Teaching business and management skills to students.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$30K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
2 of 2
filings with a surplus
Average surplus $91K a year · 34% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$30K
to officers and key staff · 29% of spending
Worth a look: pay to officers and key staff is 29% of spending; over 20%.
Pt VII · Sec A
45 mo
of spending, in cash
Looks good: 45.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $35K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$27K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$312K
+5% vs prior year
Spent
$103K
To programs
87%
Net assets
$366K
By yearFY2020–FY2024
Revenue
$312K
FY2021▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$81K
FY2021$297K
FY2021$312K
FY2022$242K
FY2023$73K
FY2024$26K
Expenses
$103K
FY2021▼ -27%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$142K
FY2021$103K
FY2022$215K
FY2023Not on file
FY2024Not on file
Net assets
$366K
FY2021▲ +133%
Tap a bar for its year
Net assets by fiscal year
FY2020$1K
FY2021$157K
FY2021$366K
FY2022$393K
FY2023$264K
FY2024$149K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1996.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $90K Management & general 9% · $9K Fundraising 4% · $4K

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

8 people listed on the 990; $30K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$30,000Pt VII · Sec A
Co-Chair
$0Pt VII · Sec A
Co-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Diane Quast’s $59K as Executive Director is at the 92nd percentile of top reported officer pay among 146 <$100K 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2021FY2020
Diane Quast$59,004$64,368$60,363$30,000$40,000$35,000

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 15aNo

Programs and updates

Teaches business and management skills to students.

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Provided by the organization

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2 programs · $90K · in their own filed words · FY2021
01

Teen innovation and entrepreneurship summer (ties) enrolled more than 220 high school students from 13 different high schools. Teens participated in a virtual summer program that taught students how to ideate and create a business and culminated in a virtual showcase event where teens presented their pitch decks.

$63Kprogram expense
02

Launching echo enrolled 162 high school teens from 61 different high schools and 285 middle school students from 15 different middle schools, all of whom participated in a classroom based introduction to entrepreneurship and culminated in vibrant and virtual capstone events.

$27Kprogram expense

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 · FY2022
Total grants receivedfrom 2 funders$35K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$312K
Ln 12
Fees for servicesLn 2g$236K
Gifts and grantsLn 1h$76K
Money outPt IX
$103K
Ln 25
Programscol B$90K
Managementcol C$9K
Fundraisingcol D$4K
Owns and owesPt X
$366K
net assets · Ln 32
Cash and savingsLn 1–2$389K
Total assetsLn 16$392K
LiabilitiesLn 26$27K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$76K
Fees for servicesLn 2g$236K
Total revenueLn 12$312K
Assets in detailPt X, end of year
CashLn 1$389K
Cash and savings togetherLn 1–2$389K
Total assetsLn 16$392K
LiabilitiesLn 26$27K
Net assetsLn 32$366K
OperationsPt I, VI
EmployeesI 53
VolunteersI 6150
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$158K$389K
Total assetsLn 16$158K$392K
LiabilitiesLn 26$833$27K
Net assetsLn 32$157K$366K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$30K$26K$3K$2K
Other salaries and wagesLn 7$41K$35K$4K$2K
Payroll taxesLn 10$4K$4K$439$219
Other fees for servicesLn 11g$15K$15K$100$51
Advertising and promotionLn 12$804$402$402
Office expensesLn 13$3K$3K$329$164
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$7K$7K$113
Total functional expensesLn 25$103K$90K$9K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $26K$149K 990 PDF
FY2023 $73K$264K 990 PDF
FY2022 $242K$215K$27K$393K 990 PDF
FY2021 $297K$142K$156K$157K 990 PDF
FY2020 $81K$1K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $312,158 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $127,853$76,005
I-9 Program service revenuePrior year $169,555$236,153
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $297,408$312,158
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $75,854$75,536
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $65,794$27,885
I-18 Total expensesPrior year $141,648$103,421
I-19 Revenue less expensesPrior year $155,760$208,737
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $312,158 across 4 lines filed
VIII-1f All other contributions, gifts and grants$76,005
VIII-1h Total contributions, gifts and grants$76,005
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $236,153$236,153
VIII-12 Total revenueRelated to mission $236,153 · Unrelated business $0 · Excluded from tax $0$312,158
Part IX · Statement of functional expenses $103,421 across 8 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $25,500 · Management $3,000 · Fundraising $1,500$30,000
IX-7 Other salaries and wagesPrograms $34,978 · Management $4,115 · Fundraising $2,057$41,150
IX-10 Payroll taxesPrograms $3,728 · Management $439 · Fundraising $219$4,386
IX-11g Other fees for servicesPrograms $15,137 · Management $100 · Fundraising $51$15,288
IX-12 Advertising and promotionPrograms $402 · Fundraising $402$804
IX-13 Office expensesPrograms $2,790 · Management $329 · Fundraising $164$3,283
IX-23 InsuranceManagement $1,023$1,023
IX-24 Other expenses (24a–d)Programs $7,374 · Management $113$7,487
IX-25 Total functional expensesPrograms $89,909 · Management $9,119 · Fundraising $4,393$103,421
Part X · Balance sheet $392,238 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $157,741$389,438
X-4 Accounts receivable$2,800
X-16 Total assetsStart of year $157,741$392,238
X-17 Accounts payable and accrued expensesStart of year $833$1,593
X-19 Deferred revenue$25,000
X-26 Total liabilitiesStart of year $833$26,593
X-27 Net assets without donor restrictionsStart of year $132,169$350,645
X-28 Net assets with donor restrictionsStart of year $24,739$15,000
X-32 Total net assets or fund balancesStart of year $156,908$365,645
X-33 Total liabilities and net assetsStart of year $157,741$392,238
Part XI · Reconciliation of net assets $365,645 net assets at year end
XI-1 Total revenue$312,158
XI-2 Total expenses$103,421
XI-3 Revenue less expenses$208,737
XI-4 Net assets at start of year$156,908
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$365,645

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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