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Nonprofiteer
← PROJECT LEAD THE WAY INC

Form 990 for tax year 2024

Filed by PROJECT LEAD THE WAY INC.

Totals

Total revenue
$64,522,286
Total expenses
$70,518,191
Contributions and grants received
$14,773,287
Grants paid
$6,283,039
Program service revenue
$34,399,031
Investment income
$2,349,717
Other revenue
$13,000,251
Total assets, end of year
$94,176,658
Total liabilities, end of year
$35,052,769
Net assets or fund balances, end of year
$59,123,889
Program services expenses (Part IX)
$58,838,247
Management and general expenses
$10,254,827
Fundraising expenses
$1,425,117
Program service expenses (Part III)
$58,838,247

Program services were 83.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $264,413

  • 1f · All other contributions, gifts and grants

    $14,508,874

  • 2a · Program service revenue: PROGRAM PARTICIPATION FEES

    total $24,803,676 · related or exempt $24,803,676

  • 2b · Program service revenue: TRAINING PROGRAM SERVICE REVENUE

    total $8,808,793 · related or exempt $8,808,793

  • 2c · Program service revenue: OTHER PROGRAM SERVICE REVENUE

    total $786,562 · related or exempt $786,562

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $2,130,321 · excluded $2,130,321

  • 5 · Royalties

    total $729 · excluded $729

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $39,703,676 · other assets $4,000

  • 7b · Less cost or other basis and sales expenses

    securities $39,481,516 · other assets $6,764

  • 7c · Gain or loss

    securities $222,160 · other assets -$2,764

  • 7d · Net gain or loss

    total $219,396 · excluded $219,396

  • 10a · Gross sales of inventory

    $48,558,857

  • 10b · Cost of goods sold

    $35,610,017

  • 10c · Net income from sales of inventory

    total $12,948,840 · related or exempt $12,948,840

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $50,682 · related or exempt $50,682

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $50,682

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,283,039 · program services $6,283,039

  • 5 · Compensation of officers, directors and key employees

    total $1,897,173 · program services $1,480,538 · management and general $358,370 · fundraising $58,265

  • 7 · Other salaries and wages

    total $25,764,477 · program services $20,106,374 · management and general $4,866,833 · fundraising $791,270

  • 8 · Pension plan contributions

    total $2,479,806 · program services $1,998,725 · management and general $404,676 · fundraising $76,405

  • 9 · Other employee benefits

    total $4,937,178 · program services $3,979,367 · management and general $805,692 · fundraising $152,119

  • 10 · Payroll taxes

    total $2,041,140 · program services $1,625,431 · management and general $353,722 · fundraising $61,987

  • 11b · Fees: legal

    total $198,363 · management and general $198,363

  • 11c · Fees: accounting

    total $79,638 · management and general $79,638

  • 11d · Fees: lobbying

    total $173,093 · management and general $173,093

  • 11f · Fees: investment management

    total $57,348 · management and general $57,348

  • 11g · Fees: other

    total $14,498,122 · program services $12,336,619 · management and general $2,068,095 · fundraising $93,408

  • 12 · Advertising and promotion

    total $1,804,646 · program services $1,622,745 · management and general $101,943 · fundraising $79,958

  • 13 · Office expenses

    total $347,576 · program services $318,123 · management and general $26,265 · fundraising $3,188

  • 16 · Occupancy

    total $144,071 · program services $129,664 · management and general $12,966 · fundraising $1,441

  • 17 · Travel

    total $1,367,964 · program services $1,167,662 · management and general $169,119 · fundraising $31,183

  • 19 · Conferences, conventions and meetings

    total $5,232,302 · program services $4,960,482 · management and general $241,591 · fundraising $30,229

  • 22 · Depreciation, depletion and amortization

    total $507,019 · program services $456,317 · management and general $45,632 · fundraising $5,070

  • 23 · Insurance

    total $149,168 · program services $134,251 · management and general $13,425 · fundraising $1,492

  • 24a · Other expenses: END OF COURSE ASSESSMENTS

    total $1,448,574 · program services $1,376,145 · management and general $72,429

  • 24b · Other expenses: COMMUNICATIONS EXEPENSE

    total $417,142 · program services $335,715 · management and general $69,319 · fundraising $12,108

