Formerly Incarcerated College Graduates Network
- Assets
- $522.0k
- Revenue
- $780.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Durham, NC
- Founding
- 10/2018
- Data as of
- 06/2023
- EIN
- 83-2018348
Organization Overview
Formerly Incarcerated College Graduates Network is located in Durham, NC. The organization was established in 2018. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Formerly Incarcerated College Graduates Network 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, Formerly Incarcerated College Graduates Network generated $780.3k in total revenue. All expenses for the organization totaled $399.9k during the year ending 06/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE EDUCATION AND EMPOWERMENT OF FORMERLY INCARCERATED PEOPLE THROUGH A COLLECTIVE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL PROGRAMS - UNDER OUR GENERAL PROGRAMS UMBRELLA, FICGN HAS POURED INTO OUR NARRATIVE CHANGE INITIATIVE. IN JANUARY 2023, WE PROUDLY UNVEILED OUR COMMITMENT TO ADOPTING PERSON-FIRST LANGUAGE, ADVOCATING FOR THE CESSATION OF HARMFUL TERMINOLOGY OFTEN USED WHEN REFERENCING INDIVIDUALS WITH CONVICTION HISTORIES. IN ADDITION, WE'VE TAKEN TANGIBLE STEPS TOWARDS SUPPORTING STUDENTS IN REENTRY BY ESTABLISHING A SCHOLARSHIP FUND AIMED AT REMOVING FINANCIAL BARRIERS THAT HINDER THEIR PURSUIT OF HIGHER EDUCATION AND DEGREE COMPLETION.
CAPSS - OUR CENTER FOR ACADEMIC PROGRAMS AND STUDENT SUCCESS (CAPSS) HAS BEEN ACTIVELY ENGAGED IN ADVANCING EDUCATIONAL OPPORTUNITIES FOR INCARCERATED INDIVIDUALS. IN 2022-23, WE PARTICIPATED IN FOUR CONFERENCES AND PANELS DEDICATED TO PRISON EDUCATION, FOSTERING VALUABLE DISCUSSIONS AND COLLABORATIONS WITHIN THE FIELD. ADDITIONALLY, OUR TEAM CONDUCTED THREE ON-SITE VISITS TO CORRECTIONAL FACILITIES, FACILITATING MEANINGFUL INTERACTIONS WITH COLLEGES AND INCARCERATED STUDENTS TO BETTER UNDERSTAND THEIR EDUCATION AND POST-RELEASE EMPLOYMENT NEEDS. FURTHERMORE, UNDER CAPSS, FICGN PROUDLY SERVED AS A TECHNICAL ASSISTANCE PROVIDER FOR A PROMINENT NATIONAL PROGRAM, READY FOR PELL, ASSISTING PRISON EDUCATION PROGRAMS IN PREPARING FOR THE UTILIZATION OF PELL GRANTS, FURTHERING OUR COMMITMENT TO SUPPORTING ACCESS TO QUALITY EDUCATION WITHIN CORRECTIONAL SETTINGS.
NETWORK DEVELOPMENT - FICGN HAS MADE STRIDES IN SUPPORTING OUR GROWING MEMBERSHIP WITHIN OUR NETWORK DEVELOPMENT PROGRAM AREA. OVER THE COURSE OF THE 2022-23 FISCAL YEAR, WE SUCCESSFULLY EXPANDED OUR MEMBERSHIP BASE, WELCOMING 186 NEW MEMBERS FROM 22 DIFFERENT STATES, THUS STRENGTHENING OUR NETWORK'S REACH AND IMPACT. FURTHERMORE, WE PRIORITIZED MEMBER ENGAGEMENT BY CONDUCTING 27 ONE-ON-ONE INTERVIEWS, GAINING VALUABLE INSIGHTS INTO OUR MEMBERS' CAREER ASPIRATIONS AND UNDERSTANDING HOW BEST TO PROVIDE TAILORED SUPPORT, WHICH, IN TURN, INFORMS OUR PROGRAM DEVELOPMENT EFFORTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vince Garrett President | OfficerTrustee | 2 | $0 |
Stanley Andrisse Vice President | OfficerTrustee | 8 | $0 |
Derek Boyd Treasurer | OfficerTrustee | 8 | $0 |
Chris Beasley Acting Secretary | OfficerTrustee | 2 | $0 |
Bronwyn Hunter Board Member | Trustee | 2 | $0 |
Pamela Winn Board Member | Trustee | 2 | $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 | $780,260 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $780,260 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $780,260 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,563 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $157,902 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,152 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,688 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $171,632 |
| Advertising and promotion | $671 |
| Office expenses | $13,626 |
| Information technology | $1,480 |
| Royalties | $0 |
| Occupancy | $1,114 |
| Travel | $15,323 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,398 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $301 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $399,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $499,514 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $16,667 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,490 |
| Net Land, buildings, and equipment | $3,373 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $522,044 |
| Accounts payable and accrued expenses | $4,566 |
| 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 | $4,566 |
| Net assets without donor restrictions | $517,478 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $522,044 |