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Nonprofiteer
← GREEN DOT PUBLIC SCHOOLS NATIONAL

Form 990 for tax year 2022

Filed by GREEN DOT PUBLIC SCHOOLS NATIONAL.

Totals

Total revenue
$11,699,207
Total expenses
$13,790,976
Contributions and grants received
$977,584
Grants paid
$0
Program service revenue
$10,720,550
Investment income
$1,073
Other revenue
$0
Total assets, end of year
$5,583,862
Total liabilities, end of year
$1,218,748
Net assets or fund balances, end of year
$4,365,114
Program services expenses (Part IX)
$10,114,260
Management and general expenses
$2,570,266
Fundraising expenses
$1,106,450
Program service expenses (Part III)
$10,114,260

Program services were 73.3% 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)

    $355,780

  • 1f · All other contributions, gifts and grants

    $621,804

  • 2a · Program service revenue: Shared Service Fees

    total $10,720,550 · related or exempt $10,720,550

  • 3 · Investment income

    total $1,073 · excluded $1,073

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,295,831 · program services $961,620 · management and general $334,211

  • 7 · Other salaries and wages

    total $6,217,904 · program services $5,027,671 · management and general $1,190,233

  • 8 · Pension plan contributions

    total $176,825 · program services $160,378 · management and general $16,447

  • 9 · Other employee benefits

    total $677,870 · program services $677,870

  • 10 · Payroll taxes

    total $735,955 · program services $432,024 · management and general $303,931

  • 13 · Office expenses

    total $548,914 · program services $582 · management and general $548,332

  • 16 · Occupancy

    total $230,125 · program services $183,495 · management and general $46,630

  • 22 · Depreciation, depletion and amortization

    total $643,940 · program services $513,458 · management and general $130,482

  • 24a · Other expenses: Student Services

    total $2,100,016 · program services $2,100,016

  • 24b · Other expenses: Fundraising Expense

    total $1,106,450 · fundraising $1,106,450

  • 24c · Other expenses: Materials and Supplies

    total $57,146 · program services $57,146

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,488,860 · end of year $4,008,058

  • 4 · Accounts receivable

    beginning of year $188,352 · end of year $246,907

  • 9 · Prepaid expenses and deferred charges

    beginning of year $329,537 · end of year $195,079

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

    $3,790,856

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

    $2,816,565

  • 10c · Land, buildings and equipment, net

    beginning of year $1,570,928 · end of year $974,291

  • 15 · Other assets

    beginning of year $1,543,946 · end of year $159,527

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,418,929 · end of year $1,158,343

  • 25 · Other liabilities

    beginning of year $1,245,811 · end of year $60,405

  • 27 · Net assets without donor restrictions

    beginning of year $6,372,721 · end of year $4,365,114

  • 28 · Net assets with donor restrictions

    beginning of year $84,162 · end of year $0

Mission and programs · 2022

Mission

Green Dot's mission is to help transform public education so that every child can be successful in college, leadership and life. Green Dot Public Schools National manages the development of and supports the operation of public charter schools.

Activities or mission (Part I)

To run high quality public charter schools and to support related entities.

  • Green Dot Public Schools National ("GDPS National") was originally created to provide services to Green Dot Public Schools California ("GDPS CA"), Green Dot Public Schools Tennessee ("GDPS TN"), Green Dot Public School Southeast Texas ("GDPS STX"), collectively referred to as Green Dot Regions, and United Parents and Students ("UP&S"). Specifically by obtaining and distributing philanthropic support, providing charter school facilities, providing charter school financing, providing operational or other support, designing curriculum, training and developing charter school staff, and assisting the Organization in obtaining philanthropic support, charter school facilities and charter school financing. Additionally, the Organization may engage in any activities that are reasonably related to or in furtherance of its stated public and charitable purposes, or in any other charitable activities. During the 2023 fiscal year, GDPS CA deconsolidated from GDPS National.

