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Nonprofiteer
← CATALYST EDUCATION

Form 990 for tax year 2023

Filed by CATALYST EDUCATION.

Totals

Total revenue
$5,124,135
Total expenses
$4,023,571
Contributions and grants received
$4,518,896
Grants paid
$243,000
Program service revenue
$480,757
Investment income
$124,482
Other revenue
$0
Total assets, end of year
$6,425,245
Total liabilities, end of year
$953,029
Net assets or fund balances, end of year
$5,472,216
Program services expenses (Part IX)
$3,167,552
Management and general expenses
$651,356
Fundraising expenses
$204,663
Program service expenses (Part III)
$3,167,552

Program services were 78.7% 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.

  • 1f · All other contributions, gifts and grants

    $4,518,896

  • 2a · Program service revenue: Educational support

    total $480,757 · related or exempt $480,757

  • 3 · Investment income

    total $124,482 · excluded $124,482

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $243,000 · program services $243,000

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $676,900 · program services $435,582 · management and general $144,094 · fundraising $97,224

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,521,992 · program services $1,404,016 · management and general $85,627 · fundraising $32,349

  • 8 · Pension plan contributions

    total $72,613 · program services $67,188 · management and general $3,913 · fundraising $1,512

  • 9 · Other employee benefits

    total $121,849 · program services $102,634 · management and general $15,151 · fundraising $4,064

  • 10 · Payroll taxes

    total $156,181 · program services $131,140 · management and general $16,235 · fundraising $8,806

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $291 · management and general $291

  • 11c · Fees: accounting

    total $57,637 · management and general $57,637

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $60,000 · fundraising $60,000

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $916,461 · program services $713,709 · management and general $202,493 · fundraising $259

  • 12 · Advertising and promotion

    total $18,287 · program services $13,787 · management and general $4,500

  • 13 · Office expenses

    total $17,058 · program services $38 · management and general $16,571 · fundraising $449

  • 14 · Information technology

    total $49,449 · program services $4,081 · management and general $45,368

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $5,007 · program services $200 · management and general $4,807

  • 17 · Travel

    total $59,710 · program services $30,543 · management and general $29,167

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $26,082 · program services $21,634 · management and general $4,448

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $8,867 · management and general $8,867

  • 24a · Other expenses: Telephone

    total $11,750 · management and general $11,750

  • 24b · Other expenses: Bank Fees

    total $422 · management and general $422

  • 24c · Other expenses: Miscellaneous

    total $15 · management and general $15

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,484,925 · end of year $2,554,666

  • 2 · Savings and temporary cash investments

    beginning of year $2,000,000 · end of year $3,134,086

  • 3 · Pledges and grants receivable

    beginning of year $2,531,912 · end of year $664,000

  • 4 · Accounts receivable

    beginning of year $12,886 · end of year $70,498

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,004 · end of year $1,995

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $247,129 · end of year $238,857

  • 25 · Other liabilities

    beginning of year $2,412,946 · end of year $714,172

  • 27 · Net assets without donor restrictions

    beginning of year $2,416,169 · end of year $4,170,420

  • 28 · Net assets with donor restrictions

    beginning of year $1,955,483 · end of year $1,301,796

Mission and programs · 2023

Mission

To mobilize and leverage the collective expertise in education to strengthen schools, school systems, and education nonprofits to ensure equity and excellence for all kids.

  • OVER THIS PERIOD, CATALYST:ED HELPED 217 SCHOOLS, SCHOOL SYSTEMS, AND NONPROFITS CONNECT WITH AND LEVERAGE SPECIALIZED TECHNICAL ASSISTANCE TO BUILD ORGANIZATIONAL CAPACITY. SPECIFIC ACTIVITIES INCLUDED: (1) CONDUCTING CONSULTATIONS WITH ORGANIZATION LEADERS TO HELP THEM DIAGNOSE THEIR CHALLENGES AND IDENTIFY SPECIFIC HIGH-LEVERAGE PROJECTS WHERE THEY CAN BENEFIT FROM EXPERT HELP (2) FACILITATING CONNECTIONS WITH A CURATED LIST OF PROVIDERS WITH THE RIGHT MIX OF SKILLS AND EXPERIENCES NEEDED FOR CAPACITY BUILDING PROJECT (3) GRANTING FUNDS TO SUPPORT THE COMPLETION OF PROJECTS, AND (4) POST-PROJECT COMPLETION, CAPTURING LESSONS THROUGH OUR REFLECTION AND FEEDBACK PROCESS. TO ENABLE THIS WORK, CATALYST:ED CONTINUED TO SUPPORT ITS NETWORK OF 830 PROVIDERS. 89% PERCENT OF PROJECTS THAT WERE MATCHED IN THIS PERIOD FULLY MET THEIR GOALS AND 8% MOSTLY MET THEIR GOALS. CATALYST:ED ALSO GENERATED SEVERAL MEMOS AND REPORTS BASED ON ITS WORK TO INFORM THE FIELD.

    Expenses $3,167,552 · Grants $243,000 · Revenue $480,757

As filed on the 2023 return.

Listed in Part VII

  • Leona Christy

    CEO

    Total calculated
    $259,350
    From this org
    $235,936
    From related orgs
    $0
    Other
    $23,414
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $235,936
    Bonus
    not reported
    Other
    not reported
    Deferred
    $11,400
    Nontaxable benefits
    $12,014
    Filer's total
    $259,350

  • Rachel Klein

    Partner

    Total calculated
    $205,149
    From this org
    $192,241
    From related orgs
    $0
    Other
    $12,908
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,241
    Bonus
    $8,000
    Other
    not reported
    Deferred
    $9,650
    Nontaxable benefits
    $3,258
    Filer's total
    $205,149

  • Meladee Evans

    Partner

    Total calculated
    $193,879
    From this org
    $177,592
    From related orgs
    $0
    Other
    $16,287
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,592
    Bonus
    not reported
    Other
    not reported
    Deferred
    $9,000
    Nontaxable benefits
    $7,287
    Filer's total
    $193,879

  • Phillip Nevels

    Partner

    Total calculated
    $141,211
    From this org
    $128,506
    From related orgs
    $0
    Other
    $12,705
    Hours/week
    40

  • Rohini Thukral

    Partner

    Total calculated
    $139,894
    From this org
    $133,181
    From related orgs
    $0
    Other
    $6,713
    Hours/week
    40

  • Antonia White

    Partner

    Total calculated
    $138,506
    From this org
    $125,328
    From related orgs
    $0
    Other
    $13,178
    Hours/week
    40

  • Alisha Stewart

    Partner

    Total calculated
    $131,043
    From this org
    $118,461
    From related orgs
    $0
    Other
    $12,582
    Hours/week
    40

  • Sana Meghani

    Partner

    Total calculated
    $130,502
    From this org
    $117,322
    From related orgs
    $0
    Other
    $13,180
    Hours/week
    40

  • Jay Altman

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Aaron Walker

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Beth Rabbitt

    Director

    Total calculated
    $0
    Hours/week
    1

  • Allen Square

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kimberly Smith

    Director

    Total calculated
    $0
    Hours/week
    1

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 · 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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202541329349302064

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

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