Collegetracks
- Assets
- $901.6k
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 39
- Location
- Silver Spring, MD
- Founding
- 05/2006
- Data as of
- 06/2022
- EIN
- 20-4499806
Organization Overview
Collegetracks is located in Silver Spring, MD. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, Collegetracks employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Collegetracks is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Collegetracks generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $2.6m during the year ending 06/2022. While expenses have increased by 12.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CHANGES LIVES AND COMMUNITIES BY GIVING LOW-INCOME AND FIRST GENERATION-TO-COLLEGE STUDENTS THE CHANCE TO GO TO COLLEGE WITH ENOUGH FINANCIAL AID AND CONTINUING SUPPORT TO ATTAIN DEGREES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OFFER: (1) COLLEGE ADMISSIONS AND FINANCIAL AID ADVISING TO STUDENTS AND FAMILIES SO THEY SUCCESSFULLY NAVIGATE THE COLLEGE ADMISSIONS PROCESS; (2) COLLEGE SUCCESS ADVISING TO INCREASE THE LIKELIHOOD THAT LOW-INCOME, FIRST-GENERATION COLLEGE STUDENTS WILL ATTAIN DEGREES.
SCHOLARSHIPS: THE B-CC COMMUNITY SCHOLARSHIPS AWARDED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mecha Inman CEO | Officer | 40 | $171,923 |
Kevin Beverly President | OfficerTrustee | 2 | $0 |
Hilary Joel Vice President | OfficerTrustee | 2 | $0 |
Robert Phillips Treasurer | OfficerTrustee | 2 | $0 |
Margaret Fitzgerald-Bare Secretary | OfficerTrustee | 2 | $0 |
Anupam Ghosh Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,343,466 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,216,403 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,559,869 |
| Total Program Service Revenue | $0 |
| Investment income | $594 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $52 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,560,515 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,825 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $180,256 |
| Compensation of current officers, directors, key employees. | $14,369 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,710,663 |
| Pension plan accruals and contributions | $38,290 |
| Other employee benefits | $87,113 |
| Payroll taxes | $150,716 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,722 |
| Advertising and promotion | $0 |
| Office expenses | $13,714 |
| Information technology | $792 |
| Royalties | $0 |
| Occupancy | $85,633 |
| Travel | $110 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,741 |
| Insurance | $7,431 |
| All other expenses | $17,581 |
| Total functional expenses | $2,581,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $269,635 |
| Savings and temporary cash investments | $38,019 |
| Pledges and grants receivable | $194,486 |
| Accounts receivable, net | $72,485 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,321 |
| Net Land, buildings, and equipment | $3,656 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $298,025 |
| Total assets | $901,627 |
| Accounts payable and accrued expenses | $152,560 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $345,453 |
| Total liabilities | $498,013 |
| Net assets without donor restrictions | $26,246 |
| Net assets with donor restrictions | $377,368 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $901,627 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Collegetracks has recieved totaling $403,761.
| Awarding Organization | Amount |
|---|---|
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $159,600 |
John Edward Fowler Memorial Foundation Oakton, VA PURPOSE: GENERAL OPERATING | $50,000 |
Morris And Gwendolyn Cafritz Foundation Washington, DC PURPOSE: EDUCATION | $35,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $31,080 |
Joseph E Robert Jr Charitable Trust Washington, DC PURPOSE: MISSION PURPOSE | $25,000 |
Joseph E Robert Jr Charitable Trust Washington, DC PURPOSE: MISSION PURPOSE | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
American Association Of University Women Inc Washington, DC | $138,843,361 | $18,528,803 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Indian Paintbrush Foundation Washington, DC | $2,617,521,485 | $1,521,981,843 |
Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |
Children Of Fallen Patriots Foundation Reston, VA | $18,264,760 | $13,060,746 |
District Of Columbia College Access Program Washington, DC | $105,959,870 | $18,161,486 |
Asian And Pacific Islander American Scholarship Fund Washington, DC | $37,686,826 | $13,616,717 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |
James Annenberg La Vea Charitable Foundation Philadelphia, PA | $176,224,277 | $5,500,392 |