Bay Area Hybrid College Initiative is located in Richmond, CA. The organization was established in 2018. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 12/2021, Bay Area Hybrid College Initiative employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay Area Hybrid College Initiative 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 12/2021, Bay Area Hybrid College Initiative generated $2.2m in total revenue. All expenses for the organization totaled $1.8m during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
AFFORDABLE AND ACCESSIBLE HIGHER EDUCATION FOR TRADITIONALLY UNDERSERVED STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR FOUNDING DEGREE PARTNER IS SOUTHERN NEW HAMPSHIRE UNIVERSITY AND A PROGRAM CALLED COLLEGE FOR AMERICA CFA. THROUGH CFA, ENROLLEES EARN THEIR BACHELORS IN MANAGEMENT. THIS PROGRAM FOCUSES ON BUILDING A WIDE RANGE OF MANAGEMENT SKILLS FROM OPERATIONS, TO BUSINESS WRITING, TO FINANCIAL MANAGEMENT, TEAM LEADERSHIP, STRATEGY, AND MORE. IN 2021, OUR TEAM GREW FROM NINE TO FIFTEEN, AND WE'VE RETAINED A STRONG SENSE OF MORALE AND CONNECTION AS WE'VE GROWN. WE'VE SOLIDLY POSITIONED OUR PROGRAM AS VIRTUAL-FIRST AND EXPANDED TO SERVE STUDENTS ACROSS CALIFORNIA (WE HAVE NEARLY 20 STUDENTS IN LA!). WE ACHIEVED NEARLY ALL OF OUR MAJOR ROADMAP PRIORITIES IN 2021, FROM REVAMPING PROGRAMS LIKE PAY IT FORWARD AND BRIDGE, TO MAKING SIGNIFICANT INVESTMENTS IN BUILDING A DATA INFRASTRUCTURE FOR FUTURE GROWTH. BEYOND OUR CONTINUED REFINEMENT OF THE COLLEGE PROGRAM, WE DEDICATED TIME TO REVAMP AND DESIGN NEW PROGRAM ELEMENTS, INCLUDING REVAMPING OUR PAY IT FORWARD PROGRAM TO BE MORE STUDENT-FRIENDLY, DEVELOPING A NEW 10-WEEK CURRICULUM FOR OUR BRIDGE PROGRAM, COMPLETING AN ANALYSIS OF JOB PROSPECTS FOR GRADUATES, AND PILOTING A TOTALLY NEW PROGRAM, CALLED RIVETWORKS, WHICH ENGAGED EMPLOYERS AND FELLOWS IN A MULTI-WEEK EXTERNSHIP EXPERIENCE. IN RESPONSE TO STUDENT CONCERNS EXACERBATED BY THE PANDEMIC, INCLUDING JOB LOSS, HOUSING INSTABILITY, AND PHYSICAL AND MENTAL HEALTH ISSUES, OUR EMERGENCY FUND GRANTS KICKED INTO HIGH GEAR, BOLSTERED BY A $15K GRANT FROM THE SOBRATO FOUNDATION TO CHANNEL FUNDING TO MORE FELLOWS. WE SET UP AND ADMINISTERED OUR EMERGENCY FUND, DISBURSING OVER $40K SINCE THE PANDEMIC BEGAN (ALL PHILANTHROPICALLY SUPPORTED). WE ALSO PURSUED NEW COMMUNITY-BASED WRAP-AROUND SERVICES FOR FELLOWS, INCLUDING A PARTNERSHIP WITH CSU-EAST BAY'S COUNSELING GRADUATE SCHOOL. OVER 12 OF OUR FELLOWS HAVE BEEN ACTIVELY RECEIVING THERAPY SERVICES THROUGH THE PROGRAM AT NO COST SINCE THE INITIATIVE BEGAN THIS SUMMER. DESPITE A CLEAR AND CONSISTENT SLOW-DOWN IN FELLOW PROGRESS (MEDIAN PACE REMAINED WELL ABOVE OUR RELATED KPI THIS YEAR), OUR FELLOWS ARE ENGAGED AND PERSISTING. OUR 73% LIFETIME PERSISTENCE, AND 1-YEAR COHORT RETENTION RATE OF 82% INDICATE HIGH LEVELS OF PROGRAM STICKINESS. AND 60%-70% OF FELLOWS ARE ACTIVELY ENGAGED IN A GIVEN WEEK. OUR ANNUAL SURVEY CAPTURED A NET PROMOTER SCORE OF 85, A STRONG INDICATOR OF FELLOW SATISFACTION.
