Working Classroom INC FY2022 filing

Albuquerque, NM · Public charity (501(c)(3))

✓ Tax-deductible Latest data FY2022
Revenue
$457K
▲ +64% vs prior year
Spent
$456K
To programs
70%
Net assets
$436K
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — Hispanic Federation INC
$20K in the latest grant year.
Spent on programs?
70% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +64% vs prior year
Legal name (IRS)Hdr · item CWorking Classroom INC
EINHdr · item D85-0280287
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJul 1980
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CAlbuquerque, NM
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.workingclassroom.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.30 Fundraising $0.00
Program services70%$321K
Management & general30%$135K
Fundraising$537
Total functional expensesLn 25$456K

Financial health

Revenue & expenses by yearFY2020–FY2024
Revenue
$457K
FY2022▲ +64%
Expenses
$456K
FY2022▲ +84%
Program efficiency
70%
of spending reaches programs
Operating runway
4.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+0.3%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$709K
FY2022▼ -0.5%
Total liabilities
$273K
FY2022▼ -2%
Revenue less expensesPt I · Ln 19$1K
Total assetsPt X · Ln 16$709K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Balance Sheet

Part X · end of year
CashLn 1$177K
Total assetsLn 16$709K
Total liabilitiesLn 26$273K
Total net assetsLn 32$436K
Months of cash on handcomputed4.7

Statement of Revenue

Part VIII
Contributions & grants$362K · 79%
Program service revenue$89K · 20%
Other revenue$5K · 1%
Contributions & grants79%$362K
Program service revenue20%$89K
Other revenue1%$5K
Investment income$800
— government grantsLn 1e$103K
Total revenueLn 12$457K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $177K · Operating expenses/yr $456K
4.7 months
Where the money goes
Program services
Program services $321K · Total expenses $456K
70%
Management & General
Management & general $135K · Total expenses $456K
30%
Fundraising
Fundraising $537 · Total expenses $456K
0.1%
Cost to raise $1
Fundraising expense (3-yr avg) $666 · Solicited contributions (3-yr avg) $134K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $362K · Total revenue $457K
79%
Government reliance
Government grants $103K · Total revenue $457K
22%
Earned-income share
Program service revenue $89K · Total revenue $457K
20%
Investment reliance
Investment income $800 · Total revenue $457K
+0.2%
Program self-sufficiency
Program service revenue $89K · Total expenses $456K
20%
Growth & trend
Revenue growth (YoY)
This year $457K · Prior year $278K
+64%
Net-asset trend (YoY)
End of year $436K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $457K · Expenses $456K
+0.3%
Liabilities-to-Assets
Total liabilities — · Total assets $709K
—
Net-asset ratio
Net assets $436K · Total assets $709K
62%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $709K
0%
People & payroll
Highest Reported Total Compensation
Individual Madalena Salazar · Reported title Executive Director · Highest reported compensation $70K · Total expenses $456K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $124K · Total expenses $456K
27%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 70%——
Overhead ratio 30%——
Fundraising cost ratio 0.1%——
Revenue growth 64%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0%——
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

Part VII, Section A · reportable compensation
Executive Director
$70,500Pt VII · Sec A
Board Member Staff Representative
$47,341Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board President
$0Pt VII · Sec A
Board Member Student Representative
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Madalena Salazar$79,844$81,563$70,500$39,000—
Manuel Hernandez$59,624$61,358$47,341——
Maria Gallegos————$32,618

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

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Teaches at-risk youth theater and art, offering academic help to keep them in school and pursue college.

Provided by the organization

This section is blank until Working Classroom INC claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $293K of program spending, described in the organization's own filed words · FY2022.
01

Art Projects

During 2022 Working Classroom's Visual Arts Program provided instruction to 105 student artists; created 3 public murals and had an installation for the Day of the Dead at La Mexicana Tortilla Factory. Working Classroom provided employment to 6 teaching artists and provided mural opportunities to 3 local artists.

$226Kprogram expense
02

Theater Projects

During 2022 Working Classroom's Theater Arts Program provided theater workshops to 14 student actors and produced 1 workshop performance. Working Classroom contracted with 2 teaching artists.

$56Kprogram expense
03

Academic Projects

During 2022 Working Classroom was unable to provide academic support to students no support provided through grant funders for the year. All expenses are related to fixed prorated expenses per department.

$11Kprogram expense

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Funders

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$20K

Filing history

YearRevenueExpensesChangeFiling
FY2024 Latest $627K$746K+27% 990 PDF
FY2023 $494K$554K+8% 990 PDF
FY2022 Viewing $457K$456K+64% 990 PDF
FY2021 $278K$248K+43% 990 PDF
FY2020 $195K$208K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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