Matriculate Inc
- Assets
- $20.3m
- Revenue
- $17.0m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/2016
- Data as of
- 06/2022
- EIN
- 35-2531989
Organization Overview
Matriculate Inc is located in New York, NY. The organization was established in 2016. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Matriculate Inc 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 06/2022, Matriculate Inc generated $17.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 67.5% each year . All expenses for the organization totaled $3.4m during the year ending 06/2022. While expenses have increased by 32.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
MATRICULATE'S MISSION IS TO EMPOWER HIGH-ACHIEVING, LOW-INCOME HIGH SCHOOL STUDENTS TO MAKE THE LEAP TO THE BEST COLLEGES AND UNIVERSITIES. OUR VISION IS THAT ONE DAY ALL THE BEST STUDENTS IN AMERICA WILL HAVE ACCESS TO THE BEST COLLEGES, REGARDLESS OF THEIR SOCIO-ECONOMIC STATUS OR BACKGROUND, WHICH WILL GIVE THEM A UNIQUE OPPORTUNITY TO CHANGE THE TRAJECTORY OF THEIR OWN LIVES AND THE LIVES OF THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MATRICULATE TRAINS TALENTED COLLEGE STUDENTS AT TOP INSTITUTIONS TO CONNECT REMOTELY WITH HIGH-ACHIEVING, LOW-INCOME HIGH SCHOOL STUDENTS, PROVIDING THE INFORMATION, GUIDANCE, AND SUPPORT THAT THESE HIGH SCHOOL STUDENTS NEED TO NAVIGATE THE COLLEGE APPLICATION PROCESS.WE CURRENTLY HAVE OVER 1,500 ADVISING FELLOWS AND MORE THAN 3,000 SENIORS IN THE CLASS OF 2022. OUR STAFF OVERSEES THIS WORK AND ENSURES OUR STUDENTS ARE ON TRACK TO MATRICULATE TO HIGH-GRADUATION RATE INSTITUTIONS. OUR GOAL IS FOR THE VAST MAJORITY OF STUDENTS WE SERVE TO GO ON TO ATTEND HIGH GRADUATION RATE INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Madeline Kerner Chief Executive Officer | OfficerTrustee | 40 | $126,690 |
Greg Spivy Chair | OfficerTrustee | 1 | $0 |
Zach Silverstein Treasurer | OfficerTrustee | 1 | $0 |
Derek Schrier Secretary | OfficerTrustee | 1 | $0 |
Sean Cullinan Director | Trustee | 1 | $0 |
Reed Colley Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,877,513 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,877,513 |
| Total Program Service Revenue | $119,150 |
| Investment income | $1,237 |
| 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 | $16,997,900 |
| 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. | $148,008 |
| Compensation of current officers, directors, key employees. | $59,203 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,729,425 |
| Pension plan accruals and contributions | $21,353 |
| Other employee benefits | $196,556 |
| Payroll taxes | $167,541 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $76,092 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $359,261 |
| Advertising and promotion | $0 |
| Office expenses | $81,403 |
| Information technology | $140,853 |
| Royalties | $0 |
| Occupancy | $27,675 |
| Travel | $17,162 |
| 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 | $13,147 |
| All other expenses | $375,631 |
| Total functional expenses | $3,354,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $676,503 |
| Savings and temporary cash investments | $7,551,909 |
| Pledges and grants receivable | $11,986,766 |
| 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 | $85,477 |
| 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 | $20,300,655 |
| Accounts payable and accrued expenses | $135,923 |
| 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 | $135,923 |
| Net assets without donor restrictions | $4,739,448 |
| Net assets with donor restrictions | $15,425,284 |
| 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 | $20,300,655 |