Marcy Lab Inc

Nonprofit profile at a glance

EIN
833754699
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Brooklyn, NY, USA
Phone
9196219388
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Graduate, Professional Schools (Separate Entities)

Official website

Reported finances

Revenue
$5,695,488
Expenses
$6,302,685
Assets
$10,481,298
Liabilities
$1,346,925

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

Leadership & pay

18 people listed

Executive titles in this filing

  • REUBEN OGBONNA (CO-FOUNDER & EXECUTIVE DIRECTOR)
  • MAYA BHATTACHARJEE-MARCANTONIO (CO-FOUNDER, PRESIDENT & CHIEF PROGRAM OFFICER)

Highest reported compensation

  • MAYA BHATTACHARJEE-MARCANTONIO (CO-FOUNDER, PRESIDENT & CHIEF PROGRAM OFFICER): $221,871 total reported compensation
  • REUBEN OGBONNA (CO-FOUNDER & EXECUTIVE DIRECTOR): $214,941 total reported compensation
  • HOLLINS GAUSE (HEAD OF GROWTH & ADMISSIONS STRATEGY): $190,443 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 marcy lab school is an alternative pathway to high-growth technology careers for young adults. We provide our students with technical training, leadership development, and direct access to employment opportunities in some of the fastest-growing sectors of the global economy. In doing so, we create economic mobility for our students and create the strongest pipeline of diverse engineering talent in the country.

What it reported doing in 2024

The marcy lab school is a free-of-cost, direct pathway for young people from low socioeconomic backgrounds to employment in entry-level tech roles. We run two concurrent major programs, software engineering and data analytics. Through over 2,000 hours of instruction, more than most four-year computer tech degrees, fellows participate in computer science or data analytics lectures where they learn fundamental technical skills for their major, such as server-side and front-end web development and tools like excel, sql, tableau, and python. The curriculum is designed to mirror the technical interviews they'll encounter in the job market and is continually informed by the evolving needs of our employer partners, ensuring fellows graduate with the tools and experience to succeed. In parallel, 25% of instructional time is dedicated to our leadership and development curriculum that focuses on conversations about leadership development, financial literacy, civic studies, equity, ethics, and career readiness. Fellows explore texts by james baldwin, audre lorde, and others, while receiving bi-weekly coaching that supports their growth as both technologists and leaders. The program culminates in a civic technology hackathon, where fellows build production-ready applications to solve real-world challenges in their communities and add to their professional portfolios. A final three-month capstone or external apprenticeship allows fellows to deepen their skills through employer-designed projects. Graduates leave with a strong portfolio, industry-aligned experience, and access to a 24-week career launch accelerator program for those still looking for a full-time role post graduation, followed by two years of alumni career coaching and continued support.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 96% 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 some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 87
  • Accountability: 86
  • Sustainability: 30
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.6%; rating input score 88
  • Program expense ratio: 79.7%; rating input score 80
  • Fundraising efficiency: $22.8 raised per $1 spent on fundraising; rating input score 63; 63rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Missing
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 84.6%; rating input score 85; 17th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -10.7%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 1.66; rating input score 55; 55th percentile among comparable filings
  • Liabilities to assets ratio: 0.13; rating input score 54; 54th percentile among comparable filings
  • Officer compensation ratio: 19.8%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: 39.4% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: 30.2% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 39.9% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 87.6% of revenue deployed · 79.7% of spending went to programs
  • Governance: 11 of 13 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $5M in reported program spending
  • Leadership: top reported pay $222K · 18 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • 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 13/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 55/100.
  • High — Sustainability: Officer compensation ratio scored 12/100.
  • Review — Sustainability: Liabilities to assets ratio scored 54/100.