Totals
- Total revenue
- $10,446,492
- Total expenses
- $7,777,839
- Contributions and grants received
- $8,470,721
- Grants paid
- $0
- Program service revenue
- $1,963,669
- Investment income
- $12,102
- Other revenue
- $0
- Total assets, end of year
- $8,409,410
- Total liabilities, end of year
- $156,642
- Net assets or fund balances, end of year
- $8,252,768
- Program services expenses (Part IX)
- $6,827,526
- Management and general expenses
- $649,622
- Fundraising expenses
- $300,691
- Program service expenses (Part III)
- $6,827,526
Program services were 87.8% 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.
-
1f · All other contributions, gifts and grants
$8,470,721
-
2a · Program service revenue: DESIGN SERVICE
total $1,963,669 · related or exempt $1,963,669
-
3 · Investment income
total $12,102 · excluded $12,102
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $604,826 · program services $528,909 · management and general $40,332 · fundraising $35,585
-
7 · Other salaries and wages
total $2,719,021 · program services $2,383,284 · management and general $175,674 · fundraising $160,063
-
8 · Pension plan contributions
total $58,132 · program services $49,705 · management and general $5,025 · fundraising $3,402
-
9 · Other employee benefits
total $213,236 · program services $182,325 · management and general $18,431 · fundraising $12,480
-
10 · Payroll taxes
total $260,284 · program services $234,581 · management and general $8,549 · fundraising $17,154
-
11b · Fees: legal
total $25,480 · program services $22,596 · management and general $1,523 · fundraising $1,361
-
11c · Fees: accounting
total $136,430 · management and general $136,430
-
11g · Fees: other
total $154,897 · program services $135,041 · management and general $5,139 · fundraising $14,717
-
12 · Advertising and promotion
total $174,778 · program services $137,266 · management and general $24,005 · fundraising $13,507
-
13 · Office expenses
total $162,000 · program services $64,774 · management and general $90,603 · fundraising $6,623
-
14 · Information technology
total $48,810 · program services $41,253 · management and general $2,675 · fundraising $4,882
-
16 · Occupancy
total $69,600 · program services $59,357 · management and general $3,690 · fundraising $6,553
-
17 · Travel
total $135,127 · program services $24,394 · management and general $94,671 · fundraising $16,062
-
19 · Conferences, conventions and meetings
total $2,911,028 · program services $2,911,028
-
23 · Insurance
total $8,713 · management and general $8,713
-
24a · Other expenses: PROFESSIONAL DEVELOPMEN
total $89,446 · program services $48,607 · management and general $33,214 · fundraising $7,625
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $6,031 · program services $4,406 · management and general $948 · fundraising $677
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,249,015 · end of year $1,425,937
-
2 · Savings and temporary cash investments
beginning of year $4,344,681 · end of year $6,020,911
-
3 · Pledges and grants receivable
end of year $954,524
-
4 · Accounts receivable
beginning of year $155,200
-
9 · Prepaid expenses and deferred charges
beginning of year $2,238 · end of year $2,238
-
10a · Land, buildings and equipment: cost or other basis
$29,030
-
10b · Land, buildings and equipment: accumulated depreciation
$29,030
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $5,800 · end of year $5,800
-
17 · Accounts payable and accrued expenses
beginning of year $172,819 · end of year $156,642
-
27 · Net assets without donor restrictions
beginning of year $2,162,514 · end of year $2,466,151
-
28 · Net assets with donor restrictions
beginning of year $3,421,601 · end of year $5,786,617
Mission and programs · 2022
Mission
TO DESIGN AND TEST NEW MODELS TO HELP HIGHER EDUCATION ADAPT AS QUICKLY AS THE ECONOMY CHANGES, BY PARTNERING WITH HIGHER EDUCATION INSTITUTIONS, INNOVATORS AND EMPLOYERS.
