The Coalition For College Cost Savings

Organization Overview

The Coalition For College Cost Savings is located in Versailles, KY. The organization was established in 2006. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, 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. Coalition For College Cost Savings 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, Coalition For College Cost Savings generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.3%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE COALITION IS TO SUPPORT HIGHER EDUCATION MEMBER ORGANIZATIONS BY CREATING COLLABORATIVE OPPORTUNITIES TO TRANSFORM PROCESSES, REDUCE COST, AND INCREASE EFFICIENCIES FOR THEIR MEMBER COLLEGES AND UNIVERSITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE COALITION WAS CONCEIVED AS A CATALYST FOR THE FIRST COMPREHENSIVE AND COLLABORATIVE PURCHASING EFFORT FOCUSED EXCLUSIVELY ON INDEPENDENT, PRIVATE HIGHER EDUCATION. THE COALITION'S GOALS ARE TO LEVERAGE THE COLLECTIVE BUYING POWER OF PRIVATE COLLEGES TO REDUCE OPERATING COSTS, IMPROVE THE EFFICIENCY OF INTERNAL PROCEDURES AND ULTIMATELY LOWER THE COST OF DELIVERING EDUCATION.THE AVERAGE PRIVATE, INDEPENDENT COLLEGE OR UNIVERSITY IS OFTEN UNDERSERVED IN THE PURCHASING MARKETPLACE BECAUSE ITS TOTAL CONSUMPTION OF SUPPLIES, EQUIPMENT AND SERVICES, AS A SINGLE INSTITUTION, IS NOT SUFFICIENTLY LARGE TO RESULT IN CONSISTENTLY COMPETITIVE PRICING. BY COMBINING A SINGLE INSTITUTION'S PURCHASE VOLUME WITH HUNDREDS OF SIMILAR INSTITUTIONS THROUGHOUT THE COUNTRY, THE CREATED MARKET STRENGTH OF PRIVATE COLLEGES ENABLES COMPETITIVE LEVERAGE RIVALED ONLY BY THE LARGEST OF CORPORATIONS.SPECIFICALLY, OUR GOALS ARE TO:1. PROVIDE ACCESS TO COST SAVING CONTRACTS TO HIGHER EDUCATION INSTITUTIONS REGARDLESS OF SIZE.2. LEVERAGE THE COLLECTIVE BUYING POWER OF PRIVATE COLLEGES TO NEGOTIATE CONTRACTS THAT DELIVER BETTER PRICING ON PRODUCTS AND SERVICES.3. INVESTIGATE AND VET ORGANIZATIONS THAT CAN DELIVER INNOVATIVE PRODUCTS OR SERVICES THAT INCREASE OPERATION EFFICIENCY.4. SERVE AS A PROCUREMENT RESOURCE FOR HIGHER EDUCATION ADMINISTRATION. THE COALITION HAS 35 MEMBER ORGANIZATIONS IN 33 STATES THAT COLLECTIVELY SERVE NEARLY 1,000 PRIVATE COLLEGES AND OVER 3 MILLION STUDENTS ACROSS THE UNITED STATES.


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Board, Officers & Key Employees

Name (title)Compensation
Lyen Crews
President
$192,893
Richard Doherty
Past Chair (jan-May)
$0
Matt Lindsey
Chair
$0
Hope Williams
Vice Chair
$0
Laura Bridges
Secretary
$0
Lois Hollis
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$34,000
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$12,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$46,000
Total Program Service Revenue$1,175,675
Investment income $59
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 $1,221,734

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