Cowden Street Collaborative INC

Tax-deductible

Central Falls, RI501(c)(3)Since 2009EducationEIN 26-4751210

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Our mission is to cultivate a community where students take ownership of their education, preparing them to excel in high school, college, and beyond. We provide a rigorous academic experience that empowers scholars to view themselves as agents of change in their communities.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Run by 100 volunteers and 118 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $846K a year · 12% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$926K
to officers and key staff · 8% of spending
Top officer’s pay higher than 58% of similar orgs
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 12.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $155K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$20.9M
74% of total assets
Worth a look: liabilities are 74% of assets; over 65%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.8M
+25% vs prior year
Spent
$11.3M
To programs
83%
Net assets
$7.3M
By yearFY2021–FY2024
Revenue
$11.8M
FY2024▲ +25%
Revenue by fiscal year
FY2021$5.4M
FY2022$6.1M
FY2023$7.2M
FY2024$9.4M
FY2024$11.8M
Expenses
$11.3M
FY2024▲ +31%
Expenses by fiscal year
FY2021$4.7M
FY2022$5.2M
FY2023$6.2M
FY2024$8.6M
FY2024$11.3M
Net assets
$7.3M
FY2024▲ +2%
Net assets by fiscal year
FY2021$4.4M
FY2022$5.4M
FY2023$6.3M
FY2024$7.2M
FY2024$7.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $9.4M Management & general 16% · $1.9M Fundraising 1% · $85K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990; $926K paid to officers and key staff.

Part VII, Section A · reportable compensation
Founder and Executive Director
$272,209Pt VII · Sec A
Superintendent
$180,777Pt VII · Sec A
High School Principal
$124,269Pt VII · Sec A
Elementary/Middle School Principal
$119,426Pt VII · Sec A
Director of Finance
$118,287Pt VII · Sec A
Director of Facilities and Safety
$111,248Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Angelo Garcia’s $272K as Founder and Executive Director is at the 58th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Angelo Garcia$272,209$230,273$208,929$184,720$142,793
Melissa Lourenco$180,777$136,069$127,719$109,454—
Mimi Tsiane$124,269————
Kevin Montoya$119,426————
Ann Manocchio$118,287$107,518$115,290$98,908$94,124
Joshua Laboissonniere$111,248————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Cowden Street Collaborative INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides education and social services to youth and families in Central Falls, RI.

Provided by the organization

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2 programs · $9.4M · in their own filed words · FY2024
01

Rhode island charter school with approximately 460 students completing grades kindergarten through 9TH

$8.5Mprogram expense
02

The school has a licensed food bank which is run by parent volunteers of the school for the benefit of the public. Additionally, the school received grants to provide assistance to families in need with disbursements made for food in FY25.