    Expenses $10,114,260 · Revenue $10,720,550

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Marlene Canter

    Board Chair

    Total calculated
    $0
    Hours/week
    2

  • Brad Rosenberg

    Board Secretary

    Total calculated
    $0
    Hours/week
    2

  • Roy Romer

    Director

    Total calculated
    $0
    Hours/week
    2

  • Paul Miller

    Director

    Total calculated
    $0
    Hours/week
    2

  • Timothy Wahl

    Director

    Total calculated
    $0
    Hours/week
    2

  • Carole Neal

    Director

    Total calculated
    $0
    Hours/week
    2

  • Ly Cecilia Nguyen

    Director

    Total calculated
    $0
    Hours/week
    2

  • Larry Jacobs

    Director

    Total calculated
    $0
    Hours/week
    2

  • Ronni Ephraim

    Director

    Total calculated
    $0
    Hours/week
    2

  • Dennis Miller

    Director

    Total calculated
    $0
    Hours/week
    2

  • Chad Soleo

    Chief Executive Officer

    Total calculated
    $306,704
    From this org
    $269,537
    From related orgs
    $0
    Other
    $37,167
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $269,537
    Bonus
    $0
    Other
    $0
    Deferred
    $9,667
    Nontaxable benefits
    $27,500
    Filer's total
    $306,704

  • Megan Quaile

    Chief Growth Officer

    Total calculated
    $247,795
    From this org
    $226,989
    From related orgs
    $0
    Other
    $20,806
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,989
    Bonus
    $0
    Other
    $0
    Deferred
    $9,135
    Nontaxable benefits
    $11,671
    Filer's total
    $247,795

  • Ernest Thomas

    Treasurer/Controller

    Total calculated
    $224,776
    From this org
    $183,985
    From related orgs
    $0
    Other
    $40,791
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,985
    Bonus
    $0
    Other
    $0
    Deferred
    $7,523
    Nontaxable benefits
    $33,268
    Filer's total
    $224,776

  • Ellen Charls

    Chief Operating Officer

    Total calculated
    $188,655
    From this org
    $150,417
    From related orgs
    $0
    Other
    $38,238
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,417
    Bonus
    $0
    Other
    $0
    Deferred
    $6,194
    Nontaxable benefits
    $32,044
    Filer's total
    $188,655

  • Douglas Weston

    Chief Development Officer

    Total calculated
    $228,170
    From this org
    $193,969
    From related orgs
    $0
    Other
    $34,201
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,969
    Bonus
    $0
    Other
    $0
    Deferred
    $642
    Nontaxable benefits
    $33,559
    Filer's total
    $228,170

  • Sean Thibault

    Director of Communications

    Total calculated
    $190,423
    From this org
    $164,752
    From related orgs
    $0
    Other
    $25,671
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,752
    Bonus
    $0
    Other
    $0
    Deferred
    $6,787
    Nontaxable benefits
    $18,884
    Filer's total
    $190,423

  • Jihad Mahmud

    General Counsel

    Total calculated
    $192,010
    From this org
    $161,191
    From related orgs
    $0
    Other
    $30,819
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,191
    Bonus
    $0
    Other
    $0
    Deferred
    $6,669
    Nontaxable benefits
    $24,150
    Filer's total
    $192,010

  • Ben Stratman

    Director of Finance

    Total calculated
    $172,777
    From this org
    $154,840
    From related orgs
    $0
    Other
    $17,937
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,840
    Bonus
    $0
    Other
    $0
    Deferred
    $3,413
    Nontaxable benefits
    $14,524
    Filer's total
    $172,777

  • Stanley Baratta

    Senior Philanthropic Officer

    Total calculated
    $185,130
    From this org
    $146,025
    From related orgs
    $0
    Other
    $39,105
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,025
    Bonus
    $0
    Other
    $0
    Deferred
    $6,035
    Nontaxable benefits
    $33,070
    Filer's total
    $185,130

  • Jose Jaurequi

    Director of Information Technology

    Total calculated
    $134,733
    From this org
    $114,216
    From related orgs
    $0
    Other
    $20,517
    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. 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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

The filer's explanations (Part III)

Part I, Line 3
All compensation is reviewed and set by the Board of Directors based upon local market data for similar positions and experience.

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.

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
2022
Filed
19 April 2024
IRS schema version
2022v5.0
Source object
202441149349301339

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

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