Project Lead The Way Inc
- Assets
- $102.7m
- Revenue
- $61.0m
- Investments
- $0.0
- Employees
- 297
- Location
- Indianapolis, IN
- Founding
- 08/2017
- Data as of
- 06/2023
- EIN
- 36-4802935
Organization Overview
Project Lead The Way Inc, operating under the name Pltw, is located in Indianapolis, IN. The organization was established in 2017. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2023, Pltw employed 297 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pltw 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 06/2023, Pltw generated $61.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $60.1m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Pltw has awarded 1,187 individual grants totaling $36,109,409. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROJECT LEAD THE WAY (PLTW) EMPOWERS STUDENTS TO THRIVE IN AN EVOLVING WORLD.
Describe the Organization's Program Activity:
PLTW PROVIDES A TRANSFORMATIVE LEARNING EXPERIENCE FOR PREK-12 STUDENTS AND TEACHERS ACROSS THE U.S. THROUGH OUR PATHWAYS IN COMPUTER SCIENCE, ENGINEERING, AND BIOMEDICAL SCIENCE. PLTW EMPOWERS STUDENTS TO DEVELOP IN-DEMAND KNOWLEDGE AND SKILLS NECESSARY TO THRIVE IN AN EVOLVING WORLD, AND PROVIDES TEACHERS WITH THE SUPPORT AND RESOURCES THEY NEED TO DEVOTE MORE TIME TO INSPIRING STUDENTS. PLTW STUDENTS AND TEACHERS FIND ADDITIONAL SUPPORT FROM OUR LARGER NETWORK OF PREK-12 SCHOOLS, ADMINISTRATORS COLLEGES AND UNIVERSITIES, AND CORPORATE AND PHILANTHROPIC PARTNER ACROSS THE COUNTRY UNITED AROUND A PASSION FOR PROVIDING STUDENTS WITH INSPIRING, ENGAGING, AND EMPOWERING LEARNING OPPORTUNITIES.
PLTW PROVIDES A TRANSFORMATIVE LEARNING EXPERIENCE FOR PREK-12 STUDENTS AND TEACHERS ACROSS THE U.S. THROUGH OUR PATHWAYS IN COMPUTER SCIENCE, ENGINEERING, AND BIOMEDICAL SCIENCE. PLTW EMPOWERS STUDENTS TO DEVELOP IN-DEMAND KNOWLEDGE AND SKILLS NECESSARY TO THRIVE IN AN EVOLVING WORLD, AND PROVIDES TEACHERS WITH THE SUPPORT AND RESOURCES THEY NEED TO DEVOTE MORE TIME TO INSPIRING STUDENTS. PLTW STUDENTS AND TEACHERS FIND ADDITIONAL SUPPORT FROM OUR LARGER NETWORK OF PREK-12 SCHOOLS, ADMINISTRATORS COLLEGES AND UNIVERSITIES, AND CORPORATE AND PHILANTHROPIC PARTNER ACROSS THE COUNTRY UNITED AROUND A PASSION FOR PROVIDING STUDENTS WITH INSPIRING, ENGAGING, AND EMPOWERING LEARNING OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Dimmett Ed D President & CEO | OfficerTrustee | 50 | $499,443 |
Maksim Altmark End 523 Chief Financial Officer | Officer | 50 | $378,225 |
Kathleen Mote Chief Strategy Officer | Officer | 50 | $372,729 |
Vince Bertram Ed D President & CEO (end 5/22) | 50 | $392,265 | |
David Greer Chief Programs Officer | 50 | $330,236 | |
Matthew Voors Chief Legal & Compl. Officer | 50 | $267,610 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Univ Of Kansas Center For Research Support Services | 6/29/23 | $1,400,696 |
Inkling Systems Inc Support Service | 6/29/23 | $1,144,800 |
Capitol Construction Services Inc Building Renovations | 6/29/23 | $1,442,527 |
Orlando World Center Marriott Events Hotel Service | 6/29/23 | $1,085,112 |
Univ Of Kansas Center For Research Support Services | 6/29/23 | $1,400,696 |
Inkling Systems Inc Support Service | 6/29/23 | $1,144,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $481,401 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,810,504 |
| Noncash contributions included in lines 1a–1f | $75,613 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,291,905 |
| Total Program Service Revenue | $34,814,675 |
| Investment income | $1,342,220 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,315 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$72,122 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $19,631,166 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $61,023,810 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,781,569 |
| 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. | $2,195,215 |
| Compensation of current officers, directors, key employees. | $480,841 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,623,327 |
| Pension plan accruals and contributions | $285,971 |
| Other employee benefits | $5,796,223 |
| Payroll taxes | $1,691,598 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $147,369 |
| Fees for services: Accounting | $57,737 |
| Fees for services: Lobbying | $308,861 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,608 |
| Fees for services: Other | $9,419,324 |
| Advertising and promotion | $966,297 |
| Office expenses | $50,711 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $113,565 |
| Travel | $1,111,756 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,212,247 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $395,443 |
| Insurance | $127,184 |
| All other expenses | $621,724 |
| Total functional expenses | $60,118,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,058,152 |
| Savings and temporary cash investments | $40,527,125 |
| Pledges and grants receivable | $6,037,800 |
| Accounts receivable, net | $32,113,191 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $660,661 |
| Prepaid expenses and deferred charges | $8,546,492 |
| Net Land, buildings, and equipment | $6,838,566 |
| Investments—publicly traded securities | $920,015 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $102,702,002 |
| Accounts payable and accrued expenses | $12,305,480 |
| Grants payable | $0 |
| Deferred revenue | $30,330,885 |
| 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 | $65,009 |
| Total liabilities | $42,701,374 |
| Net assets without donor restrictions | $43,140,819 |
| Net assets with donor restrictions | $16,859,809 |
| 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 | $102,702,002 |
Grants Awarded
Over the last fiscal year, Project Lead The Way Inc has awarded $14,960,380 in support to 424 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON COLLEGIATE CHARTER (DISTRICT) PURPOSE: Program Implementation | $31,500 |
GILL-MONTAGUE PURPOSE: Program Implementation | $28,000 |
NEIGHBORHOOD HOUSE CHARTER (DISTRICT) PURPOSE: Program Implementation | $20,000 |
BILLERICA PUBLIC SCHOOLS PURPOSE: Program Implementation | $26,500 |
BRAINTREE PURPOSE: Program Implementation | $15,000 |
CANTON PUBLIC SCHOOLS PURPOSE: Program Implementation | $5,938 |