The Coalition For College Cost Savings
- Assets
- $822.2k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Versailles, KY
- Founding
- 11/2006
- Data as of
- 12/2022
- EIN
- 87-0788565
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 12/2022, Coalition For College Cost Savings generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 8 years. 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
2022
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) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Egan Director | Trustee | 1 | $0 |
Robert Mccarron Director | Trustee | 1 | $0 |
Robert Lambeth Director | Trustee | 1 | $0 |
Kimberly Brashears Director | Trustee | 1 | $0 |
Matt Lindsey Past Chair | OfficerTrustee | 1 | $0 |
Bill Spiker Director | Trustee | 1 | $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 | $24,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,500 |
| Total Program Service Revenue | $1,796,786 |
| Investment income | $66 |
| 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 | $1,855,352 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,128,606 |
| Compensation of current officers, directors, key employees. | $449,657 |
| Compensation of current officers, directors, key employees. | $134,896 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,200 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $984 |
| Payroll taxes | $27,440 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,816 |
| Fees for services: Accounting | $6,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $36 |
| Office expenses | $10,735 |
| Information technology | $5,552 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,353 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,829 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,000 |
| Insurance | $3,223 |
| All other expenses | $0 |
| Total functional expenses | $1,728,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,543 |
| Savings and temporary cash investments | $739,695 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $822,238 |
| 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 | $822,238 |
| 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 | $822,238 |