Civic Intelligence

Matriculate Inc.

990 • Fiscal year 2016 • EIN 35-2531989

Jul 01, 2015 to Jun 30, 2016 • Filed on May 03, 2017

120 E 23rd St FL 5New York, NY 10010-4519

(646) 481-6239

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

94th percentile

1.00x

Higher debt load relative to assets than 94% of similar nonprofits.

2016 filings • NTEE P20 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

89th percentile

0.20x

Higher debt load relative to revenue than 89% of similar nonprofits.

2016 filings • NTEE P20 • <$500k nonprofits • Source year 2016

Net Margin

32nd percentile

-0.0%

Higher net margin than 32% of similar nonprofits.

2016 filings • NTEE P20 • <$500k nonprofits • Source year 2016

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • NTEE P20 • <$500k nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Assets

$93,684

No earlier filing loaded for comparison.

Net Assets

-$15

No earlier filing loaded for comparison.

Liabilities

$93,699

No earlier filing loaded for comparison.

Revenue

$460,020

No earlier filing loaded for comparison.

Expenses

$460,035

No earlier filing loaded for comparison.

Net Income

-$15

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0-$10MAssets 2016: $93,684Liabilities 2016: $93,699Net Assets 2016: -$152016Assets 2017: $1,681,612Liabilities 2017: $21,650Net Assets 2017: $1,659,9622017Assets 2018: $1,975,899Liabilities 2018: $47,198Net Assets 2018: $1,928,7012018Assets 2019: $6,259,554Liabilities 2019: $76,380Net Assets 2019: $6,183,1742019Assets 2020: $7,215,482Liabilities 2020: $306,039Net Assets 2020: $6,909,4432020Assets 2021: $6,646,510Liabilities 2021: $128,068Net Assets 2021: $6,518,4422021Assets 2022: $20,300,655Liabilities 2022: $135,923Net Assets 2022: $20,164,7322022Assets 2023: $18,359,622Liabilities 2023: $284,519Net Assets 2023: $18,075,1032023Assets 2024: $14,502,828Liabilities 2024: $179,054Net Assets 2024: $14,323,7742024

Highlighted filing

2016

Assets$93,684
Liabilities$93,699
Net Assets-$15

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$10M$0-$10MRevenue 2016: $460,020Expenses 2016: $460,035Net Income 2016: -$152016Revenue 2017: $2,735,829Expenses 2017: $1,075,852Net Income 2017: $1,659,9772017Revenue 2018: $1,665,076Expenses 2018: $1,396,337Net Income 2018: $268,7392018Revenue 2019: $5,879,230Expenses 2019: $1,624,757Net Income 2019: $4,254,4732019Revenue 2020: $3,034,462Expenses 2020: $2,308,193Net Income 2020: $726,2692020Revenue 2021: $2,476,191Expenses 2021: $2,867,192Net Income 2021: -$391,0012021Revenue 2022: $16,997,900Expenses 2022: $3,354,107Net Income 2022: $13,643,7932022Revenue 2023: $3,554,267Expenses 2023: $5,693,879Net Income 2023: -$2,139,6122023Revenue 2024: $3,169,230Expenses 2024: $6,596,986Net Income 2024: -$3,427,7562024

Highlighted filing

2016

Revenue$460,020
Expenses$460,035
Net Income-$15
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 3, 2017
Return Version
2015v3.0
Gross Receipts
$460,020
Mission and Program Overview

Mission

See schedule omatriculate's mission is to empower high-achieving high school students from low-income backgrounds to make the leap to our nation's top colleges.our vision is that one day all high-achieving, low-income high school students in america will have access to colleges where they will thrive, giving them a unique opportunity to change the trajectory of their own lives and the lives of their families.

See attachmentmatriculate's mission is to empower high-achieving, low-income high school students to make the leap to the best colleges and universities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$93,684-
Total Assets$0$93,684▲ $93,684
Liabilities
Other Liabilities$0$93,699▲ $93,699
Total Liabilities$0$93,699▲ $93,699
Net Assets / Fund Balance
Unrestricted Net Assets-$-15-
Total Net Assets Fund Balance$0$-15▼ $15
Total Liabilities and Net Assets / Fund Balance$0$93,684▲ $93,684
Compensation and Service Providers

