Civic Intelligence

Skillup Coalition

990 • Fiscal year 2019 • EIN 83-1740975

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

55 2nd Street 25th FloorSan Francisco, CA 94105

(206) 359-8528

Siviq Scores

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

Liabilities / Assets

85th percentile

0.47x

Higher debt load relative to assets than 85% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

85th percentile

0.47x

Higher debt load relative to revenue than 85% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

92nd percentile

53%

Higher net margin than 92% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

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

Source year 2019

Revenue Growth

Score unavailable

No value available

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

Source year 2019

Assets

$860,779

No earlier filing loaded for comparison.

Net Assets

$457,238

No earlier filing loaded for comparison.

Liabilities

$403,541

No earlier filing loaded for comparison.

Revenue

$860,811

No earlier filing loaded for comparison.

Expenses

$403,573

No earlier filing loaded for comparison.

Net Income

$457,238

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.

$10M$5.0M$0Assets 2019: $860,779Liabilities 2019: $403,541Net Assets 2019: $457,2382019Assets 2020: $2,921,741Liabilities 2020: $157,758Net Assets 2020: $2,763,9832020Assets 2021: $3,223,705Liabilities 2021: $464,708Net Assets 2021: $2,758,9972021Assets 2022: $4,266,442Liabilities 2022: $321,044Net Assets 2022: $3,945,3982022Assets 2023: $6,995,748Liabilities 2023: $199,567Net Assets 2023: $6,796,1812023Assets 2024: $9,086,010Liabilities 2024: $146,866Net Assets 2024: $8,939,1442024

Highlighted filing

2019

Assets$860,779
Liabilities$403,541
Net Assets$457,238

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2019: $860,811Expenses 2019: $403,573Net Income 2019: $457,2382019Revenue 2020: $4,607,697Expenses 2020: $2,300,952Net Income 2020: $2,306,7452020Revenue 2021: $5,571,417Expenses 2021: $5,576,403Net Income 2021: -$4,9862021Revenue 2022: $6,820,354Expenses 2022: $5,633,954Net Income 2022: $1,186,4002022Revenue 2023: $8,306,951Expenses 2023: $5,456,168Net Income 2023: $2,850,7832023Revenue 2024: $9,289,340Expenses 2024: $7,146,377Net Income 2024: $2,142,9632024

Highlighted filing

2019

Revenue$860,811
Expenses$403,573
Net Income$457,238
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$860,811
Mission and Program Overview

Mission

Skillup is dedicated to helping more than 40 million workers get rehired for in-demand jobs in high-growth industries. Our coalition is made up of over 60 world-class training and education providers, tech firms, employers, and philanthropies.

Entangled institute supports and incubates charitable initiatives in the education ecosystem.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$860,779▲ $860,779
Rtn Earn Endowment Incm Other Fnds$0$457,238▲ $457,238
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$0$860,779▲ $860,779
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$403,541▲ $403,541
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$403,541▲ $403,541
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$457,238▲ $457,238
Total Liabilities and Net Assets / Fund Balance$0$860,779▲ $860,779
Compensation and Service Providers

Board Members and Trustees

NameTitle
Allison SalisburyDirector and Chair
Michelle RheeDirector
Paul FreedmanDirector
Danielle LandreinSecretary
Kim UmemotoTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Entangled SolutionsResearch Services55 2ND STREET 25TH FLOOR, San Francisco, CA 94105$402,956
Revenue and Support

Revenue Composition

Contributions and Grants
$860,811
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$860,811
Change in Net Assets
$457,238
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$403,573
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$402,956--$402,956
Insurance-$585-$585
Office Expenses-$32-$32
Total Functional Expenses$402,956$617$0$403,573
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Entangled Solutions LLCSubsidiary of FounderResearch ServicesNo$402,956

Loans and Receivables

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

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Business relationship with 35% controlled entity
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
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 - Business Relationships

Paul freedman was an officer, allison salisbury, danielle landrein, and kim umemoto were employees, and michelle rhee was an advisor of entangled group which includes entangled ventures and entangled solutions.

