Civic Intelligence

College Access Now

990 • Fiscal year 2015 • EIN 68-0624494

Aug 01, 2014 to Jul 31, 2015 • Filed on Nov 30, 2015

3211 Martin Lither King Jr Way SSeattle, WA 98144

(206) 400-6886

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.03x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

27th percentile

0.02x

Higher debt load relative to revenue than 27% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

85th percentile

31%

Higher net margin than 85% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

70th percentile

$102,219

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

92nd percentile

60%

Faster asset growth than 92% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

91st percentile

65%

Faster revenue growth than 91% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,891,684

Up $712,320 (+60%) from 2014

Net Assets

Up

$1,837,805

Up $667,006 (+57%) from 2014

Liabilities

Up

$53,879

Up $45,314 (+529%) from 2014

Revenue

Up

$2,172,770

Up $856,044 (+65%) from 2014

Expenses

Up

$1,505,764

Up $210,643 (+16%) from 2014

Net Income

Up

$667,006

Up $645,401 (+2987%) from 2014

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $995,176Liabilities 2011: $12,839Net Assets 2011: $982,3372011Assets 2012: $1,652,957Liabilities 2012: $15,252Net Assets 2012: $1,637,7052012Assets 2013: $1,153,169Liabilities 2013: $3,975Net Assets 2013: $1,149,1942013Assets 2014: $1,179,364Liabilities 2014: $8,565Net Assets 2014: $1,170,7992014Assets 2015: $1,891,684Liabilities 2015: $53,879Net Assets 2015: $1,837,8052015Assets 2016: $1,697,063Liabilities 2016: $64,324Net Assets 2016: $1,632,7392016Assets 2017: $2,233,496Liabilities 2017: $64,528Net Assets 2017: $2,168,9682017Assets 2018: $1,618,263Liabilities 2018: $35,505Net Assets 2018: $1,582,7582018Assets 2019: $1,462,815Liabilities 2019: $51,223Net Assets 2019: $1,411,5922019

Highlighted filing

2015

Assets$1,891,684
Liabilities$53,879
Net Assets$1,837,805

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $367,5802011Expenses 2012: $560,8672012Expenses 2013: $1,146,7522013Revenue 2014: $1,316,726Expenses 2014: $1,295,121Net Income 2014: $21,6052014Revenue 2015: $2,172,770Expenses 2015: $1,505,764Net Income 2015: $667,0062015Revenue 2016: $1,687,395Expenses 2016: $1,892,461Net Income 2016: -$205,0662016Revenue 2017: $2,619,740Expenses 2017: $2,083,511Net Income 2017: $536,2292017Revenue 2018: $1,370,759Expenses 2018: $1,956,969Net Income 2018: -$586,2102018Revenue 2019: $1,625,263Expenses 2019: $1,796,429Net Income 2019: -$171,1662019

Highlighted filing

2015

Revenue$2,172,770
Expenses$1,505,764
Net Income$667,006
Jump To
Filing Snapshot
Filing Period
Aug 1, 2014 to Jul 31, 2015
Signed
Nov 30, 2015
Return Version
2014v5.0
Gross Receipts
$2,205,693
Mission and Program Overview

Mission

College Access Now empowers students from low-income families to access, enroll, and graduate from college at rates equal to their more advantaged peers.

College Access Now (CAN) empowers students from low-income families to access, enroll, and graduate from college at rates equal to their more advantaged peers. During the 2014-15 academic year, CAN provided intensive coaching and support to more than 1,200 students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$518,148$1,230,729▲ $712,581
Cash and Non-Interest-Bearing Accounts$297,101$418,122▲ $121,021
Savings and Temporary Cash Investments$344,233$227,832▼ $116,401
Land, Buildings, and Equipment, Net$19,382$13,726▼ $5,656
Prepaid Expenses and Deferred Charges$500$1,275▲ $775
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,179,364$1,891,684▲ $712,320
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$8,565$53,879▲ $45,314
Total Liabilities$8,565$53,879▲ $45,314
Net Assets / Fund Balance
Temporarily Rstr Net Assets$502,151$1,229,582▲ $727,431
Unrestricted Net Assets$668,648$608,223▼ $60,425
Total Net Assets Fund Balance$1,170,799$1,837,805▲ $667,006
Total Liabilities and Net Assets / Fund Balance$1,179,364$1,891,684▲ $712,320

