Creating Opportunities for Educational Development FY2024 filing

Tax-deductible

W Sacramento, CA501(c)(3)EducationEIN 27-2973078Revenue $48K in FY2024

On file with the IRScoedscholarship.org2891 Pegler CT, 95691-5323 · W Sacramento, CATax-exempt since Sep 2010Publicly supported charity — 170(b)(1)(A)(vi)

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The organization raises funds to provide educational scholarships (college education) to indigent students who are deserving of getting a college education based on their academic and extra curricular performance in high school. However, they cannot afford to attend university and go to college since their families are very poor and their parents cannot afford to send them to school. The students and their families live in poverty. In addition to the inability to go to school, these students are also expected to earn a living for their families, therefore going to college is not an option for them without a scholarship.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
33 mo
of spending, in cash
Looks good: 33.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $23K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$48K
+201% vs prior year
Spent
$21K
To programs
93%
Net assets
$57K
By yearFY2020–FY2025
Revenue
$48K
FY2024▲ +201%
Tap a bar for its year
Revenue by fiscal year
FY2020$14K
FY2021$19K
FY2022$16K
FY2023$16K
FY2024$48K
FY2025$18K
Net assets
$57K
FY2024▲ +94%
Tap a bar for its year
Net assets by fiscal year
FY2020$22K
FY2021$29K
FY2022$28K
FY2023$30K
FY2024$57K
FY2025$46K

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2010.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $19K Management & general 7% · $1K Fundraising 0% · $50

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Board of Director
$0Pt VII · Sec A
Board of Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board of Director
$0Pt VII · Sec A
Board of Director
$0Pt VII · Sec A
See Creating Opportunities for Educational Development 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 15aNo

Programs and updates

Provides college scholarships for poor, academically strong students who can't afford tuition.

Questions for Creating Opportunities for Educational Development

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Provided by the organization

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3 programs · $18K · in their own filed words · FY2024
01

In 2019, COED initiated an effort to reach out to the indigenous tribe of the Philippines, the Aetas of Tarlac. The tribe lives in the mountains of Tarlac and education is very hard to achieve. There are very few children who finish elementary school, let alone high school or achieve a college degree.

$9Kprogram expense
02

For the year 2023, the program provided financial assistance to a total of 10 indigent college students attending universities in the Philippines. Three of the 10 students were new to the scholarship program in 2023.

$9Kprogram expense
03

In 2023, COED continued to provide scholarships to two students in California. They are both graduates of River City High School in West Sacramento. The students are attending California Polytechnic University in San Luis Obispo and UC Berkeley.

$500program expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 2 funders$23K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$48K
Ln 12
Gifts and grantsLn 1h$48K
Investment incomeLn 3$443
Money outPt IX
$21K
Ln 25
Programscol B$19K
Managementcol C$1K
Fundraisingcol D$50
Owns and owesPt X
$57K
net assets · Ln 32
Cash and savingsLn 1–2$57K
Total assetsLn 16$57K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$48K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$13K
Investment incomeLn 3$443
Total revenueLn 12$48K
Assets in detailPt X, end of year
SavingsLn 2$57K
Cash and savings togetherLn 1–2$57K
Total assetsLn 16$57K
LiabilitiesLn 26$0
Net assetsLn 32$57K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$30K$57K
Total assetsLn 16$30K$57K
LiabilitiesLn 26$0$0
Net assetsLn 32$30K$57K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$500$500
Grants and assistance to foreign recipientsLn 3$19K$19K
Accounting feesLn 11c$295$295
Professional fundraising feesLn 11e$50$50
Other fees for servicesLn 11g$723$723
Office expensesLn 13$447$447
Total functional expensesLn 25$21K$19K$1K$50

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $18K$46K 990 PDF
FY2024 Viewing $48K$21K$28K$57K 990 PDF
FY2023 $16K$30K 990 PDF
FY2022 $16K$28K 990 PDF
FY2021 $19K$29K 990 PDF
FY2020 $14K$22K 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 (6 parts)
Part I · Summary $48,423 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,353$47,980
I-9 Program service revenue$0
I-10 Investment incomePrior year $18$443
I-11 Other revenuePrior year $8,819$0
I-12 Total revenuePrior year $16,190$48,423
I-13 Grants and similar amounts paidPrior year $13,866$19,061
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising feesPrior year $125$50
I-17 Other expensesPrior year $839$1,465
I-18 Total expensesPrior year $14,830$20,576
I-19 Revenue less expensesPrior year $1,360$27,847
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $48,423 across 11 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$13,106
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$34,874
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$47,980
VIII-3 Investment incomeRelated to mission $443 · Unrelated business $0 · Excluded from tax $0$443
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $443 · Unrelated business $0 · Excluded from tax $0$48,423
Part IX · Statement of functional expenses $20,576 across 6 lines filed
IX-2 Grants to domestic individualsPrograms $500$500
IX-3 Grants and assistance to foreign recipientsPrograms $18,561$18,561
IX-11c Accounting feesManagement $295$295
IX-11e Professional fundraising feesFundraising $50$50
IX-11g Other fees for servicesManagement $723$723
IX-13 Office expensesManagement $447$447
IX-25 Total functional expensesPrograms $19,061 · Management $1,465 · Fundraising $50$20,576
Part X · Balance sheet $57,351 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $29,504$57,351
X-16 Total assetsStart of year $29,504$57,351
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $29,504$57,351
X-33 Total liabilities and net assetsStart of year $29,504$57,351
Part XI · Reconciliation of net assets $57,351 net assets at year end
XI-1 Total revenue$48,423
XI-2 Total expenses$20,576
XI-3 Revenue less expenses$27,847
XI-4 Net assets at start of year$29,504
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$57,351

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

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