  • 24c · Other expenses: OTHER EXPENSES

    total $396,622 · program services $302,060 · management and general $72,211 · fundraising $22,351

  • 24d · Other expenses: EMPLOYEE PROFESSIONAL DEV

    total $207,080 · program services $160,309 · management and general $44,765 · fundraising $2,006

  • 24e · All other expenses

    total $86,650 · program services $64,681 · management and general $19,332 · fundraising $2,637

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,211,035 · end of year $7,299,158

  • 2 · Savings and temporary cash investments

    beginning of year $10,145,164 · end of year $11,784,343

  • 3 · Pledges and grants receivable

    beginning of year $9,503,201 · end of year $8,240,106

  • 4 · Accounts receivable

    beginning of year $29,880,002 · end of year $25,703,239

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $637,245 · end of year $1,022,287

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,469,495 · end of year $10,494,763

  • 10a · Land, buildings and equipment: cost or other basis

    $7,944,871

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,677,229

  • 10c · Land, buildings and equipment, net

    beginning of year $6,636,689 · end of year $6,267,642

  • 11 · Investments: publicly traded securities

    beginning of year $31,694,442 · end of year $23,365,120

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,201,849 · end of year $7,578,948

  • 19 · Deferred revenue

    beginning of year $29,178,741 · end of year $27,246,783

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $147,503 · end of year $227,038

  • 27 · Net assets without donor restrictions

    beginning of year $43,210,063 · end of year $32,801,799

  • 28 · Net assets with donor restrictions

    beginning of year $21,439,117 · end of year $26,322,090

Mission and programs · 2024

Mission

PROJECT LEAD THE WAY (PLTW) EMPOWERS STUDENTS TO THRIVE IN AN EVOLVING WORLD.

  • PLTW PROVIDES A TRANSFORMATIVE LEARNING EXPERIENCE FOR PREK-12 STUDENTS AND TEACHERS ACROSS THE U.S. THROUGH OUR PATHWAYS IN COMPUTER SCIENCE, ENGINEERING, BIOMEDICAL SCIENCE AND MATH. 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.

    Expenses $58,838,247 · Grants $6,283,039 · Revenue $47,398,553

As filed on the 2024 return.

Listed in Part VII

  • Chris Bradshaw

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • David Dimmett EdD

    PRESIDENT & CEO

    Total calculated
    $748,859
    From this org
    $672,287
    From related orgs
    $0
    Other
    $76,572
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $591,387
    Bonus
    $80,900
    Other
    $0
    Deferred
    $44,000
    Nontaxable benefits
    $32,572
    Filer's total
    $748,859

  • Eunice Heath

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • James Rahn

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Adele Braxton-Fields

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Charles Johnson-Bey PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Gabriela Gonzalez PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Kurt Liebich

    PAST BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Zuheir Shahwan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Samuel Adams

    CHIEF FINANCIAL OFFICER

    Total calculated
    $431,012
    From this org
    $371,005
    From related orgs
    $0
    Other
    $60,007
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $352,350
    Bonus
    $18,655
    Other
    $0
    Deferred
    $25,330
    Nontaxable benefits
    $34,677
    Filer's total
    $431,012

  • Lisa Seay

    CHIEF TALENT OFFICER

    Total calculated
    $375,864
    From this org
    $320,991
    From related orgs
    $0
    Other
    $54,873
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $305,081
    Bonus
    $15,910
    Other
    $0
    Deferred
    $12,402
    Nontaxable benefits
    $42,471
    Filer's total
    $375,864

  • Samuel Cox

    CHIEF OPS & LOGISTICS OFFICER

    Total calculated
    $336,437
    From this org
    $282,539
    From related orgs
    $0
    Other
    $53,898
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $268,384
    Bonus
    $14,155
    Other
    $0
    Deferred
    $27,447
    Nontaxable benefits
    $26,451
    Filer's total
    $336,437

  • Brian Greiwe

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $344,470
    From this org
    $289,576
    From related orgs
    $0
    Other
    $54,894
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $275,073
    Bonus
    $14,503
    Other
    $0
    Deferred
    $28,370
    Nontaxable benefits
    $26,524
    Filer's total
    $344,470

  • Catherine Minihan

    CHIEF IMPACT OFFICER

    Total calculated
    $385,536
    From this org
    $316,731
    From related orgs
    $0
    Other
    $68,805
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $300,938
    Bonus
    $15,793
    Other
    $0
    Deferred
    $26,365
    Nontaxable benefits
    $42,440
    Filer's total
    $385,536

