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Nonprofiteer
← TRANSCEND INC

Form 990 for tax year 2024

Filed by TRANSCEND INC.

Totals

Total revenue
$33,899,215
Total expenses
$30,187,081
Contributions and grants received
$26,949,211
Grants paid
$185,500
Program service revenue
$4,902,053
Investment income
$2,047,951
Other revenue
$0
Total assets, end of year
$50,449,209
Total liabilities, end of year
$1,310,713
Net assets or fund balances, end of year
$49,138,496
Program services expenses (Part IX)
$26,576,824
Management and general expenses
$2,634,021
Fundraising expenses
$976,236
Program service expenses (Part III)
$26,576,824

Program services were 88.0% 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)

    $1,490,522

  • 1f · All other contributions, gifts and grants

    $25,458,689

  • 1g · Noncash contributions included above

    $3,000,000

  • 2a · Program service revenue: PROJECT REVENUE

    total $4,902,053 · related or exempt $4,902,053

  • 3 · Investment income

    total $1,690,253 · excluded $1,690,253

  • 7a · Gross sales of assets other than inventory

    securities $43,311,017

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

    securities $42,953,319

  • 7c · Gain or loss

    securities $357,698

  • 7d · Net gain or loss

    total $357,698 · excluded $357,698

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $185,500 · program services $185,500

  • 5 · Compensation of officers, directors and key employees

    total $2,379,784 · program services $1,514,201 · management and general $555,343 · fundraising $310,240

  • 7 · Other salaries and wages

    total $16,418,473 · program services $15,024,645 · management and general $898,184 · fundraising $495,644

  • 8 · Pension plan contributions

    total $485,289 · program services $443,737 · management and general $26,874 · fundraising $14,678

  • 9 · Other employee benefits

    total $1,769,270 · program services $1,635,061 · management and general $94,518 · fundraising $39,691

  • 10 · Payroll taxes

    total $1,510,241 · program services $1,341,995 · management and general $112,263 · fundraising $55,983

  • 11b · Fees: legal

    total $77,583 · management and general $77,583

  • 11c · Fees: accounting

    total $96,250 · management and general $96,250

  • 11e · Fees: professional fundraising services

    total $60,000 · fundraising $60,000

  • 11f · Fees: investment management

    total $79,598 · management and general $79,598

  • 11g · Fees: other

    total $3,718,923 · program services $3,582,477 · management and general $136,446

  • 13 · Office expenses

    total $611,600 · program services $313,012 · management and general $298,588

  • 14 · Information technology

    total $41,981 · program services $2,539 · management and general $39,442

  • 16 · Occupancy

    total $7,419 · program services $5,812 · management and general $1,607

  • 17 · Travel

    total $1,704,904 · program services $1,606,384 · management and general $98,520

  • 23 · Insurance

    total $51,508 · management and general $51,508

  • 24a · Other expenses: EVENTS

    total $708,322 · program services $708,172 · management and general $150

  • 24b · Other expenses: PROF. DEVELOPMENT

    total $267,046 · program services $204,246 · management and general $62,800

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $10,514 · program services $9,043 · management and general $1,471

  • 24d · Other expenses: RECRUITMENT

    total $2,876 · management and general $2,876

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $106,723 · end of year $86,208

  • 2 · Savings and temporary cash investments

    beginning of year $28,288,785 · end of year $32,013,402

  • 3 · Pledges and grants receivable

    beginning of year $4,794,625 · end of year $1,659,062

  • 4 · Accounts receivable

    beginning of year $1,297,403 · end of year $1,066,907

  • 8 · Inventories for sale or use

    beginning of year $3,932 · end of year $3,026

  • 9 · Prepaid expenses and deferred charges

    beginning of year $139,379 · end of year $186,726

  • 11 · Investments: publicly traded securities

    beginning of year $11,361,094 · end of year $15,433,878

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,336,113 · end of year $1,258,460

  • 19 · Deferred revenue

    beginning of year $39,667 · end of year $52,253

  • 27 · Net assets without donor restrictions

    beginning of year $33,249,342 · end of year $44,360,298

  • 28 · Net assets with donor restrictions

    beginning of year $11,366,819 · end of year $4,778,198

Mission and programs · 2024

Mission

TRANSCEND SUPPORTS COMMUNITIES TO CREATE AND SPREAD EXTRAORDINARY LEARNING FOR ALL.

  • TRANSCEND IS A NATIONAL NONPROFIT THAT HELPS COMMUNITIES REIMAGINE AND REDESIGN SCHOOLS SO EVERY YOUNG PERSON CAN THRIVE IN A RAPIDLY CHANGING WORLD. ACROSS THE COUNTRY, COMMUNITIES ARE RECOGNIZING THAT CLASSROOMS BUILT FOR THE INDUSTRIAL AGE AREN'T PREPARING LEARNERS FOR WHAT'S NEXT. SCHOOLS MUST BE DESIGNED FOR CONTINUOUS EVOLUTION. WE'VE PARTNERED WITH HUNDREDS OF SCHOOLS AND DISTRICTS TO BUILD CAPACITY FOR BOLD, LASTING CHANGE. FROM THIS WORK, WE DEVELOP AND SHARE TOOLS, RESEARCH, AND MODELS THAT HELP SCHOOLS EVERYWHERE MAKE THE LEAP TO EXTRAORDINARY LEARNING.

