Civic Intelligence

The Tuition Exchange Inc

990 • Fiscal year 2018 • EIN 04-2227075

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 25, 2019

Organization ProfileWWW.TUITIONEXCHANGE.ORG

View Organization Page

3 Bethesda Metro Center No 700Bethesda, MD 20814

(301) 941-1827

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.15x

Higher debt load relative to assets than 58% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

68th percentile

0.25x

Higher debt load relative to revenue than 68% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

60th percentile

7.2%

Higher net margin than 60% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

86th percentile

$166,333

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 23.9% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

74th percentile

11%

Faster asset growth than 74% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

69th percentile

14%

Faster revenue growth than 69% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$1,180,544

Up $120,801 (+11%) from 2017

Net Assets

Up

$1,006,750

Up $78,461 (+8.5%) from 2017

Liabilities

Up

$173,794

Up $42,340 (+32%) from 2017

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin60th percentile

Revenue

Up

$695,970

Up $86,732 (+14%) from 2017

Expenses

Up

$646,120

Up $52,731 (+8.9%) from 2017

Net Income

Up

$49,850

Up $34,001 (+215%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $837,408Liabilities 2011: $151,279Net Assets 2011: $686,1292011Assets 2012: $786,929Liabilities 2012: $118,297Net Assets 2012: $668,6322012Assets 2013: $842,365Liabilities 2013: $87,497Net Assets 2013: $754,8682013Assets 2014: $936,054Liabilities 2014: $97,784Net Assets 2014: $838,2702014Assets 2015: $962,084Liabilities 2015: $90,188Net Assets 2015: $871,8962015Assets 2016: $951,688Liabilities 2016: $99,714Net Assets 2016: $851,9742016Assets 2017: $1,059,743Liabilities 2017: $131,454Net Assets 2017: $928,2892017Assets 2018: $1,180,544Liabilities 2018: $173,794Net Assets 2018: $1,006,7502018Assets 2019: $1,213,323Liabilities 2019: $146,816Net Assets 2019: $1,066,5072019Assets 2020: $1,354,132Liabilities 2020: $199,351Net Assets 2020: $1,154,7812020Assets 2021: $1,682,595Liabilities 2021: $249,660Net Assets 2021: $1,432,9352021Assets 2022: $1,514,822Liabilities 2022: $271,459Net Assets 2022: $1,243,3632022Assets 2023: $1,649,013Liabilities 2023: $234,543Net Assets 2023: $1,414,4702023Assets 2024: $1,848,164Liabilities 2024: $378,860Net Assets 2024: $1,469,3042024Assets 2025: $1,550,184Liabilities 2025: $160,385Net Assets 2025: $1,389,7992025

Highlighted filing

2018

Assets$1,180,544
Liabilities$173,794
Net Assets$1,006,750
Open 2018 Filing

Operations Trend

Revenue Growth69th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2011: $452,7972011Expenses 2012: $468,1162012Revenue 2013: $545,713Expenses 2013: $522,762Net Income 2013: $22,9512013Revenue 2014: $559,425Expenses 2014: $539,583Net Income 2014: $19,8422014Revenue 2015: $572,825Expenses 2015: $525,802Net Income 2015: $47,0232015Revenue 2016: $587,415Expenses 2016: $574,820Net Income 2016: $12,5952016Revenue 2017: $609,238Expenses 2017: $593,389Net Income 2017: $15,8492017Revenue 2018: $695,970Expenses 2018: $646,120Net Income 2018: $49,8502018Revenue 2019: $725,195Expenses 2019: $672,605Net Income 2019: $52,5902019Revenue 2020: $719,565Expenses 2020: $637,200Net Income 2020: $82,3652020Revenue 2021: $763,072Expenses 2021: $658,364Net Income 2021: $104,7082021Revenue 2022: $746,030Expenses 2022: $683,680Net Income 2022: $62,3502022Revenue 2023: $782,739Expenses 2023: $718,656Net Income 2023: $64,0832023Revenue 2024: $888,813Expenses 2024: $885,527Net Income 2024: $3,2862024Revenue 2025: $875,089Expenses 2025: $1,039,243Net Income 2025: -$164,1542025

Highlighted filing

2018

Revenue$695,970
Expenses$646,120
Net Income$49,850
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 25, 2019
Return Version
2017v2.3
Gross Receipts
$695,970
Mission and Program Overview

Mission

To ensure that all segments of the population have access to more post- secondary education through the tuition exchange scholarship program.