OUR FOUNDING DEGREE PARTNER IS SOUTHERN NEW HAMPSHIRE UNIVERSITY AND A PROGRAM CALLED COLLEGE FOR AMERICA CFA. THROUGH CFA, ENROLLEES EARN THEIR BACHELORS IN MANAGEMENT. THIS PROGRAM FOCUSES ON BUILDING A WIDE RANGE OF MANAGEMENT SKILLS FROM OPERATIONS, TO BUSINESS WRITING, TO FINANCIAL MANAGEMENT, TEAM LEADERSHIP, STRATEGY, AND MORE. IN 2021, OUR TEAM GREW FROM NINE TO FIFTEEN, AND WE'VE RETAINED A STRONG SENSE OF MORALE AND CONNECTION AS WE'VE GROWN. WE'VE SOLIDLY POSITIONED OUR PROGRAM AS VIRTUAL-FIRST AND EXPANDED TO SERVE STUDENTS ACROSS CALIFORNIA (WE HAVE NEARLY 20 STUDENTS IN LA!). WE ACHIEVED NEARLY ALL OF OUR MAJOR ROADMAP PRIORITIES IN 2021, FROM REVAMPING PROGRAMS LIKE PAY IT FORWARD AND BRIDGE, TO MAKING SIGNIFICANT INVESTMENTS IN BUILDING A DATA INFRASTRUCTURE FOR FUTURE GROWTH. BEYOND OUR CONTINUED REFINEMENT OF THE COLLEGE PROGRAM, WE DEDICATED TIME TO REVAMP AND DESIGN NEW PROGRAM ELEMENTS, INCLUDING REVAMPING OUR PAY IT FORWARD PROGRAM TO BE MORE STUDENT-FRIENDLY, DEVELOPING A NEW 10-WEEK CURRICULUM FOR OUR BRIDGE PROGRAM, COMPLETING AN ANALYSIS OF JOB PROSPECTS FOR GRADUATES, AND PILOTING A TOTALLY NEW PROGRAM, CALLED RIVETWORKS, WHICH ENGAGED EMPLOYERS AND FELLOWS IN A MULTI-WEEK EXTERNSHIP EXPERIENCE. IN RESPONSE TO STUDENT CONCERNS EXACERBATED BY THE PANDEMIC, INCLUDING JOB LOSS, HOUSING INSTABILITY, AND PHYSICAL AND MENTAL HEALTH ISSUES, OUR EMERGENCY FUND GRANTS KICKED INTO HIGH GEAR, BOLSTERED BY A $15K GRANT FROM THE SOBRATO FOUNDATION TO CHANNEL FUNDING TO MORE FELLOWS. WE SET UP AND ADMINISTERED OUR EMERGENCY FUND, DISBURSING OVER $40K SINCE THE PANDEMIC BEGAN (ALL PHILANTHROPICALLY SUPPORTED). WE ALSO PURSUED NEW COMMUNITY-BASED WRAP-AROUND SERVICES FOR FELLOWS, INCLUDING A PARTNERSHIP WITH CSU-EAST BAY'S COUNSELING GRADUATE SCHOOL. OVER 12 OF OUR FELLOWS HAVE BEEN ACTIVELY RECEIVING THERAPY SERVICES THROUGH THE PROGRAM AT NO COST SINCE THE INITIATIVE BEGAN THIS SUMMER. DESPITE A CLEAR AND CONSISTENT SLOW-DOWN IN FELLOW PROGRESS (MEDIAN PACE REMAINED WELL ABOVE OUR RELATED KPI THIS YEAR), OUR FELLOWS ARE ENGAGED AND PERSISTING. OUR 73% LIFETIME PERSISTENCE, AND 1-YEAR COHORT RETENTION RATE OF 82% INDICATE HIGH LEVELS OF PROGRAM STICKINESS. AND 60%-70% OF FELLOWS ARE ACTIVELY ENGAGED IN A GIVEN WEEK. OUR ANNUAL SURVEY CAPTURED A NET PROMOTER SCORE OF 85, A STRONG INDICATOR OF FELLOW SATISFACTION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jeff Manassero Executive Dir. | Officer | 40 | $141,176 |
Iris Jong COO | 40 | $103,341 | |
Eli Bildner Thru 821 Director | Officer | 20 | $82,610 |
Ted Williams Chairman | OfficerTrustee | 1 | $0 |
John Coghlan Treasurer | OfficerTrustee | 1 | $0 |
Lauren Dutton Secretary | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $101,755 |
All other contributions, gifts, grants, and similar amounts not included above | $1,768,853 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,870,608 |
Total Program Service Revenue | $304,234 |
Investment income | $782 |
