Form 990 for the fiscal year ending June 2021 (IRS tax year 2020).
Status and standing
Where the money goes
Statement of Functional Expenses
Financial health
Summary of the Filing
| FY2021 | $493K |
|---|---|
| FY2022 | $1.4M |
| FY2023 | $2.7M |
| FY2024 | $2.9M |
| FY2025 | $2.9M |
| FY2021 | $23K |
|---|---|
| FY2022 | $929K |
| FY2023 | $2.1M |
| FY2024 | $1.9M |
| FY2025 | $1.7M |
Balance Sheet
Statement of Revenue
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 64% | — | — |
| Overhead ratio | 36% | — | — |
| Fundraising cost ratio | 0.03% | — | — |
| Investment management fee ratio | 0% | — | — |
| Legal fee ratio | 0.2% | — | — |
| Accounting fee ratio | 0.4% | — | — |
| Fundraising fee ratio | 0% | — | — |
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.
Leadership and pay
Officers, Directors & Key Employees
Monica Bilak’s $111K as Executive Director is at the 87th percentile of top reported officer pay among 1613 $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 · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2022 | FY2021 |
|---|---|---|---|---|
| Monica Bilak | $111,300 | $115,779 | $94,655 | $85,000 |
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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Governance & Policies
Mission and programs
Develops educational programs for innovation hubs and regional entrepreneurs.
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Where the work happens
Educational Programs that promote entrprenuership and community learning developed and hosted by Sprocket
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Funders
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Filing history
| Year | Revenue | Expenses | Change | Filing |
|---|---|---|---|---|
| FY2025 Latest | $970K | $789K | -7% | 990 PDF |
| FY2024 | $1.0M | $758K | +1.0% | 990 PDF |
| FY2023 | $1.0M | $889K | +5% | 990 PDF |
| FY2022 | $979K | $1.0M | +14% | 990 PDF |
| FY2021 Viewing | $857K | $555K | 990 PDF |
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Schedules filed Part IV
Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.
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