College Track FY2024 filing

Tax-deductible

Oakland, CA501(c)(3)Since 1997EducationEIN 94-3279613

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501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$3.7M paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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 5
filings with a surplus
Average surplus $6.7M a year · 16% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.7M
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Looks good: 11.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $320K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$31.3M
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$62.4M
+39% vs prior year
Spent
$43.0M
To programs
78%
Net assets
$79.5M
By yearFY2020–FY2024
Revenue
$62.4M
FY2024▲ +39%
Revenue by fiscal year
FY2020$30.5M
FY2021$42.7M
FY2022$27.5M
FY2023$45.0M
FY2024$62.4M
FY2024$54.4M
Expenses
$43.0M
FY2024▲ +8%
Expenses by fiscal year
FY2020$28.0M
FY2021$28.7M
FY2022$35.1M
FY2023$40.0M
FY2024$43.0M
FY2024$47.1M
Net assets
$79.5M
FY2024▲ +33%
Net assets by fiscal year
FY2020$47.1M
FY2021$61.3M
FY2022$54.1M
FY2023$60.0M
FY2024$79.5M
FY2024$86.7M

From the FY2024 Form 990 (year ending June 2024) · 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 Oct 1997.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $33.5M Management & general 13% · $5.8M Fundraising 9% · $3.8M

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

35 people listed on the 990; $3.7M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President & Chief Executive Officer
$569,992Pt VII · Sec A
VP, Site Support Until 7/23
$337,141Pt VII · Sec A
Exe VP & COO Until 3/23
$321,832Pt VII · Sec A
Chief Finance & Operating Officer
$279,668Pt VII · Sec A
Chief Philanthropy Officer
$274,633Pt VII · Sec A
Chief of Education
$271,137Pt VII · Sec A
Chief of Staff
$260,051Pt VII · Sec A
Vice President, Site Strategy
$212,767Pt VII · Sec A

Collado Shirley’s $598K as President & Chief Exe. Officer is at the 94th 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 · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Collado Shirley$598,106$569,992$650,869———
Lott Marshall V—$337,141$169,633———
De Souza Bransten Leela—$113,846$325,307$286,226——
Brankman Joshua David—$321,832$247,031———
Elissa Salas————$305,355$268,894
Julia Chih——$53,898$301,888——
Draper Karen$294,346$279,668$273,855$217,810——
Embury Nicole$286,134$274,633$162,125$140,116——

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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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

Equips students facing systemic barriers with the comprehensive support, resources, and mentorship needed to access, persist in, and graduate from four-year colleges.

Provided by the organization

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1 program service account for $33.5M of program spending, described in the organization's own filed words · FY2023.
01

Equipped 4,052 scholars to advance towards bachelor's degrees, and provided resources to a growing alumni network of 1,388 college graduates. Our class of 2024 high school seniors had an average gpa at graduation of 3.52, with 99% accepted into at least one four-year college and 99% matriculating to a two-year or four-year college.

$33.5Mprogram 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 · FY2025
See all 5 funders →
Grants paid · 5 grants · $13.2M · 2019–2024
Unitemized GrantFY2024$789,739
Unitemized GrantFY2023$2,109,672
Unitemized GrantFY2022$4,004,924
Unitemized GrantFY2020$2,508,075
Unitemized GrantFY2019$3,777,770

