Civic Intelligence

Propel America

EIN 83-1867782 • 501(c)3 • Boston, MA

Profile

Propel empowers young adults with the skills, credentials, experiences, and networks necessary to obtain a good job with opportunities for advancement and higher education.

800 Boylston Street PO Box 99044Boston, MA 02199

www.propelamerica.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

25th percentile

0.02x

Higher debt load relative to assets than 25% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

19th percentile

0.02x

Higher debt load relative to revenue than 19% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

56th percentile

7.3%

Higher net margin than 56% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

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

501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

93rd percentile

64%

Faster asset growth than 93% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Revenue Growth

78th percentile

30%

Faster revenue growth than 78% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Assets

Up

$9,989,475

Up $1,029,714 (+11%) from 2023

Liabilities

Up

$176,841

Up $159,278 (+907%) from 2023

Net Assets

Up

$9,812,634

Up $870,436 (+9.7%) from 2023

Revenue

Down

$8,440,970

Down $3,552,739 (-30%) from 2023

Expenses

Up

$7,822,167

Up $1,613,854 (+26%) from 2023

Net Income

Down

$618,803

Down $5,166,593 (-89%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0-$5.0MAssets 2018: $88Liabilities 2018: $9,688Net Assets 2018: -$9,6002018Assets 2019: $1,415,280Liabilities 2019: $57,564Net Assets 2019: $1,357,7162019Assets 2020: $1,934,406Liabilities 2020: $155,594Net Assets 2020: $1,778,8122020Assets 2021: $3,917,614Liabilities 2021: $318,353Net Assets 2021: $3,599,2612021Assets 2022: $3,722,000Liabilities 2022: $565,198Net Assets 2022: $3,156,8022022Assets 2023: $8,959,761Liabilities 2023: $17,563Net Assets 2023: $8,942,1982023Assets 2024: $9,989,475Liabilities 2024: $176,841Net Assets 2024: $9,812,6342024

Highlighted filing

2024

Assets$9,989,475
Liabilities$176,841
Net Assets$9,812,634

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2018: $100Expenses 2018: $9,700Net Income 2018: -$9,6002018Revenue 2019: $2,685,652Expenses 2019: $1,318,336Net Income 2019: $1,367,3162019Revenue 2020: $2,890,113Expenses 2020: $2,469,017Net Income 2020: $421,0962020Revenue 2021: $6,072,902Expenses 2021: $4,252,453Net Income 2021: $1,820,4492021Revenue 2022: $4,976,091Expenses 2022: $5,418,550Net Income 2022: -$442,4592022Revenue 2023: $11,993,709Expenses 2023: $6,208,313Net Income 2023: $5,785,3962023Revenue 2024: $8,440,970Expenses 2024: $7,822,167Net Income 2024: $618,8032024

Highlighted filing

2024

Revenue$8,440,970
Expenses$7,822,167
Net Income$618,803

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 7, 2025
Return Version
2024v5.2
Gross Receipts
$8,440,970
Mission and Program Overview

Mission

Propel america empowers students with the skills, experiences, credentials and networks they need to move from high school to a well-paying job within one year, with opportunities for advancement and higher education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$5,815,504-
Pledges and Grants Receivable$225,000$2,410,070▲ $2,185,070
Cash and Non-Interest-Bearing Accounts$1,649,855$1,561,117▼ $88,738
Accounts Receivable$53,959$141,461▲ $87,502
Prepaid Expenses and Deferred Charges$30,437$60,775▲ $30,338
Savings and Temporary Cash Investments$7,000,510$548▼ $6,999,962
Total Assets$8,959,761$9,989,475▲ $1,029,714
Liabilities
Accounts Payable and Accrued Expenses$17,563$176,841▲ $159,278
Total Liabilities$17,563$176,841▲ $159,278
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,621,445$6,382,796▼ $1,238,649
Net Assets With Donor Restrictions$1,320,753$3,429,838▲ $2,109,085
Total Net Assets Fund Balance$8,942,198$9,812,634▲ $870,436
Total Liabilities and Net Assets / Fund Balance$8,959,761$9,989,475▲ $1,029,714
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Chad RountreeCEO/directorFT$307,276$13,273$320,549
Patricia Diaz-andradeChief Program OfficerFT$246,033$52,214$298,247
Claire CosenzeChief External Affairs OfficerFT$240,247$42,789$283,036
Debra KurshanChief Operating OfficerFT$257,554$12,110$269,664
Kelly MorrisVP of Client ServicesFT$170,658$45,925$216,583
John ChildersVP of TechnologyFT$185,331$22,539$207,870
Alexa BonillaSr. Director of Pre-fellowship ProgramsFT$139,159$38,626$177,785
Joseph TollefsonSenior Director of Client ServicesFT$127,189$45,033$172,222
Julia HornSr. Director of Market Dev. & StrategyFT$119,524$33,809$153,333
Paymon RouhanifardBoard ChairFT$60,200$3,010$63,210

Board Members and Trustees

NameTitle
Casey LeonettiDirector
Jeff NelsonDirector
John WhiteDirector
Wendy Lee HainesDirector A/o 7/2024
Lisette NievesDirector Thru 8/2024
John CozziDirector/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
College Of Health Care Professions (chcpTuition For Student Fellows2550 NORTH LOOP WEST SUITE 300, Houston, TX 77092$886,909
VchiefChief Of Staff2041 EAST ST PMB 7, Concord, CA 94520$111,854
Revenue and Support

