Civic Intelligence

Kaplan Educational Foundation

990 • Fiscal year 2024 • EIN 20-0495155

Jul 01, 2023 to Jun 30, 2024 • Filed on Mar 14, 2025

131 56th StreetNew York, NY 10019

(212) 707-5300

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.02x

Higher debt load relative to assets than 92% of similar nonprofits.

2024 filings • NTEE T20 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

0.14x

Higher debt load relative to revenue than 92% of similar nonprofits.

2024 filings • NTEE T20 • $5M-$10M nonprofits • Source year 2024

Net Margin

61st percentile

35%

Higher net margin than 61% of similar nonprofits.

2024 filings • NTEE T20 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

98th percentile

$143,193

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 13.0% of source-year revenue.

2024 filings • NTEE T20 • $5M-$10M nonprofits • Source year 2024

Asset Growth

82nd percentile

17%

Faster asset growth than 82% of similar nonprofits.

2024 filings • NTEE T20 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

58th percentile

46%

Faster revenue growth than 58% of similar nonprofits.

2024 filings • NTEE T20 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$6,035,384

Up $897,722 (+17%) from 2023

Net Assets

Up

$5,886,221

Up $895,632 (+18%) from 2023

Liabilities

Up

$149,163

Up $2,090 (+1.4%) from 2023

Revenue

Up

$1,104,879

Up $349,903 (+46%) from 2023

Expenses

Down

$722,858

Down $2,906 (-0.4%) from 2023

Net Income

Up

$382,021

Up $352,809 (+1208%) from 2023

Historical Trend

Balance Sheet Trend

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

2024

Assets$6,035,384
Liabilities$149,163
Net Assets$5,886,221

Operations Trend

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

2024

Revenue$1,104,879
Expenses$722,858
Net Income$382,021
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 14, 2025
Return Version
2023v6.0
Gross Receipts
$1,385,833
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$4,821,459$5,563,034▲ $741,575
Accounts Receivable$0$260,000▲ $260,000
Cash and Non-Interest-Bearing Accounts$313,065$210,068▼ $102,997
Land, Buildings, and Equipment, Net$3,138$2,282▼ $856
Total Assets$5,137,662$6,035,384▲ $897,722
Liabilities
Accounts Payable and Accrued Expenses$147,073$149,163▲ $2,090
Total Liabilities$147,073$149,163▲ $2,090
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,990,589$5,636,221▲ $645,632
Net Assets With Donor Restrictions$0$250,000▲ $250,000
Total Net Assets Fund Balance$4,990,589$5,886,221▲ $895,632
Total Liabilities and Net Assets / Fund Balance$5,137,662$6,035,384▲ $897,722

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,282$5,565$7,847
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nolvia DelgadoExecutive DirectorFT$134,977$8,216$143,193
Jon ChavezDirector of Academic AdmissionsFT$106,218$8,083$114,301

Board Members and Trustees

NameTitle
Melissa MackChairperson
Christopher NeumannBoard Member
Harold ElishBoard Member
Jane RosenbergBoard Member
Jennifer MarkowitzBoard Member
Jon-paul BernardBoard Member
Nancy Sanchez-badilloBoard Member
Yael AufgangBoard Member
Elisa DavisSecretary
Annie TogniTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$876,915
Program Service Revenue
$0
Investment Income
$227,964
Other Revenue
$0
All Other Contributions
$671,905
Change in Net Assets
$382,021

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,104,879
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,021,658
Total Revenue per Audited Statements
$2,126,537
Total Revenue per Form 990
$1,104,879
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$391,771
Other Expenses$248,290
Total Fundraising Expense$69,452
Professional Fundraising Fees$51,000
Grants and Similar Amounts Paid$31,797

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$213,450$9,847-$223,297
Current Officers, Directors, Trustees, and Key Employees$133,460$18,260$16,754$168,474
Fees for Services Professional Fundraising--$51,000$51,000
Grants to Domestic Individuals$31,797--$31,797
Fees for Services Accounting-$22,500-$22,500
Information Technology$12,447-$554$13,001
Fees for Services Other$582$11,699$667$12,948
Insurance-$7,663-$7,663
Other Expenses$8,292$7,232-$7,232
Conferences and Meetings$6,164$499$298$6,961
All Other Expenses$391$1,208$179$1,778
Depreciation Depletion-$856-$856
Advertising-$470-$470
Total Functional Expenses$573,172$80,234$69,452$722,858

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,230,905
Expenses per Audited Statements$722,858
Total Expenses per Form 990$722,858
Expenses Not Reported on Form 990$508,047
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$121,047
Fundraising Gross Income$121,047
Professional Fundraising Fees$51,000

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$326,057$121,047$57,417$63,630
Total Events$326,057$121,047$121,047$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 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

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 conflict does exist, it must be reported.

