What the amendment changed
Compared with the return it replaced , filed 15 May 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
- Total revenue
- $9,656,026 changed to $8,932,333
- Contributions and grants received
- $9,163,286 changed to $8,639,593
- Program service revenue
- $492,364 changed to $292,364
- Total assets, end of year
- $9,094,866 changed to $8,371,173
- Net assets or fund balances, end of year
- $7,234,855 changed to $6,511,162
Totals
- Total revenue
- $8,932,333
- Total expenses
- $4,862,842
- Contributions and grants received
- $8,639,593
- Grants paid
- $0
- Program service revenue
- $292,364
- Investment income
- $376
- Other revenue
- $0
- Total assets, end of year
- $8,371,173
- Total liabilities, end of year
- $1,860,011
- Net assets or fund balances, end of year
- $6,511,162
- Program services expenses (Part IX)
- $3,590,105
- Management and general expenses
- $1,146,590
- Fundraising expenses
- $126,147
- Program service expenses (Part III)
- $3,590,105
Program services were 73.8% 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.
-
1e · Government grants (contributions)
$31,320
-
1f · All other contributions, gifts and grants
$8,608,273
-
2a · Program service revenue: PROGRAM SERVICE REVENUE
total $292,364 · related or exempt $292,364
-
3 · Investment income
total $376 · unrelated business $0 · excluded $376
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$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 $0
-
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 $477,811 · program services $325,243 · management and general $152,568
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $1,054,584 · program services $798,369 · management and general $223,125 · fundraising $33,090
-
8 · Pension plan contributions
total $5,116 · program services $3,882 · management and general $1,070 · fundraising $164
-
9 · Other employee benefits
total $235,620 · program services $175,599 · management and general $54,618 · fundraising $5,403
-
10 · Payroll taxes
total $979,466 · program services $719,820 · management and general $238,292 · fundraising $21,354
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $645 · management and general $645
-
11c · Fees: accounting
total $55,539 · management and general $55,539
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $413,631 · program services $230,152 · management and general $173,479 · fundraising $10,000
-
12 · Advertising and promotion
total $8,777 · program services $5,612 · management and general $3,165
-
13 · Office expenses
total $25,228 · program services $24,367 · management and general $861
-
14 · Information technology
total $180,884 · program services $124,961 · management and general $55,923
-
15 · Royalties
total $0
-
16 · Occupancy
total $29,792 · program services $29,792
-
17 · Travel
total $63,790 · program services $42,741 · management and general $21,049
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $48,438 · management and general $2,000 · fundraising $46,438
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $413,801 · program services $413,801
-
23 · Insurance
total $15,614 · management and general $15,614
-
24a · Other expenses: STUDENT STIPENDS
total $388,036 · program services $388,036
-
24b · Other expenses: FACILITIES OTHER VENDORS
total $187,858 · program services $187,858
-
24c · Other expenses: MEALS AND ENTERTAINMENT
total $143,337 · program services $113,965 · management and general $19,674 · fundraising $9,698
-
24d · Other expenses: PROFESSIONAL LEARNING
total $128,205 · management and general $128,205
-
24e · All other expenses
total $6,670 · program services $5,907 · management and general $763
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $703,778 · end of year $570,332
-
2 · Savings and temporary cash investments
beginning of year $600,779 · end of year $2,299,809
-
3 · Pledges and grants receivable
beginning of year $1,180,300 · end of year $3,884,073
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $7,125 · end of year $0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $1,980,184 · end of year $1,616,959
-
17 · Accounts payable and accrued expenses
beginning of year $21,976 · end of year $35,827
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $150,000 · end of year $150,000
-
25 · Other liabilities
beginning of year $1,858,519 · end of year $1,674,184
-
27 · Net assets without donor restrictions
beginning of year $1,716,023 · end of year $2,462,648
-
28 · Net assets with donor restrictions
beginning of year $725,648 · end of year $4,048,514
Mission and programs · 2022
Mission
THE MARCY LAB SCHOOL HAS ONE CLEAR AND CRITICAL MISSION: TO CREATE AN ALTERNATIVE PATHWAY TO HIGH-GROWTH TECHNOLOGY CAREERS FOR YOUNG ADULTS FROM UNDERESTIMATED BACKGROUNDS. WE PROVIDE OUR STUDENTS WITH TECHNICAL TRAINING, LEADERSHIP DEVELOPMENT, AND DIRECT ACCESS TO EMPLOYMENT OPPORTUNITIES IN SOME OF THE FASTEST-GROWING SECTORS OF THE GLOBAL ECONOMY. IN DOING SO, WE CREATE ECONOMIC MOBILITY FOR OUR STUDENTS AND CREATE THE STRONGEST PIPELINE OF DIVERSE ENGINEERING TALENT IN THE COUNTRY.
