College Assistance Program INC FY2023 filing

Miami, FLHigher education institutionEIN 65-0082772

To assist miami-dade county public school students who have exhausted all avenues of financial assistance

88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
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
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $122K a year · 16% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $27K
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
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+33% vs prior year
Spent
$635K
To programs
88%
Net assets
$5.3M
By yearFY2020–FY2025
Revenue
$1.2M
FY2023▲ +33%
Revenue by fiscal year
FY2020$255K
FY2021$529K
FY2022$904K
FY2023$1.2M
FY2024$361K
FY2025$1.2M
FY2025$933K
Expenses
$635K
FY2023▲ +26%
Expenses by fiscal year
FY2020$244K
FY2021$196K
FY2022$504K
FY2023$635K
FY2024$997K
FY2025$1.2M
FY2025$6.2M
Net assets
$5.3M
FY2023▲ +15%
Net assets by fiscal year
FY2020$4.0M
FY2021$5.2M
FY2022$4.6M
FY2023$5.3M
FY2024$5.0M
FY2025$5.2M
FY2025$0

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $557K Management & general 12% · $78K

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

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$0Pt VII · Sec A
Treasurer and Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See College Assistance Program 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

Helps Miami-Dade students find financial aid when other options are gone.

Provided by the organization

This section is blank until College Assistance Program INC claims this page.

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1 program service account for $557K of program spending, described in the organization's own filed words · FY2022.
01

The college assistance program, inc. Is a nonprofit organization which operates with full cooperation of miami-dade county public schools and the miami foundation, formerly dade community foundation. The program provides last dollar scholarship grants to miami-dade county public school graduates.

$557Kprogram expense

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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
Total grants receivedfrom 2 funders$27K
Grants paid · 8 grants · $9.4M · 2019–2025
The Miami Foundation INCFL · FY2025$5,777,399
Unitemized GrantFY2025$334,483
Unitemized GrantFY2024$1,078,542
Unitemized GrantFY2023$929,125
Unitemized GrantFY2022$556,780
Unitemized GrantFY2021$428,125
Unitemized GrantFY2020$147,690
Unitemized GrantFY2019$197,288

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$920K
Investment incomeLn 3$280K
Money outPt IX
$635K
Ln 25
Programscol B$557K
Managementcol C$78K
Owns and owesPt X
$5.3M
net assets · Ln 32
Cash and savingsLn 1–2$11K
Total assetsLn 16$5.3M
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$920K
Investment incomeLn 3$280K
Gains on assetsLn 7$159K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$11K
Cash and savings togetherLn 1–2$11K
InvestmentsLn 11–13$5.3M
Total assetsLn 16$5.3M
LiabilitiesLn 26$0
Net assetsLn 32$5.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderJune
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 FY23End FY23
Cash and savingsLn 1–2$137K$11K
InvestmentsLn 11–13$4.5M$5.3M
Total assetsLn 16$4.6M$5.3M
LiabilitiesLn 26$0$0
Net assetsLn 32$4.6M$5.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$557K$557K
Management feesLn 11a$45K$45K
Investment management feesLn 11f$19K$19K
Other fees for servicesLn 11g$14K$14K
Total functional expensesLn 25$635K$557K$78K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 $1.2M$1.2M$58K$5.2M 990 PDF
FY2024 $361K$997K−$636K$5.0M 990 PDF
FY2023 Viewing $1.2M$635K$565K$5.3M 990 PDF
FY2022 $904K$504K$400K$4.6M 990 PDF
FY2021 $529K$196K$333K$5.2M 990 PDF
FY2020 $255K$244K$11K$4.0M 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $1,200,144 across 5 lines filed
VIII-1f All other contributions, gifts and grants$920,017
VIII-1h Total contributions, gifts and grants$920,017
VIII-3 Investment incomeExcluded from tax $121,317$121,317
VIII-7 Net gain or loss on sales of assetsRelated to mission $158,810$158,810
VIII-12 Total revenueRelated to mission $158,810 · Unrelated business $0 · Excluded from tax $121,317$1,200,144
Part IX · Statement of functional expenses $635,278 across 4 lines filed
IX-2 Grants to domestic individualsPrograms $556,780$556,780
IX-11a Management feesManagement $44,989$44,989
IX-11f Investment management feesManagement $19,196$19,196
IX-11g Other fees for servicesManagement $14,313$14,313
IX-25 Total functional expensesPrograms $556,780 · Management $78,498 · Fundraising $0$635,278
Part X · Balance sheet $5,336,130 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $136,980$10,638
X-11 Publicly traded securitiesStart of year $4,505,606$5,325,492
X-16 Total assetsStart of year $4,642,586$5,336,130
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $4,642,586$5,336,130
X-32 Total net assets or fund balancesStart of year $4,642,586$5,336,130
X-33 Total liabilities and net assetsStart of year $4,642,586$5,336,130
Part XI · Reconciliation of net assets $5,336,130 net assets at year end
XI-1 Total revenue$1,200,144
XI-2 Total expenses$635,278
XI-3 Revenue less expenses$564,866
XI-4 Net assets at start of year$4,642,586
XI-5 Net unrealized gains (losses) on investments$128,678
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,336,130

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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