THE UPWARD PROJECT

EIN: 825201485 501(c)(3) Education

DORCHESTER, MA

Total Revenue
$450,317
Total Expenses
$284,141
Total Assets
$252,151
Net Assets
$252,151
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
MA
Principal Officer
MINDY WRIGHT
Phone
4018646343
Tax Period
2023-01-01 to 2023-12-31

THE UPWARD PROJECT, founded in 2020, is a small nonprofit in the Education sector that reported $450K in total revenue in fiscal year 2023. Revenue surged 159% from the prior year, signaling strong growth momentum. The organization ran a surplus of $166K, a strong 37% operating margin.

Mission

TO PROVIDE LOW INCOME, FIRST GENERATION STUDENTS WHO ATTEND SELECTIVE COLLEGES THE SKILLS AND RESOURCES THEY NEED TO SUCCEED IN COLLEGE AND GRADUATE PREPARED FOR CAREERS IN COMPETITIVE AND HIGH WAGE FIELDS. TO SEEK UPWARD MOBILITY FOR STUDENTS AND WORK TO DISRUPT THE RACIAL EQUITY WEALTH GAP IN BOSTON.

Program Service Accomplishments

Program 1
Expenses: $28,295

INTERNSHIP AND CAREER DEVELOPMENT. INCLUDES CAREER ALIGNED SUMMER EXPERIENCE RANGING FROM STUDYING ABROAD, RESEARCH PROGRAMS, INTERNSHIPS, CO-OPS AND CLASSES. PROVIDE SUPPORT FOR STUDENTS WITH...

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INTERNSHIP AND CAREER DEVELOPMENT. INCLUDES CAREER ALIGNED SUMMER EXPERIENCE RANGING FROM STUDYING ABROAD, RESEARCH PROGRAMS, INTERNSHIPS, CO-OPS AND CLASSES. PROVIDE SUPPORT FOR STUDENTS WITH UPFRONT COSTS OF PARTICIPATING IN THE OPPORTUNITIES, WHICH INCLUDED THE COST OF THE PROGRAM, TRANSPORTATION, HOUSING, AND MATERIALS NEEDED TO FULLY ENGAGE IN THE EXPERIENCE.

Program 2
Expenses: $53,025

SUMMER INTENSIVE. NEW SCHOLARS (12) PARTICIPATED IN THE TWO WEEK-LONG INTENSIVE WHERE THEY ATTENDED WORKSHOPS, CAREER TRIPS, AND ACTIVELY ENGAGED IN CAREER EXPLORATION. NEW SCHOLARS TO THE PROGRAM...

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SUMMER INTENSIVE. NEW SCHOLARS (12) PARTICIPATED IN THE TWO WEEK-LONG INTENSIVE WHERE THEY ATTENDED WORKSHOPS, CAREER TRIPS, AND ACTIVELY ENGAGED IN CAREER EXPLORATION. NEW SCHOLARS TO THE PROGRAM GET ACCESS TO A NEW LAPTOP, A BOOK STIPEND, AND MONEY TO BUY PROFESSIONAL CLOTHING.

Program 3
Expenses: $54,746

COLLEGE SUCCESS & EARLY CAREER COUNSELING. SCHOLARS MET WITH THEIR COLLEGE SUCCESS PROGRAM MANAGER EVERY TWO WEEKS. THEY WORKED TO SECURE AN INTERNSHIP, ATTEND A SUMMER PROGRAM, OR TAKE SUMMER...

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COLLEGE SUCCESS & EARLY CAREER COUNSELING. SCHOLARS MET WITH THEIR COLLEGE SUCCESS PROGRAM MANAGER EVERY TWO WEEKS. THEY WORKED TO SECURE AN INTERNSHIP, ATTEND A SUMMER PROGRAM, OR TAKE SUMMER CLASSES THAT ARE CAREER ALIGNED.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $445,424
Program Service Revenue $0
Investment Income $0
Other Revenue $4,893
TOTAL REVENUE $450,317

Expense Breakdown

Grants Paid $0
Salaries & Benefits $143,184
Fundraising Expenses $16,025
Program Expenses $175,675
Other Expenses $140,957
TOTAL EXPENSES $284,141

Year-over-Year Comparison

2023 2022 Change
Revenue $450,317 $173,685 +1.6%
Expenses $284,141 $141,029 +1.0%
Net Income $166,176 $32,656 +4.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
5
Employees
2
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
4
$0
Total Directors
6
$80,096
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MINDY WRIGHT EXECUTIVE DI 35.00
Director
$80,096 $0 $80,096
DANELIA GOSSOP DIRECTOR 1.00
Director
$0 $0 $0
CLAIRE NEWTON PRESIDENT 1.00
Officer Director
$0 $0 $0
ALEXANDRIA NUNEZ-BIBBY SECRETARY 1.00
Officer Director
$0 $0 $0
ANDREW WARD TREASURER 1.00
Officer Director
$0 $0 $0
EJ WHELAN VICE PRESIDE 1.00
Officer 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 $450,317 $284,141 $252,151 $166,176
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