Skip to content
Nonprofiteer
← MASTERY TRANSCRIPT CONSORTIUM

Form 990 for tax year 2024

Filed by MASTERY TRANSCRIPT CONSORTIUM.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2024 , filed 6 March 2026. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$1,045,142 changed to $1,816,921
Total expenses
$874,431 changed to $1,656,960
Contributions and grants received
$915,747 changed to $1,803,643
Grants paid
$3,750 changed to $0
Program service revenue
$128,090 changed to $11,248
Other revenue
$1,305 changed to $2,030
Total assets, end of year
$1,418,581 changed to $0
Total liabilities, end of year
$750,084 changed to $0
Net assets or fund balances, end of year
$668,497 changed to $0
Program services expenses
$773,185 changed to $1,318,799
Management and general expenses
$81,092 changed to $318,504
Fundraising expenses
$20,154 changed to $19,657
Program service expenses (Part III)
$773,185 changed to $1,318,799

Listed only on the later return

  • David Rea
  • Eduardo Arteaga
  • Lisa Hicks
  • Patricia Russell
  • Susan Bell

Listed under a different title

  • Michael Flanagan: CHIEF EXECUTIVE OFFICER then CHIEF EXECUTIVE OFFICER(THROUGH 4/25)

Totals

Total revenue
$1,045,142
Total expenses
$874,431
Contributions and grants received
$915,747
Grants paid
$3,750
Program service revenue
$128,090
Investment income
$0
Other revenue
$1,305
Total assets, end of year
$1,418,581
Total liabilities, end of year
$750,084
Net assets or fund balances, end of year
$668,497
Program services expenses (Part IX)
$773,185
Management and general expenses
$81,092
Fundraising expenses
$20,154
Program service expenses (Part III)
$773,185

Program services were 88.4% 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.

  • 1b · Membership dues

    $176,145

  • 1d · Related organizations

    $676,602

  • 1e · Government grants (contributions)

    $63,000

  • 2a · Program service revenue: CONSULTING REVENUE

    total $128,090 · related or exempt $128,090

  • 11a · Other revenue: MISCELLANEOUS

    total $1,305 · related or exempt $1,305

  • 11e · Other revenue, total

    $1,305

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,750 · program services $3,750

  • 7 · Other salaries and wages

    total $353,042 · program services $327,419 · management and general $9,247 · fundraising $16,376

  • 8 · Pension plan contributions

    total $12,802 · program services $11,873 · management and general $335 · fundraising $594

  • 9 · Other employee benefits

    total $45,579 · program services $42,271 · management and general $1,194 · fundraising $2,114

  • 10 · Payroll taxes

    total $23,073 · program services $21,399 · management and general $604 · fundraising $1,070

  • 11b · Fees: legal

    total $100 · management and general $100

  • 11c · Fees: accounting

    total $10,600 · management and general $10,600

  • 11g · Fees: other

    total $120,244 · program services $82,015 · management and general $38,229

  • 13 · Office expenses

    total $10,631 · program services $1,364 · management and general $9,267

  • 17 · Travel

    total $21,839 · program services $20,739 · management and general $1,100

  • 19 · Conferences, conventions and meetings

    total $191,068 · program services $191,068

  • 22 · Depreciation, depletion and amortization

    total $76,958 · program services $68,800 · management and general $8,158

  • 24a · Other expenses: OTHER

    total $4,745 · program services $2,487 · management and general $2,258

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $52,000 · end of year $322,384

  • 4 · Accounts receivable

    beginning of year $66,102 · end of year $183,281

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,396 · end of year $12,690

  • 14 · Intangible assets

    beginning of year $872,390 · end of year $900,226

  • 17 · Accounts payable and accrued expenses

    beginning of year $308,070 · end of year $389,462

  • 19 · Deferred revenue

    beginning of year $207,032 · end of year $360,622

  • 27 · Net assets without donor restrictions

    beginning of year $224,999 · end of year $395,710

  • 28 · Net assets with donor restrictions

    beginning of year $272,787 · end of year $272,787

Mission and programs · 2024

Mission

MTC WAS FOUNDED TO ACCELERATE AND SUPPORT SECONDARY SCHOOLS' ABILITY TO PRACTICE MASTERY LEARNING AT SCALE. A GLOBAL CONSORTIUM OF INNOVATIVE PUBLIC AND PRIVATE SCHOOLS IMPLEMENTING NEW LEARNING MODELS, MTC CO-CREATES INTERACTIVE, DIGITAL TOOLS THAT BOTH EMPOWER LEARNERS TO SHOWCASE THE COMPETENCIES THEY MASTER AND ENABLE SCHOOLS TO CREDENTIAL COMPETENCY-BASED EDUCATION.

  • SUPPORTING AND ENGAGING MEMBERSHIP OF THE ORGANIZATION.

    Expenses $773,185 · Grants $3,750 · Revenue $128,090

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Valerie Greenhill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Vander Ark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laura Slover

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Tim Knowles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Gollash

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sameep Wali

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Lydia Liu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Flanagan

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $0
    Hours/week
    40

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
10 July 2025
IRS schema version
2024v5.2
Source object
202502279349301320

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.