MERIT AMERICA: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- MERIT AMERICA (EIN 84-2108762)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-10-19
- IRS object ID
- 202312929349301511
- Schema version
- 2022v5.0
- 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 | 2023-10-19T14:25:15-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 910189318 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MOSS ADAMS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 21700 OXNARD ST STE 300 | AddressLine1Txt |
| City | WOODLAND HILLS | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91367 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 842108762 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MERIT AMERICA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MERI | BusinessNameControlTxt |
| Phone | 9143103148 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 712 H STREET NE SUITE 1560 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20002 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | REBECCA TABER | PersonNm |
| Person Title | CO-FOUNDER AND CO-CEO | PersonTitleTxt |
| Phone | 9143103148 | PhoneNum |
| Signature | 2023-10-18 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | REBECCA | PersonFirstNm |
| Person Last | TABER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LAUREN A HAVERLOCK | PreparerPersonNm |
| PTIN | P00545829 | PTIN |
| Phone | 8185771900 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | REBECCA TABER STAEHELIN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 712 H STREET NE SUITE 1560 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20002 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $28,420,779 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.MERITAMERICA.ORG/ | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2019 | FormationYr |
| Legal Domicile State | DC | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE A PATH TO SKILLED CAREERS FOR THE MILLIONS OF AMERICANS WITHOUT COLLEGE DEGREES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 8 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 173 | TotalEmployeeCnt |
| Total Volunteers | 7 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $9,566,655 | PYContributionsGrantsAmt |
| CY Contributions Grants | $19,666,880 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,879,809 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $8,753,249 | CYProgramServiceRevenueAmt |
| PY Investment Income | $3,528 | PYInvestmentIncomeAmt |
| CY Investment Income | $650 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $11,449,992 | PYTotalRevenueAmt |
| CY Total Revenue | $28,420,779 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $131,465 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $68,426 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $5,537,309 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $13,311,644 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $898,687 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,340,327 | PYOtherExpensesAmt |
| CY Other Expenses | $9,150,634 | CYOtherExpensesAmt |
| PY Total Expenses | $9,009,101 | PYTotalExpensesAmt |
| CY Total Expenses | $22,530,704 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,440,891 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $5,890,075 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $16,787,375 | TotalAssetsBOYAmt |
| Total Assets EOY | $23,949,600 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $8,930,041 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $10,202,191 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $7,857,334 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $13,747,409 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO PROVIDE A PATH TO SKILLED CAREERS FOR THE MILLIONS OF AMERICANS WITHOUT COLLEGE DEGREES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $20,270,193 | ExpenseAmt |
