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College Enterprises INC

Williamsburg, VAHigher education institution EIN 54-1838292Revenue $31K in FY2021

On file with the IRSPo Box 8795 · Williamsburg, VA

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College Enterprises INC. Provides voice, video, cable, telecommunications and related or similar systems, equipment and assets along with the operation and management of same for the use and benefit of students, faculty, and staff of the College of william & mary.

100¢ of each $1 spent went to programs.
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $253K a year · 76% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$31K
-95% vs prior year
Spent
$55K
To programs
100%
Net assets
$0
By yearFY2020–FY2021
Revenue
$31K
FY2021▼ -95%
Tap a bar for its year
Revenue by fiscal year
FY2020$631K
FY2021$31K
Expenses
$55K
FY2021▼ -95%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$55K
Net assets
$0
FY2021▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.7M
FY2021$0

From the FY2021 Form 990 (year ending February 2021) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $55K

Form 990 Part IX, line 25. 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 · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Michael K Powell
Director/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Amy S Sebring
COO College of William & Mary/Secretary
$0Pt VII · Sec A
Ed Arachting
Ex-Oficio/CIO College of William & Mary
$0Pt VII · Sec A
Peter C Kellogg
Director of Information Security College of William & Mary
$0Pt VII · Sec A
Samuel E Jones
Former W&m Senior VP Finance/Administration/Secretary (end June 11 2020)
$0Pt VII · Sec A
See College Enterprises 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 15aNo

Programs and updates

Manages and operates college communication systems and equipment for students and staff.

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Provided by the organization

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1 program · $55K · in their own filed words · FY2020
01

Provide voice, video, cable, telecommunications and related or similar systems, equipment and assets along with the operation and management of same for the use and benefit of students, faculty and staff of the college of william & mary.

$55Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$31K
Ln 12
Fees for servicesLn 2g$31K
Investment incomeLn 3$280
Money outPt IX
$55K
Ln 25
Programscol B$55K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$31K
Investment incomeLn 3$280
Total revenueLn 12$31K
Assets in detailPt X, end of year
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderFebruary
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 FY21End FY21
Total assetsLn 16$1.7M$0
LiabilitiesLn 26$0$0
Net assetsLn 32$1.7M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$0$0$0$0
InsuranceLn 23$133$133
Other expenses (24a–d)Ln 24$51K$51K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$55K$55K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $31K$55K−$24K$0 990 PDF
FY2020 $631K$1.1M−$482K$1.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $30,878 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $628,272$30,598
I-10 Investment incomePrior year $3,176$280
I-11 Other revenue$0
I-12 Total revenuePrior year $631,448$30,878
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,113,821$54,535
I-18 Total expensesPrior year $1,113,821$54,535
I-19 Revenue less expensesPrior year −$482,373−$23,657
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $30,878 across 4 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $30,598$30,598
VIII-3 Investment incomeExcluded from tax $280$280
VIII-12 Total revenueRelated to mission $30,598 · Unrelated business $0 · Excluded from tax $280$30,878
Part IX · Statement of functional expenses $54,535 across 6 lines filed
IX-11b Legal feesPrograms $2,283$2,283
IX-11c Accounting feesPrograms $1,011$1,011
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $133$133
IX-24 Other expenses (24a–d)Programs $51,108$51,108
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $54,535 · Management $0 · Fundraising $0$54,535
Part X · Balance sheet $0 assets, 6 lines filed
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $1,684,140$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,684,140$0
X-33 Total liabilities and net assetsStart of year $1,684,140$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$30,878
XI-2 Total expenses$54,535
XI-3 Revenue less expenses−$23,657
XI-4 Net assets at start of year$1,684,140
XI-9 Other changes in net assets−$1,660,483
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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