SCHOOL THE WORLD

EIN: 270176563 501(c)(3) Philanthropy & Grantmaking

Boston, MA

Total Revenue
$2,123,499
Total Expenses
$2,526,344
Total Assets
$484,987
Net Assets
$102,876
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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
CT
Principal Officer
Mary Kate Curran
Phone
6178679500
Tax Period
2023-01-01 to 2023-12-31

SCHOOL THE WORLD, founded in 2009, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.1M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $2.5M exceeded revenue, resulting in a 19% operating deficit.

Mission

School the World is committed to solving extreme poverty through power of education. Using a grassroots model, we unite community leaders, parents, and teachers to combat failing school systems, improve learning outcomes, and disrupt generational poverty.

Program Service Accomplishments

Program 1
Expenses: $235,670 Revenue: $0

The objective of School the World's Successful Return to School / Tutoring Program in 2023 was to continue to mitigate the learning loss caused by multi-year pandemic school closures. When students...

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The objective of School the World's Successful Return to School / Tutoring Program in 2023 was to continue to mitigate the learning loss caused by multi-year pandemic school closures. When students returned to school in 2022, the learning loss was extensive. 6th graders not understanding a simple text or being able to add two numbers together, 4th graders not able to identify numbers, and so on. Over two years, School the World hired, trained and supervised 78 Teacher Aides to tutor over 4,700 students with 65 schools in Guatemala, Honduras and Panama. Students were evaluated and grouped according to learning level, provided with 4 hours of small group tutoring in reading and math per week, and re-evaluated every two weeks to be re-grouped according to improved learning levels. The results indicate significant improvements in learning levels and students achieving functional literacy levels. Program expenses related to tutoring are recognized within School Resources and Student Support.

Program 2
Expenses: $225,398 Revenue: $0

School the World's Middle School Programs focus on providing the support and resources for students to continue their education past the sixth grade. The Scholarship Program focuses on 7th, 8th, and...

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School the World's Middle School Programs focus on providing the support and resources for students to continue their education past the sixth grade. The Scholarship Program focuses on 7th, 8th, and 9th grade and support is provided to students who would not otherwise be able to attend a proper middle school due to the financial requirements such as enrollment fees, uniform and school materials purchases, and transportation costs. Partial and semi-full scholarships are granted based on each student's need, incorporating support from the student's family as well. The Alternative Education Program offers another way for students to continue their education when they cannot attend a traditional middle school five days per week. This route focuses on independent study as well as in-person sessions in the evenings and over the weekend, allowing students to work and generate an income. In 2023, School the World awarded 411 scholarships and supported 632 alternative learning students in Guatemala. Both of these programs launched in Honduras in 2023 and supported 54 scholarship recipients and 141 alternative learning students. Program expenses related to middle school are recognized within School Resources and Student Support.

Program 3
Expenses: $318,419 Revenue: $0

School the World's construction and infrastructure commitments are a key component of the organization's strategic partnerships with local governments and communities in Guatemala, Honduras and...

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School the World's construction and infrastructure commitments are a key component of the organization's strategic partnerships with local governments and communities in Guatemala, Honduras and Panama. Local government officials typically fund 50% of the construction costs with School the World (individual donors, foundations, service program) funding the remaining 50%. The local community provides the land to build classrooms, playgrounds, bathrooms and/or handwashing stations as well as donates labor to assist in the construction. School the World built 13 schools and 7 playgrounds in 2023 - totaling 131 schools and 68 playgrounds in Guatemala, Honduras and Panama since inception.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,214,747
Program Service Revenue $0
Investment Income $8,319
Other Revenue $-99,567
TOTAL REVENUE $2,123,499

Expense Breakdown

Grants Paid $0
Salaries & Benefits $936,459
Fundraising Expenses $67,279
Program Expenses $2,210,134
Other Expenses $1,551,385
TOTAL EXPENSES $2,526,344

Year-over-Year Comparison

2023 2022 Change
Revenue $2,123,499 $1,951,426 +0.1%
Expenses $2,526,344 $2,049,431 +0.2%
Net Income $-402,845 $-98,005 +3.1%
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
11
Independent Members
10
Employees
7
Volunteers
170

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
$0
Total Directors
10
$0
Key Employees
1
$170,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mary Kate Curran Founder & CEO 60
Key Emp Highest
$170,000 $0 $170,000
Cynthia Clemson Board Chair 1
Officer Director
$0 $0 $0
Joseph Cronin Finance Chair 1
Officer Director
$0 $0 $0
James Pelusi Board Member 1
Director
$0 $0 $0
Keith Clausen Board Member 1
Director
$0 $0 $0
Meredith Massaro Board Member 1
Director
$0 $0 $0
Merrily Bodell Board Member 1
Director
$0 $0 $0
Andrea Hoff Board Member 1
Director
$0 $0 $0
Claudia Pinto Board Member 1
Director
$0 $0 $0
Nicole Sahin Board Member 1
Director
$0 $0 $0
Spiros Giannaros Board Member 1
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 No data No data No data No data
2023 $2,123,499 $2,526,344 $484,987 $-402,845
2022 $1,951,426 $2,049,431 $674,509 $-98,005
2021 $1,425,576 $1,405,708 $776,971 $19,868
2020 $1,727,297 $1,527,170 $739,109 $200,127
2019 $2,125,678 $2,011,007 $526,990 $114,671
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