College Affordable Inc is located in Needham, MA. 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 Affordable Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
IN THE UNITED STATES, THE EXORBITANT COST OF COLLEGE AND THE COMPLEX FINANCIAL AID PROCESS HINDERS ACCESS TO HIGHER EDUCATION AND CAN LEAD TO UNSUSTAINABLE STUDENT LOANS FOR STUDENTS THAT DO NOT HAVE THE MEANS TO NAVIGATE THIS PROCESS. COLLEGE AFFORDABLE, INC.'S MISSION IS TO REDUCE THOSE BARRIERS, PARTICULARLY AMONG STUDENT POPULATIONS THAT POSSESS THE HIGHEST FINANCIAL NEED AND WHERE THE IMPACT IS GREATEST. COLLEGE AFFORDABLE, INC. IS A NEWLY FORMED ORGANIZATION WITH NO PAST OR PRESENT ACTIVITIES.IN THE FUTURE, COLLEGE AFFORDABLE, INC. WILL RAISE DONATIONS FROM INDIVIDUALS, CORPORATIONS, AND GRANTS AND THEN WILL SPEND 85 - 90 PERCENT OF ITS TIME AND RESOURCES TO PROVIDE EDUCATIONAL SERVICES AS A FREE RESOURCE FOR STUDENTS AND THEIR FAMILIES AND PROVIDE PERSONALIZED SUPPORT TO STUDENTS WITH THE GREATEST NEED TO NAVIGATE THE FINANCIAL AID PROCESS, WHICH IS IN LINE WITH THE MISSION OF THE ORGANIZATION. WE WILL PARTNER WITH SCHOOLS AND NON-PROFIT ORGANIZATIONS TO PROVIDE ONLINE WEBINARS ON TIMELY TOPICS SUCH AS COMPLETING THE FINANCIAL AID APPLICATIONS (FAFSA), STUDENT LOAN OPTIONS, UNDERSTANDING FINANCIAL AID AWARDS, AND FINANCIAL LITERACY EDUCATION FOR STUDENTS. FAMILIES, HIGH SCHOOL GUIDANCE COUNSELORS, AND NON-PROFIT PARTNERS MAY CALL OR EMAIL FOR ANSWERS TO FINANCIAL AID QUESTIONS. PERSONALIZED SUPPORT WITH COMPLETING FINANCIAL AID OR STUDENT LOAN APPLICATIONS MAY BE ARRANGED WITH A PARTNER SCHOOL OR NONPROFIT ORGANIZATION FOR STUDENTS IDENTIFIED AS QUALIFYING BASED ON ADVERSE PERSONAL CIRCUMSTANCES.COLLEGE AFFORDABLE, INC. INTENDS TO RAISE MONEY FROM PHILANTHROPISTS AND FROM INDUSTRY ADJACENT SERVICES PROVIDERS. EXPENSES WILL BE FOR FUNDRAISING AND ADMINISTRATIVE EXPENSES AS WELL AS EXECUTION OF OUR PROGRAMS TO PROVIDE EDUCATION AND SUPPORT TO SCHOOLS, NON-PROFIT ORGANIZATIONS AND FAMILIES. COLLEGE AFFORDABLE INC. INTENDS TO MAXIMIZE THE USE OF QUALIFIED VOLUNTEERS IN THE DELIVERY OF THE SUPPORT AND EDUCATION PROVIDED. AT THE CURRENT TIME AND IN THE INITIAL STAGES ALL SUPPORT BEING PROVIDED IS ON A VOLUNTEER BASIS, AND NO COMPENSATION IS BEING PAID AT THIS TIME AND DURING THE STARTUP PHASE OF THE ORGANIZATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gregg Cohen President & Director | 10 | $0 | |
Polly Ross Ribatt Treasurer & Director | 10 | $0 | |
Brian Gardiner Clerk & Director | 10 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $0 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $13,408 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $5,659 |
Total expenses | $19,067 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $11,668 |
Other assets | $0 |
Total assets | $11,668 |
Total liabilities | $30,735 |
Net assets or fund balances | -$19,067 |