COLLEGESPRING INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
COLLEGESPRING INC (EIN 27-0920698)
Tax period
2020-07-01 to 2021-06-30
Filed
2022-04-19
IRS object ID
202221099349300927
Schema version
2020v4.0
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

FieldValueIRS element (for citing)
Return2022-04-19T15:42:04-07:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN472626541PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Cook & Company A Prof Actcy CorporationBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1One Sansome St Ste 3500AddressLine1Txt
CitySan FranciscoCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94104ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN270920698EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Collegespring IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCOLLBusinessNameControlTxt
Phone7076412376PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11990 N California Blvd Suite 20AddressLine1Txt
CityWalnut CreekCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94596ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonYoon ChoiPersonNm
Person TitleCEOPersonTitleTxt
Signature2022-04-19SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstYoonPersonFirstNm
Person LastChoiPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDouglas E Cook CPAMPAPreparerPersonNm
PTINP01521705PTIN
Phone4156211112PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerYoon ChoiPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11990 N California Blvd Suite 20AddressLine1Txt
CityWalnut CreekCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94596ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,763,117GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.collegespring.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2009FormationYr
Legal Domicile StateCALegalDomicileStateCd
Activity Or MissionOur mission is to provide access to high-quality test prep to equip schools and teachers with the tools to help students confidently prepare for, and increase their results on, the SAT and ACT. These tests are a critical part of college admissions, and every student deserves a chance to prepare. We build Test Confidence by training, supporting, and providing ongoing coaching to teachers at our partner schools to deliver the CollegeSpring curriculum to their students.ActivityOrMissionDesc
Voting Members Governing Body14VotingMembersGoverningBodyCnt
Voting Members Independent14VotingMembersIndependentCnt
Total Employee88TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$3,182,894PYContributionsGrantsAmt
CY Contributions Grants$2,448,034CYContributionsGrantsAmt
PY Program Service Revenue$738,985PYProgramServiceRevenueAmt
CY Program Service Revenue$313,026CYProgramServiceRevenueAmt
PY Investment Income$858PYInvestmentIncomeAmt
CY Investment Income$1,226CYInvestmentIncomeAmt
CY Other Revenue$831CYOtherRevenueAmt
PY Total Revenue$3,922,737PYTotalRevenueAmt
CY Total Revenue$2,763,117CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,224,338PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,017,739CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$330,899CYTotalFundraisingExpenseAmt
PY Other Expenses$1,123,451PYOtherExpensesAmt
CY Other Expenses$545,657CYOtherExpensesAmt
PY Total Expenses$3,347,789PYTotalExpensesAmt
CY Total Expenses$2,563,396CYTotalExpensesAmt
PY Revenues Less Expenses$574,948PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$199,721CYRevenuesLessExpensesAmt
Total Assets BOY$3,159,055TotalAssetsBOYAmt
Total Assets EOY$3,027,501TotalAssetsEOYAmt
Total Liabilities BOY$629,334TotalLiabilitiesBOYAmt
Total Liabilities EOY$264,124TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,529,721NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,763,377NetAssetsOrFundBalancesEOYAmt
MissionOur mission is to provide access to high-quality test prep to equip schools and teachers with the tools to help students confidently prepare for, and increase their results on, the SAT and ACT. These tests are a critical part of college admissions, and every student deserves a chance to prepare. We build Test Confidence by training, supporting, and providing ongoing coaching to teachers at our partner schools to deliver the CollegeSpring curriculum to their students.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$1,276,036ExpenseAmt
Revenue$313,026RevenueAmt
DescCollegeSpring partners exclusively with organizations serving populations that are historically underrepresented in higher education. We reduce inequities in test preparation by building the capacity of schools, entire districts, and nonprofit organizations to offer in-school preparation to all students - not a privilege for a select few. In FY21, CollegeSpring served 6,033 students across 8 states plus the District of Columbia.Desc
Total Program Service Expenses$1,276,036TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document10IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee88EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Form8282 Filed0Form8282FiledCnt
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members14GoverningBodyVotingMembersCnt
Independent Voting Member14IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsYes (true)ChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesfalseMinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonGeanette TreadwayPersonNm
Phone7076412376PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11990 N California Blvd 20AddressLine1Txt
CityWalnut CreekCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94596ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
Yoon Choi
CEO40.000.00Yes (X)$187,321$0$568
Neha Bajaj Fin Oper
Controller40.000.00Yes (X)$118,305$0$31,299
Mollie Kutscher
Chief of Staff40.000.00$134,671$0$2,537
Cailin Papszycki Head of
Partnerships40.000.00$122,947$0$11,928
Nicole Gangitano Head of
Program & Impact40.000.00$119,562$0$424
Thomas Friel
Chairman1.000.00Yes (X)$0$0$0Yes (X)
Mindy Rogers Secretary
Treasurer1.000.00Yes (X)$0$0$0Yes (X)
Juanita Lott Governance
Chairman1.000.00$0$0$0Yes (X)
Larry Kubal Fin Oper
Chairman1.000.00$0$0$0Yes (X)
Alexander Farman-Farmaian
Director1.000.00$0$0$0Yes (X)
Garrett Neiman
Director1.000.00$0$0$0Yes (X)
