Civic Intelligence

Student U

990 • Fiscal year 2023 • EIN 27-3460491

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

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

33rd percentile

0.09x

Higher debt load relative to assets than 33% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

53rd percentile

0.28x

Higher debt load relative to revenue than 53% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Source year 2023

Net Margin

9th percentile

-36%

Higher net margin than 9% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

64th percentile

$171,245

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 6.3% of source-year revenue.

2023 filings • NTEE B • $5M-$10M nonprofits • Source year 2023

Asset Growth

10th percentile

-12%

Faster asset growth than 10% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

22nd percentile

-12%

Faster revenue growth than 22% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Down

$8,770,935

Down $1,153,027 (-12%) from 2022

Net Assets

Down

$8,014,255

Down $949,779 (-11%) from 2022

Liabilities

Down

$756,680

Down $203,248 (-21%) from 2022

Revenue

Down

$2,728,376

Down $361,525 (-12%) from 2022

Expenses

Up

$3,699,233

Up $561,473 (+18%) from 2022

Net Income

Down

-$970,857

Down $922,998 (-1929%) from 2022

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

2023

Assets$8,770,935
Liabilities$756,680
Net Assets$8,014,255

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

2023

Revenue$2,728,376
Expenses$3,699,233
Net Income-$970,857
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.0
Gross Receipts
$2,728,376
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 the durham public schools, their families and educators to become the leaders that will transform the the 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$2,403,347$1,984,743▼ $418,604
Pledges and Grants Receivable$1,033,489$400,000▼ $633,489
Land, Buildings, and Equipment, Net$145,028$213,310▲ $68,282
Prepaid Expenses and Deferred Charges$29,630$29,630→ $0
Intangible Assets$25,366$12,013▼ $13,353
Accounts Receivable$15,483$10,691▼ $4,792
Total Assets$9,923,962$8,770,935▼ $1,153,027
Other Assets Total$808,329$657,258▼ $151,071
Liabilities
Other Liabilities$907,889$746,934▼ $160,955
Accounts Payable and Accrued Expenses$52,039$9,746▼ $42,293
Total Liabilities$959,928$756,680▼ $203,248
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,417,322$6,379,281▼ $1,038,041
Net Assets With Donor Restrictions$1,546,712$1,634,974▲ $88,262
Total Net Assets Fund Balance$8,964,034$8,014,255▼ $949,779
Total Liabilities and Net Assets / Fund Balance$9,923,962$8,770,935▼ $1,153,027

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$87,911$20,018$107,929
Equipment$53,395$25,004$78,399
Land$72,004-$72,004
Other Assets Org$3,954--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michelle PriceExecutive DiFT$160,000$11,245$171,245
Michelle PriceExecutive Director-$160,000$11,245$171,245
Amy SaloOutgoing COOFT$78,158$10,291$88,449
Robin SmithIncoming COOFT$29,055$1,948$31,003

Board Members and Trustees

NameTitle
Shruti ShahBoard Chair
Donnell Rini-sweyersVice Chair
Chantal StevensBoard Member
Clarence Laney JrBoard Member
D'ATRA JACKSONBoard Member
Dan BaumBoard Member
Daniel KimbergBoard Member
Francis De La CruzBoard Member
Henry MccoyBoard Member
Iwinosa IdahorBoard Member
Jason MundyBoard Member
Kanecia ZimmermanBoard Member
Kristin ClausonBoard Member
Lanita WimberlyBoard Member
Lauren ShorBoard Member
Matthew HicksonBoard Member
Nicole KendallBoard Member
Pablo FriedmanBoard Member
Sam MiglareseBoard Member
Vernetta AlstonBoard Member
Victoria ChavisBoard Member
Virginia LeeBoard Member
Zack KaplanBoard Member
Alyzia McalmonSecretary
Leslie PersonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,504,456
Program Service Revenue
$177,927
Investment Income
$45,993
Other Revenue
$0
All Other Contributions
$1,636,477
Change in Net Assets
$-970,857

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$31,378Fair Market Value (FMV)
Total Noncash Contributions1$31,378-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,728,376
Total Revenue per Audited Statements
$2,728,376
Total Revenue per Form 990
$2,728,376
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,557,232
Other Expenses$1,142,001
Total Fundraising Expense$395,657
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,509,698$189,839$211,264$1,910,801
Occupancy$295,224$52,051$39,191$386,466
Current Officers, Directors, Trustees, and Key Employees$181,119$30,484$26,555$238,158
Other Employee Benefits$124,432$48,158$28,982$201,572
Fees for Services Other$137,241$13,517$22,921$173,679
Payroll Taxes$130,460$17,000$18,350$165,810
Travel$137,010$1,096-$138,106
Fees for Services Accounting$90,058$13,583$25,275$128,916
Information Technology$50,084$23,102$8,910$82,096
Office Expenses$23,706$51,223$6,048$80,977
Pension Plan Contributions$31,077$5,316$4,498$40,891
Insurance$26,559$5,279$3,610$35,448
Depreciation Depletion-$31,417$53$31,470
Other Expenses$18,520$3,005-$21,525
Total Functional Expenses$2,818,506$485,070$395,657$3,699,233

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,699,233
Total Expenses per Audited Statements$3,678,155
Expenses per Audited Statements$3,538,278
Expenses Not Reported on Financial Statements$160,955
Other Expense Adjustments$160,955
Expenses Not Reported on Form 990$139,877
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$657,211
Deferred Lease Liability$60,745
Financing Lease Liability$28,978
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Part VI

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.

Form 990, Page 6, Part VI, Line 11B

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

Form 990, Page 6, 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 interests that are disclosed are reviewed and resolved by the board of directors and is documented in the meeting minutes.

Form 990, Page 6, 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

Form 990, Page 6, 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, Page 6, 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
Phone
7046196345
Address
600 E UMSTEAD STREET, DURHAM, NC 27701

Signing Officer

Name
Elena Maina
Title
Interim Exec Director
Phone
7046196345
Signed
2024-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elena Maina
Formed
2010
Legal Domicile
Nc
Voting Board Members
25
Independent Board Members
25
Employees
160
Volunteers
115

Preparer

Firm
Sharpe Patel CPA
Address
325 ARLINGTON AVE STE 630, CHARLOTTE, NC 28203
Preparer
Megan a Ridgley CPA
Phone
7044993893
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

College programming: student u's college program provides academic, social/emotional, and financial support for students during their years in college. Staff supported 150 students in 2023 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. Sharing 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 the 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. Student 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.

Form 990, Part XI, Line 9

Asc842 adj- lease amortization -139,877 asc 842 adjustment-rent expense 160,955 total 21,078

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 2D

Asc842 adj- lease amortization 139,877

Schedule D, Page 4, Part XII, Line 4B

Asc 842 adjustment-rent expense 160,955

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