Marcy Lab Inc

Organization Overview

Marcy Lab Inc is located in Brooklyn, NY. The organization was established in 2019. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2021, Marcy Lab Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marcy Lab 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 06/2021, Marcy Lab Inc generated $2.1m in total revenue. All expenses for the organization totaled $903.7k during the year ending 06/2021. While expenses have increased by 77.4% per year over the past 2 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

WE PROVIDE A DIRECT PATHWAY FOR LOW -INCOME YOUNG ADULTS TO WEALTH-GENERATING TECHNOLOGY CAREERS THROUGH RIGOROUS TECHNICAL TRAINING AND LEADERSHIP DEVELOPMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OUR FLAGSHIP PROGRAM, THE SOFTWARE ENGINEERING FELLOWSHIP, IS A TRUE ALTERNATIVE TO COLLEGE, DESIGNED TO BE A DIRECT PATHWAY FOR YOUNG PEOPLE OF COLOR FROM LOW SOCIOECONOMIC BACKGROUNDS TO EMPLOYMENT AS ENTRY-LEVEL SOFTWARE ENGINEERS. UPON GRADUATION, FELLOWS ARE EQUIPPED WITH A STRONG UNDERSTANDING OF COMPUTER SCIENCE SKILLS AND A PORTFOLIO THAT SHOWCASES THEIR TALENT IN PRACTICE. THE YEAR-LONG PROGRAM STARTS WITH A DEEP DIVE INTO THE FUNDAMENTALS OF PROGRAMMING AND COMPUTER SCIENCE PAIRED WITH A PROJECT-BASED CURRICULUM THAT APPLIES THESE FUNDAMENTALS IN A REAL-WORLD CONTEXT. AT OVER 2,000 HOURS IN LENGTH, OUR PROGRAM SURPASSES THE NUMBER OF IN-CLASS HOURS FOR THE AVERAGE FOUR-YEAR DEGREE AND IS CONTINUALLY INFORMED BY INDUSTRY NEEDS. WE COMPLEMENT TECHNICAL TRAINING BY CULTIVATING "THE WHOLE STUDENT" THROUGH OUR LEADERSHIP DEVELOPMENT CURRICULUM, A SKILLS-BASED, EQUITY-CENTERED APPROACH TO PROFESSIONAL READINESS AND IDENTITY DEVELOPMENT. CLASSROOM TRAINING IS FOLLOWED BY A THREE-MONTH PAID APPRENTICESHIP WHERE FELLOWS SHOWCASE THEIR TALENTS BY APPLYING THEIR SKILLS AS PART OF A REAL ENGINEERING TEAM OR WORKING ON AN OPEN-SOURCE SOFTWARE PROJECT. THIS IS THEIR OPPORTUNITY TO SHOWCASE THEIR ABILITY TO LEARN, ADAPT, AND ADD VALUE TO TEAMS WORKING TOWARD SOLUTIONS TO COMPLEX PROBLEMS. TO DATE, 100% OF EMPLOYERS THAT HAVE TAKEN ON OUR APPRENTICES HAVE EXTENDED OFFERS TO KEEP THEM ON AS FULL-TIME EMPLOYEES. UPON GRADUATION, OUR CAREER COUNSELORS SUPPORT FELLOWS AS THEY PURSUE OPPORTUNITIES IN THE FULL-TIME JOB MARKET. ALUMS CONTINUE TO RECEIVE CAREER COACHING AND MENTORSHIP EARLY IN THEIR CAREERS AND HAVE ACCESS TO ALUMNI ENGAGEMENT OPPORTUNITIES FOR LIFE.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $59,068
All other contributions, gifts, grants, and similar amounts not included above$2,083,510
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,142,578
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 $2,149,942

Grants Recieved

Over the last fiscal year, we have identified 11 grants that Marcy Lab Inc has recieved totaling $603,094.

Awarding OrganizationAmount
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$114,394
Arbor Brothers Inc

New York, NY

PURPOSE: GENERAL OPERATING SUPPORT

$102,000
Llewellyn Family Foundation

New York, NY

PURPOSE: GENERAL OPERATING SUPPORT

$100,000
Education Leaders Of Color Inc

Los Angeles, CA

PURPOSE: OPERATING SUPPORT

$100,000
Tom Russell Charitable Foundation Inc

Wilmington, DE

PURPOSE: SUPPORT THE CONTINUED EXPANSION OF OUR SOFTWARE ENGINEERING FELLOWSHIP, SPECIFICALLY TO NEARLY DOUBLE OUR ENROLLMENT TO 100 YOUNG PEOPLE IN THE COMING YEAR WHILE BUILDING THE INFRASTRUCTURE

$95,000
William T Grant Foundation Inc

New York, NY

PURPOSE: SCALING AND SUSTAINING THE FUTURE OF THE MARCY LAB SCHOOL

$30,000
View Grant Recipient Profile

Peer Organizations

Organization NameAssets
Touro University
New York, NY
$93,950,601
New York Law School
New York, NY
$82,190,230
Brooklyn Law School
Brooklyn, NY
$73,619,300
Bank Street College Of Education
New York, NY
$64,451,080
Touro University
New York, NY
$69,634,843
Albany College Of Pharmacy And Health Sciences
Albany, NY
$62,205,490
Salus University
Elkins Park, PA
$53,963,466
New England Law Boston
Boston, MA
$46,208,385
Geisinger Commonwealth School Of Medicine
Danville, PA
$48,699,077
American College
King of Prussia, PA
$39,801,880
Albany Law School
Albany, NY
$40,164,228
Cairn University
Langhorne, PA
$36,996,664

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