Careervillage Inc
- Assets
- $1.9m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 9
- Location
- Palo Alto, CA
- Founding
- 01/2013
- Data as of
- 08/2021
- EIN
- 90-0796160
Organization Overview
Careervillage Inc is located in Palo Alto, CA. The organization was established in 2013. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 08/2021, Careervillage Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Careervillage Inc 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 08/2021, Careervillage Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.7% each year . All expenses for the organization totaled $949.8k during the year ending 08/2021. While expenses have increased by 18.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION, CAREERVILLAGE, INC., IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, SPECIFICALLY: (A) TO PROVIDE STUDENTS WITH CAREER INFORMATION SERVICES, AND (B) TO CARRY ON ANY OTHER ACTIVITY THAT MAY LAWFULLY BE CARRIED ON BY A CORPORATION FORMED UNDER CHAPTER 180 OF THE GENERAL LAWS OF MASSACHUSETTS WHICH IS EXEMPT FROM TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAREERVILLAGE IS AN ONLINE ADVISING PROGRAM FOR YOUTH. OUR PROGRAM HELPS YOUNG PEOPLE GET CAREER ADVICE THEY CAN USE TO BECOME BETTER PREPARED FOR THEIR FUTURES. WE USE A CROWD-SOURCING MODEL TO PROVIDE ADVICE AT A LARGE SCALE THROUGH AN ONLINE PLATFORM WE BUILT. SUPPORTING SUB-PROGRAMS INCLUDE 1. PLATFORM DEVELOPMENT - DESIGNING, DEVELOPING, TESTING, AND MAINTAINING THE SOFTWARE PLATFORM AND INFRASTRUCTURE NEEDED TO SUPPORT OUR ONLINE ADVISING PROGRAM. 2. COMMUNITY OUTREACH - INITIATIVES TO ATTRACT, ENGAGE, RETAIN, AND REWARD OUR COMMUNITY OF STUDENTS, VOLUNTEERS, EDUCATORS, AND OTHERS. THIS INCLUDES USER SUPPORT, STORYTELLING, AWARENESS-BUILDING CAMPAIGNS, AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jared Chung Executive Director | OfficerTrustee | 45 | $125,000 |
Justin Pollack Board Member | Trustee | 2 | $0 |
Jessica Pliska Board Member | Trustee | 2 | $0 |
Frank Chu Board Member | Trustee | 2 | $0 |
Michael Park Board Member | Trustee | 2 | $0 |
Chris Koehler Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Make&model Inc Design Services | 8/30/20 | $174,386 |
Andela Inc Software Development | 8/30/20 | $144,650 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $60,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,292,484 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,353,184 |
| Total Program Service Revenue | $412,901 |
| Investment income | $3 |
| 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 | $1,766,088 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $125,000 |
| Compensation of current officers, directors, key employees. | $12,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $485,736 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,641 |
| Payroll taxes | $51,634 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $174 |
| Fees for services: Accounting | $24,794 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $194,922 |
| Advertising and promotion | $436 |
| Office expenses | $9,414 |
| Information technology | $30,343 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $507 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $224 |
| Interest | $162 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,763 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $949,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,873,277 |
| Savings and temporary cash investments | $25,000 |
| 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 | $11,055 |
| Net Land, buildings, and equipment | $7,201 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,916,533 |
| Accounts payable and accrued expenses | $59,426 |
| 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 | $60,700 |
| Other liabilities | $0 |
| Total liabilities | $120,126 |
| Net assets without donor restrictions | $1,796,407 |
| 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 | $1,916,533 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Careervillage Inc has recieved totaling $2,319,971.
| Awarding Organization | Amount |
|---|---|
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $1,022,045 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $1,022,045 |
At&t Foundation Dallas, TX PURPOSE: EDUCATION | $90,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $43,013 |
Tides Foundation San Francisco, CA PURPOSE: EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT | $25,000 |
Westly Foundation Wilmington, DE PURPOSE: ENGAGING CENTRAL VALLEY YOUTH IN CAREER EDUCATION THROUGH CAREERVILLAGE.ORG | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Magnolia Educational & Research Foundation Los Angeles, CA | $67,129,472 | $66,230,945 |
Panda Cares Foundation Inc Las Vegas, NV | $37,372,072 | $45,451,718 |
Xq Institute Oakland, CA | $14,589,368 | $51,717,404 |
Room To Read San Francisco, CA | $51,354,748 | $61,954,261 |
South Bay Workforce Investment Board Inc Hawthorne, CA | $7,623,488 | $36,083,167 |
Compass Charter Schools Thousand Oaks, CA | $14,467,036 | $29,961,787 |
New Teacher Center Santa Cruz, CA | $27,814,525 | $27,076,985 |
Alpha Public Schools Inc San Jose, CA | $20,794,542 | $26,321,038 |
Give To Learn To Grow Foundation Culver City, CA | $40,470 | $188,892 |
Live Oak A Learning Center For Children San Francisco, CA | $40,489,721 | $19,594,406 |
Biocomx Dana Point, CA | $308,692 | $15,969,949 |
Open Up Resources Menlo Park, CA | $29,661,554 | $16,279,319 |