Civic Intelligence

Kaplan Educational Foundation

990 • Fiscal year 2019 • EIN 20-0495155

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 15, 2020

Organization ProfileWWW.KAPLANEDFOUNDATION.ORG
750 Third Avenue Seventh FloorNew York, NY 10017

(212) 707-5300

Siviq Scores

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

Liabilities / Assets

30th percentile

0.04x

Higher debt load relative to assets than 30% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

62nd percentile

0.28x

Higher debt load relative to revenue than 62% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

29th percentile

-3.1%

Higher net margin than 29% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Balance Sheet
Liabilities / Assets30th percentile

Assets

Up

$5,580,874

Up $724,401 (+15%) from 2012

Net Assets

$5,363,736

No earlier filing loaded for comparison.

Liabilities

Up

$217,138

Up $217,138 from 2012

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin29th percentile

Revenue

Up

$769,753

Up $312,011 (+68%) from 2012

Expenses

Down

$793,801

Down $210,371 (-21%) from 2012

Net Income

Up

-$24,048

Up $522,382 (+96%) from 2012

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $5,535,614Liabilities 2011: $02011Assets 2012: $4,856,473Liabilities 2012: $02012Assets 2019: $5,580,874Liabilities 2019: $217,138Net Assets 2019: $5,363,7362019Assets 2020: $5,209,355Liabilities 2020: $14,313Net Assets 2020: $5,195,0422020Assets 2021: $5,757,568Liabilities 2021: $17,805Net Assets 2021: $5,739,7632021Assets 2022: $4,769,790Liabilities 2022: $204,352Net Assets 2022: $4,565,4382022Assets 2023: $5,137,662Liabilities 2023: $147,073Net Assets 2023: $4,990,5892023Assets 2024: $6,035,384Liabilities 2024: $149,163Net Assets 2024: $5,886,2212024

Highlighted filing

2019

Assets$5,580,874
Liabilities$217,138
Net Assets$5,363,736
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2011: $648,462Expenses 2011: $932,166Net Income 2011: -$283,7042011Revenue 2012: $457,742Expenses 2012: $1,004,172Net Income 2012: -$546,4302012Revenue 2019: $769,753Expenses 2019: $793,801Net Income 2019: -$24,0482019Revenue 2020: $335,361Expenses 2020: $677,703Net Income 2020: -$342,3422020Revenue 2021: $496,497Expenses 2021: $683,744Net Income 2021: -$187,2472021Revenue 2022: $561,514Expenses 2022: $891,390Net Income 2022: -$329,8762022Revenue 2023: $754,976Expenses 2023: $725,764Net Income 2023: $29,2122023Revenue 2024: $1,104,879Expenses 2024: $722,858Net Income 2024: $382,0212024

Highlighted filing

2019

Revenue$769,753
Expenses$793,801
Net Income-$24,048
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 15, 2020
Return Version
2018v3.2
Gross Receipts
$9,196,810
Mission and Program Overview

Mission

To eliminate barriers to higher education for overlooked and under-served students and develop them as world leaders and advocates for their communities by providing a comprehensive array of financial and academic support, transfer admissions, advising and leadership skills development.

Provide academic and financial support to strong college students with demonstrated need.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,602,668$5,116,156▲ $1,513,488
Cash and Non-Interest-Bearing Accounts$1,688,806$364,501▼ $1,324,305
Accounts Receivable$73,125$100,217▲ $27,092
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$5,364,599$5,580,874▲ $216,275
Liabilities
Accounts Payable and Accrued Expenses$127,784$217,138▲ $89,354
Total Liabilities$127,784$217,138▲ $89,354
Net Assets / Fund Balance
Unrestricted Net Assets$5,236,815$5,263,519▲ $26,704
Temporarily Rstr Net Assets-$100,217-
Total Net Assets Fund Balance$5,236,815$5,363,736▲ $126,921
Total Liabilities and Net Assets / Fund Balance$5,364,599$5,580,874▲ $216,275

