Believe In Students Inc is located in Philadelphia, PA. The organization was established in 2016. As of 12/2023, Believe In Students Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Believe In Students Inc 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 12/2023, Believe In Students Inc generated $448.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $748.5k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COLLEGE STUDENTS STRUGGLING WITH BASIC NEEDS INSECURITY WITH RESOURCES AND SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAST FUND NETWORK - THE FAST FUND IS THE ORGANIZATION'S FLAGSHIP PROGRAM, WHERE SMALL-DOLLAR, FLEXIBLE EMERGENCY AID GRANTS ARE PROVIDED TO STUDENTS TO ADDRESS IMMEDIATE BASIC NEEDS CHALLENGES THAT THREATEN THEIR ABILITY TO STAY IN SCHOOL. THE ORGANIZATION DOES THIS BY ORGANIZING A NETWORK OF FACULTY ON CAMPUSES ACROSS THE COUNTRY WHO SERVE AS VOLUNTEER PROGRAM LEADERS TO ENGAGE FACULTY, STAFF, AND IMPACTED STUDENTS IN ADDRESSING STUDENT BASIC NEEDS INSECURITY, INCLUDING DISSEMINATING EMERGENCY GRANTS FROM FUNDS RAISED THROUGH BIS AND OTHERS. IN 2023, BIS DISTRIBUTED 100,090 DIRECTLY, AND COORDINATED AND SUPPORTED 30 OTHER FAST FUND LEADERS ACROSS THE COUNTRY TO HELP THEM RAISE AN ADDITIONAL 438,869 TO SUPPORT STUDENTS AS EMERGENCY AID. THE AVERAGE GRANT SIZE INCREASED SLIGHTLY, FROM 262 TO 302, DRIVEN PRIMARILY BY NEEDS RELATED TO HOUSING COSTS. THE ORGANIZATION ALSO PUBLISHED ITS FIRST IMPACT REPORT, WHICH GENERATED A MAJOR FEATURE STORY IN ONE OF THE PREMIER HIGHER EDUCATION PUBLICATIONS. THE REPORT CAN BE FOUND AT HTTPS://BELIEVEINSTUDENTS.ORG/WP- CONTENT/UPLOADS/2023/10/BELIEVEINSTUDENTS_FASTFUNDIMPACTREPORT_2023-3.PDF
GATHER FOOD HALL IS A SOCIAL ENTERPRISE TO COMBAT FOOD INSECURITY AMONG COLLEGE STUDENTS BY UTILIZING A PAY-WHAT-YOU-CAN MODEL THAT PROVIDES VOUCHERS FOR STUDENTS WHO NEED EXTRA SUPPORT AND HELPING THE COMMUNITY BETTER UNDERSTAND THESE ISSUES. BIS BROUGHT TOGETHER A SERIES OF PARTNERS TO HELP LEARN FROM PAST FAILURES IN MODELS LIKE THIS, AND GENERATE A CONCEPT THAT CAN BE SUSTAINABLE WHILE ADDRESSING THE SOCIAL GOOD. TOGETHER, THE PARTNERS HAVE FORMED A NEW LLC TO ADVANCE THE CONCEPT, WHILE BIS FOCUSED ON CREATING A SUSTAINABLE MODEL FOR MEETING STUDENTS' NEEDS AND BUILDING PARTNERSHIPS FOR DEEPER IMPACT ONCE THE FOOD HALL OPENS.
BIS IS THE ORGANIZATIONAL HOME OF THE REAL COLLEGE MOVEMENT, A NATIONAL EFFORT TO RAISE AWARENESS OF BASIC NEEDS INSECURITY AMONG COLLEGE STUDENTS AND REDEFINE WHAT IT MEANS TO BE A STUDENT-READY COLLEGE. THE ORGANIZATION DEVELOPS EDUCATIONAL TOOLS AND RESOURCES TO EDUCATE AND EMPOWER FACULTY, STAFF, AND ADMINISTRATORS IN HIGHER EDUCATION TO DEVELOP AND EXECUTE STRATEGIES TO BETTER ADDRESS STUDENTS' BASIC NEEDS IN A WAY THAT WILL INCREASE PERSISTENCE AND GRADUATION. IN 2023, BIS PRODUCED AND DISSEMINATED TWO REPORTS ABOUT THE IMPACT OF EMERGENCY AID ON STUDENT PERSISTENCE, AND BEGAN WORK ON THE REALCOLLEGE CURRICULUM, ON ONLINE RESOURCE FOR EDUCATORS TO BETTER UNDERSTAND WHY BASIC NEEDS INSECURITY EXISTS AND HOW TO ADDRESS IT.
GREAT LAKES CONSORTIUM - IN AN EFFORT TO PURSUE STRUCTURAL SOLUTIONS, THE ORGANIZATION LAUNCHED THE GREAT LAKES FAST FUND CONSORTIUM, ORGANIZING AND LEADING A GROUP OF FAST FUND LEADERS AT COLLEGES IN THE GREAT LAKES REGION TO DEVELOP AN ADVOCACY AGENDA, CREATE A PAID STUDENT FELLOWSHIP TO TRAIN AND SUPPORT IMPACTED STUDENTS TO SERVE AS LEADERS IN THIS WORK, AND ORGANIZE FACULTY, STAFF, AND STUDENTS TO ADVOCATE FOR CAMPUS POLICY AND PRACTICE CHANGES. FACULTY AND STUDENTS ON FIVE CAMPUSES WORKED TOGETHER TO SUPPORT 12 FELLOWS WHO PURSUED CAMPUS INNOVATIONS TO BETTER ADDRESS FOOD AND HOUSING INSECURITY ON THEIR CAMPUSES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Traci Kirtley CEO | Officer | 50 | $104,373 |
Richard Binswanger Board Chair | OfficerTrustee | 1 | $0 |
Rene Bryce-Laporte Member | Trustee | 1 | $0 |
Mark Hays Board Treasu | OfficerTrustee | 1 | $0 |
Bill Kiolbasa Member | Trustee | 1 | $0 |
Stephanie Owens Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $438,761 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $438,761 |
Total Program Service Revenue | $0 |
Investment income | $9,408 |
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 | $448,169 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $104,373 |
Compensation of current officers, directors, key employees. | $8,350 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $227,525 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $34,171 |
Payroll taxes | $26,378 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $10,791 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $3,647 |
Travel | $14,258 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $1,525 |
All other expenses | $81,618 |
Total functional expenses | $748,524 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $73,338 |
Savings and temporary cash investments | $38,921 |
Pledges and grants receivable | $50,000 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $10,000 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $11,364 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $140,604 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $324,227 |
Accounts payable and accrued expenses | $38,011 |
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 | $38,011 |
Net assets without donor restrictions | $74,237 |
Net assets with donor restrictions | $211,979 |
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 | $324,227 |