Liabilities / Assets
95th percentile
Higher debt load relative to assets than 95% of similar nonprofits.
College Options Foundation Inc.
990 • Fiscal year 2011 • EIN 03-0566869
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
1.31x
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
13th percentile
Faster asset growth than 13% of similar nonprofits.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Balance Sheet
Assets
Down$247,949
Down $47,862 (-16%) from 2010
Net Assets
Down-$77,587
Down $171,057 (-183%) from 2010
Liabilities
Up$325,536
Up $123,195 (+61%) from 2010
Revenue And Expenses
Revenue
-
No earlier filing loaded for comparison.
Expenses
Up$867,825
Up $10,735 (+1.3%) from 2010
Net Income
-
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2011 to Dec 31, 2011
- Signed
- May 22, 2012
- Return Version
- 2011v1.2
- Gross Receipts
- $696,768
Mission and Program Overview
Mission
To enrich the academic development of high school students and assist them in their preparation for higher education. Our emphasis lies with serving all families, including military families and students who participate in jrotc. To accomplish our mission we provide resources for college admissions and funding, utilize student planning guides, college exam study guides, admissions tutorials and personalized counseling, and conduct spirited academic competitions for students nationwide.
Major Activities
- Activity 2
- The Foundation owns the rights to certain educational content, notably the college success program "The Complete Guide to College Financing and Admissions" and the standardized test preparation game "Zero Hour Threat". These programs are made available on compact disc, digital video disc, and on the Internet.
- Activity 3
- The Foundation attempts to fulfill its purpose of assisting students in preparing for further education by providing ways for academic organizations within high schools to raise funds for their academic activities. The Foundation has packaged its educational content in a way that high school chapters of academic organizations can sell the content as a fund-raiser. By organizing this and similar fund-raising activities for chapters of JROTC and other academic organizations in high schools, it is the Foundation's intent to promote academic excellence. A portion of the funds raised by the high school chapters is paid as revenue to the Foundation in return for its organizing services.
Filing and Contact Details
Filer
- EIN
- 03-0566869
Raw XML AppendixShowing 400 of 488 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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|---|---|---|
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| IRS990/AccountsReceivable/EOY | 0 | 17936 |
| IRS990/ActivitiesConductedPartnership | 0 | false |
| IRS990/Activity2/Description | 0 | The Foundation owns the rights to certain educational content, notably the college success program "The Complete Guide to College Financing and Admissions" and the standardized test preparation game "Zero Hour Threat". These programs are made available on compact disc, digital video disc, and on the Internet. |
| IRS990/Activity2/Expense | 0 | 82333 |
| IRS990/Activity2/Revenue | 0 | 105331 |
| IRS990/Activity3/Description | 0 | The Foundation attempts to fulfill its purpose of assisting students in preparing for further education by providing ways for academic organizations within high schools to raise funds for their academic activities. The Foundation has packaged its educational content in a way that high school chapters of academic organizations can sell the content as a fund-raiser. By organizing this and similar fund-raising activities for chapters of JROTC and other academic organizations in high schools, it is the Foundation's intent to promote academic excellence. A portion of the funds raised by the high school chapters is paid as revenue to the Foundation in return for its organizing services. |
| IRS990/Activity3/Expense | 0 | 91655 |
| IRS990/Activity3/Revenue | 0 | 11442 |
| IRS990/ActivityOrMissionDescription | 0 | To establish, organize, promote, aid and engage in activities exclu- sively to educate, mentor, and assist parents and pre-college students in preparing them for post high school education. |
