Propel Network Inc
- Assets
- $1.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 3
- Location
- Brooklyn, NY
- Founding
- 05/2015
- Data as of
- 12/2022
- EIN
- 47-3168850
Organization Overview
Propel Network Inc is located in Brooklyn, NY. The organization was established in 2015. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2022, Propel Network Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Propel Network 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 12/2022, Propel Network Inc generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. 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
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A PROSPECTIVE CLIENT COMES IN FOR CAREER COACHING SESSIONS WITH ONE OF OUR CERTIFIED LIFE COACHES. TOGETHER THEY DECIDE WHAT THE CLIENT'S BEST AVENUE FOR SUCCESS WILL BE WITH REGARD TO HER INTEREST IN A PARTICULAR FIELD OF EMPLOYMENT. A VOCATIONAL SCHOOL IS THEN CHOSEN FOR THE CLIENT, WHICH SUITS HER LEVEL OF KNOWLEDGE AND TIME AVAILABILITY. WHEN NECESSARY, PROPEL PAYS THE TUITION FOR THE CLIENT DIRECTLY TO THE VOCATIONAL SCHOOL. ONCE THE CLIENT HAS GRADUATED THE PROGRAM AND EARNED HER VOCATIONAL CERTIFICATE, THE CLIENT'S COACH BEGINS TO CONNECT HER WITH THREE RELEVANT JOB INTERVIEWS, WHICH WILL LIKELY LEAD TO AT LEAST ONE JOB OFFER FOR THE CLIENT. THE PROGRAM GOES FROM MONDAY-FRIDAY, 9AM-5PM, ALL PUBLIC AND JEWISH HOLIDAYS EXCLUDED. ESTIMATED NUMBER OF WOMEN IN THE CAREER CANDIDATE PROGRAM IN 2022 WAS 196.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqueline Harary Secretary & Treasurer/chai | OfficerTrustee | 1 | $0 |
Haim Dabah Vice President/chair Of Ma | OfficerTrustee | 1 | $0 |
Dr Gayle Krost President | OfficerTrustee | 1 | $0 |
Michael Haddad Vice President/chair Of In | OfficerTrustee | 1 | $0 |
Marshall Aronow Board Member | Trustee | 1 | $0 |
Ezra S Ashkenazi Founding President Emeritu | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Be & Company Ltd Life Coach Strategist | 12/30/22 | $115,000 |
Ar Community Consultants Llc Admin & Budget | 12/30/22 | $177,500 |
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 | $1,314,733 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,314,733 |
| 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 | $1,314,733 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $129,946 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $89,958 |
| Compensation of current officers, directors, key employees. | $65,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,615 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,986 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $356,750 |
| Advertising and promotion | $85,303 |
| Office expenses | $13,190 |
| Information technology | $10,511 |
| Royalties | $0 |
| Occupancy | $16,800 |
| Travel | $0 |
| 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 | $18,261 |
| All other expenses | $0 |
| Total functional expenses | $1,027,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,825 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $980,699 |
| 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 | $0 |
| 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 | $1,222,524 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,222,524 |
| Net assets with donor restrictions | $0 |
| 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 | $1,222,524 |