Revenue Composition

Contributions and Grants
$7,092,070
Program Service Revenue
$1,270,165
Investment Income
$78,735
Other Revenue
$0
All Other Contributions
$7,092,070
Change in Net Assets
$618,803

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,440,970
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$251,633
Total Revenue per Audited Statements
$8,692,603
Total Revenue per Form 990
$8,440,970
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,999,428
Grants and Similar Amounts Paid$1,415,876
Other Expenses$1,406,863
Total Fundraising Expense$662,916
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,619,714$96,918$179,960$2,896,592
Grants to Domestic Individuals$1,415,876--$1,415,876
Current Officers, Directors, Trustees, and Key Employees$697,730$107,866$365,903$1,171,499
Other Employee Benefits$512,859$17,937$26,623$557,419
Other Expenses$291,455$65,813$2,316$359,584
Fees for Services Other$136,371$138,139$29,522$304,032
Payroll Taxes$253,360$12,064$31,503$296,927
Travel$182,956$4,607$17,648$205,211
Pension Plan Contributions$69,156$248$7,587$76,991
Fees for Services Accounting-$48,043-$48,043
Insurance$14,061$18,577$1,704$34,342
Fees for Service Investment Mgmnt Fees-$14,827-$14,827
All Other Expenses$1,889$11,787$150$13,826
Fees for Services Legal-$1,735-$1,735
Total Functional Expenses$6,620,690$538,561$662,916$7,822,167

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,822,167
Total Expenses per Audited Statements$7,822,167
Total Expenses per Form 990$7,822,167
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
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
Yes
Other officer compensation reviewed
Yes
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 B, Line 11B

When the form 990 is complete, it is sent to the board finance committee and debra kurshan, coo, for review. If any changes are required, they are made. Once changes are made the final version of the 990 is reviewed by chad rountree, ceo and debra kurshan, coo and then approved by the full board. The 990 is then filed.

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

In connection with any actual or possible conflict of interest, any director, principal officer, or member of a committee with powers delegated by the board of directors (interested person), who have a direct or indirect financial interest, have a duty to disclose the existence of such interest and all material facts related thereto to the board. Under propel america's conflict of interest policy, an interested person may make a presentation at the board meeting, but must leave the meeting during the discussion of, and vote on, the transaction or arrangement involving the possible conflict of interest. If the board has reasonable cause to believe an interested person has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If further investigation warrants, the organization takes appropriate disciplinary and corrective action. The minutes of the board shall contain the names of the persons who disclosed or otherwise were found to have a financial interest in connection with an actual or possible conflict of interest, the nature of the financial interest, any action taken to determine whether a conflict of interest was present, and the board's decision as to whether a conflict of interest in fact existed. Each interested person shall annually sign a statement affirming each person has received a copy of the conflicts of interest policy, has read and understands and has agreed to comply with the policy, and understands the corporation is charitable 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.

Form 990, Part VI, Section B, Line 15

Propel america uses market data for the leveling of all roles against our compensation levels to ensure that every role is mapped using external matches at similar organizations and adjusted for the appropriate cost of labor based on where the role is based. The roles are mapped to the compensation levels that were developed in 2020 and approved by the board. The compensation levels are adjusted annual based on any cola increases that are recommended and approved by the leadership team. This is the approach for all roles except the ceo which is directly set and approved by the board. All role levels are evaluated at least every two years. This process was last completed in 2024.

Form 990, Part VI, Section C, Line 19

The organization provides copies of the governing documents, conflict of interest policy and financial statements upon request. Contact information is available on the organization's website.

Filing and Contact Details

Filer

Filer Name
Propel America
EIN
83-1867782
Phone
5408190686
Address
800 BOYLSTON STREET PO BOX 99044, BOSTON, MA 02199

Signing Officer

Name
Chad Rountree
Title
CEO
Phone
5408190686
Signed
2025-07-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chad Rountree
Formed
2018
Legal Domicile
La
Voting Board Members
7
Independent Board Members
5
Employees
47
Volunteers
6

Preparer

Firm
Cliftonlarsonallen Llp
Address
4 BATTERYMARCH PARK SUITE 100, QUINCY, MA 02169
Preparer
Shannon Crowley
Phone
6177170831
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Question 2C

The process has not changed since last year.

Raw XML AppendixShowing 400 of 672 raw XML fields

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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IRS990/ActivityOrMissionDesc0PROPEL AMERICA EMPOWERS STUDENTS WITH THE SKILLS, EXPERIENCES, CREDENTIALS AND NETWORKS THEY NEED TO MOVE FROM HIGH SCHOOL TO A WELL-PAYING JOB WITHIN ONE YEAR, WITH OPPORTUNITIES FOR ADVANCEMENT AND HIGHER EDUCATION.
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IRS990/Form990PartVIISectionAGrp/TitleTxt2CHIEF EXTERNAL AFFAIRS OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt4VP OF CLIENT SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt5VP OF TECHNOLOGY
IRS990/Form990PartVIISectionAGrp/TitleTxt6SR. DIR. OF PRE-FELLOWSHIP PROGRAMS
IRS990/Form990PartVIISectionAGrp/TitleTxt7SENIOR DIRECTOR OF CLIENT SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt8SR. DIR. OF MARKET DEV. & STRATEGY
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR THRU 8/2024
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR A/O 7/2024
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1TUITION
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