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Nonprofiteer
← GREEN DOT PUBLIC SCHOOLS NATIONAL

Form 990 for tax year 2023

Filed by GREEN DOT PUBLIC SCHOOLS NATIONAL.

Totals

Total revenue
$12,482,336
Total expenses
$15,016,315
Contributions and grants received
$921,142
Grants paid
$129,862
Program service revenue
$11,511,539
Investment income
$49,655
Other revenue
$0
Total assets, end of year
$2,419,221
Total liabilities, end of year
$588,086
Net assets or fund balances, end of year
$1,831,135
Program services expenses (Part IX)
$11,050,059
Management and general expenses
$2,808,075
Fundraising expenses
$1,158,181
Program service expenses (Part III)
$11,050,059

Program services were 73.6% 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)

    $921,142

  • 2a · Program service revenue: Shared Service Fees

    total $11,511,539 · related or exempt $11,511,539

  • 3 · Investment income

    total $49,655 · excluded $49,655

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $129,862 · program services $129,862

  • 5 · Compensation of officers, directors and key employees

    total $2,134,853 · program services $1,445,564 · management and general $689,289

  • 7 · Other salaries and wages

    total $7,116,532 · program services $5,828,925 · management and general $1,287,607

  • 8 · Pension plan contributions

    total $183,947 · program services $156,678 · management and general $27,269

  • 9 · Other employee benefits

    total $623,389 · program services $623,389

  • 10 · Payroll taxes

    total $705,312 · program services $528,361 · management and general $176,951

  • 13 · Office expenses

    total $552,162 · management and general $552,162

  • 16 · Occupancy

    total $1,712 · program services $1,365 · management and general $347

  • 22 · Depreciation, depletion and amortization

    total $367,417 · program services $292,967 · management and general $74,450

  • 24a · Other expenses: Student Services

    total $1,979,415 · program services $1,979,415

  • 24b · Other expenses: Fundraising Expense

    total $1,158,181 · fundraising $1,158,181

  • 24c · Other expenses: Materials and Supplies

    total $63,533 · program services $63,533

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,008,058 · end of year $1,734,065

  • 4 · Accounts receivable

    beginning of year $246,907 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $195,079 · end of year $51,500

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

    $3,672,520

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

    $3,139,641

  • 10c · Land, buildings and equipment, net

    beginning of year $974,291 · end of year $532,879

  • 15 · Other assets

    beginning of year $159,527 · end of year $100,777

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,158,343 · end of year $564,586

  • 25 · Other liabilities

    beginning of year $60,405 · end of year $23,500

  • 27 · Net assets without donor restrictions

    beginning of year $4,365,114 · end of year $1,831,135

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

Green Dot's mission is to help transform public education so that every child can be successful in college, leadership and life. Green Dot Public Schools National manages the development of and supports the operation of public charter schools.

Activities or mission (Part I)

To run high quality public charter schools and to support related entities.

  • Green Dot Public Schools National ("GDPS National") was originally created to provide services to Green Dot Public Schools Tennessee ("GDPS TN") and Green Dot Public School Southeast Texas ("GDPS STX"), collectively referred to as Green Dot Regions, and United Parents and Students ("UP&S"). Specifically by obtaining and distributing philanthropic support, providing charter school facilities, providing charter school financing, providing operational or other support, designing curriculum, training and developing charter school staff, and assisting the Organization in obtaining philanthropic support, charter school facilities and charter school financing. Additionally, the Organization may engage in any activities that are reasonably related to or in furtherance of its stated public and charitable purposes, or in any other charitable activities. During the 2024 fiscal year, GDPS TN deconsolidated from GDPS National.