    Expenses $26,576,824 · Grants $185,500 · Revenue $4,902,053

As filed on the 2024 return.

Listed in Part VII

  • Aylon Samouha

    CEO

    Total calculated
    $501,110
    From this org
    $432,349
    From related orgs
    $0
    Other
    $68,761
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $432,349
    Bonus
    $0
    Other
    $0
    Deferred
    $23,000
    Nontaxable benefits
    $45,761
    Filer's total
    $501,110
  • Jeffrey Wetzler

    CO-FOUNDER

    Total calculated
    $478,075
    From this org
    $411,469
    From related orgs
    $0
    Other
    $66,606
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $411,469
    Bonus
    $0
    Other
    $0
    Deferred
    $20,500
    Nontaxable benefits
    $46,106
    Filer's total
    $478,075
  • Vanessa Rodriguez

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Angel Morales

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Trevor Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Stacey Childress

    DIRECTOR (UNTIL 10/24)

    Total calculated
    $0
    Hours/week
    1
  • Greg Dunn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Deb Sawch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bror Saxberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Gisele Shorter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Diane Tavenner

    DIRECTOR (UNTIL 05/25)

    Total calculated
    $0
    Hours/week
    1
  • Adeola Whitney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Vanessa Mendoza

    COO, SECRETARY

    Total calculated
    $288,152
    From this org
    $226,876
    From related orgs
    $0
    Other
    $61,276
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,876
    Bonus
    $0
    Other
    $0
    Deferred
    $22,997
    Nontaxable benefits
    $38,279
    Filer's total
    $288,152
  • Kathleen Bowen

    CHIEF PORTFOLIOS OFFICER

    Total calculated
    $281,300
    From this org
    $249,099
    From related orgs
    $0
    Other
    $32,201
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $249,099
    Bonus
    $0
    Other
    $0
    Deferred
    $22,996
    Nontaxable benefits
    $9,205
    Filer's total
    $281,300
  • Arielle Kinder

    CHIEF PARTNERSHIPS OFFICER

    Total calculated
    $324,998
    From this org
    $269,295
    From related orgs
    $0
    Other
    $55,703
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $269,295
    Bonus
    $0
    Other
    $0
    Deferred
    $23,000
    Nontaxable benefits
    $32,703
    Filer's total
    $324,998
  • Lavada Berger

    CHIEF PORTFOLIOS OFFICER

    Total calculated
    $276,913
    From this org
    $254,519
    From related orgs
    $0
    Other
    $22,394
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $254,519
    Bonus
    $0
    Other
    $0
    Deferred
    $200
    Nontaxable benefits
    $22,194
    Filer's total
    $276,913
  • Cynthia Robinson-Rivers

    MANAGING PARTNER

    Total calculated
    $263,337
    From this org
    $213,001
    From related orgs
    $0
    Other
    $50,336
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,001
    Bonus
    $0
    Other
    $0
    Deferred
    $21,835
    Nontaxable benefits
    $28,501
    Filer's total
    $263,337
  • Josh Edelman

    CHIEF NETWORK OFFICER

    Total calculated
    $296,185
    From this org
    $284,349
    From related orgs
    $0
    Other
    $11,836
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $284,349
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,836
    Filer's total
    $296,185
  • Taina Torres

    MANAGING PARTNER

    Total calculated
    $249,384
    From this org
    $211,047
    From related orgs
    $0
    Other
    $38,337
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,047
    Bonus
    $0
    Other
    $0
    Deferred
    $556
    Nontaxable benefits
    $37,781
    Filer's total
    $249,384
  • Ross Lipstein

    CHIEF PRODUCTS OFFICER

    Total calculated
    $255,333
    From this org
    $197,012
    From related orgs
    $0
    Other
    $58,321
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,012
    Bonus
    $0
    Other
    $0
    Deferred
    $13,709
    Nontaxable benefits
    $44,612
    Filer's total
    $255,333
  • Nikolaus Namba

    MANAGING PARTNER

    Total calculated
    $239,962
    From this org
    $196,314
    From related orgs
    $0
    Other
    $43,648
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,314
    Bonus
    $0
    Other
    $0
    Deferred
    $1,200
    Nontaxable benefits
    $42,448
    Filer's total
    $239,962
  • Jenn Charlot

    MANAGING PARTNER

    Total calculated
    $268,184
    From this org
    $224,552
    From related orgs
    $0
    Other
    $43,632
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,552
    Bonus
    $0
    Other
    $0
    Deferred
    $23,000
    Nontaxable benefits
    $20,632
    Filer's total
    $268,184

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 · Form 990 of other organizations
  • 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

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

  • ARIZONA STATE UNIVERSITY

    $185,500

    ENHANCING TRANSPARENCY AND USABILITY IN A NATIONAL DATASET OF SCHOOLS PURSUING EQUITABLE STUDENT CENTERED INNOVATIONS

Provenance

Return type
form_990
Tax year
2024
Filed
5 February 2026
IRS schema version
2024v5.5
Source object
202620379349301227

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