College For Social Innovation Inc

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Tulaine Montgomery
Director
$0
Lisa Butler
Director
$0
James Atwood
Director
$0
Adria Goodson
Director
$0
Marquis Taylor
Director
$0
Dennis Hanno
Director
$0

Financial Statements

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

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