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Nonprofiteer
← COOP CAREERS INC

Form 990 for tax year 2023

Filed by COOP CAREERS INC.

Totals

Total revenue
$12,130,404
Total expenses
$12,354,856
Contributions and grants received
$12,038,806
Grants paid
$0
Program service revenue
$40,000
Investment income
$10,779
Other revenue
$40,819
Total assets, end of year
$7,618,298
Total liabilities, end of year
$583,211
Net assets or fund balances, end of year
$7,035,087
Program services expenses (Part IX)
$9,052,104
Management and general expenses
$2,547,317
Fundraising expenses
$755,435
Program service expenses (Part III)
$9,052,104

Program services were 73.3% 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

    $12,038,806

  • 1g · Noncash contributions included above

    $200,000

  • 2a · Program service revenue: Program Service Fees

    total $40,000 · related or exempt $40,000

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $2,411 · excluded $2,411

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $208,368

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

    securities $200,000

  • 7c · Gain or loss

    securities $8,368 · other assets $0

  • 7d · Net gain or loss

    total $8,368 · excluded $8,368

  • 11a · Other revenue: Miscellaneous

    total $28,841 · excluded $28,841

  • 11b · Other revenue: Insurance Refund

    total $11,978 · excluded $11,978

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $40,819

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $957,478 · program services $746,833 · management and general $114,897 · fundraising $95,748

  • 7 · Other salaries and wages

    total $7,039,353 · program services $5,666,791 · management and general $837,372 · fundraising $535,190

  • 9 · Other employee benefits

    total $1,575,884 · program services $1,268,027 · management and general $254,629 · fundraising $53,228

  • 10 · Payroll taxes

    total $788,854 · program services $634,747 · management and general $127,462 · fundraising $26,645

  • 11b · Fees: legal

    total $77,076 · management and general $77,076

  • 11c · Fees: accounting

    total $106,260 · management and general $106,260

  • 11g · Fees: other

    total $958,048 · program services $208,192 · management and general $749,483 · fundraising $373

  • 12 · Advertising and promotion

    total $149,455 · program services $14,481 · management and general $132,112 · fundraising $2,862

  • 13 · Office expenses

    total $52,908 · program services $25,304 · management and general $27,604

  • 14 · Information technology

    total $217,170 · program services $217,170

  • 16 · Occupancy

    total $110,951 · program services $76,416 · management and general $34,167 · fundraising $368

  • 17 · Travel

    total $72,859 · program services $29,822 · management and general $39,206 · fundraising $3,831

  • 19 · Conferences, conventions and meetings

    total $86,809 · program services $72,566 · management and general $2,966 · fundraising $11,277

  • 23 · Insurance

    total $91,619 · program services $51,452 · management and general $37,991 · fundraising $2,176

  • 24a · Other expenses: Other

    total $70,132 · program services $40,303 · management and general $6,092 · fundraising $23,737

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,089,313 · end of year $4,062,467

  • 4 · Accounts receivable

    beginning of year $3,439,874 · end of year $3,455,988

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $105,433 · end of year $94,842

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

    $29,552

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

    $29,552

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $6,352 · end of year $5,001

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $379,953 · end of year $583,211

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $3,123,659 · end of year $2,090,919

  • 28 · Net assets with donor restrictions

    beginning of year $4,137,360 · end of year $4,944,168

Mission and programs · 2023

Mission

Building a movement of diverse, upwardly mobile college grads overcoming underemployment through digital skills and peer connections.

  • THE ORGANIZATION OPERATES AN APPRENTICESHIP PROGRAM DESIGNED TO OVERCOME UNEMPLOYMENT AND UNDEREMPLOYMENT AMONG MINORITY AND FIRST GENERATION COLLEGE GRADUATES. The program is offered to recent college graduates and college seniors, free of charge, with the goal of building "hard" skills as well as "soft skills" through a formal curriculum. The program combines classroom instruction with project-based workshops meant to develop real world experience. The hard skills portion focuses on teaching skills relevant to the digital economy such as proficiency in Microsoft Excel, Google Ads & Analytics, Salesforce, SQL, HTML, and Tableau, and other skills relevant to other career fields. The "soft skills" portion of the Program focuses on teaching skills such as career navigation, networking, resume and cover letter writing, email etiquette and communication.

    Expenses $9,052,104 · Revenue $40,000

As filed on the 2023 return.

Listed in Part VII

  • Anthony Tamer

    Chairman, Director

    Total calculated
    $0
    Hours/week
    1

  • Ghislain Gouraige

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Kalani Leifer

    CEO, Executive Director

    Total calculated
    $189,764
    From this org
    $177,068
    From related orgs
    $0
    Other
    $12,696
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,068
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $12,696
    Filer's total
    $189,764

  • Katherine Farley

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ken Chenault

    Director

    Total calculated
    $0
    Hours/week
    1

  • Raymond Debbane

    Director

    Total calculated
    $0
    Hours/week
    1

  • Russell Carson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tanya Barnes

    Director

    Total calculated
    $0
    Hours/week
    1

  • Markus Ward

    Chief Revenue Officer (Termed 12/31/2023)

    Total calculated
    $215,721
    From this org
    $203,025
    From related orgs
    $0
    Other
    $12,696
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,025
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $12,696
    Filer's total
    $215,721

  • Pareen Kohlhaas

    Chief Operating Officer

    Total calculated
    $233,681
    From this org
    $176,157
    From related orgs
    $0
    Other
    $57,524
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,157
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $57,524
    Filer's total
    $233,681

  • Samalie Ahanonu

    Chief Program Officer

    Total calculated
    $198,052
    From this org
    $198,052
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,052
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $198,052

  • Abraham Greenhouse

    Senior Director of Technology (Termed 12/31/2023)

    Total calculated
    $148,972
    From this org
    $136,276
    From related orgs
    $0
    Other
    $12,696
    Hours/week
    40

  • Ariana Baldomero

    Senior Director of Talent

    Total calculated
    $144,559
    From this org
    $130,863
    From related orgs
    $0
    Other
    $13,696
    Hours/week
    40

  • Darlene Perry-O'Neill

    Senior Director of Program (Began 03/06/2023)

    Total calculated
    $105,240
    From this org
    $101,808
    From related orgs
    $0
    Other
    $3,432
    Hours/week
    40

  • Patrick Ma

    Managing Director of Finance and Operations (Began 01/01/2023)

    Total calculated
    $189,176
    From this org
    $152,749
    From related orgs
    $0
    Other
    $36,427
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,749
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $36,427
    Filer's total
    $189,176

  • Sarah Wessel

    Senior Director of Partnerships

    Total calculated
    $180,101
    From this org
    $126,224
    From related orgs
    $0
    Other
    $53,877
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,224
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $53,877
    Filer's total
    $180,101

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202443189349303894

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