SEE PART III, LINE 1.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$828,544$917,262▲ $88,718
Savings and Temporary Cash Investments$143,195$150,676▲ $7,481
Cash and Non-Interest-Bearing Accounts$36,057$59,494▲ $23,437
Land, Buildings, and Equipment, Net$35,786$34,167▼ $1,619
Prepaid Expenses and Deferred Charges$16,016$17,960▲ $1,944
Accounts Receivable$145$985▲ $840
Total Assets$1,059,743$1,180,544▲ $120,801
Liabilities
Grants Payable$100,172$112,500▲ $12,328
Accounts Payable and Accrued Expenses$6,982$34,534▲ $27,552
Deferred Revenue$24,300$26,760▲ $2,460
Total Liabilities$131,454$173,794▲ $42,340
Net Assets / Fund Balance
Unrestricted Net Assets$928,289$1,006,750▲ $78,461
Total Net Assets Fund Balance$928,289$1,006,750▲ $78,461
Total Liabilities and Net Assets / Fund Balance$1,059,743$1,180,544▲ $120,801

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$30,448$80,772$111,220
Equipment$3,719$9,432$13,151
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert D ShorbExecutive Director & SecretaryFT$144,637$21,696$166,333

Board Members and Trustees

NameTitle
Lynn M BynumChairperson
Anthony S CaprioDirector
Barbara B FritzeDirector
Edwin J ButterfossDirector
James M MulanaphyDirector
John a PalmucciDirector
Melissa J StoneDirector
Howard D SaperstonDirector (until 12/17)
Maureen a MckinnonDirector(beg 6/18)
Michael H ScottDirector(beg 6/18)
Lucie LapovskyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$669,516
Investment Income
$26,454
Other Revenue
$0
Change in Net Assets
$49,850

Audited Revenue Reconciliation

Revenue per Audited Statements
$687,169
Revenue Not Reported on Financial Statements
$8,801
Revenue Not Reported on Form 990
$28,611
Total Revenue per Audited Statements
$715,780
Total Revenue per Form 990
$695,970
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$414,444
Other Expenses$184,348
Grants and Similar Amounts Paid$47,328
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$97,707$72,730-$170,437
Other Salaries and Wages$96,635$71,932-$168,567
Conferences and Meetings$4,750$50,499-$55,249
Grants to Domestic Individuals$47,328--$47,328
Other Employee Benefits$14,169$12,565-$26,734
Pension Plan Contributions$12,439$12,846-$25,285
Information Technology$22,133$2,459-$24,592
Depreciation Depletion$16,510$7,075-$23,585
Payroll Taxes$12,413$11,008-$23,421
Travel$8,570$12,855-$21,425
Fees for Service Investment Mgmnt Fees-$8,801-$8,801
Office Expenses$5,526$2,966-$8,492
Occupancy$3,913$3,471-$7,384
Fees for Services Accounting$7,254--$7,254
Insurance$3,132$2,777-$5,909
Advertising$5,669--$5,669
Other Expenses$857$368-$1,225
Total Functional Expenses$372,350$273,770$0$646,120

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$646,120
Expenses per Audited Statements$637,319
Total Expenses per Audited Statements$637,319
Expenses Not Reported on Financial Statements$8,801
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The draft form 990 was prepared by the outside accountants and reviewed by the entire board of directors prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Each director and employee annually signs a conflict of interest statement which affirms that such person has: received a copy of the conflict of interest policy; has read and understands the policy; and has agreed to comply with the policy. In the event that a board member has a conflict of interest, s/he discloses the conflict and does not participate in any related deliberations or decisions.”

