Civic Intelligence

Student U

990 • Fiscal year 2021 • EIN 27-3460491

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

600 E Umstead StreetDurham, NC 27701

(704) 619-6345

Siviq Scores

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

Liabilities / Assets

18th percentile

0.01x

Higher debt load relative to assets than 18% of similar nonprofits.

2021 filings • NTEE B • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.02x

Higher debt load relative to revenue than 17% of similar nonprofits.

2021 filings • NTEE B • $5M-$10M nonprofits • Source year 2021

Net Margin

86th percentile

40%

Higher net margin than 86% of similar nonprofits.

2021 filings • NTEE B • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

48th percentile

$123,931

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2021 filings • NTEE B • $5M-$10M nonprofits • Source year 2021

Asset Growth

68th percentile

23%

Faster asset growth than 68% of similar nonprofits.

2021 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

91st percentile

86%

Faster revenue growth than 91% of similar nonprofits.

2021 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$9,122,297

Up $1,700,215 (+23%) from 2020

Net Assets

Up

$9,011,893

Up $2,046,503 (+29%) from 2020

Liabilities

Down

$110,404

Down $346,288 (-76%) from 2020

Revenue

Up

$4,911,286

Up $2,270,469 (+86%) from 2020

Expenses

Up

$2,944,783

Up $619,910 (+27%) from 2020

Net Income

Up

$1,966,503

Up $1,650,559 (+522%) from 2020

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2016: $3,074,016Liabilities 2016: $35,347Net Assets 2016: $3,038,6692016Assets 2017: $3,935,573Liabilities 2017: $29,489Net Assets 2017: $3,906,0842017Assets 2018: $6,886,714Liabilities 2018: $31,412Net Assets 2018: $6,855,3022018Assets 2019: $6,140,082Liabilities 2019: $148,624Net Assets 2019: $5,991,4582019Assets 2020: $7,422,082Liabilities 2020: $456,692Net Assets 2020: $6,965,3902020Assets 2021: $9,122,297Liabilities 2021: $110,404Net Assets 2021: $9,011,8932021Assets 2022: $9,923,962Liabilities 2022: $959,928Net Assets 2022: $8,964,0342022Assets 2023: $8,770,935Liabilities 2023: $756,680Net Assets 2023: $8,014,2552023Assets 2024: $9,510,216Liabilities 2024: $70,285Net Assets 2024: $9,439,9312024

Highlighted filing

2021

Assets$9,122,297
Liabilities$110,404
Net Assets$9,011,893

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2016: $3,495,073Expenses 2016: $1,919,334Net Income 2016: $1,575,7392016Revenue 2017: $3,069,310Expenses 2017: $2,201,895Net Income 2017: $867,4152017Revenue 2018: $5,484,675Expenses 2018: $2,535,457Net Income 2018: $2,949,2182018Revenue 2019: $2,022,093Expenses 2019: $2,885,937Net Income 2019: -$863,8442019Revenue 2020: $2,640,817Expenses 2020: $2,324,873Net Income 2020: $315,9442020Revenue 2021: $4,911,286Expenses 2021: $2,944,783Net Income 2021: $1,966,5032021Revenue 2022: $3,089,901Expenses 2022: $3,137,760Net Income 2022: -$47,8592022Revenue 2023: $2,728,376Expenses 2023: $3,699,233Net Income 2023: -$970,8572023Revenue 2024: $4,770,678Expenses 2024: $4,138,181Net Income 2024: $632,4972024

Highlighted filing

2021

Revenue$4,911,286
Expenses$2,944,783
Net Income$1,966,503
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.1
Gross Receipts
$4,935,384
Mission and Program Overview

Mission

To equip and empower first-generation college students in the Durham Public Schools, their families, and educators to become the leaders that will transform our city.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$5,608,914$0▼ $5,608,914
Other Notes and Loans Receivable, Net-$5,463,290-
Cash and Non-Interest-Bearing Accounts$1,262,344$2,242,116▲ $979,772
Pledges and Grants Receivable$493,606$1,256,377▲ $762,771
Land, Buildings, and Equipment, Net$55,692$89,834▲ $34,142
Accounts Receivable$1,000$46,967▲ $45,967
Prepaid Expenses and Deferred Charges$526$14,392▲ $13,866
Savings and Temporary Cash Investments-$10-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$7,422,082$9,122,297▲ $1,700,215
Other Assets Total-$9,311-
Liabilities
Unsecured Notes Loans Payable$336,840--
Other Liabilities$59,709$66,520▲ $6,811
Accounts Payable and Accrued Expenses$60,143$30,634▼ $29,509
Deferred Revenue-$13,250-
Total Liabilities$456,692$110,404▼ $346,288
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,666,012$7,873,403▲ $1,207,391
Net Assets With Donor Restrictions$299,378$1,138,490▲ $839,112
Total Net Assets Fund Balance$6,965,390$9,011,893▲ $2,046,503
Total Liabilities and Net Assets / Fund Balance$7,422,082$9,122,297▲ $1,700,215

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$72,056-$72,056
Equipment$17,778$5,591$23,369
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alexandra ZagbayouExecutive DirectorFT$113,831$10,100$123,931
Amy SaloInt. Exe. DirectorFT$86,146$14,432$100,578