$843Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Charter Fund INCFY2024$150K
Total grants receivedfrom 2 funders$155K
Grants paid · 3 grants · $110K · 2020–2023
Unitemized GrantFY2023$12,849
Unitemized GrantFY2022$46,861
Unitemized GrantFY2020$50,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$11.8M
Ln 12
Fees for servicesLn 2g$8.8M
Gifts and grantsLn 1h$2.8M
Investment incomeLn 3$205K
Money outPt IX
$11.3M
Ln 25
Programscol B$9.4M
Managementcol C$1.9M
Fundraisingcol D$85K
Owns and owesPt X
$7.3M
net assets · Ln 32
Cash and savingsLn 1–2$11.9M
Total assetsLn 16$28.2M
LiabilitiesLn 26$20.9M
PeoplePt VI, VII
16
listed · VII A
PaidVII A6
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.8M
Government grantsLn 1e$1.6M
Noncash giftsLn 1g$843K
Fees for servicesLn 2g$8.8M
Investment incomeLn 3$205K
Other incomeLn 4–11$28K
Total revenueLn 12$11.8M
Assets in detailPt X, end of year
CashLn 1$1K
SavingsLn 2$11.9M
Cash and savings togetherLn 1–2$11.9M
Land, buildings, equipmentLn 10c$14.6M
Other assetsLn 15$68K
Total assetsLn 16$28.2M
LiabilitiesLn 26$20.9M
Net assetsLn 32$7.3M
OperationsPt I, VI
EmployeesI 5118
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.9M$11.9M
Land, buildings, equipmentLn 10c$4.6M$14.6M
Total assetsLn 16$7.6M$28.2M
LiabilitiesLn 26$439K$20.9M
Net assetsLn 32$7.2M$7.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$924K$746K$169K$9K
Other salaries and wagesLn 7$4.7M$3.8M$856K$45K
Pension plan contributionsLn 8$423K$413K$9K$2K
Other employee benefitsLn 9$511K$499K$10K$2K
Payroll taxesLn 10$475K$384K$87K$5K
Legal feesLn 11b$18K$18K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$431K$343K$64K$23K
Information technologyLn 14$188K$188K
OccupancyLn 16$131K$87K$44K
TravelLn 17$23K$18K$5K
InterestLn 20$186K$186K
Depreciation, depletion and amortizationLn 22$455K$364K$91K
InsuranceLn 23$144K$104K$39K
Other expenses (24a–d)Ln 24$2.5M$2.3M$226K
All other expensesLn 24e$195K$143K$51K$260
Total functional expensesLn 25$11.3M$9.4M$1.9M$85K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $9.4M$8.6M$806K$7.2M 990 PDF
FY2023 $7.2M$6.2M$932K$6.3M 990 PDF
FY2022 $6.1M$5.2M$959K$5.4M 990 PDF
FY2021 $5.4M$4.7M$686K$4.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $11,826,439 across 8 lines filed
Lines not itemized here account for −$9,839 of total revenue; see the IRS return.
VIII-1e Government grants$1,578,714
VIII-1f All other contributions, gifts and grants$1,194,068
VIII-1g Noncash contributions (included above)$843,427
VIII-1h Total contributions, gifts and grants$2,772,782
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,820,546$8,820,546
VIII-3 Investment incomeExcluded from tax $205,138$205,138
VIII-6 Net rental income or lossRelated to mission $37,812$37,812
VIII-12 Total revenueRelated to mission $8,848,519 · Unrelated business $0 · Excluded from tax $205,138$11,826,439
Part IX · Statement of functional expenses $11,306,747 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $746,275 · Management $168,911 · Fundraising $8,862$924,048
IX-7 Other salaries and wagesPrograms $3,779,885 · Management $855,534 · Fundraising $44,887$4,680,306
IX-8 Pension plan contributionsPrograms $413,209 · Management $8,682 · Fundraising $1,559$423,450
IX-9 Other employee benefitsPrograms $498,880 · Management $10,481 · Fundraising $1,883$511,244
IX-10 Payroll taxesPrograms $383,973 · Management $86,909 · Fundraising $4,559$475,441
IX-11b Legal feesManagement $17,552$17,552
IX-11c Accounting feesManagement $2,720$2,720
IX-11g Other fees for servicesPrograms $343,419 · Management $64,106 · Fundraising $23,253$430,778
IX-14 Information technologyPrograms $188,258$188,258
IX-16 OccupancyPrograms $87,313 · Management $43,830$131,143
IX-17 TravelPrograms $17,786 · Management $4,841$22,627
IX-20 InterestManagement $185,666$185,666
IX-22 Depreciation, depletion and amortizationPrograms $364,049 · Management $91,013$455,062
IX-23 InsurancePrograms $104,006 · Management $39,498$143,504
IX-24 Other expenses (24a–d)Programs $2,294,119 · Management $226,186$2,520,305
IX-24e All other expensesPrograms $143,184 · Management $51,199 · Fundraising $260$194,643
IX-25 Total functional expensesPrograms $9,364,356 · Management $1,857,128 · Fundraising $85,263$11,306,747
Part X · Balance sheet $28,208,241 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $1,000$1,000
X-2 Savings and temporary cash investmentsStart of year $1,866,473$11,918,854
X-3 Pledges and grants receivableStart of year $795,220$926,979
X-4 Accounts receivableStart of year $89,567$449,253
X-8 Inventories for sale or useStart of year $55,651$84,526
X-9 Prepaid expenses and deferred chargesStart of year $65,327$43,323
X-10c Land, buildings and equipment, netStart of year $4,630,183$14,558,694
X-14 Intangible assets$158,021
X-15 Other assetsStart of year $93,391$67,591
X-16 Total assetsStart of year $7,596,812$28,208,241
X-17 Accounts payable and accrued expensesStart of year $164,080$314,052
X-20 Tax-exempt bond liabilities$20,000,000
X-24 Unsecured notes and loans payableStart of year $162,128$125,903
X-25 Other liabilitiesStart of year $112,539$476,084
X-26 Total liabilitiesStart of year $438,747$20,916,039
X-27 Net assets without donor restrictionsStart of year $6,959,738$7,150,204
X-28 Net assets with donor restrictionsStart of year $198,327$141,998
X-32 Total net assets or fund balancesStart of year $7,158,065$7,292,202
X-33 Total liabilities and net assetsStart of year $7,596,812$28,208,241
Part XI · Reconciliation of net assets $7,292,202 net assets at year end
XI-1 Total revenue$11,826,439
XI-2 Total expenses$11,306,747
XI-3 Revenue less expenses$519,692
XI-4 Net assets at start of year$7,158,065
XI-5 Net unrealized gains (losses) on investments−$385,555
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,292,202

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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