BAY AREA HYBRID COLLEGE INITIATIVE: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- BAY AREA HYBRID COLLEGE INITIATIVE (EIN 82-3461657)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-09-09
- IRS object ID
- 202412539349301051
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-09-09T09:07:00-07:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 472626541 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Cook & Company A Prof Actcy Corporation | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One Sansome St Ste 3500 | AddressLine1Txt |
| City | San Francisco | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94104 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 823461657 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Bay Area Hybrid College Initiative | BusinessNameLine1Txt |
| Business Name Line2 | DBA Rivet School | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BAYA | BusinessNameControlTxt |
| Phone | 5107275484 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1503 Macdonald Ave | AddressLine1Txt |
| City | Richmond | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94801 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Jeff Manassero | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Signature | 2024-09-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Douglas Cook PhDMPACPA | PreparerPersonNm |
| PTIN | P01521705 | PTIN |
| Phone | 4156211112 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-08-08 14:25:15Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Jeff Manassero | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1503 Macdonald Ave | AddressLine1Txt |
| City | Richmond | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94801 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $4,866,308 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | rivetschool.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2017 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | Rivet School's mission is to build and scale a new model of higher education that reliably enables traditionally underserved students to earn an affordable bachelor's degree in as little as two years, leading to a great first job and increased opportunity over time. | ActivityOrMissionDesc |
| Voting Members Governing Body | 6 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 27 | TotalEmployeeCnt |
| Total Volunteers | 7 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $3,802,087 | PYContributionsGrantsAmt |
| CY Contributions Grants | $4,192,509 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $433,777 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $602,194 | CYProgramServiceRevenueAmt |
| PY Investment Income | $9,187 | PYInvestmentIncomeAmt |
| CY Investment Income | $70,579 | CYInvestmentIncomeAmt |
| CY Other Revenue | $1,026 | CYOtherRevenueAmt |
| PY Total Revenue | $4,245,051 | PYTotalRevenueAmt |
| CY Total Revenue | $4,866,308 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $78,182 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $238,624 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,672,022 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,348,295 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $28,875 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $37,857 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $150,229 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $540,425 | PYOtherExpensesAmt |
| CY Other Expenses | $563,041 | CYOtherExpensesAmt |
| PY Total Expenses | $2,319,504 | PYTotalExpensesAmt |
| CY Total Expenses | $3,187,817 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,925,547 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,678,491 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $4,144,876 | TotalAssetsBOYAmt |
| Total Assets EOY | $5,863,880 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $958,887 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $999,400 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $3,185,989 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $4,864,480 | NetAssetsOrFundBalancesEOYAmt |
| Mission | Rivet School's mission is to build and scale a new model of higher education that reliably enables traditionally underserved students to earn an affordable bachelor's degree in as little as two years, leading to a great first job and increased opportunity over time. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $2,568,887 | ExpenseAmt |
| Grant | $238,624 | GrantAmt |
| Revenue | $464,425 | RevenueAmt |
| Desc | Rivet School was founded in 2018 with the mission of building a college experience designed entirely around the needs of real students. Our founding degree partner is Southern New Hampshire University, which offers a program called College for America CfA. Through CfA, enrollees earn their Associates of Arts or Bachelors of Arts degrees. In 2023, our team grew from nineteen to twenty-five. Through it all, we maintained a remarkable 95% voluntary retention rate, with only one voluntary transition among team members who started the year with us. This achievement aligns with the positive team culture reflected in our quarterly Team Experience Surveys (TES). (Cont'd at Schedule O) | Desc |
| Total Program Service Expenses | $2,568,887 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (true) | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (true) | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 52 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 27 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Form8282 Filed | 0 | Form8282FiledCnt |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | true | Form8899Filedind |
| Form1098 C Filed | Yes (true) | Form1098CFiledInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 6 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 6 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (true) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WA | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Rachel Friedland | PersonNm |
| Phone | 4152977493 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 832 Baker Street | AddressLine1Txt |
| City | San Francisco | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94115 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| Jeff Manassero | |||||||
| Executive Dir. | 40.00 | 0.00 | Yes (X) | $187,168 | $0 | $1,406 | |