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$13,726$21,393$35,119
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan MitchellExecutive DirectorFT$95,833$6,386$102,219

Board Members and Trustees

NameTitle
Linda HendricksonChair
Norm BontjeVice Chair
Amy HagopianDirector
Betsy HerringDirector
Donna LouDirector
Judy MargrathDirector
Lewis LevinDirector
Ray BlakeneyDirector
Scott BarnhartDirector
Ashley HulseySecretary
Kate CochranTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,182,196
Program Service Revenue
$0
Investment Income
$30
Other Revenue
$-9,456
All Other Contributions
$1,518,922
Change in Net Assets
$667,006

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,172,770
Revenue Not Reported on Form 990
$36,526
Total Revenue per Audited Statements
$2,209,296
Total Revenue per Form 990
$2,172,770
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,089,409
Other Expenses$389,622
Total Fundraising Expense$240,971
Professional Fundraising Fees$26,733
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$671,101$51,143$103,858$826,102
Current Officers, Directors, Trustees, and Key Employees$31,869$31,869$42,492$106,230
Payroll Taxes$60,693$6,407$11,483$78,583
Other Employee Benefits$75,826$365$2,303$78,494
Travel$74,851$796$591$76,238
Fees for Services Other$37,540$883$18,577$57,000
Occupancy$47,480$1,813$4,927$54,220
Information Technology$38,492$1,191$8,984$48,667
Advertising$34,466$590$6,749$41,805
Fees for Services Professional Fundraising--$26,733$26,733
Office Expenses$17,328$392$945$18,665
Conferences and Meetings$12,089$40$241$12,370
Fees for Services Accounting-$10,887-$10,887
Depreciation Depletion$8,849$337$927$10,113
Insurance$4,322$164$453$4,939
Fees for Service Investment Mgmnt Fees$379$1,009$1,523$2,911
Other Expenses$234$7$844$1,085
Total Functional Expenses$1,149,933$114,860$240,971$1,505,764

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,542,290
Expenses per Audited Statements$1,505,764
Total Expenses per Form 990$1,505,764
Expenses Not Reported on Form 990$36,526
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$32,923
Professional Fundraising Fees$26,733
Fundraising Gross Income$23,467

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Gala$410,822$23,467$9,456$14,011
Total Events$410,822$23,467$32,923$-9,456
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-
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
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

Form 990 is distributed to all Board members to review, and vetted in detail by the Operations Director, Board Treasurer, and Finance & Audit Committee before it is filed. All information is reviewed in connection with the annual independent audit of financial statements.

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

All Board members receive a copy of the policy and are required to complete a Conflict of Interest Disclosure Form annually. Directors have a duty to disclose a COI during discussion and voting on any transactions or arrangements. If any potential conflicts of interest arise, interested person is required to leave any meeting while discussion and voting takes place. Board Full procedures are address in the organization's Conflict of Interest Policy.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

All independent members of the Board participate in the Executive Director's annual review and approve annual salary using performance, financial position, and external comparability data to determine amount. The approved salary is communicated in writing by the Board Treasurer and kept on file.

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

Governing documents, policies and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
College Access Now
EIN
68-0624494
Phone
2064006886
Address
3211 Martin Lither King Jr Way S, Seattle, WA 98144

Signing Officer

Name
Kayle Walls
Title
Ops Director & Acting ED
Signed
2015-11-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda Hendrickson
Formed
2006
Legal Domicile
Wa
Voting Board Members
10
Independent Board Members
10
Employees
53
Volunteers
313

Preparer

Firm
Jones & Associates LLC CPAS
Address
1701 NE 104th Street, Seattle, WA 98125-7646
Preparer
Judy C Jones CPA
Phone
2065255170
Supplemental Narrative

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Special Event Expenses $32923

Part XII, Line 2D: Other expenses and losses per audited F/S

Special Event Expenses $32923

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