Civic Intelligence

Tri-County Cradle-To-Career Collaborative

990 • Fiscal year 2018 • EIN 46-2902337

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 25, 2019

6296 Rivers Avenue Suite 308North Charleston, SC 29406

(843) 732-8222

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.00x

Higher debt load relative to assets than 32% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

31st percentile

0.00x

Higher debt load relative to revenue than 31% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

48th percentile

2.5%

Higher net margin than 48% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

93rd percentile

$139,768

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 16.5% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

52nd percentile

2.3%

Faster asset growth than 52% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

99th percentile

550%

Faster revenue growth than 99% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$918,754

Up $20,317 (+2.3%) from 2017

Net Assets

Up

$916,378

Up $21,162 (+2.4%) from 2017

Liabilities

Down

$2,376

Down $845 (-26%) from 2017

Revenue

Up

$846,363

Up $716,212 (+550%) from 2017

Expenses

Up

$825,201

Up $341,921 (+71%) from 2017

Net Income

Up

$21,162

Up $374,291 (+106%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2017: $898,437Liabilities 2017: $3,221Net Assets 2017: $895,2162017Assets 2018: $918,754Liabilities 2018: $2,376Net Assets 2018: $916,3782018Assets 2019: $999,725Liabilities 2019: $45,430Net Assets 2019: $954,2952019Assets 2020: $650,030Liabilities 2020: $93,671Net Assets 2020: $556,3592020Assets 2021: $444,440Liabilities 2021: $78,441Net Assets 2021: $365,9992021Assets 2022: $376,698Liabilities 2022: $43,291Net Assets 2022: $333,4072022Assets 2023: $294,500Liabilities 2023: $9,333Net Assets 2023: $285,1672023

Highlighted filing

2018

Assets$918,754
Liabilities$2,376
Net Assets$916,378

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2017: $130,151Expenses 2017: $483,280Net Income 2017: -$353,1292017Revenue 2018: $846,363Expenses 2018: $825,201Net Income 2018: $21,1622018Revenue 2019: $968,179Expenses 2019: $930,262Net Income 2019: $37,9172019Revenue 2020: $1,045,386Expenses 2020: $1,443,322Net Income 2020: -$397,9362020Revenue 2021: $703,258Expenses 2021: $933,618Net Income 2021: -$230,3602021Revenue 2022: $932,838Expenses 2022: $965,430Net Income 2022: -$32,5922022Revenue 2023: $888,894Expenses 2023: $949,384Net Income 2023: -$60,4902023

Highlighted filing

2018

Revenue$846,363
Expenses$825,201
Net Income$21,162
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 25, 2019
Return Version
2017v2.3
Gross Receipts
$846,363
Mission and Program Overview

Mission

The tri-county cradle to career collaborative is a community movement in berkeley, charleston, and dorchester counties, sc committed to improving educational outcomes for all students. Tccc brings together partners from across the region to address large-scale social issues impacting education. In the past, programs and initiatives in this region have operated independently, often in silos, and disconnected from other organizations with similar missions. Tccc brings those organizations together to align efforts and create systemic change.

The tri-county cradle to career collaborative (tccc) is a community-wide movement focused on improving education outcomes from birth to workforce readiness. We are businesses, school districts, non-profits and other committed partners, working together to make more efficient and effective use of the resources devoted to improving education in the region. Ultimately, we will increase student success, a skilled workforce and economic prosperity for all through collaborative networks creating widespread systemic change.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$604,959$692,920▲ $87,961
Pledges and Grants Receivable$279,707$222,500▼ $57,207
Accounts Receivable$5,989$0▼ $5,989
Prepaid Expenses and Deferred Charges$6,115$1,667▼ $4,448
Total Assets$898,437$918,754▲ $20,317
Other Assets Total$1,667$1,667→ $0
Liabilities
Accounts Payable and Accrued Expenses$3,221$2,376▼ $845
Total Liabilities$3,221$2,376▼ $845
Net Assets / Fund Balance
Temporarily Rstr Net Assets$305,500$525,235▲ $219,735
Unrestricted Net Assets$589,716$391,143▼ $198,573
Total Net Assets Fund Balance$895,216$916,378▲ $21,162
Total Liabilities and Net Assets / Fund Balance$898,437$918,754▲ $20,317
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John ReadChief Executive OfficerFT$109,217$30,551$139,768
Revenue and Support

Revenue Composition

Contributions and Grants
$844,714
Program Service Revenue
$0
Investment Income
$1,649
Other Revenue
$0
All Other Contributions
$844,714
Change in Net Assets
$21,162

Audited Revenue Reconciliation

Revenue per Audited Statements
$846,363
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$846,363
Total Revenue per Form 990
$846,363
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$478,631
Other Expenses$247,820
Grants and Similar Amounts Paid$98,750
Total Fundraising Expense$45,342
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$202,790$29,084$17,450$249,324
Current Officers, Directors, Trustees, and Key Employees$100,488$12,561$12,561$125,610
Grants to Domestic Orgs$98,750--$98,750
Other Employee Benefits$61,420$8,434$6,078$75,932
Conferences and Meetings$35,228$8,807-$44,035
Occupancy-$32,014-$32,014
Payroll Taxes$22,459$3,084$2,222$27,765
All Other Expenses$2,881$7,269$2,928$13,078
Travel$1,743$3,485$1,743$6,971
Other Expenses$956$1,913$956$3,825
Insurance$521$1,042$521$2,084
Advertising$248$496$248$992
Total Functional Expenses$667,823$112,036$45,342$825,201

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$825,201
Total Expenses per Audited Statements$825,201
Total Expenses per Form 990$825,201
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Trident United WayNorth Charleston, SC501(c)(3)Grant in Support of the Family Connects Initiative$83,750
Trident United WayNorth Charleston, SC501(c)(3)GRANT TO TUW FOR TRIP! AND CI PARTICIPATION$15,000
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
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
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, Section B, Line 11B

The completed 990 is provided to the chief executive officer for their review and approval before it is filed.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is updated annually for all members of the board of directors and committees with board-delegated powers and is reviewed for any potential conflicts of interest.

