Overview
What is Merit America?
Merit America is a national career development nonprofit headquartered in Washington, D.C. Their mission is to create opportunities for Americans who are stuck in low-wage jobs, enabling them to access family-sustaining careers. Through fast and flexible solutions, Merit America empowers working adults by providing them with necessary skills and support. They collaborate with industry partners and employers for successful placements into in-demand, high-paying careers. In 2022, the organization exceeded its goal of serving 3,600 learners, achieving an average wage gain of $18,700 for alumni three months after completing the program. Merit America has also secured significant funding and partnerships, expanding its team and operations to serve more learners and foster diversity and inclusivity within the organization.
Official website here: www.meritamerica.org/
Is Merit America legitimate?
Merit America is a legitimate nonprofit organization registered as a 501(c)(3) entity. Merit America submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,261,543
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,631,563
For more financial information, click here
Official website here: www.meritamerica.org/
What is the mission statement of Merit America?
Merit America is a nonprofit dedicated to creating career development paths for millions of Americans without college degrees. Its mission is to empower working adults by providing them with the necessary skills and support to pursue in-demand, high-paying careers. Through collaborations with industry partners and employers, Merit America ensures successful placements into upwardly mobile careers. The organization aims to drive $1 billion in projected cumulative wage gains by 2025, connecting talented learners to in-demand career paths at scale. In 2022, Merit America served over 3,600 learners, surpassing its goal, and reported substantial wage gains for its alumni. These achievements validate the organization's effective approach in providing sustainable economic mobility.
Official website here: www.meritamerica.org/
Who is the CEO of Merit America?
Rebecca Taber Staehelin is the Co-Founder And Co-Ceo of Merit America. The CEO's salary of Merit America is $330,887 and their total compensation is $374,027.
Official website here: www.meritamerica.org/
What is the revenue of Merit America?
Who are the executives of Merit America and what are their salaries?
The average compensation at Merit America during 2022 was $62,966. There are 173 employees and 7 volunteers at Merit America.
Here are 16 key members and their salaries (Merit America's CEO's salary is $330,887 and their total compensation is $374,027):
- Rebecca Taber Staehelin (Co-Founder And Co-Ceo) [Trustee/Director]
- Connor Diemand-Yauman (Co-Founder And Co-Ceo) [Trustee/Director]
- Leila Makarechi (Chief Business Officer)
- Jennifer Mazzon (Chief Product Officer)
- Anne Keenan (Chief Marketing Officer)
- Amarpal Shahpuri (Development Director)
- Crystal Barcelo (Chief People Officer)
- Jumoke Balogun (Chief Experience Officer)
- Ryan Ouellette (Vice President Program Operations)
- Norman Atkins (Director/Board Chair)
- Stephanie Cornell (Director/Secretary/Treasurer)
- Yin Lu (Director)
- Janice Burns (Director (Thru 4/8/22))
- Naomi Bagdonas (Director (As Of 4/8/22))
- Ahmmad Brown (Director (As Of 4/8/22))
- Byron Auguste (Director (As Of 4/8/22))
Official website here: www.meritamerica.org/
Where can I find the form 990 for Merit America?
The Merit America’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.meritamerica.org/
Learn more at the official website: www.meritamerica.org/
Mission Statement of Merit America
Merit America, a national career development nonprofit, is dedicated to creating pathways to skilled careers for the millions of Americans who lack college degrees. This organization empowers working adults by equipping them with the necessary skills and support to pursue in-demand, high-paying careers. Through collaboration with industry partners and employers, Merit America ensures successful placements into upwardly mobile careers. By the end of 2025, Merit America aims to drive $1 billion in projected cumulative wage gains, connecting talented learners to in-demand career paths at scale.
In 2022, Merit America made substantial progress towards its organizational goals. The number of learners served experienced significant growth, with the organization aiming to launch cohorts for 2,500 learners but ultimately surpassing this target by serving 3,600 individuals. This represented threefold annual growth and a 146% increase in the number of learners served compared to the previous year. Third-party analysis conducted by the University of Virginia found that Merit America alumni experienced an average annual wage gain of $18,700 three or more months after completing the program. Over 80% of alumni reported positive wage gains at least three months after completion, with an average pre-program salary of $24,000 and an average post-program salary of $50,000 per year, resulting in an average wage gain of $26,000. These findings validate the effectiveness of Merit America's approach in providing sustainable economic mobility.
Merit America's estimated projected cumulative wage gains for learners served through 2022 totaled approximately $340 million, surpassing expectations and positioning the organization ahead of schedule towards its goal of driving $1 billion in projected cumulative wage gains by the end of 2025. The organization also secured $17.85 million in philanthropic funding in 2022 and became the inaugural partner of the Google Career Certificates Fund, a $100 million initiative launched in collaboration with Google CEO Sundar Pichai. This partnership strengthens Merit America's sustainability, enables the program to scale to serve many more learners, and affirms the recognition of its impactful work.
Impact
This information is meant to be a general summary of Merit America. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Merit America's impact can be seen in the significant progress it has made towards its mission of providing a path to skilled careers for millions of Americans without college degrees. In 2022, they exceeded their goal by serving 3,600 learners, tripling their reach from the previous year. Through rigorous evaluation practices, Merit America has demonstrated tangible outcomes, with alumni experiencing an average annual wage gain of $18.7K post-program completion.
Moreover, the organization's partnership with Google CEO Sundar Pichai's $100 million initiative underscores the recognition of its impactful work. By securing $17.85 million in philanthropic funding in 2022 and expanding their team to nearly 200 employees, Merit America has enhanced its capacity to scale operations and drive sustainable economic mobility.
With an emphasis on diversity and inclusion within the workforce, Merit America's commitment to creating scalable pathways for individuals in low-wage jobs to access upwardly mobile careers is evident. Their achievements in serving a growing number of learners, generating substantial wage gains, and fostering a supportive work environment underscore the organization's impactful contributions to economic mobility in the United States.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION REPAYMENT/PLACEMENT FEES
Revenue
$8,753,249
Organization Details
Founding Year
2019
Phone
(914) 310-3148
Principal Officer
Rebecca Taber Staehelin
Main Address
712 H STREET NE SUITE 1560, WASHINGTON, DC, 20002
Website
www.meritamerica.org/
NTEE Category
Code: P12 - Human services
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