Project Lead The Way Inc
- Assets
- $104.3m
- Revenue
- $65.5m
- Investments
- $0.0
- Employees
- 274
- Location
- Indianapolis, IN
- Founding
- 08/2017
- Data as of
- 06/2022
- EIN
- 36-4802935
Organization Overview
Project Lead The Way Inc is located in Indianapolis, IN. The organization was established in 2017. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Project Lead The Way Inc employed 274 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Lead The Way Inc 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 06/2022, Project Lead The Way Inc generated $65.5m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $57.7m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Project Lead The Way Inc has awarded 763 individual grants totaling $21,149,029. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROJECT LEAD THE WAY (PLTW) EMPOWERS STUDENTS TO THRIVE IN AN EVOLVING WORLD.
Describe the Organization's Program Activity:
PLTW PROVIDES A TRANSFORMATIVE LEARNING EXPERIENCE FOR PREK-12 STUDENTS AND TEACHERS ACROSS THE U.S. THROUGH OUR PATHWAYS IN COMPUTER SCIENCE, ENGINEERING, AND BIOMEDICAL SCIENCE. PLTW EMPOWERS STUDENTS TO DEVELOP IN-DEMAND KNOWLEDGE AND SKILLS NECESSARY TO THRIVE IN AN EVOLVING WORLD, AND PROVIDES TEACHERS WITH THE SUPPORT AND RESOURCES THEY NEED TO DEVOTE MORE TIME TO INSPIRING STUDENTS. PLTW STUDENTS AND TEACHERS FIND ADDITIONAL SUPPORT FROM OUR LARGER NETWORK OF PREK-12 SCHOOLS, ADMINISTRATORS COLLEGES AND UNIVERSITIES, AND CORPORATE AND PHILANTHROPIC PARTNER ACROSS THE COUNTRY UNITED AROUND A PASSION FOR PROVIDING STUDENTS WITH INSPIRING, ENGAGING, AND EMPOWERING LEARNING OPPORTUNITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vince Bertram Ed D President & CEO (end 5/22) | OfficerTrustee | 50 | $1,004,712 |
Kathleen Mote Chief Administrative Officer | Officer | 50 | $398,090 |
Maksim Altmark Chief Financial Officer | Officer | 50 | $389,566 |
David Dimmett Ed D Interim President & CEO | OfficerTrustee | 50 | $370,371 |
David Greer Chief Programs Officer | Officer | 50 | $334,069 |
Dorothy Gorman Chief Cust. Officer (end 1/22) | Officer | 50 | $307,667 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Precedent Lakeside Acquisitions Llc Building Rent | 6/29/22 | $1,101,120 |
Tactive Support Services | 6/29/22 | $969,529 |
Univ Of Kansas Center For Research Support Services | 6/29/22 | $1,651,715 |
Capitol Construction Services Inc Building Renovations | 6/29/22 | $1,045,633 |
Clever Inc Support Services | 6/29/22 | $1,032,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,047,112 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,526,569 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,573,681 |
| Total Program Service Revenue | $39,021,022 |
| Investment income | $37,835 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $712 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$641,954 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $19,437,690 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,462,690 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,165,434 |
| 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. | $4,292,988 |
| Compensation of current officers, directors, key employees. | $956,170 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,489,835 |
| Pension plan accruals and contributions | $413,687 |
| Other employee benefits | $4,826,118 |
| Payroll taxes | $1,523,425 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $219,401 |
| Fees for services: Accounting | $47,095 |
| Fees for services: Lobbying | $290,602 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,364 |
| Fees for services: Other | $8,222,777 |
| Advertising and promotion | $595,057 |
| Office expenses | $45,744 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,097,092 |
| Travel | $354,108 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,271,637 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $230,120 |
| Insurance | $129,653 |
| All other expenses | $1,106,180 |
| Total functional expenses | $57,653,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,197,740 |
| Savings and temporary cash investments | $41,219 |
| Pledges and grants receivable | $10,815,590 |
| Accounts receivable, net | $35,512,976 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $783,456 |
| Prepaid expenses and deferred charges | $6,385,396 |
| Net Land, buildings, and equipment | $4,996,899 |
| Investments—publicly traded securities | $1,614,332 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $104,347,608 |
| Accounts payable and accrued expenses | $16,274,467 |
| Grants payable | $0 |
| Deferred revenue | $28,242,598 |
| 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 | $667,709 |
| Total liabilities | $45,184,774 |
| Net assets without donor restrictions | $38,252,463 |
| Net assets with donor restrictions | $20,910,371 |
| 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 | $104,347,608 |
Grants Awarded
Over the last fiscal year, Project Lead The Way Inc has awarded $11,820,594 in support to 359 organizations.
| Grant Recipient | Amount |
|---|---|
CHICAGO PUBLIC SCHOOLS DISTRICT #299 PURPOSE: Program Implementation | $795,000 |
CONSOLIDATED SCHOOL DISTRICT NO 6 PURPOSE: Program Expansion | $500,000 |
LINCOLN PARISH SCHOOL BOARD PURPOSE: Program Expansion/Program Implementation | $385,000 |
HOUSTON INDEPENDENT SCHOOL DISTRICT PURPOSE: Program Expansion | $285,000 |
BIENVILLE PARISH SCHOOL BOARD PURPOSE: Program Implementation | $210,000 |
FORT WORTH INDEPENDENT SCHOOL DISTRICT PURPOSE: Program Implementation | $192,500 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Project Lead The Way Inc has recieved totaling $2,717,776.
| Awarding Organization | Amount |
|---|---|
One8 Foundation Boston, MA PURPOSE: EDUCATION | $1,329,330 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $530,158 |
Arconic Foundation Pittsburgh, PA PURPOSE: SCHOOL GRANTS | $300,000 |
Medtronic Communities Foundation Minneapolis, MN PURPOSE: STEM | $225,000 |
Dow Company Foundation Bay City, MI PURPOSE: COMMUNITY WELLBEING | $150,000 |
Arthur F Blanchard F Tr U Agree Pittsburgh, PA PURPOSE: GENERAL OPERATING | $100,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicago Cook Workforce Partnership Chicago, IL | $32,171,643 | $83,286,997 |
Project Lead The Way Inc Indianapolis, IN | $104,347,608 | $65,462,690 |
Aspira Inc Of Illinois Chicago, IL | $37,783,687 | $23,094,089 |
Lighthouse Academies Of Northwest Indiana Inc Gary, IN | $25,011,234 | $24,142,982 |
Riverbend Head Start Delegate Inc Alton, IL | $2,230,032 | $11,645,370 |
Edchoice Inc Indianapolis, IN | $20,542,454 | $10,117,129 |
Teachers Treasures Inc Indianapolis, IN | $1,070,406 | $9,359,257 |
Academy For Urban School Leadership Chicago, IL | $9,385,123 | $10,302,671 |
Primo Center For Women And Children Chicago, IL | $5,281,489 | $8,337,109 |
North Chicago Education Fund Chicago, IL | $29,249,144 | $33,611 |
Racine Charter One Inc Racine, WI | $5,378,275 | $6,487,272 |
Rockford Rescue Mission Ministries Rockford, IL | $21,367,986 | $9,020,470 |