EQUAL CHANCE FOR EDUCATION: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- EQUAL CHANCE FOR EDUCATION (EIN 46-4528066)
- Tax period
- 2021-07-01 to 2022-06-30
- Filed
- 2023-02-13
- IRS object ID
- 202340449349302314
- Schema version
- 2021v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-02-13T17:48:11-05:00 | ReturnTs |
| Tax Period End | 2022-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 450491842 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BLANKENSHIP CPA GROUP PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 215 WARD CIRCLE | AddressLine1Txt |
| City | BRENTWOOD | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 370272304 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 464528066 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EQUAL CHANCE FOR EDUCATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | EQUA | BusinessNameControlTxt |
| Phone | 7132087595 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 73 WHITE BRIDGE RD 103 BOX 351 | AddressLine1Txt |
| City | NASHVILLE | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37205 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MOLLY HAYNES | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 6152188585 | PhoneNum |
| Signature | 2023-01-20 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MOLLY | PersonFirstNm |
| Person Last | HAYNES | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ABIGAIL L CAMPBELL CPA | PreparerPersonNm |
| PTIN | P01296738 | PTIN |
| Phone | 6153733771 | PhoneNum |
| Preparation | 2023-02-13 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-03-07 01:45:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MOLLY HAYNES | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 73 WHITE BRIDGE RD STE 103 BOX 351 | AddressLine1Txt |
| City | NASHVILLE | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37205 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,836,573 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.EQUALCHANCEFOREDUCATION.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2014 | FormationYr |
| Legal Domicile State | TN | LegalDomicileStateCd |
| Activity Or Mission | OUR GOAL IS TO PROVIDE AN EQUAL OPPORTUNITY TO ACHIEVE THE AMERICAN DREAM THROUGH THE COMPLETION OF A COLLEGE EDUCATION BY PROVIDING DIRECT PAYMENT SCHOLARSHIPS TO EDUCATION INSTITUTIONS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 23 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 23 | VotingMembersIndependentCnt |
| Total Employee | 3 | TotalEmployeeCnt |
| Total Volunteers | 109 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $1,649,589 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,759,331 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $359 | PYInvestmentIncomeAmt |
| CY Investment Income | $73 | CYInvestmentIncomeAmt |
| CY Other Revenue | $38,473 | CYOtherRevenueAmt |
| PY Total Revenue | $1,649,948 | PYTotalRevenueAmt |
| CY Total Revenue | $1,797,877 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,399,880 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,559,637 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $172,838 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $203,272 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $104,099 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $54,755 | PYOtherExpensesAmt |
| CY Other Expenses | $67,443 | CYOtherExpensesAmt |
| PY Total Expenses | $1,627,473 | PYTotalExpensesAmt |
| CY Total Expenses | $1,830,352 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $22,475 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$32,475 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $440,595 | TotalAssetsBOYAmt |
| Total Assets EOY | $309,155 | TotalAssetsEOYAmt |
| Total Liabilities EOY | $162,035 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $440,595 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $147,120 | NetAssetsOrFundBalancesEOYAmt |
| Mission | OUR GOAL IS TO PROVIDE AN EQUAL OPPORTUNITY TO ACHIEVE THE AMERICAN DREAM THROUGH THE COMPLETION OF A COLLEGE EDUCATION BY PROVIDING DIRECT PAYMENT SCHOLARSHIPS TO EDUCATION INSTITUTIONS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $1,632,225 | ExpenseAmt |
| Grant | $1,559,637 | GrantAmt |
| Desc | ECE PROVIDES PROGRAMMING, MENTORSHIP, CAREER GUIDANCE AND SCHOLARSHIPS IN PARTNERSHIP WITH COLLEGES AND UNIVERSITIES ACROSS THE STATE OF TN. PARTNER COLLEGES PROVIDE A NEGOTIATED INSTITUTIONAL RATE FOR ECE SCHOLARS TO CREATE PATHWAYS FOR COLLEGE PERSISTENCE. EACH ECE SCHOLARSHIP IS 6,250, THE ECE SCHOLAR AND FAMILY ARE ASKED TO CONTRIBUTE 4,000 TOWARD TUITION, AND THE PARTNER COLLEGE PROVIDES INSTITUTIONAL FUNDING TOWARD THE REMAINING BALANCE, ON AVERAGE THIS IS AN IN-KIND GIFT OF 21,000 PER STUDENT PER YEAR. ECE COMMITS TO SUPPORTING SCHOLARS BEYOND THE SCHOLARSHIP DOLLARS BY CREATING PROGRAMMING AND PROVIDING RESOURCES TO RETAIN AND FOSTER CAREER READY GRADUATES. | Desc |
| Total Program Service Expenses | $1,632,225 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 3 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (true) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 23 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 23 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | false | ConflictOfInterestPolicyInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | TN | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | WILLIAM CRENSHAW | PersonNm |
| Phone | 7132087595 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 73 WHITE BRIDGE RD STE 103 351 | AddressLine1Txt |
| City | NASHVILLE | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37205 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|
| MOLLY HAYNES | ||||||
| EXECUTIVE DI | 45.00 | Yes (X) | $83,125 | $0 | $0 | |