Activities or mission (Part I)
We provide a direct pathway for low -income young adults to wealth-generating technology careers through rigorous technical training and leadership development.
-
OUR FLAGSHIP PROGRAM, THE SOFTWARE ENGINEERING FELLOWSHIP, IS A TRUE ALTERNATIVE TO COLLEGE, DESIGNED TO BE A DIRECT PATHWAY FOR YOUNG PEOPLE OF COLOR FROM LOW SOCIOECONOMIC BACKGROUNDS TO EMPLOYMENT AS ENTRY-LEVEL SOFTWARE ENGINEERS. THE YEAR-LONG PROGRAM STARTS WITH A DEEP DIVE INTO THE FUNDAMENTALS OF PROGRAMMING AND COMPUTER SCIENCE PAIRED WITH A PROJECT-BASED CURRICULUM THAT APPLIES THESE FUNDAMENTALS IN A REAL-WORLD CONTEXT. WE COMPLEMENT TECHNICAL TRAINING BY CULTIVATING "THE WHOLE STUDENT" THROUGH OUR LEADERSHIP DEVELOPMENT CURRICULUM, A SKILLS-BASED, EQUITY-CENTERED APPROACH TO PROFESSIONAL READINESS AND IDENTITY DEVELOPMENT. CLASSROOM TRAINING IS FOLLOWED BY A THREE-MONTH PAID APPRENTICESHIP WHERE FELLOWS SHOWCASE THEIR TALENTS BY APPLYING THEIR SKILLS AS PART OF A REAL ENGINEERING TEAM OR WORKING ON AN OPEN-SOURCE SOFTWARE PROJECT. UPON GRADUATION, OUR CAREER COUNSELORS SUPPORT FELLOWS AS THEY PURSUE OPPORTUNITIES IN THE FULL-TIME JOB MARKET. ALUMS CONTINUE TO RECEIVE CAREER COACHING AND MENTORSHIP EARLY IN THEIR CAREERS AND HAVE ACCESS TO ALUMNI ENGAGEMENT OPPORTUNITIES FOR LIFE.
Expenses $3,590,105 · Revenue $292,364
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Reuben Ogbonna
Co-Founder & Exec. Director
- Total calculated
- $147,275
- From this org
- $147,275
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Thuyan Duong
VP, Software Engineering Fello
- Total calculated
- $146,807
- From this org
- $139,010
- From related orgs
- $0
- Other
- $7,797
- Hours/week
- 40
-
Maya Bhattacharjee-Marcantonio
Co-Founder & Chief Prog. Off.
- Total calculated
- $141,450
- From this org
- $141,450
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Travis Fox
Head of Strategic Partnerships
- Total calculated
- $124,094
- From this org
- $115,644
- From related orgs
- $0
- Other
- $8,450
- Hours/week
- 40
-
Ashley Lusky
Senior Director, Finance & HR
- Total calculated
- $116,988
- From this org
- $109,241
- From related orgs
- $0
- Other
- $7,747
- Hours/week
- 40
-
Aankit Patel
Chair & Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Tyler Lambe
TREASURER as of 8/19/22
- Total calculated
- $0
- Hours/week
- 1
-
Aaron Glover
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tiffany Merriweather
Director as of 8/19/22
- Total calculated
- $0
- Hours/week
- 1
-
Robert Morse
Director as of 8/19/22
- Total calculated
- $0
- Hours/week
- 1
-
Itzel Rendon
Director thru 6/8/23
- Total calculated
- $0
- Hours/week
- 1
-
Nadja Shaw
Director
- Total calculated
- $0
- Hours/week
- 1
-
Enmanuel De La Nuez
Director thru 10/20/22
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 26 June 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441789349301334
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