Form 990, Part VI, Line 11B - Review of 990

The form 990 is reviewed by the organization's governing board, current accounting staff, and outside counsel. A copy of the return is provided to the board of trustees for final review and approval prior to filing.

Form 990, Part VI, Line 12C - Conflict of Interest Policy

Any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest is considered an interested person, subject to the organization's conflict of interest policy. Each director and officer shall periodically sign a statement that affirms such person: (a) has received a copy of the conflict of interest policy; (b) has read and understands the policy; (c) has agreed to comply with the policy; and (d) understands that entangled institute is a charitable organization and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes in connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he or she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide whether a conflict exists, determine the appropriate procedure for evaluating the potential conflict of interest, and take any appropriate disciplinary and corrective action.

Form 990, Part VII, Section A

All of the individuals listed on part vii served in a volunteer capacity for entangled institute. Therefore, no related organization compensation is required to be disclosed, as entangled group is a for-profit organization and did not provide any management services to entangled institute on a fee basis.

Filing and Contact Details

Filer

Filer Name
Entangled Institute
EIN
83-1740975
In Care Of
% MICHELLE RHEE
Phone
2063598528
Address
55 2ND STREET 25TH FLOOR, SAN FRANCISCO, CA 94105

Signing Officer

Name
Josh Jarrett
Title
Executive Chair
Phone
2062955742
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Josh Jarrett
Formed
2018
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
1
Employees
0
Volunteers
5

Preparer

Firm
PricewaterhouseCoopers LLP
Address
300 Madison Avenue, New York, NY 10017
Preparer
Laura J Parello
Phone
6464713000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1 - Mission Statement

Entangled institute supports and incubates charitable initiatives in the education ecosystem. Entangled institute will further this charitable purpose through two primary activities. First, entangled institute will incubate educational nonprofits seeking to obtain their own charitable status. Second, entangled institute will run multi-year educational initiatives as projects of entangled institute.