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$62.4M
Ln 12
Gifts and grantsLn 1h$61.2M
Investment incomeLn 3$1.4M
Money outPt IX
$43.0M
Ln 25
Programscol B$33.5M
Managementcol C$5.8M
Fundraisingcol D$3.8M
Owns and owesPt X
$79.5M
net assets · Ln 32
Cash and savingsLn 1–2$40.6M
Total assetsLn 16$110.8M
LiabilitiesLn 26$31.3M
PeoplePt VI, VII
35
listed · VII A
PaidVII A15
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$61.2M
Government grantsLn 1e$762K
Noncash giftsLn 1g$3.1M
Fundraising eventsLn 1c$5.6M
Investment incomeLn 3$1.4M
Gains on assetsLn 7$673K
Total revenueLn 12$62.4M
Assets in detailPt X, end of year
CashLn 1$8.1M
SavingsLn 2$32.4M
Cash and savings togetherLn 1–2$40.6M
Land, buildings, equipmentLn 10c$10.9M
Other assetsLn 15$20.9M
Total assetsLn 16$110.8M
LiabilitiesLn 26$31.3M
Net assetsLn 32$79.5M
OperationsPt I, VI
EmployeesI 5292
VolunteersI 628
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 FY24End FY24
Cash and savingsLn 1–2$38.6M$40.6M
Land, buildings, equipmentLn 10c$10.5M$10.9M
Total assetsLn 16$93.7M$110.8M
LiabilitiesLn 26$33.7M$31.3M
Net assetsLn 32$60.0M$79.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$2.1M$2.1M
Pay of current officers, directors and key staffLn 5$2.2M$1.1M$536K$550K
Other salaries and wagesLn 7$20.6M$16.6M$2.3M$1.8M
Pension plan contributionsLn 8$577K$444K$67K$66K
Other employee benefitsLn 9$2.4M$2.0M$169K$197K
Payroll taxesLn 10$1.7M$1.4M$204K$162K
Legal feesLn 11b$236K$134K$64K$38K
Accounting feesLn 11c$22K$12K$6K$3K
Other fees for servicesLn 11g$1.9M$1.1M$513K$300K
Office expensesLn 13$827K$747K$49K$31K
Information technologyLn 14$872K$529K$305K$37K
OccupancyLn 16$5.3M$4.5M$742K$103K
TravelLn 17$1.4M$1.2M$101K$106K
Depreciation, depletion and amortizationLn 22$968K$834K$134K
Other expenses (24a–d)Ln 24$1.8M$829K$608K$389K
Total functional expensesLn 25$43.0M$33.5M$5.8M$3.8M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $62.4M$43.0M$19.4M$79.5M 990 PDF
FY2023 $45.0M$40.0M$5.1M$60.0M 990 PDF
FY2022 $27.5M$35.1M−$7.6M$54.1M 990 PDF
FY2021 $42.7M$28.7M$14.0M$61.3M 990 PDF
FY2020 $30.5M$28.0M$2.5M$47.1M 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 $62,428,658 across 10 lines filed
VIII-1c Fundraising events$5,599,237
VIII-1e Government grants$762,156
VIII-1f All other contributions, gifts and grants$54,807,696
VIII-1g Noncash contributions (included above)$3,117,957
VIII-1h Total contributions, gifts and grants$61,169,089
VIII-3 Investment incomeExcluded from tax $767,294$767,294
VIII-7 Net gain or loss on sales of assetsExcluded from tax $672,680$672,680
VIII-8 Net income from fundraising eventsExcluded from tax −$185,821−$185,821
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $5,416$5,416
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,259,569$62,428,658
Part IX · Statement of functional expenses $43,013,251 across 15 lines filed
IX-2 Grants to domestic individualsPrograms $2,109,672$2,109,672
IX-5 Pay of current officers, directors and key staffPrograms $1,134,442 · Management $536,429 · Fundraising $550,141$2,221,012
IX-7 Other salaries and wagesPrograms $16,552,434 · Management $2,270,270 · Fundraising $1,783,330$20,606,034
IX-8 Pension plan contributionsPrograms $443,804 · Management $66,970 · Fundraising $66,374$577,148
IX-9 Other employee benefitsPrograms $1,993,876 · Management $168,910 · Fundraising $196,528$2,359,314
IX-10 Payroll taxesPrograms $1,353,365 · Management $204,006 · Fundraising $161,678$1,719,049
IX-11b Legal feesPrograms $134,235 · Management $63,585 · Fundraising $37,680$235,500
IX-11c Accounting feesPrograms $12,309 · Management $5,831 · Fundraising $3,455$21,595
IX-11g Other fees for servicesPrograms $1,077,706 · Management $512,996 · Fundraising $299,559$1,890,261
IX-13 Office expensesPrograms $746,673 · Management $49,121 · Fundraising $31,476$827,270
IX-14 Information technologyPrograms $529,091 · Management $305,490 · Fundraising $37,140$871,721
IX-16 OccupancyPrograms $4,495,328 · Management $742,479 · Fundraising $102,715$5,340,522
IX-17 TravelPrograms $1,233,503 · Management $101,246 · Fundraising $105,757$1,440,506
IX-22 Depreciation, depletion and amortizationPrograms $834,176 · Management $134,088$968,264
IX-24 Other expenses (24a–d)Programs $828,635 · Management $607,724 · Fundraising $389,024$1,825,383
IX-25 Total functional expensesPrograms $33,479,249 · Management $5,769,145 · Fundraising $3,764,857$43,013,251
Part X · Balance sheet $110,837,685 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $10,263,292$8,135,889
X-2 Savings and temporary cash investmentsStart of year $28,319,197$32,440,822
X-3 Pledges and grants receivableStart of year $20,985,100$36,807,741
X-4 Accounts receivableStart of year $14,203$5,237
X-9 Prepaid expenses and deferred chargesStart of year $697,413$1,633,375
X-10c Land, buildings and equipment, netStart of year $10,512,367$10,883,129
X-15 Other assetsStart of year $22,862,192$20,931,492
X-16 Total assetsStart of year $93,653,764$110,837,685
X-17 Accounts payable and accrued expensesStart of year $3,031,569$3,287,005
X-25 Other liabilitiesStart of year $30,666,666$28,049,722
X-26 Total liabilitiesStart of year $33,698,235$31,336,727
X-27 Net assets without donor restrictionsStart of year $37,404,238$40,149,009
X-28 Net assets with donor restrictionsStart of year $22,551,291$39,351,949
X-32 Total net assets or fund balancesStart of year $59,955,529$79,500,958
X-33 Total liabilities and net assetsStart of year $93,653,764$110,837,685
Part XI · Reconciliation of net assets $79,500,958 net assets at year end
XI-1 Total revenue$62,428,658
XI-2 Total expenses$43,013,251
XI-3 Revenue less expenses$19,415,407
XI-4 Net assets at start of year$59,955,529
XI-5 Net unrealized gains (losses) on investments$130,022
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$79,500,958

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

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