  • Joel Kupperstein

    CHIEF PRODUCT OFFICER

    Total calculated
    $380,811
    From this org
    $317,393
    From related orgs
    $0
    Other
    $63,418
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $292,277
    Bonus
    $25,116
    Other
    $0
    Deferred
    $29,306
    Nontaxable benefits
    $34,112
    Filer's total
    $380,811

  • John Williams

    CHIEF CUSTOMER OFFICER

    Total calculated
    $132,911
    From this org
    $117,164
    From related orgs
    $0
    Other
    $15,747
    Hours/week
    50

  • Matthew Voors

    CHIEF LEGAL & COMPL. OFFICER

    Total calculated
    $340,088
    From this org
    $308,458
    From related orgs
    $0
    Other
    $31,630
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $293,545
    Bonus
    $14,913
    Other
    $0
    Deferred
    $29,172
    Nontaxable benefits
    $2,458
    Filer's total
    $340,088

  • Kathleen Mote

    EVP & Chief Strategy Officer (END 4/24)

    Total calculated
    $328,685
    From this org
    $304,612
    From related orgs
    $0
    Other
    $24,073
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $126,612
    Bonus
    $0
    Other
    $178,000
    Deferred
    $9,310
    Nontaxable benefits
    $14,763
    Filer's total
    $328,685

  • Leah Brown

    EVP & Chief Customer Officer (END 6/24)

    Total calculated
    $175,171
    From this org
    $158,107
    From related orgs
    $0
    Other
    $17,064
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $158,107
    Bonus
    $0
    Other
    $0
    Deferred
    $15,757
    Nontaxable benefits
    $1,307
    Filer's total
    $175,171

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4a SEVERANCE OR CHANGE-OF-CONTROL PAYMENT
KATHLEEN MOTE RECEIVED A SEVERANCE PAYMENT IN 2024. THE AMOUNT IS INCLUDED IN COLUMN B(III).
Schedule J, Part I, Line 7 NONFIXED PAYMENTS
THE ORGANIZATION IMPLEMENTED A LONG-TERM INCENTIVE PLAN EFFECTIVE JULY 1, 2022, THROUGH JUNE 30, 2025, DESIGNED TO REWARD ACHIEVEMENT OF ORGANIZATIONAL PERFORMANCE GOALS BASED ON PREDEFINED METRICS. DUE TO EVOLVING ECONOMIC AND MARKET CONDITIONS, THESE METRICS WERE ADJUSTED, AND THE ORGANIZATION CONCLUDED THE PLAN IN DECEMBER 2024. THE PLTW BOARD OF DIRECTORS APPROVED BOTH THE CONCLUSION OF THE PLAN AND A DISCRETIONARY PAYOUT TO ALL ELIGIBLE TEAM MEMBERS WHICH REFLECTED ORGANIZATIONAL PERFORMANCE ACHIEVED UP TO THAT POINT. THE PAYMENTS SHOWN IN PART II, COLUMN B, REPRESENT A PAYOUT RECEIVED FROM THIS PROGRAM.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • Bridgeton Public School District

    $285,000

    Program Implementation

  • Davenport Community School District

    $150,000

    Program Implementation

  • Brownsville Independent School District

    $150,000

    Program Implementation

  • Chicago Public School District #299

    $145,000

    Program Implementation

  • Spring Independent School District

    $120,000

    Program Implementation

  • Sand Springs Schools

    $90,000

    Program Expansion

  • Elkhorn Area School District

    $85,000

    Program Expansion

  • Burlington Area School District

    $80,000

    Program Expansion

  • Appleton Area School District

    $80,000

    Program Implementation

  • Fresno Unified School District

    $80,000

    Program Implementation

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PLTW ASSESSMENTS INC

    C Corporation · EDUCATION SER · IN · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by PLTW

  • PLTW CONNECTIONS INC

    C Corporation · EDUCATION SER · IN · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by PLTW

  • PLTW HOLDINGS INC

    C Corporation · EDUCATION SER · IN · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by PLTW

  • PLTW FOUNDATION INC

    C Corporation · EDUCATION SER · IN · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by PLTW

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.1
Source object
202513189349305261

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