    Expenses $11,050,059 · Grants $129,862 · Revenue $11,511,539

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Marlene Canter

    Board Chair

    Total calculated
    $0
    Hours/week
    2

  • Brad Rosenberg

    Board Secretary (Left 8/2023)

    Total calculated
    $0
    Hours/week
    2

  • Roy Romer

    Director (Left 8/2023)

    Total calculated
    $0
    Hours/week
    2

  • Paul Miller

    Director

    Total calculated
    $0
    Hours/week
    2

  • Timothy Wahl

    Director

    Total calculated
    $0
    Hours/week
    2

  • Carole Neal

    Director (Left 10/2023)

    Total calculated
    $0
    Hours/week
    2

  • Ly Cecilia Nguyen

    Director

    Total calculated
    $0
    Hours/week
    2

  • Larry Jacobs

    Director

    Total calculated
    $0
    Hours/week
    2

  • Ronni Ephraim

    Director (Left 12/2023)

    Total calculated
    $0
    Hours/week
    2

  • Dennis Miller

    Director (Left 8/2023)

    Total calculated
    $0
    Hours/week
    2

  • Ernie Thomas

    Treasurer/Controller (Left 1/2024)

    Total calculated
    $230,680
    From this org
    $189,685
    From related orgs
    $0
    Other
    $40,995
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,685
    Bonus
    $0
    Other
    $0
    Deferred
    $7,885
    Nontaxable benefits
    $30,110
    Filer's total
    $227,680

  • Chad Soleo

    Chief Executive Officer

    Total calculated
    $341,601
    From this org
    $302,618
    From related orgs
    $0
    Other
    $38,983
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $302,618
    Bonus
    $0
    Other
    $0
    Deferred
    $9,989
    Nontaxable benefits
    $28,995
    Filer's total
    $341,602

  • Megan Quaile

    Chief Growth Officer

    Total calculated
    $256,843
    From this org
    $235,424
    From related orgs
    $0
    Other
    $21,419
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $235,424
    Bonus
    $0
    Other
    $0
    Deferred
    $9,482
    Nontaxable benefits
    $11,937
    Filer's total
    $256,843

  • Ellen Charls

    Chief Operating Officer

    Total calculated
    $241,454
    From this org
    $197,731
    From related orgs
    $0
    Other
    $43,723
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,731
    Bonus
    $0
    Other
    $0
    Deferred
    $8,237
    Nontaxable benefits
    $35,486
    Filer's total
    $241,454

  • Douglas Weston

    Chief Development Officer

    Total calculated
    $233,441
    From this org
    $198,107
    From related orgs
    $0
    Other
    $35,334
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,107
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $35,334
    Filer's total
    $233,441

  • Jihad Mahmud

    General Counsel

    Total calculated
    $199,898
    From this org
    $167,532
    From related orgs
    $0
    Other
    $32,366
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,532
    Bonus
    $0
    Other
    $0
    Deferred
    $6,924
    Nontaxable benefits
    $25,442
    Filer's total
    $199,898

  • Jaime Hudgins

    Managing Director of Academics

    Total calculated
    $149,914
    From this org
    $143,454
    From related orgs
    $0
    Other
    $6,460
    Hours/week
    40

  • Jose Jaurequi

    Director of Information Technology

    Total calculated
    $172,242
    From this org
    $150,404
    From related orgs
    $0
    Other
    $21,838
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,404
    Bonus
    $0
    Other
    $0
    Deferred
    $6,125
    Nontaxable benefits
    $15,713
    Filer's total
    $172,242

  • Randi DeMagistris

    Managing Director of People

    Total calculated
    $161,198
    From this org
    $135,260
    From related orgs
    $0
    Other
    $25,938
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,260
    Bonus
    $0
    Other
    $0
    Deferred
    $5,657
    Nontaxable benefits
    $20,281
    Filer's total
    $161,198

  • Michael Garner

    Director of Data Science

    Total calculated
    $169,017
    From this org
    $148,469
    From related orgs
    $0
    Other
    $20,548
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,469
    Bonus
    $0
    Other
    $0
    Deferred
    $5,960
    Nontaxable benefits
    $14,588
    Filer's total
    $169,017

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 committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 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

The filer's explanations (Part III)

Part I, Line 3
All compensation is reviewed and set by the Board of Directors based upon local market data for similar positions and experience.

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202511359349308471

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