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Nonprofiteer
← SUITUP INCORPORATED

Form 990 for tax year 2023

Filed by SUITUP INCORPORATED.

Totals

Total revenue
$1,701,669
Total expenses
$1,584,735
Contributions and grants received
$1,669,203
Grants paid
$0
Program service revenue
$44,302
Investment income
$39
Other revenue
-$11,875
Total assets, end of year
$659,204
Total liabilities, end of year
$7,159
Net assets or fund balances, end of year
$652,045
Program services expenses (Part IX)
$1,271,046
Management and general expenses
$195,243
Fundraising expenses
$118,446
Program service expenses (Part III)
$1,271,046

Program services were 80.2% 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.

  • 1c · Fundraising events

    $20,708

  • 1f · All other contributions, gifts and grants

    $1,648,495

  • 1g · Noncash contributions included above

    $5,298

  • 2a · Program service revenue: SPONSORSHIP FEES

    total $44,302 · related or exempt $44,302

  • 3 · Investment income

    total $39 · excluded $39

  • 8a · Fundraising events: gross income

    $93,326

  • 8a · Fundraising events: contributions included on line 1c

    $20,708

  • 8b · Fundraising events: direct expenses

    $105,201

  • 8c · Net income from fundraising events

    total -$11,875 · excluded -$11,875

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $83,382 · program services $64,694 · management and general $11,043 · fundraising $7,645

  • 7 · Other salaries and wages

    total $826,976 · program services $641,627 · management and general $109,524 · fundraising $75,825

  • 8 · Pension plan contributions

    total $21,848 · program services $16,951 · management and general $2,894 · fundraising $2,003

  • 9 · Other employee benefits

    total $71,610 · program services $55,560 · management and general $9,484 · fundraising $6,566

  • 10 · Payroll taxes

    total $73,564 · program services $57,076 · management and general $9,743 · fundraising $6,745

  • 11c · Fees: accounting

    total $20,050 · program services $16,594 · management and general $3,456

  • 11g · Fees: other

    total $205,159 · program services $189,152 · management and general $16,007

  • 12 · Advertising and promotion

    total $3,766 · fundraising $3,766

  • 13 · Office expenses

    total $45,362 · program services $32,559 · management and general $11,073 · fundraising $1,730

  • 14 · Information technology

    total $31,153 · program services $30,120 · management and general $1,033

  • 16 · Occupancy

    total $16,070 · program services $3,856 · management and general $1,958 · fundraising $10,256

  • 17 · Travel

    total $133,543 · program services $116,512 · management and general $17,031

  • 22 · Depreciation, depletion and amortization

    total $4,129 · program services $2,602 · management and general $1,321 · fundraising $206

  • 23 · Insurance

    total $2,111 · program services $1,329 · management and general $676 · fundraising $106

  • 24a · Other expenses: MEALS AND ENTERTAINMENT

    total $29,143 · program services $26,540 · fundraising $2,603

  • 24b · Other expenses: MATERIALS AND SUPPLIES

    total $16,869 · program services $15,874 · fundraising $995

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $508,937 · end of year $643,462

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,104

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

    $20,646

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

    $10,202

  • 10c · Land, buildings and equipment, net

    beginning of year $11,601 · end of year $10,444

  • 11 · Investments: publicly traded securities

    end of year $5,298

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,531 · end of year $7,159

  • 27 · Net assets without donor restrictions

    beginning of year $535,111 · end of year $652,045

Mission and programs · 2023

Mission

TO INCREASE CAREER READINESS FOR ALL STUDENTS THROUGH INNOVATIVE BUSINESS PLAN COMPETITIONS. SUITUP'S VISION IS TO ALIGN THE INCENTIVES OF SCHOOLS AND CORPORATIONS TO ENSURE THAT ALL STUDENTS HAVE THE ACCESS AND AWARENESS TO PURSUE THE COLLEGE AND CAREER OF THEIR CHOOSING.

  • IN 2023, SUITUP SERVED 7,665 STUDENTS AND ENGAGED 3,590 CORPORATE VOLUNTEERS IN SUITUP'S IN-PERSON AND VIRTUAL BUSINESS PROGRAMMING. SUITUP RAN 216 BUSINESS COMPETITIONS, MOCK INTERVIEWS, CAREER PANELS, AND NETWORKING FOR STUDENTS, AGES 10-18, FROM UNDERSERVED, UNDERRESOURCED, AND UNDERREPRESENTED COMMUNITIES. AFTER PARTICIPATING IN SUITUP, 95% OF STUDENTS FEEL MORE CONFIDENT IN SCHOOL AND PREPARING FOR A CAREER, 97% ENJOYED THEIR EXPERIENCE AND WANT TO PARTICIPATE AGAIN, AND 90% BELIEVE THEIR SUITUP EXPERIENCE INFLUENCED THEIR FUTURE CAREER CHOICES.

    Expenses $1,271,046 · Revenue $44,302

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lauren Reilly

    EXECUTIVE DI

    Total calculated
    $83,382
    From this org
    $83,382
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Zach Graumann

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Casey Miller

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Daniel Gluck

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Jordan Graumann

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • William Gouveia

    SECRETARY- P

    Total calculated
    $0
    Hours/week
    2
  • Andy Anderson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Sareena Brookshire

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Michael Castiglione

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Shawn Mangar

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Chris Marsicano

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Nupur Sadiwala

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Cindy Vinueza

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Charles Zhou

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Kerri Dahill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.0
Source object
202443199349313174

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