Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2019.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
74 cents of each dollar spent went to programs.
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
26 people listed on the 990; $1.3M paid to officers and key staff.
Reuben Ogbonna’s $209K as Co-Founder & Executive Director is at the 84th 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
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Reuben Ogbonna | $208,681 | $184,483 | $147,275 | $113,750 | $76,700 |
| Maya Bhattacharjee-Marcantonio | $208,681 | $191,346 | $141,450 | $113,750 | $76,700 |
| Hollins Gause | $171,878 | $159,683 | — | — | — |
| Travis Fox | $136,040 | $145,559 | $115,644 | — | — |
| Ashley Lusky | $142,804 | $127,554 | $109,241 | $91,989 | — |
| Thuyan Duong | — | — | $139,010 | $108,343 | — |
| Ana Reyes Martinez | $138,056 | $114,616 | — | — | — |
| Ben Spector | $124,213 | — | — | — | — |
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
Prepares underserved young adults for high-paying tech careers through exceptional post-secondary education.
Questions for Marcy Lab INC
Your first name shows with your question. Marcy Lab INC answers here, for everyone.
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Our flagship program, the software engineering fellowship, is a true alternative to college, designed to be a direct pathway for young people of color from low socioeconomic backgrounds to employment as entry-level software engineers.
Our flagship program, the software engineering fellowship, is a true alternative to college, designed to be a direct pathway for young people of color from low socioeconomic backgrounds to employment as entry-level software engineers.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 | $9.7M | $6.2M | $3.5M | $9.7M | 990 PDF |
| FY2023 Viewing | $9.7M | $4.9M | $4.8M | $7.2M | 990 PDF |
| FY2022 | $3.8M | $2.8M | $995K | $2.4M | 990 PDF |
| FY2021 | $2.1M | $904K | $1.2M | $1.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (1 part)
Part VI · Governance 6 of 8 board members independent, no flags
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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