Board Members and Trustees

NameTitle
Barbara Krasa KellyDirector
Bryden Sweeney-taylorDirector
Sean CullinanDirector
Madeline KernerChief Executive Officer
Derek SchrierSecretary
Greg SpivyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$460,000
Program Service Revenue
$0
Investment Income
$20
Other Revenue
$0
All Other Contributions
$460,000
Change in Net Assets
$-15
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$319,170
Other Expenses$140,865
Total Fundraising Expense$3,130
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$245,515--$245,515
Conferences and Meetings$31,914$19,111$2,084$53,109
Other Employee Benefits$52,909--$52,909
Occupancy$23,672--$23,672
Payroll Taxes$20,746--$20,746
Office Expenses$13,747$881$354$14,982
Fees for Services Other$14,380--$14,380
Information Technology$9,431$1,641-$11,072
Other Expenses$7,700--$7,700
Travel$3,711$1,452$496$5,659
Insurance$1,893$167$196$2,256
All Other Expenses-$35-$35
Total Functional Expenses$433,618$23,287$3,130$460,035
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to America Achieves, Inc.$93,699
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

America achieves, inc. Operated and acted as fiscal sponsor for matriculate from july 1, 2015 to june 30, 2016. The chief executive officer performed management duties such as supervising personnel, planning and executing budgets, reviewing financial information, and supervising exempt operations. During calendar year 2015 the chief executive officer received $152,278 of reportable compensation from america achieves, inc. In her capacity as chief executive officer.

Form 990, Part VI, Section A, Line 6

Matriculate's bylaws establishes a single class of member. The single class of members has the powers ascribed by the general corporation law of the state of delaware to the members of a non-stock not-for-profit corporation.

Form 990, Part VI, Section A, Line 7A

The appointment of directors (the "governing body") is reserved for members. Any director of the board may be removed by members. The general corporation law of the state of delaware requires member consent for certain corporate actions, such as amending the certificate of incorporation.

Form 990, Part VI, Section A, Line 7B

The appointment of directors (the "governing body") is reserved for members. Any director of the board may be removed by members. The general corporation law of the state of delaware requires member consent for certain corporate actions, such as amending the certificate of incorporation.

Form 990, Part VI, Section B, Line 11

The prepared form 990 is reviewed by the organization's governing body and management before the return is filed with the irs.

Form 990, Part VI, Section B, Line 12C

Annually all directors and officers complete and sign a statement that provides information regarding their interests and those of their family members that could give rise to conflicts. The members of the governing body make determinations of whether a conflict exists and review actual conflicts. Any person with a conflict is prohibited from participating in the governing body's deliberations and decisions in the transaction.

Form 990, Part VI, Section B, Line 15A

During an executive session the independent members of the governing body determined the chief executive officer's compensation using data on compensation for comparable positions published in guidestar's 2015 compensation report. All non-independent directors abstained from the meeting and an executive session consisting of only independent directors was held. The directors discussed the report as well as compensation paid by similar-sized tax-exempt organizations. The directors then agreed on the chief executive officer's compensation and determined such compensation was fair and reasonable in light of comparable data set forth in the report. The process was recorded in the minutes of the meetings.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Matriculate Inc
EIN
35-2531989
Phone
6464816239
Address
120 E 23RD ST FL 5, NEW YORK, NY 10010-4519

Signing Officer

Name
Madeline Kerner
Title
Chief Executive Officer
Phone
6464816239
Signed
2017-05-03

Organization Details

Principal Officer
Madeline Kerner
Formed
2015
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
5
Employees
0
Volunteers
190

