Work-Based Learning Alliance INC EIN 88-4022538

Work-Based Learning Alliance INC

EIN  88-4022538 Public charity (501(c)(3)) Dover, DE Founded 2022
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Size
$1–10M
What they do
Connects high school students with industry learning experiences for real-world skills.
Leadership
Prudence Clifford · Executive Director, President · $167K
Money in and out
$2.1M revenue, $1.9M expenses
Bottom line
93% program efficiency

Connects high school students with industry learning experiences for real-world skills. For fiscal year 2024 it reported $2.1M in revenue, $1.9M in expenses, and $264K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$2.1M
Pt VIII · Ln 12
Total expenses
$1.9M
Pt IX · Ln 25
Net assets
$264K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $116K
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.04 Fundraising $0.03
Program efficiency
93%
of spending reaches programs▲ +11% vs prior filing year
Operating runway
2.6mo
months of highly liquid reserves at operating expense rate▼ -81% vs prior filing year
Surplus margin
+6%
revenue over expenses, this year▲ ×30 vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$2.1M
FY2024▲ +60%
Expenses
$1.9M
FY2024▲ +51%
Total assets
$585K
FY2024▼ -64%
Total liabilities
$321K
FY2024▼ -79%
Total revenue
$2.1M
Pt VIII · Ln 12
Total expenses
$1.9M
Pt IX · Ln 25
Net assets
$264K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$116K
Total assetsPt X · Ln 16$585K
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $1.8M of program spending, described in the organization's own filed words · FY2024.
01

To provide a proven projectbased learning model where students work in teams to complete a realworld project from an industry partner. Throughout their project, students receive feedback on their work from an industry mentor.

$1.8Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWork-Based Learning Alliance INC
EINHdr · item D88-4022538
Principal addressHdr · item CDover, DE
Year of formationHdr · item L2022
State of legal domicileHdr · item MDE
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFFeb 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b4
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

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director, President
$167,134Pt VII · Sec A
Vice President
$124,773Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Prudence Clifford’s $167K as Executive Director, President is at the 73rd percentile of top reported officer pay among 3393 $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

NameFY2024FY2024
Prudence Clifford$167,134$102,165
Nicole Davis$124,773$44,996

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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Statement of Revenue

Part VIII
Contributions & grants$1.5M · 75%
Program service revenue$510K · 25%
Contributions & grants75%$1.5M
Program service revenue25%$510K
Other revenue$1K
— government grantsLn 1e$1.3M
Total revenueLn 12$2.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.04 Fundraising $0.03
Program services93%$1.8M
Management & general4%$72K
Fundraising3%$62K
Total functional expensesLn 25$1.9M

Balance Sheet

Part X · end of year
CashLn 1$423K
Total assetsLn 16$585K
Total liabilitiesLn 26$321K
Total net assetsLn 32$264K
Months of cash on handcomputed2.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $423K · Operating expenses/yr $1.9M
2.6 months
Where the money goes
Program services
Program services $1.8M · Total expenses $1.9M
93%
Management & General
Management & general $72K · Total expenses $1.9M
4%
Fundraising
Fundraising $62K · Total expenses $1.9M
3%
Cost to raise $1
Fundraising expense (3-yr avg) $54K · Solicited contributions (3-yr avg) $165K
$0.33 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.5M · Total revenue $2.1M
75%
Government reliance
Government grants $1.3M · Total revenue $2.1M
64%
Earned-income share
Program service revenue $510K · Total revenue $2.1M
25%
Investment reliance
Investment income $0 · Total revenue $2.1M
0%
Program self-sufficiency
Program service revenue $510K · Total expenses $1.9M
26%
Growth & trend
Revenue growth (YoY)
This year $2.1M · Prior year $1.3M
+60%
Net-asset trend (YoY)
End of year $264K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.1M · Expenses $1.9M
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $585K
Net-asset ratio
Net assets $264K · Total assets $585K
45%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $585K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Prudence Clifford · Reported title EXECUTIVE DIRECTOR, PRESIDENT · Highest reported compensation $167K · Total expenses $1.9M
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $673K · Total expenses $1.9M
35%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 93%
Overhead ratio 4%
Fundraising cost ratio 4%
Revenue growth 60%

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 · FY2023
One8 FoundationFY2023$64K
Total grants receivedfrom 4 funders$187K
See all 4 funders →
Grants paid · 4 grants · $2.0M · 2022–2024
Unitemized GrantFY2024$1,085,949
Unitemized GrantFY2023$601,522
Unitemized GrantFY2022$149,725
Unitemized GrantFY2022$140,056

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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$1.3M revenue · ⤓ 990 PDF
FY2023$493K 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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