| Grant | $68,426 | GrantAmt |
| Revenue | $8,753,249 | RevenueAmt |
| Desc | MERIT AMERICA IS A NATIONAL CAREER DEVELOPMENT NONPROFIT DEDICATED TO CREATING PATHWAYS TO FAMILY-SUSTAINING CAREERS FOR AMERICANS WHO ARE STUCK IN LOW-WAGE WORK. THROUGH FAST AND FLEXIBLE SOLUTIONS, MERIT AMERICA EMPOWERS WORKING ADULTS BY PROVIDING THEM WITH THE SKILLS AND SUPPORT NECESSARY TO PURSUE IN-DEMAND, HIGH-PAYING CAREERS. THE ORGANIZATION COLLABORATES WITH INDUSTRY PARTNERS AND EMPLOYERS TO ENSURE SUCCESSFUL PLACEMENTS INTO UPWARDLY MOBILE CAREERS. BY THE END OF THE YEAR 2025, MERIT AMERICA SEEKS TO DRIVE $1 BILLION IN PROJECTED CUMULATIVE WAGE GAINS, CONNECTING TALENTED LEARNERS TO IN-DEMAND CAREER PATHS AT SCALE.IN 2022, MERIT AMERICA MADE TREMENDOUS PROGRESS TOWARD ITS ORGANIZATIONAL GOALS. THROUGH COMPREHENSIVE MEASUREMENT AND EVALUATION PRACTICES, MERIT AMERICA COLLECTS DATA ON VARIOUS METRICS TO GAUGE THE SUCCESS OF ITS PROGRAM. THIS INCLUDES TRACKING LEARNERS SERVED, COMPLETION RATES, CAREER PLACEMENTS, AVERAGE WAGE GAINS, AND OTHER RELEVANT METRICS TO VERIFY THE PROGRAM'S ONGOING SUCCESS. THE FOLLOWING IS AN OVERVIEW OF MERIT AMERICA'S 2022 PROGRAM ACCOMPLISHMENTS, SHOWCASING ITS GROWTH, IMPACT, AND COMMITMENT TO ITS MISSION.MERIT AMERICA HAS EXPERIENCED SUBSTANTIAL GROWTH IN THE NUMBER OF LEARNERS SERVED. IN 2022, THE ORGANIZATION AIMED TO LAUNCH COHORTS WITH 2,500 LEARNERS, DOUBLING THE PREVIOUS YEAR'S REACH. HOWEVER, THIS GOAL WAS SURPASSED WITH A TOTAL OF 3,600 LEARNERS SERVED IN 2022, REPRESENTING THREEFOLD ANNUAL GROWTH AND REACHING 146% OF THE TARGET.A THIRD-PARTY ANALYSIS CONDUCTED IN 2022 BY DR. BEN CASTLEMAN AT THE UNIVERSITY OF VIRGINIA (UVA) FOUND THAT MERIT AMERICA ALUMNI EXPERIENCED AN AVERAGE ANNUAL WAGE GAIN OF $18.7K THREE OR MORE MONTHS AFTER COMPLETING THE PROGRAM. IN ADDITION, MORE THAN 80% OF ALUMS REPORTED POSITIVE WAGE GAINS AT LEAST THREE MONTHS AFTER COMPLETION, FROM AN AVERAGE PRE-PROGRAM SALARY OF $24K TO AN AVERAGE POST-PROGRAM SALARY OF $50K PER YEAR, A $26K AVERAGE WAGE GAIN. THESE FINDINGS VALIDATE THE EFFECTIVENESS OF MERIT AMERICA'S APPROACH IN PROVIDING SUSTAINABLE ECONOMIC MOBILITY.USING THE METHODOLOGY DEVELOPED BY UVA & BRIDGESPAN, MERIT AMERICA ESTIMATES APPROXIMATELY $340 MILLION IN PROJECTED CUMULATIVE WAGE GAINS FOR LEARNERS SERVED THROUGH 2022. THIS ACHIEVEMENT SURPASSES EXPECTATIONS, POSITIONING THE ORGANIZATION AHEAD OF SCHEDULE TOWARD ITS GOAL OF DRIVING $1 BILLION IN PROJECTED CUMULATIVE WAGE GAINS BY THE END OF 2025.FINANCIALLY, MERIT AMERICA SECURED $17.85 MILLION IN PHILANTHROPIC FUNDING IN 2022, $2.85M MORE THAN 2020 & 2021 COMBINED. NOTABLY, THE ORGANIZATION ALSO BECAME THE INAUGURAL PARTNER OF THE GOOGLE CAREER CERTIFICATES FUND, A $100 MILLION INITIATIVE LAUNCHED IN COLLABORATION WITH GOOGLE CEO SUNDAR PICHAI. THIS PARTNERSHIP STRENGTHENS MERIT AMERICA'S SUSTAINABILITY, ENABLES THE PROGRAM TO SCALE TO SERVE MANY MORE LEARNERS, AND AFFIRMS THE RECOGNITION OF ITS IMPACTFUL WORK.ORGANIZATIONAL GROWTH HAS ALSO BEEN A SIGNIFICANT HIGHLIGHT FOR MERIT AMERICA IN 2022. WITH THE EXPANSION OF THE TEAM FROM 75 TO NEARLY 200 EMPLOYEES, THE ORGANIZATION IS WELL-EQUIPPED TO CONTINUE SCALING OPERATIONS. IN ALIGNMENT WITH ITS MISSION, MERIT AMERICA PRIORITIZES DIVERSITY AND INCLUSIVITY WITHIN THE WORKFORCE, WITH 80% OF THE STAFF AND 70% OF THE EXECUTIVE TEAM IDENTIFYING AS BIPOC, LGBTQ, OR FIRST-GENERATION COLLEGE ATTENDEES BY THE CLOSE OF 2022. THIS DEDICATION HAS BEEN RECOGNIZED THROUGH ITS 2022 CERTIFICATION AS A "GREAT PLACE TO WORK," WITH 97% OF EMPLOYEES INDICATING HIGH LEVELS OF SATISFACTION.MERIT AMERICA'S 2022 PROGRAM ACCOMPLISHMENTS REFLECT THE ORGANIZATION'S COMMITMENT TO CREATING SCALABLE PATHWAYS FOR WORKERS STUCK IN LOW-WAGE JOBS TO ACCESS FAMILY-SUSTAINING CAREERS. THE ORGANIZATION'S SIGNIFICANT ACHIEVEMENTS IN SERVING A GROWING NUMBER OF LEARNERS, GENERATING SUBSTANTIAL WAGE GAINS, SECURING PHILANTHROPIC SUPPORT, AND FOSTERING DIVERSITY AND INCLUSIVITY WITHIN THE ORGANIZATION ARE INDICATIVE OF ITS IMPACTFUL WORK. AS MERIT AMERICA CONTINUES TO WORK TOWARDS ITS MISSION, THE ORGANIZATION IS WELL-POSITIONED TO SURPASS ITS GOAL OF DRIVING $1 BILLION IN CUMULATIVE WAGE GAINS TO MAKE A LASTING IMPACT ON ECONOMIC MOBILITY FOR WORKING ADULTS ACROSS THE UNITED STATES. | Desc |
