NonprofitsMarcy Lab Inc

Education

Marcy Lab Inc

BROOKLYN, NY

Total revenue

$9.7M

Total expenses

$6.2M

Net assets

$9.7M

Grants received

$16.9M

77 grants

EIN

833754699

Tax year

2023

Mission

to provide an exceptional post-secondary education experience that propels underestimated young adults into financially-rewarding and purpose-driven careers in the tech sector.

Financials

FY 2023

Revenue

Contributions & grants$9.2M
Program service revenue$612K
Investment income$741
Other revenue
Total revenue$9.7M

Expenses

Grants paid
Salaries & benefits$3.7M
Fundraising$98K
Other expenses$2.5M
Total expenses$6.2M
Total assets$11.7M
Net assets$9.7M

People

14 listed

NameRoleCompensation

MAYA BHATTACHARJEE-MARCANTONIO

CO-FOUNDER & CHIEF PROG. OFF.

Board

$191K

40 hrs/wk

REUBEN OGBONNA

CO-FOUNDER & EXEC. DIRECTOR

Board

$184K

40 hrs/wk

ASHLEY LUSKY

SENIOR DIRECTOR, FINANCE & HR

Board

$128K

40 hrs/wk

AANKIT PATEL

CHAIR&Secretary thru 1/16/24

Board

2 hrs/wk

TYLER LAMBE TREASURER

int. Chair/sec. as of 1/17/24

Board

2 hrs/wk

AARON GLOVER

DIRECTOR

Board

2 hrs/wk

TIFFANY MERRIWEATHER

DIRECTOR

Board

2 hrs/wk

ROBERT MORSE

DIRECTOR

Board

2 hrs/wk

NADJA SHAW

DIRECTOR

Board

2 hrs/wk

HOLLINS GAUSE

VP. ADMISSIONS & RECRUITMENT

Staff

$160K

40 hrs/wk

TRAVIS FOX

VP, STRATEGIC PARTNERSHIPS

Staff

$146K

40 hrs/wk

ALANI BASS

DIRECTOR,STRATEGIC INITIATIVES

Staff

$121K

40 hrs/wk

ANA REYES MARTINEZ

Dir, Instructor Learning&Dev.

