2024-06-26T16:16:32-05:00 2023-06-30 BDO USA 200 PARK AVENUE 38TH FLOOR NEW YORK NY 10166 990 2022-07-01 833754699 MARCY LAB INC % REUBEN OGBONNA MARC 9196219388 829 JEFFERSON AVENUE BROOKLYN NY 11221 REUBEN OGBONNA co-founder & ED 9196219388 2024-06-26 true REUBEN OGBONNA 999009999 Paul Hammerschmidt P01384178 2128858000 2 2022 2023-04-26 12:10:37Z X REUBEN OGBONNA 829 JEFFERSON AVENUE BROOKLYN NY 11221 8932333 false X WWW.MARCYLABSCHOOL.ORG X 2019 NY We provide a direct pathway for low -income young adults to wealth-generating technology careers through rigorous technical training and leadership development. 8 6 66 100 0 0 3672338 8639593 80130 292364 79 376 250 0 3752797 8932333 0 0 0 0 1389269 2752597 0 0 126147 1368705 2110245 2757974 4862842 994823 4069491 4472166 8371173 2030495 1860011 2441671 6511162 X THE MARCY LAB SCHOOL HAS ONE CLEAR AND CRITICAL MISSION: TO CREATE AN ALTERNATIVE PATHWAY TO HIGH-GROWTH TECHNOLOGY CAREERS FOR YOUNG ADULTS FROM UNDERESTIMATED BACKGROUNDS. 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. false false 3590105 0 292364 OUR FLAGSHIP PROGRAM, THE SOFTWARE ENGINEERING FELLOWSHIP, IS A TRUE ALTERNATIVE TO COLLEGE, DESIGNED TO BE A DIRECT PATHWAY FOR YOUNG PEOPLE OF COLOR FROM LOW SOCIOECONOMIC BACKGROUNDS TO EMPLOYMENT AS ENTRY-LEVEL SOFTWARE ENGINEERS. THE YEAR-LONG PROGRAM STARTS WITH A DEEP DIVE INTO THE FUNDAMENTALS OF PROGRAMMING AND COMPUTER SCIENCE PAIRED WITH A PROJECT-BASED CURRICULUM THAT APPLIES THESE FUNDAMENTALS IN A REAL-WORLD CONTEXT. WE COMPLEMENT TECHNICAL TRAINING BY CULTIVATING "THE WHOLE STUDENT" THROUGH OUR LEADERSHIP DEVELOPMENT CURRICULUM, A SKILLS-BASED, EQUITY-CENTERED APPROACH TO PROFESSIONAL READINESS AND IDENTITY DEVELOPMENT. CLASSROOM TRAINING IS FOLLOWED BY A THREE-MONTH PAID APPRENTICESHIP WHERE FELLOWS SHOWCASE THEIR TALENTS BY APPLYING THEIR SKILLS AS PART OF A REAL ENGINEERING TEAM OR WORKING ON AN OPEN-SOURCE SOFTWARE PROJECT. UPON GRADUATION, OUR CAREER COUNSELORS SUPPORT FELLOWS AS THEY PURSUE OPPORTUNITIES IN THE FULL-TIME JOB MARKET. ALUMS CONTINUE TO RECEIVE CAREER COACHING AND MENTORSHIP EARLY IN THEIR CAREERS AND HAVE ACCESS TO ALUMNI ENGAGEMENT OPPORTUNITIES FOR LIFE. 3590105 true true false false false false false false false false false false false true true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 27 0 true 66 true false false false false false false false false false false false false X 8 6 false false false false false false false true true false false true true false false true true true true false NY X REUBEN OGBONNA 9196219388 829 JEFFERSON AVENUE BROOKLYN NY 11221 Reuben Ogbonna Co-Founder & Exec. Director 40.0 0.0 X X 147275 0 0 Thuyan Duong VP, Software Engineering Fello 40.0 0.0 X 139010 0 7797 Maya Bhattacharjee-Marcantonio Co-Founder & Chief Prog. Off. 40.0 0.0 X X 141450 0 0 Travis Fox Head of Strategic Partnerships 40.0 0.0 X 115644 0 8450 Ashley Lusky Senior Director, Finance & HR 40.0 0.0 X 109241 0 7747 Aankit Patel Chair & Secretary 2.0 0.0 X X 0 0 0 Tyler Lambe TREASURER as of 8/19/22 1.0 0.0 X X 0 0 0 Aaron Glover Director 1.0 0.0 X 0 0 0 Tiffany Merriweather Director as of 8/19/22 1.0 0.0 X 0 0 0 Robert Morse Director as of 8/19/22 1.0 0.0 X 0 0 0 Itzel Rendon Director thru 6/8/23 1.0 0.0 X 0 0 0 Nadja Shaw Director 1.0 0.0 X 0 0 0 Enmanuel De La Nuez Director thru 10/20/22 1.0 0.0 X 0 0 0 652620 0 23994 5 false false false 0 31320 8608273 8639593 PROGRAM SERVICE REVENUE 900099 292364 292364 292364 376 0 376 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8932333 292364 0 376 0 0 0 0 477811 325243 152568 0 1054584 798369 223125 33090 5116 3882 1070 164 235620 175599 54618 5403 979466 719820 238292 21354 0 645 645 55539 55539 0 0 0 413631 230152 173479 10000 8777 