiabilitiesLn 26$7.1M
PeoplePt VI, VII
42
listed · VII A
PaidVII A11
Voting boardVI 1a32
IndependentVI 1b31
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.4M
Noncash giftsLn 1g$32K
Fundraising eventsLn 1c$610K
Fees for servicesLn 2g$3.9M
Investment incomeLn 3$442K
Gains on assetsLn 7$6K
Total revenueLn 12$8.5M
Assets in detailPt X, end of year
CashLn 1$2.3M
SavingsLn 2$7.1M
Cash and savings togetherLn 1–2$9.4M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$323K
Total assetsLn 16$11.7M
LiabilitiesLn 26$7.1M
Net assetsLn 32$4.6M
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 FY24End FY24
Cash and savingsLn 1–2$12.7M$9.4M
InvestmentsLn 11–13$12K$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$16.2M$11.7M
LiabilitiesLn 26$7.9M$7.1M
Net assetsLn 32$8.2M$4.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$681K$681K
Grants to domestic individualsLn 2$219K$219K
Pay of current officers, directors and key staffLn 5$1.2M$117K$989K$65K
Other salaries and wagesLn 7$4.4M$3.4M$541K$461K
Pension plan contributionsLn 8$31K$22K$6K$3K
Other employee benefitsLn 9$558K$357K$157K$44K
Payroll taxesLn 10$412K$280K$104K$28K
Legal feesLn 11b$276K$276K
Accounting feesLn 11c$76K$76K
Professional fundraising feesLn 11e$202K$202K
Other fees for servicesLn 11g$1.1M$604K$383K$95K
Advertising and promotionLn 12$181K$68K$98K$16K
Office expensesLn 13$127K$45K$70K$12K
Information technologyLn 14$783K$208K$496K$78K
OccupancyLn 16$116K$16K$82K$18K
TravelLn 17$15K$12K$2K$227
Conferences, conventions and meetingsLn 19$191K$60K$101K$31K
InterestLn 20$4K$4K
InsuranceLn 23$78K$78K
Other expenses (24a–d)Ln 24$1.5M$1.4M$16K$13K
All other expensesLn 24e$43K$43K
Total functional expensesLn 25$12.1M$7.6M$3.5M$1.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $8.5M$12.1M−$3.6M$4.6M 990 PDF
FY2023 $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 FY2024 990 (6 parts)
Part I · Summary $8,540,589 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,901,090$4,440,638
I-9 Program service revenuePrior year $4,312,576$3,853,638
I-10 Investment incomePrior year $200,235$442,299
I-11 Other revenuePrior year −$337,599−$195,986
I-12 Total revenuePrior year $11,076,302$8,540,589
I-13 Grants and similar amounts paidPrior year $214,559$900,639
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $6,605,352$6,614,606
I-16a Professional fundraising feesPrior year $95,333$201,544
I-17 Other expensesPrior year $6,419,010$4,433,153
I-18 Total expensesPrior year $13,334,254$12,149,942
I-19 Revenue less expensesPrior year −$2,257,952−$3,609,353
Part VI · Governance 31 of 32 board members independent, no flags
VI-1a Voting members of the governing body32
VI-1b Independent voting members31
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 $8,540,589 across 9 lines filed
Lines not itemized here account for $80,277 of total revenue; see the IRS return.