Form 990, Part VI, Section B, Line 15A

“Compensation for the executive director is determined by the board of directors. The executive director's pay scale is compared to similar positions in the dc area. The last compensation review was june 2018.”

Form 990, Part VI, Section C, Line 19

“The tuition exchange makes it governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Tuition Exchange Inc
EIN
04-2227075
Phone
3019411827
Address
3 BETHESDA METRO CENTER NO 700, BETHESDA, MD 20814

Signing Officer

Name
Robert D Shorb
Title
Executive Director
Phone
3019411827
Signed
2019-01-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert D Shorb
Formed
1954
Legal Domicile
Md
Voting Board Members
10
Independent Board Members
10
Employees
3
Volunteers
11

Preparer

Firm
Gelman Rosenberg & Freedman
Address
4550 MONTGOMERY AVE SUITE 650N, BETHESDA, MD 20814-2930
Phone
3019519090
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“For the year ended june 30, 2018, the exchange has documented its consideration of fasb asc 740-10, income taxes, that provides guidance for reporting uncertainty in income taxes, and has determined that no material uncertain tax positions qualify for either recognition or disclosure in the financial statements.”

Raw XML AppendixShowing 400 of 518 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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IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt03471
IRS990/OccupancyGrp/ProgramServicesAmt03913
IRS990/OccupancyGrp/TotalAmt07384
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02966
IRS990/OfficeExpensesGrp/ProgramServicesAmt05526
IRS990/OfficeExpensesGrp/TotalAmt08492
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt012565
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt014169
IRS990/OtherEmployeeBenefitsGrp/TotalAmt026734
IRS990/OtherExpensesGrp/Desc0WORKSHOPS
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2EQUIPMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01418
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1368
IRS990/OtherExpensesGrp/ProgramServicesAmt011928
IRS990/OtherExpensesGrp/ProgramServicesAmt11417
IRS990/OtherExpensesGrp/ProgramServicesAmt2857
IRS990/OtherExpensesGrp/TotalAmt011928
IRS990/OtherExpensesGrp/TotalAmt12835
IRS990/OtherExpensesGrp/TotalAmt21225
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt071932
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt096635
IRS990/OtherSalariesAndWagesGrp/TotalAmt0168567
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011008
IRS990/PayrollTaxesGrp/ProgramServicesAmt012413
IRS990/PayrollTaxesGrp/TotalAmt023421
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt012846
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt012439
IRS990/PensionPlanContributionsGrp/TotalAmt025285
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016016
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017960
IRS990/PrincipalOfficerNm0ROBERT D SHORB
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1PARTICIPATION FEES
IRS990/ProgramServiceRevenueGrp/Desc2ADMINISTRATIVE FEES
IRS990/ProgramServiceRevenueGrp/Desc3INITIATION FEES
IRS990/ProgramServiceRevenueGrp/Desc4LATE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0361900
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1294360
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt29450
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt33500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4306
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0361900
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1294360
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt29450
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt33500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4306
IRS990/ProgSrvcAccomActy2Grp/Desc0THESE GRANTS ARE A SUPPLEMENT TO TUITION EXCHANGE SCHOLARSHIPS FOR THOSE HIGH ACHIEVING STUDENTS WHO NEED MORE FINANCIAL HELP IN PAYING NON-TUITION COLLEGE EXPENSES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt047328
IRS990/ProgSrvcAccomActy2Grp/GrantAmt047328
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt047808
IRS990/PYInvestmentIncomeAmt019558
IRS990/PYOtherExpensesAmt0142164
IRS990/PYOtherRevenueAmt013300
IRS990/PYProgramServiceRevenueAmt0576380
IRS990/PYRevenuesLessExpensesAmt015849
IRS990/PYSalariesCompEmpBnftPaidAmt0403417
IRS990/PYTotalExpensesAmt0593389
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0609238
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt049850
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0669516
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0143195
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0150676
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt026454
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt019557
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt019315
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt019076
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt018840
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0103242
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0669516
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0579880
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0558515
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0553535
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0540435
