Upward Scholars
- Assets
- $1.4m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 10
- Location
- Redwood City, CA
- Founding
- 07/2010
- Data as of
- 12/2023
- EIN
- 45-4128140
Organization Overview
Upward Scholars is located in Redwood City, CA. The organization was established in 2010. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 12/2023, Upward Scholars employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Upward Scholars 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 12/2023, Upward Scholars generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 36.1% each year . All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 36.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
UPWARD SCHOLARS PROVIDES ADULT IMMIGRANTS THE BOOST THEY NEED TO MOVE UP THE ECONOMIC LADDER THROUGH EDUCATION AND CAREER DEVELOPMENT SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UPWARD SCHOLARS FULFILLS ITS PURPOSE BY OFFERING ACADEMIC, FINANCIAL, HOLISTIC, AND CAREER DEVELOPMENT PROGRAMS TO ADULT IMMIGRANT COMMUNITY COLLEGE STUDENTS THROUGHOUT SAN MATEO COUNTY AND ALAMEDA COUNTYS PERALTA COMMUNITY COLLEGE DISTRICT. OUR FOUR PILLARS OF SUPPORT ARE: FINANCIAL SUPPORT TO LESSEN THE BURDEN OF ATTENDING COLLEGE, INCLUDING FREE TEXTBOOKS, COURSE MATERIALS, AND LAPTOPS, TRANSPORTATION ASSISTANCE, GROCERY GIFT CARDS, AND SUPPORT FOR OTHER COLLEGE COSTS, AS WELL AS A SAFETY NET FUND THAT ASSISTS STUDENTS WITH BASIC LIVING EXPENSES. ACADEMIC SUPPORT, INCLUDING COMMUNITY AND PEER TUTORS, OPPORTUNITIES TO IMPROVE ENGLISH SKILLS, PEER LEARNING FACILITATORS, ASSISTANCE WITH SCHOLARSHIP APPLICATIONS AND APPLICATIONS FOR TRANSFER TO FOUR-YEAR UNIVERSITIES, AND AN ANNUAL GRADUATION CELEBRATION. CAREER DEVELOPMENT, INCLUDING VOCATIONAL AND ENTREPRENEURSHIP PROGRAMS TO FOSTER STUDENTS CAREERS AS INTERPRETERS, NANNIES, BUSINESS OWNERS, AND TEACHERS, AND MENTORING. HOLISTIC SUPPORT TO FOSTER STUDENTS PHYSICAL, EMOTIONAL, SOCIAL, AND SPIRITUAL WELL-BEING, INCLUDING COUNSELING, RESOURCE NAVIGATION, AND WRITTEN REFERENCES. IN 2023, OUR GOAL WAS TO SERVE 400 STUDENTS; HOWEVER, WE SERVED 477 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Prieto Executive Dir. | Officer | 40 | $171,833 |
Erika Pretell President | OfficerTrustee | 3 | $0 |
Marilyn Ezrin Vice President | OfficerTrustee | 1.5 | $0 |
Eric Takaha Treasurer | OfficerTrustee | 1.5 | $0 |
Gabriel Swank Treasurer | OfficerTrustee | 1 | $0 |
Beth Harrison Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,648,749 |
| Noncash contributions included in lines 1a–1f | $9,561 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,663,749 |
| Total Program Service Revenue | $0 |
| Investment income | $25,070 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,688,819 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,500 |
| Grants and other assistance to domestic individuals. | $317,822 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $187,237 |
| Compensation of current officers, directors, key employees. | $56,171 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $508,226 |
| Pension plan accruals and contributions | $10,838 |
| Other employee benefits | $48,636 |
| Payroll taxes | $63,474 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,773 |
| Fees for services: Accounting | $24,571 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $24,180 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,682 |
| Advertising and promotion | $1,343 |
| Office expenses | $27,604 |
| Information technology | $12,776 |
| Royalties | $0 |
| Occupancy | $13,831 |
| Travel | $1,300 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,792 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,880 |
| Insurance | $7,985 |
| All other expenses | $0 |
| Total functional expenses | $1,321,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $328,944 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $289,500 |
| Accounts receivable, net | $0 |
| 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 | $11,291 |
| Net Land, buildings, and equipment | $3,761 |
| Investments—publicly traded securities | $806,469 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,439,965 |
| Accounts payable and accrued expenses | $46,057 |
| 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 | $0 |
| Total liabilities | $46,057 |
| Net assets without donor restrictions | $746,340 |
| Net assets with donor restrictions | $647,568 |
| 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 | $1,439,965 |