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Nonprofiteer
← DUET INC

Form 990 for tax year 2023

Filed by DUET INC.

Totals

Total revenue
$3,178,366
Total expenses
$5,024,021
Contributions and grants received
$1,373,855
Grants paid
$488,671
Program service revenue
$1,548,892
Investment income
$180,619
Other revenue
$75,000
Total assets, end of year
$4,284,649
Total liabilities, end of year
$775,197
Net assets or fund balances, end of year
$3,509,452
Program services expenses (Part IX)
$4,510,125
Management and general expenses
$398,725
Fundraising expenses
$115,171
Program service expenses (Part III)
$4,510,125

Program services were 89.8% 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.

  • 1f · All other contributions, gifts and grants

    $1,373,855

  • 2a · Program service revenue: PROGRAM FEES

    total $1,548,892 · related or exempt $1,548,892

  • 3 · Investment income

    total $180,619 · excluded $180,619

  • 11a · Other revenue: CONSULTING

    total $75,000 · related or exempt $75,000

  • 11e · Other revenue, total

    $75,000

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $488,671 · program services $488,671

  • 5 · Compensation of officers, directors and key employees

    total $670,099 · program services $563,551 · management and general $53,274 · fundraising $53,274

  • 7 · Other salaries and wages

    total $2,405,250 · program services $2,274,786 · management and general $93,217 · fundraising $37,247

  • 9 · Other employee benefits

    total $350,942 · program services $340,028 · management and general $10,914

  • 10 · Payroll taxes

    total $225,133 · program services $205,354 · management and general $12,855 · fundraising $6,924

  • 11c · Fees: accounting

    total $24,273 · management and general $24,273

  • 11g · Fees: other

    total $154,897 · program services $145,965 · management and general $8,662 · fundraising $270

  • 13 · Office expenses

    total $58,854 · program services $9,841 · management and general $48,846 · fundraising $167

  • 14 · Information technology

    total $123,911 · program services $40,107 · management and general $83,804

  • 16 · Occupancy

    total $458,269 · program services $415,019 · management and general $25,961 · fundraising $17,289

  • 22 · Depreciation, depletion and amortization

    total $26,803 · program services $26,803

  • 23 · Insurance

    total $19,348 · management and general $19,348

  • 24a · Other expenses: BAD DEBT

    total $16,753 · management and general $16,753

  • 24b · Other expenses: MISCELLANEOUS

    total $818 · management and general $818

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $877,580 · end of year $110,671

  • 2 · Savings and temporary cash investments

    beginning of year $2,773,684 · end of year $3,130,235

  • 3 · Pledges and grants receivable

    beginning of year $1,517,647 · end of year $72,568

  • 4 · Accounts receivable

    beginning of year $217,600 · end of year $310,601

  • 9 · Prepaid expenses and deferred charges

    beginning of year $118,385 · end of year $122,865

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

    $434,614

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

    $398,771

  • 10c · Land, buildings and equipment, net

    beginning of year $62,646 · end of year $35,843

  • 14 · Intangible assets

    beginning of year $843,877 · end of year $501,866

  • 17 · Accounts payable and accrued expenses

    beginning of year $186,921 · end of year $258,374

  • 25 · Other liabilities

    beginning of year $869,391 · end of year $516,823

  • 27 · Net assets without donor restrictions

    beginning of year $3,837,460 · end of year $3,290,635

  • 28 · Net assets with donor restrictions

    beginning of year $1,517,647 · end of year $218,817

Mission and programs · 2023

Mission

DUETS MISSION IS TO HELP COLLEGE STUDENTS EARN DEGREES BY PROVIDING SUPPORT AND COACHING.

  • DUET PROVIDES ENROLLMENT, DEGREE, AND CAREER COACHING, AND SUPPORT FOR STUDENTS ENROLLED IN CERTAIN COMPETENCY BASED PROGRAMS AT SOUTHERN NEW HAMPSHIRE UNIVERSITY. MOST STUDENTS ARE WORKING ADULTS WHO HAVE TRIED COLLEGE IN THE PAST. IN FISCAL YEAR 2024, DUET WORKED DIRECTLY WITH MORE THAN 600 STUDENTS WHO WERE ENROLLED IN SOUTHERN NEW HAMPSHIRE UNIVERSITY.

    Expenses $4,510,125 · Grants $488,671 · Revenue $1,548,892

As filed on the 2023 return.

Listed in Part VII

  • Michael Larsson

    PRESIDENT &

    Total calculated
    $181,482
    From this org
    $161,956
    From related orgs
    $0
    Other
    $19,526
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,956
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $19,526
    Filer's total
    $181,482

  • Michele Carroll

    SECR/TREAS/C

    Total calculated
    $163,626
    From this org
    $155,790
    From related orgs
    $0
    Other
    $7,836
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,790
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $7,836
    Filer's total
    $163,626

  • Jahfree Duncan

    SR DIR DEGRE

    Total calculated
    $150,343
    From this org
    $143,435
    From related orgs
    $0
    Other
    $6,908
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,435
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $6,908
    Filer's total
    $150,343

  • Elizabeth Pimentel

    CHIEF EXT RE

    Total calculated
    $150,294
    From this org
    $136,350
    From related orgs
    $0
    Other
    $13,944
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,350
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $13,944
    Filer's total
    $150,294

  • Mary Leviner

    SR DIR STUDE

    Total calculated
    $135,398
    From this org
    $118,391
    From related orgs
    $0
    Other
    $17,007
    Hours/week
    40

  • Khaleel Shreet

    SR COACH & M

    Total calculated
    $108,627
    From this org
    $108,036
    From related orgs
    $0
    Other
    $591
    Hours/week
    40

  • Julie Swerdlow Albino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thabiti Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stig Leschly

    CHAIR

    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. 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 · Written employment contract
  • 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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
10 February 2025
IRS schema version
2023v6.0
Source object
202510429349301546

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