Civic Intelligence

College Unbound

990 • Fiscal year 2016 • EIN 46-2470807

Jul 01, 2015 to Jun 30, 2016 • Filed on Apr 30, 2017

325 Public StreetProvidence, RI 02905

(401) 752-3528

Siviq Scores

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

Liabilities / Assets

49th percentile

0.09x

Higher debt load relative to assets than 49% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

36th percentile

0.05x

Higher debt load relative to revenue than 36% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

84th percentile

27%

Higher net margin than 84% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

58th percentile

$78,776

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Assets

$572,798

No earlier filing loaded for comparison.

Net Assets

$518,843

No earlier filing loaded for comparison.

Liabilities

$53,955

No earlier filing loaded for comparison.

Revenue

$1,040,112

No earlier filing loaded for comparison.

Expenses

$761,806

No earlier filing loaded for comparison.

Net Income

$278,306

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2016: $572,798Liabilities 2016: $53,955Net Assets 2016: $518,8432016Assets 2017: $972,697Liabilities 2017: $53,558Net Assets 2017: $919,1392017Assets 2018: $1,327,622Liabilities 2018: $45,746Net Assets 2018: $1,281,8762018Assets 2019: $780,881Liabilities 2019: $67,729Net Assets 2019: $713,1522019Assets 2020: $1,441,857Liabilities 2020: $480,278Net Assets 2020: $961,5792020Assets 2021: $1,692,870Liabilities 2021: $137,554Net Assets 2021: $1,555,3162021Assets 2022: $1,169,599Liabilities 2022: $213,405Net Assets 2022: $956,1942022Assets 2023: $2,295,950Liabilities 2023: $499,456Net Assets 2023: $1,796,4942023Assets 2024: $2,484,560Liabilities 2024: $572,234Net Assets 2024: $1,912,3262024Assets 2025: $4,806,855Liabilities 2025: $780,544Net Assets 2025: $4,026,3112025

Highlighted filing

2016

Assets$572,798
Liabilities$53,955
Net Assets$518,843

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2016: $1,040,112Expenses 2016: $761,806Net Income 2016: $278,3062016Revenue 2017: $915,200Expenses 2017: $916,004Net Income 2017: -$8042017Revenue 2018: $1,465,391Expenses 2018: $1,102,654Net Income 2018: $362,7372018Revenue 2019: $865,080Expenses 2019: $1,433,804Net Income 2019: -$568,7242019Revenue 2020: $2,599,541Expenses 2020: $2,351,114Net Income 2020: $248,4272020Revenue 2021: $3,483,486Expenses 2021: $2,889,749Net Income 2021: $593,7372021Revenue 2022: $3,481,524Expenses 2022: $4,080,646Net Income 2022: -$599,1222022Revenue 2023: $7,676,053Expenses 2023: $6,835,753Net Income 2023: $840,3002023Revenue 2024: $8,424,432Expenses 2024: $8,308,600Net Income 2024: $115,8322024Revenue 2025: $10,194,743Expenses 2025: $8,080,758Net Income 2025: $2,113,9852025

Highlighted filing

2016

Revenue$1,040,112
Expenses$761,806
Net Income$278,306
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Apr 30, 2017
Return Version
2015v3.0
Gross Receipts
$1,040,112
Mission and Program Overview

Mission

College unbound's mission is to reinvent higher education for underrepresented returning adult learners, using a model that is individualized, interest-based, project driven, workplace-enhanced, cohort-supported, flexible, supportive, and affordable.