-
THE ORGANIZATION PROACTIVELY IDENTIFIES GAPS IN THE EDUCATION-TO-WORK ECOSYSTEM THAT REQUIRE NEXT GENERATION SOLUTIONS. THE ORGANIZATION PUTS TOGETHER PARTNERS, FUNDERS AND INSTITUTIONS TO TACKLE THE PATH FROM PROBLEM DEFINITION THROUGH SOLUTION FINDING TO ADOPTION AND EVALUATION. THE ORGANIZATION ALSO ACCEPTS REQUESTS FROM INDIVIDUAL INSTITUTIONS, FUNDERS, ENTREPRENEURS OR COMMUNITIES TO FACILITATE RELATED DESIGN PROCESSES.
Expenses $6,827,526 · Revenue $1,963,669
As filed on the 2022 return.
Listed in Part VII
-
William HughesWILLIAM HUGHES
CHIEF EXECUTIVE OFFICER
- Total calculated
- $336,754
- From this org
- $306,054
- From related orgs
- $0
- Other
- $30,700
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $293,804
- Bonus
- $12,250
- Other
- $0
- Deferred
- $12,000
- Nontaxable benefits
- $18,700
- Filer's total
- $336,754
-
Laurence RothLAURENCE ROTH
CHIEF GROWTH OFFICER
- Total calculated
- $249,512
- From this org
- $226,884
- From related orgs
- $0
- Other
- $22,628
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $196,172
- Bonus
- $30,712
- Other
- $0
- Deferred
- $8,800
- Nontaxable benefits
- $13,828
- Filer's total
- $249,512
-
Donald E FraserDONALD E FRASER
FORMER CHIEF PROGRAM OFFICER
- Total calculated
- $196,302
- From this org
- $178,931
- From related orgs
- $0
- Other
- $17,371
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $177,931
- Bonus
- $1,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $17,371
- Filer's total
- $196,302
-
Naomi BoyerNAOMI BOYER
SVP OF DIGITAL TRANSFORMATION
- Total calculated
- $195,381
- From this org
- $171,148
- From related orgs
- $0
- Other
- $24,233
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $170,148
- Bonus
- $1,000
- Other
- $0
- Deferred
- $6,862
- Nontaxable benefits
- $17,371
- Filer's total
- $195,381
-
Lisa LarsonLISA LARSON
HEAD OF CCGEF
- Total calculated
- $151,570
- From this org
- $134,374
- From related orgs
- $0
- Other
- $17,196
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $133,374
- Bonus
- $1,000
- Other
- $0
- Deferred
- $6,170
- Nontaxable benefits
- $11,026
- Filer's total
- $151,570
-
Miriam KalkMIRIAM KALK
HEAD OF DESIGN PRACTICE
- Total calculated
- $142,925
- From this org
- $131,729
- From related orgs
- $0
- Other
- $11,196
- Hours/week
- 40
-
Laura Faulkner Director OfLAURA FAULKNER DIRECTOR OF
STRATEGIC PARTNERSHIPS/PHILANTHROPY
- Total calculated
- $138,551
- From this org
- $123,075
- From related orgs
- $0
- Other
- $15,476
- Hours/week
- 40
-
Kathleen DelaskiKATHLEEN DELASKI
BOARD CHAIR
- Total calculated
- $14,400
- From this org
- $14,400
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Kris ClerkinKRIS CLERKIN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Rufus Glaspar Member UntilRUFUS GLASPAR MEMBER UNTIL
SEPTEMBER, THEN TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Erik HeyerERIK HEYER
TREASURER, UNTIL SEPTEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Suzanne Gibbs HowardSUZANNE GIBBS HOWARD
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sandra Sofia LopezSANDRA SOFIA LOPEZ
MEMBER AS OF DECEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lou PuglieseLOU PUGLIESE
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Marta B UrquillaMARTA B URQUILLA
MEMBER UNTIL JANUARY
- 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. 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 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 7
- THE CEO'S BONUS IS DETERMINED AND APPROVED BY THE BOARD BASED ON THE ORGANIZATION'S OVERALL PERFORMANCE. THE MAXIMUM BONUS AMOUNT IS CALCULATED AS 15% OF THE ANNUAL SALARY. ALL OTHER BONUSES ARE AWARDED BASED ON PERFORMANCE.
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
- 2022
- Filed
- 9 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303149349302080
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