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.
86¢ of each $1 spent went to programs.
$1.2M 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

FY2020 · 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
86%
of spending
Looks good: 86% 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 · 34% of spending
Concern: pay to officers and key staff is 34% of spending; over 30%.
Pt VII · Sec A
3 mo
of spending, in cash
Looks good: 3.0 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
$547K
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.5M
Spent
$3.5M
To programs
86%
Net assets
$928K
By yearFY2020–FY2024
Revenue
$3.5M
FY2020
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
$3.5M
FY2020
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
$928K
FY2020
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 FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

86 cents of each dollar spent went to programs.

Program services 86% · $3.0M Management & general 14% · $495K

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

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

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Chief Executive Officer
$294,294Pt VII · Sec A
Chief Product Officer
$206,123Pt VII · Sec A
Chief of Advancement
$181,824Pt VII · Sec A
Chief Education Officer
$178,906Pt VII · Sec A
Creative Director
$174,797Pt VII · Sec A
Senior Director of Member School Engagement
$154,748Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

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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1 program · $3.0M · in their own filed words · FY2019
01

Supporting and engaging membership of the organization

$3.0Mprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$3.5M
Ln 12
Gifts and grantsLn 1h$3.5M
Other incomeLn 4–11$1K
Money outPt IX
$3.5M
Ln 25
Programscol B$3.0M
Managementcol C$495K
Owns and owesPt X
$928K
net assets · Ln 32
Cash and savingsLn 1–2$868K
Total assetsLn 16$1.5M
LiabilitiesLn 26$547K
PeoplePt VI, VII
22
listed · VII A
PaidVII A6
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.5M
Other incomeLn 4–11$1K
Total revenueLn 12$3.5M
Assets in detailPt X, end of year
CashLn 1$868K
Cash and savings togetherLn 1–2$868K
Total assetsLn 16$1.5M
LiabilitiesLn 26$547K
Net assetsLn 32$928K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
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 FY20End FY20
Cash and savingsLn 1–2$447K$868K
Total assetsLn 16$1.5M$1.5M
LiabilitiesLn 26$378K$547K
Net assetsLn 32$1.1M$928K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.2M$974K$216K
Other salaries and wagesLn 7$689K$564K$125K
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$1.0M$935K$99K
Office expensesLn 13$26K$20K$7K
TravelLn 17$61K$49K$12K
Conferences, conventions and meetingsLn 19$102K$87K$15K
Depreciation, depletion and amortizationLn 22$260K$260K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$152K$143K$9K
Total functional expensesLn 25$3.5M$3.0M$495K$0

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 Viewing $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 I · Grants A · Public support J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $3,545,038 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,625,853$3,543,645
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $100$1,393
I-12 Total revenuePrior year $2,625,953$3,545,038
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,531,978$1,879,762
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $852,336$1,648,023
I-18 Total expensesPrior year $2,384,314$3,527,785
I-19 Revenue less expensesPrior year $241,639$17,253
Part VI · Governance 16 of 16 board members independent, 2 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $3,545,038 across 5 lines filed
VIII-1b Membership dues$1,637,395
VIII-1f All other contributions, gifts and grants$1,906,250
VIII-1h Total contributions, gifts and grants$3,543,645
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,393$1,393
VIII-12 Total revenueRelated to mission $1,393 · Unrelated business $0 · Excluded from tax $0$3,545,038
Part IX · Statement of functional expenses $3,527,785 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $974,448 · Management $216,244$1,190,692
IX-7 Other salaries and wagesPrograms $563,926 · Management $125,144$689,070
IX-11c Accounting feesManagement $8,180$8,180
IX-11g Other fees for servicesPrograms $935,214 · Management $99,059$1,034,273
IX-13 Office expensesPrograms $19,642 · Management $6,547$26,189
IX-17 TravelPrograms $48,934 · Management $12,234$61,168
IX-19 Conferences, conventions and meetingsPrograms $87,013 · Management $15,355$102,368
IX-22 Depreciation, depletion and amortizationPrograms $259,973$259,973
IX-23 InsuranceManagement $3,673$3,673
IX-24 Other expenses (24a–d)Programs $143,350 · Management $8,849$152,199
IX-25 Total functional expensesPrograms $3,032,500 · Management $495,285 · Fundraising $0$3,527,785
Part X · Balance sheet $1,475,011 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $446,898$868,112
X-3 Pledges and grants receivableStart of year $50,000$0
X-4 Accounts receivableStart of year $162,785$30,485
X-14 Intangible assetsStart of year $832,411$576,414
X-16 Total assetsStart of year $1,492,094$1,475,011
X-17 Accounts payable and accrued expensesStart of year $146,350$172
X-19 Deferred revenueStart of year $176,000$173,500
X-25 Other liabilitiesStart of year $55,658$373,505
X-26 Total liabilitiesStart of year $378,008$547,177
X-27 Net assets without donor restrictionsStart of year $1,114,086$927,834
X-32 Total net assets or fund balancesStart of year $1,114,086$927,834
X-33 Total liabilities and net assetsStart of year $1,492,094$1,475,011
Part XI · Reconciliation of net assets $927,834 net assets at year end
XI-1 Total revenue$3,545,038
XI-2 Total expenses$3,527,785
XI-3 Revenue less expenses$17,253
XI-4 Net assets at start of year$1,114,086
XI-8 Prior period adjustments−$203,504
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$927,834

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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