Icouldbeorg Inc
Nonprofit profile at a glance
- EIN
- 134151810
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Brooklyn, NY, USA
- Phone
- 6467348133
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Job Training
Reported finances
- Revenue
- $537,763
- Expenses
- $947,873
- Assets
- $419,105
- Liabilities
- $61,952
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- CATHERINE SCHRAUTH (EXECUTIVE DIRECTOR)
Highest reported compensation
- WENDY SIEGELMAN (CHIEF OPERATING OFFICER): $156,523 total reported compensation
- CATHERINE SCHRAUTH (EXECUTIVE DIRECTOR): $151,243 total reported compensation
- M MICHELLE DEROSIER (ASSOCIATE EXECUTIVE DIRECT): $136,523 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide high school students with an online community of professional mentors, empowering teens to thrive in school, plan for future careers, and achieve in life.
What it reported doing in 2024
Icouldbe provides high school students with an online community of professional mentors, empowering teens to thrive in school, plan for future careers, and achieve in life. Since 2000, icouldbe has connected more than 28,000 students across under-resourced communities with caring adult professionals through a structured virtual mentoring program. Through icouldbe's interactive online platform, students and mentors participate in school-based programs that include weekly guided communication and a research-based curriculum designed to build self-efficacy, social capital, college and career readiness, and broad networks of support. The organization's programs help students identify educational and career goals, develop professional skills, expand access to opportunities, and build meaningful connections that support long-term success in school, careers, and life.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 79
- Accountability: 100
- Sustainability: 12
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 80.4%; rating input score 80
- Fundraising efficiency: $13.66 raised per $1 spent on fundraising; rating input score 48; 48th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- 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: 9 of 9 controls in place; rating input score 100
- 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: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -76.3%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 0.44; rating input score 21; 21st percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 36; 36th percentile among comparable filings
- Officer compensation ratio: 46.9%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: 3.4% per year; rating input score 100; 34th percentile among comparable filings
- Revenue growth: 3.8% per year; rating input score 100; 36th percentile among comparable filings
- Asset growth: 4.8% per year; rating input score 100; 38th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 80.4% of spending went to programs
- Governance: 10 of 10 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $762K in reported program spending
- Leadership: top reported pay $157K · 13 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $150K reported
- Consistency: 28 of 28 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- High — Sustainability: Operating margin scored 2/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 48/100.
- High — Sustainability: Total-asset coverage ratio scored 21/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 36/100.