Form 990, Part VI, Section B, Line 15

Compensation of the chief executive officer and other top management is set and approved by the board of directors.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
Tri-county Cradle-to-career
EIN
46-2902337
Phone
8437328222
Address
6296 RIVERS AVENUE SUITE 308, NORTH CHARLESTON, SC 29406

Signing Officer

Name
John C Read
Title
Chief Executive Officer
Phone
8437328222
Signed
2019-02-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John C Read
Formed
2013
Legal Domicile
Sc
Voting Board Members
26
Independent Board Members
25
Employees
6
Volunteers
0

Preparer

Firm
Elliott Davis Llcpllc
Address
100 CALHOUN STREET SUITE 300, CHARLESTON, SC 29401
Preparer
Brandon T Renaud
Phone
8435777040
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

This process has not changed.

Financial Statement Notes

PART X, LINE 2:

Management has evaluated tri-county cradle to career collaborative's tax positions and concluded that it has taken no uncertain tax positions that require adjustment to the financial statements as of and for the year ended june 30, 2018.

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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt21SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt22TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt23CHIEF EXECUTIVE OFFICER
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IRS990/MissionDesc0THE TRI-COUNTY CRADLE TO CAREER COLLABORATIVE IS A COMMUNITY MOVEMENT IN BERKELEY, CHARLESTON, AND DORCHESTER COUNTIES, SC COMMITTED TO IMPROVING EDUCATIONAL OUTCOMES FOR ALL STUDENTS. TCCC BRINGS TOGETHER PARTNERS FROM ACROSS THE REGION TO ADDRESS LARGE-SCALE SOCIAL ISSUES IMPACTING EDUCATION. IN THE PAST, PROGRAMS AND INITIATIVES IN THIS REGION HAVE OPERATED INDEPENDENTLY, OFTEN IN SILOS, AND DISCONNECTED FROM OTHER ORGANIZATIONS WITH SIMILAR MISSIONS. TCCC BRINGS THOSE ORGANIZATIONS TOGETHER TO ALIGN EFFORTS AND CREATE SYSTEMIC CHANGE.
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IRS990/ProgSrvcAccomActy2Grp/Desc0HIGH SCHOOL GRADUATION NETWORK - THIS IS A GROUP OF COMMUNITY MEMBERS WHO WORK TO INCREASE THE NUMBER OF GRADUATES WHO ARE READY EITHER TO JOIN THE MODERN WORKFORCE OR CAPABLE OF COLLEGE-LEVEL WORK.
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IRS990/ProgSrvcAccomActy3Grp/Desc0TRI-COUNTY REGIONAL IMPROVEMENT PROCESS (TRIP!) - THIS IS A NATIONALLY RECOGNIZED CONTINUOUS IMPROVEMENT APPROACH, TAILORED BY TCCC, THAT GUIDES COMMUNITY GROUPS IN IDENTIFYING LEADING INDICATORS AND ROOT CAUSES THAT IMPEDE PROGRESS. TRIP! TRAINS PARTNERS TO USE THE CYCLE CONTINUOUSLY TO PROVIDE STRUCTURE TO THE WORK AT ALL LEVELS.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0POSTSECONDARY EDUCATION CONSORTIUM - THE PROVOSTS FROM LOCAL COLLEGES AND UNIVERSITIES MEET REGULARLY TO JOINTLY WORK ON INCREASING THE NUMBER OF INDIVIDUALS WITH DEGREES OR CERTIFICATES IN THE TRI-COUNTY REGION. THEY ARE WORKING TO ALIGN THEIR CURRENT DEGREE PROGRAMS, CLOSE THE DISPARITY GAP IN ENROLLMENT AND COMPLETION RATES BETWEEN STUDENT GROUPS AND UNDERSTAND BARRIERS THAT STUDENTS FACE FROM COLLEGE ADMISSION TO COMPLETION.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1LOWCOUNTRY EDUCATION CONSORTIUM - THE SUPERINTENDENTS OF THE FOUR REGIONAL SCHOOL DISTRICTS (FROM BERKELEY COUNTY SCHOOL DISTRICT, CHARLESTON COUNTY SCHOOL DISTRICT, DORCHESTER SCHOOL DISTRICT TWO AND DORCHESTER SCHOOL DISTRICT FOUR) MEET REGULARLY WITH TCCC TO JOINTLY WORK ON WAYS TO CREATE A PIPELINE FOR ASPIRING PRINCIPALS AND TO ENSURE STUDENTS ARE "FUTURE READY," AS DEFINED BY BOTH ACADEMIC STANDARDS AND THE SKILLS IDENTIFIED BY THE LOCAL BUSINESS COMMUNITY.
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