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Study Group Solutions INC EIN 82-1362909

Study Group Solutions INC

EIN  82-1362909 Public charity (501(c)(3)) Brooklyn, NY Founded 2017
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Size
$100K–1M
What they do
Advance assessment, data, and AI practices for better educational and workforce systems.
Leadership
Eric Tucker · CEO · $210K
Money in and out
$307K revenue, $863K expenses
Bottom line
86% program efficiency

Advance assessment, data, and AI practices for better educational and workforce systems. For fiscal year 2024 it reported $307K in revenue, $863K in expenses, and $746K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$307K
Pt VIII · Ln 12
Total expenses
$863K
Pt IX · Ln 25
Net assets
$746K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$556K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.11 Fundraising $0.03
Program efficiency
86%
of spending reaches programs▲ +1% vs prior filing year
Operating runway
8.6mo
months of highly liquid reserves at operating expense rate▲ +231% vs prior filing year
Surplus margin
-181%
revenue over expenses, this year▼ -1435% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$307K
FY2024▼ -95%
Expenses
$863K
FY2024▼ -88%
Total assets
$785K
FY2024▼ -47%
Total liabilities
$39K
FY2024▼ -80%
Total revenue
$307K
Pt VIII · Ln 12
Total expenses
$863K
Pt IX · Ln 25
Net assets
$746K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$556K
Total assetsPt X · Ln 16$785K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $745K of program spending, described in the organization's own filed words · FY2024.
01

To advance the best of assessment, data, and artificial intelligence practice, technology, and policy; uncover future design needs and opportunities for educational and workforce systems; and generate recommendations to better meet the needs of students, workers, families, and educators.

$745Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CStudy Group Solutions INC
EINHdr · item D82-1362909
Principal addressHdr · item CBrooklyn, NY
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2017
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B12)
Ruling yearIRS BMFJun 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$210,386Pt VII · Sec A
$178,579Pt VII · Sec A
Kate Cochran
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Marc Wallenstein
Board Member
$0Pt VII · Sec A
Tricia Forrest
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Eric Tucker’s $210K as CEO is at the 99th percentile of top reported officer pay among 1616 $100K–1M 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.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023
Eric Tucker$210,386$203,082$91,254
Sheryl Gomez$178,579$172,380$56,333

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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Statement of Revenue

Part VIII
Contributions & grants$277K · 90%
Program service revenue$30K · 10%
Contributions & grants90%$277K
Program service revenue10%$30K
Investment income$31
Other revenue$50
Total revenueLn 12$307K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.11 Fundraising $0.03
Program services86%$745K
Management & general11%$95K
Fundraising3%$23K
Total functional expensesLn 25$863K

Balance Sheet

Part X · end of year
CashLn 1$617K
Total assetsLn 16$785K
Total liabilitiesLn 26$39K
Total net assetsLn 32$746K
Months of cash on handcomputed8.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $617K · Operating expenses/yr $863K
8.6 months
Where the money goes
Program services
Program services $745K · Total expenses $863K
86%
Management & General
Management & general $95K · Total expenses $863K
11%
Fundraising
Fundraising $23K · Total expenses $863K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $22K · Solicited contributions (3-yr avg) $151K
$0.15 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $277K · Total revenue $307K
90%
Government reliance
Government grants — · Total revenue $307K
—
Earned-income share
Program service revenue $30K · Total revenue $307K
10%
Investment reliance
Investment income $31 · Total revenue $307K
0%
Program self-sufficiency
Program service revenue $30K · Total expenses $863K
3%
Growth & trend
Revenue growth (YoY)
This year $307K · Prior year $6.2M
-95%
Revenue CAGR
FY2019 $4.5M · FY2024 $307K
-42%
Net-asset trend (YoY)
End of year $746K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $307K · Expenses $863K
-181%
Liabilities-to-Assets
Total liabilities — · Total assets $785K
—
Net-asset ratio
Net assets $746K · Total assets $785K
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $785K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Eric Tucker · Reported title CEO · Highest reported compensation $210K · Total expenses $863K
24%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $430K · Total expenses $863K
50%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 86%——
Overhead ratio 11%——
Fundraising cost ratio 8%——
Revenue growth -95%——

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.

Grants

Schedule I · received and paid
Grants received · FY2024
Cambiar EducationFY2024$100K
Total grants receivedfrom 1 funder$100K
Grants paid · 3 grants · $1.2M · 2023–2024
Brooklyn Laboratory Charter Schools INCNY · FY2024$10,000
Brooklyn Laboratory Charter Schools INCNY · FY2023$1,135,000
Teachers College Columbia UniversityNY · FY2023$35,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$6.2M revenue · ⤓ 990 PDF
FY2023$6.1M revenue · ⤓ 990 PDF
FY2022$4.2M revenue · ⤓ 990 PDF
FY2021$6.6M revenue · ⤓ 990 PDF
FY2020$4.5M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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