Todd Penner
Director1.000.00$0$0$0Yes (X)
Stephanie Cohen
Director1.000.00$0$0$0Yes (X)
Ralph Sutton
Director1.000.00$0$0$0Yes (X)
Joel Jones
Director1.000.00$0$0$0Yes (X)
Olga Votis
Director1.000.00$0$0$0Yes (X)
Susan Goss Brown
Director1.000.00$0$0$0Yes (X)
Brittany Skoda
Director1.000.00$0$0$0Yes (X)
Fred Crawford
Director0.000.00$0$0$0Yes (X)
Geanette Treadway Fin Oper
Controller40.000.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$682,806TotalReportableCompFromOrgAmt
Total Other Compensation$46,756TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K5IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$435,300GovernmentGrantsAmt
All Other Contributions$2,012,734AllOtherContributionsAmt
Noncash Contributions$33,935NoncashContributionsAmt
Total Contributions$2,448,034TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescFees for servicesDesc
Business611710BusinessCd
Total Revenue Column$313,026TotalRevenueColumnAmt
Related Or Exempt Func Income$313,026RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$313,026TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,226TotalRevenueColumnAmt
Exclusion$1,226ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMiscellaneousDesc
Business900099BusinessCd
Total Revenue Column$831TotalRevenueColumnAmt
Exclusion$831ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$831OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,763,117TotalRevenueColumnAmt
Related Or Exempt Func Income$313,026RelatedOrExemptFuncIncomeAmt
Exclusion$2,057ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$395,510TotalAmt
Management And General$395,510ManagementAndGeneralAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,365,215TotalAmt
Program Services$776,348ProgramServicesAmt
Management And General$324,592ManagementAndGeneralAmt
Fundraising$264,275FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$1,100TotalAmt
Program Services$698ProgramServicesAmt
Management And General$266ManagementAndGeneralAmt
Fundraising$136FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$111,603TotalAmt
Program Services$57,660ProgramServicesAmt
Management And General$34,166ManagementAndGeneralAmt
Fundraising$19,777FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$144,311TotalAmt
Program Services$64,217ProgramServicesAmt
Management And General$58,180ManagementAndGeneralAmt
Fundraising$21,914FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$68,179TotalAmt
Management And General$68,179ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$119,096TotalAmt
Program Services$77,674ProgramServicesAmt
Management And General$33,681ManagementAndGeneralAmt
Fundraising$7,741FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$4,930TotalAmt
Program Services$2,210ProgramServicesAmt
Management And General$2,109ManagementAndGeneralAmt
Fundraising$611FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$35,532TotalAmt
Program Services$9,226ProgramServicesAmt
Management And General$16,967ManagementAndGeneralAmt
Fundraising$9,339FundraisingAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$157,554TotalAmt
Program Services$157,137ProgramServicesAmt
Management And General$269ManagementAndGeneralAmt
Fundraising$148FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$424TotalAmt
Program Services$60ProgramServicesAmt
Management And General$364ManagementAndGeneralAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$2,480TotalAmt
Program Services$2,480ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$6,859TotalAmt
Program Services$3,803ProgramServicesAmt
Management And General$1,971ManagementAndGeneralAmt
Fundraising$1,085FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Program/curriculum materials$104,294$104,172$122
Staff Training/Development$18,785$10,640$4,797$3,348
Dues & subscriptions$16,787$9,675$4,587$2,525
Other expenses$10,737$36$10,701

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,563,396TotalAmt
Program Services$1,276,036ProgramServicesAmt
Management And General$956,461ManagementAndGeneralAmt
Fundraising$330,899FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,669,189BOYAmt
EOY$241,101EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$316,702BOYAmt
EOY$2,274,669EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,143,844BOYAmt
EOY$460,703EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$8,860BOYAmt
EOY$10,203EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$14,547BOYAmt
EOY$37,392EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$27,960LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$24,527LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$5,913BOYAmt
EOY$3,433EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,159,055BOYAmt
EOY$3,027,501EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$194,034BOYAmt
EOY$264,124EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$435,300BOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$629,334BOYAmt
EOY$264,124EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,295,001BOYAmt
EOY$2,302,673EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,234,720BOYAmt
EOY$460,704EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,529,721BOYAmt
EOY$2,763,377EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,159,055BOYAmt
EOY$3,027,501EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$199,721ReconcilationRevenueExpnssAmt
Donated Services And Use Fclts$33,935DonatedServicesAndUseFcltsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,866,008CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,642,836CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,267,512CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,182,894CurrentTaxYearMinus1YearAmt
Current Tax Year$2,448,034CurrentTaxYearAmt
Total$13,407,284TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,866,008CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,642,836CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,267,512CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,182,894CurrentTaxYearMinus1YearAmt
Current Tax Year$2,448,034CurrentTaxYearAmt
Total$13,407,284TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$4,539,153SubstantialContributorsTotAmt
