Civic Intelligence

Student U

990 • Fiscal year 2022 • EIN 27-3460491

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 10, 2023

600 E Umstead StDurham, NC 27701

(919) 260-0502

Siviq Scores

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

Liabilities / Assets

35th percentile

0.10x

Higher debt load relative to assets than 35% of similar nonprofits.

2022 filings • NTEE B • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

62nd percentile

0.31x

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

2022 filings • NTEE B • $5M-$10M nonprofits • Source year 2022

Net Margin

24th percentile

-1.5%

Higher net margin than 24% of similar nonprofits.

2022 filings • NTEE B • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

54th percentile

$139,867

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2022 filings • NTEE B • $5M-$10M nonprofits • Source year 2022

Asset Growth

62nd percentile

8.8%

Faster asset growth than 62% of similar nonprofits.

2022 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

7th percentile

-37%

Faster revenue growth than 7% of similar nonprofits.

2022 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Up

$9,923,962

Up $801,665 (+8.8%) from 2021

Net Assets

Down

$8,964,034

Down $47,859 (-0.5%) from 2021

Liabilities

Up

$959,928

Up $849,524 (+769%) from 2021

Revenue

Down

$3,089,901

Down $1,821,385 (-37%) from 2021

Expenses

Up

$3,137,760

Up $192,977 (+6.6%) from 2021

Net Income

Down

-$47,859

Down $2,014,362 (-102%) from 2021

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

2022

Assets$9,923,962
Liabilities$959,928
Net Assets$8,964,034

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

2022

Revenue$3,089,901
Expenses$3,137,760
Net Income-$47,859
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 10, 2023
Return Version
2022v5.0
Gross Receipts
$3,138,680
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.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$5,463,290$5,463,290→ $0
Cash and Non-Interest-Bearing Accounts$2,242,116$2,403,347▲ $161,231
Pledges and Grants Receivable$1,256,377$1,033,489▼ $222,888
Land, Buildings, and Equipment, Net$89,834$145,028▲ $55,194
Prepaid Expenses and Deferred Charges$14,392$29,630▲ $15,238
Intangible Assets-$25,366-
Accounts Receivable$46,967$15,483▼ $31,484
Savings and Temporary Cash Investments$10--
Total Assets$9,122,297$9,923,962▲ $801,665
Other Assets Total$9,311$808,329▲ $799,018
Liabilities
Other Liabilities$66,520$907,889▲ $841,369
Accounts Payable and Accrued Expenses$30,634$52,039▲ $21,405
Deferred Revenue$13,250--
Total Liabilities$110,404$959,928▲ $849,524
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,873,403$7,417,322▼ $456,081
Net Assets With Donor Restrictions$1,138,490$1,546,712▲ $408,222
Total Net Assets Fund Balance$9,011,893$8,964,034▼ $47,859
Total Liabilities and Net Assets / Fund Balance$9,122,297$9,923,962▲ $801,665

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$89,035$9,294$98,329
Equipment$55,993$10,265$66,258
Other Assets Org$793,181--
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Amy SaloChief Operating Officer$118,392$21,475$139,867
Michelle PriceExecutive Director$49,158$10,962$60,120

Board Members and Trustees

NameTitle
Kristin ClausonAdvancement Chair
Shruti ShahBoard Chair
Matthew HicksonCo-chair
Chantal StevensBoard Member
Clarence LaneyBoard Member
Dan BaumBoard Member
Datra JacksonBoard Member
Francis De La CruzBoard Member
Henry MccoyBoard Member
Nicole KendallBoard Member
Pablo FriedmanBoard Member
Sam MiglareseBoard Member
Vernetta AlstonBoard Member
Alyzia McalmonSecretary
Donnell Rini-sweyersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,665,697
Program Service Revenue
$344,132
Investment Income
$80,072
Other Revenue
$0
All Other Contributions
$1,881,866
Change in Net Assets
$-47,859

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$38,000Fair Market Value (FMV)
Total Noncash Contributions2$38,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,089,901
Revenue Not Reported on Form 990
$80,000
Total Revenue per Audited Statements
$3,169,901
Total Revenue per Form 990
$3,089,901
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,106,100
Other Expenses$959,381
Total Fundraising Expense$269,442
Professional Fundraising Fees$40,500
Grants and Similar Amounts Paid$31,779

