2025-05-15T15:12:06-05:00 2024-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 1 HIGHWOOD DRIVE TEWKSBURY MA 01876 990 2023-07-01 474425987 COLLEGE FOR SOCIAL INNOVATION INC COLL 6179100071 89 SOUTH STREET 407 BOSTON MA 02111 ERIC SCHWARZ CHIEF EXECUTIVE OFFICER 6179100071 2025-05-15 1 1 MATTHEW KALIL CPA MBA P01517069 9785575300 2025-05-15 2023 2025-03-06 01:10:19Z ERIC SCHWARZ 89 SOUTH STREET 407 BOSTON MA 02111 3059141 0 X COLLEGEFORSOCIALINNOVATION.ORG X 2015 MA TO EDUCATE AND INSPIRE THE NEXT GENERATION OF PROBLEM SOLVERS. 8 7 52 177 0 0 1106357 1943753 1170215 1111607 3253 3781 0 0 2279825 3059141 0 0 0 0 1516020 1734077 0 0 177658 990806 1100684 2506826 2834761 -227001 224380 2326951 2181179 1849539 1479387 477412 701792 X TO EDUCATE AND INSPIRE THE NEXT GENERATION OF PROBLEM SOLVERS. 0 0 1999097 1111607 COLLEGE FOR SOCIAL INNOVATION (CFSI) IS A NEW COLLEGE PARTNERSHIP MODEL WITH A MISSION OF EDUCATING AND INSPIRING THE NEXT GENERATION OF PROBLEM SOLVERS. OUR MODEL PROVIDES OPPORTUNITIES FOR DIVERSE COHORTS OF COLLEGE STUDENTS TO EARN A FULL SEMESTER OF CREDIT FOR WELL-SUPPORTED FELLOWSHIPS IN NON-PROFITS, THE PUBLIC SECTOR, AND SOCIAL MISSION BUSINESSES. STUDENTS LEARN THROUGH ACTIVE MENTORING, JOB-RELATED ASSIGNMENTS, AND RELATED SEMINARS AND REFLECTION ACTIVITIES, ALL OF WHICH WILL HELP THEM BUILD CAREER-BASED COMPETENCIES, SOCIAL AND EMOTIONAL SKILLS, AND NETWORKS. STUDENTS SERVE FOUR DAYS A WEEK WITH HOST ORGANIZATIONS, WORKING UNDER A DEDICATED MENTOR AND ALSO PARTICIPATE IN A FOUNDATION COURSE OFFERED ONE EVENING, "THE SOCIAL INNOVATOR'S TOOL BOX, AND ENGAGE IN A SKILL-BUILDING AND REFLECTIVE COURSE ON FRIDAYS CALLED "BECOMING A PROBLEM SOLVER." PARTICIPATING STUDENTS EARN A FULL 16 CREDITS (OR EQUIVALENT) FROM THEIR HOME COLLEGE WITH NO ADDITIONAL TUITION OR FEES. HOST ORGANIZATIONS ARE ABLE TO INVEST IN FUTURE TALENT THROUGH THE OPPORTUNITY TO MENTOR AND DEVELOP A STUDENT FELLOW. OUR LONG-TERM GOAL IS TO CREATE A BIGGER, BETTER PREPARED, AND MORE DIVERSE TALENT PIPELINE FOR THE SOCIAL SECTOR.IN THE DYNAMIC LANDSCAPE OF EDUCATION AND PROFESSIONAL DEVELOPMENT, OUR STUDENT RESULTS AND MENTOR EVALUATIONS IN FISCAL YEAR 2024 SPEAK TO THE TRANSFORMATIVE IMPACT WE'VE HAD ON OUR FELLOWS AND HOST ORGANIZATIONS. OUR NEWEST FRAMEWORK, B-CREL (BUILDING CAREER READINESS THROUGH EXPERIENTIAL LEARNING), ALLOWS STUDENTS TO SELF-ASSESS THEIR GROWTH ACROSS 20 CORE COMPETENCIES AT THE BEGINNING AND END OF THE SEMESTER, WHILE THEIR MENTORS PROVIDE MIDTERM AND FINAL EVALUATIONS AS PART OF THEIR ACADEMIC GRADE. WE'RE ALSO PILOTING A COMPETENCY-BASED BADGING SYSTEM THAT AWARDS BRONZE, SILVER, AND