| Total Program Service Expenses | $20,270,193 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 111 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 173 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 8 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 6 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | AL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | FL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NV | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | VA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WI | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ALYSIA ABRAMS | PersonNm |
| Phone | 6154297467 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 712 H STREET NE SUITE 1560 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20002 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| REBECCA TABER STAEHELIN | ||||||||
| CO-FOUNDER AND CO-CEO | 40.00 | Yes (X) | Yes (X) | $320,476 | $0 | $63,831 | ||
| CONNOR DIEMAND-YAUMAN | ||||||||
| CO-FOUNDER AND CO-CEO | 40.00 | Yes (X) | Yes (X) | $330,887 | $0 | $43,140 | ||
| NORMAN ATKINS | ||||||||
| DIRECTOR/BOARD CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| STEPHANIE CORNELL | ||||||||
| DIRECTOR/SECRETARY/TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| YIN LU | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JANICE BURNS | ||||||||
| DIRECTOR (THRU 4/8/22) | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| NAOMI BAGDONAS | ||||||||
| DIRECTOR (AS OF 4/8/22) | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| AHMMAD BROWN | ||||||||
| DIRECTOR (AS OF 4/8/22) | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| BYRON AUGUSTE | ||||||||
| DIRECTOR (AS OF 4/8/22) | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| LEILA MAKARECHI | ||||||||
| CHIEF BUSINESS OFFICER | 40.00 | $236,814 | $0 | $78,536 | Yes (X) | |||
| RYAN OUELLETTE | ||||||||
| VICE PRESIDENT PROGRAM OPERATIONS | 40.00 | $169,599 | $0 | $18,261 | Yes (X) | |||
| JENNIFER MAZZON | ||||||||
| CHIEF PRODUCT OFFICER | 40.00 | $219,842 | $0 | $44,457 | Yes (X) | |||
| ANNE KEENAN | ||||||||
| CHIEF MARKETING OFFICER | 40.00 | $187,641 | $0 | $75,714 | Yes (X) | |||
| AMARPAL SHAHPURI | ||||||||
| DEVELOPMENT DIRECTOR | 40.00 | $197,733 | $0 | $26,570 | Yes (X) | |||
| CRYSTAL BARCELO | ||||||||
| CHIEF PEOPLE OFFICER | 40.00 | $206,690 | $0 | $4,958 | Yes (X) | |||
| JUMOKE BALOGUN | ||||||||
| CHIEF EXPERIENCE OFFICER | 40.00 | $184,930 | $0 | $13,952 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,054,612 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $369,419 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 9 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| BUSINESS RULE SOLUTIONS LLC | |||||
| 2429 BISSONNET SUITE 488 | HOUSTON | TX | 77005 | DATA CLEANING & ANALYTICS SERVICES | $350,904 |
| 3Q DIGITAL INC | |||||
| 25 E WASHINGTON STREET | CHICAGO | IL | 60602 | TECHNOLOGY & CREATIVE MANAGEMENT FEES, S | $334,509 |
| RIGHT SIDE UP | |||||
| 9901 BRODIE LANE SUITE 160 PMB515 | AUSTIN | TX | 78748 | DIGITAL MARKETING SERVICES | $190,625 |
| RUSSELL REYNOLDS ASSOCIATES | |||||
| 277 PARK AVENUE SUITE 3800 | NEW YORK | NY | 10172 | RECRUITING SERVICES | $189,300 |
| EDUFFICIENT LLC | |||||
