Skillpoint Alliance FY2021 filing

Tax-deductible

Austin, TX501(c)(3)EmploymentEIN 74-2704188

The mission of Skillpoint Alliance is to provide a gateway for individuals to transform their lives through rigorous skills-based training and education.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$214K 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

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
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
Are gifts tax-deductible?
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
5 of 5
years in the black
Looks good: no deficit in the last 5 filings.
Pt I · Ln 19 · 5 filings
How much reaches the programs?
83%
of spending
Looks good: 83% of spending went to programs; 75% or more looks good.
Pt IX · Ln 25 · col B
What are leaders paid?
$214K
to officers and key staff · 17% of spending
Worth a look: leaders' pay is 17% of spending; over 15% is worth a look.
Pt VII · Sec A
Do they have reserves?
6 mo
of spending, in cash
Looks good: 6.4 months of spending in cash; 3 or more looks good.
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
14
named funders · $540K
Looks good: 14 funders name it on their filings; 3 or more looks good.
Funders’ Sch. I, 990-PF
Do they carry debt?
$48K
liabilities
Looks good: debts are 5% of assets; 50% or less looks good.
Pt X · Ln 26
Who oversees it?
13
independent of 13 voting board members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$1.5M
+2% vs prior year
Spent
$1.3M
To programs
83%
Net assets
$966K
By yearFY2020–FY2024
Revenue
$1.5M
FY2021▲ +2%
Revenue by fiscal year
FY2020$1.5M
FY2021$1.5M
FY2022$2.3M
FY2023$2.6M
FY2024$3.7M
Expenses
$1.3M
FY2021▼ -4%
Expenses by fiscal year
FY2020$1.3M
FY2021$1.3M
FY2022$1.9M
FY2023$2.5M
FY2024$3.1M
Net assets
$966K
FY2021▲ +27%
Net assets by fiscal year
FY2020$759K
FY2021$966K
FY2022$1.3M
FY2023$1.4M
FY2024$2.0M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CSkillpoint Alliance
EINHdr · item D74-2704188
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFSep 1994
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CAustin, TX
NTEE classificationIRS BMFEmployment (J22)
WebsiteHdr · item Jwww.skillpointalliance.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.14 Fundraising $0.03
Program services83%$1.1M
Management & general14%$181K
Fundraising3%$45K
Total functional expensesLn 25$1.3M

Financial health

Is it on solid ground?

Program efficiency
83%
of spending reaches programs
Operating runway
6.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+14%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$1.0M
FY2021▲ +24%
Total assets by fiscal year
FY2020$817K
FY2021$1.0M
FY2022$1.5M
FY2023$1.6M
FY2024$2.2M
Total liabilities
$48K
FY2021▼ -18%
Total liabilities by fiscal year
FY2020$58K
FY2021$48K
FY2022$185K
FY2023$192K
FY2024$178K
Revenue less expensesPt I · Ln 19$207K
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Balance Sheet

Part X · end of year
CashLn 1$695K
Total assetsLn 16$1.0M
Total liabilitiesLn 26$48K
Total net assetsLn 32$966K
Months of cash on handcomputed6.4

Statement of Revenue

Part VIII
Contributions & grants$1.4M · 91%
Program service revenue$124K · 8%
Contributions & grants91%$1.4M
Program service revenue8%$124K
Investment income$1K
Other revenue$4K
— government grantsLn 1e$1.0M
Total revenueLn 12$1.5M