| IRS990/AddressPrincipalOfficerUS/AddressLine1 | 0 | 105 Crossbow Court |
| IRS990/AddressPrincipalOfficerUS/City | 0 | Peachtree City |
| IRS990/AddressPrincipalOfficerUS/State | 0 | GA |
| IRS990/AddressPrincipalOfficerUS/ZIPCode | 0 | 30269 |
| IRS990/Advertising/Fundraising | 0 | 846 |
| IRS990/Advertising/Total | 0 | 846 |
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| IRS990/AllOtherExpenses/ManagementAndGeneral | 0 | 75 |
| IRS990/AllOtherExpenses/ProgramServices | 0 | 40340 |
| IRS990/AllOtherExpenses/Total | 0 | 44203 |
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| IRS990/CollectionsOfArt | 0 | false |
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| IRS990/ContractorCompensation/AddressOfContractor/AddressUS/AddressLine1 | 0 | 3651 NE Ralph Powell Road |
| IRS990/ContractorCompensation/AddressOfContractor/AddressUS/City | 0 | LEES SUMMIT |
| IRS990/ContractorCompensation/AddressOfContractor/AddressUS/State | 0 | MO |
| IRS990/ContractorCompensation/AddressOfContractor/AddressUS/ZIPCode | 0 | 64064 |
| IRS990/ContractorCompensation/Compensation | 0 | 204422 |
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| IRS990/DepreciationDepletion/ManagementAndGeneral | 0 | 624 |
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| IRS990/DescribedIn501C3 | 0 | true |
| IRS990/Description | 0 | The Foundation organizes a number of academic contests each year for teams of high school students. During 2011, all of these contests were for members of chapters of the various Junior Reserve Officer Training Corps ("JROTC") programs. These contests generally consist of multiple rounds in which the students participate remotely through an Internet application. In the case of the Army JROTC Leadership Symposium and Academic Bowl, the Air Force Academic Bowl, and the Navy Academic Bowl, there is also a final round in which the top teams from the on-line competition travel to a venue for a head-to-head final round to determine the champion. The Foundation provides logistical support to participants and hosts these head-to-head rounds. |
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| IRS990/DocumentRetentionPolicy | 0 | true |
| IRS990/DonorAdvisedFunds | 0 | false |
| IRS990/ElectionOfBoardMembers | 0 | false |
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| IRS990/Expense | 0 | 604978 |
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| IRS990/FederalGrantAuditRequired | 0 | false |
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| IRS990/FinancialStatementSeparate | 0 | X |
| IRS990/FollowSFAS117 | 0 | X |
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| IRS990/ForeignFinancialAccount | 0 | false |
| IRS990/ForeignGrants/Total | 0 | 0 |
| IRS990/ForeignOffice | 0 | false |
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| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 4 | X |
| IRS990/Form990PartVIISectionA/NamePerson | 0 | Major General Wallace C Arnold |
| IRS990/Form990PartVIISectionA/NamePerson | 1 | Dr Arlene Cash |
| IRS990/Form990PartVIISectionA/NamePerson | 2 | Bob McLendon |
| IRS990/Form990PartVIISectionA/NamePerson | 3 | Mack Palmour |
| IRS990/Form990PartVIISectionA/NamePerson | 4 | Terry Wilfong |
| IRS990/Form990PartVIISectionA/NamePerson | 5 | Stephany Cohen |
| IRS990/Form990PartVIISectionA/NamePerson | 6 | Greg Gossell |
| IRS990/Form990PartVIISectionA/NamePerson | 7 | Wendy Darling |
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| IRS990/Form990PartVIISectionA/Officer | 2 | X |
| IRS990/Form990PartVIISectionA/Officer | 3 | X |
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| IRS990/Form990PartVIISectionA/Title | 4 | President |
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| IRS990/Form990PartVIISectionA/Title | 6 | Vice President |
| IRS990/Form990PartVIISectionA/Title | 7 | Secretary |
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| IRS990/FundraisingActivities | 0 | false |
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| IRS990/Hospital | 0 | false |
| IRS990/IncomeFromInvestBondProceeds/TotalRevenueColumn | 0 | 0 |
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| IRS990/IndoorTanningServices | 0 | false |
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| IRS990/Insurance/Total | 0 | 96 |
