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.
80¢ of each $1 spent went to programs.
$776K 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
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
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$776K
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
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
$515K
51% of total assets
Fine: liabilities are 51% 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
$3.1M
+37% vs prior year
Spent
$2.9M
To programs
80%
Net assets
$498K
By yearFY2020–FY2024
Revenue
$3.1M
FY2024▲ +37%
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
$2.9M
FY2024▲ +10%
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
$498K
FY2024▲ ×49
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 June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

80 cents of each dollar spent went to programs.

Program services 80% · $2.3M Management & general 17% · $508K Fundraising 3% · $85K

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

24 people listed on the 990; $776K 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
$275,050Pt VII · Sec A
Chief Program Officer
$178,101Pt VII · Sec A
Chief Operating Officer
$163,601Pt VII · Sec A
Chief Learning Officer
$159,622Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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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1 program · $2.3M · in their own filed words · FY2023
01

Supporting and engaging membership of the organization

$2.3Mprogram 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
$3.1M
Ln 12
Gifts and grantsLn 1h$2.7M
Fees for servicesLn 2g$380K
Other incomeLn 4–11$3K
Money outPt IX
$2.9M
Ln 25
Programscol B$2.3M
Managementcol C$508K
Fundraisingcol D$85K
Owns and owesPt X
$498K
net assets · Ln 32
Cash and savingsLn 1–2$52K
Total assetsLn 16$1.0M
LiabilitiesLn 26$515K
PeoplePt VI, VII
24
listed · VII A
PaidVII A4
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.7M
Government grantsLn 1e$63K
Fees for servicesLn 2g$380K
Investment incomeLn 3$18
Other incomeLn 4–11$3K
Total revenueLn 12$3.1M
Assets in detailPt X, end of year
CashLn 1$52K
Cash and savings togetherLn 1–2$52K
Total assetsLn 16$1.0M
LiabilitiesLn 26$515K
Net assetsLn 32$498K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$664K$52K
Total assetsLn 16$998K$1.0M
LiabilitiesLn 26$988K$515K
Net assetsLn 32$10K$498K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$59K$59K
Pay of current officers, directors and key staffLn 5$819K$694K$89K$36K
Other salaries and wagesLn 7$738K$625K$80K$32K
Pension plan contributionsLn 8$47K$40K$5K$2K
Other employee benefitsLn 9$156K$132K$17K$7K
Payroll taxesLn 10$107K$91K$12K$5K
Legal feesLn 11b$22K$22K
Accounting feesLn 11c$65K$65K
Other fees for servicesLn 11g$421K$278K$143K
Office expensesLn 13$42K$10K$33K
TravelLn 17$120K$99K$17K$4K
Conferences, conventions and meetingsLn 19$144K$144K
InterestLn 20$7K$7K
Depreciation, depletion and amortizationLn 22$149K$144K$5K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$10K$3K$7K
Total functional expensesLn 25$2.9M$2.3M$508K$85K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $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 I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $3,073,178 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,165,564$2,690,444
I-9 Program service revenuePrior year $82,795$379,842
I-10 Investment incomePrior year $168$18
I-11 Other revenuePrior year $0$2,874
I-12 Total revenuePrior year $2,248,527$3,073,178
I-13 Grants and similar amounts paidPrior year $94,761$59,297
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,424,414$1,866,312
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,119,525$986,178
I-18 Total expensesPrior year $2,638,700$2,911,787
I-19 Revenue less expensesPrior year −$390,173$161,391
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
Part VIII · Statement of revenue $3,073,178 across 9 lines filed
VIII-1b Membership dues$898,159
VIII-1d Related organizations$700,000
VIII-1e Government grants$63,000
VIII-1f All other contributions, gifts and grants$1,029,285
VIII-1h Total contributions, gifts and grants$2,690,444
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $379,842$379,842
VIII-3 Investment incomeExcluded from tax $18$18
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,874$2,874
VIII-12 Total revenueRelated to mission $382,716 · Unrelated business $0 · Excluded from tax $18$3,073,178
Part IX · Statement of functional expenses $2,911,787 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $59,297$59,297
IX-5 Pay of current officers, directors and key staffPrograms $693,879 · Management $89,122 · Fundraising $35,702$818,703
IX-7 Other salaries and wagesPrograms $625,264 · Management $80,310 · Fundraising $32,172$737,746
IX-8 Pension plan contributionsPrograms $40,226 · Management $5,167 · Fundraising $2,070$47,463
IX-9 Other employee benefitsPrograms $131,840 · Management $16,933 · Fundraising $6,784$155,557
IX-10 Payroll taxesPrograms $90,553 · Management $11,631 · Fundraising $4,659$106,843
IX-11b Legal feesManagement $21,758$21,758
IX-11c Accounting feesManagement $65,435$65,435
IX-11g Other fees for servicesPrograms $278,011 · Management $142,662$420,673
IX-13 Office expensesPrograms $9,881 · Management $32,618$42,499
IX-17 TravelPrograms $99,258 · Management $16,526 · Fundraising $4,072$119,856
IX-19 Conferences, conventions and meetingsPrograms $143,742$143,742
IX-20 InterestManagement $7,274$7,274
IX-22 Depreciation, depletion and amortizationPrograms $143,648 · Management $5,439$149,087
IX-23 InsuranceManagement $5,757$5,757
IX-24 Other expenses (24a–d)Programs $3,184 · Management $6,913$10,097
IX-25 Total functional expensesPrograms $2,318,783 · Management $507,545 · Fundraising $85,459$2,911,787
Part X · Balance sheet $1,012,888 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $663,656$52,000
X-4 Accounts receivable$66,102
X-9 Prepaid expenses and deferred chargesStart of year $23,127$22,396
X-14 Intangible assetsStart of year $311,151$872,390
X-16 Total assetsStart of year $997,934$1,012,888
X-17 Accounts payable and accrued expensesStart of year $161,047$308,070
X-19 Deferred revenueStart of year $529,358$207,032
X-25 Other liabilitiesStart of year $297,465$0
X-26 Total liabilitiesStart of year $987,870$515,102
X-27 Net assets without donor restrictionsStart of year −$758,568$224,999
X-28 Net assets with donor restrictionsStart of year $768,632$272,787
X-32 Total net assets or fund balancesStart of year $10,064$497,786
X-33 Total liabilities and net assetsStart of year $997,934$1,012,888
Part XI · Reconciliation of net assets $497,786 net assets at year end
XI-1 Total revenue$3,073,178
XI-2 Total expenses$2,911,787
XI-3 Revenue less expenses$161,391
XI-4 Net assets at start of year$10,064
XI-9 Other changes in net assets$326,331
XI-10 Net assets at end of year$497,786

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

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