Get Schooled Foundation
- Assets
- $2.5m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 14
- Location
- New York, NY
- Founding
- 11/2010
- Data as of
- 12/2022
- EIN
- 27-2245578
Organization Overview
Get Schooled Foundation is located in New York, NY. The organization was established in 2010. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, Get Schooled Foundation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Get Schooled Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Get Schooled Foundation generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
GET SCHOOLED HELPS YOUNG PEOPLE TO GET TO COLLEGE, FIND FIRST JOBS, AND SUCCEED IN BOTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyla Lackie Deputy Director | Officer | 40 | $170,254 |
Christopher Brown Dir Of Marketing & Communi | 40 | $123,851 | |
David Nguyen Director - Product & Data | 40 | $118,569 | |
Sean Morrin Senior Product Manager - First Jobs Access | 40 | $102,736 | |
John Branam Executive Director | Officer | 40 | $100,000 |
David Sutphen Chair & Director | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hyfn (Nexstar) Technology Consultant | 12/30/18 | $368,696 |
Writ Large Llc Marketing Consultants | 12/30/18 | $102,716 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $369 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $121,413 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,909,718 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,031,500 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,031,500 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $283,113 |
| Compensation of current officers, directors, key employees. | $43,312 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,011,436 |
| Pension plan accruals and contributions | $39,971 |
| Other employee benefits | $75,784 |
| Payroll taxes | $103,195 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $155,176 |
| Advertising and promotion | $60,301 |
| Office expenses | $89,304 |
| Information technology | $244,267 |
| Royalties | $0 |
| Occupancy | $2,011 |
| Travel | $15,561 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $53,573 |
| Total functional expenses | $2,176,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,406,516 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $38,550 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,599 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,465,665 |
| Accounts payable and accrued expenses | $82,369 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $82,369 |
| Net assets without donor restrictions | $1,282,566 |
| Net assets with donor restrictions | $1,100,730 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,465,665 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Get Schooled Foundation has recieved totaling $626,956.
| Awarding Organization | Amount |
|---|---|
Ecmc Foundation Minneapolis, MN PURPOSE: College Success | $490,000 |
Oregon Community Foundation Portland, OR PURPOSE: OST and Mentoring | $100,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $36,956 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
Collier Services Wickatunk, NJ | $8,471,748 | $15,685,679 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |
Workforce Outsource Services Inc Uniondale, NY | $10,340,814 | $13,464,902 |
North Star Academy Foundation Inc New York, NY | $177,913,521 | $11,304,915 |
Hyde Leadership Charter School-Brooklyn Brooklyn, NY | $3,932,564 | $12,878,236 |
Teach Plus Incorporated Boston, MA | $12,001,505 | $12,042,496 |
Onward Israel Internships And Opportunities Ltd New York, NY | $897,895 | $11,379,184 |
Goodwin College Educational Services Inc East Hartford, CT | $19,577 | $10,789,035 |
Education Resource Strategies Inc Watertown, MA | $16,861,900 | $10,099,352 |
Entrepreneurial Ventures In Education Quincy, MA | $4,865,485 | $11,072,937 |