Yellow Work INC FY2021 filing

Tax-deductible

Virginia Beach, VA501(c)(3)EducationEIN 83-1806269

TO EVEN THE ODDS FOR ALL KIDS THROUGH EDUCATION. We focus on five key priorities to transform education and teach for the future: ABOLISH REMEDIAL, REVOLUTIONIZE TEACHING, INSPIRE ENTREPRENEURSHIP, NOURISH YOUTH, and ENLIST COMMUNITIES.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
$134K 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

FY2021 · 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
4 of 5
filings with a surplus
Average surplus $742K a year · 31% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$134K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 12.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$27K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
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
$2.2M
+23% vs prior year
Spent
$1.3M
To programs
66%
Net assets
$1.8M
By yearFY2020–FY2025
Revenue
$2.2M
FY2021▲ +23%
Revenue by fiscal year
FY2020$1.8M
FY2021$2.2M
FY2022$2.8M
FY2024$2.8M
FY2025$2.3M
Expenses
$1.3M
FY2021▲ +27%
Expenses by fiscal year
FY2020$1.0M
FY2021$1.3M
FY2022$854K
FY2024$2.4M
FY2025$2.6M
Net assets
$1.8M
FY2021▲ +118%
Net assets by fiscal year
FY2020$808K
FY2021$1.8M
FY2022$3.7M
FY2024$6.9M
FY2025$6.6M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Dec 2019.

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

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $836K Management & general 29% · $365K Fundraising 6% · $71K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

8 people listed on the 990; $134K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$134,114Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
President/Ce
$0Pt VII · Sec A
Secretary&tr
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Stacey Owsley’s $165K as Executive Director is at the 72nd percentile of top reported officer pay among 3395 $1–10M 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2022FY2021FY2020
Stacey Owsley$165,461$185,730———
Stacey Owsley——$70,417$134,114—
Michael McGalliard————$120,098

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.

See Yellow Work INC executive salaries →

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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

Transforms education to give all kids equal opportunities through teaching, entrepreneurship, and community involvement.

Provided by the organization

This section is blank until Yellow Work INC claims this page.

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1 program service account for $836K of program spending, described in the organization's own filed words · FY2021.
01

Amazon earsketch x yellow yellow, along with amazon and the georgia institute of technology partnered up to bring educational experiences to teach coding while kick-starting meaningful conversations among middle and high school students and their teachers about the importance of racial justice.

$836Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.2M
Ln 12
Gifts and grantsLn 1h$2.2M
Fees for servicesLn 2g$3K
Money outPt IX
$1.3M
Ln 25
Programscol B$836K
Managementcol C$365K
Fundraisingcol D$71K
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$1.8M
LiabilitiesLn 26$27K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.2M
Fees for servicesLn 2g$3K
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$1.3M
Cash and savings togetherLn 1–2$1.3M
Land, buildings, equipmentLn 10c$26K
Other assetsLn 15$330K
Total assetsLn 16$1.8M
LiabilitiesLn 26$27K
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 517
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY21End FY21
Cash and savingsLn 1–2$513K$1.3M
Land, buildings, equipmentLn 10c$26K
Total assetsLn 16$813K$1.8M
LiabilitiesLn 26$6K$27K
Net assetsLn 32$808K$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$142K$71K$71K
Other salaries and wagesLn 7$530K$366K$100K$64K
Other employee benefitsLn 9$55K$38K$13K$4K
Payroll taxesLn 10$51K$28K$19K$4K
Legal feesLn 11b$114K$68K$46K
Accounting feesLn 11c$41K$20K$20K
Other fees for servicesLn 11g$104K$104K
Advertising and promotionLn 12$8K$8K$735
Office expensesLn 13$15K$3K$12K
Information technologyLn 14$45K$26K$18K
OccupancyLn 16$22K$22K
TravelLn 17$20K$20K
Depreciation, depletion and amortizationLn 22$479$479
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$91K$91K
All other expensesLn 24e$25K$12K$13K
Total functional expensesLn 25$1.3M$836K$365K$71K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.3M$2.6M−$336K$6.6M 990 PDF
FY2024 $2.8M$2.4M$354K$6.9M 990 PDF
FY2023 Not on file
FY2022 $2.8M$854K$1.9M$3.7M 990 PDF
FY2021 Viewing $2.2M$1.3M$951K$1.8M 990 PDF
FY2020 $1.8M$1.0M$808K$808K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $2,223,761 across 4 lines filed
VIII-1f All other contributions, gifts and grants$2,220,312
VIII-1h Total contributions, gifts and grants$2,220,312
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,449$3,449
VIII-12 Total revenueRelated to mission $3,449$2,223,761
Part IX · Statement of functional expenses $1,272,866 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $71,011 · Management $71,011$142,022
IX-7 Other salaries and wagesPrograms $366,452 · Management $100,306 · Fundraising $63,646$530,404
IX-9 Other employee benefitsPrograms $37,882 · Management $12,943 · Fundraising $3,768$54,593
IX-10 Payroll taxesPrograms $28,431 · Management $18,905 · Fundraising $3,819$51,155
IX-11b Legal feesPrograms $67,734 · Management $45,814$113,548
IX-11c Accounting feesPrograms $20,274 · Management $20,274$40,548
IX-11g Other fees for servicesPrograms $104,000$104,000
IX-12 Advertising and promotionPrograms $7,535 · Management $735$8,270
IX-13 Office expensesPrograms $3,125 · Management $11,856$14,981
IX-14 Information technologyPrograms $26,250 · Management $18,354$44,604
IX-16 OccupancyManagement $21,930$21,930
IX-17 TravelManagement $19,517$19,517
IX-22 Depreciation, depletion and amortizationPrograms $479$479
IX-23 InsuranceManagement $10,650$10,650
IX-24 Other expenses (24a–d)Programs $90,874$90,874
IX-24e All other expensesPrograms $12,413 · Management $12,878$25,291
IX-25 Total functional expensesPrograms $836,460 · Management $365,173 · Fundraising $71,233$1,272,866
Part X · Balance sheet $1,785,876 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $513,440$1,329,828
X-3 Pledges and grants receivableStart of year $300,000$100,000
X-10c Land, buildings and equipment, net$25,877
X-15 Other assets$330,171
X-16 Total assetsStart of year $813,440$1,785,876
X-17 Accounts payable and accrued expensesStart of year $5,910$27,451
X-26 Total liabilitiesStart of year $5,910$27,451
X-27 Net assets without donor restrictionsStart of year $607,530$1,758,425
X-32 Total net assets or fund balancesStart of year $807,530$1,758,425
X-33 Total liabilities and net assetsStart of year $813,440$1,785,876
Part XI · Reconciliation of net assets $1,758,425 net assets at year end
XI-1 Total revenue$2,223,761
XI-2 Total expenses$1,272,866
XI-3 Revenue less expenses$950,895
XI-4 Net assets at start of year$807,530
XI-10 Net assets at end of year$1,758,425

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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