| 6 FOREST AVENUE 2ND FLOOR | PARAMUS | NJ | 07652 | CALL, QUALITY & TRANSFER SERVICES | $173,525 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 8 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $19,666,880 | AllOtherContributionsAmt |
| Noncash Contributions | $3,000,000 | NoncashContributionsAmt |
| Total Contributions | $19,666,880 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TUITION REPAYMENT/PLACEMENT FEES | Desc |
| Business | 561499 | BusinessCd |
| Total Revenue Column | $8,753,249 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $8,753,249 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $8,753,249 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $650 | TotalRevenueColumnAmt |
| Exclusion | $650 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $28,420,779 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $8,753,249 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $650 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,426 | TotalAmt |
| Program Services | $68,426 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,261,543 | TotalAmt |
| Program Services | $976,228 | ProgramServicesAmt |
| Management And General | $36,640 | ManagementAndGeneralAmt |
| Fundraising | $248,675 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,631,563 | TotalAmt |
| Program Services | $8,755,342 | ProgramServicesAmt |
| Management And General | $405,141 | ManagementAndGeneralAmt |
| Fundraising | $471,080 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $167,465 | TotalAmt |
| Program Services | $161,495 | ProgramServicesAmt |
| Management And General | $5,153 | ManagementAndGeneralAmt |
| Fundraising | $817 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,376,981 | TotalAmt |
| Program Services | $1,262,127 | ProgramServicesAmt |
| Management And General | $58,082 | ManagementAndGeneralAmt |
| Fundraising | $56,772 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $874,092 | TotalAmt |
| Program Services | $783,970 | ProgramServicesAmt |
| Management And General | $35,491 | ManagementAndGeneralAmt |
| Fundraising | $54,631 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $232,828 | TotalAmt |
| Management And General | $232,828 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,513 | TotalAmt |
| Program Services | $43,511 | ProgramServicesAmt |
| Management And General | $1,970 | ManagementAndGeneralAmt |
| Fundraising | $3,032 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,933,702 | TotalAmt |
| Program Services | $2,558,097 | ProgramServicesAmt |
| Management And General | $345,917 | ManagementAndGeneralAmt |
| Fundraising | $29,688 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,086,430 | TotalAmt |
| Program Services | $4,086,430 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $102,703 | TotalAmt |
| Program Services | $79,679 | ProgramServicesAmt |
| Management And General | $18,330 | ManagementAndGeneralAmt |
| Fundraising | $4,694 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $429,000 | TotalAmt |
| Program Services | $429,000 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,960 | TotalAmt |
| Program Services | $2,655 | ProgramServicesAmt |
| Management And General | $120 | ManagementAndGeneralAmt |
| Fundraising | $185 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $243,624 | TotalAmt |
| Program Services | $102,576 | ProgramServicesAmt |
| Management And General | $133,900 | ManagementAndGeneralAmt |
| Fundraising | $7,148 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,000 | TotalAmt |
| Management And General | $15,000 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,379 | TotalAmt |
| Management And General | $34,379 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,597 | TotalAmt |
| Management And General | $24,597 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| CURRICULUM | $645,457 | $645,457 | ||
| PAYROLL PROCESSING FEES | $313,138 | $280,852 | $12,715 | $19,571 |