GOLD RECOGNITION FOR PROGRESS IN EACH OF THESE AREAS. DURING THE FALL OF 2023 AND SPRING OF 2024, OUR FELLOWS SHOWED SIGNIFICANT GROWTH IN ALL 20 WORKFORCE-RELATED COMPETENCIES, THE BIGGEST IMPROVEMENTS LARGELY BEING IN SKILLS EMPLOYERS VALUE MOST, INCLUDING COMMUNICATION, CRITICAL THINKING, AND TEAMWORK ACROSS DIFFERENCES. IN RELATION TO PROFESSIONAL DEVELOPMENT AND PERSONAL GROWTH, 100% OF ALUMNI REPORT GAINING PROFESSIONAL SKILLS, 99% REPORT GATHERING NEW CONNECTIONS WITHIN THEIR PROFESSIONAL NETWORK, AND 98% REPORT BUILDING THE SKILLS TO BECOME A MORE VALUABLE EMPLOYEE. BUT OUR IMPACT IS NOT ONLY LIMITED TO OUR STUDENTS, ONE MENTOR'S COMMENT ILLUSTRATES THE VALUE FELLOWS BRING TO HOST ORGANIZATIONS: "THIS PROGRAM FACILITATED CAPACITY-BUILDING AND ENHANCED MY MANAGERIAL SKILLS. I WHOLEHEARTEDLY RECOMMEND IT TO ANYONE SEEKING MEANINGFUL PROFESSIONAL DEVELOPMENT." IN A LANDSCAPE WHERE ONLY 36% OF BUSINESS LEADERS BELIEVE THAT TRADITIONAL COLLEGES ADEQUATELY PREPARE GRADUATES FOR THE WORKFORCE, OUR HIGH-IMPACT EXPERIENTIAL LEARNING MODEL IS PROVIDING UNPARALLELED PROFESSIONAL DEVELOPMENT AND INDISPENSABLE LIFE SKILLS. IN THE SPRING OF 2024, WE PILOTED A NEW GAP YEAR INITIATIVE WITH DIRECT OUTREACH TO STUDENTS WHO HAD NOT YET ENROLLED IN COLLEGE OR HAD LEFT COLLEGE AND WERE LOOKING FOR A DIFFERENT KIND OF EDUCATIONAL EXPERIENCE. WE SERVED 10 SUCH STUDENTS AND NOTED THAT OVERALL, GAP STUDENTS THRIVED IN THEIR INTERNSHIPS, RECEIVED GOOD FEEDBACK FROM MENTORS, AND FIT IN WELL WITH THEIR COHORT. WE ALSO SAW WAYS IN WHICH OUR PROGRAMS DRAMATICALLY ACCELERATED THEIR SKILLS, MATURITY, AND NETWORKS, AND PUT THEM ON BETTER POST-SECONDARY PATHWAYS. AS PART OF OUR GO-TO-MARKET STRATEGY WE HAVE BECOME A MEMBER OF THE GAP YEAR ASSOCIATION, DEVELOPED RELATIONSHIPS WITH APPROXIMATELY 25 DEDICATED GAP YEAR COUNSELORS AND COMMUNITY-BASED ORGANIZATIONS, AND NEGOTIATED WITH NEW VENDING PARTNERS FOR DIRECT INTRODUCTIONS TO 100 INDEPENDENT EDUCATIONAL COUNSELORS. WITHIN JUST MONTHS OF OUR GAP YEAR PILOT LAUNCH, THESE EFFORTS HAVE RESULTED IN OUR SEMESTER IN THE CITY PROGRAM BECOMING A TOP 50 (OF APPROXIMATELY 650) RANKED GAP YEAR PROGRAM AMONG KEY DISCOVERY PLATFORMS.IN JULY OF 2023, WE BEGAN WORKING UNDER THE FIRST YEAR OF AN AMERICORPS NATIONAL DIRECT GRANT. OUR SUCCESSFUL IMPLEMENTATION OF AMERICORPS PROGRAMS LED TO CFSI COLLECTING OUR FULL GRANT FUNDING, SUCCESSFUL CLEARING OF FEDERAL GRANT COMPLIANCE, AND ALLOWED US TO RAISE CFSI'S NATIONAL PROFILE THROUGH AMERICORPS CONFERENCES AND NETWORKING. 