National College Advising Corps Inc
- Assets
- $15.6m
- Revenue
- $21.7m
- Investments
- $0.0
- Employees
- 89
- Location
- Raleigh, NC
- Founding
- 05/2013
- Data as of
- 06/2023
- EIN
- 46-1192687
Organization Overview
National College Advising Corps Inc is located in Raleigh, 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 06/2023, National College Advising Corps Inc employed 89 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 06/2023, National College Advising Corps Inc generated $21.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $15.6m during the year ending 06/2023. While expenses have increased by 1.9% 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.
Since 2015, National College Advising Corps Inc has awarded 226 individual grants totaling $107,629,193. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE OPPORTUNITIES FOR STUDENTS BY MAKING EDUCATION BEYOND HIGH SCHOOL MORE ACCESSIBLE AND EQUITABLE. WE ENVISION A WORLD WHERE STUDENTS' BACKGROUNDS DO NOT DETERMINE THEIR DESTINIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAUNCHED IN 2005, WITH 14 ADVISERS SERVING 2,500 STUDENTS IN VIRGINIA, CAC HAS NOW HELPED OVER 825,000 STUDENTS NATIONWIDE TO ENROLL IN 2- AND 4-YEAR POSTSECONDARY EDUCATION PROGRAMS IMMEDIATELY AFTER GRADUATION. TO DATE, CAC ADVISERS HAVE HELPED THESE STUDENTS SECURE $2 BILLION IN POSTSECONDARY FINANCIAL AID, INCLUDING SCHOLARSHIPS. THE RESULT OF THIS STUDENT SUCCESS IS AN ESTIMATED $4 BILLION IN LIFETIME EARNINGS FROM U.S. COLLEGE GRADUATES ADVISED BY CAC.
CAC IS DIFFERENT FROM OTHER COLLEGE ACCESS ORGANIZATIONS. CAC BELIEVES THAT EDUCATIONAL EQUITY MEANS THAT 100% OF HIGH SCHOOL STUDENTS DESERVE PERSONALIZED GUIDANCE SO THEY CAN IDENTIFY THEIR BEST CAREER PATH. CAC PROVIDES WHOLE-SCHOOL, WRAP-AROUND COLLEGE AND CAREER SERVICES TO ALL STUDENTS AND THEIR FAMILIES EVEN BEFORE SENIOR YEAR, RATHER THAN FOCUSING ON A SMALL COHORT OF TOP-PERFORMING, COLLEGE-BOUND SENIORS. CAC'S "BEST MATCH/BEST FIT" MODEL MEETS STUDENTS WHERE THEY ARE, HELPING THEM TO IDENTIFY AND MATRICULATE AT INSTITUTIONS THAT REPRESENT A GOOD ACADEMIC MATCH AND A GOOD FINANCIAL, SOCIAL, AND CULTURAL FIT, SO THEY ARE WELL PREPARED TO PERSIST AND GRADUATE WITH MINIMAL DEBT. ROUGHLY 80% OF THE SENIORS CAC SERVES GRADUATE FROM HIGH SCHOOL. ON AVERAGE, 50% OF THESE STUDENTS WILL ENROLL IN A 4-YEAR BACCALAUREATE PROGRAM, A 2-YEAR ASSOCIATE'S PROGRAM, OR A TRADE CERTIFICATION PROGRAM BY THE FALL AFTER GRADUATION. OTHERS WILL JOIN THE MILITARY OR CHOOSE SIMILAR EDUCATIONAL PATHS IN SUBSEQUENT YEARS.
