Doorway To College Foundation
- Assets
- $1.0m
- Revenue
- $742.0k
- Investments
- $0.0
- Employees
- 46
- Location
- North Liberty, IA
- Founding
- 01/2015
- Data as of
- 06/2022
- EIN
- 47-2060670
Organization Overview
Doorway To College Foundation is located in North Liberty, IA. The organization was established in 2015. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Doorway To College Foundation employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Doorway To College Foundation 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 06/2022, Doorway To College Foundation generated $742.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $952.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 7 years. 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
PREPARE STUDENTS FOR THEIR TRANSITION TO HIGHER EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FY2021, ENDED 6/30/2022, D2CF CONDUCTED APPROXIMATELY 325 LIVE HIGH SCHOOL SEMINARS, USING PROPRIETARY MATERIALS TO TRAIN TEACHERS AND STUDENTS ON HOW TO PREPARE FOR THE PSAT, THE SAT, AND THE ACT. D2CF ALSO CONDUCTED INSTRUCTIONAL CLASSES TEACHING GRADES 7-12 STUDY SKILLS. IN ADDITION TO THE LIVE SEMINARS, D2CF OFFERED ON-LINE AND WEB-BASED TEACHING/LEARNING, MATERIALS, SUCH AS A 42-MODULE ACT INSTRUCTIONAL CLASS AND A SERIES OF COLLEGE-READINESS E-BOOKS. ADDITIONALLY, THEY PROVIDED GUIDANCE IN EVERYTHING FROM CHOOSING A COLLEGE, TO COMPLETING THE APPLICATION PROCESS AND APPLYING FOR FINANCIAL AID. REVENUE WAS GENERATED FROM FEES PAID BY SCHOOLS, SPONSORS, AND PARENTS. D2CF SERVED APPROXIMATELY 6,700 STUDENTS DURING THE FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelsey Foster Executive Director | OfficerTrustee | 40 | $84,616 |
Nelson Robinson Treasurer/vp Finance | OfficerTrustee | 40 | $69,321 |
Josh Frahm President | OfficerTrustee | 1 | $0 |
Randy Mcdonough Director | Trustee | 1 | $0 |
Derek Dallmann Director | Trustee | 1 | $0 |
Henry Caudle Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $741,897 |
| Investment income | $152 |
| 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 | $742,049 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $191,207 |
| Compensation of current officers, directors, key employees. | $180,082 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $341,266 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,295 |
| Payroll taxes | $51,806 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $75 |
| Fees for services: Accounting | $2,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $34,950 |
| Office expenses | $35,603 |
| Information technology | $6,368 |
| Royalties | $11,714 |
| Occupancy | $11,066 |
| Travel | $51,519 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $119,353 |
| Interest | $32,152 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,174 |
| Insurance | $1,303 |
| All other expenses | $6,366 |
| Total functional expenses | $951,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $449,795 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,471 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $48,442 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,394 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $495,963 |
| Other assets | $0 |
| Total assets | $1,001,065 |
| Accounts payable and accrued expenses | $65,609 |
| Grants payable | $0 |
| Deferred revenue | $18,469 |
| 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 | $1,082,624 |
| Other liabilities | $0 |
| Total liabilities | $1,166,702 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | -$165,637 |
| Total liabilities and net assets/fund balances | $1,001,065 |