National College Advising Corps Inc
- Assets
- $20.3m
- Revenue
- $21.7m
- Investments
- $0.0
- Employees
- 120
- Location
- Chapel Hill, NC
- Founding
- 05/2013
- Data as of
- 06/2021
- EIN
- 46-1192687
Organization Overview
National College Advising Corps Inc is located in Chapel Hill, NC. The organization was established in 2013. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 06/2021, National College Advising Corps Inc employed 120 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National College Advising Corps Inc 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 06/2021, National College Advising Corps Inc generated $21.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $25.1m during the year ending 06/2021. While expenses have increased by 11.0% per year over the past 6 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.
Since 2015, National College Advising Corps Inc has awarded 195 individual grants totaling $98,018,064. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COLLEGE ADVISING CORPS WORKS TO INCREASE COLLEGE ACCESS FOR UNDER-REPRESENTED HIGH SCHOOL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE ADVISING CORPS PARTNERS WITH MORE THAN 30 UNIVERSITIES NATIONWIDE. TOGETHER, WE COLLABORATE TO PLACE RECENT COLLEGE GRADUATES SERVING AS NEAR-PEER ADVISERS IN UNDERSERVED HIGH SCHOOLS ACROSS THE U.S. WHERE THEY HELP STUDENTS FIND AND PURSUE THEIR BEST HIGHER EDUCATION PATH. IN FY 2021, ALMOST 70% OF AMERICA'S STUDENTS ADVISED BY A COLLEGE ADVISING CORPS ADVISER IDENTIFIED AS PEOPLE OF COLOR, AS DID 66% OF COLLEGE ADVISING CORPS ADVISERS. FIFTY-SIX PERCENT OF CAC ADVISERS WERE FIRST-GENERATION COLLEGE GRADUATES. STUDENTS IDENTIFY WITH THEIR ADVISERS, WHICH FOSTERS A SUPPORTIVE AND POWERFUL CONNECTION BETWEEN THE TWO. ADVISERS BRIDGE DISPARITIES FOR DISADVANTAGED HIGH SCHOOL STUDENTS, PROVIDING COUNSELING AND ADVICE THAT ALLOWS STUDENTS TO REALIZE AND ACHIEVE THEIR COLLEGE POTENTIAL.
WHILE COLLEGE ADVISING CORPS' PRIMARY MISSION IS TO INCREASE POST-SECONDARY OPPORTUNITIES FOR STUDENTS, A POWERFUL SECONDARY OUTCOME RELATES TO THE PROFESSIONAL DEVELOPMENT, LEADERSHIP SKILLS, AND PERSONAL GROWTH ADVISERS GAIN AS A RESULT OF THEIR SERVICE. THROUGH COLLEGE ADVISING CORPS' TRAINING AND SERVICE, ADVISERS ACQUIRE VALUABLE WORK AND LIFE EXPERIENCE. COLLEGE ADVISING CORPS ALUMNI GO ON TO BECOME POWERFUL LEADERS FOR CHANGE. SINCE 2005, COLLEGE ADVISING CORPS HAS SERVED MORE THAN 1.5 MILLION SENIORS, NEARLY 70,000 OF WHOM HAVE ENROLLED IN EITHER A TWO-YEAR COMMUNITY COLLEGE OR A FOUR-YEAR UNIVERSITY AS OF ACADEMIC YEAR 2021. IN FY 2021, 783 NEAR-PEER ADVISERS SERVED ABOUT 220,000 STUDENTS IN 746 HIGH SCHOOLS ACROSS 17 STATES. ACCORDING TO TYPICAL RESULTS FROM OUR ANNUAL SENIOR SURVEY, STUDENTS WHO REPORT MEETING WITH A COLLEGE ADVISING CORPS ADVISER ARE ALSO MORE LIKELY TO COMPLETE CRUCIAL COLLEGE GOING STEPS COMPARED TO STUDENTS WHO DID NOT MEET WITH THEIR ADVISER. FOR EXAMPLE, CLASS OF 2021 SENIORS FROM OUR RHODE ISLAND PROGRAM WERE 33% MORE LIKELY TO SUBMIT THE FAFSA AND 21% MORE LIKELY TO APPLY TO COLLEGE IF THEY REPORTED MEETING WITH THEIR ADVISER. WITH THE EMERGENCE OF VIRTUAL ENVIRONMENTS DUE TO THE COVID-19 PANDEMIC, COLLEGE ADVISING CORPS' WORK HAS NEVER BEEN MORE CRITICAL THAN IT WAS IN FY 21.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Hurd CEO | OfficerTrustee | 40 | $414,720 |
Donald Miller CFO | Officer | 40 | $175,000 |
Gregory Nicholson Chief Programs Officer | 40 | $172,438 | |
Ekaterina Struett Chief Of Staff | 40 | $138,565 | |
Emily Blatter Boyer Sr. Director Knowledge Management | 40 | $133,291 | |
Karen Butler Sr. Director Pf Communications, Marketing And Bran | 40 | $127,506 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ease Evaluation And Impact Services | 6/29/20 | $338,691 |
Morgan Creek Capital Management Rent | 6/29/20 | $115,000 |
Morgan Creek Capital Management Rent | 6/29/20 | $115,000 |
Ease Evaluation And Impact Services | 6/29/20 | $338,691 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,331,680 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,310,574 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,642,254 |
| Total Program Service Revenue | $43,381 |
| Investment income | $242 |