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,330,538$114,263$129,224$1,574,025
Occupancy$412,439$12,112$13,268$437,819
Current Officers, Directors, Trustees, and Key Employees$104,065$58,457$37,465$199,987
Other Employee Benefits$134,288$28,398$17,731$180,417
Payroll Taxes$110,101$13,171$12,883$136,155
Fees for Services Accounting-$94,828-$94,828
Travel$84,965$152$165$85,282
Fees for Services Other$48,369$13,188$3,779$65,336
Other Expenses$55,768--$55,768
Information Technology$38,802$15,477$1,151$55,430
Fees for Services Professional Fundraising--$40,500$40,500
Office Expenses$18,418$13,576$4,884$36,878
Grants to Domestic Individuals$31,779--$31,779
Conferences and Meetings$12,055$7,806$3,698$23,559
Insurance$12,413$7,465$726$20,604
Pension Plan Contributions$11,719$216$3,581$15,516
Depreciation Depletion$13,343$298$327$13,968
Advertising$66$1,155$60$1,281
Interest-$468-$468
Total Functional Expenses$2,487,288$381,030$269,442$3,137,760

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,217,760
Expenses per Audited Statements$3,137,760
Total Expenses per Form 990$3,137,760
Expenses Not Reported on Form 990$80,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$40,500
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Long Term Operating Lease Liability$657,211
Current Operating Lease Liability$135,970
Deferred Lease Liability$77,735
Long Term Financing Lease Liability$28,978
Current Financing Lease Liability$7,995
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
Yes
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 governing body review Part VI line 11

The 990 is thoroughly reviewed by the executive director and the staff leadership team and is then presented for review and voted approval by the boards finance committee and full board of directors before the 990 is filed with the irs.

Conflict of interest policy compliance Part VI line 12C

The conflict of interest policy is signed annually by all board members and all staff with significant decision making authority. The policy is monitored by the board chair and it is reviewed and updated annually by the executive committee of the board. Any conflicts of interest that are disclosed are reviewed and resolved by the board of directors and is documented in the meeting minutes.

CEO executive director top management comp Part VI line 15A

The executive director salary is reviewed and approved by the full board and is documented in the meeting minutes. The salary determination is based on regional and state compensation comparable analysis by the nc center for nonprofits.

Other officer or key employee compensation Part VI line 15B

All key employee compensation is based on regional and state compensation comparable analysis by the nc center for nonprofits. Compensation is determined by the executive management of the organization and approved in the budget process by the board of directors.

Form 990 availability to public Part VI line 18

The form 990 is available to the public upon request. In addition, the 990 is available to the general public on guidestar and charity navigator websites.

Governing documents etc available to public Part VI line 19

The bylaws, articles of incorporation, exemption certificate and conflict of interest policy are provided to the public upon request.

Filing and Contact Details

Filer

Filer Name
Student U
EIN
27-3460491
Address
600 E UMSTEAD ST, DURHAM, NC 27701

Signing Officer

Name
Michelle Price
Title
Executive Direc
Signed
2023-11-10
Discuss with paid preparer
Yes

Organization Details

Formed
2010
Legal Domicile
Nc
Voting Board Members
14
Independent Board Members
14
Employees
161
Volunteers
90

Preparer

Firm
Zen Consulting
Address
1308 Village Crossing Dr, Chapel Hill, NC 27517
Preparer
Robin Smith
Phone
9192600502
Supplemental Narrative

Financial Statement Notes

Other expenses not included on Form 990 (Part XII, line 2D)

Rental space donated valued at $80,000 is included on audited financials but not reportable on form 990.