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$3,568$3,568
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nancy Lee SanchezExecutive DirectorFT$131,875$7,646$139,521

Board Members and Trustees

NameTitle
Melissa MackChairman, Director
Christopher NeumannDirector
Ernest MensahDirector
Harold ElishDirector
Jane RosenbergDirector
Jon-paul BernardDirector
Yael AufgangDirector
Annie TogniTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$634,344
Program Service Revenue
$0
Investment Income
$135,409
Other Revenue
$0
All Other Contributions
$634,344
Change in Net Assets
$-24,048

Audited Revenue Reconciliation

Revenue per Audited Statements
$769,753
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$421,521
Total Revenue per Audited Statements
$1,191,274
Total Revenue per Form 990
$769,753
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$400,568
Salaries, Compensation, and Employee Benefits$358,879
Total Fundraising Expense$208,495
Grants and Similar Amounts Paid$34,354
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$111,675$29,536$20,019$161,230
Other Salaries and Wages$111,386$29,459$19,968$160,813
Office Expenses-$36,422-$36,422
Grants to Domestic Individuals$34,354--$34,354
Payroll Taxes$16,560$4,380$2,969$23,909
Other Expenses$13,416-$1,180$14,596
Other Employee Benefits$8,955$2,367$1,605$12,927
All Other Expenses-$9,634$1,352$10,986
Information Technology$2,650-$5,706$8,356
Travel--$7,108$7,108
Advertising$4,936--$4,936
Total Functional Expenses$473,508$111,798$208,495$793,801

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,064,353
Expenses per Audited Statements$793,801
Total Expenses per Form 990$793,801
Expenses Not Reported on Form 990$270,552
Expenses Not Reported on Financial Statements$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
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

“Management reviews the form 990 prior to filing.”

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

“All officers and directors are required to review the conflict of interest policy on an annual basis. If a conflicy does exist, it much be reported.”

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

“The board determins executive director compensation based on compensation information of similar organizations.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Kaplan Educational Foundation
EIN
20-0495155
Phone
2127075300
Address
750 THIRD AVENUE SEVENTH FLOOR, NEW YORK, NY 10017

Signing Officer

Name
Nancy Sanchez
Title
Executive Director
Phone
2127075300
Signed
2020-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nancy Sanchez
Formed
2003
Legal Domicile
De
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
25

Preparer

Firm
Cohnreznick Llp
Address
4 BECKER FARM ROAD, ROSELAND, NJ 07068
Preparer
Lori Rothe Yokobosky CPA
Phone
9732283500
Supplemental Narrative

Additional Explanations

FORM 990, PART V, LINE 2A:

“The organization relies on the services of kapalan, inc. An unrelated organization to assist with processing and filing all required form w-2s. As such, part v, line 2a is 0.”

Financial Statement Notes

PART X, LINE 2:

“The company is a nonprofit corporation as described in section 501(c)(3) of the internal revenue code (irc) as other than a private foundation and is exempt from federal and state income taxes on related income pursuant to section 501(a) of the irc.”