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

The board determines 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
131 56TH STREET, NEW YORK, NY 10019

Signing Officer

Name
Nolvia Delgado
Title
Executive Director
Phone
2127075300
Signed
2025-03-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nolvia Delgado
Formed
2003
Legal Domicile
De
Voting Board Members
8
Independent Board Members
8
Employees
4
Volunteers
45

Preparer

Firm
Sax Llp
Address
1040 AVENUE OF THE AMERICAS-16TH FL, NEW YORK, NY 10018
Preparer
Marqus White
Phone
2126857000
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The foundation does not believe its financial statements include any material, uncertain tax positions. Tax filings for periods ending june 30, 2021 and later are subject to examination by applicable taxing authorities.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Reclassify fundraising event expense 121,047.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Reclassify fundraising event expense 121,047.

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IRS990/OtherExpensesGrp/Desc0STUDENT SUPPORT
IRS990/OtherExpensesGrp/Desc1TUTORING AND ADVISING
IRS990/OtherExpensesGrp/Desc2TUITION, FEES AND BOOKS
IRS990/OtherExpensesGrp/Desc3BANK CHARGES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07232
IRS990/OtherExpensesGrp/ProgramServicesAmt097957
IRS990/OtherExpensesGrp/ProgramServicesAmt168632
IRS990/OtherExpensesGrp/ProgramServicesAmt28292
IRS990/OtherExpensesGrp/TotalAmt097957
IRS990/OtherExpensesGrp/TotalAmt168632
IRS990/OtherExpensesGrp/TotalAmt28292
IRS990/OtherExpensesGrp/TotalAmt37232
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt09847
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0213450
IRS990/OtherSalariesAndWagesGrp/TotalAmt0223297
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0NOLVIA DELGADO
IRS990/ProfessionalFundraisingInd01
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0637009
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt026861
IRS990/PYInvestmentIncomeAmt0117967
IRS990/PYOtherExpensesAmt0155344
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt029212
IRS990/PYSalariesCompEmpBnftPaidAmt0418690
IRS990/PYTotalExpensesAmt0725764
IRS990/PYTotalProfFndrsngExpnsAmt0124869
IRS990/PYTotalRevenueAmt0754976
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0382021
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0876915
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0637009
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0313197
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0387837
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0254589
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02469547
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0153871
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0125487
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0109712
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0105304
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt062546
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0556920
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.37470
IRS990ScheduleA/PublicSupportPY170Pct00.15030
IRS990ScheduleA/PublicSupportTotal170Amt01133996
IRS990ScheduleA/SubstantialContributorsTotAmt01335551
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0876915
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0637009
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0313197
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0387837
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0254589
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02469547
IRS990ScheduleA/TotalSupportAmt03026467
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/DonatedServicesAndUseFcltsAmt0387000
IRS990ScheduleD/DonatedServicesUseFcltsAmt0387000
IRS990ScheduleD/EquipmentGrp/BookValueAmt02282
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05565
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07847
IRS990ScheduleD/ExpensesNotReportedAmt0508047
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0722858
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0513611
IRS990ScheduleD/OtherExpensesIncludedAmt0121047
IRS990ScheduleD/OtherRevenueAmt0121047
IRS990ScheduleD/RevenueNotReportedAmt01021658
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01104879
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY MATERIAL, UNCERTAIN TAX POSITIONS. TAX FILINGS FOR PERIODS ENDING JUNE 30, 2021 AND LATER ARE SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RECLASSIFY FUNDRAISING EVENT EXPENSE 121,047.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RECLASSIFY FUNDRAISING EVENT EXPENSE 121,047.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02282
IRS990ScheduleD/TotalExpensesPerForm990Amt0722858
IRS990ScheduleD/TotalRevenuePerForm990Amt01104879
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02126537
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01230905
IRS990ScheduleG/AgrmtProfFundraisingActyInd01
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0FOUNDATION FUNDRAISING SUPPORT
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt1CONSULTANT
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd00
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd10
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt00
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt10
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt00
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt10
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0JC GEEVER
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt1BLB CONSULTING
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt048000
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt130000
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt011 RIVERSIDE DRIVE 2EW
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt1347 5TH AVE SUITE 1402
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0NY
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm1NY
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd1NY
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd010023
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd110016
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0205010
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0205010
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0121047
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL GALA
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0326057
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0326057
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0121047
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0121047
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt057417
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt057417
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt063630
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt063630
IRS990ScheduleG/TotalRetainedByContractorsAmt078000
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt031797
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0STIPENDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt017
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT REVIEWS THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL OFFICERS AND DIRECTORS ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. IF A CONFLICT DOES EXIST, IT MUST BE REPORTED.

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