Upward Scholars
- Assets
- $896.8k
- Revenue
- $956.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Redwood City, CA
- Founding
- 07/2010
- Data as of
- 12/2021
- EIN
- 45-4128140
Organization Overview
Upward Scholars is located in Redwood City, CA. The organization was established in 2010. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 12/2021, Upward Scholars employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Upward Scholars 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 12/2021, Upward Scholars generated $956.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.1% each year . All expenses for the organization totaled $777.1k during the year ending 12/2021. While expenses have increased by 32.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
UPWARD SCHOLARS EMPOWERS LOW-INCOME ADULTS, MOSTLY IMMIGRANTS, BY PROVIDING THEM FINANCIAL, ACADEMIC, AND COMMUNITY SUPPORT SO THEY CAN CONTINUE THEIR EDUCATION, GET BETTER JOBS, AND SERVE AS ROLE MODELS AND ADVOCATES FOR THEIR CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT SUPPORT UPWARD SCHOLARS HAS ALWAYS HELPED STUDENTS OVERCOME BARRIERS TO AN EDUCATION THAT FITS INTO THEIR LIVES AND GOALS. THE STUDENT SUPPORT PROGRAM WAS EXPANDED IN 2020 TO INCLUDE HARDSHIP ASSISTANCE TO ADDRESS THE IMMEDIATE NEED OF FOOD INSECURITY WITHIN OUR STUDENT POPULATION AS CORONAVIRUS PANDEMIC TOOK HOLD. WE SENT HUNDREDS OF GROCERY STORE GIFT CARDS DIRECTLY TO STUDENTS AND PROVIDED STIPENDS FOR INTERNET SERVICE. THE MOVE UP INITIATIVE, BEGUN IN 2019, CONTINUES TO PROVIDE CAREER TRAINING WITH OUR NANNYUP AND HABLA MÁS! PROGRAMS. NANNYUP GIVES TALENTED, NURTURING CHILDCARE PROVIDERS THE OPPORTUNITY TO ADVANCE IN THEIR CAREERS AS NANNIES. HABLA MÁS!, PROVIDES UPWARD SCHOLARS STUDENTS THE OPPORTUNITY TO MAKE A STEADY SOURCE OF INCOME AS SPANISH LANGUAGE COACHES. THE INITIATIVE NOW INCLUDES ANOTHER NEW PROGRAM - BUSINESSUP. IN PARTNERSHIP WITH CENTRO COMMUNITY PARTNERS, BUSINESSUP OFFERS BOOTCAMP WORKSHOPS TO PROVIDE STUDENTS THE SKILLS THEY NEED TO BEGIN THEIR OWN BUSINESSES.
SCHOLARSHIPS SCHOLARSHIPS ARE PROVIDED TO UNDERSERVED STUDENTS WHO HAVE ATTENDED ADULT SCHOOLS AND COMMUNITY-BASED ORGANIZATIONS IN SAN MATEO COUNTY SO THEY CAN CONTINUE THEIR EDUCATION IN COMMUNITY COLLEGE. UPWARD SCHOLARS PROVIDES SCHOLARSHIPS FOR LAPTOP COMPUTERS, TEXTBOOKS, TRANSPORTATION PARKING AND FOOD VOUCHERS FOR USE IN CAMPUS DINING FACILITIES.
STUDENT SAFETY NET IN 2020 WE ADDED A NEW PROGRAM TO BETTER MEET THE NEEDS OF THE PEOPLE WE SERVE TODAY AND MEET THE FUTURE CHALLENGES OF OUR CHANGING ECONOMIC LANDSCAPE, ESPECIALLY GIVEN THE PANDEMIC'S DIRECT IMPACT ON OUR STUDENTS. WE LAUNCHED OUR FIRST EVER STUDENT SAFETY NET FUND (SNF) TO SUPPORT STUDENTS HARDEST HIT BY THE PANDEMIC. STUDENTS APPLIED TO RECEIVE SUPPORT FROM THE SNF TO HELP THEM COVER EXPENSES RELATED TO RENT, MEDICAL CARE, CHILDCARE, UTILITIES, OR FOOD, SO ALTHOUGH THEY LOST JOBS AND WAGES, THEY COULD CONTINUE WITH THEIR COLLEGE COURSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Prieto Executive Director | Officer | 40 | $138,332 |
Erika Pretell President | OfficerTrustee | 1 | $0 |
Gabriel Swnk Treasurer | OfficerTrustee | 1 | $0 |
Manny Amo Secretary | OfficerTrustee | 1 | $0 |
Julie Hartstein Director | Trustee | 5 | $0 |
Wendy Keuhnl-Ortiz Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $51,495 |
| All other contributions, gifts, grants, and similar amounts not included above | $905,362 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $956,857 |
| Total Program Service Revenue | $0 |
| Investment income | $87 |
| 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 | $956,944 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,000 |
| Grants and other assistance to domestic individuals. | $262,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $154,579 |
| Compensation of current officers, directors, key employees. | $37,141 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $207,184 |
| Pension plan accruals and contributions | $4,996 |
| Other employee benefits | $17,791 |
| Payroll taxes | $26,486 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,523 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $16,120 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,003 |
| Advertising and promotion | $1,022 |
| Office expenses | $18,720 |
| Information technology | $4,902 |
| Royalties | $0 |
| Occupancy | $125 |
| Travel | $150 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,810 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,202 |
| All other expenses | $212 |
| Total functional expenses | $777,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $591,414 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $305,395 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $896,809 |
| Accounts payable and accrued expenses | $30,469 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $30,469 |
| Net assets without donor restrictions | $858,340 |
| Net assets with donor restrictions | $8,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $896,809 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Upward Scholars has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
The J W & H M Goodman Family Charitable Foundation Palo Alto, CA PURPOSE: FUND AN INTERN | $8,000 |
Endowment Analysis
| Beg. Balance | $305,323 |
| Earnings | $72 |
| Ending Balance | $305,395 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Roseman University Of Health Sciences A Nevada Non-Profit Corp Henderson, NV | $331,227,679 | $100,313,649 |
Otis College Of Art And Design Los Angeles, CA | $107,442,066 | $65,971,720 |
Pacific Northwest College Of Art Portland, OR | $0 | $27,274,890 |
Southern California Institute Of Architecture Los Angeles, CA | $93,582,078 | $34,168,253 |
University Of The Nations Kona Inc Kailuakona, HI | $41,462,726 | $30,442,287 |
Laguna College Of Art And Design Laguna Beach, CA | $40,411,200 | $27,797,338 |
Alder Graduate School Of Education Redwood City, CA | $28,171,479 | $26,265,610 |
Brandman University Irvine, CA | $117,908,819 | $1,094,598 |
Associated Students Of The University Of Ca Santa Barbara Santa Barbara, CA | $8,921,011 | $13,694,895 |
San Francisco Art Institute San Francisco, CA | $51,051,251 | $7,740,556 |
Sierra Educational Advancement Corporation Valencia, CA | $2,438,956 | $5,700,199 |
Bethel School Of Technology Redding, CA | $1,032,039 | $5,145,995 |