College Track
- Assets
- $64.4m
- Revenue
- $27.5m
- Investments
- $0.0
- Employees
- 324
- Location
- Oakland, CA
- Founding
- 10/1997
- Data as of
- 06/2022
- EIN
- 94-3279613
Organization Overview
College Track is located in Oakland, CA. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, College Track employed 324 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Track 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 06/2022, College Track generated $27.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $35.1m during the year ending 06/2022. While expenses have increased by 11.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
COLLEGE TRACK IS A COMPREHENSIVE COLLEGE COMPLETION PROGRAM THAT EQUIPS STUDENTS CONFRONTING SYSTEMIC BARRIERS TO EARN A BACHELOR'S DEGREE, IN PURSUIT OF A LIFE OF OPPORTUNITY, CHOICE, AND POWER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EQUIPPED 3,521 STUDENTS TO ADVANCE TOWARDS BACHELOR'S DEGREES.PROVIDED RESOURCES TO A GROWING ALUMNI NETWORK OF 953 GRADUATES.99% COLLEGE MATRICULATION IN FALL 2021.85% COLLEGE PERSISTENCE IN FALL 2021.98% OF CLASS OF 2021 HIGH SCHOOL SENIORS ACCEPTED INTO AT LEAST ONE FOUR-YEAR COLLEGE.36 AVG. COMMUNITY SERVICE HOURS PER HIGH SCHOOL STUDENT DURING ACADEMIC YEAR 2020-21.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julia Chih Cfo/coo / Interim CEO (eff. 5/27/21) | Officer | 40 | $301,888 |
DE Souza Bransten Leela Chief Development & Marketing Officer | Officer | 40 | $286,226 |
Draper Karen CFO | Officer | 40 | $217,810 |
Salas Elissa CEO / Senior Advisor (eff. 5/27/21) | Officer | 40 | $192,187 |
Woodward Mike Chief Program Officer | Officer | 40 | $173,210 |
Berkley Heather Vice President Of Strategic Initiatives | Officer | 40 | $170,005 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nicol Mcgough Mental Health And Wellness Consultant | 6/29/22 | $134,546 |
Chang Liang Alumni Support Consultant | 6/29/22 | $136,044 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $483,874 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,140,736 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,624,610 |
| Total Program Service Revenue | $0 |
| Investment income | -$125,746 |
| 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 | $27,539,542 |
| 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. | $2,779,994 |
| Compensation of current officers, directors, key employees. | $361,399 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,540,107 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,308,302 |
| Payroll taxes | $1,445,526 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $115,373 |
| Fees for services: Accounting | $105,231 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,846,048 |
| Advertising and promotion | $0 |
| Office expenses | $597,862 |
| Information technology | $515,973 |
| Royalties | $0 |
| Occupancy | $3,438,752 |
| Travel | $572,652 |
| 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 | $712,077 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $35,103,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,585,650 |
| Savings and temporary cash investments | $22,189,171 |
| Pledges and grants receivable | $12,525,087 |
| Accounts receivable, net | $9,644,995 |
| 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 | $556,441 |
| Net Land, buildings, and equipment | $10,653,094 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $221,282 |
| Total assets | $64,375,720 |
| Accounts payable and accrued expenses | $2,508,250 |
| Grants payable | $0 |
| Deferred revenue | $838,568 |
| 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 | $6,896,394 |
| Total liabilities | $10,243,212 |
| Net assets without donor restrictions | $28,632,655 |
| Net assets with donor restrictions | $25,499,853 |
| 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 | $64,375,720 |
Grants Recieved
Over the last fiscal year, we have identified 76 grants that College Track has recieved totaling $15,120,501.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Education | $9,040,983 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $717,950 |
Clark Charitable Foundation Inc Bethesda, MD PURPOSE: GENERAL OPERATING SUPPORT OF COLLEGE ACCESS PROGRAMS | $570,000 |
Social Impact Fund Los Angeles, CA PURPOSE: College Track Boyle Heights | $550,000 |
Koret Foundation San Francisco, CA PURPOSE: STEM TRACK PILOT PROJECT | $420,000 |
Tipping Point Community San Francisco, CA PURPOSE: EDUCATION ISSUE AREA | $350,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Schmidt Family Foundation Palo Alto, CA | $1,804,927,974 | $171,198,618 |
Charles And Helen Schwab Foundation San Francisco, CA | $691,573,201 | $120,025,754 |
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |