Totals
- Total revenue
- $2,390,347
- Total expenses
- $1,821,916
- Contributions and grants received
- $1,866,172
- Grants paid
- $0
- Program service revenue
- $369,493
- Investment income
- $132,417
- Other revenue
- $22,265
- Total assets, end of year
- $3,749,241
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $3,749,241
- Program services expenses (Part IX)
- $1,542,802
- Management and general expenses
- $128,519
- Fundraising expenses
- $150,595
- Program service expenses (Part III)
- $1,542,802
Program services were 84.7% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$1,866,172
-
1g · Noncash contributions included above
$0
-
2f · All other program service revenue
total $369,493 · related or exempt $369,493 · unrelated business $0 · excluded $0
-
3 · Investment income
total $132,417 · related or exempt $132,417 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11d · All other revenue
total $22,265 · related or exempt $22,265 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$22,265
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $0 · program services $0
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $643,001 · program services $517,951 · management and general $28,600 · fundraising $96,450
-
7 · Other salaries and wages
total $689,165 · program services $647,957 · management and general $37,833 · fundraising $3,375
-
9 · Other employee benefits
total $47,057 · program services $44,318 · management and general $2,739
-
10 · Payroll taxes
total $268,726 · program services $194,672 · management and general $33,745 · fundraising $40,309
-
11c · Fees: accounting
total $10,489 · management and general $10,489
-
11g · Fees: other
total $6,001 · program services $3,901 · management and general $1,200 · fundraising $900
-
12 · Advertising and promotion
total $19,747 · program services $19,747
-
13 · Office expenses
total $667 · management and general $667
-
14 · Information technology
total $9,839 · program services $6,395 · management and general $1,968 · fundraising $1,476
-
15 · Royalties
total $0
-
16 · Occupancy
total $30,580 · program services $19,877 · management and general $6,116 · fundraising $4,587
-
17 · Travel
total $3,436 · program services $2,322 · management and general $588 · fundraising $526
-
23 · Insurance
total $8,164 · program services $5,307 · management and general $1,633 · fundraising $1,224
-
24a · Other expenses: Business Expenses
total $9,240 · program services $6,006 · management and general $1,848 · fundraising $1,386
-
24b · Other expenses: Postage
total $14,730 · program services $14,730 · management and general $0 · fundraising $0
-
24c · Other expenses: Background Checks
total $13,089 · program services $13,089 · management and general $0 · fundraising $0
-
24d · Other expenses: Printing of Logo Items
total $42,530 · program services $42,530 · management and general $0 · fundraising $0
-
24e · All other expenses
total $5,455 · program services $4,000 · management and general $1,093 · fundraising $362
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $3,262,674 · end of year $3,577,365
-
4 · Accounts receivable
beginning of year $83,438 · end of year $92,163
-
11 · Investments: publicly traded securities
beginning of year $58,378 · end of year $80,468
-
15 · Other assets
beginning of year -$755 · end of year -$755
-
17 · Accounts payable and accrued expenses
beginning of year $150,802
-
22 · Loans and payables to officers and key people
beginning of year $10,755
-
25 · Other liabilities
beginning of year $0
-
27 · Net assets without donor restrictions
beginning of year $3,242,178 · end of year $3,749,241
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2023
Mission
UStrive democratizes access to social capital so that individuals can achieve their college and career dreams. We do this by connecting mentees to mentors through our virtual mentoring platform and providing other resources to support learners on their college and career journeys.
-
UStrive is achieving our mission of helping individuals achieve their college and career dreams. Over 90% of UStrive students who want to go to college do so. Up to 92% of UStrive students at four-year colleges or universities persist to the next year, and 73% of those at two-year institutions do so. Additionally, UStrive publishes and distributes our I'm First! Guide to College across the US.
Expenses $1,542,802 · Revenue $2,390,347
As filed on the 2023 return.
Listed in Part VII
-
Michael J Carter
CEO and President
- Total calculated
- $524,622
- From this org
- $524,622
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $524,622
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $524,622
-
Eric Chen
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Leslie Bluhm
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Jennifer Pritchard
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Martin Wong
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Jacob Stiglitz
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Mark Hanthro
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Erich Mauff
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Connie Lurie
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Raj Bhattacharyya
Board Member
- Total calculated
- $0
- Hours/week
- 0
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
None.
Answered no
- 4a · Severance or change-of-control payment
- 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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 27 August 2024
- IRS schema version
- 2023v5.0
- Source object
- 202402899349301200
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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