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Nonprofiteer
← PROPEL EDUCATION

Form 990 for tax year 2022

Filed by PROPEL EDUCATION.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , 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
$731,270 changed to $12,655,421
Total expenses
$8,815,698 changed to $17,868,201
Contributions and grants received
$179,994 changed to $11,585,808
Grants paid
$925,843 changed to $1,457,077
Program service revenue
$541,629 changed to $950,454
Investment income
$9,647 changed to $119,159
Total assets, end of year
$32,212,884 changed to $32,011,290
Total liabilities, end of year
$3,140,338 changed to $8,151,524
Net assets or fund balances, end of year
$29,072,546 changed to $23,859,766
Program services expenses
$6,998,485 changed to $15,180,303
Management and general expenses
$1,303,656 changed to $2,430,646
Fundraising expenses
$513,557 changed to $257,252
Program service expenses (Part III)
$6,998,485 changed to $15,180,303

Listed only on the earlier return

  • Nichole Francis Reynolds

Listed only on the later return

  • Charles Gibbs
  • Cortney Harris
  • Hae-Sin Kim Thomas
  • Juanita Reynolds
  • Julie Sills Mollock
  • Lige Shao
  • Nichole Francis-Reynolds
  • Sherrie Deans

Listed under a different title

  • Lisa Doyle: VICE PRESIDENT, FINANCE then VP OF FINANCE

Totals

Total revenue
$731,270
Total expenses
$8,815,698
Contributions and grants received
$179,994
Grants paid
$925,843
Program service revenue
$541,629
Investment income
$9,647
Other revenue
$0
Total assets, end of year
$32,212,884
Total liabilities, end of year
$3,140,338
Net assets or fund balances, end of year
$29,072,546
Program services expenses (Part IX)
$6,998,485
Management and general expenses
$1,303,656
Fundraising expenses
$513,557
Program service expenses (Part III)
$6,998,485

Program services were 79.4% 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)

    $154,969

  • 1f · All other contributions, gifts and grants

    $25,025

  • 2a · Program service revenue: SERVICE FEE INCOME

    total $541,629 · related or exempt $541,629

  • 3 · Investment income

    total $9,647 · excluded $9,647

  • 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 $925,843 · program services $925,843

  • 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 $372,776 · program services $319,735 · management and general $38,836 · fundraising $14,205

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $2,631,074 · program services $2,256,705 · management and general $274,106 · fundraising $100,263

  • 8 · Pension plan contributions

    total $19,334 · program services $16,583 · management and general $2,014 · fundraising $737

  • 9 · Other employee benefits

    total $214,784 · program services $184,223 · management and general $22,376 · fundraising $8,185

  • 10 · Payroll taxes

    total $206,277 · program services $176,926 · management and general $21,490 · fundraising $7,861

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $594,803 · management and general $594,803

  • 11c · Fees: accounting

    total $101,023 · management and general $101,023

  • 11d · Fees: lobbying

    total $300,000 · program services $174,557 · management and general $13,342 · fundraising $112,101

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $666,836 · program services $409,934 · management and general $27,325 · fundraising $229,577

  • 12 · Advertising and promotion

    total $1,036,230 · program services $970,882 · management and general $30,348 · fundraising $35,000

  • 13 · Office expenses

    total $50,134 · program services $46,932 · management and general $3,123 · fundraising $79

  • 14 · Information technology

    total $126,039 · program services $108,432 · management and general $17,607

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $406,915 · program services $287,569 · management and general $119,346

  • 17 · Travel

    total $217,221 · program services $201,217 · management and general $10,675 · fundraising $5,329

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $212,806 · program services $212,517 · management and general $69 · fundraising $220

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $240,224 · program services $214,699 · management and general $25,525

  • 23 · Insurance

    total $0

  • 24a · Other expenses: PROGRAM, PRODUCT DESIGN & DEV

    total $248,022 · program services $248,022

  • 24b · Other expenses: SCHOOL IMPROVEMENTS

    total $230,976 · program services $230,976

  • 24c · Other expenses: INSTRUCTIONAL DEVICES & EQUIP

    total $14,381 · program services $12,733 · management and general $1,648

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $21,348,192 · end of year $17,732,503

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $15,000,000 · end of year $7,500,000

  • 4 · Accounts receivable

    beginning of year $731,756 · end of year $1,213,385

  • 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 $19,650 · end of year $74,317

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

    $5,778,318

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

    $585,639

  • 10c · Land, buildings and equipment, net

    beginning of year $4,036,212 · end of year $5,192,679

  • 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 $0 · end of year $500,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,943,593 · end of year $3,040,690

  • 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 $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $35,243 · end of year $99,648

  • 27 · Net assets without donor restrictions

    beginning of year $2,243,773 · end of year $1,988,314

  • 28 · Net assets with donor restrictions

    beginning of year $34,913,201 · end of year $27,084,232

Mission and programs · 2022

Mission

EDUCATION FARM ("ED FARM") EQUIPS EDUCATORS IN SCHOOLS AND COMMMUNITIES WITH INNOVATIVE TOOLS AND STRATEGIES THAT SUPPORT ACTIVE LEARNING FOR ALL STUDENTS. PROPEL HAS A MISSION TO PROVIDE HBCU STUDENTS WITH THE KNOWLEDGE, SKILLS, TOOLS AND RESOURCES NECESSARY TO TRANSFORM OUR NATION'S TALENT PIPELINE AND WORKFORCE. ED FARMS PROVIDES PLACE-BASED AND VIRTUAL INSTRUCTIONAL SERVICES, RESOURCES, TECHNOLOGY AND WORKFORCE READINESS TRAINING TO INDIVIDUALS OF ALL AGES. PROGRAMS ARE INTENDED FOR K-12 EDUCATORS & STUDENTS, COLLEGE STUDENTS, FACULTY & STAFF, UN- OR UNDER-EMPLOYED ADULT LEARNERS, AS WELL AS EDUCATION TECHNOLOGY INNOVATORS AND ENTREPRENEURS. PROPEL CONNECTS HBCU STUDENTS WITH INDUSTRY PARTNERS.

