College Choice Foundation A Nonprofit Organization
- Assets
- $139.5k
- Revenue
- $406.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 08/2016
- Data as of
- 06/2023
- EIN
- 47-5631608
Organization Overview
College Choice Foundation A Nonprofit Organization is located in Birmingham, AL. The organization was established in 2016. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Choice Foundation A Nonprofit Organization 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, College Choice Foundation A Nonprofit Organization generated $406.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 31.1% each year . All expenses for the organization totaled $369.8k during the year ending 06/2023. While expenses have increased by 32.1% per year over the past 3 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE MYRIAD SUPPORTS AND RESOURCES FOR MOTIVATED, HIGH-ACHIEVING STUDENTS FROM DISADVANTAGED, UNDER-RESOURCED BACKGROUNDS SO THEY CAN GAIN ENTRANCE INTO AND ATTEND COLLEGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
CCF OFFERS YEAR-ROUND ACT PREP FOR 30-60 HIGH-SCHOOL STUDENTS WHICH CONSIST OF ACT TEST PREP COMPANIES OR TUTORS PROVIDING 40 OR MORE HOURS OF IN-DEPTH ACT TEST PREP, WHICH IS SO CRITICAL IN HELPING STUDENTS RAISE THEIR ACT SCORES SO THEY ARE MORE COMPETITIVE FOR SCHOLARSHIPS AND HELPS BUILD SELF-CONFIDENCE. THE GOAL IS FOR SCHOLARS TO INCREASE THEIR ACT TEST SCORE BY 2-4 POINTS ON AVERAGE. WE ALSO OFFER FOUR WAIVERS TO THAT SCHOLARS CAN TAKE THE TEST MULTIPLE TIMES FOR FREE AS WELL AS COVER THE COST IF THEY WANT TO TAKE THE TEST MORE THAN FOUR TIMES. ADDITIONALLY, WE COVER THE COST OF APPLYING TO COLLEGES FOR 30-55 SCHOLARS, WE ASSIST WITH THE COST TO FILE FINANCIAL AID FORMS LIKE THE CSS PROFILE. WE COVER THE COST OF ESSAY COACHING, PROFESSIONAL RESUME SERVICES AND COLLEGE-APPLICATION WORKSHOPS AND CAMPS.
DURING THE YEAR, CCF TAKES 30-50 SCHOLARS AND FAMILIES ON CROSS-COUNTRY COLLEGE VISITS WHICH REQUIRE CHARTER BUSES, AIRFARE, MEALS, TRANSPORTATION, AND LODGING. THESE VISITS ARE IMPERATIVE, AS THEY ALLOW SCHOLARS TO ENVISION WHAT FOUR YEARS ON A COLLEGE CAMPUS WOULD LOOK AND FEEL LIKE. WE HAVE FOUND, REPEATEDLY, THAT IT IS THE IN-PERSON VISIT TO A CAMPUS THAT IS A GAME-CHANGER. A CAMPUS VISIT ALLOWS SCHOLARS AND THEIR FAMILIES TO EXPERIENCE TRAVELING TO THE SCHOOL, THE PEOPLE WHO LIVE AND WORK THERE, AND THE ACTUAL LEARNING ENVIRONMENT ON CAMPUS.
CARE/COLLEGE FOR SCHOLARS IN COLLEGE 60-100 STUDENTS, CCF PROVIDES RESOURCES NOT COVERED BY THEIR FINANCIAL AID APPLICATIONS THAT PROMOTE SUCCESS IN HIGHER EDUCATION LIKE FINANCING TEXTBOOKS, LAB FEES, DORM ITEMS, TUTORING, AIRFARE TO AND FROM SCHOOL, EMERGENCIES, LAUNDRY EXPENSES AND UNDERGRADUATE AND GRADUATE SCHOOL ENROLLMENT FEES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josephine Lowery Executive Director | OfficerTrustee | 40 | $40,000 |
Lori Bateman Director | Trustee | 1 | $0 |
Tim Bembry Director | Trustee | 1 | $0 |
Sharon Broach Director | Trustee | 1 | $0 |
Julie Gentry Vice President | OfficerTrustee | 10 | $0 |
Nancy Hale Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $72,722 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $358,972 |
| Noncash contributions included in lines 1a–1f | $50,548 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $431,694 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$24,925 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $406,769 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $266,514 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $53,750 |
| Compensation of current officers, directors, key employees. | $4,663 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,885 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,616 |
| Advertising and promotion | $194 |
| Office expenses | $3,028 |
| Information technology | $324 |
| Royalties | $0 |
| Occupancy | $3,764 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31 |
| Insurance | $6,648 |
| All other expenses | $0 |
| Total functional expenses | $369,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,514 |
| Savings and temporary cash investments | $100,000 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $16 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $139,530 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $137,030 |
| Net assets with donor restrictions | $2,500 |
| 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 | $139,530 |