Propel America

Tax-deductible

Boston, MA501(c)(3)Since 2018EducationEIN 83-1867782Revenue $8.4M in FY2024

On file with the IRSpropelamerica.org800 Boylston Street Po Box 99044, 02199-1900 · Boston, MATax-exempt since Apr 2019Publicly supported charity — 170(b)(1)(A)(vi)

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Propel America empowers students with the skills, experiences, credentials and networks they need to move from high school to a well-paying job within one year, with opportunities for advancement and higher education.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 3 volunteers and 13 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
4 of 5
filings with a surplus
Average surplus $1.6M a year · 24% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.9M
to officers and key staff · 24% of spending
Top officer’s pay higher than 96% of similar orgs
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $375K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$177K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 7 voting members
Looks good: 5 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
$8.4M
-30% vs prior year
Spent
$7.8M
To programs
85%
Net assets
$9.8M
By yearFY2020–FY2024
Revenue
$8.4M
FY2024▼ -30%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.9M
FY2021$6.1M
FY2022$5.0M
FY2023$12.0M
FY2024$8.4M
Expenses
$7.8M
FY2024▲ +26%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.5M
FY2021$4.3M
FY2022$5.4M
FY2023$6.2M
FY2024$7.8M
Net assets
$9.8M
FY2024▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8M
FY2021$3.6M
FY2022$3.2M
FY2023$8.9M
FY2024$9.8M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2019.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $6.6M Management & general 7% · $539K Fundraising 8% · $663K

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

16 people listed on the 990; $1.9M paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO/Director
$307,276Pt VII · Sec A
Chief Operating Officer
$257,554Pt VII · Sec A
Chief Program Officer
$246,033Pt VII · Sec A
Chief External Affairs Officer
$240,247Pt VII · Sec A
VP of Technology
$185,331Pt VII · Sec A
VP of Client Services
$170,658Pt VII · Sec A
SR. Dir. of Pre-Fellowship Programs
$139,159Pt VII · Sec A
Senior Director of Client Services
$127,189Pt VII · Sec A

Chad Rountree’s $307K as CEO/Director is at the 96th 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Chad Rountree$307,276$276,775$266,599$219,893—
Paymon Rouhanifard$60,200$61,200$170,232$282,677$276,861
Debra Kurshan$257,554$252,082$236,001$229,970$209,397
Patricia Diaz-Andrade$246,033————
Claire Cosenze$240,247$230,817$228,017——
Andrea Wolfe—$235,447$226,403$168,610—
John Childers$185,331$185,839$175,896——
Kelly Morris$170,658$170,033———

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

Helps students gain skills and connections for well-paying jobs and further education within a year.

Provided by the organization

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1 program · $6.6M · in their own filed words · FY2024
01

Propel america helps young adults 18-26 move directly into a thriving-wage healthcare career through a tuition-free higher education pathway. Propel works directly with employer partners to ensure our fellows are connected to thriving wage jobs and that they receive individualized coaching and support throughout their training and early…

$6.6Mprogram 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 · FY2025
New Profit INCFY2025$375K
Total grants receivedfrom 1 funder$375K
Grants paid · 14 grants · $3.6M · 2020–2024
Unitemized GrantFY2024$1,129,518
Unitemized GrantFY2024$286,358
National Louis UniversityIL · FY2023$250,000
Unitemized GrantFY2023$244,924
Unitemized GrantFY2023$94,731
National Louis UniversityIL · FY2022$787,879
Unitemized GrantFY2022$76,733
Unitemized GrantFY2022$66,401
National Louis UniversityIL · FY2021$260,000
Unitemized GrantFY2021$105,270
Unitemized GrantFY2021$5,314
Unitemized GrantFY2020$121,560
Unitemized GrantFY2020$72,250
National Louis UniversityIL · FY2020$62,500