College Unbound's mission is to reinvent higher education for underrepresented returning adult learners, using a model that is individualized, interest-based, project driven, work-enhanced, flexible, supportive and affordable.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$530,286-
Accounts Receivable-$30,632-
Land, Buildings, and Equipment, Net-$8,630-
Prepaid Expenses and Deferred Charges-$3,250-
Total Assets$0$572,798▲ $572,798
Liabilities
Accounts Payable and Accrued Expenses-$53,955-
Total Liabilities$0$53,955▲ $53,955
Net Assets / Fund Balance
Unrestricted Net Assets-$309,479-
Temporarily Rstr Net Assets-$209,364-
Total Net Assets Fund Balance$0$518,843▲ $518,843
Total Liabilities and Net Assets / Fund Balance$0$572,798▲ $572,798

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,630$15,347$23,977
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Elliot WashorBoard Member$70,714$8,062$78,776

Board Members and Trustees

NameTitle
Robert CarothersBoard Chairman
Adam BushVice President of Academic Affairs
At WallBoard Member
Carlos MorenoBoard Member
Cedric HuntleyBoard Member
Darrell WaldronBoard Member
Jamie UretskyBoard Member
Joseph MacnamaraBoard Member
Michael Van LeestenBoard Member
Nancy DiazBoard Member
Ojetta Rogeriee ThompsonBoard Member
Pat KidderBoard Member
Robert FlandersBoard Member
Seney ChangBoard Member
Todd FlahertyBoard Member
Warren SimmonsBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$704,320
Program Service Revenue
$335,792
Investment Income
$0
Other Revenue
$0
All Other Contributions
$704,320
Change in Net Assets
$278,306

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,040,112
Revenue Not Reported on Form 990
$206,682
Total Revenue per Audited Statements
$1,246,794
Total Revenue per Form 990
$1,040,112
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$394,493
Salaries, Compensation, and Employee Benefits$367,313
Total Fundraising Expense$38,850
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$116,936$72,747$10,722$200,405
Current Officers, Directors, Trustees, and Key Employees$41,262$25,669$3,783$70,714
Other Employee Benefits$32,991$20,135$3,039$56,165
All Other Expenses$45,510$4,512$620$50,642
Travel$0$36,984$6,527$43,511
Payroll Taxes$14,745$8,324$1,169$24,238
Other Expenses$15,000$4,694$0$19,694
Pension Plan Contributions$9,276$5,661$854$15,791
Fees for Services Legal$0$12,385$0$12,385
Occupancy$6,965$702$633$8,300
Depreciation Depletion$2,982$1,851$308$5,141
Insurance$227$23$21$271
Total Functional Expenses$474,216$248,740$38,850$761,806

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$968,488
Expenses per Audited Statements$761,806
Total Expenses per Form 990$761,806
Expenses Not Reported on Form 990$206,682
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
College Unbound
EIN
46-2470807
Phone
4017523528
Address
325 Public Street, Providence, RI 02905

Signing Officer

Name
Dennis Littky
Title
President
Phone
4017523528
Signed
2017-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis Littky
Formed
2012
Legal Domicile
Ri
Voting Board Members
16
Independent Board Members
16
Employees
6
Volunteers
0

Preparer

Firm
Aaronson Lavoie Streitfeld Diaz & Co Pc
Address
1604 BROAD ST, CRANSTON, RI 02905-4130
Preparer
Rich Streitfeld
Phone
4012230205
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The board of directors approves the 990 before filing. Board members are required to review and sign the organization's conflict of interest policy annually and disclose any conflicts should they exist.

Pt VI, Line 12C

The board of directors approves the Executive Director's salary and supplemental compensation annually which is evidenced by a contemporaneous recording in the meeting minutes.

Pt VI, Line 15A

The board of directors approves the increases for the staff annually when they approve the budget.

Pt VI, Line 15B

The board of directors approves the increases for the staff annually when they approve the budget.

Form 990, Part IX, Line 24E

Student activities 15917. 15917. 0. 0.

Form 990, Part IX, Line 24E

Telephone and internet 8125. 6818. 687. 620.

Form 990, Part IX, Line 24E

College fees 8563. 8563. 0. 0.

Form 990, Part IX, Line 24E

Graduation expenses 7609. 7609. 0. 0.

Form 990, Part IX, Line 24E

Postage 2761. 2761. 0. 0.

Form 990, Part IX, Line 24E

Staff development 3279. 3279. 0. 0.

