College-Ready Promise
- Assets
- $771.2k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 9
- Location
- Piedmont, CA
- Founding
- 09/2009
- Data as of
- 06/2021
- EIN
- 27-0869586
Organization Overview
College-Ready Promise is located in Piedmont, CA. The organization was established in 2009. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, College-Ready Promise employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College-Ready Promise is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, College-Ready Promise generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $2.1m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE COLLEGE-READY GRADUATION RATES THROUGH EFFECTIVE TEACHING AND SERVING STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SUPPORT TO CHARTER MANAGEMENT ORGANIZATIONS FOR DATA, SYSTEMS, STAFF TIME, FOCUS GROUPS, PROGRAM IMPLEMENTATION, TEACHER EVALUATIONS, AND OTHER TEACHER SUPPORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elise Darwish CEO | Officer | 40 | $204,816 |
Tanya Lewis Director Of Finance | Officer | 40 | $112,071 |
Leigh Mingle Senior Director | 40 | $101,994 | |
Katherine Hamilton Director | 40 | $64,576 | |
Beth Hunkapiller Treasurer | OfficerTrustee | 1 | $0 |
Pablo Mejia Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,406,200 |
| Investment income | $25 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,691,465 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $215,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $878,992 |
| Pension plan accruals and contributions | $57,526 |
| Other employee benefits | $112,494 |
| Payroll taxes | $77,210 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,761 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,983 |
| Office expenses | $22,865 |
| Information technology | $19,006 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,289 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,119 |
| All other expenses | $0 |
| Total functional expenses | $2,057,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $717,398 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,523 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,263 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $771,184 |
| Accounts payable and accrued expenses | $96,248 |
| Grants payable | $0 |
| Deferred revenue | $11,383 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $107,631 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $663,553 |
Grants Awarded
Over the last fiscal year, College-Ready Promise has awarded $425,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ASPIRE PUBLIC SCHOOLS PURPOSE: EDUCATIONAL ACTIVITIESEDUCATIONAL ACTIVITIES | $100,000 |
PUC-LVT PURPOSE: EDUCATIONAL ACTIVITIES | $100,000 |
STRIVE PREPARATORY SCHOOLS PURPOSE: EDUCATIONAL ACTIVITIES | $100,000 |
UPLIFT EDUCATION PURPOSE: EDUCATIONAL ACTIVITIES | $100,000 |
THE NOBLE NETWORK OF CHARTER SCHOOLS PURPOSE: EDUCATIONAL ACTIVITIES | $25,000 |