College Savings Foundation
- Assets
- $345.9k
- Revenue
- $505.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Rockville, MD
- Founding
- 07/2005
- Data as of
- 12/2023
- EIN
- 82-0586030
Organization Overview
College Savings Foundation, operating under the name Csf, is located in Rockville, MD. The organization was established in 2005. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Csf is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Csf generated $505.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $481.4k during the year ending 12/2023. While expenses have increased by 1.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE COLLEGE SAVINGS FOUNDATION HAS THE MISSION OF HELPING AMERICAN FAMILIES ACHIEVE THEIR EDUCATION SAVINGS GOALS BY WORKING WITH PUBLIC POLICY MAKERS, MEDIA REPRESENTATIVES AND FINANCIAL SERVICE INDUSTRY EXECUTIVES IN SUPPORT OF EDUCATION SAVINGS PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CSF SERVES THE EDUCATION SAVINGS INDUSTRY AS A CENTRAL REPOSITORY OF INFORMATION AND AN EXPERT RESOURCE FOR ITS MEMBERS AND FOR REPRESENTATIVES OF STATE AND FEDERAL GOVERNMENT, INSTITUTIONS OF HIGHER EDUCATION AND OTHER RELATED FOUNDATIONS AND ASSOCIATIONS. PRIMARY FOCUS OF CSF IS BUILDING PUBLIC AWARENESS OF AND PROVIDING PUBLIC POLICY SUPPORT FOR IRS CODE 529 PLANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Green Director | Trustee | 1 | $0 |
Rich Polimeni Director | OfficerTrustee | 1 | $0 |
John Park Treasurer | OfficerTrustee | 1 | $0 |
Evan Mayhew Director | Trustee | 1 | $0 |
Anthony Durkan Director | Trustee | 1 | $0 |
Kevin Johnston Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Capital Concepts Consulting Llc Management Consulting | 12/30/22 | $120,000 |
Davis & Harman Llp Legal Retainer Fee | 12/30/22 | $180,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $494,408 |
| Investment income | $11,132 |
| 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 | $505,540 |
| 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. | $133,017 |
| Compensation of current officers, directors, key employees. | $133,017 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,391 |
| Fees for services: Lobbying | $183,224 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $48,860 |
| Office expenses | $175 |
| Information technology | $5,052 |
| 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 | $70,244 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,610 |
| All other expenses | $0 |
| Total functional expenses | $481,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $329,044 |
| 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 | $16,839 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $345,883 |
| Accounts payable and accrued expenses | $48,626 |
| Grants payable | $0 |
| Deferred revenue | $70,000 |
| 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 | $118,626 |
| Net assets without donor restrictions | $227,257 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $345,883 |