Get Schooled Foundation
- Assets
- $2.7m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 17
- Location
- New York, NY
- Founding
- 11/2010
- Data as of
- 12/2023
- EIN
- 27-2245578
Organization Overview
Get Schooled Foundation is located in New York, NY. The organization was established in 2010. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, Get Schooled Foundation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Get Schooled Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Get Schooled Foundation generated $2.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
GET SCHOOLED HELPS YOUNG PEOPLE TO GET TO COLLEGE, FIND FIRST JOBS, AND SUCCEED IN BOTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Sutphen Chair & Director | OfficerTrustee | 2 | $0 |
Carl D Folta Director | Trustee | 0.5 | $0 |
Heidi Naunton Director | Trustee | 1 | $0 |
Crystal Barnes Director | Trustee | 0.5 | $0 |
Dr Mike Munoz Director | Trustee | 0.5 | $0 |
Jonathan Garcia Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hyfn (Nexstar) Technology Consultant | 12/30/18 | $368,696 |
Writ Large Llc Marketing Consultants | 12/30/18 | $102,716 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $495 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,264,594 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,290,089 |
| Total Program Service Revenue | $307,400 |
| Investment income | $6,479 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,603,968 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $287,957 |
| Compensation of current officers, directors, key employees. | $47,096 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,101,177 |
| Pension plan accruals and contributions | $42,369 |
| Other employee benefits | $80,784 |
| Payroll taxes | $112,630 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $250 |
| Fees for services: Accounting | $43,940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $160,773 |
| Advertising and promotion | $93,088 |
| Office expenses | $77,347 |
| Information technology | $327,565 |
| Royalties | $0 |
| Occupancy | $1,878 |
| Travel | $20,409 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $82,089 |
| Total functional expenses | $2,432,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,278,110 |
| Savings and temporary cash investments | $1,000,000 |
| Pledges and grants receivable | $307,490 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $96,082 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,681,682 |
| Accounts payable and accrued expenses | $126,674 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $126,674 |
| Net assets without donor restrictions | $1,232,832 |
| Net assets with donor restrictions | $1,322,176 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,681,682 |