Civic Intelligence

Schools That Can

990 • Fiscal year 2021 • EIN 36-4268793

Jul 01, 2020 to Jun 30, 2021 • Filed on Mar 01, 2022

1040 First Ave 346New York, NY 10022

(917) 238-4402

Siviq Scores

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

Liabilities / Assets

58th percentile

0.14x

Higher debt load relative to assets than 58% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

58th percentile

0.15x

Higher debt load relative to revenue than 58% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Net Margin

62nd percentile

20%

Higher net margin than 62% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

76th percentile

$129,355

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Asset Growth

55th percentile

15%

Faster asset growth than 55% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

59th percentile

20%

Faster revenue growth than 59% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,081,762

Up $272,285 (+15%) from 2020

Net Assets

Up

$1,793,675

Up $397,231 (+28%) from 2020

Liabilities

Down

$288,087

Down $124,946 (-30%) from 2020

Revenue

Up

$1,974,355

Up $334,305 (+20%) from 2020

Expenses

Up

$1,577,088

Up $24,251 (+1.6%) from 2020

Net Income

Up

$397,267

Up $310,054 (+356%) from 2020

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2012: $223,999Liabilities 2012: $10,213Net Assets 2012: $213,7862012Assets 2013: $335,394Liabilities 2013: $13,489Net Assets 2013: $321,9052013Assets 2014: $485,729Liabilities 2014: $41,596Net Assets 2014: $444,1332014Assets 2015: $729,169Liabilities 2015: $27,030Net Assets 2015: $702,1392015Assets 2016: $908,800Liabilities 2016: $28,518Net Assets 2016: $880,2822016Assets 2018: $999,495Liabilities 2018: $42,192Net Assets 2018: $957,3032018Assets 2019: $1,319,620Liabilities 2019: $32,439Net Assets 2019: $1,287,1812019Assets 2020: $1,809,477Liabilities 2020: $413,033Net Assets 2020: $1,396,4442020Assets 2021: $2,081,762Liabilities 2021: $288,087Net Assets 2021: $1,793,6752021Assets 2022: $1,995,163Liabilities 2022: $33,873Net Assets 2022: $1,961,2902022Assets 2023: $2,015,361Liabilities 2023: $32,889Net Assets 2023: $1,982,4722023Assets 2024: $1,728,342Liabilities 2024: $30,020Net Assets 2024: $1,698,3222024Assets 2025: $1,761,626Liabilities 2025: $26,063Net Assets 2025: $1,735,5632025

Highlighted filing

2021

Assets$2,081,762
Liabilities$288,087
Net Assets$1,793,675

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2012: $221,2762012Revenue 2013: $344,425Expenses 2013: $236,306Net Income 2013: $108,1192013Revenue 2014: $761,448Expenses 2014: $639,220Net Income 2014: $122,2282014Revenue 2015: $1,073,947Expenses 2015: $815,941Net Income 2015: $258,0062015Revenue 2016: $1,133,792Expenses 2016: $955,649Net Income 2016: $178,1432016Revenue 2018: $1,497,894Expenses 2018: $1,442,112Net Income 2018: $55,7822018Revenue 2019: $1,982,036Expenses 2019: $1,652,158Net Income 2019: $329,8782019Revenue 2020: $1,640,050Expenses 2020: $1,552,837Net Income 2020: $87,2132020Revenue 2021: $1,974,355Expenses 2021: $1,577,088Net Income 2021: $397,2672021Revenue 2022: $1,515,509Expenses 2022: $1,341,587Net Income 2022: $173,9222022Revenue 2023: $1,335,893Expenses 2023: $1,328,814Net Income 2023: $7,0792023Revenue 2024: $830,607Expenses 2024: $1,117,974Net Income 2024: -$287,3672024Revenue 2025: $965,118Expenses 2025: $926,404Net Income 2025: $38,7142025

Highlighted filing

2021

Revenue$1,974,355
Expenses$1,577,088
Net Income$397,267
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 1, 2022
Return Version
2020v4.0
Gross Receipts
$1,995,580
Mission and Program Overview

Mission

Schools That Can provides culturally relevant career readiness programming that prioritizes real-world experiences to middle and high school students. Our mission is to build an education to employment (e2e) pathway that closes the opportunity and skills gap.

Schools That Can provides educational programming that builds an education to employment (e2e) pathway to close the opportunity and skills gap.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,670,601$1,583,536▼ $87,065
Savings and Temporary Cash Investments-$333,987-
Pledges and Grants Receivable$113,095$61,500▼ $51,595
Accounts Receivable$23,354$40,721▲ $17,367
Prepaid Expenses and Deferred Charges$2,427$3,018▲ $591
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,809,477$2,081,762▲ $272,285
Other Assets Total-$59,000-
Liabilities
Unsecured Notes Loans Payable$177,500$177,500→ $0
Accounts Payable and Accrued Expenses$235,533$110,587▼ $124,946
Total Liabilities$413,033$288,087▼ $124,946
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,031,797$1,299,214▲ $267,417
Net Assets With Donor Restrictions$364,647$494,461▲ $129,814
Total Net Assets Fund Balance$1,396,444$1,793,675▲ $397,231
Total Liabilities and Net Assets / Fund Balance$1,809,477$2,081,762▲ $272,285

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$4,943$4,943
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Beth BazerExec Director, CHIFT$109,904$19,451$129,355
Erin SweeneyExec. Director, NJFT$119,748$6,299$126,047