Board Members and Trustees

NameTitle
Shruti ShahChair
Matthew HicksonVice Chair
Casey SteinbacherBoard Member
Clarence LaneyBoard Member
D'Atra JacksonBoard Member
Dan BaumBoard Member
Donnell Rini-SwyersBoard Member
Francis Dela CruzBoard Member
Henry McKoyBoard Member
Jerry BensonBoard Member
Mark TrustinBoard Member
Micheline MalsonBoard Member
Nicole KendallBoard Member
Pablo FriedmannBoard Member
Sam MiglareseBoard Member
Tiwana AdamsBoard Member
Vernetta AlstonBoard Member
Kristin ClausonAdvancement Ch.
Alyzia McAlmonSecretary
Dave MichelmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,641,998
Program Service Revenue
$22,676
Investment Income
$75,262
Other Revenue
$171,350
All Other Contributions
$3,854,477
Change in Net Assets
$1,966,503

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$34,186Fair Market Value (FMV)
Total Noncash Contributions2$34,186-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,911,286
Total Revenue per Audited Statements
$4,911,286
Total Revenue per Form 990
$4,911,286
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,106,680
Other Expenses$793,780
Total Fundraising Expense$266,320
Grants and Similar Amounts Paid$44,323
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,387,816$31,585$159,001$1,578,402
Occupancy$392,348$16,895$10,137$419,380
Current Officers, Directors, Trustees, and Key Employees$95,494$97,500$35,238$228,232
Payroll Taxes$118,536$10,771$14,886$144,193
Other Employee Benefits$106,665$9,697$20,204$136,566
Fees for Services Other$36,221$40,685$3,100$80,006
Conferences and Meetings$47,808$4,972$358$53,138
Grants to Domestic Individuals$44,323--$44,323
Information Technology$20,786$16,653$1,948$39,387
Office Expenses$20,201$7,592$3,640$31,433
Travel$27,733$1$174$27,908
Pension Plan Contributions$16,965$714$1,608$19,287
Insurance$7,677$7,599$883$16,159
Fees for Services Accounting-$9,650-$9,650
Depreciation Depletion$3,990$34$48$4,072
Other Expenses$1,051$2,413$13$3,477
Advertising$350$476$1,635$2,461
All Other Expenses$473$34-$507
Interest-$-2,239-$-2,239
Total Functional Expenses$2,409,783$268,680$266,320$2,944,783

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,944,783
Total Expenses per Audited Statements$2,944,783
Total Expenses per Form 990$2,944,783
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
deferred lease liab$66,520
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 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
No
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

Prior to filing, the Form 990 will be reviewed by the Interim Executive Director and then distributed to the full Board and the Finance Committee for review.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The Conflict of Interest policy is monitored by the Board Chair and reviewed and signed at the beginning of each fiscal year by all staff and Board members with significant decision making authority. It is each signator's obligation to disclose any potential conflict as soon as it is known, or reasonably should be known. Any person with a potential conflict may make a presentation at the governing board or committee meeting, but after the presentation, they shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the governing board or committee shall determine whether the Organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the Organizations best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement.

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

The three most recent Form 990s (including financial information), the Bylaws, Articles of Incorporation, Form 1023 Application for Exemption, and Conflict of Interest Policy are provided to the public upon request.

Filing and Contact Details

Filer

Filer Name
Student U
EIN
27-3460491
Phone
7046196345
Address
600 E Umstead Street, Durham, NC 27701

Signing Officer

Name
Amy Salo
Title
CEO
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shruti Shah
Formed
2010
Legal Domicile
Nc
Voting Board Members
17
Independent Board Members
17
Employees
175
Volunteers
78

Preparer

Firm
Mig Murphy Sistrom CPA Pc
Address
2216 Whitley Dr, DURHAM, NC 27707
Preparer
Mig Murphy Sistrom
Phone
9194191119
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: The W.G. Pearson Center: WGPC is a cost-accessible, youth-centered space that houses activities and programs that enrich the lives and outcomes of young people. The building, a former Durham Public Schools building, is available to be rented for long-term office space and one-time event rentals or programs. No space is rented to individuals or groups that do not do the kind of work described. Providing space to groups serving the same population that Student U serves facilitates collaboration, enhancing the value of the groups' work. OTHER PROGRAM SERVICES 5: Student and Family-Led Advocacy: Student U supports student- and family-led advocacy and change efforts in our city and beyond. Through ongoing engagement and regular programming, we develop strategic partnerships to help parents and students develop the skills they need to shape their futures. OTHER PROGRAM SERVICES 6: Sharing Our Best Practices: While we may not be able to serve every student in Durham directly, our ability to share what we've learned allows us to expand our impact in Durham and beyond. We are working to make sure our insights are accessible to Durham Public Schools, practitioners, and other key stakeholders, while also ensuring our teacher alumni are prepared to take on leadership roles in our community. OTHER PROGRAM SERVICES 7: Learning Center: Student U's Learning Center operated from September 2020 until June 2021 while schools were closed to in-person learning because of the COVID-19 pandemic. Student U opened The W.G. Pearson Center on a daily basis to about 100 students who needed a safe place to complete their remote learning during that school year. Students enrolled at no cost to their family and were provided with breakfast, snack, and lunch, as well as reliable WiFi, supervision and learning support, and free-time activities in community with other students.

Financial Statement Notes

Part X : FIN48 Footnote

The Organization is exempt from Federal income taxes under section 501 (c)(3) of the Internal Revenue Code. In addition, the Organization qualifies for the charitable contribution deduction uncer section 170(b)(1)(A) and has been classified as an organization other than a private foundation under Section 509(a)(2).In the normal course of business, the Organization is subject to examination by various taxing authorities. Although the outcome of tax audits is always uncertain, management believes that there are no significant unrecognized tax liabilities as of December 31, 2021. The Organization files Form 990 (Return of Organization Exempt from Tax) as required by law. The Organization is no longer subject to Federal tax return examination for years ending prior to December 31, 2018.

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