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $695K · Operating expenses (Pt IX) $1.3M · Less non-cash grants $8K · Cash operating expenses/yr $1.3M
6.5 months
Where the money goes
Program services
Program services $1.1M · Total expenses $1.3M
83%
Management & General
Management & general $181K · Total expenses $1.3M
14%
Fundraising
Fundraising $45K · Total expenses $1.3M
3%
Cost to raise $1
Fundraising expense (2-yr avg) $51K · Solicited contributions (2-yr avg) $363K
$0.14 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.4M · Total revenue $1.5M
91%
Government reliance
Government grants $1.0M · Total revenue $1.5M
68%
Earned-income share
Program service revenue $124K · Total revenue $1.5M
8%
Investment reliance
Investment income $1K · Total revenue $1.5M
+0.09%
Program self-sufficiency
Program service revenue $124K · Total expenses $1.3M
10%
Growth & trend
Revenue growth (YoY)
This year $1.5M · Prior year $1.5M
+2%
Net-asset trend (YoY)
End of year $966K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.5M · Expenses $1.3M
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
—
Net-asset ratio
Net assets $966K · Total assets $1.0M
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.0M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kevin Brackmeyer · Reported title Chief Executive Officer · Highest reported compensation $131K · Total expenses $1.3M
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $902K · Total expenses $1.3M
70%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 83%——
Overhead ratio 14%——
Fundraising cost ratio 3%——
Revenue growth 2%——
Accounting fee ratio 0.9%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Executive Officer
$131,262Pt VII · Sec A
Chief Finance Officer
$82,486Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kevin Brackmeyer’s $177K as Chief Executive Officer is at the 78th 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 · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kevin Brackmeyer$176,550$162,318$142,855$131,262$124,500
Leslie Puckett$114,469$101,886———
Amy Corbett—$5,742$84,505$82,486$79,000
Avenson Hamann Cpas$60,000$42,000———
Ryan Carter—$25,962$3,462——

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.

See Skillpoint Alliance executive salaries →

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Governance & Policies

Part VI
  • 13Voting board membersPt VI · Ln 1a
  • 13Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Offers rigorous skills training to help people transform their lives.

Provided by the organization

This section is blank until Skillpoint Alliance claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $1.1M of program spending, described in the organization's own filed words · FY2021.
01

Skillpoint Alliance is a workforce development organization that prepares people for high-demand careers by providing fast-paced, in-demand job training for adults. Skillpoint's programs provide the access necessary for individuals to break through barriers to employment and transform their lives through skills-based training and…

$1.1Mprogram 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 14 funders →
Grants paid · 3 grants · $50K · 2022–2024
Unitemized GrantFY2024$18,197
Unitemized GrantFY2023$18,193
Unitemized GrantFY2022$14,043

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $3.7M$3.1M+45% 990 PDF
FY2023 $2.6M$2.5M+13% 990 PDF
FY2022 $2.3M$1.9M+51% 990 PDF
FY2021 Viewing $1.5M$1.3M+2% 990 PDF
FY2020 $1.5M$1.3M 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

Full filing: Form 990 for FY2021

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $1,294,092 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $4,084$4,084
IX-5 Pay of current officers, directors and key staffPrograms $114,788 · Management $97,776 · Fundraising $23,618$236,182
IX-7 Other salaries and wagesPrograms $507,354 · Management $13,947 · Fundraising $8,756$530,057
IX-8 Pension plan contributionsPrograms $8,140 · Management $296 · Fundraising $185$8,621
IX-9 Other employee benefitsPrograms $59,453 · Management $2,767 · Fundraising $1,356$63,576
IX-10 Payroll taxesPrograms $52,903 · Management $8,388 · Fundraising $2,498$63,789
IX-11c Accounting feesPrograms $0 · Management $11,206 · Fundraising $0$11,206
IX-11g Other fees for servicesPrograms $98,683 · Management $75 · Fundraising $5,000$103,758
IX-12 Advertising and promotionPrograms $19,121 · Management $0 · Fundraising $0$19,121
IX-13 Office expensesPrograms $16,495 · Management $15,497 · Fundraising $505$32,497
IX-14 Information technologyPrograms $4,335 · Management $2,292 · Fundraising $179$6,806
IX-16 OccupancyPrograms $87,138 · Management $9,165 · Fundraising $2,287$98,590
IX-17 TravelPrograms $1,776 · Management $433 · Fundraising $0$2,209
IX-19 Conferences, conventions and meetingsPrograms $1,300 · Management $0 · Fundraising $0$1,300
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $10,589 · Fundraising $0$10,589
IX-23 InsurancePrograms $8,643 · Management $1,407 · Fundraising $356$10,406
IX-24 Other expenses (24a–d)Programs $78,970 · Management $0 · Fundraising $0$78,970
IX-24e All other expensesPrograms $5,092 · Management $7,031 · Fundraising $208$12,331
IX-25 Total functional expensesPrograms $1,068,275 · Management $180,869 · Fundraising $44,948$1,294,092

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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