| Iris Jong | |||||||
| COO | 35.00 | 0.00 | Yes (X) | $130,762 | $0 | $375 | |
| Nora Maxwell Chief | |||||||
| Growth Officer | 40.00 | 0.00 | $109,652 | $0 | $1,431 | ||
| Claire Michaels | |||||||
| Director of Career | 40.00 | 0.00 | $101,917 | $0 | $374 | ||
| Ted Williams | |||||||
| Chairman | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| Lauren Dutton Dir | |||||||
| Secretary | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| John Philip Coghlan Dir | |||||||
| Treasurer | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| Jaclyn Pinero | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Yin Lu | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Adanta Ahanonu | |||||||
| Director | 0.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $529,499 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $3,586 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 4 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $4,192,509 | AllOtherContributionsAmt |
| Total Contributions | $4,192,509 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Contract Fees | 900099 | $137,769 | $137,769 |
| Fellow Support Fees | 611430 | $464,425 | $464,425 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $602,194 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $70,579 | TotalRevenueColumnAmt |
| Exclusion | $70,579 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Miscellaneous | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $1,026 | TotalRevenueColumnAmt |
| Exclusion | $1,026 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,026 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,866,308 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $602,194 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $71,605 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $114,277 | TotalAmt |
| Program Services | $114,277 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $124,347 | TotalAmt |
| Program Services | $124,347 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $329,493 | TotalAmt |
| Program Services | $49,424 | ProgramServicesAmt |
| Management And General | $212,594 | ManagementAndGeneralAmt |
| Fundraising | $67,475 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,679,841 | TotalAmt |
| Program Services | $1,595,121 | ProgramServicesAmt |
| Management And General | $84,317 | ManagementAndGeneralAmt |
| Fundraising | $403 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $170,690 | TotalAmt |
| Program Services | $141,544 | ProgramServicesAmt |
| Management And General | $24,422 | ManagementAndGeneralAmt |
| Fundraising | $4,724 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $168,271 | TotalAmt |
| Program Services | $139,060 | ProgramServicesAmt |
| Management And General | $23,740 | ManagementAndGeneralAmt |
| Fundraising | $5,471 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,633 | TotalAmt |
| Program Services | $1,505 | ProgramServicesAmt |
| Management And General | $34,128 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,857 | TotalAmt |
| Fundraising | $37,857 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $87,409 | TotalAmt |
| Program Services | $59,865 | ProgramServicesAmt |
| Management And General | $26,416 | ManagementAndGeneralAmt |
| Fundraising | $1,128 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,598 | TotalAmt |
| Management And General | $2,500 | ManagementAndGeneralAmt |
| Fundraising | $30,098 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,346 | TotalAmt |
| Program Services | $19,204 | ProgramServicesAmt |
| Management And General | $6,829 | ManagementAndGeneralAmt |
| Fundraising | $313 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $120,276 | TotalAmt |
| Program Services | $87,249 | ProgramServicesAmt |
| Management And General | $32,292 | ManagementAndGeneralAmt |
| Fundraising | $735 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,761 | TotalAmt |
| Program Services | $21,984 | ProgramServicesAmt |
| Management And General | $3,070 | ManagementAndGeneralAmt |
| Fundraising | $707 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,360 | TotalAmt |
| Program Services | $20,456 | ProgramServicesAmt |
| Management And General | $7,078 | ManagementAndGeneralAmt |
| Fundraising | $826 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,500 | TotalAmt |
| Program Services | $630 | ProgramServicesAmt |
| Management And General | $1,870 | ManagementAndGeneralAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,636 | TotalAmt |
| Program Services | $14,287 | ProgramServicesAmt |
| Management And General | $1,096 | ManagementAndGeneralAmt |
| Fundraising | $253 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Other program/oper. expenses | $95,573 | $87,995 | $7,352 | $226 |
| Bad debt expense | $67,822 | $67,822 | ||
| Admissions | $22,816 | $22,307 | $509 | |
| Recruitment | $2,311 | $1,810 | $488 | $13 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,187,817 | TotalAmt |
| Program Services | $2,568,887 | ProgramServicesAmt |
| Management And General | $468,701 | ManagementAndGeneralAmt |
| Fundraising | $150,229 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,876,339 | BOYAmt |
| EOY | $2,791,416 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,450,000 | BOYAmt |
| EOY | $815,000 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,249 | BOYAmt |
| EOY | $34,416 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,860 | BOYAmt |
| EOY | $22,831 | EOYAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $437,027 | BOYAmt |
| EOY | $1,889,334 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $310,401 | BOYAmt |
| EOY | $310,883 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,144,876 | BOYAmt |
| EOY | $5,863,880 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,167 | BOYAmt |
| EOY | $190,280 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $872,720 | BOYAmt |
| EOY | $809,120 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $958,887 | BOYAmt |
| EOY | $999,400 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $724,459 | BOYAmt |
| EOY | $1,861,267 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,461,530 | BOYAmt |
| EOY | $3,003,213 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,185,989 | BOYAmt |
| EOY | $4,864,480 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,144,876 | BOYAmt |