5612 3165 25228 24367 861 180884 124961 55923 0 29792 29792 63790 42741 21049 0 48438 2000 46438 0 0 413801 413801 15614 15614 STUDENT STIPENDS 388036 388036 FACILITIES OTHER VENDORS 187858 187858 MEALS AND ENTERTAINMENT 143337 113965 19674 9698 PROFESSIONAL LEARNING 128205 128205 6670 5907 763 4862842 3590105 1146590 126147 703778 570332 600779 2299809 1180300 3884073 0 0 0 0 0 0 0 0 0 0 7125 0 0 0 0 0 0 0 0 0 0 0 1980184 1616959 4472166 8371173 21976 35827 0 0 0 0 0 0 0 0 0 0 0 0 150000 150000 1858519 1674184 2030495 1860011 X 1716023 2462648 725648 4048514 2441671 6511162 4472166 8371173 4069491 X false true X true false X 35792 451738 2142578 3672338 8639593 14942039 0 0 35792 451738 2142578 3672338 8639593 14942039 5621808 9320231 79 376 455 696 696 0 0 7364 250 0 7614 14950804 372494 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RIGHT-OF-USE ASSET 1390091 SECURITY DEPOSIT 226868 1616959 0 OPERATING LEASE LIABILITY 1674184 1674184 X 8932333 8932333 8932333 4862842 4862842 4862842 SCHEDULE D, Part X, Line 2: The Organization was incorporated in the state of New York and is exempt from federal, state, and local income taxes under Section 501(c)(3) of the Code and, therefore, has made no provision for income taxes in the accompanying statements of financial position. In addition, the Organization has not taken an unsubstantiated tax position that would require provision of a liability under GAAP. Under GAAP, an organization must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more likely than not the position will be sustained upon examination by a taxing authority. The Organization does not believe that there are any material uncertain tax positions and, accordingly, has not recognized any liability for unrecognized tax benefits. The Organization has filed IRS Form 990, as required, and all other applicable returns in jurisdictions when it is required. For the year ended June 30, 2023, there was no income that was subject to unrelated business income tax, and there were no interest or penalties recorded or included in the financial statements. FORM 990, HEADER, ITEM B, AMENDED RETURN: THE ACCOMPANYING 2022 FORM 990 WAS AMENDED TO REFLECT FINANCIAL DATA AS PER THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS WHICH BECAME AVAILABLE AFTER FORM 990 WAS ORIGINALLY PREPARED AND FILED. THE ORIGINAL 2022 FORM 990 WAS PREPARED FROM DRAFT FINANCIAL DATA. THE AMENDED FORM 990 REPORTS THE FOLLOWING CHANGES FROM FORM 990 AS ORIGINALLY REPORTED: as originally Form 990 reported as amended PART I, CURRENT YEAR: Part i, line 8 9,163,286. 8,639,593. Part i, line 9 492,364. 292,364. Part i, line 20 9,094,866 8,371,173 Part i, line 22 7,234,855 6,511,162 PART III: LINE 4A, REVENUE 492,364 292,364 PART VIII: LINE 1f 9,131,966 8,608,273 LINE 2A 492,364 292,364 PART X: LINE 3 4,607,766 3,884,073 LINE 16 9,094,866 8,371,173 LINE 27 2,724,855 2,462,648 LINE 28 4,510,000 4,048,514 SCH A, Part II: UPDATED PER PART VIII REPORTING. SCH B: REMOVE DONOR: BEDFORD STUYVESANT RESTORATION CORPORTION FROM LINE 6. SCH D, PART XI: UPDATED PER THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS FORM 990, PART VI, SECTION B, LINE 11B: THE FORM 990 IS REVIEWED BY THE BOARD TREASURER AND IS DISTRIBUTED TO THE FULL BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 15a & 15b: THE ORGANIZATION GATHERS COMPENSATION DATA THROUGH FORM 990'S OF SIMILAR ORGANIZATIONS AND PUBLICLY AVAILABLE SALARY SURVEYS WHICH SENIOR MANAGEMENT USES TO ASSESS WHETHER SALARY RANGES ARE APPROPRIATE. ALL EMPLOYEE SALARIES ARE REVIEWED AND APPROVED BY THE FULL BOARD OF DIRECTORS DURING THE ANNUAL BUDGET PROCESS AND EXECUTIVE SESSION. FORM 990, PART VI, SECTION C, LINE 19: THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.