Preparer

Firm
Wegner Cpas Llp
Address
230 PARK AVE FL 10, NEW YORK, NY 10169-1001
Preparer
Yigit Uctum CPA
Phone
2125511724
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AMERICA ACHIEVES, INC. OPERATED AND ACTED AS FISCAL SPONSOR FOR MATRICULATE FROM JULY 1, 2015 TO JUNE 30, 2016. THE CHIEF EXECUTIVE OFFICER PERFORMED MANAGEMENT DUTIES SUCH AS SUPERVISING PERSONNEL, PLANNING AND EXECUTING BUDGETS, REVIEWING FINANCIAL INFORMATION, AND SUPERVISING EXEMPT OPERATIONS. DURING CALENDAR YEAR 2015 THE CHIEF EXECUTIVE OFFICER RECEIVED $152,278 OF REPORTABLE COMPENSATION FROM AMERICA ACHIEVES, INC. IN HER CAPACITY AS CHIEF EXECUTIVE OFFICER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MATRICULATE'S BYLAWS ESTABLISHES A SINGLE CLASS OF MEMBER. THE SINGLE CLASS OF MEMBERS HAS THE POWERS ASCRIBED BY THE GENERAL CORPORATION LAW OF THE STATE OF DELAWARE TO THE MEMBERS OF A NON-STOCK NOT-FOR-PROFIT CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE APPOINTMENT OF DIRECTORS (THE "GOVERNING BODY") IS RESERVED FOR MEMBERS. ANY DIRECTOR OF THE BOARD MAY BE REMOVED BY MEMBERS. THE GENERAL CORPORATION LAW OF THE STATE OF DELAWARE REQUIRES MEMBER CONSENT FOR CERTAIN CORPORATE ACTIONS, SUCH AS AMENDING THE CERTIFICATE OF INCORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE APPOINTMENT OF DIRECTORS (THE "GOVERNING BODY") IS RESERVED FOR MEMBERS. ANY DIRECTOR OF THE BOARD MAY BE REMOVED BY MEMBERS. THE GENERAL CORPORATION LAW OF THE STATE OF DELAWARE REQUIRES MEMBER CONSENT FOR CERTAIN CORPORATE ACTIONS, SUCH AS AMENDING THE CERTIFICATE OF INCORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PREPARED FORM 990 IS REVIEWED BY THE ORGANIZATION'S GOVERNING BODY AND MANAGEMENT BEFORE THE RETURN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ANNUALLY ALL DIRECTORS AND OFFICERS COMPLETE AND SIGN A STATEMENT THAT PROVIDES INFORMATION REGARDING THEIR INTERESTS AND THOSE OF THEIR FAMILY MEMBERS THAT COULD GIVE RISE TO CONFLICTS. THE MEMBERS OF THE GOVERNING BODY MAKE DETERMINATIONS OF WHETHER A CONFLICT EXISTS AND REVIEW ACTUAL CONFLICTS. ANY PERSON WITH A CONFLICT IS PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN THE TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DURING AN EXECUTIVE SESSION THE INDEPENDENT MEMBERS OF THE GOVERNING BODY DETERMINED THE CHIEF EXECUTIVE OFFICER'S COMPENSATION USING DATA ON COMPENSATION FOR COMPARABLE POSITIONS PUBLISHED IN GUIDESTAR'S 2015 COMPENSATION REPORT. ALL NON-INDEPENDENT DIRECTORS ABSTAINED FROM THE MEETING AND AN EXECUTIVE SESSION CONSISTING OF ONLY INDEPENDENT DIRECTORS WAS HELD. THE DIRECTORS DISCUSSED THE REPORT AS WELL AS COMPENSATION PAID BY SIMILAR-SIZED TAX-EXEMPT ORGANIZATIONS. THE DIRECTORS THEN AGREED ON THE CHIEF EXECUTIVE OFFICER'S COMPENSATION AND DETERMINED SUCH COMPENSATION WAS FAIR AND REASONABLE IN LIGHT OF COMPARABLE DATA SET FORTH IN THE REPORT. THE PROCESS WAS RECORDED IN THE MINUTES OF THE MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt093684
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt093684
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0460000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03130
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt023287
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0433618
IRS990/TotalFunctionalExpensesGrp/TotalAmt0460035
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt093699
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt093699
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-15
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0433618
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt020
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0460020
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0190
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt093684
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt0496
IRS990/TravelGrp/ManagementAndGeneralAmt01452
IRS990/TravelGrp/ProgramServicesAmt03711
IRS990/TravelGrp/TotalAmt05659
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-15
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0120 E 23RD ST FL 5
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd0100104519
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.MATRICULATE.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MADELINE KERNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHIEF EXECUTIVE OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum06464816239
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MATRICULATE INC
ReturnHeader/Filer/BusinessNameControlTxt0MATR
ReturnHeader/Filer/EIN0352531989
ReturnHeader/Filer/PhoneNum06464816239
ReturnHeader/Filer/USAddress/AddressLine1Txt0120 E 23RD ST FL 5
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd0100104519
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390974031
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WEGNER CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0230 PARK AVE FL 10
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0101691001
ReturnHeader/PreparerPersonGrp/PhoneNum02125511724
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0YIGIT UCTUM CPA
ReturnHeader/ReturnTs02017-05-03T15:56:06-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

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