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$8.4M
Ln 12
Gifts and grantsLn 1h$7.1M
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$79K
Money outPt IX
$7.8M
Ln 25
Programscol B$6.6M
Managementcol C$539K
Fundraisingcol D$663K
Owns and owesPt X
$9.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$10.0M
LiabilitiesLn 26$177K
PeoplePt VI, VII
16
listed · VII A
PaidVII A10
Voting boardVI 1a7
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.1M
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$79K
Total revenueLn 12$8.4M
Assets in detailPt X, end of year
CashLn 1$1.6M
SavingsLn 2$548
Cash and savings togetherLn 1–2$1.6M
InvestmentsLn 11–13$5.8M
Total assetsLn 16$10.0M
LiabilitiesLn 26$177K
Net assetsLn 32$9.8M
OperationsPt I, VI
EmployeesI 513
VolunteersI 63
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$8.7M$1.6M
InvestmentsLn 11–13$5.8M
Total assetsLn 16$9.0M$10.0M
LiabilitiesLn 26$18K$177K
Net assetsLn 32$8.9M$9.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1.4M$1.4M
Pay of current officers, directors and key staffLn 5$1.2M$698K$108K$366K
Other salaries and wagesLn 7$2.9M$2.6M$97K$180K
Pension plan contributionsLn 8$77K$69K$248$8K
Other employee benefitsLn 9$557K$513K$18K$27K
Payroll taxesLn 10$297K$253K$12K$32K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$48K$48K
Investment management feesLn 11f$15K$15K
Other fees for servicesLn 11g$304K$136K$138K$30K
TravelLn 17$205K$183K$5K$18K
InsuranceLn 23$34K$14K$19K$2K
Other expenses (24a–d)Ln 24$785K$717K$66K$2K
All other expensesLn 24e$14K$2K$12K$150
Total functional expensesLn 25$7.8M$6.6M$539K$663K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $8.4M$7.8M$619K$9.8M 990 PDF
FY2023 $12.0M$6.2M$5.8M$8.9M 990 PDF
FY2022 $5.0M$5.4M−$442K$3.2M 990 PDF
FY2021 $6.1M$4.3M$1.8M$3.6M 990 PDF
FY2020 $2.9M$2.5M$421K$1.8M 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 FY2024 990 (6 parts)
Part I · Summary $8,440,970 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,355,250$7,092,070
I-9 Program service revenuePrior year $637,961$1,270,165
I-10 Investment incomePrior year $498$78,735
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $11,993,709$8,440,970
I-13 Grants and similar amounts paidPrior year $589,655$1,415,876
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,278,687$4,999,428
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,339,971$1,406,863
I-18 Total expensesPrior year $6,208,313$7,822,167
I-19 Revenue less expensesPrior year $5,785,396$618,803
Part VI · Governance 5 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members5
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $8,440,970 across 5 lines filed
VIII-1f All other contributions, gifts and grants$7,092,070
VIII-1h Total contributions, gifts and grants$7,092,070
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,270,165$1,270,165
VIII-3 Investment incomeExcluded from tax $78,735$78,735
VIII-12 Total revenueRelated to mission $1,270,165 · Unrelated business $0 · Excluded from tax $78,735$8,440,970
Part IX · Statement of functional expenses $7,822,167 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $1,415,876$1,415,876
IX-5 Pay of current officers, directors and key staffPrograms $697,730 · Management $107,866 · Fundraising $365,903$1,171,499
IX-7 Other salaries and wagesPrograms $2,619,714 · Management $96,918 · Fundraising $179,960$2,896,592
IX-8 Pension plan contributionsPrograms $69,156 · Management $248 · Fundraising $7,587$76,991
IX-9 Other employee benefitsPrograms $512,859 · Management $17,937 · Fundraising $26,623$557,419
IX-10 Payroll taxesPrograms $253,360 · Management $12,064 · Fundraising $31,503$296,927
IX-11b Legal feesManagement $1,735$1,735
IX-11c Accounting feesManagement $48,043$48,043
IX-11f Investment management feesManagement $14,827$14,827
IX-11g Other fees for servicesPrograms $136,371 · Management $138,139 · Fundraising $29,522$304,032
IX-17 TravelPrograms $182,956 · Management $4,607 · Fundraising $17,648$205,211
IX-23 InsurancePrograms $14,061 · Management $18,577 · Fundraising $1,704$34,342
IX-24 Other expenses (24a–d)Programs $716,718 · Management $65,813 · Fundraising $2,316$784,847
IX-24e All other expensesPrograms $1,889 · Management $11,787 · Fundraising $150$13,826
IX-25 Total functional expensesPrograms $6,620,690 · Management $538,561 · Fundraising $662,916$7,822,167
Part X · Balance sheet $9,989,475 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,649,855$1,561,117
X-2 Savings and temporary cash investmentsStart of year $7,000,510$548
X-3 Pledges and grants receivableStart of year $225,000$2,410,070
X-4 Accounts receivableStart of year $53,959$141,461
X-9 Prepaid expenses and deferred chargesStart of year $30,437$60,775
X-11 Publicly traded securities$5,815,504
X-16 Total assetsStart of year $8,959,761$9,989,475
X-17 Accounts payable and accrued expensesStart of year $17,563$176,841
X-26 Total liabilitiesStart of year $17,563$176,841
X-27 Net assets without donor restrictionsStart of year $7,621,445$6,382,796
X-28 Net assets with donor restrictionsStart of year $1,320,753$3,429,838
X-32 Total net assets or fund balancesStart of year $8,942,198$9,812,634
X-33 Total liabilities and net assetsStart of year $8,959,761$9,989,475
Part XI · Reconciliation of net assets $9,812,634 net assets at year end
XI-1 Total revenue$8,440,970
XI-2 Total expenses$7,822,167
XI-3 Revenue less expenses$618,803
XI-4 Net assets at start of year$8,942,198
XI-5 Net unrealized gains (losses) on investments$251,633
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,812,634

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

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