Board Members and Trustees

NameTitle
Elaine AllenAudit Chair
Elizabeth LayneDevt. Co-Chair
Ruth ArnouldDevt. Co-Chair
Michael DruckmanExecutive Chair
Hector PerezFin COM CoChair
John KushnerFin COM CoChair
Steve BloomGov. Chair
Mark ThalerImpact Chair
Guy MetcalfeVice Chair
Grace SuhDirector
Jeremy LeventhalDirector
Jo WebberDirector
Lisa ScruggsDirector
Matthew WunderDirector
Nancy DruckmanDirector
Preetam DuttaDirector
Robert da Silva AshleyDirector
Brian CarrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,737,524
Program Service Revenue
$0
Investment Income
$1,129
Other Revenue
$235,702
All Other Contributions
$1,737,524
Change in Net Assets
$397,267

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$38,506Fair Market Value (FMV)
Total Noncash Contributions2$38,506-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,974,355
Revenue Not Reported on Form 990
$336,705
Total Revenue per Audited Statements
$2,311,060
Total Revenue per Form 990
$1,974,355
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$955,825
Other Expenses$621,263
Total Fundraising Expense$164,907
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$662,561$84,066$90,533$837,160
Conferences and Meetings$259,706--$259,706
Fees for Services Other$188,871$21,970$44,530$255,371
Payroll Taxes$59,485$1,939$9,217$70,641
Fees for Services Accounting-$56,721-$56,721
Pension Plan Contributions$39,913$1,364$6,747$48,024
Office Expenses$14,406$1,419$9,073$24,898
Occupancy$13,618$409$1,793$15,820
Insurance$5,262$471$3,014$8,747
Total Functional Expenses$1,243,822$168,359$164,907$1,577,088

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,913,829
Expenses per Audited Statements$1,577,088
Total Expenses per Form 990$1,577,088
Expenses Not Reported on Form 990$336,741
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$918
Fundraising Gross Income$120
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Michael Druckman, Executive Chair of the Board, is married to Nancy Druckman, Board member. Neither Michael nor Nancy Druckman receive compensation for their services to the Organization.

Form 990, Part VI, Line 11B: Form 990 Review Process

The Form 990 is reviewed by the Audit Committee Chair and management for accuracy and completeness. Any items requiring clarification or resolution are discussed with the auditors. The final Form 990 is shared with the Board of Directors prior to filing with the IRS.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

A special independent committee consisting of all of the individual members of the Executive Committee of the Board shall be responsible for providing oversight of the adoption and implementation of, and compliance with, the Conflict of Interest Policy. The minutes of any meeting during which a potential or actual conflict of interest is disclosed, discussed, or voted upon shall be documented contemporaneously with the meeting and reflect the name of the interested Covered Person, the nature of the conflict, and details of the deliberations and any resolution of the conflict including any ongoing procedures to manage any conflict that was approved. The interested person shall only be informed of the final decision and not on the ongoing status of the review, particular director's positions or how they vote. In addition, certain related party transactions are required to be disclosed in the notes to STC's audited financial statements and its annual federal filing on form 990.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization's governing documents, conflict of interest policy, and financial statements are available upon written request.

Filing and Contact Details

Filer

Filer Name
Schools That Can
EIN
36-4268793
Address
1040 First Ave 346, New York, NY 10022

Signing Officer

Name
Michael Druckman
Title
Executive Chair
Signed
2022-03-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Druckman
Formed
1998
Legal Domicile
Il
Voting Board Members
18
Independent Board Members
18
Employees
12
Volunteers
100

Preparer

Firm
Watsonrice Llp
Address
5 Penn Plz FL 19, New York, NY 10001
Preparer
Baruti Bediako CPA
Phone
2124477300
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Thought Leadership Designed to bring together outstanding thought leaders, experts, and practitioners within the education to employment (e2e) space, this virtual series of live conversations focus on current topics and issues, including what high school revolutions can look like and what equity truly means for education. STC also hosts the Schools That Can Annual Forum, bringing school leaders, industry partners, and teachers from around the nation together since 2006, and e2e Chats, a series of student-centered conversations. While the in-person Forum has been canceled due to COVID the last 2 years, we continue to bring together a diverse group of educators and students to share ideas.

Financial Statement Notes

Part X : FIN48 Footnote

The Organization has determined that there are no uncertain tax positions as of June 30, 2021 and 2020 and did not record any income tax related penalties or interest for the period presented in the financial statements. With few exceptions, the Organization is no longer subject to examinations by tax authorities for years before December 31, 2018.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Fundraising Expenses netted against rev $918

Part XII, Line 2D: Other expenses and losses per audited F/S

Fundraising Expenses netted against rev $918

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IRS990/Form990PartVIISectionAGrp/PersonNm19Matthew Wunder
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Exec Director, Chi
IRS990/Form990PartVIISectionAGrp/TitleTxt1Exec. Director, NJ
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IRS990/ProgSrvcAccomActy2Grp/Desc0Design Challenge Schools That Can works with teachers and students in middle schools to bring powerful real-world learning programming to our schools, empowering students to drive their own learning while developing social-emotional and technical skills that will help them pursue their passions in high school and beyond. Teams of middle school students engage in design thinking challenges to solve local community problems while their teachers gain aligned, cohort-based professional learning to incorporate design thinking as a problem-solving approach in their instructional practice. Businesses and nonprofits in each city serve as the client for the challenge and support local teams, including by providing professionals to mentor student design teams.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Other Programs & PLG In addition to STCs signature programs and Thought Leadership series, STC runs several local initiatives, many in collaboration with partners. For instance, STC facilitates Professional Learning Groups (PLGs) that support cohorts of educators through improvement and inquiry cycles. Additionally, STC partners with local companies and organizations to spread real-world learning and to connect education to employment. As an example, in partnership with Prudential, STC Newark helps to connect high schools to math professors and actuaries to showcase math in the real world.
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