Form 990 for tax year 2023
Filed by INCHARGE EDUCATION FOUNDATION INC.
Totals
- Total revenue
- $7,406,036
- Total expenses
- $6,015,204
- Contributions and grants received
- $0
- Grants paid
- $0
- Program services expenses (Part IX)
- $4,973,323
- Management and general expenses
- $1,041,881
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,973,323
Program services were 82.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
RICHARD ANDERSON
TRUSTEE UNTIL MARCH
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
JAMES HARRIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
ROBERT GALL
TRUSTEE AS OF JUNE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
TIM BLYTHE
TRUSTEE AS OF JUNE
- Total calculated
- $0
- Hours/week
- 1
-
WILLIAM R MALSEED
PRESIDENT UNTIL MAY
- Total calculated
- $140,202
- From this org
- $0
- From related orgs
- $129,815
- Other
- $10,387
- Hours/week
- 3 + 42 related
-
ETTA W MONEY
SECRETARY/TREASURER UNTIL MAY
- Total calculated
- $239,213
- From this org
- $0
- From related orgs
- $214,007
- Other
- $25,206
- Hours/week
- 3 + 47 related
Schedule J breakdown matched by us
- Base
- $0 + $176,507 related
- Bonus
- $0 + $35,000 related
- Other
- $0 + $2,500 related
- Deferred
- $0 + $17,786 related
- Nontaxable benefits
- $0 + $7,420 related
- Filer's total
- $0 + $239,213 related
-
SEIJI SHIRAISHI
DIR. OF ACCOUNTING AND FINANCE
- Total calculated
- $166,024
- From this org
- $101,554
- From related orgs
- $35,219
- Other
- $29,251
- Hours/week
- 7 + 38 related
Schedule J breakdown matched by us
- Base
- $98,554 + $35,219 related
- Bonus
- $0
- Other
- $3,000
- Deferred
- $6,361
- Nontaxable benefits
- $22,890
- Filer's total
- $130,805 + $35,219 related
-
LORETTA RONEY
PRESIDENT & CEO AS OF JUNE
- Total calculated
- $233,225
- From this org
- $0
- From related orgs
- $224,219
- Other
- $9,006
- Hours/week
- 9 + 36 related
Schedule J breakdown matched by us
- Base
- $0 + $220,719 related
- Bonus
- $0
- Other
- $0 + $3,500 related
- Deferred
- $0 + $3,365 related
- Nontaxable benefits
- $0 + $5,641 related
- Filer's total
- $0 + $233,225 related
-
KAREN CARLSON
SR. DIR. OF EDUC/DIG. MKT.
- Total calculated
- $219,541
- From this org
- $188,874
- From related orgs
- $0
- Other
- $30,667
- Hours/week
- 11 + 34 related
Schedule J breakdown matched by us
- Base
- $169,314
- Bonus
- $13,560
- Other
- $6,000
- Deferred
- $7,555
- Nontaxable benefits
- $23,112
- Filer's total
- $219,541
-
SHAWN WALSH
SR. DIR. OF BUSINESS DEV.
- Total calculated
- $186,576
- From this org
- $154,226
- From related orgs
- $0
- Other
- $32,350
- Hours/week
- 9 + 36 related
Schedule J breakdown matched by us
- Base
- $141,206
- Bonus
- $7,020
- Other
- $6,000
- Deferred
- $9,305
- Nontaxable benefits
- $23,045
- Filer's total
- $186,576
-
RICARDO VIERA
SR. DIR. OF INFORMATION TECH.
