College For Social Innovation Inc is located in Boston, MA. The organization was established in 2016. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 06/2022, College For Social Innovation Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College For Social Innovation 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 06/2022, College For Social Innovation Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $2.5m during the year ending 06/2022. 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 EDUCATE AND INSPIRE THE NEXT GENERATION OF PROBLEM SOLVERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE FOR SOCIAL INNOVATION (CFSI) IS A NEW COLLEGE PARTNERSHIP MODEL WITH A MISSION OF EDUCATING AND INSPIRING THE NEXT GENERATION OF PROBLEM SOLVERS. OUR MODEL PROVIDES OPPORTUNITIES FOR DIVERSE COHORTS OF COLLEGE STUDENTS TO EARN A FULL SEMESTER OF CREDIT FOR WELL-SUPPORTED FELLOWSHIPS IN NON-PROFITS, THE PUBLIC SECTOR, AND SOCIAL MISSION BUSINESSES. STUDENTS LEARN THROUGH ACTIVE MENTORING, JOB-RELATED ASSIGNMENTS, AND RELATED SEMINARS AND REFLECTION ACTIVITIES, ALL OF WHICH WILL HELP THEM BUILD CAREER-BASED COMPETENCIES, SOCIAL AND EMOTIONAL SKILLS, AND NETWORKS. STUDENTS SERVE FOUR DAYS A WEEK WITH HOST ORGANIZATIONS, WORKING UNDER A DEDICATED MENTOR AND ALSO PARTICIPATE IN A FOUNDATION COURSE OFFERED ONE EVENING, "THE SOCIAL INNOVATOR'S TOOL BOX, AND ENGAGE IN A SKILL-BUILDING AND REFLECTIVE COURSE ON FRIDAYS CALLED "BECOMING A PROBLEM SOLVER." PARTICIPATING STUDENTS EARN A FULL 16 CREDITS (OR EQUIVALENT) FROM THEIR HOME COLLEGE WITH NO ADDITIONAL TUITION OR FEES. HOST ORGANIZATIONS ARE ABLE TO INVEST IN FUTURE TALENT THROUGH THE OPPORTUNITY TO MENTOR AND DEVELOP A STUDENT FELLOW. OUR LONG-TERM GOAL IS TO CREATE A BIGGER, BETTER PREPARED, AND MORE DIVERSE TALENT PIPELINE FOR THE SOCIAL SECTOR.AFTER AVERAGING 81 STUDENTS PER YEAR IN THE LAST THREE YEARS OF THE PROGRAM, WE ENROLLED 112 STUDENTS IN FY22 - 52 STUDENTS IN THE FALL SEMESTER AND 60 IN THE SPRING. THE 60 STUDENTS ENROLLED IN THE SPRING SEMESTER WAS THE LARGEST COHORT WE HAVE ENROLLED SINCE OUR INCEPTION AND OVER 60% OF THEM IDENTIFIED AS FIRST GENERATION, LOW-INCOME, AND/OR A STUDENT OF COLOR. TO DATE, WE HAVE PARTNERED WITH 164 UNIQUE HOST ORGANIZATIONS (NON-PROFITS, GOVERNMENT AGENCIES, AND SOCIAL MISSION BUSINESSES) AND 88% OF ORGANIZATIONS REPORTED THEY WOULD AT LEAST INTERVIEW THEIR FELLOW EMPLOYEES FOR A JOB OPENING. FURTHERMORE, 99% OF STUDENTS WHO COMPLETED THE PROGRAM REPORTED BECOMING A MORE VALUABLE EMPLOYEE, 98% OF STUDENTS GAINED MORE SKILLS SUCH AS PUBLIC SPEAKING AND HUMAN CENTERED DESIGN, AND 91% OF STUDENTS REPORTED THEY EXPANDED THEIR NETWORK, AND 96% OF ALUMNI WHO COMPLETED THE PROGRAM AND GRADUATED FROM COLLEGE ARE REPORTING THEY ARE EITHER EMPLOYED FULL-TIME, EMPLOYED PART-TIME, COMPLETING A GRADUATE DEGREE, OR ARE PARTICIPATING IN A NATIONAL SERVICE PROGRAM SIX-MONTHS AFTER COMPLETING THEIR UNDERGRADUATE DEGREE. 60% OF ALUMNI OF THE PROGRAM ARE WORKING IN THE SOCIAL SECTOR. STARTING IN THE SPRING 2021 SEMESTER, WE ALSO PILOTED A PROGRAM WITH THE UNIVERSITY OF NEW HAMPSHIRE TO ACCOMMODATE HOST ORGANIZATIONS IN THE DURHAM, NH AREA. EACH STUDENT WHO ENROLLED IN THE PROGRAM REPORTED SIMILAR, IF NOT STRONGER, RESULTS TO OUR FLAGSHIP PROGRAM BEING RUN IN BOSTON. WE ARE LEVERAGING THE LESSONS FROM THIS PILOT TO LAUNCH THE SEMESTER FOR IMPACT PROGRAM IN 2023-24, GIVING STUDENTS A CHANCE TO EARN A SEMESTER OF CREDIT THROUGH AN IMMERSIVE INTERNSHIP IN THEIR HOME COLLEGE COMMUNITY AND RELATED CLASSES. WE ALSO CONTINUE TO GROW A SUSTAINABLE ORGANIZATION BY RAISING IN FY22 MORE THAN $1,200,000 IN PHILANTHROPIC GIVING AND $1,300,000 IN EARNED REVENUE (FEES FROM COLLEGE AND HOST ORGANIZATIONS AND FROM STUDENTS TO COVER HOUSING COSTS), MOVING US A STEP TOWARD OUR GOAL OF COVERING AT LEAST 80 PERCENT OF OUR OPERATING COSTS THROUGH EARNED REVENUE. WE COVERED 57% OF OUR TOTAL COSTS WITH EARNED REVENUE IN FY22 COMPARED TO 41% PRE-PANDEMIC IN FY19.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Eric Schwarz Ceo/president | OfficerTrustee | 40 | $187,407 |