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02901881
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt026454
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt019557
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt019315
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt019076
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt018840
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0103242
IRS990ScheduleA/InvestmentIncomeCYPct00.03420
IRS990ScheduleA/InvestmentIncomePYPct00.03230
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0700
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt09585
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0210
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0150
IRS990ScheduleA/OtherIncome509Grp/TotalAmt010645
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96190
IRS990ScheduleA/PublicSupportPY509Pct00.96390
IRS990ScheduleA/PublicSupportTotal509Amt02900851
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt01030
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt01030
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt01030
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt01030
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0669516
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0579880
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0558515
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0553535
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0540435
IRS990ScheduleA/Total509Grp/TotalAmt02901881
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0695970
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0600137
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0587415
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0572821
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0559425
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03015768
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt03719
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09432
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt013151
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt08801
IRS990ScheduleD/ExpensesSubtotalAmt0637319
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt08801
IRS990ScheduleD/InvestmentExpensesNotIncldAmt08801
IRS990ScheduleD/NetUnrealizedGainsInvstAmt028611
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt030448
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt080772
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0111220
IRS990ScheduleD/RevenueNotReportedAmt028611
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt08801
IRS990ScheduleD/RevenueSubtotalAmt0687169
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FOR THE YEAR ENDED JUNE 30, 2018, THE EXCHANGE HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES, AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt034167
IRS990ScheduleD/TotalExpensesPerForm990Amt0646120
IRS990ScheduleD/TotalRevenuePerForm990Amt0695970
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0715780
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0637319
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt047328
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TUITION EXCHANGE GRANT OPPORTUNITY
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt017
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE TUITION EXCHANGE DOUBLE CHECKS THE FINAL ELIGIBILITY REQUIREMENTS (ACTUAL FAMILY CONTRIBUTION FROM FAFSA) WITH THE STUDENTS. SCHOLARSHIP PAYMENTS ARE SENT TO THE FINANCIAL AID OFFICES AT THE COLLEGE THE STUDENT ATTENDS WITH INSTRUCTIONS TO CONFIRM THE STUDENT'S ENROLLMENT. SCHOLARSHIP PAYMENTS CAN BE USED FOR NON-TUITION EXPENSES. A TUITION EXCHANGE LIAISON OFFICER AT THE STUDENT'S HOME INSTITUTION ALSO CONFIRMS STUDENT ENROLLMENT AT AN ELIGIBLE INSTITUTION VIA THE TUITION EXCHANGE ANNUAL REPORT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,180,544
Liabilities
$173,794
Net assets
$1,006,750
Revenue
$695,970
Expenses
$646,120
Net income
$49,850
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.55$0.16$1.39$0.88$1.04$0.16
2024Detailed filing. Detailed filing data is available for this year.$1.85$0.38$1.47$0.89$0.89$0.00
2023Detailed filing. Detailed filing data is available for this year.$1.65$0.23$1.41$0.78$0.72$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.51$0.27$1.24$0.75$0.68$0.06
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.68$0.25$1.43$0.76$0.66$0.10
2020Detailed filing. Detailed filing data is available for this year.$1.35$0.20$1.15$0.72$0.64$0.08
2019Detailed filing. Detailed filing data is available for this year.$1.21$0.15$1.07$0.73$0.67$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.18$0.17$1.01$0.70$0.65$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.06$0.13$0.93$0.61$0.59$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.95$0.10$0.85$0.59$0.57$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.96$0.09$0.87$0.57$0.53$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.94$0.10$0.84$0.56$0.54$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.84$0.09$0.75$0.55$0.52$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.12$0.67$0.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.84$0.15$0.69$0.45
Peer Organizations

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