Skillsright INC EIN 86-1528485 Form 990 (PDF)

Skillsright INC

Claimed

Helps one million Black individuals without degrees get family-sustaining jobs and advance their careers. For fiscal year 2024 it reported $20.1M in revenue, $30.7M in expenses, and $72.6M in net assets.Pt I

Founded
2020
Type
Public charity (501(c)(3)) · Civil Rights & Advocacy
Location
Montclair, NJ
Website
www.oneten.org
Filings
4 on file (2021–2024)
Claimed
Yes
Revenue
$20.1MFY2024
Expenses
$30.7M
Net assets
$72.6M
People
25
Filings
4
Updates
0
More identity details & actions ⌄
EIN  86-1528485 Public charity (501(c)(3)) Montclair, NJ Founded 2020
Form 990 (PDF)
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Figures match the IRS filing checked 8/10/26 · see original: IRS
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Size
$10–100M
What they do
Helps one million Black individuals without degrees get family-sustaining jobs and advance their careers.
Leadership
Deborah Dyson · CEO · $853K
Money in and out
$20.1M revenue, $30.7M expenses
Bottom line
76% program efficiency
Where the money goes · FY2024
Total revenue
$20.1M
Pt VIII · Ln 12
Total expenses
$30.7M
Pt IX · Ln 25
Net assets
$72.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$10.6M
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.16 Fundraising $0.08
Program efficiency
76%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
28.8mo
months of highly liquid reserves at operating expense rate▲ +34% vs prior filing year
Surplus margin
-53%
revenue over expenses, this year▼ -354% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$20.1M
FY2024▼ -53%
Expenses
$30.7M
FY2024▼ -36%
Total assets
$77.0M
FY2024▼ -32%
Total liabilities
$4.4M
FY2024▼ -39%
Total revenue
$20.1M
Pt VIII · Ln 12
Total expenses
$30.7M
Pt IX · Ln 25
Net assets
$72.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$10.6M
Total assetsPt X · Ln 16$77.0M
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSkillsright INC
EINHdr · item D86-1528485
Principal addressHdr · item CMontclair, NJ
WebsiteHdr · item Jwww.oneten.org
Year of formationHdr · item L2020
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCivil Rights & Advocacy (R05)
Ruling yearIRS BMFJun 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$853,374Pt VII · Sec A
Chief Financial Officer
$515,549Pt VII · Sec A
Chief Marketing & Com Officer
$411,508Pt VII · Sec A
Chief Admin Off
$370,921Pt VII · Sec A
Chief Talent Dev. Officer
$350,260Pt VII · Sec A
Chief Technology Officer
$316,135Pt VII · Sec A
Chief Technology Officer
$289,156Pt VII · Sec A
Chief Operations Executive
$278,401Pt VII · Sec A

Deborah Dyson’s $853K as CEO is at the 99th percentile of top reported officer pay among 129 $10–100M civil rights & advocacy 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

NameFY2024FY2023FY2022
Maurice Jones$995,053$784,752
Deborah Dyson$853,374$760,114
Toshie Davis$515,549$498,373$495,902
April Chou$451,577$509,032
Sukanta Nag$499,432$500,090
Marc Spencer$473,774$326,183
Matthew McGuire$449,480$257,318
Sabrina Dupre$411,508$391,885$336,835

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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Mission & Programs · Part III

Where the work happens

3 program services account for $23.5M of program spending, described in the organization's own filed words · FY2024.
01

Ecosystem Building

We engage employers, talent and community development organizations in local markets to help ensure the right conditions exist to support the entire career journey for diverse talent.

$10.7Mprogram expense
02

Human Capital Management

We provide upskilling and retention strategies to drive talent performance and advancement. We leverage an unparalleled network of partners, talent developers and our career platform through which talent without four-year degrees can enter and connect to a family-sustaining career.

$7.6Mprogram expense
03

Practice Change & Best-Class Insights

We work with companies to remove the four-year degree barrier and provide expertise and strategic guidance to accelerate inclusive, skills-first practices in hiring and promotion.

$5.2Mprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$16.7M · 83%
Investment income$3.4M · 17%
Contributions & grants83%$16.7M
Investment income17%$3.4M
Total revenueLn 12$20.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.16 Fundraising $0.08
Program services76%$23.5M
Management & general16%$4.9M
Fundraising8%$2.3M
Total functional expensesLn 25$30.7M

Balance Sheet

Part X · end of year
CashLn 1$73.9M
Total assetsLn 16$77.0M
Total liabilitiesLn 26$4.4M
Total net assetsLn 32$72.6M
Months of cash on handcomputed28.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $73.9M · Operating expenses/yr $30.7M
28.8 months
Where the money goes
Program services
Program services $23.5M · Total expenses $30.7M
76%
Management & General
Management & general $4.9M · Total expenses $30.7M
16%
Fundraising
Fundraising $2.3M · Total expenses $30.7M
8%
Cost to raise $1
Fundraising expense (3-yr avg) $2.3M · Solicited contributions (3-yr avg) $36.7M
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $16.7M · Total revenue $20.1M
83%
Government reliance
Government grants — · Total revenue $20.1M
Earned-income share
Program service revenue $0 · Total revenue $20.1M
0%
Investment reliance
Investment income $3.4M · Total revenue $20.1M
+17%
Program self-sufficiency
Program service revenue $0 · Total expenses $30.7M
0%
Growth & trend
Revenue growth (YoY)
This year $20.1M · Prior year $42.7M
-53%
Net-asset trend (YoY)
End of year $72.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $20.1M · Expenses $30.7M
-53%
Liabilities-to-Assets
Total liabilities — · Total assets $77.0M
Net-asset ratio
Net assets $72.6M · Total assets $77.0M
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $77.0M
0%
People & payroll
Highest Reported Total Compensation
Individual Deborah Dyson · Reported title CEO · Highest reported compensation $853K · Total expenses $30.7M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $16.4M · Total expenses $30.7M
53%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 16%
Fundraising cost ratio 14%
Revenue growth -53%
Investment management fee ratio 0%
Legal fee ratio 2%
Accounting fee ratio 0.3%
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.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 7 funders →
Grants paid · 32 grants · $12.0M · 2022–2024
Unitemized GrantFY2024$250,000
Unitemized GrantFY2023$3,267,600
Unitemized GrantFY2023$1,522,500
Tech ImpactPA · FY2023$50,000
Wake Technical Community CollegeFY2023$50,000
Udacity INCFY2022$4,130,200
Multiverse US INCFY2022$1,533,000
Social Good Fund INCCA · FY2022$50,000
General Assembly Space INCFY2022$50,000
Uvaro INCFY2022$50,000
InteraptFY2022$50,000
Diversenote1 INCMI · FY2022$50,000
Correlation One INCFY2022$50,000
Techbridge INCGA · FY2022$50,000
See all 32 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$20.1M revenue · viewing · ⤓ 990 PDF
FY2023$42.7M revenue · ⤓ 990 PDF
FY2022$52.6M revenue · ⤓ 990 PDF
FY2021$22.5M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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