| STAFF DEVELOPMENT | $38,303 | $34,348 | $1,561 | $2,394 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,530,704 | TotalAmt |
| Program Services | $20,270,193 | ProgramServicesAmt |
| Management And General | $1,361,824 | ManagementAndGeneralAmt |
| Fundraising | $898,687 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,377,397 | BOYAmt |
| EOY | $20,875,451 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,450,000 | BOYAmt |
| EOY | $600,000 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $170,320 | BOYAmt |
| EOY | $441,524 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $456,422 | BOYAmt |
| EOY | $1,378,031 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $196,779 | BOYAmt |
| EOY | $574,461 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $122,554 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $42,421 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,457 | BOYAmt |
| EOY | $80,133 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,000 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,787,375 | BOYAmt |
| EOY | $23,949,600 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $454,048 | BOYAmt |
| EOY | $1,412,873 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $560,416 | BOYAmt |
| EOY | $2,129,060 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,500,000 | BOYAmt |
| EOY | $6,500,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,415,577 | BOYAmt |
| EOY | $160,258 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,930,041 | BOYAmt |
| EOY | $10,202,191 | 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 | $3,368,922 | BOYAmt |
| EOY | $10,270,459 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,488,412 | BOYAmt |
| EOY | $3,476,950 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,857,334 | BOYAmt |
| EOY | $13,747,409 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,787,375 | BOYAmt |
| EOY | $23,949,600 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $5,890,075 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | 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 (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | 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 Minus3 Years | $2,706,328 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,498,057 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $9,566,655 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $19,666,880 | CurrentTaxYearAmt |
| Total | $37,437,920 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $2,706,328 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,498,057 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $9,566,655 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $19,666,880 | CurrentTaxYearAmt |
| Total | $37,437,920 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $11,529,207 | SubstantialContributorsTotAmt |
| Public Support Total170 | $25,908,713 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $1,499 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,528 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $650 | CurrentTaxYearAmt |
| Total | $5,677 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $37,443,597 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $11,318,470 | GrossReceiptsRltdActivitiesAmt |
| First5 Years170 | Yes (X) | First5Years170Ind |
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
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $122,554 | OtherCostOrOtherBasisAmt |
| Depreciation | $42,421 | DepreciationAmt |
| Book Value | $80,133 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $80,133 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| BREX | $114,258 |
| 457B CONTRIBUTION PAYABLE | $41,000 |
