Civic Intelligence

Collegespring Inc.

990 • Fiscal year 2019 • EIN 27-0920698

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 06, 2020

Organization ProfileWWW.COLLEGESPRING.ORG

View Organization Page

1333 BroadwayOakland, CA 94612

(415) 230-0640

Siviq Scores

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

Liabilities / Assets

56th percentile

0.12x

Higher debt load relative to assets than 56% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

44th percentile

0.06x

Higher debt load relative to revenue than 44% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

60th percentile

7.2%

Higher net margin than 60% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

90th percentile

$205,293

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

26th percentile

-3.1%

Faster asset growth than 26% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2019

Revenue Growth

53rd percentile

5.4%

Faster revenue growth than 53% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2019

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$2,224,164

Down $145,998 (-6.2%) from 2017

Net Assets

Up

$1,954,773

Up $55,518 (+2.9%) from 2017

Liabilities

Down

$269,391

Down $201,516 (-43%) from 2017

Revenue And Expenses
Liabilities / Revenue44th percentileNet Margin60th percentile

Revenue

Up

$4,286,309

Up $428,705 (+11%) from 2017

Expenses

Up

$3,977,776

Up $548,417 (+16%) from 2017

Net Income

Down

$308,533

Down $119,712 (-28%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth26th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2014: $968,931Liabilities 2014: $316,424Net Assets 2014: $652,5072014Assets 2015: $761,253Liabilities 2015: $377,643Net Assets 2015: $383,6102015Assets 2016: $1,787,513Liabilities 2016: $437,315Net Assets 2016: $1,350,1982016Assets 2017: $2,370,162Liabilities 2017: $470,907Net Assets 2017: $1,899,2552017Assets 2019: $2,224,164Liabilities 2019: $269,391Net Assets 2019: $1,954,7732019Assets 2021: $3,027,501Liabilities 2021: $264,124Net Assets 2021: $2,763,3772021Assets 2024: $2,676,266Liabilities 2024: $192,060Net Assets 2024: $2,484,2062024

Highlighted filing

2019

Assets$2,224,164
Liabilities$269,391
Net Assets$1,954,773
Open 2019 Filing

Operations Trend

Revenue Growth53rd percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $3,335,859Expenses 2014: $3,099,181Net Income 2014: $236,6782014Revenue 2015: $2,876,465Expenses 2015: $3,145,362Net Income 2015: -$268,8972015Revenue 2016: $4,181,819Expenses 2016: $3,215,231Net Income 2016: $966,5882016Revenue 2017: $3,857,604Expenses 2017: $3,429,359Net Income 2017: $428,2452017Revenue 2019: $4,286,309Expenses 2019: $3,977,776Net Income 2019: $308,5332019Revenue 2021: $2,763,117Expenses 2021: $2,563,396Net Income 2021: $199,7212021Revenue 2024: $2,624,939Expenses 2024: $3,196,529Net Income 2024: -$571,5902024

Highlighted filing

2019

Revenue$4,286,309
Expenses$3,977,776
Net Income$308,533
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 6, 2020
Return Version
2018v3.1
Gross Receipts
$4,286,309
Mission and Program Overview

Mission

To narrow the college opportunity gap by offering a high-quality sat and college preparation program that lifts the aspirations and outcomes of low-income students and empowers them to act as beacons of what is possible for their communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$415,412$848,004▲ $432,592
Pledges and Grants Receivable$767,830$768,789▲ $959
Cash and Non-Interest-Bearing Accounts$614,778$562,808▼ $51,970
Accounts Receivable$20,767$21,259▲ $492
Land, Buildings, and Equipment, Net$10,874$8,393▼ $2,481
Prepaid Expenses and Deferred Charges$37,431$3,810▼ $33,621
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,878,193$2,224,164▲ $345,971
Other Assets Total$11,101$11,101→ $0
Liabilities
Accounts Payable and Accrued Expenses$216,953$262,141▲ $45,188
Deferred Revenue$15,000$7,250▼ $7,750
Total Liabilities$231,953$269,391▲ $37,438
Net Assets / Fund Balance
Unrestricted Net Assets$738,588$1,034,500▲ $295,912
Temporarily Rstr Net Assets$907,652$920,273▲ $12,621
Total Net Assets Fund Balance$1,646,240$1,954,773▲ $308,533
Total Liabilities and Net Assets / Fund Balance$1,878,193$2,224,164▲ $345,971

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$29,311$29,311
Other Land Buildings$8,393$10,968$19,361
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Yoon ChoiCEOFT$192,500$17,059$209,559

Board Members and Trustees

NameTitle
Thomas FrielChairman
Alexander Farman-farmaianDirector
Avi DorfmanDirector
Garrett NeimanDirector
Joel JonesDirector
Juanita LottDirector
Larry KubalDirector
Ralph SuttonDirector
Stephanie CohenDirector
Todd PennerDirector
Mindy RogersSec/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$3,267,512
Program Service Revenue
$1,018,293
Investment Income
$504
Other Revenue
$0
All Other Contributions
$3,267,512
Change in Net Assets
$308,533

