Totals
- Total revenue
- $5,860,275
- Total expenses
- $3,270,173
- Contributions and grants received
- $5,155,817
- Grants paid
- $2,467,641
- Program service revenue
- $0
- Investment income
- $693,858
- Other revenue
- $10,600
- Total assets, end of year
- $13,351,375
- Total liabilities, end of year
- $13,708
- Net assets or fund balances, end of year
- $13,337,667
- Program services expenses (Part IX)
- $2,939,080
- Management and general expenses
- $217,436
- Fundraising expenses
- $113,657
- Program service expenses (Part III)
- $2,939,080
Program services were 89.9% 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
$5,155,817
-
1g · Noncash contributions included above
$1,164,770
-
3 · Investment income
total $588,103 · excluded $588,103
-
7a · Gross sales of assets other than inventory
securities $1,156,461
-
7b · Less cost or other basis and sales expenses
securities $1,050,706
-
7c · Gain or loss
securities $105,755
-
7d · Net gain or loss
total $105,755 · excluded $105,755
-
8a · Fundraising events: gross income
$13,576
-
8b · Fundraising events: direct expenses
$2,976
-
8c · Net income from fundraising events
total $10,600 · excluded $10,600
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,467,641 · program services $2,467,641
-
7 · Other salaries and wages
total $215,297 · program services $64,589 · management and general $75,354 · fundraising $75,354
-
10 · Payroll taxes
total $18,111 · program services $5,433 · management and general $6,339 · fundraising $6,339
-
11b · Fees: legal
total $13,793 · management and general $13,793
-
11c · Fees: accounting
total $71,658 · management and general $71,658
-
11g · Fees: other
total $383,511 · program services $333,897 · management and general $25,600 · fundraising $24,014
-
12 · Advertising and promotion
total $1,100 · program services $669 · management and general $314 · fundraising $117
-
13 · Office expenses
total $6,067 · program services $4,910 · management and general $1,097 · fundraising $60
-
14 · Information technology
total $7,602 · program services $7,602
-
16 · Occupancy
total $50,398 · program services $30,724 · management and general $14,411 · fundraising $5,263
-
17 · Travel
total $20,946 · program services $20,946
-
23 · Insurance
total $7,172 · program services $2,152 · management and general $2,510 · fundraising $2,510
-
24a · Other expenses: SELLING EXPENSE - MERCH
total $5,169 · management and general $5,169
-
24b · Other expenses: TAXES & LICENSES
total $1,041 · management and general $1,041
-
24c · Other expenses: POSTAGE AND SHIPPING
total $517 · program services $517
-
24d · Other expenses: BANK FEES
total $150 · management and general $150
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $865,411 · end of year $827,302
-
2 · Savings and temporary cash investments
beginning of year $9,717,419 · end of year $11,740,609
-
4 · Accounts receivable
beginning of year $426,251 · end of year $772,800
-
9 · Prepaid expenses and deferred charges
beginning of year $4,274 · end of year $3,550
-
14 · Intangible assets
beginning of year -$977 · end of year $0
-
15 · Other assets
beginning of year $7,114 · end of year $7,114
-
17 · Accounts payable and accrued expenses
beginning of year $45,936 · end of year $13,708
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $10,973,556 · end of year $13,337,667
Mission and programs · 2024
Mission
SEE SCHEDULE O
Activities or mission (Part I)
TO DEBUNK MYTHS AND MISPERCEPTIONS ABOUT THE SKILLED TRADES AND CLOSE THE SKILLS GAP.
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $2,353,641 · Grants $2,353,641
-
IN 2024, 32 HIGH SCHOOLS AND 23 COLLEGES IN 18+ STATES IMPLEMENTED THE WORK ETHIC CURRICULUM, A MODULAR 12-HOUR, 12-LESSON COURSE. BY THE END OF THE YEAR, WE ISSUED 2,495 CERTIFICATIONS, WITH A TOTAL OF MORE THAN 6,700+ CERTIFICATIONS SINCE WE DEVELOPED THE CURRICULUM IN 2019.
Expenses $156,297
-
THE FOUNDATION CONTINUALLY EXPANDS AND MAINTAINS ITS WEBSITE WHICH SERVES AS THE MARKETING AND COMMUNICATION VEHICLE FOR THE FOUNDATION AND IS CRITICAL IN NOT ONLY BRINGING ATTENTION TO THE SKILLS GAP PROBLEM BUT ALSO IN CONTINUING ITS FUNDRAISING EFFORTS.
Expenses $429,142 · Grants $114,000
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.
Listed in Part VII
-
Michael G RoweMICHAEL G ROWE
CEO AND CFO
- Total calculated
- $0
- Hours/week
- 5 + 35 related
-
Mary SullivanMARY SULLIVAN
PRESIDENT AND COO
- Total calculated
- $0
- Hours/week
- 5 + 35 related
-
Kimberly EstradaKIMBERLY ESTRADA
VICE PRESIDENT AND SECRETA
- Total calculated
- $0
- Hours/week
- 10 + 30 related
-
Charles L KlausmeyerCHARLES L KLAUSMEYER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 10 + 30 related
-
Denise LongarzoDENISE LONGARZO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Michael DeganMICHAEL DEGAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Helen WongHELEN WONG
BOARD MEMBER
- 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
-
AMERICAN EDUCATION ASSISTANCE FOUNDATION INC
$2,353,641
SCHOLARSHIP GRANT
-
$54,000
SCHOLARSHIP GRANT
-
$50,000
SCHOLARSHIP GRANT
-
ALLIANCE FOR CHOICE IN EDUCATION
$10,000
SCHOLARSHIP GRANT
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 11 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503189349311155
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