Civic Intelligence

Schools That Can

990 • Fiscal year 2024 • EIN 36-4268793

Jul 01, 2023 to Jun 30, 2024 • Filed on Feb 11, 2025

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

37th percentile

0.02x

Higher debt load relative to assets than 37% of similar nonprofits.

2024 filings • NTEE B • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

42nd percentile

0.04x

Higher debt load relative to revenue than 42% of similar nonprofits.

2024 filings • NTEE B • $1M-$5M nonprofits • Source year 2024

Net Margin

8th percentile

-35%

Higher net margin than 8% of similar nonprofits.

2024 filings • NTEE B • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

75th percentile

$128,823

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 15.5% of source-year revenue.

2024 filings • NTEE B • $1M-$5M nonprofits • Source year 2024

Asset Growth

15th percentile

-14%

Faster asset growth than 15% of similar nonprofits.

2024 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

7th percentile

-38%

Faster revenue growth than 7% of similar nonprofits.

2024 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,728,342

Down $287,019 (-14%) from 2023

Net Assets

Down

$1,698,322

Down $284,150 (-14%) from 2023

Liabilities

Down

$30,020

Down $2,869 (-8.7%) from 2023

Revenue

Down

$830,607

Down $505,286 (-38%) from 2023

Expenses

Down

$1,117,974

Down $210,840 (-16%) from 2023

Net Income

Down

-$287,367

Down $294,446 (-4159%) from 2023

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

2024

Assets$1,728,342
Liabilities$30,020
Net Assets$1,698,322

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

2024

Revenue$830,607
Expenses$1,117,974
Net Income-$287,367
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 11, 2025
Return Version
2023v6.0
Gross Receipts
$2,256,377
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
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,097,690$1,151,984▲ $54,294
Cash and Non-Interest-Bearing Accounts$402,270$460,740▲ $58,470
Accounts Receivable$96,266$54,840▼ $41,426
Pledges and Grants Receivable$415,044$54,200▼ $360,844
Prepaid Expenses and Deferred Charges$4,091$6,578▲ $2,487
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$2,015,361$1,728,342▼ $287,019
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$32,889$30,020▼ $2,869
Total Liabilities$32,889$30,020▼ $2,869
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,448,206$1,244,841▼ $203,365
Net Assets With Donor Restrictions$534,266$453,481▼ $80,785
Total Net Assets Fund Balance$1,982,472$1,698,322▼ $284,150
Total Liabilities and Net Assets / Fund Balance$2,015,361$1,728,342▼ $287,019

Asset Categories

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

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ashaki GoodallCPO / ED NewarkFT$121,556$7,267$128,823
Caroline BretterCFOPT$40,800-$40,800

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$658,236
Program Service Revenue
$112,500
Investment Income
$59,871
Other Revenue
$0
All Other Contributions
$582,036
Change in Net Assets
$-287,367

Audited Revenue Reconciliation

Revenue per Audited Statements
$830,607
Revenue Not Reported on Form 990
$272,532
Total Revenue per Audited Statements
$1,103,139
Total Revenue per Form 990
$830,607
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$760,660
Other Expenses$357,314
Total Fundraising Expense$98,474
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$536,042$27,904$48,503$612,449
Fees for Services Management$230,889$10,691$23,581$265,161
Payroll Taxes$52,299$2,816$5,543$60,658
Other Employee Benefits$38,262$1,950$4,501$44,713
Current Officers, Directors, Trustees, and Key Employees$29,988$2,142$10,710$42,840
Occupancy$19,095$1,335$1,610$22,040
Fees for Services Legal-$19,961-$19,961
Office Expenses$15,255$1,014$1,628$17,897
Fees for Services Other$8,539$449$895$9,883
Conferences and Meetings$6,048$412$532$6,992
Insurance$4,653$275$469$5,397
Other Expenses-$5,000-$5,000
Travel$4,232$249$502$4,983
Total Functional Expenses$945,302$74,198$98,474$1,117,974

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,387,289
Expenses per Audited Statements$1,117,974
Total Expenses per Form 990$1,117,974
Expenses Not Reported on Form 990$269,315
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
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, 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
2025-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Druckman
Formed
1998
Legal Domicile
Il
Voting Board Members
14
Independent Board Members
14
Employees
21
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. As an extension of these public-facing webinars, we have launched a series of more intimate Study Groups with University Provosts, K-12 School Leaders and K-12 Teachers to encourage conversations across sectors. We view these conversations as a crucial part of problem solving at the community level.

Financial Statement Notes

Part X : FIN48 Footnote

The Organization has determined that there are no uncertain tax positions as of June 30, 2024 and 2023 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 June 30, 2021.

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IRS990/Form990PartVIISectionAGrp/PersonNm9Robert da Silva Ashley
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IRS990/MissionDesc0Schools 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.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Design Challenge Schools That Can works with teachers and students in middle and high 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 and high 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 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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