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Road2hire

Tax-deductible

Fort Mill, SC501(c)(3)Since 2016EducationEIN 81-2262213Revenue $17.2M in FY2024

On file with the IRSroadtohire.org1423 Red Ventures Dr, 29707-5019 · Fort Mill, SCTax-exempt since Jul 2016Publicly supported charity — 170(b)(1)(A)(vi)

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To help break economic mobility barriers in the greater charlotte area

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Run by 300 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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 $1.3M a year · 13% 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
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
16
named funders · $1.6M
Looks good: 16 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$117K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$17.2M
+58% vs prior year
Spent
$12.5M
To programs
87%
Net assets
$26.8M
By yearFY2020–FY2024
Revenue
$17.2M
FY2024▲ +58%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.9M
FY2021$3.2M
FY2022$11.9M
FY2023$10.9M
FY2024$17.2M
Expenses
$12.5M
FY2024▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.4M
FY2021$3.9M
FY2022$8.9M
FY2023$13.1M
FY2024$12.5M
Net assets
$26.8M
FY2024▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.7M
FY2021$1.0M
FY2022$4.8M
FY2023$29.6M
FY2024$26.8M

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2016.

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% · $10.9M Management & general 13% · $1.6M

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
Ricardo Elias
President
$0Pt VII · Sec A
Kacey Grantham
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Thadd Jones
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Ricardo Elias
President
$0Pt VII · Sec A
Kacey Grantham
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A

Kacey Grantham’s $52K as Vice President is at the 1st percentile of top reported officer pay among 3684 $10–100M 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.

See Road2hire executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers individuals to overcome economic barriers in the Greater Charlotte Area.

Questions for Road2hire

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Provided by the organization

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2 programs · $21.8M · in their own filed words · FY2024
01

ROAD2HIRE is a nonprofit organization built to help break the economic mobility barriers in the greater charlotte area. Roadtohire teaches skills needed to break into the fields of web development and sales.

$10.9Mprogram expense
02

ROAD2HIRE is a nonprofit organization built to help break the economic mobility barriers in the greater charlotte area. Roadtohire teaches skills needed to break into the fields of web development and sales.

$10.9Mprogram 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
National Philanthropic TrustFY2024$500K
Natl Christian Charitable Fdn INCFY2024$333K
Community Foundation of Jackson HoleFY2024$100K
BNY Mellon Charitable Gift FundFY2024$100K
Combined Jewish Philanthropies of Greater Boston INCFY2024$100K
The Merancas Foundation INCFY2024$100K
Progress Charitable Foundation DeFY2024$50K
Deloitte FoundationFY2024$50K
Total grants receivedfrom 16 funders$1.6M
See all 16 funders →
Grants paid · 7 grants · $21.4M · 2021–2024
Unitemized GrantFY2024$4,870,276
Unitemized GrantFY2024$4,870,276
Unitemized GrantFY2023$4,037,424
Unitemized GrantFY2023$4,037,424
Unitemized GrantFY2022$1,575,701
Unitemized GrantFY2022$1,575,701
Unitemized GrantFY2021$414,275

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$17.2M
Ln 12
Gifts and grantsLn 1h$15.9M
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$149K
Money outPt IX
$12.5M
Ln 25
Programscol B$10.9M
Managementcol C$1.6M
Owns and owesPt X
$26.8M
net assets · Ln 32
Cash and savingsLn 1–2$6.6M
Total assetsLn 16$26.9M
LiabilitiesLn 26$117K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$15.9M
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$149K
Total revenueLn 12$17.2M
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$6.6M
Total assetsLn 16$26.9M
LiabilitiesLn 26$117K
Net assetsLn 32$26.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6300
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $17.2M$12.5M$4.6M$26.8M 990 PDF
FY2023 $10.9M$13.1M−$2.2M$29.6M 990 PDF
FY2022 $11.9M$8.9M$3.1M$4.8M 990 PDF
FY2021 $3.2M$3.9M−$690K$1.0M 990 PDF
FY2020 $3.9M$2.4M$1.5M$1.7M 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 (1 part)
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes

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

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