| EOY | $5,863,880 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $1,678,491 | ReconcilationRevenueExpnssAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $963,872 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,130,617 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,870,608 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,802,087 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,192,509 | CurrentTaxYearAmt |
| Total | $11,959,693 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $963,872 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,130,617 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,870,608 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,802,087 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,192,509 | CurrentTaxYearAmt |
| Total | $11,959,693 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $4,822,091 | SubstantialContributorsTotAmt |
| Public Support Total170 | $7,137,602 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $11,575 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,504 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $782 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $9,187 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $70,579 | CurrentTaxYearAmt |
| Total | $97,627 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,000 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,701 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year | $1,026 | CurrentTaxYearAmt |
| Total | $11,727 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $12,069,047 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $1,610,727 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.59140 | PublicSupportCY170Pct |
| Public Support PY170 | 0.60310 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $1,889,334 | TotalBookValueSecuritiesAmt |
| Total Book Value Program Rltd | $310,883 | TotalBookValueProgramRltdAmt |
| Total Rev Etc Audited Fincl Stmt | $4,866,308 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $4,866,308 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $4,866,308 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $3,187,817 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $3,187,817 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $3,187,817 | TotalExpensesPerForm990Amt |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Solicitation Of Govt Grants | Yes (X) | SolicitationOfGovtGrantsInd |
| Agrmt Prof Fundraising Acty | Yes (true) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Strategists For Good LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2501 SW Trenton St 1061 | AddressLine1Txt |
| City | Seattle | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98106 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | Develop. consultant | ActivityTxt |
| Fundraiser Control Of Funds | false | FundraiserControlOfFundsInd |
| Gross Receipts | $4,532,269 | GrossReceiptsAmt |
| Retained By Contractor | $37,857 | RetainedByContractorAmt |
| Net To Organization | $4,494,412 | NetToOrganizationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | $4,532,269 | TotalGrossReceiptsAmt |
| Total Retained By Contractors | $37,857 | TotalRetainedByContractorsAmt |
| Total Net To Organization | $4,494,412 | TotalNetToOrganizationAmt |
| Licensed States | CA | LicensedStatesCd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Southern New Hampshire Uni | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2500 N River Road | AddressLine1Txt |
| City | Manchester | CityNm |
| State Abbreviation | NH | StateAbbreviationCd |
| ZIP | 03106 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 020274509 | RecipientEIN |
| Cash Grant | $114,277 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Purpose Of Grant | Tuition Support | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| Regrant | 1 | $110,000 |
| Scholarships | 11 | $14,347 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Grantmaker's Description of How Grants are Used | FormAndLineReferenceDesc |
| Explanation | Amounts, which are primarily awarded for scholarships, are not monitored since they are given on behalf of foundations. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Jeff Manassero | PersonNm |
| Title | Executive Dir. | TitleTxt |
| Base Compensation Filing Org | $187,168 | BaseCompensationFilingOrgAmt |
| Nontaxable Benefits Filing Org | $1,406 | NontaxableBenefitsFilingOrgAmt |
| Total Compensation Filing Org | $188,574 | TotalCompensationFilingOrgAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, Line 4 | In August 2023, the Board of Directors confirmed the following changes: General changes Update "Concourse Education" to "Rivet School" throughout 7.1 Number of Directors. Update "shall be at least three (3) and not more than seven (7)" to "shall be at least three (3) and not more than ten (10)" |
| Form 990, Part VI, Section B, Line 11b | Iris Jong, the Chief Operating Officer (functioning as Chief Financial Officer), reviews the draft Form 990 with the CEO and Board Finance Committee prior to final approval, with a comment/feedback period of 2 weeks. All Board members and the CEO are emailed a copy of the final Form 990 prior to filing. |
| Form 990, Part VI, Section B, Line 12c | All Members of the Board must sign a Conflict of Interest Policy & Form. Duty To Disclose: In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board-delegated powers considering the proposed transaction or arrangement. Determining Whether a Conflict of Interest Exists: After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he or she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. Procedures for Addressing the Conflict of Interest: An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he or she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. The chair of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the governing board or committee shall determine whether the organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement that does not produce a conflict of interest is not reasonably possible under circumstances, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, it shall make its decision as to whether to enter into the transaction or arrangement. Violations of the Conflicts-of-Interest Policy: If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action. |