Form 990 Part IX Line 11G

Description:research services total fees:402956

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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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IRS990ScheduleA/TotalSupportAmt0860811
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0ENTANGLED SOLUTIONS LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SUBSIDIARY OF FOUNDER
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0402956
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0RESEARCH SERVICES
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0ENTANGLED SOLUTIONS CONDUCTED RESEARCH INTO CUSTOMER" WORKFORCE PROGRAMS THAT SERVE THE LEARNER AND THE FUTURE EMPLOYER EQUALLY TO UNDERSTAND THEIR ABILITY TO CREATE ECONOMIC MOBILITY FOR LOW-WAGE, LOW-EDUCATION POPULATIONS, THE BARRIERS TO SCALE OF THESE PROGRAMS, AND RECOMMENDATIONS FOR THEIR FUTURE SUCCESS. THE BOARD OF ENTANGLED INSTITUTE SELECTED ENTANGLED SOLUTIONS AS IT WAS UNIQUELY QUALIFIED TO PROVIDE RESEARCH SERVICES BECAUSE OF ITS CONNECTIONS ACROSS THE EDUCATION ECOSYSTEM AND EXPERTISE IN FUTURE STATE WORK. FEES PAID WERE DETERMINED TO BE REASONABLE AND AT FAIR MARKET VALUE BASED ON THE BOARD'S INDUSTRY EXPERTISE, UNDERSTANDING OF MARKET PRICES AND REVIEW OF SIMILARLY SITUATED SERVICE PROVIDERS.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART IV
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ENTANGLED INSTITUTE SUPPORTS AND INCUBATES CHARITABLE INITIATIVES IN THE EDUCATION ECOSYSTEM. ENTANGLED INSTITUTE WILL FURTHER THIS CHARITABLE PURPOSE THROUGH TWO PRIMARY ACTIVITIES. FIRST, ENTANGLED INSTITUTE WILL INCUBATE EDUCATIONAL NONPROFITS SEEKING TO OBTAIN THEIR OWN CHARITABLE STATUS. SECOND, ENTANGLED INSTITUTE WILL RUN MULTI-YEAR EDUCATIONAL INITIATIVES AS PROJECTS OF ENTANGLED INSTITUTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PAUL FREEDMAN WAS AN OFFICER, ALLISON SALISBURY, DANIELLE LANDREIN, AND KIM UMEMOTO WERE EMPLOYEES, AND MICHELLE RHEE WAS AN ADVISOR OF ENTANGLED GROUP WHICH INCLUDES ENTANGLED VENTURES AND ENTANGLED SOLUTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S GOVERNING BOARD, CURRENT ACCOUNTING STAFF, AND OUTSIDE COUNSEL. A COPY OF THE RETURN IS PROVIDED TO THE BOARD OF TRUSTEES FOR FINAL REVIEW AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST IS CONSIDERED AN INTERESTED PERSON, SUBJECT TO THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. EACH DIRECTOR AND OFFICER SHALL PERIODICALLY SIGN A STATEMENT THAT AFFIRMS SUCH PERSON: (A) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; (B) HAS READ AND UNDERSTANDS THE POLICY; (C) HAS AGREED TO COMPLY WITH THE POLICY; AND (D) UNDERSTANDS THAT ENTANGLED INSTITUTE IS A CHARITABLE ORGANIZATION AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE OR SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE WHETHER A CONFLICT EXISTS, DETERMINE THE APPROPRIATE PROCEDURE FOR EVALUATING THE POTENTIAL CONFLICT OF INTEREST, AND TAKE ANY APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL OF THE INDIVIDUALS LISTED ON PART VII SERVED IN A VOLUNTEER CAPACITY FOR ENTANGLED INSTITUTE. THEREFORE, NO RELATED ORGANIZATION COMPENSATION IS REQUIRED TO BE DISCLOSED, AS ENTANGLED GROUP IS A FOR-PROFIT ORGANIZATION AND DID NOT PROVIDE ANY MANAGEMENT SERVICES TO ENTANGLED INSTITUTE ON A FEE BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION:RESEARCH SERVICES TOTAL FEES:402956
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 1 - MISSION STATEMENT
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2 - BUSINESS RELATIONSHIPS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, LINE 11B - REVIEW OF 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, LINE 12C - CONFLICT OF INTEREST POLICY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII, SECTION A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PART IX LINE 11G
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0CONSULTING
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt1CONSULTING
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0ENTANGLED SOLUTIONS LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt1ENTANGLED VENTURES LLC
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt155 2ND STREET 25TH FLOOR
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0SAN FRANCISCO
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm1SAN FRANCISCO
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd1CA
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0ENTANG VENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0EDUCATION QUALITY OUTCOMES STANDARDS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0821345679
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt055 2ND STREET FLOOR 25
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SAN FRANCISCO
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd094105
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0true
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
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IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
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IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0ENTANGLED INSTITUTE WAS INITIALLY FOUNDED BY THE ENTANGLED GROUP WHICH INCLUDES ENTANGLED VENTURES AND ENTANGLED SOLUTIONS. ENTANGLED INSTITUTE IS ORGANIZED AND OPERATED AS AN INDEPENDENT ENTITY. THE ENTANGLED GROUP AND ITS SUBSIDIARY ENTITIES HAVE NO RIGHT TO ELECT DIRECTORS OR TO OTHERWISE CONTROL ANY OF ENTANGLED INSTITUTE'S ACTIVITIES. THERE WAS MAJORITY OVERLAP IN DIRECTORS IN 2019 IN CONNECTION WITH THE INSTITUTE'S START-UP, RESULTING IN A "RELATED PARTY" RELATIONSHIP PER THIS FORM'S DEFINITIONS.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHEDULE R, PART III
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IRS990ScheduleR/TransferToOtherOrgInd0false
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0403573
IRS990/TotalGrossUBIAmt00

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