- Total calculated
- $189,055
- From this org
- $158,659
- From related orgs
- $0
- Other
- $30,396
- Hours/week
- 9 + 36 related
Schedule J breakdown matched by us
- Base
- $149,659
- Bonus
- $3,000
- Other
- $6,000
- Deferred
- $7,560
- Nontaxable benefits
- $22,836
- Filer's total
- $189,055
-
ROBERT SMITH
MS SQL DATABASE & BI DEVELOPER
- Total calculated
- $118,534
- From this org
- $105,062
- From related orgs
- $0
- Other
- $13,472
- Hours/week
- 1 + 45 related
-
AHMED MOYEEN
SR. SOFTWARE ENGINEER
- Total calculated
- $134,570
- From this org
- $119,213
- From related orgs
- $0
- Other
- $15,357
- Hours/week
- 1 + 45 related
-
BILLY SEXTON
NETWORK ADMINISTRATOR
- Total calculated
- $137,817
- From this org
- $122,273
- From related orgs
- $0
- Other
- $15,544
- Hours/week
- 1 + 45 related
-
SHERANA BAKHSH
BUS. SYS. ANALYST/QA LEAD
- Total calculated
- $120,946
- From this org
- $113,018
- From related orgs
- $0
- Other
- $7,928
- Hours/week
- 1 + 45 related
-
MONETTE P MUDIE
SR. SOFTWARE ENGINEER
- Total calculated
- $130,429
- From this org
- $110,597
- From related orgs
- $0
- Other
- $19,832
- Hours/week
- 1 + 45 related
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 — 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
- 4b · Supplemental nonqualified retirement plan
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 4B
- THE ORGANIZATION HAS A TAX-EXEMPT 457(B) DEFERRED COMPENSATION PLAN FOR CERTAIN KEY EXECUTIVES. A PORTION OF THE PARTICIPATING EXECUTIVES' COMPENSATION IS DEFERRED. PER IRS REQUIREMENTS, ALL PLAN AMOUNTS MUST BE SUBJECT TO THE CLAIMS OF IDS' CREDITORS, AND AS SUCH, A DEFERRED COMPENSATION ASSET AND CORRESPONDING DEFERRED LIABILITY ARE INCLUDED IN THE STATEMENTS OF FINANCIAL POSITION. DURING 2023, PARTICIPANTS IN THE PLAN INCLUDED ETTA W. MONEY AND WILLIAM R. MALSEED. INCLUDED IN SCHEDULE J, COLUMN (C) ARE AMOUNTS DEFERRED DURING 2023 AND EARNINGS ON AMOUNTS DEFERRED.
- PART I, LINE 7
- THE NON-FIXED PAYMENTS REPRESENT NOMINAL AMOUNTS GRANTED BY THE BOARD OF TRUSTEES IN RECOGNITION OF ANNUAL GOAL ACHIEVEMENTS AS SPECIFIED IN THE STRATEGIC PLAN.
- PART I, QUESTION 3:
- A SEPARATE BOARD APPOINTED COMPENSATION COMMITTEE OF INCHARGE DEBT SOLUTIONS DETERMINES THE SALARY OF THE OFFICERS AND KEY EMPLOYEES OF INCHARGE EDUCATION FOUNDATION, INC. ON AN ANNUAL BASIS. SALARY COMPARABILITY DATA AND PERFORMANCE IS REVIEWED AS THE BASIS FOR OFFICER COMPENSATION ANNUALLY. ON A REGULAR BASIS, AN INDEPENDENT COMPENSATION CONSULTANT MAY BE USED TO PERFORM A COMPENSATION SURVEY OR STUDY. KEY EMPLOYEES MAY RECEIVE SALARY INCREASES BASED ON AN EVALUATION OF PERFORMANCE. PERIODICALLY, KEY EMPLOYEES' SALARIES ARE COMPARED TO MARKET DATA. THE LAST COMPENSATION REVIEW WAS CONDUCTED IN FEBRUARY OF 2023.
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
INCHARGE INSTITUTE OF AMERICA INC
501(C)(3) · GENERAL AND ADMINISTRATIVE SUPPORT SERVICES · DE
-
501(C)(3) · FINANCIAL COUNSELING · NV
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 29 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423049349300442
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