| 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 | $21,685,877 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,703,913 |
| Grants and other assistance to domestic individuals. | $252,067 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $609,360 |
| Compensation of current officers, directors, key employees. | $232,232 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,859,526 |
| Pension plan accruals and contributions | $142,813 |
| Other employee benefits | $732,128 |
| Payroll taxes | $359,308 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,440 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,489,047 |
| Advertising and promotion | $5,327 |
| Office expenses | $35,508 |
| Information technology | $243,622 |
| Royalties | $0 |
| Occupancy | $137,818 |
| Travel | $115,203 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $68,516 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $147,183 |
| Insurance | $20,591 |
| All other expenses | $0 |
| Total functional expenses | $25,101,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,567,754 |
| Savings and temporary cash investments | $2,024,097 |
| Pledges and grants receivable | $14,209,548 |
| Accounts receivable, net | $46,584 |
| 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 | $86,764 |
| Net Land, buildings, and equipment | $390,077 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,382 |
| Total assets | $20,327,206 |
| Accounts payable and accrued expenses | $760,161 |
| Grants payable | $17,200,488 |
| 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 | $1,061,043 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $19,021,692 |
| Net assets without donor restrictions | -$18,395,334 |
| Net assets with donor restrictions | $19,700,848 |
| 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 | $20,327,206 |
Grants Awarded
Over the last fiscal year, National College Advising Corps Inc has awarded $2,334,250 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH CAROLINA STATE UNIVERSITY ( NC STATE) PURPOSE: PROGRAM OPERATIONS IN REGIONAL HIGH SCHOOLS | $647,149 |
Lancaster, PA PURPOSE: PROGRAM OPERATIONS IN REGIONAL HIGH SCHOOLS | $457,226 |
College Station, TX PURPOSE: PROGRAM OPERATIONS IN REGIONAL HIGH SCHOOLS | $453,153 |
Ann Arbor, MI PURPOSE: PROGRAM OPERATIONS IN REGIONAL HIGH SCHOOLS | $234,725 |
San Antonio, TX PURPOSE: PROGRAM OPERATIONS IN REGIONAL HIGH SCHOOLS | $159,134 |
UNIVERSITY OF TEXAS- AUSTIN PURPOSE: PROGRAM OPERATIONS IN REGIONAL HIGH SCHOOLS | $139,377 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that National College Advising Corps Inc has recieved totaling $8,229,940.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $2,000,000 |
Bloomberg Family Foundation Inc New York, NY PURPOSE: TO PROMOTE COLLEGE ACCESS & SUCCESS FOR HIGH ACHIEVING LOW AND MIDDLE - INCOME STUDENTS | $1,867,313 |
The Onestar Foundation Austin, TX PURPOSE: AMERICORPS SUB-GRANT | $1,210,962 |
John M Belk Endowment Charlotte, NC PURPOSE: THE CLASS DOCUMENTARY SERIES | $1,000,000 |
Taco Bell Foundation Inc Irvine, CA PURPOSE: TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR UNDERPRIVILEGED CHILDRE, TO HELP THEM GROW UP | $495,075 |
John M Belk Endowment Charlotte, NC PURPOSE: SUPPORT FOR THE 2020-21 SCHOOL YEAR IN NORTH CAROLINA | $300,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National College Advising Corps Inc Chapel Hill, NC | $20,327,206 | $21,685,877 |
Tennessee State Collaborative On Reforming Education Nashville, TN | $23,375,202 | $18,088,323 |
Cameron Foundation Petersburg, VA | $170,387,931 | $14,350,568 |
Youth Educational Services Inc Tucker, GA | $1,618,316 | $5,042,597 |
Meridian Education Resource Group Inc Atlanta, GA | $7,961,644 | $4,980,107 |
Virginia Tech Services Inc Blacksburg, VA | $8,676,644 | $3,908,616 |
Student U Durham, NC | $9,122,297 | $4,911,286 |
Technology Student Association Reston, VA | $4,030,587 | $3,611,530 |
Petersburg Library Foundation Inc Petersburg, VA | $154,347 | $1,622,780 |
The University Of Virginias College At Wise Foundation Inc Wise, VA | $42,097,023 | $1,930,622 |
National Technical Honor Society Flat Rock, NC | $2,944,841 | $1,721,548 |
E-Polk Tryon, NC | $1,902,633 | $1,526,655 |