Alignment Collaborative for Education INC EIN 47-4377813

Alignment Collaborative for Education INC FY2023 filing

EIN  47-4377813 Public charity (501(c)(3)) Elgin, IL
Form 990 (PDF)
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Size
$100K–1M
What they do
Connects community resources to boost student achievement and well-being.
Leadership
Nancy Coleman · Executive Di · $90K
Money in and out
$414K revenue, $368K expenses
Bottom line
65% program efficiency

Connects community resources to boost student achievement and well-being. For fiscal year 2023 it reported $414K in revenue, $368K in expenses, and $295K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$414K
Pt VIII · Ln 12
Total expenses
$368K
Pt IX · Ln 25
Net assets
$295K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $46K
Where spending went · Part IX cols B–D
Program services $0.65 Management & general $0.31 Fundraising $0.04
Program efficiency
65%
of spending reaches programs
Operating runway
8.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+11%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$414K
FY2023▲ +90%
Expenses
$368K
FY2023▲ +57%
Total assets
$300K
FY2023▲ +18%
Total liabilities
$5K
FY2023▲ +4%
Total revenue
$414K
Pt VIII · Ln 12
Total expenses
$368K
Pt IX · Ln 25
Net assets
$295K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$46K
Total assetsPt X · Ln 16$300K
Program-expense ratioPt IX · col B65%
Voting members of governing bodyPt I · Ln 332
Independent voting membersPt I · Ln 432
Mission & Programs · Part III

Where the work happens

1 program service account for $240K of program spending, described in the organization's own filed words · FY2022.
01

Ace employs a multifaceted approach which is necessary to ensuring generational change that focuses on those who need the most support. This is implemented via teams including: "children prepared to learn & succeed" (assuring that every student is prepared with the skills needed to enter kindergarten and instilled with a love of learning…

$240Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAlignment Collaborative for Education INC
EINHdr · item D47-4377813
Principal addressHdr · item CElgin, IL
WebsiteHdr · item Jwww.align4edu.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFMar 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a32
Independent voting membersPt VI · Ln 1b32
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Di
$90,000Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Operating Bd
$0Pt VII · Sec A
Resource Dev
$0Pt VII · Sec A
Resource Dev
$0Pt VII · Sec A
$0Pt VII · Sec A

Nancy Coleman’s $105K as Executive Di is at the 86th percentile of top reported officer pay among 1616 $100K–1M 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Nancy Coleman$105,000$99,461$90,000$85,875$87,231

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.

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Statement of Revenue

Part VIII
Contributions & grants$408K · 99%
Other revenue$5K · 1%
Contributions & grants99%$408K
Other revenue1%$5K
Investment income$83
Total revenueLn 12$414K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.65 Management & general $0.31 Fundraising $0.04
Program services65%$240K
Management & general31%$115K
Fundraising4%$14K
Total functional expensesLn 25$368K

Balance Sheet

Part X · end of year
CashLn 1$262K
Total assetsLn 16$300K
Total liabilitiesLn 26$5K
Total net assetsLn 32$295K
Months of cash on handcomputed8.6

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $262K · Operating expenses (Pt IX) $368K · Less non-cash grants $8K · Cash operating expenses/yr $359K
8.8 months
Where the money goes
Program services
Program services $240K · Total expenses $368K
65%
Management & General
Management & general $115K · Total expenses $368K
31%
Fundraising
Fundraising $14K · Total expenses $368K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $10K · Solicited contributions (3-yr avg) $284K
$0.04 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $408K · Total revenue $414K
99%
Government reliance
Government grants — · Total revenue $414K
Earned-income share
Program service revenue $0 · Total revenue $414K
0%
Investment reliance
Investment income $83 · Total revenue $414K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $368K
0%
Growth & trend
Revenue growth (YoY)
This year $414K · Prior year $217K
+90%
Net-asset trend (YoY)
End of year $295K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $414K · Expenses $368K
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $300K
Net-asset ratio
Net assets $295K · Total assets $300K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $300K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Nancy Coleman · Reported title EXECUTIVE DI · Highest reported compensation $90K · Total expenses $368K
24%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $227K · Total expenses $368K
62%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 65%
Overhead ratio 31%
Fundraising cost ratio 3%
Revenue growth 90%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$671K revenue · ⤓ 990 PDF
FY2024$517K revenue · ⤓ 990 PDF
FY2023$414K revenue · viewing · ⤓ 990 PDF
FY2022$217K revenue · ⤓ 990 PDF
FY2021$255K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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