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,286,309
Revenue Not Reported on Form 990
$79,012
Total Revenue per Audited Statements
$4,365,321
Total Revenue per Form 990
$4,286,309
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,845,223
Other Expenses$1,132,553
Total Fundraising Expense$402,906
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,813,951$194,093$218,151$2,226,195
Fees for Services Other$149,743-$73,546$223,289
Other Employee Benefits$181,091$19,377$21,778$222,246
Current Officers, Directors, Trustees, and Key Employees$170,753$18,270$20,536$209,559
Payroll Taxes$152,553$16,323$18,347$187,223
Information Technology$153,863$12,261$5,916$172,040
Occupancy$150,523$8,205$10,017$168,745
Travel$112,274$25,663$11,804$149,741
Fees for Services Accounting-$93,515$4,960$98,475
Fees for Services Management$63,018-$3,793$66,811
Office Expenses$55,349$3,031$3,230$61,610
Other Expenses$12,586$1,347$1,514$15,447
All Other Expenses-$12,631-$12,631
Insurance$8,383$457$558$9,398
Depreciation Depletion$2,480--$2,480
Total Functional Expenses$3,162,969$411,901$402,906$3,977,776

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,056,788
Expenses per Audited Statements$3,977,776
Total Expenses per Form 990$3,977,776
Expenses Not Reported on Form 990$79,012
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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, Line 11B: Form 990 Review Process

“The Board of Directors and officers of COLLEGESPRING, INC. will review and approve the Form 990 before it is filed.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“A formal review is done by the Board.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Governing documents, policies, and financial statements will be provided upon request. Annual Reports and Financial Statements may be viewed on the Organization's website.”

Filing and Contact Details

Filer

Filer Name
Collegespring Inc
EIN
27-0920698
Phone
4152300640
Address
1333 BROADWAY, OAKLAND, CA 94612

Signing Officer

Name
Yoon Choi
Title
CEO
Phone
4152300640
Signed
2020-03-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Yoon Choi
Formed
2009
Legal Domicile
CA
Voting Board Members
12
Independent Board Members
12
Employees
280

Preparer

Firm
Pfahnl & Hunt Accountancy Corp
Address
333 W Santa Clara St 900, San Jose, CA 95113
Preparer
Joseph W Pfahnl
Phone
4089939494
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“Generally accepted accounting principles provide accounting and disclosure guidance about positions taken by an entity in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken in its federal and state exempt organization tax returns are more likely than not to be sustained upon examination. The organization's returns are subject to examination by the federal and state taxing authorities, generally for three and four years, respectively, after they are filed.”

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IRS990/MissionDesc0TO NARROW THE COLLEGE OPPORTUNITY GAP BY OFFERING A HIGH-QUALITY SAT AND COLLEGE PREPARATION PROGRAM THAT LIFTS THE ASPIRATIONS AND OUTCOMES OF LOW-INCOME STUDENTS AND EMPOWERS THEM TO ACT AS BEACONS OF WHAT IS POSSIBLE FOR THEIR COMMUNITIES.
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IRS990/OfficeExpensesGrp/TotalAmt061610
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IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt0222246
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IRS990/OtherExpensesGrp/Desc1STAFF TRAINING & DEVELOPMENT
IRS990/OtherExpensesGrp/Desc2DUES & SUBSCRIPTIONS
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IRS990/OtherExpensesGrp/FundraisingAmt15813
IRS990/OtherExpensesGrp/FundraisingAmt21514
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01282
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14393
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21053
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31347
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IRS990/OtherExpensesGrp/ProgramServicesAmt124576
IRS990/OtherExpensesGrp/ProgramServicesAmt213745
IRS990/OtherExpensesGrp/ProgramServicesAmt312586
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IRS990/OtherExpensesGrp/TotalAmt131912
IRS990/OtherExpensesGrp/TotalAmt220611
IRS990/OtherExpensesGrp/TotalAmt315447
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0218151
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IRS990/OtherSalariesAndWagesGrp/TotalAmt02226195
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt018347
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt016323
IRS990/PayrollTaxesGrp/ProgramServicesAmt0152553
IRS990/PayrollTaxesGrp/TotalAmt0187223
IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt037431
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03810
IRS990/PrincipalOfficerNm0YOON CHOI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0SERVICE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01018293
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01018293
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01642836
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0329
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IRS990/PYOtherExpensesAmt0771613
IRS990/PYOtherRevenueAmt02500
IRS990/PYProgramServiceRevenueAmt0950085
IRS990/PYRevenuesLessExpensesAmt0-253015
IRS990/PYSalariesCompEmpBnftPaidAmt02077152
IRS990/PYTotalExpensesAmt02848765
IRS990/PYTotalRevenueAmt02595750
IRS990/QuidProQuoContributionsInd0false
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0308533
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01018293
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt013491971
IRS990ScheduleA/TotalSupportAmt013512171
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IRS990/ScheduleBRequiredInd0true

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$2,224,164
Liabilities
$269,391
Net assets
$1,954,773
Revenue
$4,286,309
Expenses
$3,977,776
Net income
$308,533
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.68$0.19$2.48$2.62$3.20$0.57
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.03$0.26$2.76$2.76$2.56$0.20
2019Detailed filing. Detailed filing data is available for this year.$2.22$0.27$1.95$4.29$3.98$0.31
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.37$0.47$1.90$3.86$3.43$0.43
2016Detailed filing. Detailed filing data is available for this year.$1.79$0.44$1.35$4.18$3.22$0.97
2015Detailed filing. Detailed filing data is available for this year.$0.76$0.38$0.38$2.88$3.15$0.27
2014Detailed filing. Detailed filing data is available for this year.$0.97$0.32$0.65$3.34$3.10$0.24