To support City-based non-profit organizations in their efforts to improve public education outcomes for local children.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
$3.2M 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

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $3.5M a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.2M
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
15 mo
of spending, in cash
Looks good: 15.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $34.0M
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$17.7M
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$55.4M
-52% vs prior year
Spent
$55.4M
To programs
93%
Net assets
$91.0M
By yearFY2021–FY2025
Revenue
$55.4M
FY2023▼ -52%
Tap a bar for its year
Revenue by fiscal year
FY2021$116.6M
FY2022$115.8M
FY2023$55.4M
FY2024$118.6M
FY2025$58.8M
Expenses
$55.4M
FY2023▼ -36%
Tap a bar for its year
Expenses by fiscal year
FY2021$79.4M
FY2022$86.9M
FY2023$55.4M
FY2024$98.5M
FY2025$127.3M
Net assets
$91.0M
FY2023▲ +0.8%
Tap a bar for its year
Net assets by fiscal year
FY2021$61.3M
FY2022$90.3M
FY2023$91.0M
FY2024$111.1M
FY2025$42.9M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2018.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $51.7M Management & general 6% · $3.6M Fundraising 0% · $210K

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

13 people listed on the 990; $3.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Managing Partner - Until 12/2022
$464,183Pt VII · Sec A
Partner
$419,413Pt VII · Sec A
$409,205Pt VII · Sec A
$396,849Pt VII · Sec A
President - as of 9/2022
$393,804Pt VII · Sec A
Partner
$383,059Pt VII · Sec A
$341,870Pt VII · Sec A
$295,791Pt VII · Sec A

Marlon Marshall’s $494K as CEO is at the 92nd percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Neerav Kingsland——$464,183$526,490$472,896
Marlon Marshall$494,290$482,605$93,798$398,984—
Kevin Shafer$460,420$452,754$393,804$397,844—
Jess Pena——$419,413$397,844$312,988
Patrick Dobard$417,613—$295,791——
Christopher Jeffrey Barbic$417,497————
Kameelah Shaheed-Diallo$417,450—$396,849$407,740$362,373
Kevin Huffman————$417,379

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 15aNo

Programs and updates

Funds and advises city-based nonprofit organizations to increase the number of high-quality public schools and improve educational outcomes for local children.

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Provided by the organization

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1 program · $51.7M · in their own filed words · FY2022
01

Today, our educational system works well for far too few children in the united states, especially minority and low-income children. This failure not only deprives millions of children of a legitimate pathway to pursue gainful employment and a purpose-filled life, but it is also a threat to the wellbeing of our NATION.TO address these…