| IRS990/IntangibleAssets/BOY | 0 | 0 |
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| IRS990/InvestmentsPubTradedSecurities/BOY | 0 | 0 |
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| IRS990/LandBldgEquipmentAccumDeprec | 0 | 656 |
| IRS990/LandBuildingsEquipmentBasis | 0 | 2393 |
| IRS990/LandBuildingsEquipmentBasisNet/BOY | 0 | 1112 |
| IRS990/LandBuildingsEquipmentBasisNet/EOY | 0 | 1737 |
| IRS990/LoansFromOfficersDirectors/BOY | 0 | 0 |
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| IRS990/LoanToOfficerOrDQP | 0 | false |
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| IRS990/MembersOrStockholders | 0 | false |
| IRS990/MethodOfAccountingAccrual | 0 | X |
| IRS990/MinutesOfGoverningBody | 0 | true |
| IRS990/MissionDescription | 0 | TO ESTABLISH, ORGANIZE, PROMOTE, AID AND ENGAGE IN ACTIVITIES EXCLUSIVELY TO EDUCATE, MENTOR, AND ASSIST PARENTS AND PRE-COLLEGE STUDENTS IN PREPARING THEM FOR CONTINUED EDUCATION BEYOND THE HIGH SCHOOL LEVEL. |
| IRS990/MoreThan5000KToIndividuals | 0 | false |
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| IRS990/MortNotesPyblSecuredInvestProp/BOY | 0 | 0 |
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| IRS990/NameOfPrincipalOfficerPerson | 0 | Terry Wilfong |
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| IRS990ScheduleA/PublicSupportPertcentage170 | 0 | 0.99931 |
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| IRS990ScheduleD/ExpensesSubtotal | 0 | 867825 |
| IRS990ScheduleD/FederalIncomeTaxLiability | 0 | 0 |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 0 | The Foundation is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. As a result, no provision for income taxes has been recorded. The Foundation accounts for uncertain tax positions in accordance with the provisions of Financial Accounting Standards Board ("FASB") Codification Topic Income Taxes. Income Taxes clarifies the accounting for uncertainty in income taxes and requires the Foundation to recognize in their financial statements the impact of a tax position taken or expected to be taken in a tax return, if that position is more likely than not to be sustained under audit, based on the technical merits of the position. Management has assessed the tax positions of the Foundation and determined that no positions exist that require adjustment or disclosure in the financial statements. The Foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Organization believes it is no longer subject to income tax examinations for years prior to 2008. |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier | 0 | FIN 48 (ASC 740) footnote |
| IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference | 0 | Form 990, Schedule D, Part X, line 2 |
| IRS990ScheduleD/OtherAssets/BookValue | 0 | 122166 |
| IRS990ScheduleD/OtherAssets/Description | 0 | ACCRUED REVENUE |
| IRS990ScheduleD/OtherLiabilities/Amount | 0 | 171509 |
| IRS990ScheduleD/OtherLiabilities/Description | 0 | DUE TO NRCCUA |
| IRS990ScheduleD/RevenueSubtotal | 0 | 696768 |
| IRS990ScheduleD/TotalBookValueOtherAssets | 0 | 122166 |
| IRS990ScheduleD/TotalExpenses | 0 | 867825 |
| IRS990ScheduleD/TotalExpensesPerForm990 | 0 | 867825 |
| IRS990ScheduleD/TotalOfAmounts | 0 | 171509 |
| IRS990ScheduleD/TotalOfBookValueLandBuildings | 0 | 1737 |
| IRS990ScheduleD/TotalRevenue | 0 | 696768 |
| IRS990ScheduleD/TotalRevenuePerForm990 | 0 | 696768 |
| IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt | 0 | 867825 |
| IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt | 0 | 696768 |
| IRS990/ScheduleJRequired | 0 | false |
| IRS990ScheduleL/Form990ScheduleLPartIV/AmountOfTransaction | 0 | 18564 |
| IRS990ScheduleL/Form990ScheduleLPartIV/AmountOfTransaction | 1 | 75689 |
| IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction | 0 | See below |
| IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction | 1 | See below |
| IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson | 0 | Wendy Darling |
| IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson | 1 | Scholarship and Financial Aid Serv |
| IRS990ScheduleL/Form990ScheduleLPartIV/Relationship | 0 | See below |
| IRS990ScheduleL/Form990ScheduleLPartIV/Relationship | 1 | See below |
| IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues | 0 | false |
| IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues | 1 | false |
| IRS990ScheduleL/Form990ScheduleLPartV/Explanation | 0 | Scholarship and Financial Aid Services LLC ("SAFAS") is 100% owned by the organization's Executive Director. The organization's Air Force Academic Bowl activity was funded through contracts between the United States Air Force and SAFAS. SAFAS' only role in these activities is to collect revenue from the contracts and remit 100% of it to the Foundation. During 2011,SAFAS collected and remitted $75,688.92 to the organization. SAFAS receives no tangible benefits from this activity. |
| IRS990ScheduleL/Form990ScheduleLPartV/Explanation | 1 | Wendy Darling is the Corporate Secretary of the organization and the spouse of the organization's President and Executive Director. She also performs consulting services for the organization as an independent contractor for which she was compensated $18,564 during 2011. |
| IRS990ScheduleL/Form990ScheduleLPartV/Identifier | 0 | Scholarship and Financial Aid Services LLC |
| IRS990ScheduleL/Form990ScheduleLPartV/Identifier | 1 | Wendy Darling |
| IRS990ScheduleL/Form990ScheduleLPartV/ReturnReference | 0 | Schedule L, Part IV |
| IRS990ScheduleL/Form990ScheduleLPartV/ReturnReference | 1 | Schedule L, Part IV |
| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | The Organization's governing documents, conflict of interest policy, and financial statements are available for the public's inspection upon request. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | The return was reviewed by a representative of the Foundation's management company and a conference call was held with the third party tax return preparer to discuss and resolve the tax return preparer's and the management company representative's issues and questions. Once the management company representative completed his review, a pdf copy of the final 990 (including required schedules) as ultimately filed with the IRS was attached to an email sent to each voting member of the board for his or her review prior to filing with the IRS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | Director and President, Terry Wilfong, is married to Corporate Secretary, Wendy Darling. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 3 | The National Research Center for College and University Admissions, Inc. ("NRCCUA"), provides personnel, accounting and bookkeeping, information technology, and other services to the Foundation. As compensation for these management services provided by NRCCUA, the Foundation agrees to reimburse the NRCCUA the direct costs incurred in providing these services. The agreement renews annually on January 1st, unless modified or terminated by either party to the agreement. The Foundation's expense under this agreement was $204,422 for the year. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 4 | At the annual board meeting, each director completes a questionnaire regarding his or her compliance with the provisions of the policy. |
| IRS990ScheduleO/GeneralExplanation/Identifier | 0 | Part VI, Section C, Line 19 |
| IRS990ScheduleO/GeneralExplanation/Identifier | 1 | Part VI, Section B, Line 11B |
| IRS990ScheduleO/GeneralExplanation/Identifier | 2 | Part VI, Section A, Line 2 |
| IRS990ScheduleO/GeneralExplanation/Identifier | 3 | Part VI, Section A, Line 3 |
| IRS990ScheduleO/GeneralExplanation/Identifier | 4 | Part VI, Section B, Line 12c |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 0 | Process used by organization to review this Form 990 |
| IRS990/ScheduleORequired | 0 | true |
| IRS990/School | 0 | false |
| IRS990/SignificantChange | 0 | false |
| IRS990/SignificantNewProgramServices | 0 | false |
| IRS990/StateLegalDomicile | 0 | GA |
| IRS990/StatesWhereCopyOfReturnIsFiled | 0 | GA |
| IRS990/SubjectToProxyTax | 0 | false |
| IRS990/TaxablePartyNotification | 0 | false |
| IRS990/TaxExemptBondLiabilities/BOY | 0 | 0 |
| IRS990/TaxExemptBondLiabilities/EOY | 0 | 0 |
| IRS990/TaxExemptBonds | 0 | false |
| IRS990/TemporarilyRestrictedNetAssets/BOY | 0 | 0 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $247,949
- Liabilities
- $325,536
- Net assets
- -$77,587
- Revenue
- -
- Expenses
- $867,825
- Net income
- -