1999097 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 5 0 1 52 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 1 0 MA X THE ORGANIZATION 6179100071 89 SOUTH STREET 407 BOSTON MA 02111 TULAINE MONTGOMERY DIRECTOR 5.00 X 0 0 0 LISA BUTLER DIRECTOR 5.00 X 0 0 0 JAMES ATWOOD DIRECTOR 5.00 X 0 0 0 ADRIA GOODSON DIRECTOR 5.00 X 0 0 0 MARQUIS TAYLOR DIRECTOR 5.00 X 0 0 0 DENNIS HANNO DIRECTOR 5.00 X 0 0 0 TOM CRAIG TREASURER 5.00 X X 0 0 0 ERIC SCHWARZ CEO/PRESIDENT 40.00 X X 193683 0 24468 DOLITA CATHCART CHIEF PROGRAM OFFICER 40.00 X 118101 0 9347 LIHUAN LAI CHIEF OPERATING OFFICER (UNTIL FEB '24) 40.00 X 103643 0 1663 415427 0 35478 3 0 1 0 0 892935 1050818 31715 1943753 PROGRAM SERVICE FEES 611310 1111607 1111607 1111607 3781 3781 3059141 1111607 0 3781 365195 312450 18260 34485 1117575 834005 200403 83167 129410 98063 22379 8968 121897 94098 18225 9574 42909 42909 121556 62500 51556 7500 22036 17117 3179 1740 51769 7514 42760 1495 61505 59443 2062 8110 8110 5983 5983 1269 1269 25707 22600 3107 STUDENT HOUSING 554395 360357 188494 5544 PROGRAM STUDENT COSTS 182822 175031 7291 500 CREDIT LOSS EXPENSE 22623 22623 2834761 1999097 658006 177658 276479 230978 201105 265861 102171 276912 29348 72643 17765 12218 4849 5547 1712999 1329238 2326951 2181179 58766 86225 44350 15146 1746423 1378016 1849539 1479387 X 472412 546792 5000 155000 477412 701792 2326951 2181179 224380 0 X X 0 1 X 1 1 1 X 1178644 971452 1130777 1106357 1943753 6330983 1126260 1049014 1330965 1170215 1111607 5788061 2304904 2020466 2461742 2276572 3055360 12119044 508595 145317 507031 733967 495728 2390638 0 508595 145317 507031 733967 495728 2390638 9728406 85 754 1409 3253 3781 9282 85 754 1409 3253 3781 9282 2304989 2021220 2463151 2279825 3059141 12128326 0.80210 0.78050 0.00080 0.00050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17765 12218 5547 5547 OPERATING LEASE RIGHT-OF-USE ASSETS 1329238 1329238 OPERATING LEASE LIABILITY 1378016 1378016 X 3059141 0 3059141 0 3059141 2834761 0 2834761 0 2834761 PART X, LINE 2: THE ORGANIZATION IS A NONPROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON TRADE OR BUSINESS PROFITS GENERATED BY ACTIVITIES RELATED TO THE ORGANIZATION'S EXEMPT FUNCTION. THE ORGANIZATION MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES FOR PROFITS GENERATED FROM TRADE OR BUSINESS ACTIVITIES UNRELATED TO THE ORGANIZATION'S EXEMPT FUNCTION. AS OF JUNE 30, 2024, MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS NOT GENERATED ANY UNRELATED BUSINESS TAXABLE INCOME. THE ORGANIZATION ASSESSES THE RECORDING OF UNCERTAIN TAX POSITIONS BY EVALUATING THE MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT REQUIREMENTS A TAX POSITION MUST MEET BEFORE BEING RECOGNIZED AS A BENEFIT IN THE FINANCIAL STATEMENTS. