Civic Intelligence

The Tuition Exchange Inc

990 • Fiscal year 2020 • EIN 04-2227075

Jul 01, 2019 to Jun 30, 2020 • Filed on Dec 10, 2020

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

57th percentile

0.15x

Higher debt load relative to assets than 57% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

67th percentile

0.28x

Higher debt load relative to revenue than 67% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

61st percentile

11%

Higher net margin than 61% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

88th percentile

$177,416

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 24.7% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

61st percentile

12%

Faster asset growth than 61% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

46th percentile

-0.8%

Faster revenue growth than 46% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$1,354,132

Up $140,809 (+12%) from 2019

Net Assets

Up

$1,154,781

Up $88,274 (+8.3%) from 2019

Liabilities

Up

$199,351

Up $52,535 (+36%) from 2019

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin61st percentile

Revenue

Down

$719,565

Down $5,630 (-0.8%) from 2019

Expenses

Down

$637,200

Down $35,405 (-5.3%) from 2019

Net Income

Up

$82,365

Up $29,775 (+57%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth61st 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

2020

Assets$1,354,132
Liabilities$199,351
Net Assets$1,154,781
Open 2020 Filing

Operations Trend

Revenue Growth46th 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

2020

Revenue$719,565
Expenses$637,200
Net Income$82,365
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Dec 10, 2020
Return Version
2019v5.1
Gross Receipts
$719,565
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$998,789$1,033,615▲ $34,826
Savings and Temporary Cash Investments$157,345$275,530▲ $118,185
Cash and Non-Interest-Bearing Accounts$28,124$22,259▼ $5,865
Prepaid Expenses and Deferred Charges$13,195$13,012▼ $183
Land, Buildings, and Equipment, Net$15,870$9,716▼ $6,154
Total Assets$1,213,323$1,354,132▲ $140,809
Liabilities
Grants Payable$117,500$110,000▼ $7,500
Deferred Revenue$14,960$78,000▲ $63,040
Accounts Payable and Accrued Expenses$14,356$11,351▼ $3,005
Total Liabilities$146,816$199,351▲ $52,535
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,066,507$1,154,781▲ $88,274
Total Net Assets Fund Balance$1,066,507$1,154,781▲ $88,274
Total Liabilities and Net Assets / Fund Balance$1,213,323$1,354,132▲ $140,809

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,865$107,355$111,220
Equipment$5,851$10,772$16,623
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert D ShorbExecutive Director/CEO & SecretaryFT$154,275$23,141$177,416

Board Members and Trustees

NameTitle
Lynn M BynumChairperson
Anthony S CaprioDirector
Barbara B FritzeDirector
Edwin J ButterfossDirector
James M MulanaphyDirector
John a PalmucciDirector
Maureen a MckinnonDirector
Melissa J StoneDirector
Michael H ScottDirector
Lucie LapovskyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$691,630
Investment Income
$27,935
Other Revenue
$0
Change in Net Assets
$82,365

Audited Revenue Reconciliation

Revenue per Audited Statements
$719,565
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$5,909
Total Revenue per Audited Statements
$725,474
Total Revenue per Form 990
$719,565
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$448,848
Other Expenses$148,352
Grants and Similar Amounts Paid$40,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$84,166$100,631-$184,797
Current Officers, Directors, Trustees, and Key Employees$72,116$108,175-$180,291
Information Technology$34,073$11,358-$45,431
Grants to Domestic Individuals$40,000--$40,000
Conferences and Meetings$5,416$29,144-$34,560
Other Employee Benefits$13,408$17,774-$31,182
Pension Plan Contributions$12,626$15,094-$27,720
Payroll Taxes$10,689$14,169-$24,858
Travel$5,160$7,741-$12,901
Fees for Services Accounting-$10,529-$10,529
Office Expenses$3,679$5,057-$8,736
Depreciation Depletion$2,900$5,631-$8,531
Occupancy-$8,013-$8,013
Insurance-$6,044-$6,044
Other Expenses$2,391$2,391-$4,782
Advertising$2,106$702-$2,808
Total Functional Expenses$294,145$343,055$0$637,200

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$637,200
Total Expenses per Audited Statements$637,200
Total Expenses per Form 990$637,200
Expenses Not Reported on Financial Statements$0
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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

“The executive director's compensation was reviewed by an independent compensation consultant, using comparative data of other non-profit ceo positions. Using this information, the compensation for the executive director was determined by the board of directors. The last compensation review was june 2020.”

