Mtc was founded to accelerate and support secondary schools' ability to practice Mastery learning at scale. A global Consortium of innovative public and private schools implementing new learning models, mtc co-creates interactive, digital tools that both empower learners to showcase the competencies they master and enable schools to credential competency-based education.

501(c)(3) charity; gifts are tax-deductible.
$1.2M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · 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
2 of 5
filings with a surplus
Average deficit $198K a year · 7% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
151%
of spending
Looks good: 151% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.2M
to officers and key staff · 140% of spending
Concern: pay to officers and key staff is 140% of spending; over 30%.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $525K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$750K
53% of total assets
Fine: liabilities are 53% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
-66% vs prior year
Spent
$874K
To programs
151%
Net assets
$668K
By yearFY2020–FY2024
Revenue
$1.0M
FY2024▼ -66%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.5M
FY2021$2.1M
FY2022$2.4M
FY2023$2.2M
FY2024$3.1M
FY2024$1.0M
Expenses
$874K
FY2024▼ -70%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.5M
FY2021$2.7M
FY2022$2.5M
FY2023$2.6M
FY2024$2.9M
FY2024$874K
Net assets
$668K
FY2024▲ +34%
Tap a bar for its year
Net assets by fiscal year
FY2020$928K
FY2021$528K
FY2022$526K
FY2023$10K
FY2024$498K
FY2024$668K

From the FY2024 Form 990 (year ending September 2024) · 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 Nov 2017.

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

Where the money goes

151 cents of each dollar spent went to programs.

Program services 151% · $1.3M Management & general 36% · $319K Fundraising 2% · $20K

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

21 people listed on the 990; $1.2M paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer(through 4/25)
$341,826Pt VII · Sec A
Chief Tech.officer(through 3/25)
$213,725Pt VII · Sec A
Chief Program Officer(through 2/25)
$183,067Pt VII · Sec A
Chief Operating Officer(though 4/25)
$173,507Pt VII · Sec A
(need Title)(through 2/25)
$158,504Pt VII · Sec A
Chief Learning Officer(through 2/25)
$153,152Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Michael Flanagan$341,826$275,050$248,350$248,267$212,000$206,123
Stacy Caldwell————$258,318$294,294
David Rea$213,725—————
Patricia Russell$153,152$159,622$154,042$186,300$186,300$178,906
Susan Bell$183,067$178,101$155,164$159,602$159,651$154,748
Jimmy Wynn—————$181,824
Praveen Vajpeyi————$180,953$174,797
Lisa Hicks$173,507$163,601$148,016———

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

Supports schools in implementing mastery learning and competency-based education with digital tools.

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Provided by the organization

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2 programs · $2.1M · in their own filed words · FY2024
01

Supporting and engaging membership of the organization.

$1.3Mprogram expense
02

Supporting and engaging membership of the organization.

$773Kprogram 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 · FY2023
Total grants receivedfrom 3 funders$525K
See all 3 funders →
Grants paid · 10 grants · $122K · 2022–2023
Northern Cass High SchoolFY2023$10,750
Jamestown Public School DistrictFY2023$9,000
Utah Schools for the Deaf and BlindFY2022$15,000
Davis Connect PtsaUT · FY2022$15,000
Granite School DistrictFY2022$7,500
Northern Cass High SchoolFY2022$6,316
Jamestown Public School DistrictFY2022$5,945

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$916K
Fees for servicesLn 2g$128K
Other incomeLn 4–11$1K
Money outPt IX
$874K
Ln 25
Programscol B$1.3M
Managementcol C$319K
Fundraisingcol D$20K
Owns and owesPt X
$668K
net assets · Ln 32
Cash and savingsLn 1–2$322K
Total assetsLn 16$1.4M
LiabilitiesLn 26$750K
PeoplePt VI, VII
21
listed · VII A
PaidVII A6
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$916K
Government grantsLn 1e$63K
Fees for servicesLn 2g$128K
Other incomeLn 4–11$1K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$322K
Total assetsLn 16$1.4M
LiabilitiesLn 26$750K
Net assetsLn 32$668K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $3.1M$2.9M$161K$498K 990 PDF
FY2023 $2.2M$2.6M−$390K$10K 990 PDF
FY2022 $2.4M$2.5M−$123K$526K 990 PDF
FY2021 $2.1M$2.7M−$657K$528K 990 PDF
FY2020 $3.5M$3.5M$17K$928K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons A · Public support J · Pay O · Explanations
See the full FY2024 990 (1 part)
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes

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

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