| CHARLES ROBERT BONE | ||||||
| PRESIDENT | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| ROBERT BONE | ||||||
| SECRETARY | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| WILLIAM CRENSHAW | ||||||
| TREASURER | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| KRISTIN MCGRANER | ||||||
| CHAIRMAN | 1.00 | $0 | $0 | $0 | Yes (X) | |
| MICHAEL SPALDING | ||||||
| DIRECTOR | 20.00 | $0 | $0 | $0 | Yes (X) | |
| SAGHI ASGARIFAR | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| MONICA CINTADO | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| GREG DAILY | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| GEORGE GARRETT | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| JOHN SAM HATCHER | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| JAY JOYNER | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| NEIL KRUGMAN | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| TREY LIPMAN | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| KENYATTA LOVETT | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| DAVE MAHANES | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| JAMES MUNRO | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| PATRICIA WISEMAN MUNRO | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| RAQUEL OLUYEMO | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| RAYMOND PIRTLE | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| RICHARD RHODA | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| JACKIE SHRAGO | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| KEVIN SIVANERI | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| ANGELA TILLERY | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $83,125 | TotalReportableCompFromOrgAmt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Fundraising | $90,000 | FundraisingAmt |
| All Other Contributions | $1,669,331 | AllOtherContributionsAmt |
| Total Contributions | $1,759,331 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $73 | TotalRevenueColumnAmt |
| Exclusion | $73 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $77,169 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $90,000 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $38,696 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $38,473 | TotalRevenueColumnAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,797,877 | TotalRevenueColumnAmt |
| Exclusion | $73 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,559,637 | TotalAmt |
| Program Services | $1,559,637 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $83,125 | TotalAmt |
| Program Services | $24,660 | ProgramServicesAmt |
| Management And General | $27,880 | ManagementAndGeneralAmt |
| Fundraising | $30,585 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $105,579 | TotalAmt |
| Program Services | $31,322 | ProgramServicesAmt |
| Management And General | $35,411 | ManagementAndGeneralAmt |
| Fundraising | $38,846 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,568 | TotalAmt |
| Program Services | $4,322 | ProgramServicesAmt |
| Management And General | $4,886 | ManagementAndGeneralAmt |
| Fundraising | $5,360 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,875 | TotalAmt |
| Program Services | $1,105 | ProgramServicesAmt |
| Management And General | $10,447 | ManagementAndGeneralAmt |
| Fundraising | $323 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,150 | TotalAmt |
| Program Services | $945 | ProgramServicesAmt |
| Management And General | $8,928 | ManagementAndGeneralAmt |
| Fundraising | $277 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,828 | TotalAmt |
| Program Services | $3,613 | ProgramServicesAmt |
| Fundraising | $9,215 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,112 | TotalAmt |
| Program Services | $1,380 | ProgramServicesAmt |
| Management And General | $5,825 | ManagementAndGeneralAmt |
| Fundraising | $4,907 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,779 | TotalAmt |
| Program Services | $5,241 | ProgramServicesAmt |
| Fundraising | $1,538 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,302 | TotalAmt |
| Fundraising | $12,302 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $332 | TotalAmt |
| Management And General | $332 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS | Desc |
| Total | $1,065 | TotalAmt |
| Management And General | $319 | ManagementAndGeneralAmt |
| Fundraising | $746 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,830,352 | TotalAmt |
| Program Services | $1,632,225 | ProgramServicesAmt |
| Management And General | $94,028 | ManagementAndGeneralAmt |
| Fundraising | $104,099 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $440,595 | BOYAmt |
| EOY | $307,497 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $1,658 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $440,595 | BOYAmt |
| EOY | $309,155 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $162,035 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $162,035 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $114,296 | BOYAmt |
| EOY | $63,581 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $326,299 | BOYAmt |
| EOY | $83,539 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $440,595 | BOYAmt |
| EOY | $147,120 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $440,595 | BOYAmt |
| EOY | $309,155 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$32,475 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$261,000 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,050,751 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $455,761 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,312,779 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,649,589 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,759,331 | CurrentTaxYearAmt |