Staff

$115K

40 hrs/wk

Mike Cronin

Director, Curriculum

Staff

$114K

40 hrs/wk

Independent contractors

Whiteboard Advisors LLC

Strategic Consulting

$127K

Grants received

Showing 77 of 77

FromAmountPurposeYear
$375K
PROGRAM EXPANSION
2024
$250K
GENERAL OPERATING
2024
$100K
TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE
2024
$61K
GENERAL OPERATING SUPPORT
2024
$50K
TO PROMOTE LIFELONG ECONOMIC MOBILITY AMONG UNDERESTIMATED YOUNG ADULTS THROUGH TECHNOLOGY EDUCATION
2024
$12K
GENERAL UNRESTRICTED
2024
$10K
SCALING AND SUSTAINING THE FUTURE OF THE MARCY LAB SCHOOL
2024
$10K
program support for technology education
2024
$3K
MATCHING GIFT
2024
$2K
MATCHING CONTRIBUTION (GENERAL OPERATING SUPPORT)
2024
$4.0M
For grant recipient's exempt purposes
2023
$1.5M
General Support
2023
$1M
TO SUPPORT THE PROGRAMMATIC OR OPERATING COSTS OF THE ORGANIZATION IN ALIGNMENT WITH THE 1954 PROJECT VALUES
2023
$500K
SUPPORT YOUTH EDUCATION AND EMPLOYMENT DEVELOPMENT
2023
$440K
IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS
2023
$350K
GENERAL OPERATING
2023
$200K
TO SUPPORT GENERAL OPERATIONS OF THE SCHOOL
2023
$100K
GENERAL OPERATING SUPPORT
2023
$75K
TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE
2023
$50K
TO PROMOTE LIFELONG ECONOMIC MOBILITY FOR UNDERESTIMATED YOUNG ADULTS THROUGH TECHNOLOGY EDUCATION
2023
$13K
SIGNATURE PROJECT
2023
$5K
GENERAL UNRESTRICTED
2023
$5K
FOR GENERAL OPERATING SUPPORT
2023
$1.4M
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$160K
GENERAL SUPPORT
2022
$150K
SUPPORT EDUCATIONAL PROGRAM
2022
$150K
GENERAL OPERATING SUPPORT AND EXPANSION OF THE PROGRAM
2022
$125K
GENERAL OPERATING SUPPORT
2022
$100K
PROGRAM EXPANSION
2022
$100K
QUALITY EDUCATION
2022
$100K
QUALITY EDUCATION
2022
$25K
TO SUPPORT CIVIC TECH PROGRAMMING, AND TO SUPPORT THE ONGOING DIALOGUE BETWEEN MARCY LAB FELLOWS AND THEIR FAMILIES ABOUT TECH EQUITY AND THE FUTURE OF TECH.
2022
$25K
TO SUPPORT CIVIC TECH PROGRAMMING, AND TO SUPPORT THE ONGOING DIALOGUE BETWEEN MARCY LAB FELLOWS AND THEIR FAMILIES ABOUT TECH EQUITY AND THE FUTURE OF TECH.
2022
$24K
For grant recipient's exempt purposes
2022
$20K
SCALING AND SUSTAINING THE FUTURE OF THE MARCY LAB SCHOOL REUBEN OGBONNA
2022
$10K
SIGNATURE PROJECT
2022
$5K
GENERAL OPERATING SUPPORT
2022
$2K
MATCHING GIFT
2022
$240K
IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS
2021
$200K
Support for young low-income workers to train for and connect to career-path technology focused jobs in New York City.
2021
$200K
Support for young low-income workers to train for and connect to career-path technology focused jobs in New York City.
2021
$102K
GENERAL OPERATING SUPPORT
2021
$100K
For recipient's exempt purpose
2021
$100K
GENERAL OPERATING SUPPORT
2021
$95K
Support the continued expansion of our Software Engineering Fellowship, specifically to nearly double our enrollment to 100 young people in the coming year while building the infrastructure
2021
$25K
GENERAL USE
2021
$18K
GENERAL OPERATING SUPPORT
2021
$10K
For grant recipient's exempt purposes
2021
$10K
For grant recipient's exempt purposes
2021
$5K
MATCHING GIFT
2021
$5K
CHARITABLE DONATION
2021
$5K
GENERAL OPERATING SUPPORT
2021
$123K
IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS
2020
$100K
General Operating Support to aid the continued growth of the core program, the Software Engineering Fellowship
2020
$100K
OPERATING SUPPORT
2020
$85K
GENERAL OPERATING SUPPORT
2020
$41K
TO ASSIST IN STARTUP OF NONPROFIT
2020
$25K
GENERAL USE
2020
$20
MATCHING CONTRIBUTION MADE BY EMPLOYEE OF YELP, INC.
2020
$133K
IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS
2019
$17K
GENERAL OPERATING SUPPORT
2019

Funded by

$16.9M from 37 funders · 77 grants · 2019–2024

Fidelity Investments Charitable Gift Fund

$4.0M · 4 grants · 2021–2023

Tiger Global Impact Ventures Inc

$2M · 2 grants · 2022–2023

Follow Your Dream Foundation Inc

$1.5M · 1 grant · 2023

Vanguard Charitable Endowment Program

$1.5M · 2 grants · 2021–2022

National Philanthropic Trust

$959K · 4 grants · 2020–2023

Jpmorgan Chase Foundation

$947K · 7 grants · 2019–2024

Apollo Opportunity Foundation

$600K · 2 grants · 2023–2024

Details

EIN833754699
NTEE codeB50
Subsection03
Ruling date2019-07
Formed2019
Employees53
Volunteers120
MARCY LAB INC — Mission, Financials & Grants Received | Grantivo