Activities or mission (Part I)

EDUCATION FARM ("ED FARM") EQUIPS EDUCATORS IN SCHOOLS AND COMMMUNITIES WITH INNOVATIVE TOOLS THAT SUPPORT ACTIVE LEARNING FOR ALL STUDENTS.

  • K-12 EDUCATIONAL SUPPORT: TEACHER FELLOWS PROGRAM: SCHOOL DISTRICT LEADERS AND ADMINISTRATORS PARTNER WITH ED FARM TO IDENTIFY EDUCATORS WHO ARE PASSIONATE ABOUT INNOVATIVE TEACHING AND LEARNING. THESE EDUCATORS FORM AN ANNUAL COHORT KNOWN AS "TEACHER FELLOWSED FARM EQUIPS THEM WITH INNOVATIVE RESOURCES AND TEACHING STRATEGIES THAT SUPPORT ACTIVE LEARNING FOR ALL STUDENTS. TEACHER FELLOWS ALSO COLLABORATE WITH ONE ANOTHER AND PROVIDE PROFESSIONAL LEARNING EXPERIENCES FOR OTHER TEACHERS IN THEIR SCHOOLS AND DISTRICTS. STUDENT FELLOWS PROGRAM: MIDDLE AND HIGH SCHOOL STUDENTS PARTICIPATE IN YEAR-LONG, CHALLENGE-BASED LEARNING EXPERIENCES DESIGNED TO SOLVE REAL COMMUNITY PROBLEMS. AT THE BEGINNING OF EACH EXPERIENCE, COMMUNITY LEADERS IDENTIFY A CHALLENGE AND INVITE STUDENT FELLOWS TO SOLVE IT DURING THE SCHOOL YEAR. STUDENTS WORK TOGETHER TO INVESTIGATE THE CHALLENGE, BUILD DIGITAL SKILLS AND CREATE ACTIONABLE SOLUTIONS. STUDENT FELLOWS PRESENT THEIR SOLUTIONS TO THE COMMUNITY AT THE END OF THE YEAR.

    Expenses $2,459,432 · Revenue $333,879

  • COMMUNITY DIGITAL SKILLS GRANTS: FUNDS 'KIDS CODING'BIRMINGHAM CAN CODE' PROGRAMS WHICH ENCOURAGE, INSPIRE AND IGNITE CHILDREN AND ADULTS TO DISCOVER AND EXPLORE TECHNOLOGY, LEARN TO CODE AND PURSUE STEM CAREERS. GRANTS SERVE TO HELP ED FARM ACHIEVE ITS GOALS OF EXPANDING THE REGION'S TECHNOLOGY ECOSYSTEM. PATHWAYS: FREE COURSES FOR ADULT LEARNERS THAT TEACHES DIGITAL SKILLS, APP CODING, EMPLOYABILITY SKILLS AND POST-SECONDARY CREDENTIAL ATTAINMENT.

    Expenses $103,247 · Grants $35,843 · Revenue $207,750

  • PROPEL: PROPEL CENTER IS IN THE PLANNING PHASES. IT IS A PHYSICAL AND VIRTUAL CAMPUS TO PROVIDE HISTORICALLY BLACK COLLEGES AND UNIVERSITIES (HBCU) WITH SHARED SERVICES TO SUPPORT THEIR WORK OF PREPARING LEADERS WHO IMPROVE OUR WORLD. VIA A PHYSICAL CAMPUS AND DIGITAL LEARNING TOOLS, STUDENTS FROM ALL 101 HBCUS WILL CONNECT WITH THE BRIGHTEST MINDS IN THE WORLD, BE GIVEN GLOBAL OPPORTUNITIES AND DEVELOP INTO CIVIC-MINDED LEADERS AND ENTREPRENEURS. IN 2021, PROPEL AWARDED $3M IN IMPACT GRANTS TO HBCUS FOR PROJECTS THAT PROVIDE STUDENT CAREER EXPERIENCES, ALIGNED TO REAL PRODUCT DEVELOPMENT AND RESEARCH, WITH INDUSTRY PROFESSIONALS, HBCU FACULTY FELLOWS AND NON-PROFIT PARTNERS.

    Expenses $4,216,149 · Grants $890,000

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

Listed in Part VII

  • Anthony Oni

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Jay Brandrup

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • John Hudson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lamell McMorris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Myla Calhoun

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nichole Francis Reynolds

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Waymond Jackson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    40

  • Eugene Wade

    CEO

    Total calculated
    $0
    Hours/week
    40

  • Lisa Doyle

    VICE PRESIDENT, FINANCE

    Total calculated
    $0
    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.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • PROPEL CENTER LLC

    SUPPORT · AL · income $0 · assets $0

    Directly controlled by ED FARM

  • PROPEL BUILD LLC

    SUPPORT · AL · income $0 · assets $0

    Directly controlled by ED FARM

  • ED FARM LLC

    SUPPORT · AL · income $0 · assets $0

    Directly controlled by ED FARM

  • ED FARM OPERATIONS LLC

    SUPPORT · AL · income $0 · assets $0

    Directly controlled by ED FARM

  • PROPEL HOLDINGS LLC

    SUPPORT · GA · income $0 · assets $0

    Directly controlled by ED FARM

  • PROPEL OPERATIONS LLC

    SUPPORT · GA · income $0 · assets $0

    Directly controlled by ED FARM

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2023
IRS schema version
2022v5.0
Source object
202301339349300900

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