Liabilities / Assets
36th percentile
Higher debt load relative to assets than 36% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.02x
Liabilities / Revenue
36th percentile
Higher debt load relative to revenue than 36% of similar nonprofits.
Net Margin
42nd percentile
Higher net margin than 42% of similar nonprofits.
Top Officer Pay
70th percentile
Higher top officer pay than 70% of similar nonprofits.
Top officer pay equals 8.3% of source-year revenue.
Asset Growth
40th percentile
Faster asset growth than 40% of similar nonprofits.
Revenue Growth
24th percentile
Faster revenue growth than 24% of similar nonprofits.
Balance Sheet
Assets
Up$2,015,361
Up $20,198 (+1.0%) from 2022
Net Assets
Up$1,982,472
Up $21,182 (+1.1%) from 2022
Liabilities
Down$32,889
Down $984 (-2.9%) from 2022
Revenue And Expenses
Revenue
Down$1,335,893
Down $179,616 (-12%) from 2022
Expenses
Down$1,328,814
Down $12,773 (-1.0%) from 2022
Net Income
Down$7,079
Down $166,843 (-96%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2022 to Jun 30, 2023
- Signed
- Feb 29, 2024
- Return Version
- 2022v5.0
- Gross Receipts
- $1,345,948
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.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $622,416 | $1,097,690 | ▲ $475,274 |
| Pledges and Grants Receivable | $438,045 | $415,044 | ▼ $23,001 |
| Cash and Non-Interest-Bearing Accounts | $906,038 | $402,270 | ▼ $503,768 |
| Accounts Receivable | $26,277 | $96,266 | ▲ $69,989 |
| Prepaid Expenses and Deferred Charges | $2,387 | $4,091 | ▲ $1,704 |
| 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 | $1,995,163 | $2,015,361 | ▲ $20,198 |
| Other Assets Total | - | $0 | - |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $33,873 | $32,889 | ▼ $984 |
| Total Liabilities | $33,873 | $32,889 | ▼ $984 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $1,416,151 | $1,448,206 | ▲ $32,055 |
| Net Assets With Donor Restrictions | $545,139 | $534,266 | ▼ $10,873 |
| Total Net Assets Fund Balance | $1,961,290 | $1,982,472 | ▲ $21,182 |
| Total Liabilities and Net Assets / Fund Balance | $1,995,163 | $2,015,361 | ▲ $20,198 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | - | $4,943 | $4,943 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Ashaki Goodall | Exec. Director | FT | $104,000 | $6,454 | $110,454 |
Board Members and Trustees
| Name | Title |
|---|---|
| Michael Druckman | Executive Chair |
| Brian Carr | Vice Chair |
| Cecilia Marinier | Director |
| Elizabeth Trongone Layne | Director |
| Hector Perez | Director |
| Jeremy Leventhal | Director |
| Mark Thaler | Director |
| Matthew Wunder | Director |
| Nancy Druckman | Director |
| Preetam Dutta | Director |
| Riqueza Feaster | Director |
| Robert da Silva Ashley | Director |
| Steve Bloom | Director |
| Ruth Arnould | Secretary |
| John Kushner | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $1,205,487
- Program Service Revenue
- $120,993
- Investment Income
- $9,413
- Other Revenue
- $0
- All Other Contributions
- $993,987
- Change in Net Assets
- $7,079
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $1,335,893
- Revenue Not Reported on Form 990
- $293,259
- Total Revenue per Audited Statements
- $1,629,152
- Total Revenue per Form 990
- $1,335,893
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $832,259 |
| Other Expenses | $496,555 |
| Total Fundraising Expense | $145,002 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $642,516 | $28,468 | $52,424 | $723,408 |
| Fees for Services Other | $280,075 | $14,182 | $77,054 | $371,311 |
| Payroll Taxes | $59,751 | $2,950 | $5,070 | $67,771 |
| Fees for Services Accounting | - | $59,042 | - | $59,042 |
| Other Employee Benefits | $36,858 | $1,453 | $2,769 | $41,080 |
| Office Expenses | $24,233 | $2,780 | $4,321 | $31,334 |
| Occupancy | $14,670 | $785 | $1,847 | $17,302 |
| Insurance | $5,179 | $512 | $1,002 | $6,693 |
| Conferences and Meetings | $5,968 | $229 | $367 | $6,564 |
| Fees for Services Legal | $2,500 | - | - | $2,500 |
| Travel | $1,607 | $54 | $148 | $1,809 |
| Total Functional Expenses | $1,073,357 | $110,455 | $145,002 | $1,328,814 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $1,607,970 |
| Expenses per Audited Statements | $1,328,814 |
| Total Expenses per Form 990 | $1,328,814 |
| Expenses Not Reported on Form 990 | $279,156 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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 Item | Beginning | End | Change |
|---|---|---|---|
| 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, Section A, Line 2
“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, Section B, Line 11B
“The Form 990 is reviewed by the Finance and Audit Committee and Executive Chair 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, Section B, Line 12C
“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, Section C, Line 19
“The organization's governing documents, conflict of interest policy, and financial statements are available upon written request. Some audited financial information is published on our website, saved to GuideStar (Candid) and in our annual report.”
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
- 2024-02-29
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Michael Druckman
- Formed
- 1998
- Legal Domicile
- Il
- Voting Board Members
- 15
- Independent Board Members
- 15
- Employees
- 15
- Volunteers
- 300
Preparer
- Firm
- WatsonRice LLP
- Address
- 31 West 34th Street 7006, New York, NY 10001
- Preparer
- Baruti Bediako CPA
- Phone
- 2124477300
Supplemental Narrative
Additional Explanations
Form 990, Part III, Line 4D
“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 the evolving role of K-12 and University in education and what equity truly means for education.”
Financial Statement Notes
Part X : FIN48 Footnote
“The Organization has determined that there are no uncertain tax positions as of June 30, 2023 and 2022 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, 2020.”
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| IRS990/Desc | 0 | Career Skills Schools That Can's Career Readiness program features a proprietary, 125-hour curriculum for high school students designed to prepare them for the world of work and post-secondary success. In the 6-unit program, students build foundational career skills through mock interviews, story slams, and resume reviews. They experience networking with corporate volunteers across diverse industries, learn the basics of financial literacy by building their own budgets, and more. The e2e Curriculum can be implemented over the course of 3 years, or facilitated as stand-alone units, making the program flexible to a schools needs, and an STC co-teacher provided by STC to bring the program to life in classrooms. |
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| IRS990/EmployeeCnt | 0 | 15 |
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| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | Other Programs & PLG In addition to STCs signature programs and Thought Leadership series, STC runs several local initiatives, many in collaboration with local companies and organizations. For instance, in partnership with Prudential, STC Newark helps to connect high schools to math professors and actuaries to showcase math in the real world. Students visited several departments at Prudential and completed a project judged by Prudential employees. Other STC offices have run e2e and workforce development workshops with local partners to spread real-world learning and to connect education to employment. |
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Document Assets
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Filings
Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $2,015,361
- Liabilities
- $32,889
- Net assets
- $1,982,472
- Revenue
- $1,335,893
- Expenses
- $1,328,814
- Net income
- $7,079