| Form 990, Part VI, Section B, Line 15a | We run a market comparison analysis and recalculate career framework compensation levels every other year in Q3 starting 2021, following the release of the yearly Fair Pay for Northern California Nonprofits (FPNCAN) salary survey. Updated compensation levels go into effect for the following calendar year. For instance, compensation levels set in Q321 based on the 2021 FPNCAN survey would become effective in January 2022. Salaries are determined by placement on our Career Framework, as determined by a team member's Performance Evaluation, led by their Manager (in the ED's case, the Board). The Career Framework lays out different Levels and Steps for each functional role, corresponding to a level of responsibility and performance. For Executive Director, Jeff Manassero: On 2/24/23, the Rivet School Board of Directors unanimously approval an adjustment to Jeff's salary to $188,750, backpaid to 1/1/23. The salary amount of $188,750 was based on moving Jeff from Level 7, Step 1 ($153,750) to Level 9, Step 1 ($188,750) in our 2022 Career Framework, which is based on comparables from the Northern California Nonprofit Fair Pay Survey. Ted Williams, Board Chair, signed a compensation change letter on 3/3/23. On 5/16/23, Iris (COO) contacted Ted (Board Chair) to inform him that Iris & Jeff had updated the Executive Compensation Model that we use to determine C-Level compensations. These salaries were based on comparables from the 2022 Northern California Nonprofits Fair Pay Survey. Previously, the Board had approved a $188,750 salary for Jeff, which in the previous framework translated to Level 9, Step 1. Jeff and Iris proposed to place Jeff at Level 8, Step 2 ($185,349) in the updated framework. For the rest of 2023, the Board decided to treat the difference between $188,750 and $185,349 ($3,401) as a bonus. The plan was that in 2024, Jeff's salary would revert to $185,349, assuming his Level/Step remained the same after his annual evaluation. On 5/19/23, Ted Williams, Board Chair, signed a compensation change letter to confirm this. This process last occurred in 2023. |
| Form 990, Part VI, Section B, Line 15b | We run a market comparison analysis and recalculate career framework compensation levels every other year in Q3 starting 2021, following the release of the yearly Fair Pay for Northern California Nonprofits (FPNCAN) salary survey. Updated compensation levels go into effect for the following calendar year. For instance, compensation levels set in Q321 based on the 2021 FPNCAN survey would become effective in January 2022. Salaries are determined by placement on our Career Framework, as determined by a team member's Performance Evaluation, led by their Manager (in the ED's case, the Board). The Career Framework lays out different Levels and Steps for each functional role, corresponding to a level of responsibility and performance. For Chief Operating Officer, Iris Jong: On 5/1/23, Iris Jong and Jeff Manassero (Iris' Direct Manager) held a Performance Evaluation Alignment Meeting. During this meeting, Jeff communicated that Iris' Career Framework placement would be adjusted from COO, Level 7 Step 1 to COO, Level 7 Step 2, as a result of strong performance. The associated salary for this Level/Step was $149,350, so Iris' salary would be $119,480 (pro-rated for 32 hours/week). This salary was based on comparables from the 2022 Northern California Nonprofits Fair Pay Survey and modeled using Rivet School's Executive Compensation Model. This process last occurred in 2023. |
| Form 990, Part VI, Section C, Line 19 | Copies of documents shall be made available upon request. |
| Page 2, Part III, 4a - Program Accomplishments | (Cont'd from Page 2) Respondents expressed high levels of satisfaction, with scores like "I am happy at work" earning a 4.7 out of 5, "My manager creates a trusting and open environment" receiving an impressive 4.9 out of 5, and "I would recommend Rivet School as a great place to work" achieving a noteworthy 4.8 out of 5, with a 100% response rate. For the first time this year, we met our enrollment growth KPI - adding nearly 150 new students to the program, and bringing our composite student body to over 260. These new students were referred by both our growing list of partners (across K-12 school systems, community based organizations, and employers) and our marketing efforts. Our Partnerships Team alone produced over 375 of our total 1,100 leads in 2023, and supported nearly 125 partner-referred applicants to begin onboarding throughout the year. We set a new record for the number of onboarding enrollees, with 43 students beginning onboarding in July. We increased our yearly average onboarding retention rate from 41% to 60%; this change means an additional 35 students successfully completed onboarding and enrolled with Rivet School than otherwise would have. Our annual Student Experience Survey (SES) was conducted in September, capturing a broad, diverse group of voices with a robust 76% response rate. We measure student satisfaction by calculating a Net Promoter Score (NPS) based on student ratings of the statement "How likely are you to recommend Rivet School to a friend or a colleague?" Our 2023 NPS is 84, considered "world class and representative of the stellar college experience we craft for our students. As of 12/31/23, Rivet School had served 457 students, with a total composite of 261 enrolled students (including Onboarding, Active, and Paused). Of our enrolled students, 74% were first generation college students; 81% were Black or Latino, 81% were working full-time, and 44% were parents. The median (individual, annual) income of our students in 2023 was $36,000, and the median age was 31 years old. As of 12/31/23, we've conferred 61 AA degrees and 72 BA degrees. Among graduated students, our median time to a BA degree is 2.6 years. Our 1-year retention rate is 89%, our 2-year retention rate is 70%, and our 3-year retention rate is 69%. The lifetime persistence of our students is 68%. 83% of our graduates have secured a "strong job" (either a full-time job (32-40 hours/week) at an annual salary of $49,000 or higher, with employer-provided paid time off and/or health benefits OR enrolled in a graduate program or fellowship requiring a BA degree. We also count graduates who state a desire for part-time work, but still meet the thresholds for benefits and (prorated) salary. |