MARCY LAB INC

EIN: 833754699 501(c)(3) Education

BROOKLYN, NY

Total Revenue
$5,695,488
Total Expenses
$6,302,685
Total Assets
$10,481,298
Net Assets
$9,134,373
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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NY
Principal Officer
REUBEN OGBONNA
Phone
9196219388
Tax Period
2024-07-01 to 2025-06-30

MARCY LAB INC, founded in 2019, is a community nonprofit in the Education sector that reported $5.7M in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $6.3M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE MARCY LAB SCHOOL IS AN ALTERNATIVE PATHWAY TO HIGH-GROWTH TECHNOLOGY CAREERS FOR YOUNG ADULTS. 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.

Program Service Accomplishments

Program 1
Expenses: $5,023,096

THE MARCY LAB SCHOOL IS A FREE-OF-COST, DIRECT PATHWAY FOR YOUNG PEOPLE FROM LOW SOCIOECONOMIC BACKGROUNDS TO EMPLOYMENT IN ENTRY-LEVEL TECH ROLES. WE RUN TWO CONCURRENT MAJOR PROGRAMS, SOFTWARE...

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THE MARCY LAB SCHOOL IS A FREE-OF-COST, DIRECT PATHWAY FOR YOUNG PEOPLE FROM LOW SOCIOECONOMIC BACKGROUNDS TO EMPLOYMENT IN ENTRY-LEVEL TECH ROLES. WE RUN TWO CONCURRENT MAJOR PROGRAMS, SOFTWARE ENGINEERING AND DATA ANALYTICS. THROUGH OVER 2,000 HOURS OF INSTRUCTION, MORE THAN MOST FOUR-YEAR COMPUTER TECH DEGREES, FELLOWS PARTICIPATE IN COMPUTER SCIENCE OR DATA ANALYTICS LECTURES WHERE THEY LEARN FUNDAMENTAL TECHNICAL SKILLS FOR THEIR MAJOR, SUCH AS SERVER-SIDE AND FRONT-END WEB DEVELOPMENT AND TOOLS LIKE EXCEL, SQL, TABLEAU, AND PYTHON. THE CURRICULUM IS DESIGNED TO MIRROR THE TECHNICAL INTERVIEWS THEY'LL ENCOUNTER IN THE JOB MARKET AND IS CONTINUALLY INFORMED BY THE EVOLVING NEEDS OF OUR EMPLOYER PARTNERS, ENSURING FELLOWS GRADUATE WITH THE TOOLS AND EXPERIENCE TO SUCCEED. IN PARALLEL, 25% OF INSTRUCTIONAL TIME IS DEDICATED TO OUR LEADERSHIP AND DEVELOPMENT CURRICULUM THAT FOCUSES ON CONVERSATIONS ABOUT LEADERSHIP DEVELOPMENT, FINANCIAL LITERACY, CIVIC STUDIES, EQUITY, ETHICS, AND CAREER READINESS. FELLOWS EXPLORE TEXTS BY JAMES BALDWIN, AUDRE LORDE, AND OTHERS, WHILE RECEIVING BI-WEEKLY COACHING THAT SUPPORTS THEIR GROWTH AS BOTH TECHNOLOGISTS AND LEADERS. THE PROGRAM CULMINATES IN A CIVIC TECHNOLOGY HACKATHON, WHERE FELLOWS BUILD PRODUCTION-READY APPLICATIONS TO SOLVE REAL-WORLD CHALLENGES IN THEIR COMMUNITIES AND ADD TO THEIR PROFESSIONAL PORTFOLIOS. A FINAL THREE-MONTH CAPSTONE OR EXTERNAL APPRENTICESHIP ALLOWS FELLOWS TO DEEPEN THEIR SKILLS THROUGH EMPLOYER-DESIGNED PROJECTS. GRADUATES LEAVE WITH A STRONG PORTFOLIO, INDUSTRY-ALIGNED EXPERIENCE, AND ACCESS TO A 24-WEEK CAREER LAUNCH ACCELERATOR PROGRAM FOR THOSE STILL LOOKING FOR A FULL-TIME ROLE POST GRADUATION, FOLLOWED BY TWO YEARS OF ALUMNI CAREER COACHING AND CONTINUED SUPPORT.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,680,327
Program Service Revenue $0
Investment Income $15,161
Other Revenue $0
TOTAL REVENUE $5,695,488

Expense Breakdown

Grants Paid $176,115
Salaries & Benefits $3,773,943
Fundraising Expenses $249,106
Program Expenses $5,023,096
Other Expenses $2,352,627
TOTAL EXPENSES $6,302,685

Year-over-Year Comparison

2024 2023 Change
Revenue $5,695,488 $9,707,056 -0.4%
Expenses $6,302,685 $6,215,574 +0.0%
Net Income $-607,197 $3,491,482 -1.2%
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
13
Independent Members
11
Employees
40
Volunteers
120

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
5
$436,812
Total Directors
13
$436,812
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERICA HAMILTON CHAIR 2.00
Officer Director
$0 $0 $0
TIFFANY MERIWEATHER SECRETARY 1.00
Officer Director
$0 $0 $0
ABBY MARQUAND TREASURER 1.00
Officer Director
$0 $0 $0
AARON GLOVER DIRECTOR 0.50
Director
$0 $0 $0
TYLER LAMBE DIRECTOR 0.50
Director
$0 $0 $0
ROB MORSE DIRECTOR 0.50
Director
$0 $0 $0
JIORE CRAIG DIRECTOR 0.50
Director
$0 $0 $0
KENNY OSAKWE DIRECTOR 0.50
Director
$0 $0 $0
MIKE SHULLMAN DIRECTOR 0.50
Director
$0 $0 $0
AILUN KU DIRECTOR 0.50
Director
$0 $0 $0
KATHERINE DALY DIRECTOR 0.50
Director
$0 $0 $0
REUBEN OGBONNA CO-FOUNDER & EXECUTIVE DIRECTOR 40.00
Officer Director
$208,681 $6,260 $214,941
MAYA BHATTACHARJEE-MARCANTONIO CO-FOUNDER, PRESIDENT & CHIEF PROGRAM OFFICER 40.00
Officer Director
$208,681 $13,190 $221,871
HOLLINS GAUSE HEAD OF GROWTH & ADMISSIONS STRATEGY 40.00
Highest
$171,878 $18,565 $190,443
TRAVIS FOX HEAD OF STRATEGIC PARTNERSHIPS 40.00
Highest
$136,040 $11,797 $147,837
ASHLEY LUSKY SENIOR DIRECTOR, FINANCE & HR 40.00
Highest
$142,804 $18,002 $160,806
ANA REYES MARTINEZ SENIOR DIRECTOR 40.00
Highest
$138,056 $22,318 $160,374
BEN SPECTOR HEAD INSTRUCTOR, SOFTWARE ENGINEERING 40.00
Highest
$124,213 $25,504 $149,717
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
2025 $5,695,488 $6,302,685 $10,481,298 $-607,197
2024 No data No data No data No data
2023 $9,656,026 $4,862,842 $9,094,866 $4,793,184
2023 $8,932,333 $4,862,842 $8,371,173 $4,069,491
2022 $3,752,797 $2,757,974 $4,472,166 $994,823
2021 $2,149,942 $903,729 $1,488,117 $1,246,213
2020 $452,434 $287,042 $253,476 $165,392
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