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 | $2,175,624 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $13,800 |
Grants and other assistance to domestic individuals. | $86,292 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $234,533 |
Compensation of current officers, directors, key employees. | $156,277 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $925,355 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $60,871 |
Payroll taxes | $86,895 |
Fees for services: Management | $15,000 |
Fees for services: Legal | $201 |
Fees for services: Accounting | $7,605 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $58,580 |
Advertising and promotion | $37,411 |
Office expenses | $11,517 |
Information technology | $89,263 |
Royalties | $0 |
Occupancy | $34,265 |
Travel | $1,671 |
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 | $0 |
Insurance | $0 |
All other expenses | $13,559 |
Total functional expenses | $1,839,422 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $504,924 |
Savings and temporary cash investments | $0 |
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 | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $1,210,231 |
Investments—program-related | $77,625 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,792,780 |
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 | $78,345 |
Total liabilities | $78,345 |
Net assets without donor restrictions | $1,455,393 |
Net assets with donor restrictions | $259,042 |
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 | $1,792,780 |
Over the last fiscal year, we have identified 4 grants that Bay Area Hybrid College Initiative has recieved totaling $216,577.
Awarding Organization | Amount |
---|---|
Silicon Schools Fund Inc Oakland, CA PURPOSE: TO SUPPORT TEACHER TRAINING | $156,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $33,784 |
Npx Charitable Inc San Francisco, CA PURPOSE: PAYMENT FOR EACH STUDENT WHO GRADUATES WITH A BACHELOR DEGREE. | $26,760 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $33 |
Organization Name | Assets | Revenue |
---|---|---|
Southern Nevada Culinary And Bartenders Training Fund A Trust North Las Vegas, NV | $6,674,284 | $16,437,102 |
National Test Pilot School Mojave, CA | $24,506,329 | $10,175,597 |
District Council 16 Northern California & Apprentice Training San Leandro, CA | $28,313,624 | $15,228,971 |
Seiu 503 Training Partnership Portland, OR | $26,268,019 | $3,868,415 |
Las Best Los Angeles, CA | $11,946,723 | $9,062,975 |
Codepath Org San Francisco, CA | $6,941,504 | $9,162,565 |
Neca-Ibew Electrical Training Trust Portland, OR | $14,916,871 | $7,992,939 |
Quest Scholars Program Palo Alto, CA | $18,833,898 | $9,171,706 |
E-Institute Charter School Inc Glendale, AZ | $5,349,223 | $5,255,212 |
Casa Loma College Van Nuys, CA | $6,230,067 | $6,276,144 |
Calibre Academy Inc Glendale, AZ | $11,926,641 | $5,251,509 |
Center For Caregiver Advancement Los Angeles, CA | $5,193,461 | $5,055,264 |