IN ACADEMIC YEAR 2021-22, PARTNERING WITH 33 COLLEGES AND UNIVERSITIES, OVER 840 CAC ADVISERS WORKED IN 750 HIGH SCHOOLS IN 19 STATES, HELPING MORE THAN 200,000 HIGH SCHOOL SENIORS PURSUE A BETTER LIFE AND ECONOMIC MOBILITY THROUGH EDUCATION BEYOND HIGH SCHOOL. OF STUDENTS SERVED, 84% WERE ELIGIBLE FOR FREE OR REDUCED-PRICE LUNCH. TWO-THIRDS WERE FROM URBAN COMMUNITIES WHILE THE OTHER ONE THIRD WERE FROM RURAL AREAS. STUDENT DEMOGRAPHICS INCLUDED: 39% BLACK OR AFRICAN-AMERICAN; 30% WHITE, NON-HISPANIC; 23% HISPANIC OR LATINX; 4% ASIAN OR PACIFIC ISLANDER; 3% MULTI-OR BIRACIAL; AND 1% NATIVE AMERICAN OR ALASKAN NATIVE. LAST YEAR, CAC ADVISERS HELPED THESE HIGH SCHOOL GRADUATES TO SECURE OVER $900 MILLION IN SCHOLARSHIPS AND STUDENT AID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Denning Member | Trustee | 0.5 | $0 |
Daveed Diggs Member | Trustee | 0.5 | $0 |
Joaquin Castro Member | Trustee | 0.5 | $0 |
Holden Thorp Member | Trustee | 0.5 | $0 |
Mc Belk Pilon Member | Trustee | 0.5 | $0 |
Andre Dua Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ease Research/data Analysis | 6/29/23 | $308,497 |
Elliott Davic Llc Audit Services | 6/29/23 | $107,790 |
Admithub Software Consultant | 6/29/23 | $102,850 |
Briteweb Software Consultant | 6/29/23 | $252,813 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,903,396 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,289,754 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,193,150 |
| Total Program Service Revenue | $526,143 |
| Investment income | $30,926 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$19,493 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,730,726 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,371,972 |
| Grants and other assistance to domestic individuals. | $8,095 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $815,000 |
| Compensation of current officers, directors, key employees. | $188,538 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,633,949 |
| Pension plan accruals and contributions | $110,739 |
| Other employee benefits | $333,102 |
| Payroll taxes | $262,640 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50,208 |
| 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 | $631,241 |
| Advertising and promotion | $32,625 |
| Office expenses | $34,234 |
| Information technology | $806,881 |
| Royalties | $0 |
| Occupancy | $6,542 |
| Travel | $215,351 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $51,971 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,150 |
| Insurance | $28,934 |
| All other expenses | $0 |
| Total functional expenses | $15,603,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,225,433 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,169,443 |
| Accounts receivable, net | $6,477 |
| 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 | $75,542 |
| Net Land, buildings, and equipment | $116,667 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,662 |
| Total assets | $15,598,224 |
| Accounts payable and accrued expenses | $91,607 |
| Grants payable | $1,475,574 |
| Deferred revenue | $47,904 |
| 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 | $773,498 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,388,583 |
| Net assets without donor restrictions | $432,889 |
| Net assets with donor restrictions | $12,776,752 |
| 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 | $15,598,224 |
Grants Awarded
Over the last fiscal year, National College Advising Corps Inc has awarded $9,358,793 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
APPALACHIAN STATE UNIVERSITY PURPOSE: COLLEGE ADVISING PROGRAM OPERATIONS | $260,118 |
BOSTON UNIVERSITY PURPOSE: COLLEGE ADVISING PROGRAM OPERATIONS | $425,763 |
FRANKLIN & MARSHALL COLLEGE PURPOSE: COLLEGE ADVISING PROGRAM OPERATIONS | $326,237 |
DUKE UNIVERSITY PURPOSE: COLLEGE ADVISING PROGRAM OPERATIONS | $169,405 |
GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION PURPOSE: COLLEGE ADVISING PROGRAM OPERATIONS | $479,772 |
MICHIGAN STATE UNIVERSITY (MSU) PURPOSE: COLLEGE ADVISING PROGRAM OPERATIONS | $317,282 |