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IRS990/MissionDesc0TO EMPOWER AND EQUIP FIRST-GENERATION COLLEGE STUDENTS IN DURHAM PUBLIC SCHOOLS, THEIR FAMILIES, AND EDUCATORS TO BECOME THE LEADERS THAT WILL TRANSFORM OUR CITY.
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IRS990/ProgSrvcAccomActy2Grp/Desc0STUDENT US HIGH SCHOOL PROGRAM SERVES 200 STUDENTS AND FAMILIES IN THE DURHAM PUBLIC SCHOOLS THROUGH A 5-WEEK SUMMER ACADEMY, A TWICE/WEEK TUTORING PROGRAM DURING THE SCHOOL YEAR, AN IN-SCHOOL ADVOCATE, AND AN INTERNSHIP PROGRAM FOR RISING 11TH AND 12TH GRADERS. STUDENTS ATTEND MONTHLY CLUSTER MEETINGS WITH OTHER STUDENT U STUDENTS WHO ATTEND THEIR SCHOOL, U-PREP SATURDAYS FOR INTERACTIVE WORKSHOPS FOR BOTH STUDENTS AND FAMILIES REGARDING SUCCEEDING IN HIGH SCHOOL AND PREPARING FOR COLLEGE, AND COLLEGE-BOUND ACTIVITIES AND ADVISING IN 11TH AND 12TH GRADES.
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IRS990/ProgSrvcAccomActy3Grp/Desc0W.G. PEARSON CENTER PARTNERSHIP PROGRAMS: IN 2017, THE W.G. PEARSON CENTER WAS ACQUIRED AND RENOVATED BY AN AFFILIATE OF THE SELF-HELP VENTURES FUND. STUDENT U BECAME THE MASTER TENANT OF THE SPACE IN 2018 AND HAS BEEN COMMITTED TO KEEPING THE CENTER A YOUTH-CENTERED SPACE THAT HOUSES ACTIVITIES AND PROGRAMS THAT ENRICH THE LIVES AND OUTCOMES OF YOUNG PEOPLE AND THE SURROUNDING HISTORIC HAYTI COMMUNITY. IN ORDER TO ACCOMPLISH THESE COMMITMENTS, STUDENT U SUBLEASES PORTIONS OF THE CENTER AND ITS GROUNDS TO OTHER NONPROFIT ORGANIZATIONS WHO ARE ALIGNED IN THESE GOALS AS WELL AS TO THE HAYTI COMMUNITY. STUDENT U HAS FURTHER PLANS TO PARTNER WITH OTHER ORGANIZATIONS TO UTILIZE THE KITCHEN SPACE TO SUPPORT MINORITY OWNED FOOD BUSINESSES WHO ACTIVELY WORK TO ADDRESS FOOD INSECURITY IN 2024.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0COLLEGE PROGRAMMING: STUDENT US COLLEGE PROGRAM PROVIDES ACADEMIC, SOCIAL/EMOTIONAL, AND FINANCIAL SUPPORT FOR STUDENTS DURING THEIR YEARS IN COLLEGE. STAFF SUPPORTED 150 STUDENTS IN 2022 THROUGH IN-PERSON MEETINGS ON THEIR CAMPUS,PHONE CHECK-INS, TOPIC-FOCUSED RETREATS AND CONNECTIONS TO ON-CAMPUS RESOURCES FOR EACH STUDENT. FAMILIES OF COLLEGE STUDENTS ARE SUPPORTED DURING THE ADVISING, ENROLLING, AND SENDING PERIODS THROUGH WORKSHOPS TO EDUCATE PARENTS ON THE ROAD AHEAD FOR STUDENTS AND THE WAYS THEY CAN SUPPORT THEIR CHILDREN.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1SHARING BEST PRACTICES: WHILE WE MAY NOT BE ABLE TO SERVE EVERY STUDENT IN DURHAM DIRECTLY, OUR ABILITY TO SHARE WHAT WEVE LEARNED ALLOWS US TO EXPAND OUR IMPACT IN DURHAM AND BEYOND. THROUGH OUR SHARING BEST PRACTICES INITIATIVES, WE ARE WORKING TO MAKE SURE OUR KNOWLEDGE AND 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. WE PROVIDE ADDITIONAL TRAINING AND CONSULTING TO OUR PARTNERS IN THESE KEY AREAS.
IRS990/ProgSrvcAccomActyOtherGrp/Desc2STUDENT AND FAMILY 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.
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