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/secretary
Phone
3019411827
Signed
2020-12-10
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
10

Preparer

Firm
Gelman Rosenberg & Freedman
Address
4550 MONTGOMERY AVE SUITE 800N, BETHESDA, MD 20814-2930
Preparer
Richard J Locastro CPA
Phone
3019519090
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“For the year ended june 30, 2020, 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 508 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/Desc0FULL MEMBERSHIP SERVICES INCLUDE PROVIDING PRINT MARKETING MATERIALS, STAFF DEVELOPMENT TRAINING, DATA REPORTING, COMPREHENSIVE WEBSITE RESOURCES, ON-LINE APPLICATION PROCESS, EMAIL/CALL CENTER/IN PERSON ASSISTANCE FROM STAFF IN DAILY ON-CAMPUS ADMINISTRATION OF THE TUITION EXCHANGE PROGRAM, AND YEAR-ROUND RECRUITMENT OF NEW MEMBER INSTITUTIONS.
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IRS990/OtherExpensesGrp/Desc0MEMBER TRAINING
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0602
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12391
IRS990/OtherExpensesGrp/ProgramServicesAmt05415
IRS990/OtherExpensesGrp/ProgramServicesAmt12391
IRS990/OtherExpensesGrp/TotalAmt06017
IRS990/OtherExpensesGrp/TotalAmt14782
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0100631
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt084166
IRS990/OtherSalariesAndWagesGrp/TotalAmt0184797
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014169
IRS990/PayrollTaxesGrp/ProgramServicesAmt010689
IRS990/PayrollTaxesGrp/TotalAmt024858
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt015094
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt012626
IRS990/PensionPlanContributionsGrp/TotalAmt027720
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013195
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013012
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/RelatedOrExemptFuncIncomeAmt0368500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1308600
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt212620
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31750
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4160
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0368500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1308600
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt212620
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4160
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/ExpenseAmt040000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt040000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt046250
IRS990/PYInvestmentIncomeAmt040585
IRS990/PYOtherExpensesAmt0194242
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0684610
IRS990/PYRevenuesLessExpensesAmt052590
IRS990/PYSalariesCompEmpBnftPaidAmt0432113
IRS990/PYTotalExpensesAmt0672605
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0725195
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt082365
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0691630
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0157345
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0275530
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt027935
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt040585
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt026454
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt019557
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt019315
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0133846
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0691630
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0684610
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0669516
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0579880
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0558515
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03184151
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt027935
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt040585
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt026454
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt019557
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt019315
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0133846
IRS990ScheduleA/InvestmentIncomeCYPct00.04020
IRS990ScheduleA/InvestmentIncomePYPct00.03930
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0700
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt09585
IRS990ScheduleA/OtherIncome509Grp/TotalAmt010285
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95590
IRS990ScheduleA/PublicSupportPY509Pct00.95690
IRS990ScheduleA/PublicSupportTotal509Amt03181389
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt01114
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0618
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt01030
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt02762
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt01114
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0618
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt01030
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt02762
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0691630
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0684610
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0669516
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0579880
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0558515
IRS990ScheduleA/Total509Grp/TotalAmt03184151
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0719565
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0725195
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0695970
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0600137
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0587415
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03328282
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt05851
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010772
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt016623
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0637200
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt05909
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03865
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0107355
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0111220
IRS990ScheduleD/RevenueNotReportedAmt05909
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0719565
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FOR THE YEAR ENDED JUNE 30, 2020, 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/TotalBookValueLandBuildingsAmt09716
IRS990ScheduleD/TotalExpensesPerForm990Amt0637200
IRS990ScheduleD/TotalRevenuePerForm990Amt0719565
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0725474
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0637200
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt040000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TUITION EXCHANGE GRANT OPPORTUNITY
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt016
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/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0154275
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt023141

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,354,132
Liabilities
$199,351
Net assets
$1,154,781
Revenue
$719,565
Expenses
$637,200
Net income
$82,365
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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