Form 990, Part IX, Line 24E

Payroll and bank fees 2570. 0. 2570. 0.

Form 990, Part IX, Line 24E

Food expense 909. 0. 909. 0.

Form 990, Part IX, Line 24E

Miscellaneous 909. 563. 346. 0.

Financial Statement Notes

Pt XI, Line 2D

Balance represents in-kind personnel costs and insurance expense.

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IRS990/OtherExpensesGrp/Desc2Supplies and materials
IRS990/OtherExpensesGrp/Desc3Printing and copying
IRS990/OtherExpensesGrp/FundraisingAmt09164
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt22010
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt052796
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22257
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt34694
IRS990/OtherExpensesGrp/ProgramServicesAmt0142412
IRS990/OtherExpensesGrp/ProgramServicesAmt123655
IRS990/OtherExpensesGrp/ProgramServicesAmt222255
IRS990/OtherExpensesGrp/ProgramServicesAmt315000
IRS990/OtherExpensesGrp/TotalAmt0204372
IRS990/OtherExpensesGrp/TotalAmt123655
IRS990/OtherExpensesGrp/TotalAmt226522
IRS990/OtherExpensesGrp/TotalAmt319694
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt010722
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt072747
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0116936
IRS990/OtherSalariesAndWagesGrp/TotalAmt0200405
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01169
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08324
IRS990/PayrollTaxesGrp/ProgramServicesAmt014745
IRS990/PayrollTaxesGrp/TotalAmt024238
IRS990/PensionPlanContributionsGrp/FundraisingAmt0854
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05661
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt09276
IRS990/PensionPlanContributionsGrp/TotalAmt015791
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03250
IRS990/PrincipalOfficerNm0DENNIS LITTKY
IRS990/PriorPeriodAdjustmentsAmt0240537
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0Tuition income
IRS990/ProgramServiceRevenueGrp/Desc1Scholarship income
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0109874
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1225918
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0278306
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01040112
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0704320
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0704320
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0335792
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt0170425
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt0533895
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0704320
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0704320
IRS990ScheduleA/TotalSupportAmt0704320
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/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0206682
IRS990ScheduleD/DonatedServicesUseFcltsAmt0206682
IRS990ScheduleD/EquipmentGrp/BookValueAmt08630
IRS990ScheduleD/EquipmentGrp/DepreciationAmt015347
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt023977
IRS990ScheduleD/ExpensesNotReportedAmt0206682
IRS990ScheduleD/ExpensesSubtotalAmt0761806
IRS990ScheduleD/RevenueNotReportedAmt0206682
IRS990ScheduleD/RevenueSubtotalAmt01040112
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Balance represents in-kind personnel costs and insurance expense.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt XI, Line 2d
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08630
IRS990ScheduleD/TotalExpensesPerForm990Amt0761806
IRS990ScheduleD/TotalRevenuePerForm990Amt01040112
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01246794
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0968488
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The board of directors approves the 990 before filing. Board members are required to review and sign the organization's conflict of interest policy annually and disclose any conflicts should they exist.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The board of directors approves the Executive Director's salary and supplemental compensation annually which is evidenced by a contemporaneous recording in the meeting minutes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board of directors approves the increases for the staff annually when they approve the budget.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The board of directors approves the increases for the staff annually when they approve the budget.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Student activities 15917. 15917. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Telephone and internet 8125. 6818. 687. 620.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6College fees 8563. 8563. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Graduation expenses 7609. 7609. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Postage 2761. 2761. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Staff development 3279. 3279. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Payroll and bank fees 2570. 0. 2570. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Food expense 909. 0. 909. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Miscellaneous 909. 563. 346. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0209364
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsEOYAmt0572798
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0572798
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0704320
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt038850
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0248740
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0474216
IRS990/TotalFunctionalExpensesGrp/TotalAmt0761806
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt053955
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt053955
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0518843
IRS990/TotalOtherCompensationAmt08062
IRS990/TotalProgramServiceExpensesAmt0474216

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