Creating Opportunities For Educational Development
- Assets
- $28.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- West Sacramento, CA
- Founding
- 09/2010
- Data as of
- 12/2022
- EIN
- 27-2973078
Organization Overview
Creating Opportunities For Educational Development, operating under the name Coed, is located in West Sacramento, CA. The organization was established in 2010. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coed 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 12/2022, Coed generated $15.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $16.5k during the year ending 12/2022. While expenses have increased by 13.7% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
FOR THE YEAR 2018, THE PROGRAM PROVIDED FINANCIAL ASSISTANCE TO A TOTAL OF 8 INDIGENT COLLEGE STUDENTS ATTENDING UNIVERSITIES IN THE PHILIPPINES. THREE OF THE 8 STUDENTS WERE NEW SCHOLARS WHO STARTED COLLEGE IN JUNE 2018. ALL STUDENTS WERE REQUIRED TO SUBMIT THEIR TRANSCRIPT OF RECORDS TO ENSURE THEY PASSED ALL THEIR CLASSES AND FULFILLED THE REQUIREMENT SET FORTH BY THE COED BOARD OF DIRECTORS. OF THE 8 STUDENTS, TWO ATTEND THE UNIVERSITY OF THE PHILIPPINES, WHILE SIX ATTEND THE POLYTECHNIC UNIVERSITY OF THE PHILIPPINES. ONE STUDENT IS MAJORING IN ECONOMICS, ONE IN STATISTICS, THREE IN ACCOUNTING, ONE IN MASS COMMUNICATION, ONE IN BIOLOGY AND ONE IN ELECTRICAL ENGINEERING. BY THE END OF 2018, 7 OF THE STUDENTS WERE ACHIEVING EXCELLENT GRADES WHILE ONE DROPPED OUT OF COLLEGE AND STOPPED COMMUNICATING WITH THE BOARD. THE BOARD DECIDED TO NO LONGER PROVIDE FINANCIAL ASSISTANCE TO THE STUDENT BECAUSE SHE STOPPED COMMUNICATING WITH THE BOARD AND WITH HER CO-SCHOLARS. ALTHOUGH THE BOARD PRESIDENT AND COED SCHOLARS DESPERATELY TRIED TO REACH OUT TO HER, SHE DID NOT COMMUNICATE BACK. BY THE END OF 2018, THE TOTAL NUMBER OF SCHOLARS WAS SEVEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rommel Carlos Board Of Director | 0.5 | $0 | |
Raeselle Lao Board Of Director | 0.5 | $0 | |
Errolben Elepano Treasurer | 1 | $0 | |
Marylou V Carlos President | 2 | $0 | |
Patricia Carlos Secretary | 1 | $0 | |
Gabriel Catapang Board Of Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,756 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $19 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,974 |
| Other Revenue | $0 |
| Total Revenue | $15,749 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $203 |
| Other expenses | $1,253 |
| Total expenses | $16,472 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $28,144 |
| Other assets | $0 |
| Total assets | $28,144 |
| Total liabilities | $0 |
| Net assets or fund balances | $28,144 |