Skyrocket Education INC

Tax-deductible

Merrick, NY501(c)(3)EducationEIN 85-2740460

To dramatically impact student outcomes through the most intense and intentional school leader and teacher training programs in the country.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Run by 5 volunteers and 6 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 4
filings with a surplus
Average surplus $356K a year · 22% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $275K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$272K
130% of total assets
Concern: liabilities are 130% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 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
$2.2M
-1% vs prior year
Spent
$2.1M
To programs
90%
Net assets
−$64K
By yearFY2020–FY2024
Revenue
$2.2M
FY2024▼ -1%
Revenue by fiscal year
FY2020$75K
FY2021$499K
FY2022$1.5M
FY2023$2.2M
FY2024$2.2M
Expenses
$2.1M
FY2024▲ +129%
Expenses by fiscal year
FY2020Not on file
FY2021$466K
FY2022$1.5M
FY2023$917K
FY2024$2.1M
Net assets
−$64K
FY2024
Net assets by fiscal year
FY2020$75K
FY2021$107K
FY2022$84K
FY2023$0
FY2024−$64K

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

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2020.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $1.9M Management & general 10% · $201K

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

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chairma
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Stacey Sonbert’s $23K as Treasurer is at the 3rd 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 · 2 named individuals · Part VII

NameFY2022FY2021
Machonn Vance—$136,918
Stacey Sonbert$23,231—

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 Skyrocket Education 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 15aNo

Programs and updates

Intensely trains school leaders and teachers to improve student outcomes.

Provided by the organization

This section is blank until Skyrocket Education INC claims this page.

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1 program service account for $1.9M of program spending, described in the organization's own filed words · FY2024.
01

Impact student outcomes through the most intense and intentional school

$1.9Mprogram 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 · FY2024
Total grants receivedfrom 1 funder$275K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.2M
Ln 12
Fees for servicesLn 2g$2.2M
Gifts and grantsLn 1h$3K
Money outPt IX
$2.1M
Ln 25
Programscol B$1.9M
Managementcol C$201K
Owns and owesPt X
−$64K
net assets · Ln 32
Cash and savingsLn 1–2$23K
Total assetsLn 16$209K
LiabilitiesLn 26$272K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3K
Fees for servicesLn 2g$2.2M
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$23K
Cash and savings togetherLn 1–2$23K
Other assetsLn 15$186K
Total assetsLn 16$209K
LiabilitiesLn 26$272K
Net assetsLn 32−$64K
OperationsPt I, VI
EmployeesI 56
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$89K$23K
Total assetsLn 16$192K$209K
LiabilitiesLn 26$192K$272K
Net assetsLn 32$0−$64K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.0M$853K$150K
Other employee benefitsLn 9$56K$48K$8K
Payroll taxesLn 10$82K$69K$12K
Accounting feesLn 11c$37K$37K
Other fees for servicesLn 11g$398K$398K
Advertising and promotionLn 12$51K$51K
Office expensesLn 13$21K$18K$3K
OccupancyLn 16$40K$34K$6K
TravelLn 17$235K$235K
Conferences, conventions and meetingsLn 19$5K$5K
InterestLn 20$85K$73K$13K
InsuranceLn 23$4K$3K$594
Other expenses (24a–d)Ln 24$85K$77K$7K
Total functional expensesLn 25$2.1M$1.9M$201K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.2M$2.1M$59K−$64K 990 PDF
FY2023 $2.2M$917K$1.3M$0 990 PDF
FY2022 $1.5M$1.5M$58K$84K 990 PDF
FY2021 $499K$466K$32K$107K 990 PDF
FY2020 $75K$75K 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 (4 parts)
Part VIII · Statement of revenue $2,160,868 across 4 lines filed
VIII-1f All other contributions, gifts and grants$3,362
VIII-1h Total contributions, gifts and grants$3,362
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,157,506$2,157,506
VIII-12 Total revenueRelated to mission $2,157,506$2,160,868
Part IX · Statement of functional expenses $2,101,658 across 13 lines filed
IX-7 Other salaries and wagesPrograms $852,796 · Management $150,494$1,003,290
IX-9 Other employee benefitsPrograms $47,733 · Management $8,424$56,157
IX-10 Payroll taxesPrograms $69,363 · Management $12,240$81,603
IX-11c Accounting feesPrograms $36,972$36,972
IX-11g Other fees for servicesPrograms $397,963$397,963
IX-12 Advertising and promotionPrograms $51,157$51,157
IX-13 Office expensesPrograms $18,036 · Management $3,183$21,219
IX-16 OccupancyPrograms $33,697 · Management $5,946$39,643
IX-17 TravelPrograms $234,923$234,923
IX-19 Conferences, conventions and meetingsPrograms $4,520$4,520
IX-20 InterestPrograms $72,592 · Management $12,810$85,402
IX-23 InsurancePrograms $3,368 · Management $594$3,962
IX-24 Other expenses (24a–d)Programs $77,352 · Management $7,495$84,847
IX-25 Total functional expensesPrograms $1,900,472 · Management $201,186 · Fundraising $0$2,101,658
Part X · Balance sheet $208,814 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $88,698$22,807
X-15 Other assetsStart of year $103,642$186,007
X-16 Total assetsStart of year $192,340$208,814
X-25 Other liabilitiesStart of year $192,340$272,374
X-26 Total liabilitiesStart of year $192,340$272,374
X-27 Net assets without donor restrictions−$63,560
X-32 Total net assets or fund balancesStart of year $0−$63,560
X-33 Total liabilities and net assetsStart of year $192,340$208,814
Part XI · Reconciliation of net assets −$63,560 net assets at year end
XI-1 Total revenue$2,160,868
XI-2 Total expenses$2,101,658
XI-3 Revenue less expenses$59,210
XI-9 Other changes in net assets−$122,770
XI-10 Net assets at end of year−$63,560

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

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