$51.7Mprogram 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 · FY2024
See all 7 funders →
Grants paid · 431 grants · $394.2M · 2020–2024
New Schools for New Orleans INCLA · FY2024$10,416,000
The Mind Trust INCIN · FY2024$10,000,000
New Jersey Children's FoundationNJ · FY2024$9,410,000
The Opportunity TrustMO · FY2024$8,900,000
Camden Education Fund INCNJ · FY2024$8,150,000
Education Forward DCDC · FY2024$5,465,000
New Schools for Baton RougeLA · FY2024$5,000,000
RootedCO · FY2024$4,743,000
City Education PartnersTX · FY2024$4,324,000
Equitable Facilities Fund INCNY · FY2024$4,000,000
Redefined AtlantaGA · FY2024$3,195,000
City Forward Collective INCWI · FY2024$2,200,000
Blaque Dated 5-25-2020MO · FY2024$2,000,000
Baton Rouge Alliance for StudentsLA · FY2024$1,437,262
DC Charter School AllianceDC · FY2024$1,400,000
RootedCO · FY2024$1,130,000
See all 431 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$55.4M
Ln 12
Gifts and grantsLn 1h$53.3M
Investment incomeLn 3$2.1M
Money outPt IX
$55.4M
Ln 25
Programscol B$51.7M
Managementcol C$3.6M
Fundraisingcol D$210K
Owns and owesPt X
$91.0M
net assets · Ln 32
Cash and savingsLn 1–2$71.1M
Total assetsLn 16$108.7M
LiabilitiesLn 26$17.7M
PeoplePt VI, VII
13
listed · VII A
PaidVII A9
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$53.3M
Investment incomeLn 3$2.1M
Total revenueLn 12$55.4M
Assets in detailPt X, end of year
CashLn 1$83K
SavingsLn 2$71.0M
Cash and savings togetherLn 1–2$71.1M
Other assetsLn 15$5.6M
Total assetsLn 16$108.7M
LiabilitiesLn 26$17.7M
Net assetsLn 32$91.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
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 FY23End FY23
Cash and savingsLn 1–2$103.2M$71.1M
Total assetsLn 16$118.7M$108.7M
LiabilitiesLn 26$28.5M$17.7M
Net assetsLn 32$90.3M$91.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$41.5M$41.5M
Pay of current officers, directors and key staffLn 5$1.2M$997K$125K$125K
Other salaries and wagesLn 7$4.4M$3.6M$806K$44K
Pension plan contributionsLn 8$172K$133K$35K$4K
Other employee benefitsLn 9$651K$337K$289K$24K
Payroll taxesLn 10$275K$208K$55K$12K
Legal feesLn 11b$417K$79K$338K
Accounting feesLn 11c$116K$16K$100K
Other fees for servicesLn 11g$4.7M$3.8M$913K
Office expensesLn 13$647$294$353
Information technologyLn 14$735K$106K$628K$646
TravelLn 17$328K$301K$27K
Conferences, conventions and meetingsLn 19$782K$606K$176K
InsuranceLn 23$49K$49K
Other expenses (24a–d)Ln 24$60K$49K$11K
Total functional expensesLn 25$55.4M$51.7M$3.6M$210K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $58.8M$127.3M−$68.5M$42.9M 990 PDF
FY2024 $118.6M$98.5M$20.1M$111.1M 990 PDF
FY2023 Viewing $55.4M$55.4M−$43K$91.0M 990 PDF
FY2022 $115.8M$86.9M$28.9M$90.3M 990 PDF
FY2021 $116.6M$79.4M$37.2M$61.3M 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 FY2023 990 (6 parts)
Part I · Summary $55,405,330 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $115,770,833$53,333,333
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $52,438$2,071,997
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $115,823,271$55,405,330
I-13 Grants and similar amounts paidPrior year $77,516,838$41,499,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $6,069,971$6,747,598
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,313,242$7,202,195
I-18 Total expensesPrior year $86,900,051$55,448,793
I-19 Revenue less expensesPrior year $28,923,220−$43,463
Part VI · Governance 4 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $55,405,330 across 4 lines filed
VIII-1f All other contributions, gifts and grants$53,333,333
VIII-1h Total contributions, gifts and grants$53,333,333
VIII-3 Investment incomeExcluded from tax $2,071,997$2,071,997
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,071,997$55,405,330
Part IX · Statement of functional expenses $55,448,793 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $41,499,000$41,499,000
IX-5 Pay of current officers, directors and key staffPrograms $996,952 · Management $124,620 · Fundraising $124,619$1,246,191
IX-7 Other salaries and wagesPrograms $3,553,237 · Management $805,936 · Fundraising $44,492$4,403,665
IX-8 Pension plan contributionsPrograms $133,267 · Management $34,917 · Fundraising $3,678$171,862
IX-9 Other employee benefitsPrograms $337,315 · Management $289,087 · Fundraising $24,413$650,815
IX-10 Payroll taxesPrograms $208,403 · Management $54,977 · Fundraising $11,685$275,065
IX-11b Legal feesPrograms $79,167 · Management $338,160$417,327
IX-11c Accounting feesPrograms $16,412 · Management $99,773$116,185
IX-11g Other fees for servicesPrograms $3,802,094 · Management $913,114$4,715,208
IX-13 Office expensesPrograms $294 · Management $353$647
IX-14 Information technologyPrograms $105,710 · Management $628,290 · Fundraising $646$734,646
IX-17 TravelPrograms $300,674 · Management $26,957$327,631
IX-19 Conferences, conventions and meetingsPrograms $605,782 · Management $175,812$781,594
IX-23 InsuranceManagement $48,796$48,796
IX-24 Other expenses (24a–d)Programs $49,054 · Management $11,107$60,161
IX-25 Total functional expensesPrograms $51,687,361 · Management $3,551,899 · Fundraising $209,533$55,448,793
Part X · Balance sheet $108,692,498 assets, 14 lines filed
Asset lines not itemized here account for $19,459,036; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,515,702$82,828
X-2 Savings and temporary cash investmentsStart of year $101,671,001$71,011,831
X-3 Pledges and grants receivableStart of year $14,500,000$12,500,000
X-9 Prepaid expenses and deferred chargesStart of year $16,527$64,204
X-15 Other assetsStart of year $1,019,739$5,574,599
X-16 Total assetsStart of year $118,722,969$108,692,498
X-17 Accounts payable and accrued expensesStart of year $222,886$886,961
X-18 Grants payableStart of year $25,215,889$7,127,500
X-25 Other liabilitiesStart of year $3,020,126$9,726,754
X-26 Total liabilitiesStart of year $28,458,901$17,741,215
X-27 Net assets without donor restrictionsStart of year $81,131,941$90,951,283
X-28 Net assets with donor restrictionsStart of year $9,132,127$0
X-32 Total net assets or fund balancesStart of year $90,264,068$90,951,283
X-33 Total liabilities and net assetsStart of year $118,722,969$108,692,498
Part XI · Reconciliation of net assets $90,951,283 net assets at year end
XI-1 Total revenue$55,405,330
XI-2 Total expenses$55,448,793
XI-3 Revenue less expenses−$43,463
XI-4 Net assets at start of year$90,264,068
XI-5 Net unrealized gains (losses) on investments$730,678
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$90,951,283

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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