| Total | $6,228,211 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,050,751 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $455,761 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,312,779 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,649,589 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,759,331 | CurrentTaxYearAmt |
| Total | $6,228,211 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $610,782 | SubstantialContributorsTotAmt |
| Public Support Total170 | $5,617,429 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,922 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,410 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,527 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year | $73 | CurrentTaxYearAmt |
| Total | $6,932 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $6,235,143 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $80,055 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.90090 | PublicSupportCY170Pct |
| Public Support PY170 | 0.76850 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $6,197,869 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $4,399,992 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $4,399,992 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,797,877 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $1,797,877 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $6,230,344 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $4,399,992 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $4,399,992 | ExpensesNotReportedAmt |
| Expenses Subtotal | $1,830,352 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $1,830,352 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 3, PART X | THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS FROM 2018 TO THE PRESENT; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. |
| SCHEDULE D, PAGE 4, PART XIII | THE ORGANIZATION ENTERS INTO AGREEMENTS WITH UNIVERSITIES TO OFFER STUDENTS HEAVILY DISCOUNTED TUITION AT THE UNIVERSITIES. THE STUDENT PAYS A SMALL PORTION TO THE ORGANIZATION, THE ORGANIZATION PAYS THAT AMOUNT ALONG WITH AN AMOUNT FROM THE ORGANIZATION TO THE UNIVERSITY. THE REMAINDER IS THEN DONATED TO THE ORGANIZATION BY THE UNIVERSITIES. THIS IS RECOGNIZED AS A CONTRIBUTION AND TUITION EXPENSE ON THE BOOKS OF THE ORGANIZATION. THE DISCOUNTED TUITION AMOUNT IS REPORTED AS DONATED SERVICES ON THE FORM 990. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | EVENING OF CONV | Event1Nm |
| Gross Receipts Event1 | $153,135 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $90,000 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $63,135 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $26,803 | RentFacilityCostsEvent1Amt |
| Other Direct Expenses Event1 | $9,423 | OtherDirectExpensesEvent1Amt |
| Event2 | SALSA FOR SCHOL | Event2Nm |
| Gross Receipts Event2 | $14,034 | GrossReceiptsEvent2Amt |
| Gross Revenue Event2 | $14,034 | GrossRevenueEvent2Amt |
| Entertainment Event2 | $1,100 | EntertainmentEvent2Amt |
| Other Direct Expenses Event2 | $1,370 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $167,169 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $90,000 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $77,169 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $26,803 | RentFcltyCostsTotalEventsAmt |
| Entertainment Total Events | $1,100 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $10,793 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $38,696 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $38,473 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | TUITION/SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 265 | RecipientCnt |
| Cash Grant | $1,559,637 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE I, PAGE 1, PART I, LINE 2 | RECORDS MAINTAINED LISTING TUITION/SCHOLARSHIP RECIPIENTS |
| SCHEDULE I, PAGE 4, PART IV | ECE SCHOLARS ARE HIGH ACHIEVING FIRST-GENERATION IMMIGRANT STUDENTS WHO, DUE TO THEIR PENDING IMMIGRATION STATUS, FIND THEMSELVES INELIGIBLE FOR IN-STATE TUITION, FINANCIAL AID, OR STUDENT LOANS, DESPITE LIVING MOST OF THEIR LIVES IN THE US (AVERAGE AGE OF ARRIVAL IS 5 YEARS OLD). ECE APPLICANTS MUST HAVE A MINIMUM B AVERAGE FROM A TENNESSEE HIGH SCHOOL, A PROVEN FINANCIAL NEED BY PROVIDING TAX RETURNS, A DEFINED CAREER GOAL, AND A WILLINGNESS TO LIVE AT HOME AND COMMUTE TO CAMPUS. COMMUTER STUDENTS WILL NOT HAVE THE ADDITIONAL FEES ON AVERAGE OF 8,000 PER YEAR FOR ROOM AND BOARD. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 2 | MICHAEL SPALDING, MD WILLIAM CRENSHAW DIRECTOR TREASURER FAMILY RELATIONSHIP JAMES MUNRO PATRICIA WISEMAN MUNRO DIRECTOR DIRECTOR FAMILY RELATIONSHIP |
| FORM 990, PAGE 6, PART VI, LINE 11B | FORM 990 IS THOROUGHLY REVIEWED BY PRESIDENT AND CHAIRMAN, EXECUTIVE DIRECTOR, AND TREASURER AND IS SHARED WITH THE ENTIRE BOARD FOR REVIEW PRIOR TO FILING. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED BY THE EXECUTIVE COMMITTEE. SALARY IS SET BASED ON COMPARABLE COMPENSATIONS, AND THE BOARD APPROVES THE EXECUTIVE DIRECTOR'S COMPENSATION THROUGH THE BUDGET PROCESS. |
| FORM 990, PAGE 6, PART VI, LINE 15B | COMPENSATION FOR OTHER EMPLOYEES OF THE ORGANIZATION IS SET BY THE EXECUTIVE DIRECTOR AND APPROVED BY THE BOARD THROUGH THE BUDGET PROCESS. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST AND ARE AVAILABLE ON GIVINGMATTERS.COM. |
| FORM 990, PART XI, LINE 9 | CHANGE IN ACCOUNTING METHOD -261,000 IN THE PRIOR YEAR, THE ORGANIZATION REPORTED UNDER THE CASH BASIS OF ACCOUNTING. IN TRANSITIONING FROM THE CASH TO ACCRUAL BASIS OF ACCOUNTING, THE ORGANIZATION RECORDED A 261,000 DECREASE IN NET ASSETS AS OF JULY 1, 2021 DUE TO THE PAYMENT TIMING OF TUITION EXPENSES. |