MICROSOCIETY INC

EIN: 232637830 501(c)(3) Education

PHILADELPHIA, PA

Total Revenue
$1,560,773
Total Expenses
$1,110,337
Total Assets
$635,062
Net Assets
$280,579
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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
PA
Principal Officer
CAROLYNN KING-RICHMOND
Phone
2159224006
Tax Period
2024-01-01 to 2024-12-31

MICROSOCIETY INC, founded in 1991, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 115% from the prior year, signaling strong growth momentum. The organization ran a surplus of $450K, a strong 29% operating margin.

Mission

THE ORGANIZATION SEEKS TO CULTIVATE THINKERS, PROBLEM SOLVERS, AND INNOVATORS READY TO COMPETE IN THE 21ST CENTURY GLOBAL ECONOMY BY PROVIDING CHILDREN AND YOUTH THE OPPORTUNITY TO EXPERIMENT, CREATE, PRODUCE, AND MODIFY IN THEIR OWN INTERDEPENDENT, FREE MARKET COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $470,310

PROFESSIONAL SERVICES MAJOR UPDATES WERE MADE TO OUR EXISTING CURRICULUM, INCLUDING REFRESHES OF OUR BUSINESS VENTURE GUIDEBOOKS AND DIGITAL VERSIONS OF KEY MICROADVENTURES LESSONS FOR INCLUSION IN...

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PROFESSIONAL SERVICES MAJOR UPDATES WERE MADE TO OUR EXISTING CURRICULUM, INCLUDING REFRESHES OF OUR BUSINESS VENTURE GUIDEBOOKS AND DIGITAL VERSIONS OF KEY MICROADVENTURES LESSONS FOR INCLUSION IN MICROSOCIETY 2.0. NEW MATERIALS INTRODUCED THIS YEAR INCLUDE A TEACHER FACILITATOR MANUAL AND STOCK MARKET CURRICULUM. ALL CURRICULUM AND INSTRUCTIONAL RESOURCES ALIGN WITH STANDARDS AND CONNECT TO THE INCREASINGLY COMPLEX REAL WORLD OF THE MICROSOCIETY LEARNING ENVIRONMENT. TO MEET THE NEEDS OF STUDENTS AND EDUCATORS IN THIS EVER-CHANGING EDUCATIONAL LANDSCAPE, MSI CONTINUES DEVELOPING TWO DIGITAL TOOLS: 1) MICROSOCIETY? 2.0, A CUSTOMIZABLE WEB PORTAL THAT UTILIZES GOOGLE TECHNOLOGIES AND A DIGITAL FINANCIAL SYSTEM THAT USES CUSTOM SOFTWARE FOR PILOTING SCHOOLS TO TAKE THEIR MICROSOCIETIES ONLINE, ACCELERATE FINANCIAL LITERACY AND OTHER CAREER SKILLS DEVELOPMENT, AND EXPOSE STUDENTS TO 21ST- CENTURY DIGITAL CAREERS, AND 2) 4TH TERRA? , A 3D ONLINE SIMULATION "GAME AS SERVICE" TO SUPPORT SUBJECT MATTER INSTRUCTION, PARTICULARLY STEM, ALONG WITH CRITICAL THINKING, DECISION-MAKING AND COMMUNICATION SKILLS. IN PARTICULAR, THE SIMULATION FACILITATES STUDENTS' ABILITY TO THINK DEEPLY FROM MULTI-PERSPECTIVES WHICH IS ASSESSED THROUGH SIX METRICS. WITH THE SUPPORT OF AG STRATEGIC DESIGN, OUR DIGITAL PLATFORM UNDERWENT A SIGNIFICANT MAKEOVER TO REFLECT OUR NEW BRANDING. WE INTRODUCED MICROSOCIETY CAREER TOOLS, INCLUDING THE FUTUREFINDER ENGINE, WHICH ALLOWS STUDENTS TO EXPLORE CAREER POSSIBILITIES BASED ON THEIR INTERESTS. WE ALSO LAUNCHED PILOTS OF MICROSOCIETY 2.0 AND 4TH TERRA AT A MICROSOCIETY SCHOOL IN NEW JERSEY. MSI'S NEW HEART AND HEARTCORPS CURRICULA ARE BEING DISSEMINATED TO SITES AROUND THE COUNTRY. THIS CURRICULUM WAS CREATED IN RESPONSE TO THE PANDEMIC-ERA SOCIAL, EMOTIONAL, AND HEALTH NEEDS OF STUDENTS. IN ADDITION, MSI CREATED A NEW "FIRM FOUNDATION" SEQUENCE, CULMINATING IN A CITIZENSHIP CONTRACT, FOR THE START OF THE SCHOOL YEAR, AND WE ALSO ROLLED OUT A NEW "PLAN/ACT/REFLECT" FRAMEWORK TO BETTER SHAPE THE MICROTIME SCHEDULE AND PREPARED OUR CERTIFIED CONSULTANTS TO BRING IT TO SCHOOLS.

Program 2
Expenses: $378,726

PROGRAM INITIATIVES AND RESEARCH EVALUATION ("R&E") THE PITTSBURGH EXPANSION PROJECT, SUPPORTED BY A GRANT FROM THE RICHARD KING MELLON FOUNDATION, LAID THE GROUNDWORK FOR ESTABLISHING A REGIONAL...