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ACCRUED ON ANY UNCERTAIN TAX POSITIONS AS A COMPONENT OF INCOME TAX EXPENSE, IF ANY, IN ITS STATEMENT OF ACTIVITIES. THE ORGANIZATION HAS NOT RECOGNIZED ANY LIABILITIES FOR UNCERTAIN TAX POSITIONS OR UNRECOGNIZED BENEFITS AS OF JUNE 30, 2024. THE ORGANIZATION DOES NOT EXPECT ANY MATERIAL CHANGE IN UNCERTAIN TAX BENEFITS WITHIN THE NEXT 12 MONTHS. X X X 0 0 0 0 0 0 0 0 0 ERIC SCHWARZ CEO/PRESIDENT 193683 0 0 0 0 0 0 0 24468 0 218151 0 0 0 X 1 31715 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FULL 990 IS PROVIDED TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C ONCE EACH CALENDAR YEAR, EMPLOYEES, BOARD MEMBERS AND ANYONE WITH FIDUCIARY DUTIES WITHIN THE ORGANIZATION THAT CAN INFLUENCE ACTIONS OF THE COLLEGE FOR SOCIAL INNOVATION (CFSI) MUST DISCLOSE POTENTIAL CONFLICT THAT MIGHT ARISE BETWEEN CFSI AND ANY POTENTIAL AREAS. FORM 990, PART VI, SECTION B, LINE 15 FOUNDING CEO ERIC SCHWARZ AND THE TWO OTHER FOUNDING MEMBERS OF THE BOARD PUT SOME CAREFUL THOUGHT INTO STARTING COMPENSATION FOR SCHWARZ, AN ACCOMPLISHED SOCIAL ENTREPRENEUR WITH APPROXIMATELY 30 YEARS OF RELEVANT EXPERIENCE. TAKEN INTO ACCOUNT WERE SEVERAL FACTORS, INCLUDING: -SCHWARZ'S PAST EXPERIENCE AND COMPENSATION AS A SOCIAL SECTOR LEADER -SCHWARZ'S LEADERSHIP AS A FULL-TIME UNCOMPENSATED VOLUNTEER FOR NINE MONTHS (LATE 2014 TO AUGUST 2015) DEVELOPING THE COLLEGE FOR SOCIAL INNOVATION IDEA AND BUSINESS PLAN -INFORMAL BENCHMARKS OF OTHER SOCIAL ENTREPRENEURS WITH TWO TO THREE DECADES OF RELEVANT EXECUTIVE EXPERIENCE STARTING NEW SOCIAL SECTOR ORGANIZATIONS -INFORMAL BENCHMARKING OF CEO COMPENSATION FOR NEW ENTREPRENEURIAL VENTURES IN THE HIGHER EDUCATION WORLD BASED ON THIS INFORMAL BENCHMARKING AND SCHWARZ'S PAST COMPENSATION AND EXPERIENCE, SCHWARZ PROPOSED A SALARY THAT WAS A 10% REDUCTION FROM HIS COMPENSATION AT CITIZEN SCHOOLS AND COMMITTED TO TAKE NO COLA OR MERIT RAISE FOR AT LEAST TWO YEARS AS THE ORGANIZATION SCALED FROM START-UP TO AN ANTICIPATED BUDGET OF APPROXIMATELY $3 MILLION IN FY18, THE ORGANIZATION'S THIRD YEAR OF OPERATIONS. OUTSIDE BOARD MEMBERS TOM CRAIG AND TULAINE MONTGOMERY DISCUSSED THE SALARY AND APPROVED IT AS PART OF APPROVING THE ORGANIZATION'S FY16 BUDGET. PRIOR TO ANY FUTURE CHANGES TO THE COMPENSATION, COLLEGE FOR SOCIAL INNOVATION PLANS TO CREATE A FORMAL FINANCE AND BUDGET COMMITTEE CHARGED WITH, AMONG OTHER THINGS, REVIEWING AND APPROVING EXECUTIVE COMPENSATION, BASED ON PERFORMANCE AND INDUSTRY NORMS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT FOR THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED DURING THE YEAR.