Student U
- Assets
- $9.9m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 161
- Location
- Durham, NC
- Founding
- 09/2010
- Data as of
- 12/2022
- EIN
- 27-3460491
Organization Overview
Student U is located in Durham, NC. The organization was established in 2010. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 12/2022, Student U employed 161 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Student U 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, Student U generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2022. 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
TO EMPOWER AND EQUIP FIRST-GENERATION COLLEGE STUDENTS IN DURHAM PUBLIC SCHOOLS, THEIR FAMILIES, AND EDUCATORS TO BECOME THE LEADERS THAT WILL TRANSFORM OUR CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MIDDLE SCHOOL PROGRAM: STUDENT US MIDDLE SCHOOL PROGRAM SERVES 150 STUDENTS AND FAMILIES IN THE DURHAM PUBLIC SCHOOLS THROUGH A 5-WEEK SUMMER ACADEMY AND A DAILY AFTER-SCHOOL PROGRAM THROUGHOUT THE SCHOOL YEAR. STUDENTS RECEIVE INSTRUCTION IN ENGLISH, MATH, SCIENCE, AND GLOBAL CONNECT, AS WELL AS ELECTIVE CLASSES. DURING THE SCHOOL YEAR, STUDENTS HAVE AN OPPORTUNITY TO COMPLETE HOMEWORK, RECEIVE INDIVIDUALIZED TUTORING, AND ATTEND ELECTIVE CLASSES. FAMILIES ARE ENGAGED THROUGH MONTHLY PHONE CALLS, FAMILY CONFERENCES EACH SEMESTER, FAMILY WORKSHOPS, AND LARGER COMMUNITY DAYS THROUGHOUT THE YEAR.
STUDENT US HIGH SCHOOL PROGRAM SERVES 200 STUDENTS AND FAMILIES IN THE DURHAM PUBLIC SCHOOLS THROUGH A 5-WEEK SUMMER ACADEMY, A TWICE/WEEK TUTORING PROGRAM DURING THE SCHOOL YEAR, AN IN-SCHOOL ADVOCATE, AND AN INTERNSHIP PROGRAM FOR RISING 11TH AND 12TH GRADERS. STUDENTS ATTEND MONTHLY CLUSTER MEETINGS WITH OTHER STUDENT U STUDENTS WHO ATTEND THEIR SCHOOL, U-PREP SATURDAYS FOR INTERACTIVE WORKSHOPS FOR BOTH STUDENTS AND FAMILIES REGARDING SUCCEEDING IN HIGH SCHOOL AND PREPARING FOR COLLEGE, AND COLLEGE-BOUND ACTIVITIES AND ADVISING IN 11TH AND 12TH GRADES.
W.G. PEARSON CENTER PARTNERSHIP PROGRAMS: IN 2017, THE W.G. PEARSON CENTER WAS ACQUIRED AND RENOVATED BY AN AFFILIATE OF THE SELF-HELP VENTURES FUND. STUDENT U BECAME THE MASTER TENANT OF THE SPACE IN 2018 AND HAS BEEN COMMITTED TO KEEPING THE CENTER A YOUTH-CENTERED SPACE THAT HOUSES ACTIVITIES AND PROGRAMS THAT ENRICH THE LIVES AND OUTCOMES OF YOUNG PEOPLE AND THE SURROUNDING HISTORIC HAYTI COMMUNITY. IN ORDER TO ACCOMPLISH THESE COMMITMENTS, STUDENT U SUBLEASES PORTIONS OF THE CENTER AND ITS GROUNDS TO OTHER NONPROFIT ORGANIZATIONS WHO ARE ALIGNED IN THESE GOALS AS WELL AS TO THE HAYTI COMMUNITY. STUDENT U HAS FURTHER PLANS TO PARTNER WITH OTHER ORGANIZATIONS TO UTILIZE THE KITCHEN SPACE TO SUPPORT MINORITY OWNED FOOD BUSINESSES WHO ACTIVELY WORK TO ADDRESS FOOD INSECURITY IN 2024.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Salo Chief Operating Officer | Officer | 0 | $118,392 |
Michelle Price Executive Director | Officer | 0 | $49,158 |
Clarence Laney Board Member | Trustee | 2 | $0 |
Datra Jackson Board Member | Trustee | 2 | $0 |
Pablo Friedman Board Member | Trustee | 2 | $0 |
Sam Miglarese Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $783,831 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,881,866 |
| Noncash contributions included in lines 1a–1f | $38,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,665,697 |
| Total Program Service Revenue | $344,132 |
| Investment income | $81,471 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,399 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,089,901 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $31,779 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $199,987 |
| Compensation of current officers, directors, key employees. | $58,457 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,574,025 |
| Pension plan accruals and contributions | $15,516 |
| Other employee benefits | $180,417 |
| Payroll taxes | $136,155 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $94,828 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $40,500 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $65,336 |
| Advertising and promotion | $1,281 |
| Office expenses | $36,878 |
| Information technology | $55,430 |
| Royalties | $0 |
| Occupancy | $437,819 |
| Travel | $85,282 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,559 |
| Interest | $468 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,968 |
| Insurance | $20,604 |
| All other expenses | $0 |
| Total functional expenses | $3,137,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,403,347 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,033,489 |
| Accounts receivable, net | $15,483 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,463,290 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $29,630 |
| Net Land, buildings, and equipment | $145,028 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $25,366 |
| Other assets | $808,329 |
| Total assets | $9,923,962 |
| Accounts payable and accrued expenses | $52,039 |
| 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 | $907,889 |
| Total liabilities | $959,928 |
| Net assets without donor restrictions | $7,417,322 |
| Net assets with donor restrictions | $1,546,712 |
| 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 | $9,923,962 |