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PROGRAM INITIATIVES AND RESEARCH EVALUATION ("R&E") THE PITTSBURGH EXPANSION PROJECT, SUPPORTED BY A GRANT FROM THE RICHARD KING MELLON FOUNDATION, LAID THE GROUNDWORK FOR ESTABLISHING A REGIONAL CENTER OF EXCELLENCE IN ALLEGHENY COUNTY, PENNSYLVANIA. THE ORGANIZATION IS PREPARING TO ADD NEW MICROSOCIETY SITES IN THE REGION WITH PENN HILLS CHARTER SCHOOL OF ENTREPRENEURSHIP AS A REGIONAL HUB. UNIVERSITY PARTNERSHIPS WITH CARNEGIE MELLON AND WEST LIBERTY UNIVERSITIES HAVE BEEN INSTRUMENTAL IN INTEGRATING CUTTING-EDGE PROGRAMMING TO PROVIDE STUDENTS WITH EXCITING NEW 21ST-CENTURY LEARNING OPPORTUNITIES, INCLUDING A VISUALIZING DATA PROJECT TO TEACH CHILDREN HOW TO WORK WITH REAL-WORLD DATA MINED FROM THEIR MICROSOCIETY EXPERIENCES. IN ITS COMMITMENT TO CONTINUOUS IMPROVEMENT, MSI UNDERTOOK A THIRD-PARTY EVALUATION OF MICROSOCIETY 2.0 AT PENN HILLS CHARTER SCHOOL OF ENTREPRENEURSHIP. THIS RIGOROUS ASSESSMENT WILL PROVIDE VALUABLE INSIGHTS THAT HELP US REFINE OUR APPROACHES AND MAXIMIZE OUR IMPACT ON STUDENTS AND COMMUNITIES.

Program 3
Expenses: $27,296

CLIENT SERVICES AND OUTREACH MSI'S COMMITMENT TO NEW SCHOOL SUPPORTS SOARED WITH THE ROLLOUT OF VIRTUAL "MICROCHATS" FOR SCHOOL LEADERSHIP TEAMS AND COORDINATORS, "MICROFORUM," A PRIVATE GOOGLE CHAT...

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CLIENT SERVICES AND OUTREACH MSI'S COMMITMENT TO NEW SCHOOL SUPPORTS SOARED WITH THE ROLLOUT OF VIRTUAL "MICROCHATS" FOR SCHOOL LEADERSHIP TEAMS AND COORDINATORS, "MICROFORUM," A PRIVATE GOOGLE CHAT SPACE WHERE MICROSOCIETY EDUCATORS CAN ASK QUESTIONS AND GET AND SHARE TIPS, AND DESIGNING A "MICROPORTAL" WEBSITE, A GO-TO PLACE FOR CURRICULUM AND CLASSROOM MATERIALS. THESE NEW COMMUNICATION TOOLS, ALONG WITH A NEW STUDENT YOUTUBE SERIES, WERE SHOWCASED DURING MSI'S SECOND VIRTUAL SEMINAR, LEVERAGING FRESH PERSPECTIVES AND INSIGHTS AND EXCHANGING IDEAS, BEST PRACTICES, AND SUCCESS STORIES, AND IN AN AUGUST GATHERING OF MSI'S FACULTY OF CERTIFIED CONSULTANTS. UPDATED CURRICULUM AND TRAINING MATERIALS RESULTED IN A REVISED TEACHER-TRAINING MODEL THAT ALIGNS WITH EDUCATIONAL ADVANCES AND EFFORTS OF THE RESEARCH AND DEVELOPMENT ("R&D") WORK OF MSI. THE TWO-DAY CONVENING SPARKED RENEWED COLLABORATION AND STRENGTHENED A COLLECTIVE VISION FOR FUTURE PROFESSIONAL SERVICES.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,543,439
Program Service Revenue $14,532
Investment Income $11
Other Revenue $2,791
TOTAL REVENUE $1,560,773

Expense Breakdown

Grants Paid $0
Salaries & Benefits $550,633
Fundraising Expenses $112,398
Program Expenses $876,332
Other Expenses $559,704
TOTAL EXPENSES $1,110,337

Year-over-Year Comparison

2024 2023 Change
Revenue $1,560,773 $725,256 +1.2%
Expenses $1,110,337 $1,044,237 +0.1%
Net Income $450,436 $-318,981 -2.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
4
Employees
9
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$91,042
Total Directors
5
$91,042
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROLYNN KING-RICHMOND EXECUTIVE DI 40.00
Officer Director
$91,042 $0 $91,042
STEPHEN K MACK TREASURER 2.00
Officer Director
$0 $0 $0
RICHARD B WICKERSHAM JR BOARD CHAIR 2.00
Director
$0 $0 $0
TRIANA OLIVAS BOARD MEMBER 2.00
Director
$0 $0 $0
DR SANDI WILLIAMS BOARD MEMBER 3.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,560,773 $1,110,337 $635,062 $450,436
2023 $725,256 $1,044,237 $141,911 $-318,981
2022 $805,210 $826,541 $469,433 $-21,331
2021 $808,005 $598,741 $499,174 $209,264
2020 $584,708 $476,348 $318,827 $108,360
2019 $537,031 $575,606 $186,074 $-38,575
2018 $621,700 $672,738 $224,328 $-51,038
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