| INTEREST PAYABLE | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $160,258 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $28,420,779 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $28,420,779 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $28,420,779 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $22,530,704 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $22,530,704 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $22,530,704 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION IS A NONPROFIT DISTRICT OF COLUMBIA ("D.C.") CORPORATION AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND UNDER D.C. CODE TITLE 29, CHAPTER 4, EXCEPT TO THE EXTENT OF UNRELATED BUSINESS TAXABLE INCOME AS DEFINED UNDER IRC SECTIONS 511 THROUGH 515. FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021, NO PROVISION FOR UNRELATED BUSINESS INCOME TAXES IS REQUIRED. THE ORGANIZATION HAS NO UNRECOGNIZED TAX BENEFITS OR LIABILITIES AS OF DECEMBER 31, 2022 AND 2021. THE ORGANIZATION, UNDER THE PROVISIONS OF FASB ASC TOPIC 740, INCOME TAXES, HAD NO UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL AS OF DECEMBER 31, 2022 AND 2021. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | LEARNER SUPPORT | GrantTypeTxt |
| Recipient | 103 | RecipientCnt |
| Cash Grant | $58,900 | CashGrantAmt |
| Non Cash Assistance | $9,526 | NonCashAssistanceAmt |
| Valuation Method Used | FMV | ValuationMethodUsedDesc |
| Non Cash Assistance | GIFT CARDS | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE CHIEF BUSINESS OFFICER WORKS WITH THE CO-CEOS TO SELECT FUNDERS WITH INTEREST AND PASSION ABOUT MERIT AMERICA'S MISSION. THE GRANT APPLICATION INCLUDES A DETAILED BUDGET OF HOW THE FUNDS WILL BE SPENT. THE GRANT IS TRACKED ON A GRANT SCHEDULE SPREADSHEET AND MONITORED REGULARLY. ONCE THE GRANT FUNDS HAVE EITHER BEEN AWARDED OR RECEIVED, THE FINANCE TEAM BEGINS TRACKING THE REVENUE AND EXPENSES IN THE GENERAL LEDGER. THE FINANCE TEAM ALLOCATES COSTS TO THE GRANT IN ACCORDANCE WITH GRANT SPECIFICATIONS AND TERMS. THE GRANTS TEAM PAYS CLOSE ATTENTION TO REPORTING DATES AND WORKS WITH THE FINANCE TEAM TO SUBMIT ACCURATE AND TIMELY REPORTING OF GRANT SPENDING TO THE FUNDER. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| REBECCA TABER STAEHELIN | ||||||||||||||
| CO-FOUNDER AND CO-CEO | $320,476 | $0 | $0 | $0 | $0 | $0 | $29,650 | $0 | $34,181 | $0 | $384,307 | $0 | $0 | $0 |
| CONNOR DIEMAND-YAUMAN | ||||||||||||||
| CO-FOUNDER AND CO-CEO | $330,887 | $0 | $0 | $0 | $0 | $0 | $29,650 | $0 | $13,490 | $0 | $374,027 | $0 | $0 | $0 |
| LEILA MAKARECHI | ||||||||||||||
| CHIEF BUSINESS OFFICER | $236,814 | $0 | $0 | $0 | $0 | $0 | $47,908 | $0 | $30,628 | $0 | $315,350 | $0 | $0 | $0 |
| JENNIFER MAZZON | ||||||||||||||
| CHIEF PRODUCT OFFICER | $189,842 | $0 | $30,000 | $0 | $0 | $0 | $3,641 | $0 | $40,816 | $0 | $264,299 | $0 | $0 | $0 |
| ANNE KEENAN | ||||||||||||||
| CHIEF MARKETING OFFICER | $187,641 | $0 | $0 | $0 | $0 | $0 | $42,976 | $0 | $32,738 | $0 | $263,355 | $0 | $0 | $0 |
| AMARPAL SHAHPURI | ||||||||||||||
| DEVELOPMENT DIRECTOR | $147,733 | $0 | $50,000 | $0 | $0 | $0 | $5,135 | $0 | $21,435 | $0 | $224,303 | $0 | $0 | $0 |
| CRYSTAL BARCELO | ||||||||||||||
| CHIEF PEOPLE OFFICER | $206,690 | $0 | $0 | $0 | $0 | $0 | $4,308 | $0 | $650 | $0 | $211,648 | $0 | $0 | $0 |
| JUMOKE BALOGUN | ||||||||||||||
| CHIEF EXPERIENCE OFFICER | $106,154 | $0 | $0 | $0 | $78,776 | $0 | $3,185 | $0 | $10,767 | $0 | $198,882 | $0 | $0 | $0 |
| RYAN OUELLETTE | ||||||||||||||
| VICE PRESIDENT PROGRAM OPERATIONS | $169,599 | $0 | $0 | $0 | $0 | $0 | $5,057 | $0 | $13,204 | $0 | $187,860 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 4A | FormAndLineReferenceDesc |
| Explanation | ONE INDIVIDUAL REPORTED ON PART VII RECEIVED A SEVERANCE PAYMENT IN 2022. DETAILS ARE AVAILABLE UPON REQUEST. | ExplanationTxt |
Schedule M IRS990ScheduleM