Edith Buhs Chief Program Officer | Officer | 40 | $116,979 |
Tom Craig Treasurer | OfficerTrustee | 5 | $0 |
Tulaine Montgomery Director | Trustee | 5 | $0 |
James Atwood Director | Trustee | 5 | $0 |
Adria Goodson Director | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $210,578 |
All other contributions, gifts, grants, and similar amounts not included above | $920,199 |
Noncash contributions included in lines 1a–1f | $90,478 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,130,777 |
Total Program Service Revenue | $1,330,965 |
Investment income | $1,409 |
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 | $2,463,151 |
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. | $377,126 |
Compensation of current officers, directors, key employees. | $10,869 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $898,378 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $104,064 |
Payroll taxes | $100,595 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $35,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $64,846 |
Advertising and promotion | $8,904 |
Office expenses | $35,970 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $49,326 |
Travel | $5,852 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $9,765 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,674 |
Insurance | $25,781 |
All other expenses | $0 |
Total functional expenses | $2,475,606 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $104,517 |
Savings and temporary cash investments | $314,471 |
Pledges and grants receivable | $275,355 |
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 | $79,269 |
Net Land, buildings, and equipment | $9,460 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $783,072 |
Accounts payable and accrued expenses | $54,185 |
Grants payable | $0 |
Deferred revenue | $24,492 |
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 | $78,677 |
Net assets without donor restrictions | $561,284 |
Net assets with donor restrictions | $143,111 |
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 | $783,072 |
Over the last fiscal year, we have identified 1 grants that College For Social Innovation Inc has recieved totaling $500.
Awarding Organization | Amount |
---|---|
Alchemy Foundation Cambridge, MA PURPOSE: GENERAL SUPPORT | $500 |
Organization Name | Assets | Revenue |
---|---|---|
North Atlantic States Carpenters Training Fund Millbury, MA | $72,466,434 | $22,130,164 |
Building Service Thomas Shortman Training Scholarship And New York, NY | $24,265,152 | $18,661,986 |
New York District Council Crpntrs Apprntcshp Jrnymn Retraing Educa New York, NY | $32,423,989 | $13,554,381 |
Groundtruth Project Inc Boston, MA | $12,977,835 | $12,726,930 |
Skills For Rhode Islands Future Providence, RI | $3,601,484 | $11,174,331 |
Hawthorne Valley Association Inc Ghent, NY | $11,965,949 | $10,914,219 |
Liuna Training And Education Fund Pomfret Center, CT | $19,387,955 | $9,381,853 |
Joint Apprenticeship And Training Trust Fund Local 103 Ibew Boston, MA | $13,179,581 | $8,861,151 |
National Automatic Sprinkler Industry Apprentice And Training New Milford, CT | $8,318,559 | $7,669,959 |
Opportunities For A Better Tomorrow Inc Brooklyn, NY | $2,168,451 | $7,819,105 |
Daybreak Independent Service Inc Yonkers, NY | $5,959,924 | $7,495,936 |
District Council 37 Educational Fund New York, NY | $10,076,820 | $7,327,627 |