Caps Network Inc

Nonprofit profile at a glance

EIN
854285822
IRS 990 coverage
2021–2024
Forms available
Form 990 2024, Form 990-N 2020
Location
Overland Park, KS, USA
Phone
9132395920
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Educational Services and Schools - Other

Official website

Reported finances

Revenue
$2,157,155
Expenses
$1,221,149
Assets
$1,928,863
Liabilities
$97,212

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • Corey Mohn (President and Executive Director (non-voting))

Highest reported compensation

  • Tonya Marie Merrigan (Board Member and Superintendent of Blue Vallley School District): $353,443 total reported compensation
  • Corey Mohn (President and Executive Director (non-voting)): $202,059 total reported compensation
  • Alisa Morse (Secretary and K-12 Director (non-voting)): $133,466 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The CAPS Network is a gathering of like-minded institutions across the world focused on the use of Profession-Based Learning to prepare their students for both career and post-secondary next steps. The members of the network collaborate on new innovations and share best practices through events and conversations.

What it reported doing in 2024

The CAPS Network advances profession-based learning through a growing network of 130+ affiliate programs across more than 200 school districts in the United States and internationally. Members share a commitment to core values that emphasize student-driven learning, authentic engagement with industry professionals, and the development of durable skills. CAPS Network supports educators through professional learning, coaching, and resources designed to help implement high-quality, client-connected student experiences. Collaboration is central to the network, creating opportunities for educators to share best practices, build partnerships, and expand learning pathways for students. Each year, educators come together at the CAPS Network Summer Huddle and regional events, where immersive professional learning strengthens instructional practice and fosters meaningful connections across the network.

Operating model

Revenue model
Donor-supported. 70% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 56
  • Transparency & Controls: 65
  • Accountability: 91
  • Sustainability: 69
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 50.3%; rating input score 50
  • Program expense ratio: 86.5%; rating input score 86
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 43.4%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 1.58; rating input score 53; 53rd percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 70; 70th percentile among comparable filings
  • Officer compensation ratio: 14.1%; rating input score 20; 20th percentile among comparable filings

Growth

  • Program expense growth: 62.7% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 55.1% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 51.2% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 50.3% of revenue deployed · 86.5% of spending went to programs
  • Governance: 5 of 5 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.1M in reported program spending
  • Leadership: top reported pay $353K · 8 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 50/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 53/100.
  • High — Sustainability: Officer compensation ratio scored 20/100.