Public Support Total170$8,868,131PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$198CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$329CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$504CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$858CurrentTaxYearMinus1YearAmt
Current Tax Year$1,226CurrentTaxYearAmt
Total$3,115TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,783CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,500CurrentTaxYearMinus3YearsAmt
Current Tax Year$831CurrentTaxYearAmt
Total$10,114TotalAmt
FieldValueIRS element (for citing)
Total Support$13,420,513TotalSupportAmt
Gross Receipts Rltd Activities$4,005,004GrossReceiptsRltdActivitiesAmt
Public Support CY1700.66080PublicSupportCY170Pct
Public Support PY1700.65530PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSupport Schedule: Other Income ExplanationFormAndLineReferenceDesc
ExplanationFrom time to time, miscellaneous amounts are received during the course of performing the organization's tax-exempt function.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$27,960OtherCostOrOtherBasisAmt
Depreciation$24,527DepreciationAmt
Book Value$3,433BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$3,433TotalBookValueLandBuildingsAmt
Total Rev Etc Audited Fincl Stmt$2,907,677TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$144,560DonatedServicesAndUseFcltsAmt
Revenue Not Reported$144,560RevenueNotReportedAmt
Revenue Subtotal$2,763,117RevenueSubtotalAmt
Total Revenue Per Form990$2,763,117TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,707,956TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$144,560DonatedServicesUseFcltsAmt
Expenses Not Reported$144,560ExpensesNotReportedAmt
Expenses Subtotal$2,563,396ExpensesSubtotalAmt
Total Expenses Per Form990$2,563,396TotalExpensesPerForm990Amt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Independent ConsultantYes (X)IndependentConsultantInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonYoon ChoiPersonNm
TitleCEOTitleTxt
Base Compensation Filing Org$186,263BaseCompensationFilingOrgAmt
Bonus Filing Organization$1,000BonusFilingOrganizationAmount
Other Compensation Filing Org$58OtherCompensationFilingOrgAmt
Nontaxable Benefits Filing Org$568NontaxableBenefitsFilingOrgAmt
Total Compensation Filing Org$187,889TotalCompensationFilingOrgAmt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution3ContributionCnt
Noncash Contributions Rpt F990$33,935NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsfalseReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Line 4: Description of Significant Changes to Organizational DocumentsUpdated address; increased Board of Directors size from a minimum of 3 and maximum of 9 members to a minimum of 3 and maximum of 25 members; removed requirement that Board Member's terms be staggered.
Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of MeetingsCollegeSpring maintains minutes for the Board meetings, but does not maintain minutes for all committees of the Board. Each Committee Chair delivers a written and verbal update to the Board of Directors on a quarterly basis outlining key findings and decisions of the committee.
Form 990, Part VI, Line 11b: Form 990 Review ProcessDraft Form 990 will be provided to all voting members prior to finalization via email for approval.
Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of ConflictsThe Board of Directors, Officers, and Key Employees (Covered Person) are required to sign a conflict of interest policy and disclosure annually. Each Covered Person has an ongoing obligation to disclose any actual or potential conflict of interest as soon as it is known or reasonably should be known. Should an actual or potential conflict arise, the Covered Person is required to promptly submit a Disclosure Statement to the Board disclosing in good faith all relevant material facts. If it is determined that an actual or potential conflict of interest exists between the interests of the Corporation and a Covered Person with respect to a specific proposed action or transaction, the Corporation shall refrain from the proposed action or transaction until such time as the proposed action or transaction has been approved by the disinterested Directors. The minutes of the meeting shall reflect that the conflict of interest disclosure was made, the vote taken and, where appropriate, the abstention from voting and participation by the Covered Person. CollegeSpring maintains a conflict of interest policy for employees as well. Every employee, upon hire, is required to acknowledge and sign this conflict of interest policy. This policy is easily accessible within the payroll system and in the employee handbook and contains specific examples of prohibited activities and obligations to notify management in the event of a potential or perceived conflict.
Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top ManagementOur annual review process of the CEO begins with a written self-evaluation prepared by the CEO against previously established goals and objectives for the year. This document is then circulated to the full Board for comment and is discussed in an Executive Session led by the Board Chair. The Board Chair makes a recommendation for any salary change and bonus for the CEO based this performance and on a periodic review of the compensation of the CEOs of comparable organizations. This review may include the review of the 990s of these organizations, data obtained form outside consultants, or other data as deemed relevant. This recommendation is discussed, amended if necessary, and then approved by the full Board functioning as the Compensation Committee. Following approval by the Board, the Chair, joined by the Chairs of the Finance and the Nominating and Governance Committees meet with the CEO in a formal performance and compensation review, which is then documented in writing. The compensation of the direct reports to the CEO is set annually based on the recommendations of the CEO, and approved by the Board.
Form 990, Part VI, Line 19: Other Organization Documents Publicly AvailableGoverning documents, policies, and financial statements will be provided upon request. Annual Reports and Financial Statements may be viewed on the Organization's website.

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