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | ONLINE ADVERTISEMENT CREDITS | Desc |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $3,000,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | THE NUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF DONORS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE CONTROLLER REVIEWS THE 990 AND COMPARES TO THE GENERAL LEDGER OF THE ORGANIZATION TO ENSURE DATA INTEGRITY. THE 990 IS RECONCILED TO THE GENERAL LEDGER AND FINANCIAL STATEMENTS, INCLUDING THE TRIAL BALANCE, THE STATEMENT OF FINANCIAL POSITION, AND THE STATEMENT OF FINANCIAL ACTIVITIES. ADDITIONALLY, THE 990 IS RECONCILED TO THE AUDITED FINANCIAL STATEMENTS TO ENSURE DATA INTEGRITY AND CONSISTENCY. ALL QUESTIONS ON THE 990 ARE REVIEWED TO ENSURE THAT THE APPROPRIATE ANSWERS HAVE BEEN PROVIDED. IF EDITS ARE NEEDED ON THE 990, THE CONTROLLER REQUESTS FROM THE AUDIT TAX TEAM. ONCE THE 990 IS COMPLETE WITH NO ERRORS, THE CONTROLLER SHARES WITH THE FINANCE COMMITTEE. ONCE APPROVED BY THE FINANCE COMMITTEE, THE 990 IS RECOMMENDED TO THE BOARD OF DIRECTORS. THE 990 MUST BE UNANIMOUSLY APPROVED BY THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE (IRS). ONCE APPROVED BY THE BOARD OF DIRECTORS, THE CONTROLLER NOTIFIES THE AUDIT TAX TEAM THAT THE 990 IS READY TO BE FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | MERIT AMERICA INCLUDES A CONFLICT OF INTEREST POLICY AND A CONFIDENTIALITY POLICY IN THE EMPLOYEE HANDBOOK, WHICH IS GIVEN TO ALL NEW EMPLOYEES TO READ. EMPLOYEES ARE REQUIRED TO COMPLETE THIS TASK, WHICH IS MANAGED BY A WORKBOARD SOFTWARE THAT TRACKS THE TIME AND DATE COMPLETED. THE ORGANIZATION ALSO SENDS CONFLICT OF INTEREST AND CONFIDENTIALITY POLICIES TO THE BOARD OF DIRECTORS ANNUALLY TO READ AND SIGN. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE ORGANIZATION USES MULTIPLE THIRD-PARTY SALARY SURVEYS AS WELL AS CONSULTANTS TO RESEARCH SALARY RANGES IN THE NONPROFIT INDUSTRY FOR COMPARABLE ORGANIZATIONS AND COMPARABLE JOB RESPONSIBILITIES. THE CO-CEOS MEET WITH THE BOARD OF DIRECTORS TO DISCUSS AND APPROVE ALL EXECUTIVE COMPENSATION, WHICH IS SET USING THE SAME METHODOLOGY AS THE REST OF THE STAFF. THE CO-CEOS RECUSE THEMSELVES FROM THE MEETING PRIOR TO THEIR SALARIES BEING DISCUSSED AND APPROVED. ALL APPROVED COMPENSATION AMOUNTS ARE INCLUDED IN THE ANNUAL BUDGET WHICH IS APPROVED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | PROFESSIONAL SERVICES - PROGRAM & ADMISSIONS SUPPORT: PROGRAM SERVICE EXPENSES 717,532. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 717,532. PROFESSIONAL SERVICES - PRODUCT DESIGN & SUPPORT: PROGRAM SERVICE EXPENSES 411,112. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 411,112. PROFESSIONAL SERVICES - EXECUTIVE TEAM SUPPORT: PROGRAM SERVICE EXPENSES 202,600. MANAGEMENT AND GENERAL EXPENSES 246,516. FUNDRAISING EXPENSES 7,995. TOTAL EXPENSES 457,111. PROFESSIONAL SERVICES - PEOPLE OPERATIONS SUPPORT: PROGRAM SERVICE EXPENSES 311,296. MANAGEMENT AND GENERAL EXPENSES 14,093. FUNDRAISING EXPENSES 21,693. TOTAL EXPENSES 347,082. PROFESSIONAL SERVICES - BRANDING & MARKETING / LEARNER ACQUISITION: PROGRAM SERVICE EXPENSES 863,057. MANAGEMENT AND GENERAL EXPENSES 85,308. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 948,365. PROFESSIONAL SERVICES - PARTNERSHIP CONTRACTORS: PROGRAM SERVICE EXPENSES 52,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 52,500. |
| FORM 990, PART XII, LINE 2C: | MERIT AMERICA'S FINANCE COMMITTEE IS ALSO THE AUDIT COMMITTEE AND ASSUMES RESPONSIBILITY OF THE AUDIT AND PERIODIC REVIEW OF FINANCIAL STATEMENTS. THIS COMMITTEE WAS INVOLVED IN THE DECISION TO HIRE AN OUTSIDE AUDIT FIRM AND AN INDEPENDENT ACCOUNTANT IN 2020. A CONTROLLER FOR THE ORGANIZATION WAS HIRED IN MARCH 2021. THIS POSITION IS RESPONSIBLE FOR ALL FINANCIAL STATEMENTS FOR THE ORGANIZATION AND IS RESPONSIBLE FOR WORKING WITH THE AUDITORS THROUGHOUT THE YEAR IN PREPARATION OF AND FOR THE COMPLETION OF THE FINANCIAL AUDIT AND FORM 990. |