VIII-1c Fundraising events$610,072
VIII-1f All other contributions, gifts and grants$3,830,566
VIII-1g Noncash contributions (included above)$32,471
VIII-1h Total contributions, gifts and grants$4,440,638
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,853,638$3,853,638
VIII-3 Investment incomeExcluded from tax $436,317$436,317
VIII-7 Net gain or loss on sales of assetsExcluded from tax $5,982$5,982
VIII-8 Net income from fundraising eventsExcluded from tax −$276,263−$276,263
VIII-12 Total revenueRelated to mission $3,933,915 · Unrelated business $0 · Excluded from tax $166,036$8,540,589
Part IX · Statement of functional expenses $12,149,942 across 21 lines filed
IX-1 Grants to domestic organizationsPrograms $681,276$681,276
IX-2 Grants to domestic individualsPrograms $219,363$219,363
IX-5 Pay of current officers, directors and key staffPrograms $116,903 · Management $988,828 · Fundraising $65,193$1,170,924
IX-7 Other salaries and wagesPrograms $3,440,839 · Management $540,717 · Fundraising $460,865$4,442,421
IX-8 Pension plan contributionsPrograms $21,600 · Management $6,149 · Fundraising $3,392$31,141
IX-9 Other employee benefitsPrograms $357,115 · Management $156,810 · Fundraising $43,792$557,717
IX-10 Payroll taxesPrograms $280,481 · Management $104,413 · Fundraising $27,509$412,403
IX-11b Legal feesManagement $276,401$276,401
IX-11c Accounting feesManagement $76,000$76,000
IX-11e Professional fundraising feesFundraising $201,544$201,544
IX-11g Other fees for servicesPrograms $603,803 · Management $383,197 · Fundraising $94,897$1,081,897
IX-12 Advertising and promotionPrograms $68,115 · Management $97,584 · Fundraising $15,620$181,319
IX-13 Office expensesPrograms $44,633 · Management $70,086 · Fundraising $12,201$126,920
IX-14 Information technologyPrograms $208,208 · Management $496,479 · Fundraising $78,108$782,795
IX-16 OccupancyPrograms $15,753 · Management $82,454 · Fundraising $18,118$116,325
IX-17 TravelPrograms $12,342 · Management $2,200 · Fundraising $227$14,769
IX-19 Conferences, conventions and meetingsPrograms $59,586 · Management $100,816 · Fundraising $31,028$191,430
IX-20 InterestManagement $4,164$4,164
IX-23 InsuranceManagement $78,499$78,499
IX-24 Other expenses (24a–d)Programs $1,431,015 · Management $15,773 · Fundraising $12,984$1,459,772
IX-24e All other expensesManagement $42,862$42,862
IX-25 Total functional expensesPrograms $7,561,032 · Management $3,523,432 · Fundraising $1,065,478$12,149,942
Part X · Balance sheet $11,709,235 assets, 19 lines filed
Asset lines not itemized here account for $2,740; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $5,020,673$2,267,761
X-2 Savings and temporary cash investmentsStart of year $7,662,179$7,086,165
X-3 Pledges and grants receivableStart of year $1,652,500$1,118,000
X-4 Accounts receivableStart of year $1,108,365$706,113
X-9 Prepaid expenses and deferred chargesStart of year $294,935$205,010
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $11,518$0
X-15 Other assetsStart of year $402,002$323,446
X-16 Total assetsStart of year $16,152,172$11,709,235
X-17 Accounts payable and accrued expensesStart of year $827,708$441,410
X-18 Grants payableStart of year $3,331,024$3,331,024
X-19 Deferred revenueStart of year $3,159,550$2,792,393
X-24 Unsecured notes and loans payableStart of year $149,900$149,900
X-25 Other liabilitiesStart of year $446,780$366,651
X-26 Total liabilitiesStart of year $7,914,962$7,081,378
X-27 Net assets without donor restrictionsStart of year −$2,461,328−$4,418,585
X-28 Net assets with donor restrictionsStart of year $10,698,538$9,046,442
X-32 Total net assets or fund balancesStart of year $8,237,210$4,627,857
X-33 Total liabilities and net assetsStart of year $16,152,172$11,709,235
Part XI · Reconciliation of net assets $4,627,857 net assets at year end
XI-1 Total revenue$8,540,589
XI-2 Total expenses$12,149,942
XI-3 Revenue less expenses−$3,609,353
XI-4 Net assets at start of year$8,237,210
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,627,857

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

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