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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt074736
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt074903
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt095189
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt095665
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0378177
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.49190
IRS990ScheduleA/PublicSupportPY170Pct00.42390
IRS990ScheduleA/PublicSupportTotal170Amt02120913
IRS990ScheduleA/SubstantialContributorsTotAmt01812840
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0634344
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02092043
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0498874
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0403134
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0305358
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03933753
IRS990ScheduleA/TotalSupportAmt04311930
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0270552
IRS990ScheduleD/DonatedServicesUseFcltsAmt0270552
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03568
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03568
IRS990ScheduleD/ExpensesNotReportedAmt0270552
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0793801
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0150969
IRS990ScheduleD/RevenueNotReportedAmt0421521
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0769753
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMPANY IS A NONPROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AS OTHER THAN A PRIVATE FOUNDATION AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE IRC.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0793801
IRS990ScheduleD/TotalRevenuePerForm990Amt0769753
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01191274
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01064353
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt034354
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0STIPENDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt042
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0APPLICATION DOCUMENTS ARE REVIEWED TO DETERMINE APPLICANTS' FINANCIAL NEED. STUDENT PERFORMANCE IS THEN REVIEWED ON A MONTHLY BASIS TO ENSURE COMPLAINCE PRIOR TO STIPEND APPROVAL.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RELIES ON THE SERVICES OF KAPALAN, INC. AN UNRELATED ORGANIZATION TO ASSIST WITH PROCESSING AND FILING ALL REQUIRED FORM W-2S. AS SUCH, PART V, LINE 2A IS 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT REVIEWS THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL OFFICERS AND DIRECTORS ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. IF A CONFLICY DOES EXIST, IT MUCH BE REPORTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD DETERMINS EXECUTIVE DIRECTOR COMPENSATION BASED ON COMPENSATION INFORMATION OF SIMILAR ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART V, LINE 2A:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/StatesWhereCopyOfReturnIsFldCd1CT
IRS990/StatesWhereCopyOfReturnIsFldCd2DE
IRS990/StatesWhereCopyOfReturnIsFldCd3FL
IRS990/StatesWhereCopyOfReturnIsFldCd4GA
IRS990/StatesWhereCopyOfReturnIsFldCd5MA
IRS990/StatesWhereCopyOfReturnIsFldCd6NJ
IRS990/StatesWhereCopyOfReturnIsFldCd7NY
IRS990/StatesWhereCopyOfReturnIsFldCd8IL
IRS990/StatesWhereCopyOfReturnIsFldCd9MD
IRS990/StatesWhereCopyOfReturnIsFldCd10PA
IRS990/StatesWhereCopyOfReturnIsFldCd11RI
IRS990/StatesWhereCopyOfReturnIsFldCd12VA
IRS990/StatesWhereCopyOfReturnIsFldCd13DC
IRS990/StatesWhereCopyOfReturnIsFldCd14OH
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0100217
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05364599
IRS990/TotalAssetsEOYAmt05580874
IRS990/TotalAssetsGrp/BOYAmt05364599
IRS990/TotalAssetsGrp/EOYAmt05580874
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0634344
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0208495
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0111798
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0473508
IRS990/TotalFunctionalExpensesGrp/TotalAmt0793801
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0127784
IRS990/TotalLiabilitiesEOYAmt0217138
IRS990/TotalLiabilitiesGrp/BOYAmt0127784
IRS990/TotalLiabilitiesGrp/EOYAmt0217138
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05236815
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05363736
IRS990/TotalOtherCompensationAmt07646
IRS990/TotalProgramServiceExpensesAmt0473508
IRS990/TotalReportableCompFromOrgAmt0131875
IRS990/TotalRevenueGrp/ExclusionAmt0135409
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0769753
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05364599
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05580874
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt07108
IRS990/TravelGrp/TotalAmt07108
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt05236815
IRS990/UnrestrictedNetAssetsGrp/EOYAmt05263519
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0750 THIRD AVENUE SEVENTH FLOOR
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010017

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,580,874
Liabilities
$217,138
Net assets
$5,363,736
Revenue
$769,753
Expenses
$793,801
Net income
-$24,048
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.04$0.15$5.89$1.10$0.72$0.38
2023Detailed filing. Detailed filing data is available for this year.$5.14$0.15$4.99$0.75$0.73$0.03
2022Detailed filing. Detailed filing data is available for this year.$4.77$0.20$4.57$0.56$0.89$0.33
2021Detailed filing. Detailed filing data is available for this year.$5.76$0.02$5.74$0.50$0.68$0.19
2020Detailed filing. Detailed filing data is available for this year.$5.21$0.01$5.20$0.34$0.68$0.34
2019Detailed filing. Detailed filing data is available for this year.$5.58$0.22$5.36$0.77$0.79$0.02
2012Summary only. Only limited summary data is available for this year.$4.86$0.00$0.46$1.00$0.55
2011Summary only. Only limited summary data is available for this year.$5.54$0.00$0.65$0.93$0.28